Overconfident Spiculation with Imperfect Competition

Jordi Caballe () and József Sákovics

UFAE and IAE Working Papers from Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC)

Abstract: We study the effects of varying the confidence level of speculators and the confidence level attributed to them by their competitors, about the precision of their private information in the framework of the model of financial markets with imperfect competition a la Kyle (1989).

Keywords: SPECULATION; INFORMATION (search for similar items in EconPapers)
JEL-codes: D82 D84 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1996
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:aub:autbar:336.96

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