Details about David Easley

Access statistics for papers by David Easley.

Last updated 2008-03-26. Update your information in the RePEc Author Service.

Short-id: pea15

Working Papers

2002

1. Time-Varying Arrival Rates of Informed and Uninformed Trades
   Finance, EconWPA View citations

2001

2. If You're So Smart, Why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
   Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
   Also in Working Papers, Santa Fe Institute (2001) View citations
   See also Journal Article in Econometrica (2006)

1998

3. Optimality and Natural Selection in Markets
   Working Papers, Santa Fe Institute
   Also in GE, Growth, Math methods, EconWPA (1998)
   See also Journal Article in Journal of Economic Theory (2002)

1995

4. Cream-Skimming or Profit-Sharing? The Curious Role of Purchased Order Flow
   Economics Working Papers, School of Economics and Management, University of Aarhus View citations
   See also Journal Article in Journal of Finance (1996)

1994

5. Liquidity, Information and Infrequently Traded Stock
   Economics Working Papers, School of Economics and Management, University of Aarhus View citations
   See also Journal Article in Journal of Finance (1996)

1993

6. Rational Expectations and Rational Learning
   Game Theory and Information, EconWPA View citations

1982

7. A Theory of Price Formation and Exchange in Oral Auctions
   Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science

1979

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

1978

9. Expectations and Equilibrium with Incomplete Markets
   Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science
10. 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

Undated

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

Journal Articles

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 View citations
   See also Working Paper (2001)
2. Information, trade and incomplete markets
   Economic Theory, 2006, 29, (2), 379-394 View citations

2005

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

2004

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

2002

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

1999

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

1998

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

1997

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

1996

11. Cream-Skimming or Profit-Sharing? The Curious Role of Purchased Order Flow
    Journal of Finance, 1996, 51, (3), 811-33 View citations
    See also Working Paper (1995)
12. Liquidity, Information, and Infrequently Traded Stocks
    Journal of Finance, 1996, 51, (4), 1405-36 View citations
    See also Working Paper (1994)

1994

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

1993

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

1992

16. Evolution and market behavior
    Journal of Economic Theory, 1992, 58, (1), 9-40 View citations
17. Time and the Process of Security Price Adjustment
    Journal of Finance, 1992, 47, (2), 576-605 View citations

1991

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

1990

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

1989

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

1988

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

1987

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

1985

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

1984

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

1983

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

1982

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

1981

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

Chapters

2003

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