Template-Type: ReDIF-Paper 1.0
Title: Existence of Linear Equilibria in the Kyle Model with Multiple Informed Traders
Author-Name: Georg Nöldeke
Author-Name: Thomas Tröger
Classification-JEL: C62, D82, G14
Keywords: insider trading; Kyle model; linear equilibrium; normal distribution
Abstract: We consider Kyle's market order model of insider trading with multiple informed traders and show: if a linear equilibrium exists for two different numbers of
	informed traders, asset payoff and noise trading are independent and have finite second moments, then these random variables are normally distributed.
Note: 
Length: 8
Creation-Date: 2001-01
Revision-Date: 
File-URL: http://www.wiwi.uni-bonn.de/bgsepapers/bonedp/bgse1_2001.pdf
File-Format: application/pdf
Handle: RePEc:bon:bonedp:bgse1_2001