کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
979272 933333 2010 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Asymmetric information and economics
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات فیزیک ریاضی
پیش نمایش صفحه اول مقاله
Asymmetric information and economics
چکیده انگلیسی

We present an expression of the economic concept of asymmetric information with which it is possible to derive the dynamical laws of an economy. To illustrate the utility of this approach we show how the assumption of optimal information flow leads to a general class of investment strategies including the well-known QQ theory of Tobin. Novel consequences of this formalism include a natural definition of market efficiency and an uncertainty principle relating capital stock and investment flow.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Physica A: Statistical Mechanics and its Applications - Volume 389, Issue 2, 15 January 2010, Pages 287–295
نویسندگان
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