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Estimating financial information asymmetry in real estate transactions in China-an application of two-tier Frontier model
This study applies the two-tier stochastic frontier model to estimate the distribution of
housing transaction information in Hangzhou, Wenzhou, Ningbo, and **hua (four cities in …
housing transaction information in Hangzhou, Wenzhou, Ningbo, and **hua (four cities in …
Estimating the proportion of informed and speculative traders in financial markets: evidence from exchange rate
PC Tsai, CM Tsai - Journal of Economic Interaction and Coordination, 2021 - Springer
Abstract We study the Glosten–Milgrom model and estimate the proportion of informed
traders or speculators using bid–ask spread and price range. The GM model is generalized …
traders or speculators using bid–ask spread and price range. The GM model is generalized …