Noise Trader Risk and the Political Economy of Privatisation
| dc.contributor.author | Grant, Simon | en_US |
| dc.contributor.author | Quiggin, John | en_US |
| dc.date.accessioned | 2002-05-09 | en_US |
| dc.date.accessioned | 2004-05-19T09:41:32Z | en_US |
| dc.date.accessioned | 2011-01-05T08:25:52Z | |
| dc.date.available | 2004-05-19T09:41:32Z | en_US |
| dc.date.available | 2011-01-05T08:25:52Z | |
| dc.date.created | 2001 | en_US |
| dc.date.issued | 2001 | en_US |
| dc.description.abstract | The 'noise trader' model of De Long et al. provides a plausible account of the determination of the equity premium. Extension of the model to allow for privatization of publicly-owned assets yields insights into the positive political economy of privatization and into the normative question of how policies should be evaluated in the presence of mistaken beliefs. | en_US |
| dc.format.extent | 194472 bytes | en_US |
| dc.format.mimetype | application/pdf | en_US |
| dc.identifier.uri | http://hdl.handle.net/1885/40509 | en_US |
| dc.identifier.uri | http://digitalcollections.anu.edu.au/handle/1885/40509 | |
| dc.language.iso | en_AU | en_US |
| dc.subject | equity premium puzzle | en_US |
| dc.subject | noise trader risk | en_US |
| dc.subject | privatization. | en_US |
| dc.title | Noise Trader Risk and the Political Economy of Privatisation | en_US |
| dc.type | Working/Technical Paper | en_US |
| local.citation | Working Papers in Economics and Econometrics No. 395 | en_US |
| local.contributor.affiliation | ANU | en_US |
| local.contributor.affiliation | School of Economics | en_US |
| local.description.refereed | no | en_US |
| local.identifier.citationmonth | apr | en_US |
| local.identifier.citationyear | 2001 | en_US |
| local.identifier.eprintid | 340 | en_US |
| local.rights.ispublished | yes | en_US |
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