Single-Period Kyle Model Notes (A Clear Summary of the Kyle 1985 Econometrica Paper)
15 Pages Posted: 30 Aug 2015
Date Written: March 3, 2004
A careful summary of the Kyle (1985) Econometrica model. Also included are some notes that explore properties of the solution. Email the author if you would like the tex code.
Keywords: Kyle 1985; informed vs noise trader; competitive risk-neutral market maker
JEL Classification: G12, G14
Suggested Citation: Suggested Citation