On uniqueness of equilibrium in the Kyle Model
| Data(s) |
06/01/2015
06/01/2015
27/12/2014
|
|---|---|
| Resumo |
A longstanding unresolved question is whether the one-period Kyle Model of an informed trader and a noisily informed market maker has an equilibrium that is different from the closed-form solution derived by Kyle (1985). This note advances what is known about this open problem. |
| Identificador |
0104-8910 |
| Idioma(s) |
en_US |
| Publicador |
Fundação Getulio Vargas. Escola de Pós-graduação em Economia |
| Relação |
Ensaios Econômicos;761 |
| Palavras-Chave | #Kyle model #Uniqueness of equilibrium #Economia |
| Tipo |
Working Paper |
