RDP 8707: Asymmetric Information and Bid-Ask Spreads in the Eurocurrency Markets Equation

π=E( Pv|ε>a σ u 2 x i ) =E( ε|ε>a σ u 2 x i ) MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqaHapaCcqGH9aqpcaqGfbWaaeWaaeaacaqGqbGaeyOeI0IaaeODaiaacYhacqaH1oqzcqGH+aGpcaqGHbGaeq4Wdm3aa0baaSqaaiaabwhaaeaacaaIYaaaaOGaaeiEamaaBaaaleaacaqGPbaabeaaaOGaayjkaiaawMcaaaqaaiabg2da9iabgkHiTiaabweadaqadaqaaiabew7aLjaacYhacqaH1oqzcqGH+aGpcaqGHbGaeq4Wdm3aa0baaSqaaiaabwhaaeaacaaIYaaaaOGaaeiEamaaBaaaleaacaqGPbaabeaaaOGaayjkaiaawMcaaaaaaa@586F@