On uniqueness of equilibrium in the Kyle Model

Andrew Mc Lennan, Paulo Monteiro and Rabee Tourky
Authors registered in the RePEc Author Service: Andrew McLennan ()

No 761, FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) from EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil)

Abstract: A longstanding unresolved question is whether the one-period Kyle Model of an informed trader and a noisily informed market maker has an equilibrium that is different from the closed-form solution derived by Kyle (1985). This note advances what is known about this open problem.

Date: 2014-12-27
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Citations: View citations in EconPapers (1)

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