Asset Pricing under Asymmetric Information

副标题: Bubbles, Crashes, Technical Analysis, and Herding

ISBN: 9780198296980

出版社: Oxford University Press, USA

出版年: 2001-03-29

页数: 260

定价: USD 70.00

装帧: Hardcover

内容简介

The role of information is central to the academic debate on finance. This book provides a detailed, current survey of theoretical research into the effect on stock prices of the distribution of information, comparing and contrasting major models. It examines theoretical models that explain

bubbles, technical analysis, and herding behavior. It also provides rational explanations for stock market crashes. Analyzing the implications of asymmetries in information is crucial in this area. This book provides a useful survey for graduate students.