Learning specialists and market resilience
In this paper, I address the stochastic behavior of asset prices set by an imperfectly informed specialist who uses learning technology to refine her knowledge of the order flow. The specialist’s endogenous choice of an information structure is analyzed w
- Autores:
-
Contreras Eitner, Alfredo
- Tipo de recurso:
- Article of investigation
- Fecha de publicación:
- 2023
- Institución:
- Colegio de Estudios Superiores de Administración
- Repositorio:
- Repositorio CESA
- Idioma:
- eng
- OAI Identifier:
- oai:repository.cesa.edu.co:10726/5530
- Acceso en línea:
- http://hdl.handle.net/10726/5530
https://doi-org.cvirtual.cesa.edu.co/10.1016/j.frl.2022.103516
- Palabra clave:
- Market microstructure
Market resilience
Insider trading
Dynamic rational inattention
Entropy learning
- Rights
- License
- Acceso Restringido