Expectation heterogeneity and price sensitivity

European Economic Review

Volumn 42, Issue 3-5, 1998, Pages 619-629

  Nishimura, Kiyohiko G ^a  

^a UNIVERSITY OF TOKYO   (Japan)

Author keywords

Asset markets; Commodity markets; Imperfect competition; Market integration; Price sensitivity

Indexed keywords

EID: 0345719104     PISSN: 00142921     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0014-2921(97)00119-0     Document Type: Article

References (7)

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2. Aoki, M., 1996. New Approaches to Macroeconomic Modeling: Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field Effects. Cambridge University Press, Cambridge.
3. Nishimura, K.G., 1986. Rational expectations and price rigidity in a monopolistically competitive market. Review of Economic Studies 53, 283-292.
4. Nishimura, K.G., 1992. Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics. Oxford University Press, Oxford.
5. Nishimura, K.G., 1996. Uninformed buyers, market information, and volatility of prices: a theory of asset markets with high transaction costs. Discussion paper. University of Tokyo, Tokyo.
6. Shleifer, A., Summers, L.H., 1990. The noise trader approach to finance. Journal of Economic Perspectives 4 (2), 19-33.
7. Vives, X., 1996. Social learning and rational expectations. European Economic Review 40, 599-611.