Speculation and Equilibrium: Information, Risk, and Markets
The Quarterly Journal of EconomicsPublished 1 November 1975
Jack Hirshleifer
Citations127
SJR quartileQ1
SJR score35.99
SNIP9.32
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Abstract
I. Price risk versus quantity risk, 520. — II. Noninformative equilibrium: simple consumptive gamble, 525. — III. Informative equilibrium: prior-trading optimum and compound consumptive gamble, 529. — IV. Conclusion: determinants of speculative-hedging behavior, 538. — V. Limitations and generalizations, 540.
Keywords
Economics, Econometrics and Finance