Definetley,I wrote it all by myself .
The closer you get to the trading day, the faster the price converges.
Those who reshuffle at the end of each auction to join the bidder know the fundimental price.
That’s why it will lead to a reshuffle of bids in the market
The first step is to clarify the concept of market efficiency. Market efficiency refers to the efficiency of a market in realizing its corresponding functions. Thus market efficiency depends on the ease of transferring ownership of goods or services and the quality of information about transactions. Then cover to the price efficiency is the gradual convergence of market efficiency.
if you still have questions please let me know
The benchmark economy is a bellwether of the market level. Each financial institution, the state according to this standard to determine their own interest rates. The improvement or reduction of the benchmark economy means the increase or decrease of the economic level of the whole society
I think all your questions are included in the story and explanations.storyI put them into the file .
when the market is frequent clearing,the economy is Pareto efficient.In other words, commodity prices can be sustained with sufficient flexibility, so that demand and supply can quickly reach a balanced market. There is no rationing, no idle resources, no oversupply or excess demand.
ABOUT:“how the economic story and market consequence change when all traders do and do not learn the fundamental price of the asset.“
Those who reshuffle at the end of each auction to join the bidder know the fundimental price.At the end of paragraph.
If you can, please list your issues at once. If the reply is not timely, please be patient.
sure.you are the first reader.
Of course, I wrote this because of your question, and if you don\’t show it to others, then only two of us have seen it.
