Speed acquisition
Speed is a salient feature of modern financial markets. This paper studies investors' speed acquisition together with their information acquisition. Speed heterogeneity arises in equilibrium, fragmenting the information aggregation process with a nonmonotone impact on price informativeness. Var...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2021
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7286 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8285/viewcontent/SpeedAcq_av.pdf |
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| Institution: | Singapore Management University |
| Language: | English |