| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 9549322 | Economics Letters | 2005 | 8 Pages |
Abstract
We study a version of the standard Kyle (85) model with endogenous information acquisition and we find that equilibria exist with free entry in which speculators make positive profits. Moreover, these equilibria are robust.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Alan D. Morrison, Nir Vulkan,