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...
| Huvudupphovsman: | |
|---|---|
| Materialtyp: | Tidskrift |
| Språk: | English |
| Publicerad: |
Washington, D.C. :
International Monetary Fund,
1994.
|
| Serie: | IMF Working Papers; Working Paper ;
No. 1994/126 |
| Länkar: | Full text available on IMF |