Shorting in Speculative Markets

Jose Scheinkman


We will develop a continuous-time model of trading with heterogeneous beliefs, where risk-neutral agents face quadratic costs-of-carry on positions and thus their marginal valuation of the asset decreases with the size of... [ view full abstract ]


TU-PL-A2 » Jose Scheinkman (10:00 - Tuesday, 17th July, Burke Theater - Chairman Dilip Madan)