Private information and sunspots in sequential asset markets

Keyphrases

• Sunspots 100%
• Risky Assets 100%
• Private Information 100%
• Asset Prices 100%
• Asset Markets 100%
• Sunspot Shocks 100%
• Random Walk 50%
• Equilibrium Price 50%
• Asset Returns 50%
• Market Value 50%
• Rational Expectations 50%
• Continuum of Equilibria 50%
• Rational Expectations Equilibrium 50%
• Efficient Markets 50%
• Capital Gains 50%
• Asset Trade 50%
• Return Expectations 50%

Economics, Econometrics and Finance

• Private Information 100%
• Rational Expectation 100%
• Capital Market Returns 50%