Abstract
This article reviews static and dynamic models of information aggregation in the literature. It highlights the key assumptions these models make, the results they obtain and the issues that still need to be explored to further our understanding of information aggregation in financial markets.
This article reviews static and dynamic models of information aggregation in the literature. It highlights the key assumptions these models make, the results they obtain and the issues that still need to be explored to further our understanding of information aggregation in financial markets.
Applied Mathematical Finance – Taylor & Francis
Published: Jun 1, 1996
Keywords: rational expectations equilibrium; incomplete markets
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