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Contributions to Economics

Imperfect Information and Investor Heterogeneity in the Bond Market

Authors: Riedel, Frank

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About this book

Real world investors differ in their tastes and attitudes and they do not have, in general, perfect information about the future prospects of the economy. Most theoretical models, however, assume to the contrary that investors are homogeneous and perfectly informed about the market. In this book, an attempt is made to overcome these shortcomings. In three different case studies, the effect of heterogeneous time preferences, heterogeneous beliefs and imperfect information about the economy's growth on the term structure of interest rates are studied. The initial chapter gives an introduction to the theory of financial markets in continuous time under imperfect information and establishes the existence of an equilibrium with complete markets.

Table of contents (5 chapters)

Table of contents (5 chapters)

Buy this book

eBook $74.99
price for USA in USD
  • ISBN 978-3-642-57663-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $99.00
price for USA in USD
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Bibliographic Information

Bibliographic Information
Book Title
Imperfect Information and Investor Heterogeneity in the Bond Market
Authors
Series Title
Contributions to Economics
Copyright
2000
Publisher
Physica-Verlag Heidelberg
Copyright Holder
Physica-Verlag Heidelberg
eBook ISBN
978-3-642-57663-8
DOI
10.1007/978-3-642-57663-8
Softcover ISBN
978-3-7908-1247-3
Series ISSN
1431-1933
Edition Number
1
Number of Pages
VIII, 118
Topics

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