Browsing FGV EPGE - Escola Brasileira de Economia e Finanças by Title "On uniqueness of equilibrium in the Kyle Model"

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    • On uniqueness of equilibrium in the Kyle Model 

      Mc Lennan, Andrew; Monteiro, P. K.; Tourky, Rabee
      2014-12-27
      A longstanding unresolved question is whether the one-period Kyle Model of an informed trader and a noisily informed market maker has an equilibrium that is different from the closed-form solution derived by Kyle (1985). ...