haku: @author Friedman, D. / yhteensä: 11
viite: 7 / 11
| Tekijä: | Copeland, T. E. Friedman, D. |
| Otsikko: | The effect of sequential information arrival on asset prices : an experimental study. |
| Lehti: | Journal of Finance
1987 : JUL, VOL. 42:3, p. 763-797 |
| Asiasana: | SECURITIES ASSETS SHARE PRICES |
| Kieli: | eng |
| Tiivistelmä: | Price behavior, trading volumes, portfolio composition, and bid-ask spreads on a security market are observed in a controlled setting - a computerized double auction market. Experimental control of information arrival is allowed. The price, volume, and share allocations of three market equilibrium models are compared: telepathic rational expectations /strong-form market efficiency/; ordinary rational expectations /type of semi-strong market efficiency/; and private information, where traders use no market information. |
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