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Public and private learning from prices, strategic substitutability and complementarity, and equilibrium multiplicity
16 references·14 citing·36 second hop
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this work references cited by second hop

References

  • 1980On the Impossibility of Informationally Efficient Markets5,122 cited
  • 1980On the Impossibility of Informationally Efficient Markets3,640 cited
  • 1976ON THE EFFICIENCY OF COMPETITIVE STOCK MARKETS WHERE TRADES HAVE DIVERSE INFORMATION1,438 cited
  • 1980On the aggregation of information in competitive markets1,247 cited
  • 1981Information aggregation in a noisy rational expectations economy1,068 cited
  • 1990Nash equilibrium with strategic complementarities930 cited
  • 1985A Noisy Rational Expectations Equilibrium for Multi-Asset Securities Markets779 cited
  • 1994Security Analysis and Trading Patterns When Some Investors Receive Information Before Others724 cited
  • 1990Market Liquidity, Hedging, and Crashes550 cited
  • 1995Differential Information and Dynamic Behavior of Stock Trading Volume447 cited
  • 1989Trade and the Revelation of Information through Prices and Direct Disclosure422 cited
  • 2006Information Markets and the Comovement of Asset Prices409 cited
  • 2008Knowing What Others Know: Coordination Motives in Information Acquisition350 cited
  • 1995Financial Market Innovation and Security Design: An Introduction321 cited
  • 2006Media Frenzies in Markets for Financial Information

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306 cited
  • 2008Information and Learning in Markets270 cited
  • Cited by

    • 2015Uncertainty, Information Acquisition, and Price Swings in Asset Markets111 cited
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    • 2021The Equilibrium Consequences of Indexing76 cited
    • 2021Costly Interpretation of Asset Prices64 cited
    • 2012The Effects of Public Information with Asymmetrically Informed Short-Horizon Investors50 cited
    • 2020China's Model of Managing the Financial System39 cited
    • 2022On ESG Investing: Heterogeneous Preferences, Information, and Asset Prices39 cited
    • 2023Volatility and informativeness31 cited
    • 2016Information tradeoffs in dynamic financial markets30 cited
    • 2021On ESG Investing: Heterogeneous Preferences, Information, and Asset Prices27 cited
    • 2014Feedback Trading between Fundamental and Nonfundamental Information25 cited
    • 2020Funding Constraints and Informational Efficiency24 cited
    • 2015Information, Coordination, and Market Frictions: An Introduction17 cited