Publications of Rohit Rahi

In this paper we provide a characterisation of the welfare properties of rational expectations equilibria of economies in which, prior to trading...

This paper studies the welfare economics of informed trading in a stock market. We provide a model in which all agents are rational and trade either...

A number of economists have supported the taxation of speculation in financial markets. We examine the welfare economics of such a tax in a model of...

A speculative security is an asset whose payoff depends on a random shock uncorrelated with economic fundamentals (a sunspot) about which some traders...