Answers are grounded in this paper and cite their sources.
Presents a stylized model of the effect of information on security prices when there is uncertainty regarding the precision of information. Uncertain precision; Rational expectation models; Earnings-returns relation; Nonlinearity.
No takes yet. Share an insight, caveat, or question.
K.R. Subramanyam (1996) studied this question.
Synapse has enriched 5 related papers. Consider them for comparative context: