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Rheinische Friedrich-Wilhelms-Universität Bonn >
Bonn Graduate School of Economics (BGSE), Universität Bonn >
Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/22915
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Nöldeke, Georg | | en_US |
| dc.contributor.author | | Tröger, Thomas | | en_US |
| dc.date.accessioned | | 2009-01-29T15:10:59Z | | - |
| dc.date.available | | 2009-01-29T15:10:59Z | | - |
| dc.date.issued | | 2005 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/22915 | | - |
| dc.description.abstract | | The 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.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | Bonn econ discussion papers 2005,9 | | en_US |
| dc.subject.jel | | D82 | | en_US |
| dc.subject.jel | | G14 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Market Microstructure | | en_US |
| dc.subject.keyword | | Kyle Model | | en_US |
| dc.subject.keyword | | Linear Equilibria | | en_US |
| dc.subject.keyword | | Elliptical Distributions | | en_US |
| dc.subject.stw | | Mikrostrukturanalyse | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.subject.stw | | Kyle model | | en_US |
| dc.title | | A Characterization of the Distributions That Imply Existence of Linear Equilbria in the Kyle-Model | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 487821262 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn
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