Listagem FGV EPGE - Ensaios Econômicos por Título "Preferences, common knowledge and speculative trade"

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    • Preferences, common knowledge and speculative trade 

      Dow, James; Werlang, Sérgio Ribeiro da Costa; Madrigal, Vicente
      1990-01
      We study the proposition that if it is common knowledge that en allocation of assets is ex-ante pareto efficient, there is no further trade generated by new information. The key to this result is that the information ...