Title of article :
Existence of linear equilibria in the Kyle model with multiple informed traders
Author/Authors :
GeorgN?ldeke، نويسنده , , Thomas Tr?ger، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2001
Abstract :
If asset payoff and noise trading are independent, have finite second moments and linear equilibria exist for two different numbers of informed traders in Kyle’s market order model of insider trading, then the underlying random variables are normally distributed.
Keywords :
Insider trading , Kyle model , Linear equilibrium , normal distribution
Journal title :
Economics Letters
Journal title :
Economics Letters