๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Short-lived agents and the long-lived environment

โœ Scribed by A. John; R. Pecchenino; D. Schimmelpfennig; S. Schreft


Book ID
113213270
Publisher
Elsevier Science
Year
1995
Tongue
English
Weight
714 KB
Volume
58
Category
Article
ISSN
0047-2727

No coin nor oath required. For personal study only.


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The authors explore strategic trade in short-lived securities by agents who have private information that is potentially long-term, but do not know how long their information will remain private. Trading short-lived securities is profitable only if enough of the private information becomes public pr