Profitable informed trading in a simple general equilibrium model of asset pricing

Article Abstract:

A general equilibrium model of asset pricing is developed where profitable informed trading may transpire without any disturbance in the model. The equilibrium concept used is similar to rational expectations equilibrium and also provides for the possibility of adverse selection. The model developed shows that profitable informed trading decreases agents' welfare when a comparison is done across steady states.

Research, Insider trading in securities, Insider trading (Securities), Rational expectations (Economics), Basket trading (Securities)

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Trading, communications and the response of asset prices to news

Article Abstract:

The complexity of information received by stock traders is relative to how news will be disseminated and applied to price changes. The more complex the news the more varied responses or approaches taken by traders in adjusting their stock buying and thus impacting on asset price changes. The trading process has a large effect on how news affects share prices.

Models, Prices, Communication, Communications, Assets (Accounting)

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Equilibrium investment and asset prices under imperfect corporate control

Article Abstract:

Impact of seperation of ownership and control in a firm on equilibrium investment and asset prices is examined.

United States, Management dynamics, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Asset Valuation & Distribution, Management, Investments, Company business management, Equilibrium (Economics), Asset valuation, Organizational structure

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