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
โฆ LIBER โฆ
Information, interest rates, and the volatility of asset prices
โ Scribed by Laurence S. Copeland; Richard C. Stapleton
- Publisher
- Springer US
- Year
- 1993
- Tongue
- English
- Weight
- 922 KB
- Volume
- 3
- Category
- Article
- ISSN
- 0924-865X
No coin nor oath required. For personal study only.
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