Browsing Department of Business and Management Science by Subject "partially informed noise traders"
Now showing items 1-1 of 1
-
Insider trading with partially informed traders
(Discussion paper;2011:21, Working paper, 2011-11)The single auction equilibrium of Kyle's (1985) is studied, in which noise traders may be partially informed, or alternatively they can be manipulated. Unlike Kyle's assumption that the quantity traded by the noise ...