Speculation and Equilibrium: Information, Risk, and Markets

S-Tier

Journal: Quarterly Journal of Economics

Year: 1975

Volume: 89

Issue: 4

Pages: 519-542

Authors (1)

J. Hirshleifer

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

I. Price risk versus quantity risk, 520. — II. Noninformative equilibrium: simple consumptive gamble, 525. — III. Informative equilibrium: prior-trading optimum and compound consumptive gamble, 529. — IV. Conclusion: determinants of speculative-hedging behavior, 538. — V. Limitations and generalizations, 540.

Speculation and Equilibrium: Information, Risk, and Markets

Authors (1)

Abstract

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