Market Selection and Asymmetric Information
构建了一个包含异质性主体和信息不对称的动态一般均衡资产定价模型，分析了不同信息收集方式如何影响交易者在市场中的生存概率。
We consider a dynamic general equilibrium asset pricing model with heterogeneous agents and asymmetric information. We show how agents' different methods of gathering information affect their chances of survival in the market depending upon the nature of the information and the level of noise in the economy. Copyright 2003, Wiley-Blackwell.