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Details about David Easley

E-mail:
Homepage:http://www.arts.cornell.edu/econ/deasley/
Workplace:Department of Economics, Cornell University, (more information at EDIRC)
Cornell University, Department of Information Science

Access statistics for papers by David Easley.

Last updated 2014-03-10. Update your information in the RePEc Author Service.

Short-id: pea15


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Working Papers

2009

  1. Constructive Decision Theory
    Economics Series, Institute for Advanced Studies Downloads View citations (3)

2002

  1. Time-Varying Arrival Rates of Informed and Uninformed Trades
    Finance, EconWPA Downloads View citations (10)
    See also Journal Article in Journal of Financial Econometrics (2008)

2001

  1. If You're So Smart, Why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads View citations (24)
    Also in Working Papers, Santa Fe Institute (2001) View citations (14)

    See also Journal Article in Econometrica (2006)

1998

  1. Optimality and Natural Selection in Markets
    Working Papers, Santa Fe Institute
    Also in GE, Growth, Math methods, EconWPA (1998) Downloads

    See also Journal Article in Journal of Economic Theory (2002)

1993

  1. Rational Expectations and Rational Learning
    Game Theory and Information, EconWPA Downloads View citations (14)

1983

  1. A Theory of Price Formation and Exchange in Oral Auctions
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science Downloads
    Also in Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science (1981) Downloads

1979

  1. Stochastic Equilibrium and Optimality with Rolling Plans
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science Downloads
    See also Journal Article in International Economic Review (1981)

1978

  1. Expectations and Equilibrium with Incomplete Markets
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science Downloads
  2. Optimal Policies and Steady-State Solutions for Inventory Problems with Markovian Uncertainty
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science Downloads

Undated

  1. Theories of Price Formation and Exchange in Double Oral Auctions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (15)

Journal Articles

2014

  1. Leveling the trading field
    Journal of Financial Markets, 2014, 17, (C), 65-93 Downloads
  2. VPIN and the Flash Crash: A rejoinder
    Journal of Financial Markets, 2014, 17, (C), 47-52 Downloads View citations (2)

2012

  1. Flow Toxicity and Liquidity in a High-frequency World
    Review of Financial Studies, 2012, 25, (5), 1457-1493 Downloads View citations (12)

2011

  1. The characteristics of informed trading: Implications for asset pricing
    Journal of Empirical Finance, 2011, 18, (5), 782-801 Downloads View citations (9)

2010

  1. Factoring Information into Returns
    Journal of Financial and Quantitative Analysis, 2010, 45, (02), 293-309 Downloads View citations (25)
  2. Heterogeneity, Selection, and Wealth Dynamics
    Annual Review of Economics, 2010, 2, (1), 425-450 Downloads View citations (2)
  3. Liquidity and valuation in an uncertain world
    Journal of Financial Economics, 2010, 97, (1), 1-11 Downloads View citations (32)
  4. Microstructure and Ambiguity
    Journal of Finance, 2010, 65, (5), 1817-1846 Downloads View citations (10)

2009

  1. Ambiguity and Nonparticipation: The Role of Regulation
    Review of Financial Studies, 2009, 22, (5), 1817-1843 Downloads View citations (24)
  2. The market organism: Long-run survival in markets with heterogeneous traders
    Journal of Economic Dynamics and Control, 2009, 33, (5), 1023-1035 Downloads View citations (3)
  3. Trading networks with price-setting agents
    Games and Economic Behavior, 2009, 67, (1), 36-50 Downloads View citations (10)

2008

  1. Time-Varying Arrival Rates of Informed and Uninformed Trades
    Journal of Financial Econometrics, 2008, 6, (2), 171-207 Downloads View citations (22)
    See also Working Paper (2002)

2006

  1. If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
    Econometrica, 2006, 74, (4), 929-966 Downloads View citations (29)
    See also Working Paper (2001)
  2. Information, trade and incomplete markets
    Economic Theory, 2006, 29, (2), 379-394 Downloads View citations (9)

2005

  1. Optimal guessing: Choice in complex environments
    Journal of Economic Theory, 2005, 124, (1), 1-21 Downloads View citations (2)

2004

  1. Information and the Cost of Capital
    Journal of Finance, 2004, 59, (4), 1553-1583 Downloads View citations (178)

2002

  1. Is Information Risk a Determinant of Asset Returns?
    Journal of Finance, 2002, 57, (5), 2185-2221 Downloads View citations (219)
  2. Optimality and Natural Selection in Markets
    Journal of Economic Theory, 2002, 107, (1), 95-135 Downloads View citations (14)
    See also Working Paper (1998)

2001

  1. How Stock Splits Affect Trading: A Microstructure Approach
    Journal of Financial and Quantitative Analysis, 2001, 36, (01), 25-51 Downloads View citations (32)

1999

  1. Choice without Beliefs
    Econometrica, 1999, 67, (5), 1157-1184 View citations (14)

1998

  1. Financial analysts and information-based trade
    Journal of Financial Markets, 1998, 1, (2), 175-201 Downloads View citations (46)
  2. Option Volume and Stock Prices: Evidence on Where Informed Traders Trade
    Journal of Finance, 1998, 53, (2), 431-465 Downloads View citations (137)

1997

  1. One Day in the Life of a Very Common Stock
    Review of Financial Studies, 1997, 10, (3), 805-35 View citations (123)

1996

  1. Cream-Skimming or Profit-Sharing? The Curious Role of Purchased Order Flow
    Journal of Finance, 1996, 51, (3), 811-33 Downloads View citations (35)
  2. Liquidity, Information, and Infrequently Traded Stocks
    Journal of Finance, 1996, 51, (4), 1405-36 Downloads View citations (174)

1994

  1. Market Statistics and Technical Analysis: The Role of Volume
    Journal of Finance, 1994, 49, (1), 153-81 Downloads View citations (187)

1993

  1. An Equilibrium Analysis of Fiscal Policy with Uncertainty and Incomplete Markets
    International Economic Review, 1993, 34, (4), 935-52 Downloads View citations (7)
  2. Economic natural selection
    Economics Letters, 1993, 42, (2-3), 281-289 Downloads View citations (6)

1992

  1. Adverse Selection and Large Trade Volume: The Implications for Market Efficiency
    Journal of Financial and Quantitative Analysis, 1992, 27, (02), 185-208 Downloads View citations (18)
  2. Evolution and market behavior
    Journal of Economic Theory, 1992, 58, (1), 9-40 Downloads View citations (134)
  3. Time and the Process of Security Price Adjustment
    Journal of Finance, 1992, 47, (2), 576-605 View citations (305)

1991

  1. Order Form and Information in Securities Markets
    Journal of Finance, 1991, 46, (3), 905-27 Downloads View citations (20)

1990

  1. Implementation of Walrasian expectations equilibria
    Journal of Economic Theory, 1990, 51, (1), 207-227 Downloads View citations (16)

1989

  1. Optimal Learning with Endogenous Data
    International Economic Review, 1989, 30, (4), 963-78 Downloads View citations (6)

1988

  1. Contracts and asymmetric information in the theory of the firm
    Journal of Economic Behavior & Organization, 1988, 9, (3), 229-246 Downloads View citations (1)
  2. Controlling a Stochastic Process with Unknown Parameters
    Econometrica, 1988, 56, (5), 1045-64 Downloads View citations (30)

1987

  1. Price, trade size, and information in securities markets
    Journal of Financial Economics, 1987, 19, (1), 69-90 Downloads View citations (315)

1985

  1. An Equilibrium Analysis of Optimal Unemployment Insurance and Taxation
    The Quarterly Journal of Economics, 1985, 100, (5), 989-1010 Downloads View citations (6)
  2. Preying for Time
    Journal of Industrial Economics, 1985, 33, (4), 445-60 Downloads View citations (2)

1984

  1. Rational expectations equilibrium: An alternative approach
    Journal of Economic Theory, 1984, 34, (1), 116-129 Downloads View citations (9)

1983

  1. Consensus Beliefs Equilibrium and Market Efficiency
    Journal of Finance, 1983, 38, (3), 903-11 Downloads
  2. The Economic Role of the Nonprofit Firm
    Bell Journal of Economics, 1983, 14, (2), 531-538 Downloads View citations (19)

1982

  1. Characterization of optimal plans for stochastic dynamic programs
    Journal of Economic Theory, 1982, 28, (2), 221-234 Downloads View citations (25)
  2. Introduction to the stability of rational expectations equilibrium
    Journal of Economic Theory, 1982, 26, (2), 313-317 Downloads View citations (29)
  3. Learning to be rational
    Journal of Economic Theory, 1982, 26, (2), 340-351 Downloads View citations (35)

1981

  1. Stochastic Equilibrium and Optimality with Rolling Plans
    International Economic Review, 1981, 22, (1), 79-103 Downloads View citations (7)
    See also Working Paper (1979)

1979

  1. The Postal Savings System in the Depression
    The Journal of Economic History, 1979, 39, (03), 741-753 Downloads View citations (7)

Books

2010

  1. Networks, Crowds, and Markets
    Cambridge Books, Cambridge University Press View citations (6)

Chapters

2003

  1. Microstructure and asset pricing
    Chapter 17 in Handbook of the Economics of Finance, 2003, vol. 1, Part 2, pp 1021-1051 Downloads View citations (3)
 
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