Asset Pricing Under Asymmetric Information: Bubbles, Crashes, Technical Analysis, and Herding

The role of information is central to the academic debate on finance. This book provides a detailed, current survey of theoretical research into the effect on stock prices of the distribution of information, comparing and contrasting major models. It examines theoretical models that explain
bubbles, technical analysis, and herding behavior. It also provides rational explanations for stock market crashes. Analyzing the implications of asymmetries in information is crucial in this area. This book provides a useful survey for graduate students.


Author: Markus K. Brunnermeier
Publisher: Oxford University Press, USA
Published: 03/29/2001
Pages: 262
Binding Type: Hardcover
Weight: 1.20lbs
Size: 9.21h x 6.14w x 0.63d
ISBN: 9780198296980

About the Author

Markus K. Brunnermeier is an Assistant Professor in the Department of Economics at Princeton University, where he teaches courses in financial economics. He was previously a member of the Financial Markets Group at the London School of Economics.

This title is not returnable