rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Rational expectations equilibrium in a market with restricted access to differential information
  name:
    name part: Gillette, Belinda Ann Brewer
    name part: 1957-
    role:
      role term: creator
  name:
    name part: Hwang, Hae-Shin
    role:
      role term: degree supervisor.
  name:
    name part: Battalio, Raymond C.
    role:
      role term: degree committee member.
  name:
    name part: Baye, Michael R.
    role:
      role term: degree committee member.
  name:
    name part: Dubofsky, David A.
    role:
      role term: degree committee member.
  name:
    name part: Texas A & M University
    role:
      role term: degree granting institution.
  type of resource: text
  genre: bibliography
  genre: Academic theses
  origin info:
    place:
      place term: xx
    date issued: 1991
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: ix, 109 leaves : illustrations ; 29 cm
  abstract: This dissertation analyzes a rational expectations equilibrium model of a financial market with two sources of noisy information. Access to the first information source is institutionally limited to a fixed proportion of traders, insiders, while information on the second source is available to all traders, including the insiders, at the same cost. An interior equilibrium exists where a fraction of inside traders acquire outside information and some outside traders remain uninformed. Small parameter changes can shift the equilibrium from an interior to a corner, leading to discontinuity in the equilibrium information allocation and other endogenous variables. The highly nonlinear nature of the rational expectations equilibrium price and informational conditions makes comparative statistics analytically impossible. Among the main results of an extensive numerical analysis, the equilibrium information allocation responds asymmetrically to increases and decreases in the uncertainty of the risky asset return and in the uncertainty of the risky supply.
  note: Typescript (photocopy).
  note: Vita.
  note: "Major subject: Economics."
  note: Ph. D. Texas A & M University 1991
  note: Includes bibliographical references.
  subject:
    topic: Rational expectations (Economic theory)
  subject:
    topic: Capital market
    topic: Mathematical models
  subject:
    topic: Insider trading in securities
  subject:
    topic: Equilibrium (Economics)
  subject:
    topic: Major economics
  identifier: http://proxy.library.tamu.edu/login
  related item:
    location:
      url: http://proxy.library.tamu.edu/login
  record info:
    record content source: TXA
    record creation date: 930127
    record change date: 20200904152549.0
    record identifier: in00001121972
    language of cataloging:
      language term: eng