Noise Trading, Transaction Costs, and the Relationship of Stock Returns and Trading Volume /
The relationship of stock returns and trading volume is the focus of much recent interest. I examine an economic model of a rational trader who operates in a market with transactions costs and noise trading. The level of trading affects the rational trader's marginal cost of transacting; as a r...
| Autor principal: | |
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1994.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 1994/126 |
| Acesso em linha: | Full text available on IMF |