create a website

Essays on Speculation. (2004). Zurita, Felipe.
In: Levine's Working Paper Archive.
RePEc:cla:levarc:618897000000000849.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 61

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. [1] ADMATI, Anat R. (1985), A Noisy Rational Expectations Equilibrium for Multi-Asset Securities Markets, Econometrica 53, 629-657.

  2. [10] DE LONG, J. Bradford, Andrei SHLEIFER, Lawrence H. SUMMERS and Robert J. WALDMANN (1991), The Survival of Noise Traders in Financial Markets, Journal of Business 64, 1-19.

  3. [11] DETEMPLE, Jerome and Shashidhar MURTHY (1994), Intertemporal Asset Pricing with Heterogeneous Beliefs, Journal of Economic Theory 62, 394-320.

  4. [12] DIAMOND, Douglas W. and Robert E. VERRECHIA (1981), Information Ag- gregation in a Noisy Rational Expectations Economy, Journal of Financial Eco- nomics 9, 221-235.

  5. [13] DOW, James, Vicente MADRIGAL and Sérgio Ribeiro da Costa WERLANG (1990), Preferences, Common Knowledge and Speculative Trade, Ensaios Econômicos da EPGE No 49, Escola de Pós-graduação en Economia da Fun- dação Getulio Vargas.

  6. [14] DOW, James and Sérgio Ribeiro da Costa WERLANG (1992), Uncertainty Aversion, Risk Aversion, and the Optimal Choice of Portfolio, Econometrica 60, 197-204.

  7. [15] DUFFIE, Darrel and Chi-Fu HUANG (1985), Implementing Arrow-Debreu Equilibria by Continuous Trading of a Few Long-Lived Securities, Econometrica 53, 1337-1356.

  8. [16] FLOOD, Robert P. and Robert J. HODRICK (1990), On Testing for Speculative Bubbles, Journal of Economic Perspectives 4, 85-101.

  9. [17] FRIEDMAN, Milton (1953), The Case for Flexible Exchange Rates, in Essays in Positive Economics, The University of Chicago Press.
    Paper not yet in RePEc: Add citation now
  10. [18] FUDENBERG, Drew and David K. LEVINE (1994), Learning and Belief Based Trade, unpublished manuscript.

  11. [19] GARBER, Peter M. (1990), Famous First Bubbles, Journal of Economic Per- spectives 4, 35-54.

  12. [2] ADMATI, Anat R. and Paul PFLEIDERER (1986), A Monopolistic Market for Information, Journal of Economic Theory 39, 400-438.

  13. [20] GEANAKOPLOS, John (1993), Common Knowledge, Cowles Foundation Dis- cussion Paper No 1062.

  14. [21] GHIRARDATO, Paolo (1995), Coping with Ignorance: Unforeseen Contingen- cies and Non-Additive Uncertainty, California Institute of Technology Working Paper No 945.
    Paper not yet in RePEc: Add citation now
  15. [22] GLOSTEN, Lawrence (1989), Insider Trading, Liquidity, and the Role of the Monopolist Specialist, Journal of Business 62, 211-235.

  16. [23] GROSSMAN, Sanford (1976), On the Efficiency of Competitive Stock Markets Where Traders Have Diverse Information, Journal of Finance 31, 573-585.
    Paper not yet in RePEc: Add citation now
  17. [24] GROSSMAN, Sanford and Joseph STIGLITZ (1980), On the Impossibility of Informationally Efficient Markets, American Economic Review 70, 393-408.

  18. [25] GRUNDY, Bruce and Maureen McNICHOLS (1989), Trade and the Revela- tion of Information through Prices and Direct Disclosure, Review of Financial Studies 2, 495-526.
    Paper not yet in RePEc: Add citation now
  19. [26] GUL, Faruk (1998), A Comment on Aumanns Bayesian View, Econometrica 66, 923-927.

  20. [27] HARRIS, Milton and Artur RAVIV (1993), Differences of Opinion Make a Horse Race, Review of Financial Studies 6, 473-506.

  21. [28] HARRISON, J. Michael and David M. KREPS (1978), Speculative Investor Be- havior in a Stock Market with Heterogeneous Expectations, Quarterly Journal of Economics 92, 323-336.

  22. [29] HART; Oliver D. and David M. KREPS (1986), Price Destabilizing Specula- tion, Journal of Political Economy 94, 927-952.

  23. [3] ARROW, Kenneth J. (1963), The Role of Securities in the Optimal Allocation of Risk Bearing, Review of Economic Studies 31, 91-96.
    Paper not yet in RePEc: Add citation now
  24. [30] HART, Sergiu and Yair TAUMAN (1997), Market Crashes without External Shocks, mimeo.

  25. [31] HELLWIG, Martin F. (1980), On the Aggregation of Information in Competi- tive Markets, Journal of Economic Theory 22, 477-498.

  26. [32] HIRSHLEIFER, Jack (1975), Speculation and Equilibrium: Information, Risk and Markets, Quarterly Journal of Economics 89, 519-542.

  27. [33] (1977), The Theory of Speculation under Alternative Regimes of Mar- kets, Journal of Finance 32, 975-999.
    Paper not yet in RePEc: Add citation now
  28. [34] HOPENHAYN, Hugo A. and Ingrid M. WERNER (1996), Information, Liq- uidity, and Asset Trading in a Random Matching Game, Journal of Economic Theory 68, 349-379.
    Paper not yet in RePEc: Add citation now
  29. [35] KINDLEBERGER, Charles P. (1989), Manias, Panics, and Crashes; a History of Financial Crises, revised edition, Basic Books.
    Paper not yet in RePEc: Add citation now
  30. [36] KLEINDON, Allan W. (1986), Anomalies in Financial Economics: Blueprint for a Change?, in Rational Choice, edited by Robin M Hogarth and Melvin W. Reder, The University of Chicago Press.

  31. [37] KREPS, David M. (1977), A Note on `Fulfilled Expectations Equilibria, Jour- nal of Economic Theory 14, 32-43.

  32. [38] KYLE, Albert S. (1985), Continuous Auctions and Insider Trading, Econo- metrica 53, 1315-1335.

  33. [4] AUMANN, Robert J. (1976), Agreeing to Disagree, Annals of Statistics 4, 1236-1239.
    Paper not yet in RePEc: Add citation now
  34. [41] LELAND, Hayne and David PYLE (1977), Informational Asymmetries, Finan- cial Structure, and Financial Intermediation, Journal of Finance 32, 371-387.

  35. [42] LEVINE, David K. (1982), Theory of Price Bubbles, UCLA Department of Economics Working Paper No 246.
    Paper not yet in RePEc: Add citation now
  36. [43] LINTNER, John (1969), The Aggregation of Investors Diverse Judgements and Preferences in Purely Competitive Security Markets, Journal of Financial and Quantitative Analysis 4, 103-124.

  37. [44] MADRIGAL, Vicente and José A. SCHEINKMAN (1997), Price Crashes, In- formation Aggregation, and Market-Making, Journal of Economic Theory 75, 16-63.
    Paper not yet in RePEc: Add citation now
  38. [45] MILGROM, Paul and Nancy STOKEY (1982), Information, Trade and Com- mon Knowledge, Journal of Economic Theory 26, 17-27.

  39. [46] MORRIS, Stephen (1994), Trade with Heterogeneous Prior Beliefs and Asym- metric Information, Econometrica 62, 1327-1347.

  40. [47] MORRIS, Stephen (1995), The Common Prior Assumption in Economic The- ory, Economics and Philosophy 11, 227-253.
    Paper not yet in RePEc: Add citation now
  41. [48] NEWMAN, Peter K., Murray MILGATE and John EATWELL, editors, (1994) The New Palgrave Dictionary of Money & Finance, London: Stockton Press.
    Paper not yet in RePEc: Add citation now
  42. [49] RADNER, Roy (1972), Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets, Econometrica 40, 289-303.

  43. [5] AUMANN, Robert J. (1998), Common Priors: A Reply to Gul, Econometrica 66, 929-938.

  44. [50] ROBSON, Arthur J. (1996), A Biological Basis for Expected and Non-expected Utility, Journal of Economic Theory 68, 397-424.

  45. [51] RUBINSTEIN, Ariel and Asher WOLLINSKI (1990), On the Logic of Agreeing to Disagree Type Results, Journal of Economic Theory 51, 184-193.

  46. [52] RUBINSTEIN, Mark (1975), Securities Market Efficiency in an Arrow-Debreu Economy, American Economic Review 65, 812-824.

  47. [53] SALANT, Stephen W. (1983), The Vulnerability of Price Stabilization Schemes to Speculative Attack, Journal of Political Economy 91, 1-38.

  48. [54] SAVAGE, Leonard J. (1974), The Foundations of Statistics, second revised edition, Dover Publications, New York.
    Paper not yet in RePEc: Add citation now
  49. [55] SCHMEIDLER, David (1989), Subjective Probability and Expected Utility without Additivity, Econometrica 57, 571-587.

  50. [56] SHILLER, Robert J. (1981), Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?, American Economic Review 71, 421-436.

  51. [57] SHILLER, Robert J. (1989), Market Volatility, MIT Press.
    Paper not yet in RePEc: Add citation now
  52. [58] STIGLITZ, Joseph E. (1981), Information and Capital Markets, NBER Work- ing Paper No 678.

  53. [59] TELSER, Lester G. (1959), A Theory of Speculation Relating Profitability and Stability, The Review of Economics and Statistics 41, 295-302.
    Paper not yet in RePEc: Add citation now
  54. [6] BHATTACHARYYA, Sugato and Barton L. LIPMAN (1995), Ex-ante versus Interim Rationality and the Existence of Bubbles, Economic Theory 6, 469-494.

  55. [60] TIROLE, Jean (1982), On the Possibility of Speculation under Rational Expec- tations, Econometrica 50, 1163-1181.

  56. [62] VARIAN, Hal R. (1985), Divergence of Opinion in Complete Markets: A Note, Journal of Finance 40, 309-317.

  57. [64] WOLINSKI, Asher (1990), Information Revelation in a Market with Pairwise Meetings, Econometrica 58, 1-23.

  58. [65] WORKING, Holbrook (1953), Futures Trading and Hedging, American Eco- nomic Review 43, 314-343.
    Paper not yet in RePEc: Add citation now
  59. [7] BHATTACHARYA, Upsal and SPIEGEL, M. (1991), Insiders, Outsiders, and Market Breakdowns, The Review of Financial Studies 4, 255-282.

  60. [8] DANIEL, Kent, David HIRSHLEIFER and Avanidhar SUBRAHMANYAM (1998), Investor Psychology and Security Market Under- and Overreactions, Journal of Finance, forthcoming.

  61. [9] DEBREU, Gerard, Theory of Value, an Axiomatic Analysis of Economic Equi- librium, Cowles Foundation Monograph 17, 1959.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. Information acquisition and learning from prices over the business cycle. (2014). Ohl, Björn ; Mäkinen, Taneli ; Mkinen, Taneli .
    In: Temi di discussione (Economic working papers).
    RePEc:bdi:wptemi:td_946_14.

    Full description at Econpapers || Download paper

  2. Noise and aggregation of information in large markets. (2013). Garcia, Diego ; Uroevi, Branko.
    In: Journal of Financial Markets.
    RePEc:eee:finmar:v:16:y:2013:i:3:p:526-549.

    Full description at Econpapers || Download paper

  3. Rational expectations equilibrium with uncertain proportion of informed traders. (2013). Wang, Jun ; Song, Fengming ; Gao, Feng.
    In: Journal of Financial Markets.
    RePEc:eee:finmar:v:16:y:2013:i:3:p:387-413.

    Full description at Econpapers || Download paper

  4. Speculative dynamics in the term structure of interest rates. (2012). Nimark, Kristoffer.
    In: Economics Working Papers.
    RePEc:upf:upfgen:1194.

    Full description at Econpapers || Download paper

  5. Liquidity and asset prices in rational expectations equilibrium with ambiguous information. (2011). Werner, Jan ; Ozsoylev, Han.
    In: Economic Theory.
    RePEc:spr:joecth:v:48:y:2011:i:2:p:469-491.

    Full description at Econpapers || Download paper

  6. The Real Effects of Financial Markets. (2011). Edmans, Alex ; Bond, Philip ; Goldstein, Itay.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:17719.

    Full description at Econpapers || Download paper

  7. Equilibrium Information Acquisition, Prediction Abilities and Asset Prices. (2011). Guo, Wen-Chung.
    In: Computational Economics.
    RePEc:kap:compec:v:37:y:2011:i:1:p:89-111.

    Full description at Econpapers || Download paper

  8. Higher order expectations, illiquidity, and short-term trading. (2011). Vives, Xavier ; Cespa, Giovanni.
    In: IESE Research Papers.
    RePEc:ebg:iesewp:d-0915.

    Full description at Econpapers || Download paper

  9. Unbiased Disagreement in financial markets, waves of pessimism and the risk return tradeoff. (2010). NAPP, Clotilde ; Jouini, Elyès.
    In: Post-Print.
    RePEc:hal:journl:halshs-00488481.

    Full description at Econpapers || Download paper

  10. Public and Private Learning from Prices, Strategic Substitutability and Complementarity, and Equilibrium Multiplicity. (2010). Vives, Xavier ; Manzano, Carolina.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_3137.

    Full description at Econpapers || Download paper

  11. Rational Attention Allocation Over the Business Cycle. (2009). Veldkamp, Laura ; Van Nieuwerburgh, Stijn ; Kacperczyk, Marcin.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:15450.

    Full description at Econpapers || Download paper

  12. Dynamic Trading and Asset Prices: Keynes vs. Hayek. (2009). Vives, Xavier ; Cespa, Giovanni.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:7506.

    Full description at Econpapers || Download paper

  13. Testing Asymmetric-Information Asset Pricing Models. (2009). Ljungqvist, Alexander ; Kelly, Bryan.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:7180.

    Full description at Econpapers || Download paper

  14. Dynamic Trading and Asset Prices: Keynes vs. Hayek. (2009). Vives, Xavier ; Cespa, Giovanni.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_2839.

    Full description at Econpapers || Download paper

  15. A Computational View of Market Efficiency. (2009). Lo, Andrew ; Hasanhodzic, Jasmina ; Viola, Emanuele .
    In: Papers.
    RePEc:arx:papers:0908.4580.

    Full description at Econpapers || Download paper

  16. Dynamic Trading and Asset Prices: Keynes vs. Hayek. (2008). Vives, Xavier ; Cespa, Giovanni.
    In: CSEF Working Papers.
    RePEc:sef:csefwp:191.

    Full description at Econpapers || Download paper

  17. Amplification and asymmetry in crashes and frenzies. (2008). Ozsoylev, Han.
    In: Annals of Finance.
    RePEc:kap:annfin:v:4:y:2008:i:2:p:157-181.

    Full description at Econpapers || Download paper

  18. Are More Risk-Averse Agents More Optimistic? Insights from a Simple Rational Expectations Equilibrium Model. (2008). NAPP, Clotilde ; Jouini, Elyès.
    In: Post-Print.
    RePEc:hal:journl:halshs-00176630.

    Full description at Econpapers || Download paper

  19. Information Sales and Insider Trading with Long-lived Information. (2007). Cespa, Giovanni.
    In: CSEF Working Papers.
    RePEc:sef:csefwp:174.

    Full description at Econpapers || Download paper

  20. Sudden Flight and True Sudden Stops. (2007). Warnock, Francis ; Rothenberg, Alexander.
    In: The Institute for International Integration Studies Discussion Paper Series.
    RePEc:iis:dispap:iiisdp187.

    Full description at Econpapers || Download paper

  21. Dynamic trading and asset prices: Keynes vs. Hayek. (2007). Vives, Xavier ; Cespa, Giovanni.
    In: IESE Research Papers.
    RePEc:ebg:iesewp:d-0716.

    Full description at Econpapers || Download paper

  22. Financial Contagion and Attention Allocation. (2006). Mondria, Jordi.
    In: Working Papers.
    RePEc:tor:tecipa:tecipa-254.

    Full description at Econpapers || Download paper

  23. Sudden Flight and True Sudden Stops. (2006). Warnock, Francis ; Rothenberg, Alexander.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12726.

    Full description at Econpapers || Download paper

  24. Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?. (2006). van Wincoop, Eric ; Bacchetta, Philippe.
    In: American Economic Review.
    RePEc:aea:aecrev:v:96:y:2006:i:3:p:552-576.

    Full description at Econpapers || Download paper

  25. Optimal research in financial markets with heterogeneous private information; a rational expectations model. (2005). Tinn, Katrin.
    In: Money Macro and Finance (MMF) Research Group Conference 2005.
    RePEc:mmf:mmfc05:6.

    Full description at Econpapers || Download paper

  26. Informational asymmetries and a multiplier effect on price correlation and trading. (2005). Pinheiro, Marcelo.
    In: Annals of Finance.
    RePEc:kap:annfin:v:1:y:2005:i:4:p:395-421.

    Full description at Econpapers || Download paper

  27. Characterizing Asymmetric Information in International Equity Markets. (2004). Schneider, Martin ; Bauer, Gregory ; Albuquerque, Rui.
    In: International Finance.
    RePEc:wpa:wuwpif:0405005.

    Full description at Econpapers || Download paper

  28. Noise and aggregation of information in large markets. (2004). Garcia, Diego ; Urosevic, Branko.
    In: Economics Working Papers.
    RePEc:upf:upfgen:785.

    Full description at Econpapers || Download paper

  29. Information Markets and the Comovement of Asset Prices. (2004). Veldkamp, Laura.
    In: Working Papers.
    RePEc:ste:nystbu:04-18.

    Full description at Econpapers || Download paper

  30. Essays on Speculation. (2004). Zurita, Felipe.
    In: Levine's Working Paper Archive.
    RePEc:cla:levarc:618897000000000849.

    Full description at Econpapers || Download paper

  31. International Equity Flows and Returns: A Quantitative Equilibrium Approach. (2004). Schneider, Martin ; Bauer, Gregory ; Albuquerque, Rui.
    In: Staff Working Papers.
    RePEc:bca:bocawp:04-42.

    Full description at Econpapers || Download paper

  32. Giffen goods and market making. (2003). Cespa, Giovanni.
    In: Economics Working Papers.
    RePEc:upf:upfgen:681.

    Full description at Econpapers || Download paper

  33. A comparison of stock market mechanisms. (2003). Cespa, Giovanni.
    In: Economics Working Papers.
    RePEc:upf:upfgen:545.

    Full description at Econpapers || Download paper

  34. Giffen Goods and Market Making. (2003). Cespa, Giovanni.
    In: CSEF Working Papers.
    RePEc:sef:csefwp:97.

    Full description at Econpapers || Download paper

  35. A Comparison of Stock Market Mechanism. (2003). Cespa, Giovanni.
    In: CSEF Working Papers.
    RePEc:sef:csefwp:94.

    Full description at Econpapers || Download paper

  36. Investor Sentiment in Japanese and U.S. Daily Mutual Fund Flows. (2003). Watanabe, Masahiro ; Goetzmann, William ; Brown, Stephen ; Hiraki, Takato ; Shirishi, Noriyoshi.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:9470.

    Full description at Econpapers || Download paper

  37. Short-term investment and equilibrium multiplicity. (2002). Cespa, Giovanni.
    In: Economics Working Papers.
    RePEc:upf:upfgen:520.

    Full description at Econpapers || Download paper

  38. On the Possibility of Stock Market Crashes in the Absence of Portfolio Insurance. (1999). Barlevy, Gadi ; Veronesi, Pietro.
    In: Discussion Papers.
    RePEc:nwu:cmsems:1252.

    Full description at Econpapers || Download paper

  39. A rational expectations model of financial contagion. (1998). Pritsker, Matthew ; Kodres, Laura E..
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:1998-48.

    Full description at Econpapers || Download paper

  40. Learning the True Index Level: Index Return Autocorrelation in an REE Auction Market. (1997). Safvenblad, Patrik.
    In: SSE/EFI Working Paper Series in Economics and Finance.
    RePEc:hhs:hastef:0190.

    Full description at Econpapers || Download paper

  41. Lead-Lag Effects When Prices Reveal Cross-Security Information. (1997). Safvenblad, Patrik.
    In: SSE/EFI Working Paper Series in Economics and Finance.
    RePEc:hhs:hastef:0189.

    Full description at Econpapers || Download paper

  42. Information quality, performance measurement, and security demand in rational expectations economies. (1995). Noe, Thomas ; Ramamurtie, Buddhavarapu Sailesh .
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:95-4.

    Full description at Econpapers || Download paper

  43. Bid-Ask Spreads with Indirect Competition Among Specialists. (1994). Jackson, Matthew ; Gehrig, Thomas.
    In: Discussion Papers.
    RePEc:nwu:cmsems:1107.

    Full description at Econpapers || Download paper

  44. Differential information and dynamic behavior of stock trading volume. (1994). He, Hua ; He, Hua., .
    In: Working papers.
    RePEc:mit:sloanp:2531.

    Full description at Econpapers || Download paper

  45. Insider trading and market manipulations--existence and uniqueness of equilibrium. (1991). Rochet, Jean ; Vila, Jean-Luc., .
    In: Working papers.
    RePEc:mit:sloanp:2366.

    Full description at Econpapers || Download paper

  46. Expectativas racionales, competencia perfecta y comportamiento estratégico en los mercados financieros. (1991). Caballe, Jordi.
    In: Investigaciones Economicas.
    RePEc:iec:inveco:v:15:y:1991:i:1:p:3-34.

    Full description at Econpapers || Download paper

  47. Crash-Testing the Efficient Market Hypothesis. (1988). French, Kenneth .
    In: NBER Chapters.
    RePEc:nbr:nberch:10957.

    Full description at Econpapers || Download paper

  48. Banking panics, information, and rational expectations equilibrium. (1988). .
    In: Working Papers.
    RePEc:fip:fedmwp:320.

    Full description at Econpapers || Download paper

  49. Speculative Behavior of Institutional Investors. (1986). Shiller, Robert ; Pound, John .
    In: NBER Working Papers.
    RePEc:nbr:nberwo:1964.

    Full description at Econpapers || Download paper

  50. Asset Prices in a Time Series Model with Disparately Informed, Competative Traders. (1986). Singleton, Kenneth.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:1897.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-11 22:02:18 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.