𝔖 Bobbio Scriptorium
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Discussion of “Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation”

✍ Scribed by Chester Spatt

Book ID
113726024
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
95 KB
Volume
56
Category
Article
ISSN
0304-3932

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A market with many traders clears at a single price. The intuition that such a market can be modeled as a multiple access channel with many source inputs and a single output is confirmed and supported by single stock trading data. If all stocks in an exchange with a price index are so traded, then t