Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22915
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dc.contributor.authorNöldeke, Georgen_US
dc.contributor.authorTröger, Thomasen_US
dc.date.accessioned2009-01-29T15:10:59Z-
dc.date.available2009-01-29T15:10:59Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/22915-
dc.description.abstractThe existence of a linear equilibrium in Kyle?s model of market making with multiple, symmetrically informed strategic traders is implied for any number of strategic traders if the joint distribution of the underlying exogenous random variables is elliptical. The reverse implication has been shown for the case in which the random variables are independent and have finite second moments. Here we extend this result to the case in which the underlying random variables are not necessarily independent and their joint distribution is determined by its moments.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseries|aBonn econ discussion papers |x2005,9en_US
dc.subject.jelD82en_US
dc.subject.jelG14en_US
dc.subject.ddc330en_US
dc.subject.keywordMarket Microstructureen_US
dc.subject.keywordKyle Modelen_US
dc.subject.keywordLinear Equilibriaen_US
dc.subject.keywordElliptical Distributionsen_US
dc.subject.stwMikrostrukturanalyseen_US
dc.subject.stwTheorieen_US
dc.subject.stwKyle modelen_US
dc.titleA Characterization of the Distributions That Imply Existence of Linear Equilbria in the Kyle-Modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn487821262en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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