Asset Pricing under Asymmetric Information
Top Cited Papers
- 25 January 2001
- book
- Published by Oxford University Press (OUP)
Abstract
Asset prices are driven by public news and information that is dispersed among many market participants. Traditional asset pricing theories have assumed that all investors hold symmetric information. Research in the past two decades has shown that the inclusion of asymmetric information drastically alters traditional results. This book provides a detailed up‐to‐date survey that serves as a map for students and other researchers navigating through this literature.Keywords
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