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| DCフィールド | 値 | 言語 |
|---|---|---|
| dc.contributor.author | Nishide, Katsumasa | en |
| dc.contributor.alternative | 西出, 勝正 | ja |
| dc.date.accessioned | 2007-03-13T08:44:58Z | - |
| dc.date.available | 2007-03-13T08:44:58Z | - |
| dc.date.issued | 2006-09 | - |
| dc.identifier.citation | Katsumasa Nishide. Insider Trading with Imperfectly Competitive Market Makers. 京都大学大学院経済学研究科Working Paper. 85. 2006.09. | - |
| dc.identifier.uri | http://hdl.handle.net/2433/26706 | - |
| dc.description.abstract | We extend a market model of Kyle (1984) to a multi-period mar- ket model in which market makers are imperfectly competitive. When there are only a finite number of market makers who try to maximize their expected profits, Kyle's λ, price sensitivity to the order ow, is higher than that of Kyle (1985), who assumes perfect competition among risk-neutral market makers. We show that in a multi-period setting, the price movement has a negative serial correlation as Roll (1984) and Glosten and Milgrom (1985). | en |
| dc.format.extent | 199652 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | eng | - |
| dc.publisher | 京都大学大学院経済学研究科 | ja |
| dc.publisher.alternative | Graduate School of Economics, Kyoto University | en |
| dc.subject | Kyle's model | en |
| dc.subject | imperfectly competitive market makers | en |
| dc.subject | negative serial correlation | en |
| dc.subject.ndc | 330 | - |
| dc.title | Insider Trading with Imperfectly Competitive Market Makers | en |
| dc.type | research report | - |
| dc.type.niitype | Research Paper | - |
| dc.identifier.jtitle | 京都大学大学院経済学研究科Working Paper | ja |
| dc.identifier.issue | 85 | - |
| dc.textversion | author | - |
| dc.sortkey | 085 | - |
| dcterms.accessRights | open access | - |
| 出現コレクション: | Working Paper (外国語論文) | |
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