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...
| Egile nagusia: | |
|---|---|
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
1994.
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| Saila: | IMF Working Papers; Working Paper ;
No. 1994/126 |
| Sarrera elektronikoa: | Full text available on IMF |