Title of article :
Asymmetric information and economics
Author/Authors :
B. Roy Frieden، نويسنده , , Raymond J. Hawkins، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2010
Pages :
9
From page :
287
To page :
295
Abstract :
We present an expression of the economic concept of asymmetric information with which it is possible to derive the dynamical laws of an economy. To illustrate the utility of this approach we show how the assumption of optimal information flow leads to a general class of investment strategies including the well-known Q theory of Tobin. Novel consequences of this formalism include a natural definition of market efficiency and an uncertainty principle relating capital stock and investment flow.
Journal title :
Physica A Statistical Mechanics and its Applications
Serial Year :
2010
Journal title :
Physica A Statistical Mechanics and its Applications
Record number :
873452
Link To Document :
بازگشت