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dc.contributor.authorNöldeke, Georgen
dc.contributor.authorTröger, Thomasen
dc.date.accessioned2009-01-29T15:10:59Z-
dc.date.available2009-01-29T15:10:59Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aUniversity of Bonn, Bonn Graduate School of Economics (BGSE) |cBonnen
dc.relation.ispartofseries|aBonn Econ Discussion Papers |x9/2005en
dc.subject.jelD82en
dc.subject.jelG14en
dc.subject.ddc330en
dc.subject.keywordMarket Microstructureen
dc.subject.keywordKyle Modelen
dc.subject.keywordLinear Equilibriaen
dc.subject.keywordElliptical Distributionsen
dc.subject.stwMikrostrukturanalyseen
dc.subject.stwTheorieen
dc.subject.stwKyle modelen
dc.titleA Characterization of the Distributions That Imply Existence of Linear Equilbria in the Kyle-Model-
dc.typeWorking Paperen
dc.identifier.ppn487821262en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bonedp:92005-

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