Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations

J. Michael Harrison, David M. Kreps

The Quarterly Journal of Economics · 1978 · 1.6K citations · 5 references

Concepts

Abstract

I. Introduction, 323.—II. Formulation, 325.—III. An example, 326.—IV. Consistent price schemes, 328.—V. Back to the example, 332.—VI. Relaxing the assumptions, 333.—VII. Concluding remarks, 334.

References

5