Nöldeke, Georg and Tröger, Thomas. (2001) Existence of linear equilibria in the Kyle model with multiple informed traders. Economics letters, 72. pp. 159-164.
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Official URL: http://edoc.unibas.ch/dok/A5249192
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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.
| Faculties and Departments: | 06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Mikroökonomische Theorie (Nöldeke) |
|---|---|
| UniBasel Contributors: | Nöldeke, Georg |
| Item Type: | Article, refereed |
| Article Subtype: | Research Article |
| Publisher: | North-Holland |
| ISSN: | 0165-1765 |
| Note: | Publication type according to Uni Basel Research Database: Journal article |
| Language: | English |
| edoc DOI: | |
| Last Modified: | 14 Nov 2017 08:04 |
| Deposited On: | 22 Mar 2012 14:02 |
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