Information Asymmetries, Volatility, Liquidity, and the Tobin Tax
We develop a tractable model in which trade is generated by asymmetry in agents' information sets. We show that, even if news are not generated by a...
 DP 24
      
      We develop a tractable model in which trade is generated by asymmetry in agents' information sets. We show that, even if news are not generated by a...