id	sid	tid	token	lemma	pos
work_3ehybzpqvbdsjlegtnkdycupja	1	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1	2	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1	3	Contest	Contest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1	5	Short	Short	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1	7	Term	Term	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1	8	Trading∗	trading∗	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1	9	Giovanni	Giovanni	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1	10	Cespa†	cespa†	CD
work_3ehybzpqvbdsjlegtnkdycupja	1	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1	12	Xavier	Xavier	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1	13	Vives‡	Vives‡	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1	14	November	November	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1	15	2014	2014	CD
work_3ehybzpqvbdsjlegtnkdycupja	1	16	Abstract	Abstract	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1	17	Short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1	18	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1	19	termism	termism	NN
work_3ehybzpqvbdsjlegtnkdycupja	1	20	need	nee	MD
work_3ehybzpqvbdsjlegtnkdycupja	1	21	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1	22	breed	breed	VB
work_3ehybzpqvbdsjlegtnkdycupja	1	23	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1	24	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1	25	inefficiency	inefficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	1	26	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	1	27	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1	28	gen-	gen-	RB
work_3ehybzpqvbdsjlegtnkdycupja	1	29	erating	erate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1	30	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1	31	Contests	Contests	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	1	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	2	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	2	2	demonstrate	demonstrate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	2	3	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	2	4	claim	claim	NN
work_3ehybzpqvbdsjlegtnkdycupja	2	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	2	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	2	7	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	2	8	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	2	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	2	10	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	2	11	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	2	12	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	2	13	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	2	14	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	2	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	2	16	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	2	17	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	2	18	averse	averse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	2	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	2	20	privately	privately	RB
work_3ehybzpqvbdsjlegtnkdycupja	2	21	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	2	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	2	23	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	2	24	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	2	25	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	2	26	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	2	27	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	2	28	find	find	VB
work_3ehybzpqvbdsjlegtnkdycupja	2	29	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	2	30	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	2	31	reflect	reflect	VBP
work_3ehybzpqvbdsjlegtnkdycupja	2	32	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	2	33	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	2	34	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	2	35	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	2	36	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	2	37	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	2	38	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	2	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	3	1	Informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	3	2	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	3	3	engage	engage	VBP
work_3ehybzpqvbdsjlegtnkdycupja	3	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	3	5	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	3	6	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	3	7	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	3	8	learning	learn	VBG
work_3ehybzpqvbdsjlegtnkdycupja	3	9	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	3	10	reassess	reassess	NNP
work_3ehybzpqvbdsjlegtnkdycupja	3	11	inferences	inference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	3	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	3	13	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	3	14	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	3	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	3	16	made	make	VBN
work_3ehybzpqvbdsjlegtnkdycupja	3	17	during	during	IN
work_3ehybzpqvbdsjlegtnkdycupja	3	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	3	19	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	3	20	game	game	NN
work_3ehybzpqvbdsjlegtnkdycupja	3	21	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	3	22	early	early	JJ
work_3ehybzpqvbdsjlegtnkdycupja	3	23	stages	stage	NNS
work_3ehybzpqvbdsjlegtnkdycupja	3	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	4	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	4	2	behavior	behavior	NN
work_3ehybzpqvbdsjlegtnkdycupja	4	3	introduces	introduce	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	4	4	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	4	5	complementarities	complementarity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	4	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	4	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	4	8	use	use	NN
work_3ehybzpqvbdsjlegtnkdycupja	4	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	4	10	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	4	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	4	12	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	4	13	yield	yield	VB
work_3ehybzpqvbdsjlegtnkdycupja	4	14	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	4	15	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	4	16	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	4	17	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	4	18	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	4	19	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	4	20	ranked	rank	VBN
work_3ehybzpqvbdsjlegtnkdycupja	4	21	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	4	22	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	4	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	4	24	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	4	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	4	26	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	4	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	4	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	4	29	informa-	informa-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	4	30	tional	tional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	4	31	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	4	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	5	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	5	2	derive	derive	VBP
work_3ehybzpqvbdsjlegtnkdycupja	5	3	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	5	4	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	5	5	explain	explain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	5	6	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	5	7	anomalies	anomaly	NNS
work_3ehybzpqvbdsjlegtnkdycupja	5	8	as	as	RB
work_3ehybzpqvbdsjlegtnkdycupja	5	9	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	5	10	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	5	11	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	5	12	regularities	regularity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	5	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	6	1	Keywords	keyword	NNS
work_3ehybzpqvbdsjlegtnkdycupja	6	2	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	6	3	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	6	4	speculation	speculation	NN
work_3ehybzpqvbdsjlegtnkdycupja	6	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	6	6	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	6	7	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	6	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	6	9	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	6	10	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	6	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	6	12	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	6	13	informa-	informa-	NN
work_3ehybzpqvbdsjlegtnkdycupja	6	14	tion	tion	NN
work_3ehybzpqvbdsjlegtnkdycupja	6	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	6	16	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	6	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	6	18	reversal	reversal	NN
work_3ehybzpqvbdsjlegtnkdycupja	6	19	JEL	JEL	NNP
work_3ehybzpqvbdsjlegtnkdycupja	6	20	Classification	Classification	NNP
work_3ehybzpqvbdsjlegtnkdycupja	6	21	numbers	number	NNS
work_3ehybzpqvbdsjlegtnkdycupja	6	22	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	6	23	G10	G10	NNP
work_3ehybzpqvbdsjlegtnkdycupja	6	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	6	25	G12	G12	NNP
work_3ehybzpqvbdsjlegtnkdycupja	6	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	6	27	G14	G14	NNP
work_3ehybzpqvbdsjlegtnkdycupja	6	28	∗A	∗A	NNP
work_3ehybzpqvbdsjlegtnkdycupja	6	29	previous	previous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	6	30	version	version	NN
work_3ehybzpqvbdsjlegtnkdycupja	6	31	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	6	32	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	6	33	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	6	34	was	be	VBD
work_3ehybzpqvbdsjlegtnkdycupja	6	35	circulated	circulate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	6	36	under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	6	37	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	6	38	title	title	NN
work_3ehybzpqvbdsjlegtnkdycupja	6	39	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	6	40	Expectations	Expectations	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	6	41	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	6	42	Liquidity	Liquidity	NNP
work_3ehybzpqvbdsjlegtnkdycupja	6	43	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	6	44	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	6	45	Short-	Short-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	6	46	Term	Term	NNP
work_3ehybzpqvbdsjlegtnkdycupja	6	47	Trading	Trading	NNP
work_3ehybzpqvbdsjlegtnkdycupja	6	48	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	6	49	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	7	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	7	2	helpful	helpful	JJ
work_3ehybzpqvbdsjlegtnkdycupja	7	3	comments	comment	NNS
work_3ehybzpqvbdsjlegtnkdycupja	7	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	7	5	thank	thank	VBP
work_3ehybzpqvbdsjlegtnkdycupja	7	6	Elias	Elias	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	7	Albagli	Albagli	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	9	Max	Max	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	10	Bruche	Bruche	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	12	Giacinta	Giacinta	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	13	Cestone	Cestone	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	15	Hans	Hans	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	16	Degryse	Degryse	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	18	Marcelo	Marcelo	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	19	Fernandes	Fernandes	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	21	Itay	Itay	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	22	Goldstein	Goldstein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	24	Peter	Peter	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	25	Hoffmann	Hoffmann	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	27	Harrison	Harrison	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	28	Hong	Hong	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	29	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	30	Peter	Peter	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	31	Kondor	Kondor	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	33	Jean-	Jean-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	34	Paul	Paul	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	35	Laurent	Laurent	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	37	Olivier	Olivier	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	38	Loisel	Loisel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	40	Stephen	Stephen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	41	Morris	Morris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	42	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	43	Richard	Richard	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	44	Payne	Payne	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	45	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	46	Ioanid	Ioanid	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	47	Roşu	Roşu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	48	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	49	Kristien	Kristien	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	50	Smedts	Smedts	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	51	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	52	Gunther	Gunther	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	53	Wuyts	Wuyts	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	54	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	55	Lian	Lian	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	56	Yang	Yang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	57	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	58	Kathy	Kathy	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	59	Yuan	Yuan	NNP
work_3ehybzpqvbdsjlegtnkdycupja	7	60	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	7	61	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	7	62	participants	participant	NNS
work_3ehybzpqvbdsjlegtnkdycupja	7	63	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	7	64	numerous	numerous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	7	65	seminars	seminar	NNS
work_3ehybzpqvbdsjlegtnkdycupja	7	66	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	7	67	conferences	conference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	7	68	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	8	1	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	8	2	acknowl-	acknowl-	NN
work_3ehybzpqvbdsjlegtnkdycupja	8	3	edges	edge	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	8	4	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	8	5	support	support	NN
work_3ehybzpqvbdsjlegtnkdycupja	8	6	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	8	7	ESRC	ESRC	NNP
work_3ehybzpqvbdsjlegtnkdycupja	8	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	8	9	grant	grant	VB
work_3ehybzpqvbdsjlegtnkdycupja	8	10	no	no	UH
work_3ehybzpqvbdsjlegtnkdycupja	8	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	9	1	ES	ES	NNP
work_3ehybzpqvbdsjlegtnkdycupja	9	2	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	9	3	J00250X/1	J00250X/1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	9	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	9	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	10	1	Vives	vive	NNS
work_3ehybzpqvbdsjlegtnkdycupja	10	2	acknowledges	acknowledge	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	10	3	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	10	4	support	support	NN
work_3ehybzpqvbdsjlegtnkdycupja	10	5	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	10	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	10	7	European	European	NNP
work_3ehybzpqvbdsjlegtnkdycupja	10	8	Research	Research	NNP
work_3ehybzpqvbdsjlegtnkdycupja	10	9	Council	Council	NNP
work_3ehybzpqvbdsjlegtnkdycupja	10	10	under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	10	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	10	12	Advanced	Advanced	NNP
work_3ehybzpqvbdsjlegtnkdycupja	10	13	Grant	Grant	NNP
work_3ehybzpqvbdsjlegtnkdycupja	10	14	project	project	NN
work_3ehybzpqvbdsjlegtnkdycupja	10	15	Information	Information	NNP
work_3ehybzpqvbdsjlegtnkdycupja	10	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	10	17	Competition	Competition	NNP
work_3ehybzpqvbdsjlegtnkdycupja	10	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	10	19	no	no	UH
work_3ehybzpqvbdsjlegtnkdycupja	10	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	11	1	230254	230254	CD
work_3ehybzpqvbdsjlegtnkdycupja	11	2	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	11	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	11	4	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	11	5	project	project	NN
work_3ehybzpqvbdsjlegtnkdycupja	11	6	ECO2011	ECO2011	NNP
work_3ehybzpqvbdsjlegtnkdycupja	11	7	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	11	8	29533	29533	CD
work_3ehybzpqvbdsjlegtnkdycupja	11	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	11	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	11	11	Spanish	Spanish	NNP
work_3ehybzpqvbdsjlegtnkdycupja	11	12	Ministry	Ministry	NNP
work_3ehybzpqvbdsjlegtnkdycupja	11	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	11	14	Science	Science	NNP
work_3ehybzpqvbdsjlegtnkdycupja	11	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	11	16	Innovation	Innovation	NNP
work_3ehybzpqvbdsjlegtnkdycupja	11	17	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	11	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	11	19	Public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	11	20	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	11	21	Private	Private	NNP
work_3ehybzpqvbdsjlegtnkdycupja	11	22	Sector	Sector	NNP
work_3ehybzpqvbdsjlegtnkdycupja	11	23	Research	Research	NNP
work_3ehybzpqvbdsjlegtnkdycupja	11	24	Center	Center	NNP
work_3ehybzpqvbdsjlegtnkdycupja	11	25	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	11	26	IESE	IESE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	11	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	12	1	†Cass	†Cass	NNP
work_3ehybzpqvbdsjlegtnkdycupja	12	2	Business	Business	NNP
work_3ehybzpqvbdsjlegtnkdycupja	12	3	School	School	NNP
work_3ehybzpqvbdsjlegtnkdycupja	12	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	12	5	City	City	NNP
work_3ehybzpqvbdsjlegtnkdycupja	12	6	University	University	NNP
work_3ehybzpqvbdsjlegtnkdycupja	12	7	London	London	NNP
work_3ehybzpqvbdsjlegtnkdycupja	12	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	12	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	12	10	CEPR	CEPR	NNP
work_3ehybzpqvbdsjlegtnkdycupja	12	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	13	1	106	106	CD
work_3ehybzpqvbdsjlegtnkdycupja	13	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	13	3	Bunhill	Bunhill	NNP
work_3ehybzpqvbdsjlegtnkdycupja	13	4	Row	Row	NNP
work_3ehybzpqvbdsjlegtnkdycupja	13	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	13	6	London	London	NNP
work_3ehybzpqvbdsjlegtnkdycupja	13	7	EC1Y	EC1Y	NNP
work_3ehybzpqvbdsjlegtnkdycupja	13	8	8TZ	8TZ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	13	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	13	10	UK	UK	NNP
work_3ehybzpqvbdsjlegtnkdycupja	13	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	14	1	e	e	LS
work_3ehybzpqvbdsjlegtnkdycupja	14	2	-	-	NN
work_3ehybzpqvbdsjlegtnkdycupja	14	3	mail	mail	NN
work_3ehybzpqvbdsjlegtnkdycupja	14	4	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	14	5	giovanni.cespa@gmail.com	giovanni.cespa@gmail.com	ADD
work_3ehybzpqvbdsjlegtnkdycupja	14	6	‡IESE	‡iese	CD
work_3ehybzpqvbdsjlegtnkdycupja	14	7	Business	Business	NNP
work_3ehybzpqvbdsjlegtnkdycupja	14	8	School	School	NNP
work_3ehybzpqvbdsjlegtnkdycupja	14	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	14	10	Avinguda	Avinguda	NNP
work_3ehybzpqvbdsjlegtnkdycupja	14	11	Pearson	Pearson	NNP
work_3ehybzpqvbdsjlegtnkdycupja	14	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	14	13	21	21	CD
work_3ehybzpqvbdsjlegtnkdycupja	14	14	08034	08034	CD
work_3ehybzpqvbdsjlegtnkdycupja	14	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	14	16	Barcelona	Barcelona	NNP
work_3ehybzpqvbdsjlegtnkdycupja	14	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	14	18	Spain	Spain	NNP
work_3ehybzpqvbdsjlegtnkdycupja	14	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	15	1	1	1	LS
work_3ehybzpqvbdsjlegtnkdycupja	15	2	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	15	3	might	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	15	4	have	have	VB
work_3ehybzpqvbdsjlegtnkdycupja	15	5	been	be	VBN
work_3ehybzpqvbdsjlegtnkdycupja	15	6	supposed	suppose	VBN
work_3ehybzpqvbdsjlegtnkdycupja	15	7	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	15	8	competition	competition	NN
work_3ehybzpqvbdsjlegtnkdycupja	15	9	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	15	10	expert	expert	NN
work_3ehybzpqvbdsjlegtnkdycupja	15	11	profession-	profession-	FW
work_3ehybzpqvbdsjlegtnkdycupja	15	12	als	als	FW
work_3ehybzpqvbdsjlegtnkdycupja	15	13	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	15	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	16	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	17	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	17	2	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	18	1	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	18	2	correct	correct	VB
work_3ehybzpqvbdsjlegtnkdycupja	18	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	18	4	vagaries	vagary	NNS
work_3ehybzpqvbdsjlegtnkdycupja	18	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	18	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	18	7	ignorant	ignorant	JJ
work_3ehybzpqvbdsjlegtnkdycupja	18	8	individual	individual	NN
work_3ehybzpqvbdsjlegtnkdycupja	18	9	left	leave	VBD
work_3ehybzpqvbdsjlegtnkdycupja	18	10	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	18	11	himself	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	18	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	19	1	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	19	2	happens	happen	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	19	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	19	4	however	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	19	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	19	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	19	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	19	8	energies	energy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	19	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	19	10	skill	skill	NN
work_3ehybzpqvbdsjlegtnkdycupja	19	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	19	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	19	13	professional	professional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	19	14	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	19	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	19	16	speculator	speculator	NN
work_3ehybzpqvbdsjlegtnkdycupja	19	17	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	19	18	mainly	mainly	RB
work_3ehybzpqvbdsjlegtnkdycupja	19	19	occupied	occupy	VBN
work_3ehybzpqvbdsjlegtnkdycupja	19	20	otherwise	otherwise	RB
work_3ehybzpqvbdsjlegtnkdycupja	19	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	20	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	20	2	most	most	JJS
work_3ehybzpqvbdsjlegtnkdycupja	20	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	20	4	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	20	5	persons	person	NNS
work_3ehybzpqvbdsjlegtnkdycupja	20	6	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	20	7	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	20	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	21	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	22	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	22	2	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	23	1	largely	largely	RB
work_3ehybzpqvbdsjlegtnkdycupja	23	2	concerned	concerned	JJ
work_3ehybzpqvbdsjlegtnkdycupja	23	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	23	4	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	23	5	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	23	6	making	make	VBG
work_3ehybzpqvbdsjlegtnkdycupja	23	7	superior	superior	JJ
work_3ehybzpqvbdsjlegtnkdycupja	23	8	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	23	9	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	23	10	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	23	11	forecasts	forecast	NNS
work_3ehybzpqvbdsjlegtnkdycupja	23	12	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	23	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	24	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	25	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	25	2	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	26	1	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	26	2	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	26	3	foreseeing	foresee	VBG
work_3ehybzpqvbdsjlegtnkdycupja	26	4	changes	change	NNS
work_3ehybzpqvbdsjlegtnkdycupja	26	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	26	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	26	7	conventional	conventional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	26	8	basis	basis	NN
work_3ehybzpqvbdsjlegtnkdycupja	26	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	26	10	valuation	valuation	NN
work_3ehybzpqvbdsjlegtnkdycupja	26	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	26	12	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	26	13	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	26	14	ahead	ahead	RB
work_3ehybzpqvbdsjlegtnkdycupja	26	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	26	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	26	17	general	general	JJ
work_3ehybzpqvbdsjlegtnkdycupja	26	18	public	public	NN
work_3ehybzpqvbdsjlegtnkdycupja	26	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	27	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	27	2	Keynes	Keynes	NNP
work_3ehybzpqvbdsjlegtnkdycupja	27	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	27	4	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	27	5	General	General	NNP
work_3ehybzpqvbdsjlegtnkdycupja	27	6	Theory	Theory	NNP
work_3ehybzpqvbdsjlegtnkdycupja	27	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	27	8	Employment	Employment	NNP
work_3ehybzpqvbdsjlegtnkdycupja	27	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	27	10	Interest	Interest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	27	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	27	12	Money	money	NN
work_3ehybzpqvbdsjlegtnkdycupja	27	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	27	14	1936	1936	CD
work_3ehybzpqvbdsjlegtnkdycupja	27	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	27	16	Does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	27	17	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	27	18	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	27	19	termism	termism	NN
work_3ehybzpqvbdsjlegtnkdycupja	27	20	breed	breed	VBP
work_3ehybzpqvbdsjlegtnkdycupja	27	21	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	27	22	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	27	23	inefficiency	inefficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	27	24	?	?	.
work_3ehybzpqvbdsjlegtnkdycupja	28	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	28	2	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	28	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	28	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	28	5	need	nee	MD
work_3ehybzpqvbdsjlegtnkdycupja	28	6	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	28	7	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	28	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	28	9	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	28	10	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	28	11	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	28	12	though	though	IN
work_3ehybzpqvbdsjlegtnkdycupja	28	13	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	28	14	Contests	Contests	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	28	15	arise	arise	VBP
work_3ehybzpqvbdsjlegtnkdycupja	28	16	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	28	17	provided	provide	VBN
work_3ehybzpqvbdsjlegtnkdycupja	28	18	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	28	19	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	28	20	shocks	shock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	28	21	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	28	22	per-	per-	RB
work_3ehybzpqvbdsjlegtnkdycupja	28	23	sistent	sistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	28	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	29	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	29	2	examine	examine	VBP
work_3ehybzpqvbdsjlegtnkdycupja	29	3	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	29	4	question	question	NN
work_3ehybzpqvbdsjlegtnkdycupja	29	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	29	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	29	7	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	29	8	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	29	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	29	10	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	29	11	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	29	12	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	29	13	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	29	14	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	29	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	29	16	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	29	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	29	18	competitive	competitive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	29	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	29	20	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	29	21	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	29	22	averse	averse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	29	23	agents	agent	NNS
work_3ehybzpqvbdsjlegtnkdycupja	29	24	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	29	25	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	29	26	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	29	27	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	29	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	29	29	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	29	30	accommodate	accommodate	VB
work_3ehybzpqvbdsjlegtnkdycupja	29	31	liquid-	liquid-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	29	32	ity	ity	NN
work_3ehybzpqvbdsjlegtnkdycupja	29	33	supply	supply	NN
work_3ehybzpqvbdsjlegtnkdycupja	29	34	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	29	35	facing	face	VBG
work_3ehybzpqvbdsjlegtnkdycupja	29	36	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	29	37	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	29	38	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	29	39	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	29	40	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	29	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	30	1	Traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	30	2	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	30	3	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	30	4	myopia	myopia	NNP
work_3ehybzpqvbdsjlegtnkdycupja	30	5	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	30	6	ranks	rank	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	30	7	high	high	RB
work_3ehybzpqvbdsjlegtnkdycupja	30	8	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	30	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	30	10	regulatory	regulatory	JJ
work_3ehybzpqvbdsjlegtnkdycupja	30	11	agenda	agenda	NN
work_3ehybzpqvbdsjlegtnkdycupja	30	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	30	13	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	30	14	testifies	testify	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	30	15	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	30	16	policy	policy	NN
work_3ehybzpqvbdsjlegtnkdycupja	30	17	mak-	mak-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	30	18	ers	ers	NNP
work_3ehybzpqvbdsjlegtnkdycupja	30	19	’	'	''
work_3ehybzpqvbdsjlegtnkdycupja	30	20	concern	concern	NN
work_3ehybzpqvbdsjlegtnkdycupja	30	21	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	30	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	30	23	possibly	possibly	RB
work_3ehybzpqvbdsjlegtnkdycupja	30	24	detrimental	detrimental	JJ
work_3ehybzpqvbdsjlegtnkdycupja	30	25	effects	effect	NNS
work_3ehybzpqvbdsjlegtnkdycupja	30	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	30	27	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	30	28	myopia	myopia	NN
work_3ehybzpqvbdsjlegtnkdycupja	30	29	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	30	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	30	31	market.1	market.1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	30	32	Debate	debate	NN
work_3ehybzpqvbdsjlegtnkdycupja	30	33	over	over	IN
work_3ehybzpqvbdsjlegtnkdycupja	30	34	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	30	35	issue	issue	NN
work_3ehybzpqvbdsjlegtnkdycupja	30	36	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	30	37	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	30	38	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	30	39	tradition	tradition	NN
work_3ehybzpqvbdsjlegtnkdycupja	30	40	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	30	41	economic	economic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	30	42	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	30	43	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	31	1	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	31	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	31	3	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	31	4	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	31	5	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	31	6	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	31	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	31	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	31	9	very	very	JJ
work_3ehybzpqvbdsjlegtnkdycupja	31	10	basis	basis	NN
work_3ehybzpqvbdsjlegtnkdycupja	31	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	31	12	Keynes	Keynes	NNP
work_3ehybzpqvbdsjlegtnkdycupja	31	13	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	31	14	dismal	dismal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	31	15	view	view	NN
work_3ehybzpqvbdsjlegtnkdycupja	31	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	31	17	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	31	18	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	31	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	32	1	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	32	2	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	32	3	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	32	4	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	32	5	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	32	6	Contest	Contest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	32	7	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	32	8	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	32	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	32	10	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	32	11	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	32	12	investment	investment	NN
work_3ehybzpqvbdsjlegtnkdycupja	32	13	decisions	decision	NNS
work_3ehybzpqvbdsjlegtnkdycupja	32	14	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	32	15	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	32	16	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	32	17	anticipation	anticipation	NN
work_3ehybzpqvbdsjlegtnkdycupja	32	18	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	32	19	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	32	20	peers	peer	NNS
work_3ehybzpqvbdsjlegtnkdycupja	32	21	’	'	''
work_3ehybzpqvbdsjlegtnkdycupja	32	22	changing	change	VBG
work_3ehybzpqvbdsjlegtnkdycupja	32	23	whims	whim	NNS
work_3ehybzpqvbdsjlegtnkdycupja	32	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	32	25	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	32	26	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	32	27	actual	actual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	32	28	knowledge	knowledge	NN
work_3ehybzpqvbdsjlegtnkdycupja	32	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	32	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	32	31	companies	company	NNS
work_3ehybzpqvbdsjlegtnkdycupja	32	32	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	32	33	trade	trade	VBP
work_3ehybzpqvbdsjlegtnkdycupja	32	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	33	1	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	33	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	33	3	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	33	5	competition	competition	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	6	among	among	IN
work_3ehybzpqvbdsjlegtnkdycupja	33	7	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	33	8	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	33	9	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	33	10	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	33	11	necessarily	necessarily	RB
work_3ehybzpqvbdsjlegtnkdycupja	33	12	counteract	counteract	VB
work_3ehybzpqvbdsjlegtnkdycupja	33	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	33	14	actions	action	NNS
work_3ehybzpqvbdsjlegtnkdycupja	33	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	33	16	unin-	unin-	FW
work_3ehybzpqvbdsjlegtnkdycupja	33	17	formed	form	VBN
work_3ehybzpqvbdsjlegtnkdycupja	33	18	traders.2	traders.2	JJ
work_3ehybzpqvbdsjlegtnkdycupja	33	19	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	33	20	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	33	21	been	be	VBN
work_3ehybzpqvbdsjlegtnkdycupja	33	22	claimed	claim	VBN
work_3ehybzpqvbdsjlegtnkdycupja	33	23	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	33	24	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	33	25	type	type	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	33	27	behavior	behavior	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	28	introduces	introduce	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	33	29	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	33	30	particular	particular	JJ
work_3ehybzpqvbdsjlegtnkdycupja	33	31	form	form	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	32	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	33	33	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	33	34	inefficiency	inefficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	35	whereby	whereby	WRB
work_3ehybzpqvbdsjlegtnkdycupja	33	36	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	33	37	tend	tend	VBP
work_3ehybzpqvbdsjlegtnkdycupja	33	38	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	33	39	put	put	VB
work_3ehybzpqvbdsjlegtnkdycupja	33	40	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	33	41	disproportionately	disproportionately	RB
work_3ehybzpqvbdsjlegtnkdycupja	33	42	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	33	43	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	44	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	33	45	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	33	46	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	47	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	33	48	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	33	49	forecast	forecast	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	50	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	33	51	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	52	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	33	53	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	33	54	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	33	55	Allen	Allen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	33	56	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	33	57	Morris	Morris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	33	58	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	33	59	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	33	60	Shin	Shin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	33	61	1While	1While	NNP
work_3ehybzpqvbdsjlegtnkdycupja	33	62	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	33	63	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	64	presence	presence	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	65	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	33	66	traditionally	traditionally	RB
work_3ehybzpqvbdsjlegtnkdycupja	33	67	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	33	68	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	33	69	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	70	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	33	71	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	33	72	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	33	73	institutions	institution	NNS
work_3ehybzpqvbdsjlegtnkdycupja	33	74	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	33	75	steadily	steadily	RB
work_3ehybzpqvbdsjlegtnkdycupja	33	76	increased	increase	VBN
work_3ehybzpqvbdsjlegtnkdycupja	33	77	during	during	IN
work_3ehybzpqvbdsjlegtnkdycupja	33	78	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	33	79	last	last	JJ
work_3ehybzpqvbdsjlegtnkdycupja	33	80	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	33	81	decades	decade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	33	82	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	33	83	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	33	84	holding	hold	VBG
work_3ehybzpqvbdsjlegtnkdycupja	33	85	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	86	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	33	87	decreased	decrease	VBN
work_3ehybzpqvbdsjlegtnkdycupja	33	88	substantially	substantially	RB
work_3ehybzpqvbdsjlegtnkdycupja	33	89	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	33	90	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	33	91	OECD	OECD	NNP
work_3ehybzpqvbdsjlegtnkdycupja	33	92	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	33	93	http	http	NNS
work_3ehybzpqvbdsjlegtnkdycupja	33	94	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	33	95	//www.oecd.org	//www.oecd.org	.
work_3ehybzpqvbdsjlegtnkdycupja	33	96	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	33	97	daf	daf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	33	98	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	33	99	fin	fin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	33	100	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	33	101	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	33	102	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	33	103	markets/48616812.pdf	markets/48616812.pdf	NN
work_3ehybzpqvbdsjlegtnkdycupja	33	104	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	33	105	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	34	1	Haldane	Haldane	NNP
work_3ehybzpqvbdsjlegtnkdycupja	34	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	34	3	Davies	davy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	34	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	34	5	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	34	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	34	7	examine	examine	VB
work_3ehybzpqvbdsjlegtnkdycupja	34	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	34	9	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	34	10	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	34	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	34	12	UK-	UK-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	34	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	34	14	US	US	NNP
work_3ehybzpqvbdsjlegtnkdycupja	34	15	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	34	16	listed	list	VBN
work_3ehybzpqvbdsjlegtnkdycupja	34	17	companies	company	NNS
work_3ehybzpqvbdsjlegtnkdycupja	34	18	over	over	IN
work_3ehybzpqvbdsjlegtnkdycupja	34	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	34	20	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	34	21	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	34	22	1980	1980	CD
work_3ehybzpqvbdsjlegtnkdycupja	34	23	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	34	24	2009	2009	CD
work_3ehybzpqvbdsjlegtnkdycupja	34	25	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	34	26	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	34	27	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	34	28	compelling	compelling	JJ
work_3ehybzpqvbdsjlegtnkdycupja	34	29	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	34	30	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	34	31	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	34	32	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	34	33	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	34	34	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	34	35	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	34	36	bias	bias	NN
work_3ehybzpqvbdsjlegtnkdycupja	34	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	34	38	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	34	39	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	34	40	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	34	41	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	34	42	pronounced	pronounced	JJ
work_3ehybzpqvbdsjlegtnkdycupja	34	43	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	34	44	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	34	45	last	last	JJ
work_3ehybzpqvbdsjlegtnkdycupja	34	46	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	34	47	years	year	NNS
work_3ehybzpqvbdsjlegtnkdycupja	34	48	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	34	49	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	34	50	sample	sample	NN
work_3ehybzpqvbdsjlegtnkdycupja	34	51	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	35	1	2“Or	2“Or	NNP
work_3ehybzpqvbdsjlegtnkdycupja	35	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	35	3	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	35	4	change	change	VB
work_3ehybzpqvbdsjlegtnkdycupja	35	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	6	metaphor	metaphor	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	7	slightly	slightly	RB
work_3ehybzpqvbdsjlegtnkdycupja	35	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	35	9	professional	professional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	35	10	investment	investment	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	11	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	35	12	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	35	13	likened	liken	VBN
work_3ehybzpqvbdsjlegtnkdycupja	35	14	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	15	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	16	newspaper	newspaper	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	17	competitions	competition	NNS
work_3ehybzpqvbdsjlegtnkdycupja	35	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	19	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	35	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	21	competitors	competitor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	35	22	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	35	23	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	35	24	pick	pick	VB
work_3ehybzpqvbdsjlegtnkdycupja	35	25	out	out	RP
work_3ehybzpqvbdsjlegtnkdycupja	35	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	27	six	six	CD
work_3ehybzpqvbdsjlegtnkdycupja	35	28	prettiest	prettiest	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	29	faces	face	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	35	30	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	31	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	32	hundred	hundred	CD
work_3ehybzpqvbdsjlegtnkdycupja	35	33	photographs	photograph	NNS
work_3ehybzpqvbdsjlegtnkdycupja	35	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	35	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	36	prize	prize	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	37	being	be	VBG
work_3ehybzpqvbdsjlegtnkdycupja	35	38	awarded	award	VBN
work_3ehybzpqvbdsjlegtnkdycupja	35	39	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	40	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	41	competitor	competitor	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	42	whose	whose	WP$
work_3ehybzpqvbdsjlegtnkdycupja	35	43	choice	choice	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	44	most	most	RBS
work_3ehybzpqvbdsjlegtnkdycupja	35	45	nearly	nearly	RB
work_3ehybzpqvbdsjlegtnkdycupja	35	46	corresponds	correspond	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	35	47	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	48	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	49	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	35	50	pref-	pref-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	35	51	erences	erence	NNS
work_3ehybzpqvbdsjlegtnkdycupja	35	52	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	53	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	54	competitors	competitor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	35	55	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	56	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	57	whole	whole	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	58	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	35	59	so	so	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	60	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	61	each	each	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	62	competitor	competitor	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	63	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	35	64	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	35	65	pick	pick	VB
work_3ehybzpqvbdsjlegtnkdycupja	35	66	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	35	67	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	35	68	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	69	faces	face	NNS
work_3ehybzpqvbdsjlegtnkdycupja	35	70	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	35	71	he	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	35	72	himself	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	35	73	finds	find	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	35	74	prettiest	prettiest	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	75	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	35	76	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	35	77	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	78	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	35	79	he	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	35	80	thinks	think	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	35	81	likeliest	likeli	JJS
work_3ehybzpqvbdsjlegtnkdycupja	35	82	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	35	83	catch	catch	VB
work_3ehybzpqvbdsjlegtnkdycupja	35	84	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	85	fancy	fancy	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	86	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	87	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	88	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	35	89	competitors	competitor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	35	90	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	35	91	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	92	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	93	whom	whom	WP
work_3ehybzpqvbdsjlegtnkdycupja	35	94	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	35	95	looking	look	VBG
work_3ehybzpqvbdsjlegtnkdycupja	35	96	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	97	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	98	problem	problem	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	99	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	100	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	35	101	same	same	JJ
work_3ehybzpqvbdsjlegtnkdycupja	35	102	point	point	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	103	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	35	104	view	view	NN
work_3ehybzpqvbdsjlegtnkdycupja	35	105	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	36	1	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	36	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	36	3	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	36	4	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	36	5	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	36	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	36	7	choosing	choose	VBG
work_3ehybzpqvbdsjlegtnkdycupja	36	8	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	36	9	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	36	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	36	11	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	36	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	36	13	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	36	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	36	15	one	one	NN
work_3ehybzpqvbdsjlegtnkdycupja	36	16	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	36	17	judgment	judgment	NN
work_3ehybzpqvbdsjlegtnkdycupja	36	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	36	19	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	36	20	really	really	RB
work_3ehybzpqvbdsjlegtnkdycupja	36	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	36	22	prettiest	prettiest	NN
work_3ehybzpqvbdsjlegtnkdycupja	36	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	36	24	nor	nor	CC
work_3ehybzpqvbdsjlegtnkdycupja	36	25	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	36	26	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	36	27	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	36	28	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	36	29	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	36	30	genuinely	genuinely	RB
work_3ehybzpqvbdsjlegtnkdycupja	36	31	thinks	think	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	36	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	36	33	prettiest	prettiest	NN
work_3ehybzpqvbdsjlegtnkdycupja	36	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	37	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	37	2	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	37	3	reached	reach	VBN
work_3ehybzpqvbdsjlegtnkdycupja	37	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	37	5	third	third	JJ
work_3ehybzpqvbdsjlegtnkdycupja	37	6	degree	degree	NN
work_3ehybzpqvbdsjlegtnkdycupja	37	7	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	37	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	37	9	devote	devote	VBP
work_3ehybzpqvbdsjlegtnkdycupja	37	10	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	37	11	intelligences	intelligence	NNS
work_3ehybzpqvbdsjlegtnkdycupja	37	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	37	13	anticipating	anticipate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	37	14	what	what	WP
work_3ehybzpqvbdsjlegtnkdycupja	37	15	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	37	16	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	37	17	expects	expect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	37	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	37	19	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	37	20	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	37	21	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	37	22	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	37	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	38	1	And	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	38	2	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	38	3	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	38	4	some	some	DT
work_3ehybzpqvbdsjlegtnkdycupja	38	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	38	6	I	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	38	7	believe	believe	VBP
work_3ehybzpqvbdsjlegtnkdycupja	38	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	38	9	who	who	WP
work_3ehybzpqvbdsjlegtnkdycupja	38	10	practise	practise	VBP
work_3ehybzpqvbdsjlegtnkdycupja	38	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	38	12	fourth	fourth	JJ
work_3ehybzpqvbdsjlegtnkdycupja	38	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	38	14	fifth	fifth	JJ
work_3ehybzpqvbdsjlegtnkdycupja	38	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	38	16	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	38	17	degrees	degree	NNS
work_3ehybzpqvbdsjlegtnkdycupja	38	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	38	19	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	38	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	38	21	Keynes	Keynes	NNP
work_3ehybzpqvbdsjlegtnkdycupja	38	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	38	23	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	38	24	General	General	NNP
work_3ehybzpqvbdsjlegtnkdycupja	38	25	Theory	Theory	NNP
work_3ehybzpqvbdsjlegtnkdycupja	38	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	38	27	Employment	Employment	NNP
work_3ehybzpqvbdsjlegtnkdycupja	38	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	38	29	Interest	Interest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	38	30	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	38	31	Money	Money	NNP
work_3ehybzpqvbdsjlegtnkdycupja	38	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	38	33	1936	1936	CD
work_3ehybzpqvbdsjlegtnkdycupja	38	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	38	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	39	1	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	39	2	http://www.oecd.org/daf/fin/financial-markets/48616812.pdf	http://www.oecd.org/daf/fin/financial-markets/48616812.pdf	NN
work_3ehybzpqvbdsjlegtnkdycupja	39	3	http://www.oecd.org/daf/fin/financial-markets/48616812.pdf	http://www.oecd.org/daf/fin/financial-markets/48616812.pdf	NN
work_3ehybzpqvbdsjlegtnkdycupja	39	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	39	5	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	39	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	39	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	39	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	40	1	Furthermore	furthermore	RB
work_3ehybzpqvbdsjlegtnkdycupja	40	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	40	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	40	4	anticipation	anticipation	NN
work_3ehybzpqvbdsjlegtnkdycupja	40	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	40	6	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	40	7	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	40	8	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	40	9	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	40	10	movements	movement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	40	11	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	40	12	induce	induce	VB
work_3ehybzpqvbdsjlegtnkdycupja	40	13	mar-	mar-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	40	14	ket	ket	NNP
work_3ehybzpqvbdsjlegtnkdycupja	40	15	participants	participant	NNS
work_3ehybzpqvbdsjlegtnkdycupja	40	16	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	40	17	act	act	VB
work_3ehybzpqvbdsjlegtnkdycupja	40	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	40	19	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	40	20	way	way	NN
work_3ehybzpqvbdsjlegtnkdycupja	40	21	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	40	22	amplifies	amplify	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	40	23	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	40	24	movements	movement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	40	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	40	26	Shin	Shin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	40	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	40	28	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	40	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	40	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	40	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	40	32	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	40	33	contribute	contribute	VB
work_3ehybzpqvbdsjlegtnkdycupja	40	34	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	40	35	crashes	crash	NNS
work_3ehybzpqvbdsjlegtnkdycupja	40	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	41	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	41	2	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	41	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	41	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	41	5	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	41	6	Contest	Contest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	41	7	analogy	analogy	NN
work_3ehybzpqvbdsjlegtnkdycupja	41	8	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	41	9	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	41	10	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	41	11	tells	tell	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	41	12	just	just	RB
work_3ehybzpqvbdsjlegtnkdycupja	41	13	part	part	NN
work_3ehybzpqvbdsjlegtnkdycupja	41	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	41	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	41	16	story	story	NN
work_3ehybzpqvbdsjlegtnkdycupja	41	17	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	41	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	41	19	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	41	20	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	41	21	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	41	22	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	41	23	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	41	24	shocks	shock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	41	25	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	41	26	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	41	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	41	28	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	41	29	reflect	reflect	VBP
work_3ehybzpqvbdsjlegtnkdycupja	41	30	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	41	31	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	41	32	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	41	33	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	41	34	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	41	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	41	36	fundamental	fundamental	JJ
work_3ehybzpqvbdsjlegtnkdycupja	41	37	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	41	38	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	41	39	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	41	40	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	41	41	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	41	42	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	41	43	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	42	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	42	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	42	3	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	42	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	42	5	present	present	VBP
work_3ehybzpqvbdsjlegtnkdycupja	42	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	42	7	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	42	8	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	42	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	42	10	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	42	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	42	12	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	42	13	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	42	14	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	42	15	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	42	16	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	42	17	asymmetric	asymmetric	JJ
work_3ehybzpqvbdsjlegtnkdycupja	42	18	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	42	19	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	42	20	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	42	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	42	22	tradition	tradition	NN
work_3ehybzpqvbdsjlegtnkdycupja	42	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	42	24	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	42	25	noisy	noisy	JJ
work_3ehybzpqvbdsjlegtnkdycupja	42	26	rational	rational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	42	27	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	42	28	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	42	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	42	30	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	42	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	42	32	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	42	33	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	42	34	Singleton	Singleton	NNP
work_3ehybzpqvbdsjlegtnkdycupja	42	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	42	36	1987	1987	CD
work_3ehybzpqvbdsjlegtnkdycupja	42	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	42	38	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	42	39	Brown	Brown	NNP
work_3ehybzpqvbdsjlegtnkdycupja	42	40	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	42	41	Jennings	Jennings	NNP
work_3ehybzpqvbdsjlegtnkdycupja	42	42	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	42	43	1989	1989	CD
work_3ehybzpqvbdsjlegtnkdycupja	42	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	42	45	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	42	46	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	43	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	43	2	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	43	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	43	4	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	43	5	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	43	6	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	43	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	43	8	per-	per-	RB
work_3ehybzpqvbdsjlegtnkdycupja	43	9	sistent	sistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	43	10	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	43	11	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	43	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	43	13	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	43	14	complementarity	complementarity	NN
work_3ehybzpqvbdsjlegtnkdycupja	43	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	43	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	43	17	use	use	NN
work_3ehybzpqvbdsjlegtnkdycupja	43	18	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	43	19	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	43	20	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	43	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	43	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	43	23	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	43	24	provide	provide	VBP
work_3ehybzpqvbdsjlegtnkdycupja	43	25	sufficient	sufficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	43	26	conditions	condition	NNS
work_3ehybzpqvbdsjlegtnkdycupja	43	27	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	43	28	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	43	29	complementarity	complementarity	NN
work_3ehybzpqvbdsjlegtnkdycupja	43	30	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	43	31	generate	generate	VB
work_3ehybzpqvbdsjlegtnkdycupja	43	32	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	43	33	extremal	extremal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	43	34	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	43	35	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	43	36	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	43	37	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	43	38	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	43	39	ranked	rank	VBN
work_3ehybzpqvbdsjlegtnkdycupja	43	40	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	43	41	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	43	42	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	43	43	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	43	44	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	43	45	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	43	46	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	43	47	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	43	48	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	43	49	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	43	50	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	44	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	44	2	particular	particular	JJ
work_3ehybzpqvbdsjlegtnkdycupja	44	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	44	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	44	5	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	44	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	44	7	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	44	8	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	44	9	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	44	10	extremal	extremal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	44	11	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	44	12	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	44	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	44	14	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	44	15	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	44	16	informa-	informa-	NN
work_3ehybzpqvbdsjlegtnkdycupja	44	17	tion	tion	NN
work_3ehybzpqvbdsjlegtnkdycupja	44	18	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	44	19	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	44	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	44	21	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	44	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	44	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	44	24	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	44	25	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	44	26	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	44	27	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	44	28	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	44	29	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	44	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	44	31	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	44	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	44	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	45	1	At	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	45	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	45	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	45	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	45	5	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	45	6	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	45	7	good	good	JJ
work_3ehybzpqvbdsjlegtnkdycupja	45	8	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	45	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	45	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	45	11	underlying	underlie	VBG
work_3ehybzpqvbdsjlegtnkdycupja	45	12	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	45	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	45	14	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	45	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	45	16	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	45	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	45	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	45	19	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	45	20	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	45	21	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	45	22	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	45	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	45	24	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	45	25	displays	display	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	45	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	45	27	opposite	opposite	JJ
work_3ehybzpqvbdsjlegtnkdycupja	45	28	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	45	29	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	45	30	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	45	31	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	45	32	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	45	33	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	45	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	45	35	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	45	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	45	37	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	45	38	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	45	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	46	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	46	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	46	3	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	46	4	identical	identical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	46	5	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	46	6	ours	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	46	7	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	46	8	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	46	9	transient	transient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	46	10	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	46	11	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	46	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	46	13	Allen	Allen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	46	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	46	15	Morris	Morris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	46	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	46	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	46	18	Shin	Shin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	46	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	46	20	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	46	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	46	22	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	46	23	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	46	24	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	46	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	46	26	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	46	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	46	28	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	46	29	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	46	30	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	46	31	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	46	32	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	46	33	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	46	34	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	46	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	46	36	HOEs	hoe	NNS
work_3ehybzpqvbdsjlegtnkdycupja	46	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	46	38	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	46	39	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	46	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	46	41	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	46	42	ii	ii	NNP
work_3ehybzpqvbdsjlegtnkdycupja	46	43	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	46	44	underweight	underweight	JJ
work_3ehybzpqvbdsjlegtnkdycupja	46	45	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	46	46	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	46	47	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	46	48	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	46	49	respect	respect	NN
work_3ehybzpqvbdsjlegtnkdycupja	46	50	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	46	51	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	46	52	optimal	optimal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	46	53	statisti-	statisti-	NN
work_3ehybzpqvbdsjlegtnkdycupja	46	54	cal	cal	NN
work_3ehybzpqvbdsjlegtnkdycupja	46	55	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	46	56	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	46	57	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	46	58	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	46	59	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	46	60	iii	iii	NN
work_3ehybzpqvbdsjlegtnkdycupja	46	61	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	46	62	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	46	63	farther	farther	RB
work_3ehybzpqvbdsjlegtnkdycupja	46	64	away	away	RB
work_3ehybzpqvbdsjlegtnkdycupja	46	65	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	46	66	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	46	67	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	46	68	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	46	69	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	46	70	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	46	71	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	47	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	47	2	same	same	JJ
work_3ehybzpqvbdsjlegtnkdycupja	47	3	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	47	4	obtains	obtain	NNS
work_3ehybzpqvbdsjlegtnkdycupja	47	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	47	6	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	47	7	setup	setup	NN
work_3ehybzpqvbdsjlegtnkdycupja	47	8	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	47	9	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	47	10	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	47	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	47	12	transient	transient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	47	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	48	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	48	2	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	48	3	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	48	4	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	48	5	holds	hold	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	48	6	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	48	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	48	8	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	48	9	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	48	10	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	48	11	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	48	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	48	13	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	48	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	49	1	However	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	49	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	49	3	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	49	5	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	49	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	49	7	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	49	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	49	10	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	49	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	49	12	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	49	13	strongly	strongly	RB
work_3ehybzpqvbdsjlegtnkdycupja	49	14	tied	tie	VBN
work_3ehybzpqvbdsjlegtnkdycupja	49	15	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	16	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	49	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	49	18	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	19	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	49	20	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	21	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	49	22	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	49	23	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	49	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	49	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	49	26	overweights	overweight	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	49	27	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	49	28	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	49	29	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	49	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	49	31	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	32	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	49	33	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	34	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	49	35	optimal	optimal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	49	36	statistical	statistical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	49	37	weight).3	weight).3	NNP
work_3ehybzpqvbdsjlegtnkdycupja	49	38	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	49	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	49	40	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	49	41	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	49	42	Contest	Contest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	49	43	feature	feature	NN
work_3ehybzpqvbdsjlegtnkdycupja	49	44	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	45	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	49	46	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	49	47	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	49	48	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	49	49	necessarily	necessarily	RB
work_3ehybzpqvbdsjlegtnkdycupja	49	50	imply	imply	VB
work_3ehybzpqvbdsjlegtnkdycupja	49	51	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	52	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	49	53	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	49	54	worse	bad	JJR
work_3ehybzpqvbdsjlegtnkdycupja	49	55	estimators	estimator	NNS
work_3ehybzpqvbdsjlegtnkdycupja	49	56	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	57	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	49	58	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	49	59	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	60	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	49	61	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	49	62	neither	neither	CC
work_3ehybzpqvbdsjlegtnkdycupja	49	63	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	49	64	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	49	65	imply	imply	VB
work_3ehybzpqvbdsjlegtnkdycupja	49	66	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	67	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	49	68	exhibit	exhibit	VBP
work_3ehybzpqvbdsjlegtnkdycupja	49	69	inertia	inertia	NN
work_3ehybzpqvbdsjlegtnkdycupja	49	70	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	49	71	react	react	VBP
work_3ehybzpqvbdsjlegtnkdycupja	49	72	slowly	slowly	RB
work_3ehybzpqvbdsjlegtnkdycupja	49	73	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	74	changes	change	NNS
work_3ehybzpqvbdsjlegtnkdycupja	49	75	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	49	76	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	49	77	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	49	78	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	50	1	Hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	50	2	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	50	3	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	50	4	establish	establish	VB
work_3ehybzpqvbdsjlegtnkdycupja	50	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	50	6	limits	limit	NNS
work_3ehybzpqvbdsjlegtnkdycupja	50	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	50	8	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	50	9	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	50	10	Contest	Contest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	50	11	analogy	analogy	NN
work_3ehybzpqvbdsjlegtnkdycupja	50	12	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	50	13	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	50	14	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	50	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	50	16	refute	refute	VBP
work_3ehybzpqvbdsjlegtnkdycupja	50	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	50	18	view	view	NN
work_3ehybzpqvbdsjlegtnkdycupja	50	19	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	50	20	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	50	21	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	50	22	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	50	23	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	50	24	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	50	25	amplifies	amplify	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	50	26	demand	demand	VBP
work_3ehybzpqvbdsjlegtnkdycupja	50	27	shocks	shock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	50	28	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	50	29	necessarily	necessarily	RB
work_3ehybzpqvbdsjlegtnkdycupja	50	30	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	50	31	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	50	32	uninformative	uninformative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	50	33	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	50	34	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	50	35	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	50	36	excess	excess	JJ
work_3ehybzpqvbdsjlegtnkdycupja	50	37	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	50	38	volatility.4	volatility.4	LS
work_3ehybzpqvbdsjlegtnkdycupja	50	39	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	50	40	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	50	41	identify	identify	VBP
work_3ehybzpqvbdsjlegtnkdycupja	50	42	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	50	43	circumstances	circumstance	NNS
work_3ehybzpqvbdsjlegtnkdycupja	50	44	3In	3in	CD
work_3ehybzpqvbdsjlegtnkdycupja	50	45	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	50	46	related	related	JJ
work_3ehybzpqvbdsjlegtnkdycupja	50	47	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	50	48	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	50	49	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	50	50	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	50	51	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	50	52	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	50	53	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	50	54	conclusion	conclusion	NN
work_3ehybzpqvbdsjlegtnkdycupja	50	55	holds	hold	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	50	56	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	50	57	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	50	58	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	50	59	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	50	60	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	50	61	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	50	62	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	50	63	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	50	64	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	50	65	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	50	66	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	50	67	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	50	68	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	50	69	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	50	70	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	50	71	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	50	72	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	50	73	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	51	1	4Part	4part	CD
work_3ehybzpqvbdsjlegtnkdycupja	51	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	51	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	51	4	debate	debate	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	5	over	over	IN
work_3ehybzpqvbdsjlegtnkdycupja	51	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	51	7	consequences	consequence	NNS
work_3ehybzpqvbdsjlegtnkdycupja	51	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	51	9	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	51	10	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	51	11	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	12	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	13	revolves	revolve	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	51	14	precisely	precisely	RB
work_3ehybzpqvbdsjlegtnkdycupja	51	15	around	around	IN
work_3ehybzpqvbdsjlegtnkdycupja	51	16	its	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	51	17	al-	al-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	51	18	leged	leged	JJ
work_3ehybzpqvbdsjlegtnkdycupja	51	19	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	51	20	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	21	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	51	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	51	23	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	51	25	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	26	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	51	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	51	28	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	51	29	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	51	30	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	51	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	51	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	51	33	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	51	34	Kay	Kay	NNP
work_3ehybzpqvbdsjlegtnkdycupja	51	35	review	review	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	36	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	51	37	UK	UK	NNP
work_3ehybzpqvbdsjlegtnkdycupja	51	38	equity	equity	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	39	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	51	40	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	51	41	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	51	42	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	43	decision	decision	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	44	making	making	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	45	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	51	46	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	51	47	available	available	JJ
work_3ehybzpqvbdsjlegtnkdycupja	51	48	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	51	49	http://lawcommission.justice.gov.uk/docs/	http://lawcommission.justice.gov.uk/docs/	NNP
work_3ehybzpqvbdsjlegtnkdycupja	51	50	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	51	51	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	51	52	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	51	53	under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	51	54	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	51	55	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	51	56	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	51	57	stabilize	stabilize	VBP
work_3ehybzpqvbdsjlegtnkdycupja	51	58	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	51	59	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	60	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	51	61	counteracting	counteract	VBG
work_3ehybzpqvbdsjlegtnkdycupja	51	62	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	51	63	actions	action	NNS
work_3ehybzpqvbdsjlegtnkdycupja	51	64	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	51	65	liquid-	liquid-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	51	66	ity	ity	NN
work_3ehybzpqvbdsjlegtnkdycupja	51	67	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	51	68	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	51	69	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	51	70	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	51	71	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	51	72	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	51	73	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	52	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	52	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	52	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	52	4	deliver	deliver	VBP
work_3ehybzpqvbdsjlegtnkdycupja	52	5	sharp	sharp	JJ
work_3ehybzpqvbdsjlegtnkdycupja	52	6	predictions	prediction	NNS
work_3ehybzpqvbdsjlegtnkdycupja	52	7	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	52	8	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	52	9	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	52	10	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	52	11	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	52	12	consistent	consistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	52	13	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	52	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	52	15	received	received	JJ
work_3ehybzpqvbdsjlegtnkdycupja	52	16	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	52	17	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	52	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	52	19	including	include	VBG
work_3ehybzpqvbdsjlegtnkdycupja	52	20	noted	note	VBN
work_3ehybzpqvbdsjlegtnkdycupja	52	21	anomalies	anomaly	NNS
work_3ehybzpqvbdsjlegtnkdycupja	52	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	52	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	53	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	53	2	crucial	crucial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	53	3	hypothesis	hypothesis	NN
work_3ehybzpqvbdsjlegtnkdycupja	53	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	53	5	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	53	6	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	53	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	53	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	53	9	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	53	10	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	53	11	displays	display	NNS
work_3ehybzpqvbdsjlegtnkdycupja	53	12	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	53	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	54	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	54	2	hypothesis	hypothesis	NN
work_3ehybzpqvbdsjlegtnkdycupja	54	3	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	54	4	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	54	5	viewed	view	VBN
work_3ehybzpqvbdsjlegtnkdycupja	54	6	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	54	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	54	8	reduced	reduce	VBN
work_3ehybzpqvbdsjlegtnkdycupja	54	9	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	54	10	form	form	NN
work_3ehybzpqvbdsjlegtnkdycupja	54	11	assumption	assumption	NN
work_3ehybzpqvbdsjlegtnkdycupja	54	12	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	54	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	54	14	performance	performance	NN
work_3ehybzpqvbdsjlegtnkdycupja	54	15	–	–	:
work_3ehybzpqvbdsjlegtnkdycupja	54	16	flow	flow	VB
work_3ehybzpqvbdsjlegtnkdycupja	54	17	rela-	rela-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	54	18	tionship	tionship	NN
work_3ehybzpqvbdsjlegtnkdycupja	54	19	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	54	20	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	54	21	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	54	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	54	23	holdings	holding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	54	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	54	25	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	54	26	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	54	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	55	1	Coval	Coval	NNP
work_3ehybzpqvbdsjlegtnkdycupja	55	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	55	3	Stafford	Stafford	NNP
work_3ehybzpqvbdsjlegtnkdycupja	55	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	55	5	2007	2007	CD
work_3ehybzpqvbdsjlegtnkdycupja	55	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	55	7	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	55	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	55	9	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	55	10	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	55	11	faced	face	VBN
work_3ehybzpqvbdsjlegtnkdycupja	55	12	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	55	13	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	55	14	redemption	redemption	NN
work_3ehybzpqvbdsjlegtnkdycupja	55	15	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	55	16	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	55	17	curtail	curtail	VB
work_3ehybzpqvbdsjlegtnkdycupja	55	18	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	55	19	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	55	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	55	21	en-	en-	CC
work_3ehybzpqvbdsjlegtnkdycupja	55	22	gage	gage	VB
work_3ehybzpqvbdsjlegtnkdycupja	55	23	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	55	24	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	55	25	fire	fire	NN
work_3ehybzpqvbdsjlegtnkdycupja	55	26	sales	sale	NNS
work_3ehybzpqvbdsjlegtnkdycupja	55	27	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	55	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	56	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	56	2	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	56	3	generates	generate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	56	4	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	56	5	temporary	temporary	JJ
work_3ehybzpqvbdsjlegtnkdycupja	56	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	56	7	allegedly	allegedly	RB
work_3ehybzpqvbdsjlegtnkdycupja	56	8	uninformed	uninforme	VBD
work_3ehybzpqvbdsjlegtnkdycupja	56	9	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	56	10	pressure	pressure	NN
work_3ehybzpqvbdsjlegtnkdycupja	56	11	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	56	12	reduces	reduce	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	56	13	fund	fund	NN
work_3ehybzpqvbdsjlegtnkdycupja	56	14	performance	performance	NN
work_3ehybzpqvbdsjlegtnkdycupja	56	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	57	1	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	57	2	shown	show	VBN
work_3ehybzpqvbdsjlegtnkdycupja	57	3	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	57	4	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	57	5	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	57	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	57	7	performance	performance	NN
work_3ehybzpqvbdsjlegtnkdycupja	57	8	–	–	:
work_3ehybzpqvbdsjlegtnkdycupja	57	9	flow	flow	NN
work_3ehybzpqvbdsjlegtnkdycupja	57	10	relationship	relationship	NN
work_3ehybzpqvbdsjlegtnkdycupja	57	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	57	12	Chevalier	Chevalier	NNP
work_3ehybzpqvbdsjlegtnkdycupja	57	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	57	14	Ellison	Ellison	NNP
work_3ehybzpqvbdsjlegtnkdycupja	57	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	57	16	1997	1997	CD
work_3ehybzpqvbdsjlegtnkdycupja	57	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	57	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	57	19	Sirri	Sirri	NNP
work_3ehybzpqvbdsjlegtnkdycupja	57	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	57	21	Tufano	Tufano	NNP
work_3ehybzpqvbdsjlegtnkdycupja	57	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	57	23	1998	1998	CD
work_3ehybzpqvbdsjlegtnkdycupja	57	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	57	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	57	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	57	27	poor	poor	JJ
work_3ehybzpqvbdsjlegtnkdycupja	57	28	performance	performance	NN
work_3ehybzpqvbdsjlegtnkdycupja	57	29	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	57	30	turn	turn	NN
work_3ehybzpqvbdsjlegtnkdycupja	57	31	breeds	breed	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	57	32	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	57	33	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	57	34	redemptions	redemption	NNS
work_3ehybzpqvbdsjlegtnkdycupja	57	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	57	36	thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	57	37	engendering	engender	VBG
work_3ehybzpqvbdsjlegtnkdycupja	57	38	further	further	JJ
work_3ehybzpqvbdsjlegtnkdycupja	57	39	fire	fire	NN
work_3ehybzpqvbdsjlegtnkdycupja	57	40	sales	sale	NNS
work_3ehybzpqvbdsjlegtnkdycupja	57	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	58	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	58	2	implica-	implica-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	58	3	tion	tion	NN
work_3ehybzpqvbdsjlegtnkdycupja	58	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	58	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	58	6	uninformed	uninformed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	58	7	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	58	8	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	58	9	display	display	VB
work_3ehybzpqvbdsjlegtnkdycupja	58	10	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	58	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	59	1	Building	build	VBG
work_3ehybzpqvbdsjlegtnkdycupja	59	2	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	59	3	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	59	4	intuition	intuition	NN
work_3ehybzpqvbdsjlegtnkdycupja	59	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	59	6	Lou	Lou	NNP
work_3ehybzpqvbdsjlegtnkdycupja	59	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	59	8	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	59	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	59	10	tests	test	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	59	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	59	12	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	59	13	flow	flow	NN
work_3ehybzpqvbdsjlegtnkdycupja	59	14	–	–	:
work_3ehybzpqvbdsjlegtnkdycupja	59	15	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	59	16	explanation	explanation	NN
work_3ehybzpqvbdsjlegtnkdycupja	59	17	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	59	18	some	some	DT
work_3ehybzpqvbdsjlegtnkdycupja	59	19	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	59	20	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	59	21	known	know	VBN
work_3ehybzpqvbdsjlegtnkdycupja	59	22	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	59	23	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	59	24	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	59	25	regularities	regularity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	59	26	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	59	27	finds	find	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	59	28	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	59	29	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	59	30	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	59	31	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	59	32	shareholdings	shareholding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	59	33	display	display	VBP
work_3ehybzpqvbdsjlegtnkdycupja	59	34	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	59	35	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	59	36	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	59	37	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	59	38	quarterly	quarterly	JJ
work_3ehybzpqvbdsjlegtnkdycupja	59	39	frequency	frequency	NN
work_3ehybzpqvbdsjlegtnkdycupja	59	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	60	1	Campbell	Campbell	NNP
work_3ehybzpqvbdsjlegtnkdycupja	60	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	60	3	Kyle	Kyle	NNP
work_3ehybzpqvbdsjlegtnkdycupja	60	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	60	5	1993	1993	CD
work_3ehybzpqvbdsjlegtnkdycupja	60	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	60	7	follow	follow	VB
work_3ehybzpqvbdsjlegtnkdycupja	60	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	60	9	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	60	10	approach	approach	NN
work_3ehybzpqvbdsjlegtnkdycupja	60	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	60	12	disentan-	disentan-	NN
work_3ehybzpqvbdsjlegtnkdycupja	60	13	gle	gle	VB
work_3ehybzpqvbdsjlegtnkdycupja	60	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	60	15	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	60	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	60	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	60	18	noise	noise	NN
work_3ehybzpqvbdsjlegtnkdycupja	60	19	process	process	NN
work_3ehybzpqvbdsjlegtnkdycupja	60	20	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	60	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	60	22	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	60	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	60	24	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	60	25	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	60	26	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	60	27	authors	author	NNS
work_3ehybzpqvbdsjlegtnkdycupja	60	28	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	60	29	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	60	30	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	60	31	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	60	32	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	60	33	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	60	34	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	60	35	highly	highly	RB
work_3ehybzpqvbdsjlegtnkdycupja	60	36	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	60	37	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	60	38	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	60	39	annual	annual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	60	40	frequency	frequency	NN
work_3ehybzpqvbdsjlegtnkdycupja	60	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	61	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	61	2	sum	sum	NN
work_3ehybzpqvbdsjlegtnkdycupja	61	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	61	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	61	5	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	61	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	61	7	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	61	8	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	61	9	appears	appear	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	61	10	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	61	11	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	61	12	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	61	13	natural	natural	JJ
work_3ehybzpqvbdsjlegtnkdycupja	61	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	61	15	plausible	plausible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	61	16	assumption	assumption	NN
work_3ehybzpqvbdsjlegtnkdycupja	61	17	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	61	18	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	61	19	backed	back	VBN
work_3ehybzpqvbdsjlegtnkdycupja	61	20	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	61	21	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	61	22	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	61	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	62	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	62	2	mechanism	mechanism	NN
work_3ehybzpqvbdsjlegtnkdycupja	62	3	responsible	responsible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	62	4	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	62	5	complementarities	complementarity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	62	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	62	7	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	62	8	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	62	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	63	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	63	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	63	3	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	63	4	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	63	5	averse	averse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	63	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	63	7	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	63	8	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	63	9	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	63	10	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	63	11	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	63	12	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	63	13	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	63	14	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	63	15	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	63	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	63	17	firm	firm	NN
work_3ehybzpqvbdsjlegtnkdycupja	63	18	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	63	19	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	63	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	64	1	His	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	64	2	willingness	willingness	NN
work_3ehybzpqvbdsjlegtnkdycupja	64	3	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	64	4	spec-	spec-	VB
work_3ehybzpqvbdsjlegtnkdycupja	64	5	ulate	ulate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	64	6	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	64	7	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	64	8	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	64	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	64	10	directly	directly	RB
work_3ehybzpqvbdsjlegtnkdycupja	64	11	related	related	JJ
work_3ehybzpqvbdsjlegtnkdycupja	64	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	64	13	how	how	WRB
work_3ehybzpqvbdsjlegtnkdycupja	64	14	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	64	15	he	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	64	16	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	64	17	estimate	estimate	VB
work_3ehybzpqvbdsjlegtnkdycupja	64	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	64	19	next	next	JJ
work_3ehybzpqvbdsjlegtnkdycupja	64	20	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	64	21	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	64	22	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	64	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	64	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	64	25	significantly	significantly	RB
work_3ehybzpqvbdsjlegtnkdycupja	64	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	64	27	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	64	28	willingness	willingness	NN
work_3ehybzpqvbdsjlegtnkdycupja	64	29	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	64	30	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	64	31	inversely	inversely	RB
work_3ehybzpqvbdsjlegtnkdycupja	64	32	related	relate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	64	33	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	64	34	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	64	35	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	64	36	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	64	37	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	64	38	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	64	39	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	64	40	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	64	41	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	64	42	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	65	1	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	65	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	65	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	65	4	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	65	5	volatile	volatile	JJ
work_3ehybzpqvbdsjlegtnkdycupja	65	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	65	7	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	65	8	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	65	9	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	65	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	65	11	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	65	12	un-	un-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	65	13	winds	wind	NNS
work_3ehybzpqvbdsjlegtnkdycupja	65	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	65	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	65	16	riskier	risky	JJR
work_3ehybzpqvbdsjlegtnkdycupja	65	17	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	65	18	strategy	strategy	NN
work_3ehybzpqvbdsjlegtnkdycupja	65	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	65	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	65	21	less	less	RBR
work_3ehybzpqvbdsjlegtnkdycupja	65	22	willing	willing	JJ
work_3ehybzpqvbdsjlegtnkdycupja	65	23	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	65	24	exploit	exploit	VB
work_3ehybzpqvbdsjlegtnkdycupja	65	25	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	65	26	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	65	27	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	65	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	65	29	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	65	30	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	65	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	66	1	Yet	yet	RB
work_3ehybzpqvbdsjlegtnkdycupja	66	2	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	66	3	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	66	4	increased	increased	JJ
work_3ehybzpqvbdsjlegtnkdycupja	66	5	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	66	6	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	66	7	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	66	8	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	66	9	today	today	NN
work_3ehybzpqvbdsjlegtnkdycupja	66	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	66	11	increases	increase	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	66	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	66	13	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	66	14	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	66	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	66	16	reduces	reduce	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	66	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	66	18	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	66	19	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	66	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	66	21	tomorrow	tomorrow	NN
work_3ehybzpqvbdsjlegtnkdycupja	66	22	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	66	23	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	66	24	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	66	25	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	66	26	today	today	NN
work_3ehybzpqvbdsjlegtnkdycupja	66	27	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	66	28	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	66	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	67	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	67	2	pushes	push	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	67	3	up	up	RP
work_3ehybzpqvbdsjlegtnkdycupja	67	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	67	5	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	67	6	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	67	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	67	8	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	67	9	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	67	10	today	today	NN
work_3ehybzpqvbdsjlegtnkdycupja	67	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	67	12	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	67	13	induce	induce	VB
work_3ehybzpqvbdsjlegtnkdycupja	67	14	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	67	15	complementarities	complementarity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	67	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	67	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	67	18	responses	response	NNS
work_3ehybzpqvbdsjlegtnkdycupja	67	19	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	67	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	67	21	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	67	22	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	67	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	68	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	68	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	68	3	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	68	4	happen	happen	VB
work_3ehybzpqvbdsjlegtnkdycupja	68	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	68	6	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	7	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	8	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	9	must	must	MD
work_3ehybzpqvbdsjlegtnkdycupja	68	10	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	68	11	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	68	12	enough	enough	RB
work_3ehybzpqvbdsjlegtnkdycupja	68	13	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	68	14	overwhelm	overwhelm	VB
work_3ehybzpqvbdsjlegtnkdycupja	68	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	68	16	usual	usual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	68	17	substitution	substitution	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	18	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	19	according	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	68	20	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	68	21	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	68	22	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	68	23	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	68	24	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	68	25	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	26	today	today	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	27	decreases	decrease	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	68	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	68	29	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	30	put	put	VBN
work_3ehybzpqvbdsjlegtnkdycupja	68	31	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	68	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	68	33	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	34	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	68	35	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	68	36	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	68	37	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	38	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	68	39	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	68	40	estimation	estimation	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	41	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	68	42	tomorrow	tomorrow	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	43	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	68	44	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	68	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	69	1	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	69	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	69	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	69	4	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	69	5	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	69	6	willingness	willingness	NN
work_3ehybzpqvbdsjlegtnkdycupja	69	7	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	69	8	act	act	VB
work_3ehybzpqvbdsjlegtnkdycupja	69	9	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	69	10	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	69	11	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	69	12	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	69	13	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	69	14	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	69	15	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	69	16	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	69	17	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	69	18	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	69	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	69	20	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	69	21	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	69	22	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	69	23	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	69	24	affects	affect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	69	25	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	69	26	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	69	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	70	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	70	2	argue	argue	VBP
work_3ehybzpqvbdsjlegtnkdycupja	70	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	70	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	70	5	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	70	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	70	7	sided	sided	JJ
work_3ehybzpqvbdsjlegtnkdycupja	70	8	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	70	9	kay-review-of-equity-markets-final-report.pdf	kay-review-of-equity-markets-final-report.pdf	''
work_3ehybzpqvbdsjlegtnkdycupja	70	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	70	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	71	1	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	71	2	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	3	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	4	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	5	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	6	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	7	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	8	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	9	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	10	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	11	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	12	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	13	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	14	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	15	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	16	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	17	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	18	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	19	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	20	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	21	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	22	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	23	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	24	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	25	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	26	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	27	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	28	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	29	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	30	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	31	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	32	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	33	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	34	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	35	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	36	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	37	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	http://lawcommission.justice.gov.uk/docs/kay-review-of-equity-markets-final-report.pdf	NNP
work_3ehybzpqvbdsjlegtnkdycupja	71	38	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	71	39	account	account	VB
work_3ehybzpqvbdsjlegtnkdycupja	71	40	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	71	41	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	71	42	existence	existence	NN
work_3ehybzpqvbdsjlegtnkdycupja	71	43	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	71	44	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	71	45	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	71	46	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	71	47	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	71	48	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	71	49	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	71	50	ranked	rank	VBN
work_3ehybzpqvbdsjlegtnkdycupja	71	51	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	71	52	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	71	53	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	71	54	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	71	55	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	71	56	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	71	57	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	71	58	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	71	59	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	71	60	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	71	61	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	72	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	72	2	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	72	3	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	72	4	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	72	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	72	6	potentially	potentially	RB
work_3ehybzpqvbdsjlegtnkdycupja	72	7	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	72	8	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	72	9	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	72	10	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	72	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	72	12	persis-	persis-	IN
work_3ehybzpqvbdsjlegtnkdycupja	72	13	tent.5	tent.5	CD
work_3ehybzpqvbdsjlegtnkdycupja	72	14	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	72	15	crux	crux	NN
work_3ehybzpqvbdsjlegtnkdycupja	72	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	72	17	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	72	18	argument	argument	NN
work_3ehybzpqvbdsjlegtnkdycupja	72	19	revolves	revolve	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	72	20	around	around	IN
work_3ehybzpqvbdsjlegtnkdycupja	72	21	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	72	22	particular	particular	JJ
work_3ehybzpqvbdsjlegtnkdycupja	72	23	type	type	NN
work_3ehybzpqvbdsjlegtnkdycupja	72	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	72	25	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	72	26	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	72	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	72	28	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	72	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	72	30	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	72	31	reflected	reflect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	72	32	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	72	33	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	72	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	72	35	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	72	36	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	72	37	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	72	38	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	72	39	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	72	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	73	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	73	2	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	73	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	73	4	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	73	5	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	73	6	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	73	7	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	73	8	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	73	9	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	73	10	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	73	11	retrospectively	retrospectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	73	12	assess	assess	VB
work_3ehybzpqvbdsjlegtnkdycupja	73	13	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	73	14	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	73	15	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	73	16	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	73	17	inferences	inference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	73	18	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	73	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	73	20	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	73	21	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	73	22	that	that	RB
work_3ehybzpqvbdsjlegtnkdycupja	73	23	is	is	RB
work_3ehybzpqvbdsjlegtnkdycupja	73	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	73	25	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	73	26	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	73	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	73	28	new	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	73	29	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	73	30	gathered	gather	VBD
work_3ehybzpqvbdsjlegtnkdycupja	73	31	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	73	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	73	33	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	73	34	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	73	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	74	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	74	2	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	74	3	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	74	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	74	5	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	74	6	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	74	7	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	74	8	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	74	9	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	74	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	75	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	75	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	75	3	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	4	whose	whose	WP$
work_3ehybzpqvbdsjlegtnkdycupja	75	5	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	75	6	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	75	7	both	both	DT
work_3ehybzpqvbdsjlegtnkdycupja	75	8	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	9	averse	averse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	75	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	75	11	asymmetrically	asymmetrically	RB
work_3ehybzpqvbdsjlegtnkdycupja	75	12	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	75	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	75	14	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	75	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	75	16	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	75	17	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	75	18	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	75	19	known	know	VBN
work_3ehybzpqvbdsjlegtnkdycupja	75	20	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	75	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	75	22	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	23	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	75	25	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	75	26	stems	stem	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	75	27	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	75	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	75	29	sum	sum	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	30	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	75	31	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	75	32	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	75	33	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	34	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	75	35	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	36	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	75	37	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	75	38	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	75	39	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	40	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	75	41	component.6	component.6	VBN
work_3ehybzpqvbdsjlegtnkdycupja	75	42	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	75	43	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	75	44	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	75	45	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	46	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	75	47	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	75	48	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	75	49	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	75	50	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	75	51	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	75	52	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	75	53	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	75	54	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	75	55	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	75	56	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	57	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	75	58	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	75	59	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	75	60	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	75	61	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	75	62	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	63	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	75	64	render	render	VB
work_3ehybzpqvbdsjlegtnkdycupja	75	65	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	75	66	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	67	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	75	68	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	75	69	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	76	1	That	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	76	2	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	76	3	dimin-	dimin-	.
work_3ehybzpqvbdsjlegtnkdycupja	76	4	ishes	ishe	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	76	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	76	6	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	76	7	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	76	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	76	9	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	76	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	76	11	reducing	reduce	VBG
work_3ehybzpqvbdsjlegtnkdycupja	76	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	76	13	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	76	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	76	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	76	16	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	76	17	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	76	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	76	19	boosting	boost	VBG
work_3ehybzpqvbdsjlegtnkdycupja	76	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	76	21	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	76	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	76	23	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	76	24	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	76	25	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	76	26	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	76	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	77	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	77	2	intuition	intuition	NN
work_3ehybzpqvbdsjlegtnkdycupja	77	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	77	4	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	77	5	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	77	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	78	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	78	2	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	78	3	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	78	4	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	78	5	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	78	6	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	78	7	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	78	8	observe	observe	VBP
work_3ehybzpqvbdsjlegtnkdycupja	78	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	78	10	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	78	11	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	78	12	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	78	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	78	14	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	78	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	79	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	79	2	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	79	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	79	4	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	79	5	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	79	6	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	79	7	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	79	8	traded	trade	VBD
work_3ehybzpqvbdsjlegtnkdycupja	79	9	aggressively	aggressively	RB
work_3ehybzpqvbdsjlegtnkdycupja	79	10	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	79	11	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	79	12	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	79	13	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	79	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	79	15	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	79	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	79	17	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	79	18	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	79	19	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	79	20	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	79	21	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	79	22	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	79	23	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	79	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	79	25	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	79	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	80	1	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	80	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	80	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	80	4	bulk	bulk	NN
work_3ehybzpqvbdsjlegtnkdycupja	80	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	80	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	80	7	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	80	8	adjustment	adjustment	NN
work_3ehybzpqvbdsjlegtnkdycupja	80	9	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	80	10	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	80	11	must	must	MD
work_3ehybzpqvbdsjlegtnkdycupja	80	12	have	have	VB
work_3ehybzpqvbdsjlegtnkdycupja	80	13	already	already	RB
work_3ehybzpqvbdsjlegtnkdycupja	80	14	occurred	occur	VBN
work_3ehybzpqvbdsjlegtnkdycupja	80	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	80	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	80	17	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	80	18	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	80	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	81	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	81	2	reduces	reduce	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	81	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	81	4	likelihood	likelihood	NN
work_3ehybzpqvbdsjlegtnkdycupja	81	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	81	6	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	81	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	81	8	being	be	VBG
work_3ehybzpqvbdsjlegtnkdycupja	81	9	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	81	10	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	81	11	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	81	12	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	81	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	81	14	thereby	thereby	RB
work_3ehybzpqvbdsjlegtnkdycupja	81	15	makes	make	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	81	16	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	81	17	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	81	18	likely	likely	JJ
work_3ehybzpqvbdsjlegtnkdycupja	81	19	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	81	20	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	81	21	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	81	22	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	81	23	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	81	24	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	81	25	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	81	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	82	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	82	2	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	82	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	82	4	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	82	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	82	6	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	82	7	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	82	8	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	82	9	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	82	10	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	82	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	82	12	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	82	13	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	82	14	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	82	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	82	16	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	82	17	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	82	18	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	82	19	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	82	20	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	82	21	affected	affect	VBD
work_3ehybzpqvbdsjlegtnkdycupja	82	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	82	23	first-	first-	NN
work_3ehybzpqvbdsjlegtnkdycupja	82	24	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	82	25	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	82	26	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	82	27	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	82	28	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	82	29	further	further	JJ
work_3ehybzpqvbdsjlegtnkdycupja	82	30	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	82	31	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	82	32	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	82	33	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	82	34	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	82	35	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	82	36	realization	realization	NN
work_3ehybzpqvbdsjlegtnkdycupja	82	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	82	38	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	82	39	lower	low	JJR
work_3ehybzpqvbdsjlegtnkdycupja	82	40	expectation	expectation	NN
work_3ehybzpqvbdsjlegtnkdycupja	82	41	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	82	42	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	82	43	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	82	44	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	83	1	So	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	83	2	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	83	3	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	83	4	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	83	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	83	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	83	7	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	83	8	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	83	9	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	83	10	realization	realization	NN
work_3ehybzpqvbdsjlegtnkdycupja	83	11	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	83	12	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	83	13	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	83	14	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	83	15	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	83	16	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	83	17	revise	revise	VB
work_3ehybzpqvbdsjlegtnkdycupja	83	18	downward	downward	RB
work_3ehybzpqvbdsjlegtnkdycupja	83	19	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	83	20	expectation	expectation	NN
work_3ehybzpqvbdsjlegtnkdycupja	83	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	83	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	83	23	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	83	24	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	83	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	84	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	84	2	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	84	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	84	4	turn	turn	NN
work_3ehybzpqvbdsjlegtnkdycupja	84	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	84	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	84	7	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	84	8	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	84	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	84	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	84	11	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	84	12	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	84	13	offsets	offset	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	84	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	84	15	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	84	16	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	84	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	84	18	reducing	reduce	VBG
work_3ehybzpqvbdsjlegtnkdycupja	84	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	84	20	latter	latter	JJ
work_3ehybzpqvbdsjlegtnkdycupja	84	21	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	84	22	significance	significance	NN
work_3ehybzpqvbdsjlegtnkdycupja	84	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	85	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	85	2	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	85	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	85	4	diminished	diminish	VBN
work_3ehybzpqvbdsjlegtnkdycupja	85	5	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	85	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	85	7	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	85	8	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	85	9	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	85	10	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	85	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	85	12	unwinding	unwinding	NN
work_3ehybzpqvbdsjlegtnkdycupja	85	13	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	85	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	85	15	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	85	16	boosts	boost	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	85	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	85	18	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	85	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	85	20	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	85	21	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	85	22	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	85	23	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	85	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	86	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	86	2	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	86	3	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	86	4	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	86	5	self	self	NN
work_3ehybzpqvbdsjlegtnkdycupja	86	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	86	7	fulfilling	fulfil	VBG
work_3ehybzpqvbdsjlegtnkdycupja	86	8	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	86	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	86	10	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	86	11	reaction	reaction	NN
work_3ehybzpqvbdsjlegtnkdycupja	86	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	86	13	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	86	14	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	86	15	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	86	16	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	86	17	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	86	18	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	86	19	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	86	20	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	86	21	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	86	22	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	86	23	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	86	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	87	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	87	2	same	same	JJ
work_3ehybzpqvbdsjlegtnkdycupja	87	3	logic	logic	NN
work_3ehybzpqvbdsjlegtnkdycupja	87	4	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	87	5	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	87	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	87	7	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	87	8	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	87	9	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	87	10	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	87	11	one	one	PRP
work_3ehybzpqvbdsjlegtnkdycupja	87	12	assumes	assume	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	87	13	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	87	14	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	87	15	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	87	16	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	87	17	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	87	18	trade	trade	NNP
work_3ehybzpqvbdsjlegtnkdycupja	87	19	weakly	weakly	RB
work_3ehybzpqvbdsjlegtnkdycupja	87	20	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	87	21	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	87	22	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	87	23	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	87	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	88	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	88	2	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	88	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	88	4	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	88	5	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	88	6	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	88	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	88	8	present	present	JJ
work_3ehybzpqvbdsjlegtnkdycupja	88	9	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	88	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	88	11	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	88	12	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	88	13	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	88	14	5That	5that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	88	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	88	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	88	17	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	88	18	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	88	19	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	88	20	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	88	21	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	88	22	correlated	correlate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	88	23	across	across	IN
work_3ehybzpqvbdsjlegtnkdycupja	88	24	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	88	25	dates	date	NNS
work_3ehybzpqvbdsjlegtnkdycupja	88	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	89	1	6The	6the	CD
work_3ehybzpqvbdsjlegtnkdycupja	89	2	former	former	JJ
work_3ehybzpqvbdsjlegtnkdycupja	89	3	captures	capture	NNS
work_3ehybzpqvbdsjlegtnkdycupja	89	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	89	5	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	89	6	variation	variation	NN
work_3ehybzpqvbdsjlegtnkdycupja	89	7	due	due	IN
work_3ehybzpqvbdsjlegtnkdycupja	89	8	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	89	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	89	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	89	11	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	89	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	89	13	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	89	14	exposure	exposure	NN
work_3ehybzpqvbdsjlegtnkdycupja	89	15	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	89	16	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	89	17	experience	experience	VB
work_3ehybzpqvbdsjlegtnkdycupja	89	18	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	89	19	clearing	clear	VBG
work_3ehybzpqvbdsjlegtnkdycupja	89	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	89	21	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	89	22	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	89	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	89	24	latter	latter	JJ
work_3ehybzpqvbdsjlegtnkdycupja	89	25	captures	capture	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	89	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	89	27	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	89	28	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	89	29	due	due	IN
work_3ehybzpqvbdsjlegtnkdycupja	89	30	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	89	31	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	89	32	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	89	33	inferences	inference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	89	34	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	89	35	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	89	36	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	89	37	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	89	38	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	89	39	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	89	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	90	1	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	90	2	moderately	moderately	RB
work_3ehybzpqvbdsjlegtnkdycupja	90	3	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	90	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	90	5	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	90	6	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	90	7	extremal	extremal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	90	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	90	9	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	90	10	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	90	11	arise	arise	NN
work_3ehybzpqvbdsjlegtnkdycupja	90	12	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	90	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	90	14	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	90	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	90	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	90	17	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	90	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	91	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	91	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	91	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	91	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	91	5	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	91	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	91	7	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	91	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	91	9	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	91	10	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	91	11	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	91	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	91	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	91	14	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	91	15	closely	closely	RB
work_3ehybzpqvbdsjlegtnkdycupja	91	16	reflect	reflect	VBP
work_3ehybzpqvbdsjlegtnkdycupja	91	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	91	18	underlying	underlie	VBG
work_3ehybzpqvbdsjlegtnkdycupja	91	19	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	91	20	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	91	21	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	91	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	91	23	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	91	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	91	25	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	91	26	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	91	27	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	91	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	91	29	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	91	30	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	91	31	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	91	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	91	33	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	91	34	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	91	35	reflect	reflect	VBP
work_3ehybzpqvbdsjlegtnkdycupja	91	36	poorly	poorly	RB
work_3ehybzpqvbdsjlegtnkdycupja	91	37	underlying	underlie	VBG
work_3ehybzpqvbdsjlegtnkdycupja	91	38	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	91	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	92	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	92	2	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	92	3	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	92	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	92	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	92	6	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	92	7	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	92	8	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	92	9	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	92	10	very	very	RB
work_3ehybzpqvbdsjlegtnkdycupja	92	11	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	92	12	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	92	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	92	14	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	92	15	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	92	16	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	92	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	92	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	92	19	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	92	20	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	92	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	92	22	only	only	JJ
work_3ehybzpqvbdsjlegtnkdycupja	92	23	likely	likely	JJ
work_3ehybzpqvbdsjlegtnkdycupja	92	24	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	92	25	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	92	26	arise	arise	VB
work_3ehybzpqvbdsjlegtnkdycupja	92	27	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	92	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	92	29	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	92	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	93	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	93	2	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	93	3	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	93	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	93	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	93	6	strength	strength	NN
work_3ehybzpqvbdsjlegtnkdycupja	93	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	93	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	93	9	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	93	10	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	93	11	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	93	12	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	93	13	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	93	14	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	93	15	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	93	16	reliance	reliance	NN
work_3ehybzpqvbdsjlegtnkdycupja	93	17	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	93	18	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	93	19	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	93	20	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	93	21	source	source	NN
work_3ehybzpqvbdsjlegtnkdycupja	93	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	93	23	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	93	24	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	93	25	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	93	26	decisions	decision	NNS
work_3ehybzpqvbdsjlegtnkdycupja	93	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	94	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	94	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	94	3	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	94	4	example	example	NN
work_3ehybzpqvbdsjlegtnkdycupja	94	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	94	6	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	94	7	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	94	8	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	94	9	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	94	10	much	much	RB
work_3ehybzpqvbdsjlegtnkdycupja	94	11	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	94	12	precise	precise	JJ
work_3ehybzpqvbdsjlegtnkdycupja	94	13	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	94	14	exogenous	exogenous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	94	15	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	94	16	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	94	17	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	94	18	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	94	19	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	94	20	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	94	21	relatively	relatively	RB
work_3ehybzpqvbdsjlegtnkdycupja	94	22	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	94	23	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	94	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	94	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	94	26	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	94	27	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	94	28	very	very	RB
work_3ehybzpqvbdsjlegtnkdycupja	94	29	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	94	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	94	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	94	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	94	33	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	94	34	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	94	35	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	94	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	95	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	95	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	95	3	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	95	4	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	95	5	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	95	6	increases	increase	NNS
work_3ehybzpqvbdsjlegtnkdycupja	95	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	95	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	95	9	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	95	10	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	95	11	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	95	12	weakens	weaken	NNS
work_3ehybzpqvbdsjlegtnkdycupja	95	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	95	14	thereby	thereby	RB
work_3ehybzpqvbdsjlegtnkdycupja	95	15	stabilizes	stabilize	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	95	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	95	17	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	95	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	96	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	96	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	96	3	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	96	4	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	96	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	96	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	96	7	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	96	8	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	96	9	increases	increase	NNS
work_3ehybzpqvbdsjlegtnkdycupja	96	10	further	far	RBR
work_3ehybzpqvbdsjlegtnkdycupja	96	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	96	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	96	13	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	96	14	disappears	disappear	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	96	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	96	16	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	96	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	96	18	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	96	19	reduciton	reduciton	NN
work_3ehybzpqvbdsjlegtnkdycupja	96	20	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	96	21	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	96	22	weakened	weaken	VBN
work_3ehybzpqvbdsjlegtnkdycupja	96	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	96	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	96	25	uniqueness	uniqueness	NN
work_3ehybzpqvbdsjlegtnkdycupja	96	26	occurs	occur	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	96	27	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	96	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	96	29	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	96	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	97	1	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	97	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	97	3	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	97	4	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	97	5	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	97	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	97	7	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	97	8	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	97	9	plays	play	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	97	10	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	97	11	active	active	JJ
work_3ehybzpqvbdsjlegtnkdycupja	97	12	role	role	NN
work_3ehybzpqvbdsjlegtnkdycupja	97	13	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	97	14	determining	determine	VBG
work_3ehybzpqvbdsjlegtnkdycupja	97	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	97	16	type	type	NN
work_3ehybzpqvbdsjlegtnkdycupja	97	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	97	18	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	97	19	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	97	20	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	97	21	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	97	22	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	97	23	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	97	24	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	97	25	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	97	26	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	97	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	98	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	98	2	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	98	3	predicts	predict	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	98	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	98	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	98	6	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	98	7	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	98	8	under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	98	9	extreme	extreme	JJ
work_3ehybzpqvbdsjlegtnkdycupja	98	10	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	98	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	98	12	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	98	13	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	98	14	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	98	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	98	16	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	98	17	could	could	MD
work_3ehybzpqvbdsjlegtnkdycupja	98	18	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	98	19	proxied	proxie	VBN
work_3ehybzpqvbdsjlegtnkdycupja	98	20	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	98	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	98	22	number	number	NN
work_3ehybzpqvbdsjlegtnkdycupja	98	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	98	24	analysts	analyst	NNS
work_3ehybzpqvbdsjlegtnkdycupja	98	25	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	98	26	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	98	27	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	98	28	security	security	NN
work_3ehybzpqvbdsjlegtnkdycupja	98	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	98	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	99	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	99	2	low-	low-	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	3	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	4	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	99	6	characterized	characterize	VBN
work_3ehybzpqvbdsjlegtnkdycupja	99	7	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	99	8	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	99	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	99	10	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	99	12	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	99	13	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	99	14	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	15	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	99	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	99	18	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	19	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	20	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	99	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	99	22	ii	ii	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	99	24	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	25	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	99	26	reversal	reversal	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	99	28	depending	depend	VBG
work_3ehybzpqvbdsjlegtnkdycupja	99	29	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	99	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	99	31	strength	strength	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	32	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	99	33	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	34	;	;	,
work_3ehybzpqvbdsjlegtnkdycupja	99	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	99	36	iii	iii	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	99	38	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	99	39	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	99	40	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	99	41	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	99	42	providing	provide	VBG
work_3ehybzpqvbdsjlegtnkdycupja	99	43	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	44	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	99	45	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	99	46	iv	iv	LS
work_3ehybzpqvbdsjlegtnkdycupja	99	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	99	48	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	99	49	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	99	50	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	99	51	far	far	RB
work_3ehybzpqvbdsjlegtnkdycupja	99	52	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	99	53	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	99	54	semi	semi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	99	55	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	99	56	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	99	57	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	99	58	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	59	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	99	60	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	99	61	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	62	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	99	63	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	99	64	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	99	65	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	99	66	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	67	return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	68	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	69	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	99	70	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	71	imbalances	imbalance	NNS
work_3ehybzpqvbdsjlegtnkdycupja	99	72	;	;	,
work_3ehybzpqvbdsjlegtnkdycupja	99	73	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	99	74	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	99	75	vi	vi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	99	76	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	99	77	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	99	78	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	79	accompanied	accompany	VBN
work_3ehybzpqvbdsjlegtnkdycupja	99	80	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	99	81	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	99	82	levels	level	NNS
work_3ehybzpqvbdsjlegtnkdycupja	99	83	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	99	84	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	99	85	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	100	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	100	2	intermediate	intermediate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	100	3	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	100	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	100	5	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	100	6	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	100	7	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	100	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	100	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	100	10	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	100	11	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	100	12	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	100	13	arise	arise	VB
work_3ehybzpqvbdsjlegtnkdycupja	100	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	101	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	101	2	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	3	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	101	4	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	5	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	6	features	feature	NNS
work_3ehybzpqvbdsjlegtnkdycupja	101	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	101	8	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	101	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	101	11	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	12	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	13	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	101	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	101	16	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	17	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	101	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	101	20	ii	ii	NNP
work_3ehybzpqvbdsjlegtnkdycupja	101	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	101	22	mild	mild	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	23	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	101	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	101	26	iii	iii	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	101	28	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	29	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	101	30	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	101	31	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	101	32	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	33	provision	provision	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	101	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	101	36	iv	iv	LS
work_3ehybzpqvbdsjlegtnkdycupja	101	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	101	38	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	101	39	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	101	40	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	101	41	close	close	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	42	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	101	43	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	101	44	semi	semi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	45	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	46	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	47	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	48	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	49	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	101	50	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	101	51	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	52	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	101	53	weak	weak	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	54	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	55	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	101	56	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	57	return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	58	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	59	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	101	60	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	61	imbalances	imbalance	NNS
work_3ehybzpqvbdsjlegtnkdycupja	101	62	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	101	63	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	101	64	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	101	65	vi	vi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	101	66	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	101	67	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	68	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	69	accompanied	accompany	VBN
work_3ehybzpqvbdsjlegtnkdycupja	101	70	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	101	71	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	101	72	levels	level	NNS
work_3ehybzpqvbdsjlegtnkdycupja	101	73	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	101	74	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	101	75	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	102	1	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	102	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	102	3	important	important	JJ
work_3ehybzpqvbdsjlegtnkdycupja	102	4	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	102	5	note	note	VB
work_3ehybzpqvbdsjlegtnkdycupja	102	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	102	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	102	8	autocovariance	autocovariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	102	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	102	10	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	102	11	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	102	12	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	102	13	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	102	14	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	102	15	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	102	16	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	102	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	102	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	102	19	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	102	20	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	102	21	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	102	22	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	102	23	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	102	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	102	25	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	102	26	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	102	27	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	102	28	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	102	29	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	102	30	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	102	31	sufficiently	sufficiently	RB
work_3ehybzpqvbdsjlegtnkdycupja	102	32	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	102	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	103	1	Since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	103	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	103	3	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	103	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	103	5	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	103	6	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	103	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	103	8	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	103	9	essential	essential	JJ
work_3ehybzpqvbdsjlegtnkdycupja	103	10	ingredient	ingredient	NN
work_3ehybzpqvbdsjlegtnkdycupja	103	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	103	12	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	103	13	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	103	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	103	15	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	103	16	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	103	17	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	103	18	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	103	19	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	103	20	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	103	21	consequence	consequence	NN
work_3ehybzpqvbdsjlegtnkdycupja	103	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	103	23	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	103	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	104	1	That	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	104	2	being	be	VBG
work_3ehybzpqvbdsjlegtnkdycupja	104	3	said	say	VBN
work_3ehybzpqvbdsjlegtnkdycupja	104	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	104	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	104	6	patterns	pattern	NNS
work_3ehybzpqvbdsjlegtnkdycupja	104	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	104	8	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	104	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	104	10	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	104	11	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	104	12	implied	imply	VBN
work_3ehybzpqvbdsjlegtnkdycupja	104	13	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	104	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	104	15	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	104	16	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	104	17	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	104	18	markedly	markedly	RB
work_3ehybzpqvbdsjlegtnkdycupja	104	19	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	104	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	105	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	105	2	particular	particular	JJ
work_3ehybzpqvbdsjlegtnkdycupja	105	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	105	4	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	105	5	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	105	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	105	7	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	105	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	105	9	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	105	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	105	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	105	12	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	105	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	105	14	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	105	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	105	16	sign	sign	NN
work_3ehybzpqvbdsjlegtnkdycupja	105	17	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	105	18	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	105	19	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	105	20	rapidly	rapidly	RB
work_3ehybzpqvbdsjlegtnkdycupja	105	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	105	22	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	105	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	105	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	105	25	slowly	slowly	RB
work_3ehybzpqvbdsjlegtnkdycupja	105	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	105	27	converging	converge	VBG
work_3ehybzpqvbdsjlegtnkdycupja	105	28	toward	toward	IN
work_3ehybzpqvbdsjlegtnkdycupja	105	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	105	30	full	full	JJ
work_3ehybzpqvbdsjlegtnkdycupja	105	31	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	105	32	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	105	33	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	105	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	106	1	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	106	2	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	106	3	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	106	4	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	106	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	106	6	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	106	7	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	106	8	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	106	9	•	•	NNP
work_3ehybzpqvbdsjlegtnkdycupja	106	10	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	106	11	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	106	12	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	106	13	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	106	14	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	106	15	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	106	16	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	17	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	106	18	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	106	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	106	20	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	21	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	106	22	levels	level	NNS
work_3ehybzpqvbdsjlegtnkdycupja	106	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	24	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	106	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	106	26	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	106	27	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	106	28	discriminates	discriminate	NNS
work_3ehybzpqvbdsjlegtnkdycupja	106	29	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	30	favor	favor	NN
work_3ehybzpqvbdsjlegtnkdycupja	106	31	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	106	33	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	106	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	106	35	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	106	36	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	106	37	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	38	relation	relation	NN
work_3ehybzpqvbdsjlegtnkdycupja	106	39	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	40	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	106	41	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	106	42	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	106	43	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	106	44	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	45	relation	relation	NN
work_3ehybzpqvbdsjlegtnkdycupja	106	46	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	47	alternative	alternative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	106	48	theories	theory	NNS
work_3ehybzpqvbdsjlegtnkdycupja	106	49	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	106	50	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	51	differences	difference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	106	52	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	53	opinions	opinion	NNS
work_3ehybzpqvbdsjlegtnkdycupja	106	54	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	106	55	DO	do	NN
work_3ehybzpqvbdsjlegtnkdycupja	106	56	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	106	57	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	106	58	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	106	59	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	60	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	106	61	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	106	62	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	106	63	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	106	64	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	106	65	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	106	66	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	106	67	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	107	1	•	•	VB
work_3ehybzpqvbdsjlegtnkdycupja	107	2	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	107	3	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	107	4	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	107	5	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	107	6	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	107	7	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	107	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	107	9	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	107	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	107	11	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	107	12	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	107	13	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	107	14	rule	rule	VB
work_3ehybzpqvbdsjlegtnkdycupja	107	15	out	out	RP
work_3ehybzpqvbdsjlegtnkdycupja	107	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	107	17	applicability	applicability	NN
work_3ehybzpqvbdsjlegtnkdycupja	107	18	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	107	19	rational	rational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	107	20	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	107	21	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	107	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	107	23	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	107	24	suggested	suggest	VBN
work_3ehybzpqvbdsjlegtnkdycupja	107	25	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	107	26	Banerjee	Banerjee	NNP
work_3ehybzpqvbdsjlegtnkdycupja	107	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	107	28	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	107	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	107	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	107	31	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	107	32	example	example	NN
work_3ehybzpqvbdsjlegtnkdycupja	107	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	107	34	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	107	35	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	107	36	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	107	37	consistent	consistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	107	38	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	107	39	ours	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	107	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	108	1	•	•	VB
work_3ehybzpqvbdsjlegtnkdycupja	108	2	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	108	3	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	108	4	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	108	5	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	108	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	108	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	108	8	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	108	9	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	108	10	identifies	identify	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	108	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	108	12	HIE;7	hie;7	NN
work_3ehybzpqvbdsjlegtnkdycupja	108	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	108	14	ob-	ob-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	108	15	servation	servation	NN
work_3ehybzpqvbdsjlegtnkdycupja	108	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	108	17	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	108	18	reversal	reversal	NN
work_3ehybzpqvbdsjlegtnkdycupja	108	19	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	108	20	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	108	21	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	108	22	identifies	identify	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	108	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	108	24	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	108	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	108	26	under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	108	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	108	28	maintained	maintained	JJ
work_3ehybzpqvbdsjlegtnkdycupja	108	29	hypothesis	hypothesis	NN
work_3ehybzpqvbdsjlegtnkdycupja	108	30	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	108	31	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	108	32	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	108	33	holds	hold	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	108	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	108	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	109	1	•	•	VB
work_3ehybzpqvbdsjlegtnkdycupja	109	2	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	109	3	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	109	4	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	109	5	fragile	fragile	JJ
work_3ehybzpqvbdsjlegtnkdycupja	109	6	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	109	7	stocks	stock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	109	8	–	–	:
work_3ehybzpqvbdsjlegtnkdycupja	109	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	109	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	109	11	sense	sense	NN
work_3ehybzpqvbdsjlegtnkdycupja	109	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	109	13	Greenwood	Greenwood	NNP
work_3ehybzpqvbdsjlegtnkdycupja	109	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	109	15	Thesmar	Thesmar	NNP
work_3ehybzpqvbdsjlegtnkdycupja	109	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	109	17	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	109	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	109	19	–	–	:
work_3ehybzpqvbdsjlegtnkdycupja	109	20	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	109	21	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	109	22	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	109	23	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	109	24	transaction	transaction	NN
work_3ehybzpqvbdsjlegtnkdycupja	109	25	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	109	26	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	109	27	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	109	28	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	109	29	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	109	30	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	109	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	109	32	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	109	33	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	109	34	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	109	35	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	109	36	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	109	37	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	109	38	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	109	39	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	109	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	110	1	Similarly	similarly	RB
work_3ehybzpqvbdsjlegtnkdycupja	110	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	110	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	110	4	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	110	5	transaction	transaction	NN
work_3ehybzpqvbdsjlegtnkdycupja	110	6	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	110	7	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	110	8	non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	110	9	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	110	10	fragile	fragile	JJ
work_3ehybzpqvbdsjlegtnkdycupja	110	11	stocks	stock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	110	12	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	110	13	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	110	14	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	110	15	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	110	16	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	110	17	levels	level	NNS
work_3ehybzpqvbdsjlegtnkdycupja	110	18	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	110	19	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	110	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	110	21	constitutes	constitute	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	110	22	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	110	23	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	110	24	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	110	25	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	110	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	111	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	111	2	rest	rest	NN
work_3ehybzpqvbdsjlegtnkdycupja	111	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	111	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	111	5	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	111	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	111	7	organized	organize	VBN
work_3ehybzpqvbdsjlegtnkdycupja	111	8	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	111	9	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	111	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	112	1	After	after	IN
work_3ehybzpqvbdsjlegtnkdycupja	112	2	discussing	discuss	VBG
work_3ehybzpqvbdsjlegtnkdycupja	112	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	112	4	related	relate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	112	5	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	112	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	112	7	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	112	8	analyze	analyze	VBP
work_3ehybzpqvbdsjlegtnkdycupja	112	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	112	10	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	112	11	benchmark	benchmark	NN
work_3ehybzpqvbdsjlegtnkdycupja	112	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	113	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	113	2	Section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	113	3	III	III	NNP
work_3ehybzpqvbdsjlegtnkdycupja	113	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	113	5	study	study	VBP
work_3ehybzpqvbdsjlegtnkdycupja	113	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	113	7	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	113	8	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	113	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	113	10	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	113	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	113	12	relate	relate	VB
work_3ehybzpqvbdsjlegtnkdycupja	113	13	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	113	14	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	113	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	113	16	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	113	17	Contest	Contest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	113	18	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	113	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	113	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	113	21	present	present	VB
work_3ehybzpqvbdsjlegtnkdycupja	113	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	113	23	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	113	24	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	113	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	114	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	114	2	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	114	3	derive	derive	VBP
work_3ehybzpqvbdsjlegtnkdycupja	114	4	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	114	5	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	114	6	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	114	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	114	8	use	use	VB
work_3ehybzpqvbdsjlegtnkdycupja	114	9	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	114	10	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	114	11	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	114	12	interpret	interpret	VB
work_3ehybzpqvbdsjlegtnkdycupja	114	13	some	some	DT
work_3ehybzpqvbdsjlegtnkdycupja	114	14	aspects	aspect	NNS
work_3ehybzpqvbdsjlegtnkdycupja	114	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	114	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	114	17	recent	recent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	114	18	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	114	19	crisis	crisis	NN
work_3ehybzpqvbdsjlegtnkdycupja	114	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	115	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	115	2	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	115	3	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	115	4	final	final	JJ
work_3ehybzpqvbdsjlegtnkdycupja	115	5	section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	115	6	summarizes	summarize	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	115	7	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	115	8	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	115	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	115	10	discusses	discuss	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	115	11	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	115	12	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	115	13	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	115	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	116	1	Most	Most	JJS
work_3ehybzpqvbdsjlegtnkdycupja	116	2	formal	formal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	116	3	proofs	proof	NNS
work_3ehybzpqvbdsjlegtnkdycupja	116	4	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	116	5	relegated	relegate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	116	6	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	116	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	116	8	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	116	9	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	116	10	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	116	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	117	1	An	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	117	2	Online	Online	NNP
work_3ehybzpqvbdsjlegtnkdycupja	117	3	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	117	4	offers	offer	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	117	5	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	117	6	detailed	detailed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	117	7	robustness	robustness	NN
work_3ehybzpqvbdsjlegtnkdycupja	117	8	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	117	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	117	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	117	11	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	117	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	118	1	I	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	118	2	Related	relate	VBD
work_3ehybzpqvbdsjlegtnkdycupja	118	3	literature	literature	VBP
work_3ehybzpqvbdsjlegtnkdycupja	118	4	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	118	5	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	118	6	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	118	7	related	relate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	118	8	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	118	9	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	118	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	118	11	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	118	12	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	118	13	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	118	14	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	118	15	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	118	16	strands	strand	NNS
work_3ehybzpqvbdsjlegtnkdycupja	118	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	118	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	118	19	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	118	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	119	1	First	first	RB
work_3ehybzpqvbdsjlegtnkdycupja	119	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	119	3	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	119	4	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	119	6	related	relate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	119	7	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	119	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	119	9	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	10	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	119	11	investigates	investigate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	119	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	119	13	relationship	relationship	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	14	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	119	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	119	16	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	119	18	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	119	19	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	119	20	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	21	investment	investment	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	22	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	119	23	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	119	24	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	119	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	119	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	119	27	reaction	reaction	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	28	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	119	29	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	119	30	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	119	31	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	119	32	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	119	33	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	119	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	35	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	119	36	Singleton	Singleton	NNP
work_3ehybzpqvbdsjlegtnkdycupja	119	37	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	38	1987	1987	CD
work_3ehybzpqvbdsjlegtnkdycupja	119	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	119	41	Brown	Brown	NNP
work_3ehybzpqvbdsjlegtnkdycupja	119	42	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	119	43	Jennings	Jennings	NNP
work_3ehybzpqvbdsjlegtnkdycupja	119	44	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	45	1989	1989	CD
work_3ehybzpqvbdsjlegtnkdycupja	119	46	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	47	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	119	48	Froot	Froot	NNP
work_3ehybzpqvbdsjlegtnkdycupja	119	49	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	119	50	Scharfstein	Scharfstein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	119	51	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	119	52	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	119	53	Stein	Stein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	119	54	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	55	1992	1992	CD
work_3ehybzpqvbdsjlegtnkdycupja	119	56	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	57	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	119	58	Dow	Dow	NNP
work_3ehybzpqvbdsjlegtnkdycupja	119	59	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	119	60	Gorton	Gorton	NNP
work_3ehybzpqvbdsjlegtnkdycupja	119	61	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	62	1994	1994	CD
work_3ehybzpqvbdsjlegtnkdycupja	119	63	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	64	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	119	65	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	119	66	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	67	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	119	68	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	69	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	119	70	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	119	71	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	72	2002	2002	CD
work_3ehybzpqvbdsjlegtnkdycupja	119	73	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	74	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	119	75	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	119	76	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	77	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	119	78	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	119	79	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	119	80	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	119	81	7This	7this	DT
work_3ehybzpqvbdsjlegtnkdycupja	119	82	finding	finding	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	83	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	119	84	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	119	85	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	119	86	counterpart	counterpart	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	87	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	119	88	some	some	DT
work_3ehybzpqvbdsjlegtnkdycupja	119	89	spread	spread	VBP
work_3ehybzpqvbdsjlegtnkdycupja	119	90	decomposition	decomposition	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	91	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	119	92	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	119	93	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	119	94	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	119	95	consistently	consistently	RB
work_3ehybzpqvbdsjlegtnkdycupja	119	96	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	119	97	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	119	98	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	119	99	prediction	prediction	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	100	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	119	101	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	119	102	spread	spread	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	103	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	119	104	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	105	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	119	106	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	119	107	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	119	108	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	119	109	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	120	1	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	120	2	Albagli	Albagli	NNP
work_3ehybzpqvbdsjlegtnkdycupja	120	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	120	4	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	120	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	120	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	120	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	121	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	121	2	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	121	3	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	121	4	semi	semi	RB
work_3ehybzpqvbdsjlegtnkdycupja	121	5	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	121	6	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	121	7	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	121	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	121	9	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	121	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	121	11	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	121	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	121	13	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	121	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	121	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	121	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	121	17	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	121	18	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	121	19	do	do	VBP
work_3ehybzpqvbdsjlegtnkdycupja	121	20	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	121	21	require	require	VB
work_3ehybzpqvbdsjlegtnkdycupja	121	22	compensation	compensation	NN
work_3ehybzpqvbdsjlegtnkdycupja	121	23	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	121	24	increasing	increase	VBG
work_3ehybzpqvbdsjlegtnkdycupja	121	25	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	121	26	exposure	exposure	NN
work_3ehybzpqvbdsjlegtnkdycupja	121	27	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	121	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	121	29	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	121	30	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	121	31	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	121	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	121	33	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	121	34	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	121	35	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	121	36	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	121	37	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	121	38	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	121	39	disappears	disappear	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	121	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	122	1	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	122	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	122	3	consequence	consequence	NN
work_3ehybzpqvbdsjlegtnkdycupja	122	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	122	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	122	6	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	122	7	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	122	8	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	122	9	breaks	break	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	122	10	down	down	RP
work_3ehybzpqvbdsjlegtnkdycupja	122	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	122	12	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	122	13	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	122	14	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	122	15	obtains	obtain	NNS
work_3ehybzpqvbdsjlegtnkdycupja	122	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	123	1	Brown	Brown	NNP
work_3ehybzpqvbdsjlegtnkdycupja	123	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	123	3	Jennings	Jennings	NNP
work_3ehybzpqvbdsjlegtnkdycupja	123	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	123	5	1989	1989	CD
work_3ehybzpqvbdsjlegtnkdycupja	123	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	123	7	analyze	analyze	VB
work_3ehybzpqvbdsjlegtnkdycupja	123	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	123	9	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	123	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	123	11	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	123	12	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	123	13	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	123	14	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	123	15	semi	semi	RB
work_3ehybzpqvbdsjlegtnkdycupja	123	16	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	123	17	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	123	18	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	123	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	123	20	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	123	21	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	123	22	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	123	23	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	123	24	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	123	25	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	123	26	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	123	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	123	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	123	29	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	123	30	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	123	31	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	123	32	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	123	33	correlated	correlate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	123	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	124	1	Their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	124	2	work	work	NN
work_3ehybzpqvbdsjlegtnkdycupja	124	3	provides	provide	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	124	4	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	124	5	rationale	rationale	NN
work_3ehybzpqvbdsjlegtnkdycupja	124	6	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	124	7	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	124	8	techni-	techni-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	124	9	cal	cal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	124	10	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	124	11	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	124	12	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	124	13	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	124	14	how	how	WRB
work_3ehybzpqvbdsjlegtnkdycupja	124	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	124	16	absent	absent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	124	17	semi	semi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	124	18	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	124	19	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	124	20	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	124	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	124	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	124	23	sequence	sequence	NN
work_3ehybzpqvbdsjlegtnkdycupja	124	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	124	25	transaction	transaction	NN
work_3ehybzpqvbdsjlegtnkdycupja	124	26	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	124	27	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	124	28	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	124	29	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	124	30	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	124	31	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	124	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	124	33	final	final	JJ
work_3ehybzpqvbdsjlegtnkdycupja	124	34	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	124	35	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	124	36	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	124	37	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	124	38	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	124	39	current	current	JJ
work_3ehybzpqvbdsjlegtnkdycupja	124	40	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	124	41	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	124	42	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	125	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	125	2	argue	argue	VBP
work_3ehybzpqvbdsjlegtnkdycupja	125	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	125	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	125	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	125	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	125	7	absence	absence	NN
work_3ehybzpqvbdsjlegtnkdycupja	125	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	125	9	semi	semi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	125	10	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	125	11	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	125	12	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	125	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	125	14	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	125	15	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	125	16	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	125	17	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	125	18	correlated	correlate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	125	19	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	125	20	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	125	21	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	125	22	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	125	23	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	125	24	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	125	25	retrospectively	retrospectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	125	26	evaluate	evaluate	VB
work_3ehybzpqvbdsjlegtnkdycupja	125	27	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	125	28	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	125	29	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	125	30	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	125	31	inferences	inference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	125	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	126	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	126	2	opportunity	opportunity	NN
work_3ehybzpqvbdsjlegtnkdycupja	126	3	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	126	4	reassessment	reassessment	NN
work_3ehybzpqvbdsjlegtnkdycupja	126	5	generates	generate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	126	6	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	126	7	complementarities	complementarity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	126	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	126	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	126	10	use	use	NN
work_3ehybzpqvbdsjlegtnkdycupja	126	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	126	12	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	126	13	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	126	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	126	15	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	126	16	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	126	17	lead	lead	VB
work_3ehybzpqvbdsjlegtnkdycupja	126	18	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	126	19	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	126	20	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	126	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	127	1	Other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	127	2	authors	author	NNS
work_3ehybzpqvbdsjlegtnkdycupja	127	3	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	127	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	127	5	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	127	6	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	127	7	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	127	8	arise	arise	VB
work_3ehybzpqvbdsjlegtnkdycupja	127	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	127	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	127	11	presence	presence	NN
work_3ehybzpqvbdsjlegtnkdycupja	127	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	127	13	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	127	14	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	127	15	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	127	16	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	127	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	128	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	128	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	128	3	regard	regard	NN
work_3ehybzpqvbdsjlegtnkdycupja	128	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	128	5	part	part	NN
work_3ehybzpqvbdsjlegtnkdycupja	128	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	128	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	128	8	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	128	9	assumes	assume	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	128	10	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	128	11	infinite	infinite	JJ
work_3ehybzpqvbdsjlegtnkdycupja	128	12	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	128	13	economy	economy	NN
work_3ehybzpqvbdsjlegtnkdycupja	128	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	129	1	Un-	Un-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	129	2	der	der	IN
work_3ehybzpqvbdsjlegtnkdycupja	129	3	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	129	4	assumption	assumption	NN
work_3ehybzpqvbdsjlegtnkdycupja	129	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	129	6	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	129	7	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	129	8	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	129	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	129	10	bootstrap	bootstrap	NN
work_3ehybzpqvbdsjlegtnkdycupja	129	11	nature	nature	NN
work_3ehybzpqvbdsjlegtnkdycupja	129	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	129	13	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	129	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	129	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	129	16	steady	steady	JJ
work_3ehybzpqvbdsjlegtnkdycupja	129	17	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	129	18	state	state	NN
work_3ehybzpqvbdsjlegtnkdycupja	129	19	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	129	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	129	21	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	129	22	overlapping	overlap	VBG
work_3ehybzpqvbdsjlegtnkdycupja	129	23	generations	generation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	129	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	129	25	OLG	OLG	NNP
work_3ehybzpqvbdsjlegtnkdycupja	129	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	129	27	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	129	28	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	129	29	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	129	30	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	129	31	live	live	VBP
work_3ehybzpqvbdsjlegtnkdycupja	129	32	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	129	33	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	129	34	periods	period	NNS
work_3ehybzpqvbdsjlegtnkdycupja	129	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	130	1	Spiegel	Spiegel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	130	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	130	3	1998	1998	CD
work_3ehybzpqvbdsjlegtnkdycupja	130	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	130	5	studies	study	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	130	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	130	7	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	130	8	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	130	9	symmetric	symmetric	JJ
work_3ehybzpqvbdsjlegtnkdycupja	130	10	information.8	information.8	PRP
work_3ehybzpqvbdsjlegtnkdycupja	130	11	Watanabe	Watanabe	NNP
work_3ehybzpqvbdsjlegtnkdycupja	130	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	130	13	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	130	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	130	15	extends	extend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	130	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	130	17	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	130	18	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	130	19	Spiegel	Spiegel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	130	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	130	21	1998	1998	CD
work_3ehybzpqvbdsjlegtnkdycupja	130	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	130	23	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	130	24	account	account	VB
work_3ehybzpqvbdsjlegtnkdycupja	130	25	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	130	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	130	27	possibility	possibility	NN
work_3ehybzpqvbdsjlegtnkdycupja	130	28	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	130	29	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	130	30	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	130	31	heterogeneous	heterogeneous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	130	32	short	short	RB
work_3ehybzpqvbdsjlegtnkdycupja	130	33	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	130	34	lived	live	VBN
work_3ehybzpqvbdsjlegtnkdycupja	130	35	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	130	36	information.9	information.9	CD
work_3ehybzpqvbdsjlegtnkdycupja	130	37	Other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	130	38	authors	author	NNS
work_3ehybzpqvbdsjlegtnkdycupja	130	39	generate	generate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	130	40	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	130	41	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	130	42	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	130	43	finite	finite	JJ
work_3ehybzpqvbdsjlegtnkdycupja	130	44	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	130	45	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	130	46	economies	economy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	130	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	131	1	Zhang	Zhang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	131	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	131	3	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	131	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	131	5	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	131	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	131	7	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	131	8	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	131	9	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	131	10	trad-	trad-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	131	11	ing	ing	NN
work_3ehybzpqvbdsjlegtnkdycupja	131	12	generates	generate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	131	13	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	131	14	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	131	15	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	131	16	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	131	17	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	131	18	ranked	rank	VBN
work_3ehybzpqvbdsjlegtnkdycupja	131	19	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	131	20	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	131	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	131	22	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	131	23	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	131	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	132	1	However	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	132	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	132	3	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	132	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	132	5	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	132	6	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	132	7	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	132	8	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	132	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	132	10	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	132	11	acquisition	acquisition	NN
work_3ehybzpqvbdsjlegtnkdycupja	132	12	stage	stage	NN
work_3ehybzpqvbdsjlegtnkdycupja	132	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	132	14	whereas	whereas	IN
work_3ehybzpqvbdsjlegtnkdycupja	132	15	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	132	16	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	132	17	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	132	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	132	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	132	20	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	132	21	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	132	22	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	132	23	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	132	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	133	1	Furthermore	furthermore	RB
work_3ehybzpqvbdsjlegtnkdycupja	133	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	133	3	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	133	4	informa-	informa-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	133	5	tion	tion	NN
work_3ehybzpqvbdsjlegtnkdycupja	133	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	133	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	133	8	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	133	9	crowds	crowd	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	133	10	out	out	RP
work_3ehybzpqvbdsjlegtnkdycupja	133	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	133	12	production	production	NN
work_3ehybzpqvbdsjlegtnkdycupja	133	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	133	14	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	133	15	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	133	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	133	17	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	133	18	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	133	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	133	20	opposite	opposite	NN
work_3ehybzpqvbdsjlegtnkdycupja	133	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	133	22	what	what	WP
work_3ehybzpqvbdsjlegtnkdycupja	133	23	happens	happen	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	133	24	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	133	25	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	133	26	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	133	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	134	1	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	134	2	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	134	3	lines	line	NNS
work_3ehybzpqvbdsjlegtnkdycupja	134	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	134	5	Avdis	Avdis	NNP
work_3ehybzpqvbdsjlegtnkdycupja	134	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	134	7	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	134	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	134	9	finds	find	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	134	10	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	134	11	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	134	12	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	134	13	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	134	14	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	134	15	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	134	16	generate	generate	VB
work_3ehybzpqvbdsjlegtnkdycupja	134	17	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	134	18	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	134	19	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	134	20	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	134	21	acquisition	acquisition	NN
work_3ehybzpqvbdsjlegtnkdycupja	134	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	135	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	135	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	135	3	Chen	Chen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	135	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	135	5	Huang	Huang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	135	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	135	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	135	8	Zhang	Zhang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	135	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	135	10	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	135	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	135	12	analyze	analyze	VB
work_3ehybzpqvbdsjlegtnkdycupja	135	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	135	14	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	135	15	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	135	16	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	135	17	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	135	18	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	135	19	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	135	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	135	21	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	135	22	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	135	23	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	135	24	receive	receive	VBP
work_3ehybzpqvbdsjlegtnkdycupja	135	25	sig-	sig-	NN
work_3ehybzpqvbdsjlegtnkdycupja	135	26	nals	nal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	135	27	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	135	28	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	135	29	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	135	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	136	1	These	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	136	2	authors	author	NNS
work_3ehybzpqvbdsjlegtnkdycupja	136	3	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	136	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	136	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	136	6	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	136	7	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	136	8	transient	transient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	136	9	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	136	10	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	136	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	136	12	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	136	13	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	136	14	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	136	15	arise	arise	VB
work_3ehybzpqvbdsjlegtnkdycupja	136	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	136	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	136	18	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	136	19	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	136	20	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	136	21	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	136	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	137	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	137	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	137	3	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	137	4	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	137	5	8In	8in	CD
work_3ehybzpqvbdsjlegtnkdycupja	137	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	137	7	absence	absence	NN
work_3ehybzpqvbdsjlegtnkdycupja	137	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	137	9	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	137	10	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	137	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	137	12	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	137	13	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	137	14	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	137	15	akin	akin	JJ
work_3ehybzpqvbdsjlegtnkdycupja	137	16	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	137	17	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	137	18	finite	finite	JJ
work_3ehybzpqvbdsjlegtnkdycupja	137	19	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	137	20	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	137	21	version	version	NN
work_3ehybzpqvbdsjlegtnkdycupja	137	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	137	23	Spiegel	Spiegel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	137	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	137	25	1998	1998	CD
work_3ehybzpqvbdsjlegtnkdycupja	137	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	137	27	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	137	28	hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	137	29	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	137	30	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	137	31	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	137	32	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	137	33	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	137	34	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	137	35	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	137	36	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	137	37	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	137	38	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	137	39	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	137	40	obtains	obtain	NNS
work_3ehybzpqvbdsjlegtnkdycupja	137	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	138	1	9In	9in	CD
work_3ehybzpqvbdsjlegtnkdycupja	138	2	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	138	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	138	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	138	5	too	too	RB
work_3ehybzpqvbdsjlegtnkdycupja	138	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	138	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	138	8	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	138	9	concentrates	concentrate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	138	10	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	138	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	138	12	steady	steady	JJ
work_3ehybzpqvbdsjlegtnkdycupja	138	13	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	138	14	state	state	NN
work_3ehybzpqvbdsjlegtnkdycupja	138	15	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	138	16	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	138	17	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	138	18	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	138	19	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	138	20	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	138	21	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	138	22	directly	directly	RB
work_3ehybzpqvbdsjlegtnkdycupja	138	23	comparable	comparable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	138	24	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	138	25	ours	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	138	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	139	1	Furthermore	furthermore	RB
work_3ehybzpqvbdsjlegtnkdycupja	139	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	139	3	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	139	4	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	139	5	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	139	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	139	7	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	139	8	lived	live	VBN
work_3ehybzpqvbdsjlegtnkdycupja	139	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	139	10	Watanabe	Watanabe	NNP
work_3ehybzpqvbdsjlegtnkdycupja	139	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	139	12	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	139	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	139	14	whereas	whereas	IN
work_3ehybzpqvbdsjlegtnkdycupja	139	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	139	16	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	139	17	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	139	18	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	139	19	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	139	20	long	long	RB
work_3ehybzpqvbdsjlegtnkdycupja	139	21	lived	live	VBN
work_3ehybzpqvbdsjlegtnkdycupja	139	22	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	139	23	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	139	24	difference	difference	NN
work_3ehybzpqvbdsjlegtnkdycupja	139	25	substantially	substantially	RB
work_3ehybzpqvbdsjlegtnkdycupja	139	26	changes	change	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	139	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	139	28	nature	nature	NN
work_3ehybzpqvbdsjlegtnkdycupja	139	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	139	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	139	31	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	139	32	problem	problem	NN
work_3ehybzpqvbdsjlegtnkdycupja	139	33	faced	face	VBN
work_3ehybzpqvbdsjlegtnkdycupja	139	34	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	139	35	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	139	36	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	139	37	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	139	38	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	139	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	140	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	140	2	related	related	JJ
work_3ehybzpqvbdsjlegtnkdycupja	140	3	research	research	NN
work_3ehybzpqvbdsjlegtnkdycupja	140	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	140	5	Dennert	Dennert	NNP
work_3ehybzpqvbdsjlegtnkdycupja	140	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	140	7	1991	1991	CD
work_3ehybzpqvbdsjlegtnkdycupja	140	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	140	9	concentrates	concentrate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	140	10	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	140	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	140	12	steady	steady	JJ
work_3ehybzpqvbdsjlegtnkdycupja	140	13	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	140	14	state	state	NN
work_3ehybzpqvbdsjlegtnkdycupja	140	15	solution	solution	NN
work_3ehybzpqvbdsjlegtnkdycupja	140	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	140	17	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	140	18	OLG	OLG	NNP
work_3ehybzpqvbdsjlegtnkdycupja	140	19	extension	extension	NN
work_3ehybzpqvbdsjlegtnkdycupja	140	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	140	21	Grossman	Grossman	NNP
work_3ehybzpqvbdsjlegtnkdycupja	140	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	140	23	Stiglitz	Stiglitz	NNP
work_3ehybzpqvbdsjlegtnkdycupja	140	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	140	25	1980	1980	CD
work_3ehybzpqvbdsjlegtnkdycupja	140	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	140	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	141	1	Private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	141	2	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	141	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	141	4	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	141	5	lived	live	VBN
work_3ehybzpqvbdsjlegtnkdycupja	141	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	141	7	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	141	8	setup	setup	NN
work_3ehybzpqvbdsjlegtnkdycupja	141	9	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	141	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	142	1	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	142	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	142	3	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	4	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	5	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	142	7	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	142	8	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	142	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	142	11	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	142	13	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	142	14	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	142	16	boosted	boost	VBN
work_3ehybzpqvbdsjlegtnkdycupja	142	17	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	142	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	142	19	dispersion	dispersion	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	142	21	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	142	22	precisions.10	precisions.10	NNP
work_3ehybzpqvbdsjlegtnkdycupja	142	23	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	142	24	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	142	25	stream	stream	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	142	27	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	28	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	142	29	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	142	30	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	142	31	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	32	relates	relate	NNS
work_3ehybzpqvbdsjlegtnkdycupja	142	33	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	142	34	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	142	35	work	work	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	36	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	142	37	addresses	address	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	142	38	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	142	39	influence	influence	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	40	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	142	41	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	142	42	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	142	43	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	44	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	142	45	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	142	46	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	142	47	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	142	48	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	142	49	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	142	50	Allen	Allen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	142	51	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	142	52	Morris	Morris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	142	53	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	142	54	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	142	55	Shin	Shin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	142	56	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	142	57	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	142	58	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	142	59	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	142	60	Nimark	Nimark	NNP
work_3ehybzpqvbdsjlegtnkdycupja	142	61	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	142	62	2007	2007	CD
work_3ehybzpqvbdsjlegtnkdycupja	142	63	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	142	64	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	142	65	Bacchetta	Bacchetta	NNP
work_3ehybzpqvbdsjlegtnkdycupja	142	66	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	142	67	van	van	NNP
work_3ehybzpqvbdsjlegtnkdycupja	142	68	Wincoop	Wincoop	NNP
work_3ehybzpqvbdsjlegtnkdycupja	142	69	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	142	70	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	142	71	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	142	72	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	142	73	Kondor	Kondor	NNP
work_3ehybzpqvbdsjlegtnkdycupja	142	74	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	142	75	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	142	76	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	142	77	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	142	78	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	143	1	Bacchetta	Bacchetta	NNP
work_3ehybzpqvbdsjlegtnkdycupja	143	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	143	3	van	van	NNP
work_3ehybzpqvbdsjlegtnkdycupja	143	4	Wincoop	Wincoop	NNP
work_3ehybzpqvbdsjlegtnkdycupja	143	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	143	6	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	143	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	143	8	study	study	VB
work_3ehybzpqvbdsjlegtnkdycupja	143	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	143	10	role	role	NN
work_3ehybzpqvbdsjlegtnkdycupja	143	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	143	12	HOEs	hoe	NNS
work_3ehybzpqvbdsjlegtnkdycupja	143	13	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	143	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	143	15	foreign	foreign	JJ
work_3ehybzpqvbdsjlegtnkdycupja	143	16	exchange	exchange	NN
work_3ehybzpqvbdsjlegtnkdycupja	143	17	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	143	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	144	1	They	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	144	2	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	144	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	144	4	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	144	5	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	144	6	worsen	worsen	VBP
work_3ehybzpqvbdsjlegtnkdycupja	144	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	144	8	signal	signal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	144	9	extraction	extraction	NN
work_3ehybzpqvbdsjlegtnkdycupja	144	10	problem	problem	NN
work_3ehybzpqvbdsjlegtnkdycupja	144	11	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	144	12	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	144	13	face	face	VBP
work_3ehybzpqvbdsjlegtnkdycupja	144	14	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	144	15	observing	observe	VBG
work_3ehybzpqvbdsjlegtnkdycupja	144	16	exchange	exchange	NN
work_3ehybzpqvbdsjlegtnkdycupja	144	17	rate	rate	NN
work_3ehybzpqvbdsjlegtnkdycupja	144	18	fluctuations	fluctuation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	144	19	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	144	20	originate	originate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	144	21	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	144	22	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	144	23	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	144	24	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	144	25	hedging	hedge	VBG
work_3ehybzpqvbdsjlegtnkdycupja	144	26	motives	motive	NNS
work_3ehybzpqvbdsjlegtnkdycupja	144	27	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	144	28	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	144	29	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	144	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	145	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	145	2	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	145	3	setup	setup	NN
work_3ehybzpqvbdsjlegtnkdycupja	145	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	145	5	deterioration	deterioration	NN
work_3ehybzpqvbdsjlegtnkdycupja	145	6	occurs	occur	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	145	7	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	145	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	145	9	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	145	10	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	145	11	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	145	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	145	13	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	145	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	145	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	145	16	contrast	contrast	NN
work_3ehybzpqvbdsjlegtnkdycupja	145	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	145	18	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	145	19	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	145	20	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	145	21	reaction	reaction	NN
work_3ehybzpqvbdsjlegtnkdycupja	145	22	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	145	23	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	145	24	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	145	25	makes	make	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	145	26	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	145	27	extraction	extraction	NN
work_3ehybzpqvbdsjlegtnkdycupja	145	28	less	less	JJR
work_3ehybzpqvbdsjlegtnkdycupja	145	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	145	30	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	145	31	problem	problem	NN
work_3ehybzpqvbdsjlegtnkdycupja	145	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	146	1	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	146	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	146	3	noteworthy	noteworthy	JJ
work_3ehybzpqvbdsjlegtnkdycupja	146	4	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	146	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	146	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	146	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	146	8	contrast	contrast	NN
work_3ehybzpqvbdsjlegtnkdycupja	146	9	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	146	10	DO	DO	NNP
work_3ehybzpqvbdsjlegtnkdycupja	146	11	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	146	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	146	13	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	146	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	146	15	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	146	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	146	17	Kandel	Kandel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	146	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	146	19	Pearson	Pearson	NNP
work_3ehybzpqvbdsjlegtnkdycupja	146	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	146	21	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	146	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	146	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	146	24	Banerjee	Banerjee	NNP
work_3ehybzpqvbdsjlegtnkdycupja	146	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	146	26	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	146	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	146	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	146	29	Kondor	Kondor	NNP
work_3ehybzpqvbdsjlegtnkdycupja	146	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	146	31	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	146	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	146	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	146	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	146	35	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	146	36	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	146	37	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	146	38	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	146	39	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	146	40	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	146	41	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	146	42	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	146	43	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	146	44	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	146	45	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	146	46	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	146	47	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	146	48	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	146	49	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	146	50	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	146	51	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	146	52	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	146	53	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	146	54	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	146	55	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	146	56	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	146	57	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	146	58	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	146	59	negatively	negatively	RB
work_3ehybzpqvbdsjlegtnkdycupja	146	60	related	relate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	146	61	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	146	62	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	146	63	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	146	64	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	147	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	147	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	147	3	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	147	4	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	147	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	147	6	related	relate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	147	7	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	147	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	147	9	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	147	10	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	147	11	limits	limit	NNS
work_3ehybzpqvbdsjlegtnkdycupja	147	12	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	147	13	arbitrage	arbitrage	VB
work_3ehybzpqvbdsjlegtnkdycupja	147	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	148	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	148	2	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	148	3	regard	regard	NN
work_3ehybzpqvbdsjlegtnkdycupja	148	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	148	5	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	148	6	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	148	7	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	148	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	148	9	reminiscent	reminiscent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	148	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	148	11	De	De	NNP
work_3ehybzpqvbdsjlegtnkdycupja	148	12	Long	Long	NNP
work_3ehybzpqvbdsjlegtnkdycupja	148	13	et	et	NNP
work_3ehybzpqvbdsjlegtnkdycupja	148	14	al	al	NNP
work_3ehybzpqvbdsjlegtnkdycupja	148	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	149	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	149	2	1990	1990	CD
work_3ehybzpqvbdsjlegtnkdycupja	149	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	149	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	149	5	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	149	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	149	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	149	8	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	149	9	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	149	10	rational	rational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	149	11	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	149	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	149	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	149	14	finite	finite	JJ
work_3ehybzpqvbdsjlegtnkdycupja	149	15	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	149	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	150	1	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	150	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	150	3	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	150	4	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	150	5	naturally	naturally	RB
work_3ehybzpqvbdsjlegtnkdycupja	150	6	relates	relate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	150	7	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	150	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	150	9	strand	strand	NN
work_3ehybzpqvbdsjlegtnkdycupja	150	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	150	11	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	150	12	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	150	13	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	150	14	views	view	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	150	15	limits	limit	NNS
work_3ehybzpqvbdsjlegtnkdycupja	150	16	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	150	17	arbitrage	arbitrage	VB
work_3ehybzpqvbdsjlegtnkdycupja	150	18	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	150	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	150	20	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	150	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	150	22	how	how	WRB
work_3ehybzpqvbdsjlegtnkdycupja	150	23	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	150	24	non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	150	25	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	150	26	fundamental	fundamental	JJ
work_3ehybzpqvbdsjlegtnkdycupja	150	27	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	150	28	shocks	shock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	150	29	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	150	30	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	150	31	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	150	32	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	150	33	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	150	34	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	150	35	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	150	36	rational	rational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	150	37	agents	agent	NNS
work_3ehybzpqvbdsjlegtnkdycupja	150	38	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	150	39	Gromb	Gromb	NNP
work_3ehybzpqvbdsjlegtnkdycupja	150	40	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	150	41	Vayanos	Vayanos	NNP
work_3ehybzpqvbdsjlegtnkdycupja	150	42	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	150	43	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	150	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	150	45	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	150	46	Vayanos	Vayanos	NNP
work_3ehybzpqvbdsjlegtnkdycupja	150	47	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	150	48	Woolley	Woolley	NNP
work_3ehybzpqvbdsjlegtnkdycupja	150	49	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	150	50	2013	2013	CD
work_3ehybzpqvbdsjlegtnkdycupja	150	51	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	150	52	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	150	53	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	150	54	emphasizing	emphasize	VBG
work_3ehybzpqvbdsjlegtnkdycupja	150	55	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	150	56	role	role	NN
work_3ehybzpqvbdsjlegtnkdycupja	150	57	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	150	58	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	150	59	shocks	shock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	150	60	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	150	61	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	151	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	151	2	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	151	3	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	151	4	predicts	predict	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	151	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	151	6	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	151	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	151	8	related	relate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	151	9	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	151	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	151	11	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	151	12	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	151	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	151	14	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	151	15	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	151	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	151	17	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	151	18	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	151	19	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	151	20	line	line	NN
work_3ehybzpqvbdsjlegtnkdycupja	151	21	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	151	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	151	23	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	151	24	presented	present	VBN
work_3ehybzpqvbdsjlegtnkdycupja	151	25	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	151	26	Llorente	Llorente	NNP
work_3ehybzpqvbdsjlegtnkdycupja	151	27	et	et	FW
work_3ehybzpqvbdsjlegtnkdycupja	151	28	al	al	NNP
work_3ehybzpqvbdsjlegtnkdycupja	151	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	152	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	152	2	2002	2002	CD
work_3ehybzpqvbdsjlegtnkdycupja	152	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	152	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	153	1	Some	some	DT
work_3ehybzpqvbdsjlegtnkdycupja	153	2	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	153	3	claimed	claim	VBN
work_3ehybzpqvbdsjlegtnkdycupja	153	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	153	5	limits	limit	NNS
work_3ehybzpqvbdsjlegtnkdycupja	153	6	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	153	7	arbitrage	arbitrage	VB
work_3ehybzpqvbdsjlegtnkdycupja	153	8	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	153	9	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	153	10	responsible	responsible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	153	11	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	153	12	crashes	crash	NNS
work_3ehybzpqvbdsjlegtnkdycupja	153	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	153	14	meltdowns	meltdown	NNS
work_3ehybzpqvbdsjlegtnkdycupja	153	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	153	16	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	153	17	Duffie	Duffie	NNP
work_3ehybzpqvbdsjlegtnkdycupja	153	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	153	19	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	153	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	153	21	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	153	22	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	153	23	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	153	24	Khandani	Khandani	NNP
work_3ehybzpqvbdsjlegtnkdycupja	153	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	153	26	Lo	Lo	NNP
work_3ehybzpqvbdsjlegtnkdycupja	153	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	153	28	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	153	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	153	30	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	153	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	153	32	August	August	NNP
work_3ehybzpqvbdsjlegtnkdycupja	153	33	2007	2007	CD
work_3ehybzpqvbdsjlegtnkdycupja	153	34	quant	quant	NN
work_3ehybzpqvbdsjlegtnkdycupja	153	35	meltdown	meltdown	NN
work_3ehybzpqvbdsjlegtnkdycupja	153	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	153	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	154	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	154	2	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	154	3	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	154	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	154	5	meltdowns	meltdown	NNS
work_3ehybzpqvbdsjlegtnkdycupja	154	6	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	154	7	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	154	8	explained	explain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	154	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	154	10	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	154	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	154	12	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	154	13	transition	transition	NN
work_3ehybzpqvbdsjlegtnkdycupja	154	14	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	154	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	154	16	high-	high-	NN
work_3ehybzpqvbdsjlegtnkdycupja	154	17	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	154	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	154	19	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	154	20	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	154	21	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	154	22	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	154	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	155	1	II	II	NNP
work_3ehybzpqvbdsjlegtnkdycupja	155	2	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	155	3	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	155	4	benchmark	benchmark	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	5	Consider	consider	VB
work_3ehybzpqvbdsjlegtnkdycupja	155	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	155	7	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	155	8	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	155	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	10	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	11	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	155	13	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	155	14	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	155	15	single	single	JJ
work_3ehybzpqvbdsjlegtnkdycupja	155	16	risky	risky	JJ
work_3ehybzpqvbdsjlegtnkdycupja	155	17	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	155	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	155	20	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	21	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	22	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	155	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	155	25	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	155	26	riskless	riskless	JJ
work_3ehybzpqvbdsjlegtnkdycupja	155	27	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	155	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	155	30	unitary	unitary	JJ
work_3ehybzpqvbdsjlegtnkdycupja	155	31	return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	155	33	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	155	34	traded	trade	VBN
work_3ehybzpqvbdsjlegtnkdycupja	155	35	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	155	36	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	155	37	continuum	continuum	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	38	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	155	39	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	40	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	155	41	averse	averse	NNP
work_3ehybzpqvbdsjlegtnkdycupja	155	42	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	155	43	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	155	44	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	155	45	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	155	46	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	155	47	interval	interval	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	48	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	155	49	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	155	50	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	155	51	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	155	52	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	155	53	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	155	54	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	155	55	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	155	56	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	155	57	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	155	58	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	156	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	156	2	assume	assume	VBP
work_3ehybzpqvbdsjlegtnkdycupja	156	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	156	4	v	v	LS
work_3ehybzpqvbdsjlegtnkdycupja	156	5	∼	∼	JJ
work_3ehybzpqvbdsjlegtnkdycupja	156	6	N(v̄,τ−1v	N(v̄,τ−1v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	156	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	156	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	157	1	Investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	157	2	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	157	3	constant	constant	JJ
work_3ehybzpqvbdsjlegtnkdycupja	157	4	absolute	absolute	JJ
work_3ehybzpqvbdsjlegtnkdycupja	157	5	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	157	6	aversion	aversion	NN
work_3ehybzpqvbdsjlegtnkdycupja	157	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	157	8	CARA	CARA	NNP
work_3ehybzpqvbdsjlegtnkdycupja	157	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	157	10	preferences	preference	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	157	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	157	12	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	157	13	use	use	VBP
work_3ehybzpqvbdsjlegtnkdycupja	157	14	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	157	15	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	157	16	denote	denote	VB
work_3ehybzpqvbdsjlegtnkdycupja	157	17	10In	10In	NNP
work_3ehybzpqvbdsjlegtnkdycupja	157	18	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	157	19	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	157	20	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	157	21	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	157	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	157	23	Ganguli	Ganguli	NNP
work_3ehybzpqvbdsjlegtnkdycupja	157	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	157	25	Yang	Yang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	157	26	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	157	27	2009	2009	CD
work_3ehybzpqvbdsjlegtnkdycupja	157	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	157	29	discusses	discuss	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	157	30	complementarities	complementarity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	157	31	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	157	32	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	157	33	acquisition	acquisition	NN
work_3ehybzpqvbdsjlegtnkdycupja	157	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	158	1	9	9	CD
work_3ehybzpqvbdsjlegtnkdycupja	158	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	158	3	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	4	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	158	5	tolerance	tolerance	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	6	coefficient	coefficient	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	158	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	158	9	maximize	maximize	VB
work_3ehybzpqvbdsjlegtnkdycupja	158	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	158	11	expected	expected	JJ
work_3ehybzpqvbdsjlegtnkdycupja	158	12	utility	utility	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	158	14	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	158	15	wealth	wealth	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	16	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	158	17	Wi	Wi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	158	18	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	158	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	158	20	v−p)xi.11	v−p)xi.11	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	21	Before	before	IN
work_3ehybzpqvbdsjlegtnkdycupja	158	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	158	23	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	24	opens	open	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	158	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	158	26	each	each	DT
work_3ehybzpqvbdsjlegtnkdycupja	158	27	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	158	28	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	29	i	i	PRP
work_3ehybzpqvbdsjlegtnkdycupja	158	30	obtains	obtain	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	158	31	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	158	32	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	33	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	158	34	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	158	36	receiving	receive	VBG
work_3ehybzpqvbdsjlegtnkdycupja	158	37	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	158	38	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	39	si	si	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	40	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	158	41	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	42	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	158	43	εi	εi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	158	44	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	158	45	εi	εi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	158	46	∼	∼	NNP
work_3ehybzpqvbdsjlegtnkdycupja	158	47	N(0,τ−1ε	N(0,τ−1ε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	158	48	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	158	49	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	158	50	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	158	51	submits	submit	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	158	52	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	158	53	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	54	schedule	schedule	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	55	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	158	56	generalized	generalize	VBN
work_3ehybzpqvbdsjlegtnkdycupja	158	57	limit	limit	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	58	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	59	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	158	60	X(si	X(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	158	61	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	158	62	p	p	LS
work_3ehybzpqvbdsjlegtnkdycupja	158	63	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	158	64	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	158	65	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	158	66	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	67	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	158	68	indicating	indicate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	158	69	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	158	70	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	71	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	158	72	desired	desire	VBN
work_3ehybzpqvbdsjlegtnkdycupja	158	73	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	74	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	158	75	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	158	76	risky	risky	JJ
work_3ehybzpqvbdsjlegtnkdycupja	158	77	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	78	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	158	79	each	each	DT
work_3ehybzpqvbdsjlegtnkdycupja	158	80	realization	realization	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	81	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	158	82	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	158	83	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	84	price.12	price.12	NNP
work_3ehybzpqvbdsjlegtnkdycupja	158	85	Assume	Assume	NNP
work_3ehybzpqvbdsjlegtnkdycupja	158	86	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	158	87	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	88	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	158	89	εi	εi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	158	90	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	158	91	independent	independent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	158	92	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	158	93	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	158	94	i	i	PRP
work_3ehybzpqvbdsjlegtnkdycupja	158	95	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	158	96	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	158	97	error	error	NN
work_3ehybzpqvbdsjlegtnkdycupja	158	98	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	158	99	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	158	100	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	158	101	independent	independent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	158	102	across	across	IN
work_3ehybzpqvbdsjlegtnkdycupja	158	103	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	158	104	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	159	1	Liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	159	2	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	159	3	submit	submit	VBP
work_3ehybzpqvbdsjlegtnkdycupja	159	4	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	159	5	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	159	6	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	159	7	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	159	8	u	u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	159	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	159	10	independent	independent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	159	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	159	12	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	159	13	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	159	14	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	159	15	variables	variable	NNS
work_3ehybzpqvbdsjlegtnkdycupja	159	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	159	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	159	18	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	159	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	159	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	159	21	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	159	22	u	u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	159	23	∼	∼	NNP
work_3ehybzpqvbdsjlegtnkdycupja	159	24	N(0,τ−1u	N(0,τ−1u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	159	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	159	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	160	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	160	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	160	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	160	4	adopt	adopt	VBP
work_3ehybzpqvbdsjlegtnkdycupja	160	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	160	6	convention	convention	NN
work_3ehybzpqvbdsjlegtnkdycupja	160	7	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	160	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	160	9	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	160	10	signal∫	signal∫	CD
work_3ehybzpqvbdsjlegtnkdycupja	160	11	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	160	12	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	160	13	si	si	NN
work_3ehybzpqvbdsjlegtnkdycupja	160	14	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	160	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	160	16	equal	equal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	160	17	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	160	18	v	v	LS
work_3ehybzpqvbdsjlegtnkdycupja	160	19	almost	almost	RB
work_3ehybzpqvbdsjlegtnkdycupja	160	20	surely	surely	RB
work_3ehybzpqvbdsjlegtnkdycupja	160	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	161	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	161	2	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	161	3	words	word	NNS
work_3ehybzpqvbdsjlegtnkdycupja	161	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	161	5	errors	error	NNS
work_3ehybzpqvbdsjlegtnkdycupja	161	6	cancel	cancel	VBP
work_3ehybzpqvbdsjlegtnkdycupja	161	7	out	out	RP
work_3ehybzpqvbdsjlegtnkdycupja	161	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	161	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	161	10	aggregate:∫	aggregate:∫	NNP
work_3ehybzpqvbdsjlegtnkdycupja	161	11	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	161	12	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	161	13	εi	εi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	161	14	di	di	FW
work_3ehybzpqvbdsjlegtnkdycupja	161	15	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	161	16	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	161	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	162	1	13	13	CD
work_3ehybzpqvbdsjlegtnkdycupja	162	2	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	162	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	162	4	CARA	CARA	NNP
work_3ehybzpqvbdsjlegtnkdycupja	162	5	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	162	6	normal	normal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	162	7	framework	framework	NN
work_3ehybzpqvbdsjlegtnkdycupja	162	8	just	just	RB
work_3ehybzpqvbdsjlegtnkdycupja	162	9	described	describe	VBN
work_3ehybzpqvbdsjlegtnkdycupja	162	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	162	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	162	12	symmetric	symmetric	JJ
work_3ehybzpqvbdsjlegtnkdycupja	162	13	rational	rational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	162	14	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	162	15	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	162	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	17	REE	REE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	162	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	19	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	162	20	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	162	21	set	set	NN
work_3ehybzpqvbdsjlegtnkdycupja	162	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	162	23	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	162	24	contingent	contingent	NN
work_3ehybzpqvbdsjlegtnkdycupja	162	25	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	162	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	162	27	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	162	28	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	162	29	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	162	30	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	162	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	162	32	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	33	X(si	X(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	162	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	162	35	p	p	LS
work_3ehybzpqvbdsjlegtnkdycupja	162	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	37	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	162	38	i	i	PRP
work_3ehybzpqvbdsjlegtnkdycupja	162	39	∈	∈	IN
work_3ehybzpqvbdsjlegtnkdycupja	162	40	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	41	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	162	42	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	162	43	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	162	44	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	45	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	46	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	162	47	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	162	48	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	162	49	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	162	50	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	162	51	functional	functional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	162	52	P(v	p(v	NN
work_3ehybzpqvbdsjlegtnkdycupja	162	53	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	162	54	u	u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	162	55	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	56	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	57	measurable	measurable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	162	58	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	162	59	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	60	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	162	61	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	162	62	u	u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	162	63	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	64	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	65	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	162	66	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	162	67	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	162	68	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	162	69	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	70	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	162	71	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	162	72	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	162	73	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	74	optimize	optimize	NN
work_3ehybzpqvbdsjlegtnkdycupja	162	75	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	76	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	162	77	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	162	78	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	162	79	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	162	80	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	162	81	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	162	82	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	162	83	clears	clear	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	162	84	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	162	85	∫	∫	NFP
work_3ehybzpqvbdsjlegtnkdycupja	162	86	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	162	87	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	162	88	xi	xi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	162	89	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	162	90	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	162	91	u	u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	162	92	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	162	93	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	162	94	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	163	1	Given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	163	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	163	3	definition	definition	NN
work_3ehybzpqvbdsjlegtnkdycupja	163	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	163	5	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	163	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	163	7	easy	easy	JJ
work_3ehybzpqvbdsjlegtnkdycupja	163	8	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	163	9	verify	verify	VB
work_3ehybzpqvbdsjlegtnkdycupja	163	10	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	163	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	163	12	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	163	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	163	14	symmetric	symmetric	JJ
work_3ehybzpqvbdsjlegtnkdycupja	163	15	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	163	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	163	17	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	163	18	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	163	19	exists	exist	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	163	20	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	163	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	163	22	class	class	NN
work_3ehybzpqvbdsjlegtnkdycupja	163	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	163	24	equilibria	equilibria	NNP
work_3ehybzpqvbdsjlegtnkdycupja	163	25	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	163	26	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	163	27	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	163	28	functional	functional	NN
work_3ehybzpqvbdsjlegtnkdycupja	163	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	163	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	163	31	form	form	NN
work_3ehybzpqvbdsjlegtnkdycupja	163	32	P(v	P(v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	163	33	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	163	34	u	u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	163	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	163	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	163	37	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	163	38	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	163	39	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	163	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	163	41	Admati	Admati	NNP
work_3ehybzpqvbdsjlegtnkdycupja	163	42	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	163	43	1985	1985	CD
work_3ehybzpqvbdsjlegtnkdycupja	163	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	163	45	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	163	46	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	163	47	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	163	48	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	163	49	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	163	50	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	163	51	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	164	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	164	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	164	3	strategy	strategy	NN
work_3ehybzpqvbdsjlegtnkdycupja	164	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	164	5	CARA	CARA	NNP
work_3ehybzpqvbdsjlegtnkdycupja	164	6	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	164	7	i	i	PRP
work_3ehybzpqvbdsjlegtnkdycupja	164	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	164	9	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	164	10	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	164	11	X(si	X(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	164	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	164	13	p	p	LS
work_3ehybzpqvbdsjlegtnkdycupja	164	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	164	15	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	164	16	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	164	17	E[v|si	E[v|si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	164	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	164	19	p	p	NN
work_3ehybzpqvbdsjlegtnkdycupja	164	20	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	164	21	−p	−p	CD
work_3ehybzpqvbdsjlegtnkdycupja	164	22	Var[v|si	Var[v|si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	164	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	164	24	p	p	NN
work_3ehybzpqvbdsjlegtnkdycupja	164	25	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	164	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	165	1	Letting	let	VBG
work_3ehybzpqvbdsjlegtnkdycupja	165	2	τi	τi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	165	3	≡	≡	ADD
work_3ehybzpqvbdsjlegtnkdycupja	165	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	165	5	Var[v|si	Var[v|si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	165	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	165	7	p])−1	p])−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	165	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	165	9	denoting	denoting	NN
work_3ehybzpqvbdsjlegtnkdycupja	165	10	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	165	11	αE	αE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	165	12	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	165	13	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	165	14	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	165	15	τi	τi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	165	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	165	17	optimal	optimal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	165	18	statistical	statistical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	165	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	165	20	Bayesian	bayesian	JJ
work_3ehybzpqvbdsjlegtnkdycupja	165	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	165	22	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	165	23	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	165	24	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	165	25	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	165	26	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	165	27	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	165	28	E[v|si	E[v|si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	165	29	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	165	30	p	p	LS
work_3ehybzpqvbdsjlegtnkdycupja	165	31	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	165	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	165	33	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	165	34	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	165	35	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	165	36	γτi	γτi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	165	37	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	165	38	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	165	39	a	a	LS
work_3ehybzpqvbdsjlegtnkdycupja	165	40	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	165	41	αE	αe	NN
work_3ehybzpqvbdsjlegtnkdycupja	165	42	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	165	43	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	165	44	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	165	45	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	165	46	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	165	47	γτε	γτε	NN
work_3ehybzpqvbdsjlegtnkdycupja	165	48	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	165	49	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	165	50	1	1	LS
work_3ehybzpqvbdsjlegtnkdycupja	165	51	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	165	52	denotes	denote	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	165	53	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	165	54	responsiveness	responsiveness	NN
work_3ehybzpqvbdsjlegtnkdycupja	165	55	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	165	56	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	165	57	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	165	58	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	165	59	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	165	60	i.	i.	NN
work_3ehybzpqvbdsjlegtnkdycupja	166	1	Note	note	VB
work_3ehybzpqvbdsjlegtnkdycupja	166	2	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	166	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	166	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	166	5	independent	independent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	166	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	166	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	166	8	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	166	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	166	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	166	11	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	166	12	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	166	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	166	14	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	166	15	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	166	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	167	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	167	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	167	3	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	167	4	Var[v|si	Var[v|si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	167	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	167	6	p	p	NN
work_3ehybzpqvbdsjlegtnkdycupja	167	7	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	167	8	cancels	cancel	NNS
work_3ehybzpqvbdsjlegtnkdycupja	167	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	167	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	167	11	numerator	numerator	NN
work_3ehybzpqvbdsjlegtnkdycupja	167	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	167	13	denominator	denominator	NN
work_3ehybzpqvbdsjlegtnkdycupja	167	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	167	15	X(si	X(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	167	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	167	17	p	p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	167	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	167	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	168	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	168	2	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	168	3	clearing	clearing	NN
work_3ehybzpqvbdsjlegtnkdycupja	168	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	168	5	imposed	impose	VBN
work_3ehybzpqvbdsjlegtnkdycupja	168	6	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	168	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	168	8	11We	11We	NNP
work_3ehybzpqvbdsjlegtnkdycupja	168	9	assume	assume	VBP
work_3ehybzpqvbdsjlegtnkdycupja	168	10	without	without	IN
work_3ehybzpqvbdsjlegtnkdycupja	168	11	loss	loss	NN
work_3ehybzpqvbdsjlegtnkdycupja	168	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	168	13	generality	generality	NN
work_3ehybzpqvbdsjlegtnkdycupja	168	14	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	168	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	168	16	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	168	17	CARA	CARA	NNP
work_3ehybzpqvbdsjlegtnkdycupja	168	18	preferences	preference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	168	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	168	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	168	21	nonrandom	nonrandom	NNP
work_3ehybzpqvbdsjlegtnkdycupja	168	22	endowment	endowment	NN
work_3ehybzpqvbdsjlegtnkdycupja	168	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	168	24	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	168	25	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	168	26	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	168	27	zero	zero	CD
work_3ehybzpqvbdsjlegtnkdycupja	168	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	169	1	12The	12the	CD
work_3ehybzpqvbdsjlegtnkdycupja	169	2	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	169	3	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	169	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	169	5	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	169	6	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	169	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	169	8	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	169	9	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	169	10	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	169	11	symmetric	symmetric	JJ
work_3ehybzpqvbdsjlegtnkdycupja	169	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	170	1	13This	13this	CD
work_3ehybzpqvbdsjlegtnkdycupja	170	2	convention	convention	NN
work_3ehybzpqvbdsjlegtnkdycupja	170	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	170	4	justified	justify	VBN
work_3ehybzpqvbdsjlegtnkdycupja	170	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	170	6	Section	Section	NNP
work_3ehybzpqvbdsjlegtnkdycupja	170	7	3.1	3.1	CD
work_3ehybzpqvbdsjlegtnkdycupja	170	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	170	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	170	10	Technical	Technical	NNP
work_3ehybzpqvbdsjlegtnkdycupja	170	11	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	170	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	170	13	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	170	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	170	15	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	170	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	170	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	171	1	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	171	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	171	3	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	171	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	171	5	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	171	6	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	171	7	p	p	NN
work_3ehybzpqvbdsjlegtnkdycupja	171	8	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	171	9	∫	∫	NFP
work_3ehybzpqvbdsjlegtnkdycupja	171	10	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	171	11	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	171	12	Ei[v	Ei[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	171	13	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	171	14	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	171	15	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	171	16	αE	αe	NN
work_3ehybzpqvbdsjlegtnkdycupja	171	17	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	171	18	u	u	NN
work_3ehybzpqvbdsjlegtnkdycupja	171	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	171	20	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	171	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	171	22	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	171	23	E[v|p	E[v|p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	171	24	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	171	25	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	171	26	ΛE[u|p	λe[u|p	NN
work_3ehybzpqvbdsjlegtnkdycupja	171	27	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	171	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	171	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	171	30	3	3	LS
work_3ehybzpqvbdsjlegtnkdycupja	171	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	171	32	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	171	33	E[u|p	E[u|p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	171	34	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	171	35	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	171	36	a(v	a(v	CD
work_3ehybzpqvbdsjlegtnkdycupja	171	37	−E[v|p	−E[v|p	.
work_3ehybzpqvbdsjlegtnkdycupja	171	38	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	171	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	171	40	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	171	41	u	u	NN
work_3ehybzpqvbdsjlegtnkdycupja	171	42	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	171	43	Λ	Λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	171	44	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	171	45	Vari[v	Vari[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	171	46	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	171	47	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	171	48	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	172	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	172	2	4	4	LS
work_3ehybzpqvbdsjlegtnkdycupja	172	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	172	4	Equations	equation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	172	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	172	6	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	172	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	172	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	172	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	172	10	3	3	LS
work_3ehybzpqvbdsjlegtnkdycupja	172	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	172	12	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	172	13	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	172	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	172	15	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	172	16	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	172	17	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	172	18	represented	represent	VBN
work_3ehybzpqvbdsjlegtnkdycupja	172	19	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	172	20	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	172	21	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	172	22	ways	way	NNS
work_3ehybzpqvbdsjlegtnkdycupja	172	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	173	1	Ac-	ac-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	173	2	cording	cord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	173	3	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	173	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	173	5	representation	representation	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	173	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	173	8	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	173	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	173	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	173	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	173	12	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	13	reflects	reflect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	173	14	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	173	15	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	173	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	173	17	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	18	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	19	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	173	20	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	173	21	hold	hold	VBP
work_3ehybzpqvbdsjlegtnkdycupja	173	22	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	173	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	173	24	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	25	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	26	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	173	27	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	173	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	173	29	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	30	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	173	31	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	32	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	173	33	liquid-	liquid-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	173	34	ity	ity	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	35	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	173	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	173	37	multiplied	multiply	VBN
work_3ehybzpqvbdsjlegtnkdycupja	173	38	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	173	39	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	173	40	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	41	tolerance	tolerance	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	42	–	–	:
work_3ehybzpqvbdsjlegtnkdycupja	173	43	weighted	weighted	JJ
work_3ehybzpqvbdsjlegtnkdycupja	173	44	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	45	over	over	IN
work_3ehybzpqvbdsjlegtnkdycupja	173	46	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	173	47	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	48	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	173	49	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	173	50	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	174	1	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	174	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	174	3	owing	owe	VBG
work_3ehybzpqvbdsjlegtnkdycupja	174	4	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	174	5	CARA	CARA	NNP
work_3ehybzpqvbdsjlegtnkdycupja	174	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	174	7	normality	normality	NN
work_3ehybzpqvbdsjlegtnkdycupja	174	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	174	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	174	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	174	11	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	174	12	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	174	13	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	174	14	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	174	15	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	174	16	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	174	17	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	174	18	proportional	proportional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	174	19	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	174	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	174	21	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	174	22	gains	gain	NNS
work_3ehybzpqvbdsjlegtnkdycupja	174	23	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	174	24	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	174	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	174	26	E[v|si	E[v|si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	174	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	174	28	p]−p	p]−p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	174	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	175	1	Because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	175	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	175	3	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	175	4	aggregates	aggregate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	175	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	175	6	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	175	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	175	8	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	175	9	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	175	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	175	11	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	175	12	reflects	reflect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	175	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	175	14	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	175	15	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	175	16	∫	∫	:
work_3ehybzpqvbdsjlegtnkdycupja	175	17	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	175	18	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	175	19	Ei[v	Ei[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	175	20	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	175	21	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	175	22	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	175	23	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	175	24	shocked	shock	VBN
work_3ehybzpqvbdsjlegtnkdycupja	175	25	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	175	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	175	27	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	175	28	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	175	29	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	175	30	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	175	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	176	1	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	176	2	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	176	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	176	4	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	176	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	176	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	176	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	176	8	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	176	9	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	176	10	reflects	reflect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	176	11	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	176	12	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	176	13	estimates	estimate	NNS
work_3ehybzpqvbdsjlegtnkdycupja	176	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	176	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	176	16	fundamen-	fundamen-	NN
work_3ehybzpqvbdsjlegtnkdycupja	176	17	tals	tal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	176	18	v	v	IN
work_3ehybzpqvbdsjlegtnkdycupja	176	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	176	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	176	21	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	176	22	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	176	23	called	call	VBN
work_3ehybzpqvbdsjlegtnkdycupja	176	24	semi	semi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	176	25	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	176	26	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	176	27	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	176	28	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	176	29	E[v|p	E[v|p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	176	30	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	176	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	176	32	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	176	33	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	176	34	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	176	35	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	176	36	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	176	37	demand	demand	VBP
work_3ehybzpqvbdsjlegtnkdycupja	176	38	u	u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	176	39	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	176	40	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	176	41	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	176	42	averse	averse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	176	43	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	176	44	demand	demand	VBP
work_3ehybzpqvbdsjlegtnkdycupja	176	45	compensation	compensation	NN
work_3ehybzpqvbdsjlegtnkdycupja	176	46	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	176	47	accommodating	accommodate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	176	48	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	176	49	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	176	50	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	176	51	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	176	52	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	177	1	Under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	177	2	asymmetric	asymmetric	JJ
work_3ehybzpqvbdsjlegtnkdycupja	177	3	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	177	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	177	5	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	177	6	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	177	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	177	8	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	177	9	perfectly	perfectly	RB
work_3ehybzpqvbdsjlegtnkdycupja	177	10	observable	observable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	177	11	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	177	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	177	13	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	177	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	178	1	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	178	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	178	3	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	178	4	compensation	compensation	NN
work_3ehybzpqvbdsjlegtnkdycupja	178	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	178	6	increasing	increase	VBG
work_3ehybzpqvbdsjlegtnkdycupja	178	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	178	8	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	178	9	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	178	10	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	178	11	estimate	estimate	NN
work_3ehybzpqvbdsjlegtnkdycupja	178	12	E[u|p	E[u|p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	178	13	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	178	14	scaled	scale	VBN
work_3ehybzpqvbdsjlegtnkdycupja	178	15	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	178	16	Λ.	Λ.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	179	1	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	179	2	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	179	3	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	179	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	179	5	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	179	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	179	7	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	179	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	179	9	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	179	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	179	11	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	179	12	E[u|p	E[u|p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	179	13	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	179	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	179	15	greater	great	JJR
work_3ehybzpqvbdsjlegtnkdycupja	179	16	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	179	17	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	179	18	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	179	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	179	20	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	179	21	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	179	22	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	179	23	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	179	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	179	25	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	179	26	involved	involve	VBN
work_3ehybzpqvbdsjlegtnkdycupja	179	27	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	179	28	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	179	29	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	179	30	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	179	31	Λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	179	32	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	179	33	greater	great	JJR
work_3ehybzpqvbdsjlegtnkdycupja	179	34	compensation	compensation	NN
work_3ehybzpqvbdsjlegtnkdycupja	179	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	180	1	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	180	2	Λ	Λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	180	3	captures	capture	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	180	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	180	5	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	180	6	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	180	7	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	180	8	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	180	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	180	10	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	180	11	liquidity.14	liquidity.14	NNP
work_3ehybzpqvbdsjlegtnkdycupja	180	12	Liquidity	Liquidity	NNP
work_3ehybzpqvbdsjlegtnkdycupja	180	13	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	180	14	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	180	15	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	180	16	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	180	17	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	180	18	additional	additional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	180	19	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	180	20	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	180	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	180	22	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	180	23	through	through	IN
work_3ehybzpqvbdsjlegtnkdycupja	180	24	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	180	25	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	180	26	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	180	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	180	28	semi	semi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	180	29	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	180	30	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	180	31	effi-	effi-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	180	32	cient	cient	NN
work_3ehybzpqvbdsjlegtnkdycupja	180	33	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	180	34	E[v|p	E[v|p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	180	35	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	180	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	181	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	181	2	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	3	induces	induce	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	181	4	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	181	5	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	6	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	7	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	181	8	adds	add	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	181	9	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	181	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	181	11	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	12	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	181	14	implying	imply	VBG
work_3ehybzpqvbdsjlegtnkdycupja	181	15	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	181	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	181	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	181	18	reciprocal	reciprocal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	181	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	181	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	181	21	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	22	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	23	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	181	24	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	181	25	written	write	VBN
work_3ehybzpqvbdsjlegtnkdycupja	181	26	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	181	27	λ	λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	181	28	≡	≡	CD
work_3ehybzpqvbdsjlegtnkdycupja	181	29	∂p	∂p	:
work_3ehybzpqvbdsjlegtnkdycupja	181	30	∂u	∂u	.
work_3ehybzpqvbdsjlegtnkdycupja	181	31	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	181	32	Λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	33	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	181	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	181	35	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	181	36	−αE	−αE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	181	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	181	38	aτu	aτu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	181	39	τ	τ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	181	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	181	41	14When	14When	NNP
work_3ehybzpqvbdsjlegtnkdycupja	181	42	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	43	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	181	44	averse	averse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	181	45	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	181	46	accommodate	accommodate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	181	47	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	181	48	expectedly	expectedly	RB
work_3ehybzpqvbdsjlegtnkdycupja	181	49	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	181	50	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	51	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	181	52	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	53	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	181	54	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	181	55	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	181	56	former	former	JJ
work_3ehybzpqvbdsjlegtnkdycupja	181	57	require	require	JJ
work_3ehybzpqvbdsjlegtnkdycupja	181	58	compensation	compensation	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	59	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	181	60	risking	risk	VBG
work_3ehybzpqvbdsjlegtnkdycupja	181	61	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	181	62	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	181	63	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	64	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	65	ends	end	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	181	66	up	up	RP
work_3ehybzpqvbdsjlegtnkdycupja	181	67	being	be	VBG
work_3ehybzpqvbdsjlegtnkdycupja	181	68	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	181	69	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	181	70	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	181	71	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	181	72	expectation	expectation	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	73	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	181	74	conversely	conversely	RB
work_3ehybzpqvbdsjlegtnkdycupja	181	75	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	181	76	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	181	77	E[u|p	E[u|p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	181	78	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	181	79	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	181	80	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	181	81	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	181	82	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	181	83	insist	insist	VBP
work_3ehybzpqvbdsjlegtnkdycupja	181	84	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	181	85	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	181	86	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	87	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	181	88	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	181	89	lower	low	JJR
work_3ehybzpqvbdsjlegtnkdycupja	181	90	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	181	91	E[v|p]—to	E[v|p]—to	NNP
work_3ehybzpqvbdsjlegtnkdycupja	181	92	cover	cover	VB
work_3ehybzpqvbdsjlegtnkdycupja	181	93	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	181	94	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	181	95	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	181	96	v	v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	181	97	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	181	98	E[v|p	E[v|p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	181	99	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	181	100	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	181	101	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	182	1	Such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	182	2	compensation	compensation	NN
work_3ehybzpqvbdsjlegtnkdycupja	182	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	182	4	increasing	increase	VBG
work_3ehybzpqvbdsjlegtnkdycupja	182	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	182	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	182	7	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	182	8	faced	face	VBN
work_3ehybzpqvbdsjlegtnkdycupja	182	9	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	182	10	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	182	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	182	12	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	182	13	captured	capture	VBN
work_3ehybzpqvbdsjlegtnkdycupja	182	14	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	182	15	Λ	Λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	182	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	182	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	182	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	182	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	182	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	182	21	extent	extent	NN
work_3ehybzpqvbdsjlegtnkdycupja	182	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	182	23	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	182	24	anticipated	anticipate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	182	25	exposure	exposure	NN
work_3ehybzpqvbdsjlegtnkdycupja	182	26	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	182	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	182	28	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	182	29	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	182	30	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	182	31	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	182	32	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	182	33	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	182	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	182	35	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	182	36	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	182	37	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	182	38	E[u|p	E[u|p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	182	39	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	182	40	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	182	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	183	1	11	11	CD
work_3ehybzpqvbdsjlegtnkdycupja	183	2	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	183	3	τ	τ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	183	4	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	183	5	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	183	6	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	183	7	Var[v|p	Var[v|p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	183	8	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	183	9	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	183	10	τv	τv	NN
work_3ehybzpqvbdsjlegtnkdycupja	183	11	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	183	12	a2τu.15	a2τu.15	VB
work_3ehybzpqvbdsjlegtnkdycupja	183	13	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	183	14	remark	remark	VBP
work_3ehybzpqvbdsjlegtnkdycupja	183	15	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	183	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	183	17	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	183	18	else	else	RB
work_3ehybzpqvbdsjlegtnkdycupja	183	19	equal	equal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	183	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	183	21	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	183	22	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	183	23	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	183	24	setup	setup	NN
work_3ehybzpqvbdsjlegtnkdycupja	183	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	183	26	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	183	27	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	183	28	magnifies	magnify	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	183	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	183	30	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	183	31	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	183	32	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	183	33	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	183	34	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	183	35	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	183	36	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	183	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	184	1	III	III	NNP
work_3ehybzpqvbdsjlegtnkdycupja	184	2	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	184	3	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	184	4	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	184	5	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	184	6	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	184	7	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	184	8	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	184	9	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	184	10	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	184	11	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	184	12	Consider	consider	VB
work_3ehybzpqvbdsjlegtnkdycupja	184	13	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	184	14	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	184	15	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	184	16	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	184	17	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	184	18	extension	extension	NN
work_3ehybzpqvbdsjlegtnkdycupja	184	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	184	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	184	21	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	184	22	analyzed	analyze	VBN
work_3ehybzpqvbdsjlegtnkdycupja	184	23	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	184	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	184	25	previous	previous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	184	26	section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	184	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	185	1	At	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	185	2	date	date	NN
work_3ehybzpqvbdsjlegtnkdycupja	185	3	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	185	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	185	5	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	185	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	185	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	185	8	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	185	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	185	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	185	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	185	12	continuum	continuum	NN
work_3ehybzpqvbdsjlegtnkdycupja	185	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	185	14	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	185	15	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	185	16	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	185	17	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	185	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	185	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	185	20	interval	interval	NN
work_3ehybzpqvbdsjlegtnkdycupja	185	21	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	185	22	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	185	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	185	24	1	1	LS
work_3ehybzpqvbdsjlegtnkdycupja	185	25	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	185	26	enters	enter	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	185	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	185	28	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	185	29	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	185	30	loads	load	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	185	31	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	185	32	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	185	33	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	185	34	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	185	35	risky	risky	JJ
work_3ehybzpqvbdsjlegtnkdycupja	185	36	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	185	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	185	38	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	185	39	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	185	40	unwinds	unwind	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	185	41	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	185	42	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	185	43	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	185	44	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	185	45	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	185	46	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	185	47	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	185	48	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	185	49	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	185	50	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	185	51	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	185	52	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	186	1	Investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	2	i	i	PRP
work_3ehybzpqvbdsjlegtnkdycupja	186	3	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	186	4	CARA	CARA	NNP
work_3ehybzpqvbdsjlegtnkdycupja	186	5	preferences	preference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	186	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	186	7	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	186	8	denote	denote	VBP
work_3ehybzpqvbdsjlegtnkdycupja	186	9	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	186	10	γ	γ	IN
work_3ehybzpqvbdsjlegtnkdycupja	186	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	186	12	coefficient	coefficient	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	13	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	186	14	common	common	JJ
work_3ehybzpqvbdsjlegtnkdycupja	186	15	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	16	tolerance	tolerance	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	186	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	186	19	maximizes	maximize	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	186	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	186	21	expected	expected	JJ
work_3ehybzpqvbdsjlegtnkdycupja	186	22	utility	utility	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	186	24	her	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	186	25	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	186	26	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	186	27	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	28	profit	profit	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	29	πin	πin	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	30	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	186	31	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	186	32	pn+1	pn+1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	186	33	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	186	34	pn)xin	pn)xin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	186	35	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	186	36	n	n	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	37	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	186	38	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	186	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	186	40	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	186	41	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	186	42	p0	p0	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	43	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	186	44	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	186	45	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	186	46	p3	p3	NNP
work_3ehybzpqvbdsjlegtnkdycupja	186	47	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	186	48	v.	v.	CC
work_3ehybzpqvbdsjlegtnkdycupja	186	49	16	16	CD
work_3ehybzpqvbdsjlegtnkdycupja	186	50	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	186	51	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	186	52	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	186	53	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	54	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	186	55	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	186	56	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	186	57	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	186	58	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	186	59	justified	justify	VBN
work_3ehybzpqvbdsjlegtnkdycupja	186	60	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	186	61	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	186	62	grounds	ground	NNS
work_3ehybzpqvbdsjlegtnkdycupja	186	63	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	186	64	incentive	incentive	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	65	reasons	reason	NNS
work_3ehybzpqvbdsjlegtnkdycupja	186	66	related	relate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	186	67	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	186	68	performance	performance	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	69	evaluation	evaluation	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	70	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	186	71	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	186	72	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	186	73	difficulties	difficulty	NNS
work_3ehybzpqvbdsjlegtnkdycupja	186	74	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	186	75	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	186	76	financing	finance	VBG
work_3ehybzpqvbdsjlegtnkdycupja	186	77	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	186	78	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	186	79	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	80	investment	investment	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	81	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	186	82	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	186	83	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	186	84	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	85	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	186	86	imperfections	imperfection	NNS
work_3ehybzpqvbdsjlegtnkdycupja	186	87	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	186	88	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	186	89	Holmström	Holmström	NNP
work_3ehybzpqvbdsjlegtnkdycupja	186	90	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	186	91	Ricart	Ricart	NNP
work_3ehybzpqvbdsjlegtnkdycupja	186	92	i	i	PRP
work_3ehybzpqvbdsjlegtnkdycupja	186	93	Costa	Costa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	186	94	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	186	95	1986	1986	CD
work_3ehybzpqvbdsjlegtnkdycupja	186	96	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	186	97	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	186	98	Shleifer	Shleifer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	186	99	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	186	100	Vishny	Vishny	NNP
work_3ehybzpqvbdsjlegtnkdycupja	186	101	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	186	102	1990	1990	CD
work_3ehybzpqvbdsjlegtnkdycupja	186	103	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	186	104	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	186	105	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	187	1	An	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	187	2	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	187	3	i	i	PRP
work_3ehybzpqvbdsjlegtnkdycupja	187	4	who	who	WP
work_3ehybzpqvbdsjlegtnkdycupja	187	5	enters	enter	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	187	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	187	7	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	187	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	187	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	187	10	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	187	11	receives	receive	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	187	12	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	187	13	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	187	14	si	si	FW
work_3ehybzpqvbdsjlegtnkdycupja	187	15	=	=	NN
work_3ehybzpqvbdsjlegtnkdycupja	187	16	v+εi	v+εi	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	187	17	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	187	18	she	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	187	19	recalls	recall	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	187	20	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	187	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	187	22	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	187	23	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	187	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	187	25	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	187	26	εi	εi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	187	27	∼	∼	NNP
work_3ehybzpqvbdsjlegtnkdycupja	187	28	N(0,τ−1ε	N(0,τ−1ε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	187	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	187	30	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	187	31	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	187	32	v	v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	187	33	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	187	34	εi	εi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	187	35	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	187	36	independent	independent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	187	37	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	187	38	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	187	39	i.	i.	NN
work_3ehybzpqvbdsjlegtnkdycupja	188	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	188	2	assume	assume	VBP
work_3ehybzpqvbdsjlegtnkdycupja	188	3	further	further	RB
work_3ehybzpqvbdsjlegtnkdycupja	188	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	188	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	188	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	188	7	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	188	8	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	188	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	188	10	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	188	11	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	188	12	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	188	13	v+η	v+η	NNP
work_3ehybzpqvbdsjlegtnkdycupja	188	14	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	188	15	publicly	publicly	RB
work_3ehybzpqvbdsjlegtnkdycupja	188	16	disclosed	disclose	VBN
work_3ehybzpqvbdsjlegtnkdycupja	188	17	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	188	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	188	19	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	188	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	188	21	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	188	22	η	η	NNP
work_3ehybzpqvbdsjlegtnkdycupja	188	23	∼	∼	NNP
work_3ehybzpqvbdsjlegtnkdycupja	188	24	N(0,τ−1η	N(0,τ−1η	NNP
work_3ehybzpqvbdsjlegtnkdycupja	188	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	188	26	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	188	27	independent	independent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	188	28	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	188	29	both	both	CC
work_3ehybzpqvbdsjlegtnkdycupja	188	30	v	v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	188	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	188	32	εi	εi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	188	33	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	188	34	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	188	35	i.	i.	NN
work_3ehybzpqvbdsjlegtnkdycupja	189	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	189	2	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	189	3	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	189	4	introduces	introduce	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	189	5	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	189	6	additional	additional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	189	7	source	source	NN
work_3ehybzpqvbdsjlegtnkdycupja	189	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	189	9	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	189	10	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	189	11	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	189	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	189	13	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	189	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	189	15	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	189	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	189	17	besides	besides	IN
work_3ehybzpqvbdsjlegtnkdycupja	189	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	189	19	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	189	20	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	189	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	189	22	whose	whose	WP$
work_3ehybzpqvbdsjlegtnkdycupja	189	23	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	189	24	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	189	25	exogenous	exogenous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	189	26	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	189	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	189	28	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	189	29	process	process	NN
work_3ehybzpqvbdsjlegtnkdycupja	189	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	190	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	190	2	real	real	JJ
work_3ehybzpqvbdsjlegtnkdycupja	190	3	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	190	4	world	world	NN
work_3ehybzpqvbdsjlegtnkdycupja	190	5	counterpart	counterpart	NN
work_3ehybzpqvbdsjlegtnkdycupja	190	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	190	7	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	190	8	assumption	assumption	NN
work_3ehybzpqvbdsjlegtnkdycupja	190	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	190	10	any	any	DT
work_3ehybzpqvbdsjlegtnkdycupja	190	11	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	190	12	announcement	announcement	NN
work_3ehybzpqvbdsjlegtnkdycupja	190	13	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	190	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	190	15	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	190	16	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	190	17	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	190	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	190	19	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	190	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	190	21	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	190	22	earnings	earning	NNS
work_3ehybzpqvbdsjlegtnkdycupja	190	23	announcement	announcement	NN
work_3ehybzpqvbdsjlegtnkdycupja	190	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	190	25	analysts	analyst	NNS
work_3ehybzpqvbdsjlegtnkdycupja	190	26	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	190	27	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	190	28	forecast	forecast	NN
work_3ehybzpqvbdsjlegtnkdycupja	190	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	190	30	earnings	earning	NNS
work_3ehybzpqvbdsjlegtnkdycupja	190	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	190	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	191	1	Once	once	RB
work_3ehybzpqvbdsjlegtnkdycupja	191	2	again	again	RB
work_3ehybzpqvbdsjlegtnkdycupja	191	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	191	4	adopt	adopt	VBP
work_3ehybzpqvbdsjlegtnkdycupja	191	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	191	6	convention	convention	NN
work_3ehybzpqvbdsjlegtnkdycupja	191	7	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	191	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	191	9	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	191	10	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	191	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	191	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	191	13	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	191	14	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	191	15	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	191	16	∫	∫	:
work_3ehybzpqvbdsjlegtnkdycupja	191	17	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	191	18	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	191	19	si	si	NN
work_3ehybzpqvbdsjlegtnkdycupja	191	20	di	di	FW
work_3ehybzpqvbdsjlegtnkdycupja	191	21	equals	equal	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	191	22	v	v	LS
work_3ehybzpqvbdsjlegtnkdycupja	191	23	almost	almost	RB
work_3ehybzpqvbdsjlegtnkdycupja	191	24	surely	surely	RB
work_3ehybzpqvbdsjlegtnkdycupja	191	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	191	26	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	191	27	errors	error	NNS
work_3ehybzpqvbdsjlegtnkdycupja	191	28	cancel	cancel	VBP
work_3ehybzpqvbdsjlegtnkdycupja	191	29	out	out	RP
work_3ehybzpqvbdsjlegtnkdycupja	191	30	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	191	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	191	32	aggregate	aggregate	NN
work_3ehybzpqvbdsjlegtnkdycupja	191	33	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	191	34	∫	∫	NFP
work_3ehybzpqvbdsjlegtnkdycupja	191	35	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	191	36	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	191	37	εi	εi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	191	38	di	di	FW
work_3ehybzpqvbdsjlegtnkdycupja	191	39	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	191	40	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	191	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	192	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	192	2	restrict	restrict	VBP
work_3ehybzpqvbdsjlegtnkdycupja	192	3	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	192	4	attention	attention	NN
work_3ehybzpqvbdsjlegtnkdycupja	192	5	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	192	6	equilibria	equilibria	NNP
work_3ehybzpqvbdsjlegtnkdycupja	192	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	192	8	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	192	9	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	192	10	functions	function	NNS
work_3ehybzpqvbdsjlegtnkdycupja	192	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	193	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	193	2	denote	denote	VBP
work_3ehybzpqvbdsjlegtnkdycupja	193	3	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	193	4	X1(si	X1(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	193	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	193	6	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	193	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	193	8	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	193	9	a1si	a1si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	193	10	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	193	11	ϕ1(p1	ϕ1(p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	193	12	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	193	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	193	14	X2(si	X2(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	193	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	193	16	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	193	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	193	18	p1,p2	p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	193	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	193	20	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	193	21	a2si	a2si	NN
work_3ehybzpqvbdsjlegtnkdycupja	193	22	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	193	23	bsP	bsp	NN
work_3ehybzpqvbdsjlegtnkdycupja	193	24	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	193	25	ϕ2(p1,p2	ϕ2(p1,p2	.
work_3ehybzpqvbdsjlegtnkdycupja	193	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	193	27	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	193	28	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	193	29	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	193	30	desired	desire	VBN
work_3ehybzpqvbdsjlegtnkdycupja	193	31	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	193	32	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	193	33	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	193	34	risky	risky	JJ
work_3ehybzpqvbdsjlegtnkdycupja	193	35	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	193	36	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	193	37	each	each	DT
work_3ehybzpqvbdsjlegtnkdycupja	193	38	realization	realization	NN
work_3ehybzpqvbdsjlegtnkdycupja	193	39	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	193	40	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	193	41	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	193	42	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	193	43	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	193	44	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	193	45	respec-	respec-	NN
work_3ehybzpqvbdsjlegtnkdycupja	193	46	tively	tively	RB
work_3ehybzpqvbdsjlegtnkdycupja	193	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	193	48	dates	date	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	193	49	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	193	50	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	193	51	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	193	52	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	194	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	194	2	constants	constant	NNS
work_3ehybzpqvbdsjlegtnkdycupja	194	3	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	194	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	194	5	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	194	6	denote	denote	NN
work_3ehybzpqvbdsjlegtnkdycupja	194	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	194	8	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	194	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	194	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	194	11	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	194	12	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	194	13	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	194	14	gives	give	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	194	15	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	194	16	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	194	17	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	194	18	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	194	19	date	date	NN
work_3ehybzpqvbdsjlegtnkdycupja	194	20	n	n	CD
work_3ehybzpqvbdsjlegtnkdycupja	194	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	194	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	194	23	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	194	24	she	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	194	25	gives	give	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	194	26	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	194	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	194	28	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	194	29	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	194	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	195	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	195	2	function	function	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	3	ϕn	ϕn	VBP
work_3ehybzpqvbdsjlegtnkdycupja	195	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	195	5	·	·	NFP
work_3ehybzpqvbdsjlegtnkdycupja	195	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	195	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	195	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	195	9	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	195	10	function	function	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	195	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	195	13	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	14	prices.17	prices.17	NNP
work_3ehybzpqvbdsjlegtnkdycupja	195	15	15The	15the	CD
work_3ehybzpqvbdsjlegtnkdycupja	195	16	adverse	adverse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	195	17	selection	selection	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	18	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	19	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	195	20	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	195	21	consequence	consequence	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	195	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	195	24	signal	signal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	195	25	extraction	extraction	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	26	problem	problem	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	27	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	195	28	dealers	dealer	NNS
work_3ehybzpqvbdsjlegtnkdycupja	195	29	face	face	VBP
work_3ehybzpqvbdsjlegtnkdycupja	195	30	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	195	31	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	195	32	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	33	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	195	34	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	195	35	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	195	36	>	>	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	37	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	195	38	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	195	39	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	195	40	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	195	41	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	195	42	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	195	43	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	195	44	good	good	JJ
work_3ehybzpqvbdsjlegtnkdycupja	195	45	news	news	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	46	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	195	47	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	195	48	buy	buy	VBP
work_3ehybzpqvbdsjlegtnkdycupja	195	49	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	195	50	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	51	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	195	52	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	195	53	E[v|p	E[v|p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	195	54	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	195	55	increases	increase	NNS
work_3ehybzpqvbdsjlegtnkdycupja	195	56	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	195	57	reflecting	reflect	VBG
work_3ehybzpqvbdsjlegtnkdycupja	195	58	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	195	59	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	195	60	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	196	1	However	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	196	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	196	3	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	196	4	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	196	5	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	196	6	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	196	7	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	196	8	distinguished	distinguish	VBN
work_3ehybzpqvbdsjlegtnkdycupja	196	9	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	196	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	196	11	buying	buying	NN
work_3ehybzpqvbdsjlegtnkdycupja	196	12	pressure	pressure	NN
work_3ehybzpqvbdsjlegtnkdycupja	196	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	196	14	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	196	15	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	196	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	196	17	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	196	18	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	196	19	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	196	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	196	21	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	196	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	196	23	increasing	increase	VBG
work_3ehybzpqvbdsjlegtnkdycupja	196	24	E[v|p	E[v|p	NNP
work_3ehybzpqvbdsjlegtnkdycupja	196	25	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	196	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	197	1	16As	16a	NNS
work_3ehybzpqvbdsjlegtnkdycupja	197	2	before	before	RB
work_3ehybzpqvbdsjlegtnkdycupja	197	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	197	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	197	5	assume	assume	VBP
work_3ehybzpqvbdsjlegtnkdycupja	197	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	197	7	w.l.o.g	w.l.o.g	UH
work_3ehybzpqvbdsjlegtnkdycupja	197	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	197	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	198	1	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	198	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	198	3	nonrandom	nonrandom	NNP
work_3ehybzpqvbdsjlegtnkdycupja	198	4	endowment	endowment	NNP
work_3ehybzpqvbdsjlegtnkdycupja	198	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	198	6	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	198	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	198	8	zero	zero	CD
work_3ehybzpqvbdsjlegtnkdycupja	198	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	199	1	17The	17the	CD
work_3ehybzpqvbdsjlegtnkdycupja	199	2	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	199	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	199	4	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	199	5	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	199	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	199	7	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	199	8	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	199	9	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	199	10	symmetric	symmetric	JJ
work_3ehybzpqvbdsjlegtnkdycupja	199	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	200	1	12	12	CD
work_3ehybzpqvbdsjlegtnkdycupja	200	2	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	200	3	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	200	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	200	5	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	200	6	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	200	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	200	8	assumed	assume	VBN
work_3ehybzpqvbdsjlegtnkdycupja	200	9	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	200	10	follow	follow	VB
work_3ehybzpqvbdsjlegtnkdycupja	200	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	200	12	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	200	13	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	200	14	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	200	15	autogressive	autogressive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	200	16	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	200	17	AR(1	ar(1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	200	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	200	19	process	process	NN
work_3ehybzpqvbdsjlegtnkdycupja	200	20	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	200	21	θ1	θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	200	22	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	200	23	u1	u1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	200	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	200	25	θ2	θ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	200	26	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	200	27	βθ1	βθ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	200	28	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	200	29	u2	u2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	200	30	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	200	31	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	200	32	5	5	LS
work_3ehybzpqvbdsjlegtnkdycupja	200	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	200	34	here	here	RB
work_3ehybzpqvbdsjlegtnkdycupja	200	35	β	β	XX
work_3ehybzpqvbdsjlegtnkdycupja	200	36	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	200	37	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	200	38	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	200	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	200	40	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	200	41	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	200	42	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	200	43	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	200	44	u1,u2	u1,u2	NN
work_3ehybzpqvbdsjlegtnkdycupja	200	45	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	200	46	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	200	47	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	200	48	independent	independent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	200	49	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	200	50	identically	identically	RB
work_3ehybzpqvbdsjlegtnkdycupja	200	51	distributed	distribute	VBN
work_3ehybzpqvbdsjlegtnkdycupja	200	52	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	200	53	i.i.d	i.i.d	NNP
work_3ehybzpqvbdsjlegtnkdycupja	200	54	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	200	55	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	201	1	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	201	2	process	process	NN
work_3ehybzpqvbdsjlegtnkdycupja	201	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	201	4	independent	independent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	201	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	201	6	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	201	7	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	201	8	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	201	9	variables	variable	NNS
work_3ehybzpqvbdsjlegtnkdycupja	201	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	201	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	201	12	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	201	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	201	14	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	201	15	un	un	NNP
work_3ehybzpqvbdsjlegtnkdycupja	201	16	∼	∼	NNP
work_3ehybzpqvbdsjlegtnkdycupja	201	17	N(0,τ−1u	N(0,τ−1u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	201	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	201	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	202	1	Other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	202	2	authors	author	NNS
work_3ehybzpqvbdsjlegtnkdycupja	202	3	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	202	4	adopted	adopt	VBN
work_3ehybzpqvbdsjlegtnkdycupja	202	5	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	202	6	assumption	assumption	NN
work_3ehybzpqvbdsjlegtnkdycupja	202	7	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	202	8	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	202	9	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	202	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	202	11	including	include	VBG
work_3ehybzpqvbdsjlegtnkdycupja	202	12	Singleton	Singleton	NNP
work_3ehybzpqvbdsjlegtnkdycupja	202	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	202	14	1987	1987	CD
work_3ehybzpqvbdsjlegtnkdycupja	202	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	202	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	202	17	Campbell	Campbell	NNP
work_3ehybzpqvbdsjlegtnkdycupja	202	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	202	19	Kyle	Kyle	NNP
work_3ehybzpqvbdsjlegtnkdycupja	202	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	202	21	1993	1993	CD
work_3ehybzpqvbdsjlegtnkdycupja	202	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	202	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	202	24	He	He	NNP
work_3ehybzpqvbdsjlegtnkdycupja	202	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	202	26	Wang	Wang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	202	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	202	28	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	202	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	202	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	202	31	Biais	Biais	NNP
work_3ehybzpqvbdsjlegtnkdycupja	202	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	202	33	Bossaerts	Bossaerts	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	202	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	202	35	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	202	36	Spatt	Spatt	NNP
work_3ehybzpqvbdsjlegtnkdycupja	202	37	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	202	38	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	202	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	202	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	202	41	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	202	42	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	202	43	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	202	44	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	202	45	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	202	46	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	202	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	202	48	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	203	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	203	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	203	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	203	4	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	203	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	203	6	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	203	7	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	203	8	θ1,θ2	θ1,θ2	NN
work_3ehybzpqvbdsjlegtnkdycupja	203	9	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	203	10	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	203	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	203	12	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	203	13	walk	walk	NN
work_3ehybzpqvbdsjlegtnkdycupja	203	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	203	15	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	203	16	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	203	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	203	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	203	19	usual	usual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	203	20	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	203	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	203	22	independent	independent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	203	23	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	203	24	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	203	25	increments	increment	NNS
work_3ehybzpqvbdsjlegtnkdycupja	203	26	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	203	27	u2	u2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	203	28	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	203	29	θ2	θ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	203	30	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	203	31	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	203	32	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	203	33	independent	independent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	203	34	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	203	35	u1	u1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	203	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	203	37	Kyle	Kyle	NNP
work_3ehybzpqvbdsjlegtnkdycupja	203	38	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	203	39	1985	1985	CD
work_3ehybzpqvbdsjlegtnkdycupja	203	40	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	203	41	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	203	42	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	203	43	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	203	44	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	203	45	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	203	46	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	203	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	204	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	204	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	204	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	204	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	204	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	204	6	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	204	7	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	204	8	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	204	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	204	10	i.i.d	i.i.d	JJ
work_3ehybzpqvbdsjlegtnkdycupja	204	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	205	1	across	across	IN
work_3ehybzpqvbdsjlegtnkdycupja	205	2	periods	period	NNS
work_3ehybzpqvbdsjlegtnkdycupja	205	3	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	205	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	205	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	205	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	205	7	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	205	8	considered	consider	VBN
work_3ehybzpqvbdsjlegtnkdycupja	205	9	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	205	10	Allen	Allen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	205	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	205	12	Morris	Morris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	205	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	205	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	205	15	Shin	Shin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	205	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	205	17	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	205	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	205	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	206	1	Persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	206	2	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	206	3	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	206	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	206	5	taken	take	VBN
work_3ehybzpqvbdsjlegtnkdycupja	206	6	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	206	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	206	8	primitive	primitive	NN
work_3ehybzpqvbdsjlegtnkdycupja	206	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	206	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	206	11	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	206	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	206	13	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	206	14	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	206	15	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	206	16	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	206	17	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	206	18	shown	show	VBN
work_3ehybzpqvbdsjlegtnkdycupja	206	19	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	206	20	arise	arise	VB
work_3ehybzpqvbdsjlegtnkdycupja	206	21	endogenously	endogenously	RB
work_3ehybzpqvbdsjlegtnkdycupja	206	22	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	206	23	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	206	24	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	206	25	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	206	26	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	206	27	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	206	28	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	206	29	replaced	replace	VBN
work_3ehybzpqvbdsjlegtnkdycupja	206	30	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	206	31	rational	rational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	206	32	hedgers	hedger	NNS
work_3ehybzpqvbdsjlegtnkdycupja	206	33	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	206	34	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	206	35	investment	investment	NN
work_3ehybzpqvbdsjlegtnkdycupja	206	36	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	206	37	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	206	38	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	206	39	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	206	40	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	206	41	Vives	Vives	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	206	42	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	206	43	2014)).18	2014)).18	CD
work_3ehybzpqvbdsjlegtnkdycupja	206	44	Persistence	Persistence	NNP
work_3ehybzpqvbdsjlegtnkdycupja	206	45	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	206	46	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	206	47	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	206	48	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	206	49	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	206	50	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	206	51	several	several	JJ
work_3ehybzpqvbdsjlegtnkdycupja	206	52	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	206	53	interpretations	interpretation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	206	54	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	206	55	depend-	depend-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	206	56	ing	ing	NNP
work_3ehybzpqvbdsjlegtnkdycupja	206	57	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	206	58	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	206	59	frequency	frequency	NN
work_3ehybzpqvbdsjlegtnkdycupja	206	60	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	206	61	observations	observation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	206	62	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	207	1	At	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	207	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	207	3	daily	daily	JJ
work_3ehybzpqvbdsjlegtnkdycupja	207	4	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	207	5	intra	intra	JJ
work_3ehybzpqvbdsjlegtnkdycupja	207	6	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	207	7	daily	daily	JJ
work_3ehybzpqvbdsjlegtnkdycupja	207	8	frequency	frequency	NN
work_3ehybzpqvbdsjlegtnkdycupja	207	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	207	10	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	207	11	assume	assume	VB
work_3ehybzpqvbdsjlegtnkdycupja	207	12	persis-	persis-	IN
work_3ehybzpqvbdsjlegtnkdycupja	207	13	tence	tence	NN
work_3ehybzpqvbdsjlegtnkdycupja	207	14	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	207	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	207	16	simple	simple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	207	17	way	way	NN
work_3ehybzpqvbdsjlegtnkdycupja	207	18	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	207	19	capture	capture	VB
work_3ehybzpqvbdsjlegtnkdycupja	207	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	207	21	need	need	NN
work_3ehybzpqvbdsjlegtnkdycupja	207	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	207	23	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	207	24	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	207	25	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	207	26	break	break	VB
work_3ehybzpqvbdsjlegtnkdycupja	207	27	down	down	RP
work_3ehybzpqvbdsjlegtnkdycupja	207	28	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	207	29	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	207	30	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	207	31	into	into	IN
work_3ehybzpqvbdsjlegtnkdycupja	207	32	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	207	33	series	series	NN
work_3ehybzpqvbdsjlegtnkdycupja	207	34	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	207	35	smaller	small	JJR
work_3ehybzpqvbdsjlegtnkdycupja	207	36	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	207	37	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	207	38	thereby	thereby	RB
work_3ehybzpqvbdsjlegtnkdycupja	207	39	minimize	minimize	VB
work_3ehybzpqvbdsjlegtnkdycupja	207	40	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	207	41	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	207	42	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	207	43	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	207	44	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	207	45	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	207	46	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	207	47	assumption	assumption	NN
work_3ehybzpqvbdsjlegtnkdycupja	207	48	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	207	49	consistent	consistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	207	50	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	207	51	several	several	JJ
work_3ehybzpqvbdsjlegtnkdycupja	207	52	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	207	53	findings	finding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	207	54	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	207	55	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	207	56	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	207	57	Griffin	Griffin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	207	58	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	207	59	Harris	Harris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	207	60	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	207	61	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	207	62	Topaloglu	Topaloglu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	207	63	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	207	64	2003	2003	CD
work_3ehybzpqvbdsjlegtnkdycupja	207	65	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	207	66	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	207	67	Chordia	Chordia	NNP
work_3ehybzpqvbdsjlegtnkdycupja	207	68	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	207	69	Subrahmanyam	Subrahmanyam	NNP
work_3ehybzpqvbdsjlegtnkdycupja	207	70	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	207	71	2004	2004	CD
work_3ehybzpqvbdsjlegtnkdycupja	207	72	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	207	73	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	207	74	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	208	1	At	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	208	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	208	3	lower	low	JJR
work_3ehybzpqvbdsjlegtnkdycupja	208	4	frequency	frequency	NN
work_3ehybzpqvbdsjlegtnkdycupja	208	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	208	6	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	208	7	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	208	8	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	208	9	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	208	10	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	208	11	seen	see	VBN
work_3ehybzpqvbdsjlegtnkdycupja	208	12	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	208	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	208	14	reduced	reduce	VBN
work_3ehybzpqvbdsjlegtnkdycupja	208	15	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	208	16	form	form	NN
work_3ehybzpqvbdsjlegtnkdycupja	208	17	assumption	assumption	NN
work_3ehybzpqvbdsjlegtnkdycupja	208	18	capturing	capture	VBG
work_3ehybzpqvbdsjlegtnkdycupja	208	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	208	20	performance	performance	NN
work_3ehybzpqvbdsjlegtnkdycupja	208	21	–	–	:
work_3ehybzpqvbdsjlegtnkdycupja	208	22	flow	flow	NN
work_3ehybzpqvbdsjlegtnkdycupja	208	23	relationship	relationship	NN
work_3ehybzpqvbdsjlegtnkdycupja	208	24	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	208	25	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	208	26	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	208	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	208	28	holdings	holding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	208	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	208	30	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	208	31	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	208	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	209	1	Coval	Coval	NNP
work_3ehybzpqvbdsjlegtnkdycupja	209	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	209	3	Stafford	Stafford	NNP
work_3ehybzpqvbdsjlegtnkdycupja	209	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	209	5	2007	2007	CD
work_3ehybzpqvbdsjlegtnkdycupja	209	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	209	7	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	209	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	209	9	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	209	10	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	209	11	faced	face	VBN
work_3ehybzpqvbdsjlegtnkdycupja	209	12	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	209	13	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	209	14	redemption	redemption	NN
work_3ehybzpqvbdsjlegtnkdycupja	209	15	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	209	16	engage	engage	VBP
work_3ehybzpqvbdsjlegtnkdycupja	209	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	209	18	fire	fire	NN
work_3ehybzpqvbdsjlegtnkdycupja	209	19	sales	sale	NNS
work_3ehybzpqvbdsjlegtnkdycupja	209	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	209	21	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	209	22	.	.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	209	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	209	24	purchases	purchase	NNS
work_3ehybzpqvbdsjlegtnkdycupja	209	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	209	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	209	27	creating	create	VBG
work_3ehybzpqvbdsjlegtnkdycupja	209	28	18More	18more	CD
work_3ehybzpqvbdsjlegtnkdycupja	209	29	specifically	specifically	RB
work_3ehybzpqvbdsjlegtnkdycupja	209	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	209	31	suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	209	32	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	209	33	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	209	34	replace	replace	VBP
work_3ehybzpqvbdsjlegtnkdycupja	209	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	209	36	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	209	37	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	209	38	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	209	39	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	209	40	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	209	41	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	209	42	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	209	43	set	set	NN
work_3ehybzpqvbdsjlegtnkdycupja	209	44	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	209	45	hedgers	hedger	NNS
work_3ehybzpqvbdsjlegtnkdycupja	209	46	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	209	47	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	209	48	interval	interval	NN
work_3ehybzpqvbdsjlegtnkdycupja	209	49	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	209	50	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	209	51	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	209	52	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	209	53	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	209	54	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	209	55	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	209	56	each	each	DT
work_3ehybzpqvbdsjlegtnkdycupja	209	57	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	209	58	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	209	59	hedgers	hedger	NNS
work_3ehybzpqvbdsjlegtnkdycupja	209	60	receives	receive	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	209	61	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	209	62	idiosyncratic	idiosyncratic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	209	63	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	209	64	normally	normally	RB
work_3ehybzpqvbdsjlegtnkdycupja	209	65	distributed	distribute	VBN
work_3ehybzpqvbdsjlegtnkdycupja	209	66	endowment	endowment	NN
work_3ehybzpqvbdsjlegtnkdycupja	209	67	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	209	68	θi1	θi1	NN
work_3ehybzpqvbdsjlegtnkdycupja	209	69	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	209	70	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	209	71	independent	independent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	209	72	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	209	73	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	209	74	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	209	75	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	209	76	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	209	77	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	209	78	variables	variable	NNS
work_3ehybzpqvbdsjlegtnkdycupja	209	79	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	210	1	All	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	210	2	hedgers	hedger	NNS
work_3ehybzpqvbdsjlegtnkdycupja	210	3	take	take	VBP
work_3ehybzpqvbdsjlegtnkdycupja	210	4	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	210	5	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	210	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	210	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	210	8	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	210	9	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	210	10	date	date	NN
work_3ehybzpqvbdsjlegtnkdycupja	210	11	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	210	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	211	1	However	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	211	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	211	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	211	4	fraction	fraction	NN
work_3ehybzpqvbdsjlegtnkdycupja	211	5	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	211	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	211	7	them	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	211	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	211	9	denoted	denote	VBN
work_3ehybzpqvbdsjlegtnkdycupja	211	10	HL	HL	NNP
work_3ehybzpqvbdsjlegtnkdycupja	211	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	211	12	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	211	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	211	14	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	211	15	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	211	16	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	211	17	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	211	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	211	19	hold	hold	VB
work_3ehybzpqvbdsjlegtnkdycupja	211	20	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	211	21	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	211	22	until	until	IN
work_3ehybzpqvbdsjlegtnkdycupja	211	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	211	24	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	211	25	date	date	NN
work_3ehybzpqvbdsjlegtnkdycupja	211	26	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	211	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	211	28	complementary	complementary	JJ
work_3ehybzpqvbdsjlegtnkdycupja	211	29	fraction	fraction	NN
work_3ehybzpqvbdsjlegtnkdycupja	211	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	211	31	denoted	denote	VBN
work_3ehybzpqvbdsjlegtnkdycupja	211	32	HS	HS	NNP
work_3ehybzpqvbdsjlegtnkdycupja	211	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	211	34	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	211	35	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	211	36	short-	short-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	211	37	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	211	38	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	211	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	211	40	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	211	41	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	211	42	hedgers	hedger	NNS
work_3ehybzpqvbdsjlegtnkdycupja	211	43	liquidate	liquidate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	211	44	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	211	45	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	211	46	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	211	47	date	date	NN
work_3ehybzpqvbdsjlegtnkdycupja	211	48	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	211	49	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	212	1	Under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	212	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	212	3	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	212	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	212	5	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	212	6	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	212	7	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	212	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	212	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	212	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	212	11	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	212	12	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	212	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	212	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	212	15	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	212	16	coefficient	coefficient	NN
work_3ehybzpqvbdsjlegtnkdycupja	212	17	corresponds	correspond	NNS
work_3ehybzpqvbdsjlegtnkdycupja	212	18	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	212	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	212	20	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	212	21	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	212	22	weighted	weighted	JJ
work_3ehybzpqvbdsjlegtnkdycupja	212	23	relative	relative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	212	24	responsiveness	responsiveness	RB
work_3ehybzpqvbdsjlegtnkdycupja	212	25	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	212	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	212	27	endowment	endowment	NN
work_3ehybzpqvbdsjlegtnkdycupja	212	28	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	212	29	displayed	display	VBN
work_3ehybzpqvbdsjlegtnkdycupja	212	30	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	212	31	HL	HL	NNP
work_3ehybzpqvbdsjlegtnkdycupja	212	32	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	212	33	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	212	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	212	35	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	212	36	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	212	37	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	212	38	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	212	39	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	212	40	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	212	41	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	212	42	both	both	CC
work_3ehybzpqvbdsjlegtnkdycupja	212	43	HL	HL	NNP
work_3ehybzpqvbdsjlegtnkdycupja	212	44	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	212	45	HS	HS	NNP
work_3ehybzpqvbdsjlegtnkdycupja	212	46	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	212	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	213	1	Since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	213	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	213	3	responsiveness	responsiveness	NN
work_3ehybzpqvbdsjlegtnkdycupja	213	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	213	5	hedgers	hedger	NNS
work_3ehybzpqvbdsjlegtnkdycupja	213	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	213	7	endogenous	endogenous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	213	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	213	9	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	213	10	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	213	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	213	12	asymmetric	asymmetric	JJ
work_3ehybzpqvbdsjlegtnkdycupja	213	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	213	14	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	213	15	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	213	16	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	213	17	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	213	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	213	19	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	213	20	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	213	21	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	213	22	participation	participation	NN
work_3ehybzpqvbdsjlegtnkdycupja	213	23	externality	externality	NN
work_3ehybzpqvbdsjlegtnkdycupja	213	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	213	25	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	213	26	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	213	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	213	28	one	one	NN
work_3ehybzpqvbdsjlegtnkdycupja	213	29	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	213	30	Admati	Admati	NNP
work_3ehybzpqvbdsjlegtnkdycupja	213	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	213	32	Pfleiderer	Pfleiderer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	213	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	213	34	1988	1988	CD
work_3ehybzpqvbdsjlegtnkdycupja	213	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	213	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	213	37	Pagano	Pagano	NNP
work_3ehybzpqvbdsjlegtnkdycupja	213	38	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	213	39	1989	1989	CD
work_3ehybzpqvbdsjlegtnkdycupja	213	40	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	213	41	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	213	42	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	213	43	Dow	Dow	NNP
work_3ehybzpqvbdsjlegtnkdycupja	213	44	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	213	45	2005	2005	CD
work_3ehybzpqvbdsjlegtnkdycupja	213	46	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	213	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	213	48	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	213	49	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	214	1	Namely	namely	RB
work_3ehybzpqvbdsjlegtnkdycupja	214	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	214	3	hedgers	hedger	NNS
work_3ehybzpqvbdsjlegtnkdycupja	214	4	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	214	5	decisions	decision	NNS
work_3ehybzpqvbdsjlegtnkdycupja	214	6	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	214	7	trade	trade	VB
work_3ehybzpqvbdsjlegtnkdycupja	214	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	214	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	214	10	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	214	11	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	214	12	depend	depend	VB
work_3ehybzpqvbdsjlegtnkdycupja	214	13	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	214	14	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	214	15	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	214	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	214	17	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	214	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	214	19	turn	turn	NN
work_3ehybzpqvbdsjlegtnkdycupja	214	20	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	214	21	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	214	22	hedgers	hedger	NNS
work_3ehybzpqvbdsjlegtnkdycupja	214	23	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	214	24	decisions	decision	NNS
work_3ehybzpqvbdsjlegtnkdycupja	214	25	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	214	26	trade	trade	VB
work_3ehybzpqvbdsjlegtnkdycupja	214	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	215	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	215	2	new	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	215	3	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	215	4	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	215	5	generate	generate	VB
work_3ehybzpqvbdsjlegtnkdycupja	215	6	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	215	7	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	215	8	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	215	9	levels	level	NNS
work_3ehybzpqvbdsjlegtnkdycupja	215	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	215	11	hedging	hedging	NN
work_3ehybzpqvbdsjlegtnkdycupja	215	12	activity	activity	NN
work_3ehybzpqvbdsjlegtnkdycupja	215	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	216	1	13	13	CD
work_3ehybzpqvbdsjlegtnkdycupja	216	2	contemporaneous	contemporaneous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	216	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	216	4	uninformed	uninformed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	216	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	216	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	216	7	temporary	temporary	JJ
work_3ehybzpqvbdsjlegtnkdycupja	216	8	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	216	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	216	10	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	216	11	.	.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	216	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	216	13	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	216	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	216	15	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	216	16	pressure.19	pressure.19	NNP
work_3ehybzpqvbdsjlegtnkdycupja	216	17	Coupling	couple	VBG
work_3ehybzpqvbdsjlegtnkdycupja	216	18	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	216	19	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	216	20	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	216	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	216	22	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	216	23	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	216	24	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	216	25	flows	flow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	216	26	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	216	27	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	216	28	out	out	IN
work_3ehybzpqvbdsjlegtnkdycupja	216	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	216	30	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	216	31	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	216	32	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	216	33	strongly	strongly	RB
work_3ehybzpqvbdsjlegtnkdycupja	216	34	related	related	JJ
work_3ehybzpqvbdsjlegtnkdycupja	216	35	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	216	36	past	past	JJ
work_3ehybzpqvbdsjlegtnkdycupja	216	37	performance	performance	NN
work_3ehybzpqvbdsjlegtnkdycupja	216	38	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	216	39	Chevalier	Chevalier	NNP
work_3ehybzpqvbdsjlegtnkdycupja	216	40	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	216	41	Ellison	Ellison	NNP
work_3ehybzpqvbdsjlegtnkdycupja	216	42	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	216	43	1997	1997	CD
work_3ehybzpqvbdsjlegtnkdycupja	216	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	216	45	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	216	46	Sirri	Sirri	NNP
work_3ehybzpqvbdsjlegtnkdycupja	216	47	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	216	48	Tufano	Tufano	NNP
work_3ehybzpqvbdsjlegtnkdycupja	216	49	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	216	50	1998	1998	CD
work_3ehybzpqvbdsjlegtnkdycupja	216	51	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	216	52	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	216	53	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	216	54	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	216	55	shocks	shock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	216	56	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	216	57	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	216	58	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	216	59	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	216	60	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	216	61	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	216	62	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	216	63	affect	affect	VB
work_3ehybzpqvbdsjlegtnkdycupja	216	64	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	216	65	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	216	66	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	216	67	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	216	68	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	216	69	thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	216	70	have	have	VB
work_3ehybzpqvbdsjlegtnkdycupja	216	71	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	216	72	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	216	73	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	216	74	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	216	75	.	.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	216	76	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	216	77	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	216	78	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	216	79	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	216	80	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	216	81	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	216	82	performance	performance	NN
work_3ehybzpqvbdsjlegtnkdycupja	216	83	through	through	IN
work_3ehybzpqvbdsjlegtnkdycupja	216	84	feeding	feed	VBG
work_3ehybzpqvbdsjlegtnkdycupja	216	85	back	back	RB
work_3ehybzpqvbdsjlegtnkdycupja	216	86	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	216	87	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	216	88	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	216	89	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	216	90	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	216	91	outflows	outflow	NNS
work_3ehybzpqvbdsjlegtnkdycupja	216	92	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	216	93	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	216	94	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	216	95	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	216	96	inflows	inflow	NNS
work_3ehybzpqvbdsjlegtnkdycupja	216	97	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	216	98	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	217	1	Empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	217	2	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	217	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	217	4	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	217	5	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	217	6	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	217	7	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	217	8	been	be	VBN
work_3ehybzpqvbdsjlegtnkdycupja	217	9	obtained	obtain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	217	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	217	11	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	217	12	ways.20	ways.20	NNP
work_3ehybzpqvbdsjlegtnkdycupja	217	13	Campbell	Campbell	NNP
work_3ehybzpqvbdsjlegtnkdycupja	217	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	217	15	Kyle	Kyle	NNP
work_3ehybzpqvbdsjlegtnkdycupja	217	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	217	17	1993	1993	CD
work_3ehybzpqvbdsjlegtnkdycupja	217	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	217	19	disentangle	disentangle	VB
work_3ehybzpqvbdsjlegtnkdycupja	217	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	217	21	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	217	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	217	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	217	24	noise	noise	NN
work_3ehybzpqvbdsjlegtnkdycupja	217	25	process	process	NN
work_3ehybzpqvbdsjlegtnkdycupja	217	26	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	217	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	217	28	prop-	prop-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	217	29	erties	ertie	NNS
work_3ehybzpqvbdsjlegtnkdycupja	217	30	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	217	31	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	217	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	218	1	These	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	218	2	authors	author	NNS
work_3ehybzpqvbdsjlegtnkdycupja	218	3	examine	examine	VBP
work_3ehybzpqvbdsjlegtnkdycupja	218	4	annual	annual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	218	5	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	218	6	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	218	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	218	8	index	index	NN
work_3ehybzpqvbdsjlegtnkdycupja	218	9	data	datum	NNS
work_3ehybzpqvbdsjlegtnkdycupja	218	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	218	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	218	12	United	United	NNP
work_3ehybzpqvbdsjlegtnkdycupja	218	13	States	States	NNP
work_3ehybzpqvbdsjlegtnkdycupja	218	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	218	15	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	218	16	attempt	attempt	VB
work_3ehybzpqvbdsjlegtnkdycupja	218	17	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	218	18	fit	fit	VB
work_3ehybzpqvbdsjlegtnkdycupja	218	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	218	20	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	218	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	218	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	218	23	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	218	24	series	series	NN
work_3ehybzpqvbdsjlegtnkdycupja	218	25	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	218	26	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	218	27	mod-	mod-	NN
work_3ehybzpqvbdsjlegtnkdycupja	218	28	els	els	IN
work_3ehybzpqvbdsjlegtnkdycupja	218	29	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	218	30	feature	feature	NN
work_3ehybzpqvbdsjlegtnkdycupja	218	31	noise	noise	NN
work_3ehybzpqvbdsjlegtnkdycupja	218	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	219	1	They	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	219	2	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	219	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	219	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	219	5	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	219	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	219	7	yearly	yearly	JJ
work_3ehybzpqvbdsjlegtnkdycupja	219	8	level	level	NN
work_3ehybzpqvbdsjlegtnkdycupja	219	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	219	10	noise	noise	NN
work_3ehybzpqvbdsjlegtnkdycupja	219	11	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	219	12	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	219	13	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	219	14	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	219	15	highly	highly	RB
work_3ehybzpqvbdsjlegtnkdycupja	219	16	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	219	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	219	18	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	219	19	95	95	CD
work_3ehybzpqvbdsjlegtnkdycupja	219	20	%	%	NN
work_3ehybzpqvbdsjlegtnkdycupja	219	21	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	219	22	97	97	CD
work_3ehybzpqvbdsjlegtnkdycupja	219	23	%	%	NN
work_3ehybzpqvbdsjlegtnkdycupja	219	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	219	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	219	26	noise	noise	NN
work_3ehybzpqvbdsjlegtnkdycupja	219	27	remains	remain	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	219	28	after	after	IN
work_3ehybzpqvbdsjlegtnkdycupja	219	29	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	219	30	year	year	NN
work_3ehybzpqvbdsjlegtnkdycupja	219	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	219	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	220	1	An	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	220	2	alternative	alternative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	220	3	strategy	strategy	NN
work_3ehybzpqvbdsjlegtnkdycupja	220	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	220	5	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	220	6	look	look	VB
work_3ehybzpqvbdsjlegtnkdycupja	220	7	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	220	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	220	9	13F	13f	CD
work_3ehybzpqvbdsjlegtnkdycupja	220	10	filings	filing	NNS
work_3ehybzpqvbdsjlegtnkdycupja	220	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	220	12	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	220	13	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	220	14	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	220	15	face	face	VBP
work_3ehybzpqvbdsjlegtnkdycupja	220	16	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	220	17	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	220	18	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	220	19	net	net	JJ
work_3ehybzpqvbdsjlegtnkdycupja	220	20	inflows	inflow	NNS
work_3ehybzpqvbdsjlegtnkdycupja	220	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	220	22	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	220	23	thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	220	24	led	lead	VBN
work_3ehybzpqvbdsjlegtnkdycupja	220	25	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	220	26	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	220	27	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	220	28	non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	220	29	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	220	30	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	220	31	purposes	purpose	NNS
work_3ehybzpqvbdsjlegtnkdycupja	220	32	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	220	33	Coval	Coval	NNP
work_3ehybzpqvbdsjlegtnkdycupja	220	34	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	220	35	Stafford	Stafford	NNP
work_3ehybzpqvbdsjlegtnkdycupja	220	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	220	37	2007	2007	CD
work_3ehybzpqvbdsjlegtnkdycupja	220	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	220	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	220	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	221	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	221	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	221	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	221	4	approach	approach	NN
work_3ehybzpqvbdsjlegtnkdycupja	221	5	taken	take	VBN
work_3ehybzpqvbdsjlegtnkdycupja	221	6	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	221	7	Lou	Lou	NNP
work_3ehybzpqvbdsjlegtnkdycupja	221	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	221	9	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	221	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	221	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	221	12	who	who	WP
work_3ehybzpqvbdsjlegtnkdycupja	221	13	finds	find	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	221	14	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	221	15	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	221	16	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	221	17	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	221	18	shareholdings	shareholding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	221	19	display	display	VBP
work_3ehybzpqvbdsjlegtnkdycupja	221	20	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	221	21	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	221	22	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	221	23	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	221	24	quarterly	quarterly	JJ
work_3ehybzpqvbdsjlegtnkdycupja	221	25	frequency	frequency	NN
work_3ehybzpqvbdsjlegtnkdycupja	221	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	222	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	222	2	denote	denote	VBP
work_3ehybzpqvbdsjlegtnkdycupja	222	3	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	222	4	Ei1[Y	Ei1[Y	NNP
work_3ehybzpqvbdsjlegtnkdycupja	222	5	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	222	6	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	222	7	E[Y	e[y	CD
work_3ehybzpqvbdsjlegtnkdycupja	222	8	|si	|si	CD
work_3ehybzpqvbdsjlegtnkdycupja	222	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	222	10	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	222	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	222	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	222	13	Vari1[Y	vari1[y	NN
work_3ehybzpqvbdsjlegtnkdycupja	222	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	222	15	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	222	16	Var[Y	Var[Y	NNP
work_3ehybzpqvbdsjlegtnkdycupja	222	17	|si	|si	CD
work_3ehybzpqvbdsjlegtnkdycupja	222	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	222	19	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	222	20	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	222	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	222	22	expectation	expectation	NN
work_3ehybzpqvbdsjlegtnkdycupja	222	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	222	24	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	222	25	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	222	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	222	27	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	222	28	variable	variable	FW
work_3ehybzpqvbdsjlegtnkdycupja	222	29	Y	Y	NNP
work_3ehybzpqvbdsjlegtnkdycupja	222	30	formed	form	VBN
work_3ehybzpqvbdsjlegtnkdycupja	222	31	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	222	32	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	222	33	date-1	date-1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	222	34	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	222	35	using	use	VBG
work_3ehybzpqvbdsjlegtnkdycupja	222	36	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	222	37	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	222	38	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	222	39	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	222	40	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	222	41	E1[Y	e1[y	LS
work_3ehybzpqvbdsjlegtnkdycupja	222	42	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	222	43	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	222	44	E[Y	E[Y	JJR
work_3ehybzpqvbdsjlegtnkdycupja	222	45	|p1	|p1	CD
work_3ehybzpqvbdsjlegtnkdycupja	222	46	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	222	47	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	222	48	Var1[Y	var1[y	NN
work_3ehybzpqvbdsjlegtnkdycupja	222	49	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	222	50	=	=	NN
work_3ehybzpqvbdsjlegtnkdycupja	222	51	Var[Y	Var[Y	NNP
work_3ehybzpqvbdsjlegtnkdycupja	222	52	|p1	|p1	CD
work_3ehybzpqvbdsjlegtnkdycupja	222	53	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	222	54	denote	denote	VB
work_3ehybzpqvbdsjlegtnkdycupja	222	55	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	222	56	same	same	JJ
work_3ehybzpqvbdsjlegtnkdycupja	222	57	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	222	58	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	222	59	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	222	60	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	222	61	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	222	62	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	222	63	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	222	64	used	use	VBN
work_3ehybzpqvbdsjlegtnkdycupja	222	65	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	223	1	Similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	223	2	definitions	definition	NNS
work_3ehybzpqvbdsjlegtnkdycupja	223	3	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	223	4	date-2	date-2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	5	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	223	6	yield	yield	VBP
work_3ehybzpqvbdsjlegtnkdycupja	223	7	Ei2[Y	Ei2[Y	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	8	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	223	9	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	223	10	E[Y	e[y	CD
work_3ehybzpqvbdsjlegtnkdycupja	223	11	|si	|si	CD
work_3ehybzpqvbdsjlegtnkdycupja	223	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	223	13	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	223	15	p1,p2	p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	16	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	223	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	223	18	Vari2[Y	Vari2[Y	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	19	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	223	20	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	223	21	Var[Y	Var[Y	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	22	|si	|si	CD
work_3ehybzpqvbdsjlegtnkdycupja	223	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	223	24	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	223	26	p1,p2	p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	27	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	223	28	as	as	RB
work_3ehybzpqvbdsjlegtnkdycupja	223	29	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	223	30	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	223	31	E2[Y	e2[y	FW
work_3ehybzpqvbdsjlegtnkdycupja	223	32	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	223	33	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	223	34	E[Y	E[Y	JJR
work_3ehybzpqvbdsjlegtnkdycupja	223	35	|sP	|sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	223	37	p1,p2	p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	38	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	223	39	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	223	40	Var2[Y	var2[y	NN
work_3ehybzpqvbdsjlegtnkdycupja	223	41	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	223	42	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	223	43	Var[Y	Var[Y	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	44	|sP	|sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	45	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	223	46	p1,p2	p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	223	47	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	223	48	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	224	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	224	2	variables	variable	NNS
work_3ehybzpqvbdsjlegtnkdycupja	224	3	τn	τn	NNP
work_3ehybzpqvbdsjlegtnkdycupja	224	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	224	5	τin	τin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	224	6	denote	denote	VBP
work_3ehybzpqvbdsjlegtnkdycupja	224	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	224	8	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	224	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	224	10	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	224	11	forecasts	forecast	NNS
work_3ehybzpqvbdsjlegtnkdycupja	224	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	224	13	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	224	14	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	224	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	224	16	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	224	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	224	18	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	224	19	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	224	20	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	224	21	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	224	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	224	23	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	224	24	both	both	CC
work_3ehybzpqvbdsjlegtnkdycupja	224	25	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	224	26	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	224	27	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	224	28	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	224	29	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	224	30	thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	224	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	224	32	τn	τn	NNP
work_3ehybzpqvbdsjlegtnkdycupja	224	33	=	=	FW
work_3ehybzpqvbdsjlegtnkdycupja	224	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	224	35	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	224	36	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	224	37	Varn[v	Varn[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	224	38	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	224	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	224	40	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	224	41	τin	τin	NNS
work_3ehybzpqvbdsjlegtnkdycupja	224	42	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	224	43	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	224	44	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	224	45	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	224	46	Varin[v	varin[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	224	47	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	224	48	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	224	49	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	225	1	Letting	let	VBG
work_3ehybzpqvbdsjlegtnkdycupja	225	2	αEn	αEn	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	225	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	225	4	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	225	5	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	225	6	τin	τin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	225	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	225	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	225	9	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	225	10	Ein[v	Ein[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	225	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	225	12	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	225	13	αEnsin	αEnsin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	225	14	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	225	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	225	16	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	225	17	−αEn	−αen	CD
work_3ehybzpqvbdsjlegtnkdycupja	225	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	225	19	En[v	En[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	225	20	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	225	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	226	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	226	2	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	226	3	derive	derive	VBP
work_3ehybzpqvbdsjlegtnkdycupja	226	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	226	5	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	226	6	content	content	NN
work_3ehybzpqvbdsjlegtnkdycupja	226	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	226	8	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	226	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	226	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	226	11	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	226	12	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	226	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	227	1	Consider	consider	VB
work_3ehybzpqvbdsjlegtnkdycupja	227	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	227	3	candidate	candidate	NN
work_3ehybzpqvbdsjlegtnkdycupja	227	4	linear	linear	NN
work_3ehybzpqvbdsjlegtnkdycupja	227	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	227	6	symmetric	symmetric	JJ
work_3ehybzpqvbdsjlegtnkdycupja	227	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	227	8	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	227	9	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	227	10	xi1	xi1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	227	11	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	227	12	a1si−ϕ1(p1	a1si−ϕ1(p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	227	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	227	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	227	15	xi2	xi2	NN
work_3ehybzpqvbdsjlegtnkdycupja	227	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	227	17	a2si	a2si	NN
work_3ehybzpqvbdsjlegtnkdycupja	227	18	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	227	19	bsP	bsp	NN
work_3ehybzpqvbdsjlegtnkdycupja	227	20	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	227	21	ϕ2(p1,p2	ϕ2(p1,p2	.
work_3ehybzpqvbdsjlegtnkdycupja	227	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	227	23	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	227	24	ϕn	ϕn	NNP
work_3ehybzpqvbdsjlegtnkdycupja	227	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	227	26	·	·	NFP
work_3ehybzpqvbdsjlegtnkdycupja	227	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	227	28	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	227	29	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	227	30	function	function	NN
work_3ehybzpqvbdsjlegtnkdycupja	227	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	228	1	Denote	denote	NN
work_3ehybzpqvbdsjlegtnkdycupja	228	2	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	228	3	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	228	4	≡	≡	CD
work_3ehybzpqvbdsjlegtnkdycupja	228	5	a1v	a1v	NNS
work_3ehybzpqvbdsjlegtnkdycupja	228	6	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	228	7	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	228	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	228	9	noisy	noisy	JJ
work_3ehybzpqvbdsjlegtnkdycupja	228	10	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	228	11	addition	addition	NN
work_3ehybzpqvbdsjlegtnkdycupja	228	12	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	228	13	v	v	RB
work_3ehybzpqvbdsjlegtnkdycupja	228	14	generated	generate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	228	15	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	228	16	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	228	17	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	228	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	228	19	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	228	20	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	228	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	228	22	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	228	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	228	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	228	25	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	228	26	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	228	27	content	content	NN
work_3ehybzpqvbdsjlegtnkdycupja	228	28	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	228	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	228	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	228	31	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	228	32	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	228	33	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	228	34	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	228	35	flow	flow	NN
work_3ehybzpqvbdsjlegtnkdycupja	228	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	228	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	229	1	Similarly	similarly	RB
work_3ehybzpqvbdsjlegtnkdycupja	229	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	229	3	put	put	VBD
work_3ehybzpqvbdsjlegtnkdycupja	229	4	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	229	5	≡	≡	NNP
work_3ehybzpqvbdsjlegtnkdycupja	229	6	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	229	7	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	229	8	βa1	βa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	229	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	229	10	denote	denote	NNP
work_3ehybzpqvbdsjlegtnkdycupja	229	11	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	229	12	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	229	13	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	229	14	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	229	15	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	229	16	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	229	17	addition	addition	NN
work_3ehybzpqvbdsjlegtnkdycupja	229	18	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	229	19	z2	z2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	229	20	≡	≡	NNP
work_3ehybzpqvbdsjlegtnkdycupja	229	21	∆a2v	∆a2v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	229	22	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	229	23	u2	u2	NN
work_3ehybzpqvbdsjlegtnkdycupja	229	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	230	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	230	2	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	230	3	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	230	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	230	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	230	6	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	230	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	230	8	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	230	9	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	230	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	230	11	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	230	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	230	13	observationally	observationally	RB
work_3ehybzpqvbdsjlegtnkdycupja	230	14	equivalent	equivalent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	230	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	230	16	o.e	o.e	NNP
work_3ehybzpqvbdsjlegtnkdycupja	230	17	.	.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	230	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	231	1	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	231	2	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	231	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	231	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	231	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	231	6	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	231	7	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	231	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	231	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	231	10	19Coval	19Coval	NNP
work_3ehybzpqvbdsjlegtnkdycupja	231	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	231	12	Stafford	Stafford	NNP
work_3ehybzpqvbdsjlegtnkdycupja	231	13	argue	argue	VBP
work_3ehybzpqvbdsjlegtnkdycupja	231	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	231	15	more	more	JJR
work_3ehybzpqvbdsjlegtnkdycupja	231	16	detail	detail	NN
work_3ehybzpqvbdsjlegtnkdycupja	231	17	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	231	18	fire	fire	NN
work_3ehybzpqvbdsjlegtnkdycupja	231	19	sales	sale	NNS
work_3ehybzpqvbdsjlegtnkdycupja	231	20	occur	occur	VBP
work_3ehybzpqvbdsjlegtnkdycupja	231	21	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	231	22	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	231	23	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	231	24	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	231	25	follow	follow	VBP
work_3ehybzpqvbdsjlegtnkdycupja	231	26	specialized	specialized	JJ
work_3ehybzpqvbdsjlegtnkdycupja	231	27	investment	investment	NN
work_3ehybzpqvbdsjlegtnkdycupja	231	28	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	231	29	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	231	30	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	231	31	exhibit	exhibit	VBP
work_3ehybzpqvbdsjlegtnkdycupja	231	32	considerable	considerable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	231	33	overlap	overlap	NN
work_3ehybzpqvbdsjlegtnkdycupja	231	34	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	231	35	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	231	36	holdings	holding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	231	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	232	1	20Easley	20Easley	NNP
work_3ehybzpqvbdsjlegtnkdycupja	232	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	232	3	Hvidkjaer	Hvidkjaer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	232	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	232	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	232	6	O’Hara	O’Hara	NNP
work_3ehybzpqvbdsjlegtnkdycupja	232	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	232	8	2002	2002	CD
work_3ehybzpqvbdsjlegtnkdycupja	232	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	232	10	develop	develop	VB
work_3ehybzpqvbdsjlegtnkdycupja	232	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	232	12	methodology	methodology	NN
work_3ehybzpqvbdsjlegtnkdycupja	232	13	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	232	14	estimate	estimate	VB
work_3ehybzpqvbdsjlegtnkdycupja	232	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	232	16	probability	probability	NN
work_3ehybzpqvbdsjlegtnkdycupja	232	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	232	18	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	232	19	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	232	20	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	232	21	transaction	transaction	NN
work_3ehybzpqvbdsjlegtnkdycupja	232	22	data	datum	NNS
work_3ehybzpqvbdsjlegtnkdycupja	232	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	233	1	14	14	CD
work_3ehybzpqvbdsjlegtnkdycupja	233	2	sequence	sequence	NN
work_3ehybzpqvbdsjlegtnkdycupja	233	3	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	233	4	z1,z2	z1,z2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	233	5	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	233	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	233	7	o.e	o.e	NNP
work_3ehybzpqvbdsjlegtnkdycupja	233	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	234	1	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	234	2	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	234	3	p1,p2	p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	234	4	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	234	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	235	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	235	2	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	235	3	let	let	VBP
work_3ehybzpqvbdsjlegtnkdycupja	235	4	xn	xn	NNP
work_3ehybzpqvbdsjlegtnkdycupja	235	5	≡	≡	ADD
work_3ehybzpqvbdsjlegtnkdycupja	235	6	∫	∫	:
work_3ehybzpqvbdsjlegtnkdycupja	235	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	235	8	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	235	9	xin	xin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	235	10	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	235	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	235	12	impose	impose	VB
work_3ehybzpqvbdsjlegtnkdycupja	235	13	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	235	14	clearing	clearing	NN
work_3ehybzpqvbdsjlegtnkdycupja	235	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	235	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	235	17	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	235	18	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	235	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	235	20	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	235	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	235	22	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	235	23	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	235	24	convention	convention	NN
work_3ehybzpqvbdsjlegtnkdycupja	235	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	235	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	235	27	implication	implication	NN
work_3ehybzpqvbdsjlegtnkdycupja	235	28	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	235	29	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	235	30	x1	x1	NN
work_3ehybzpqvbdsjlegtnkdycupja	235	31	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	235	32	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	235	33	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	235	34	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	235	35	⇐	⇐	CD
work_3ehybzpqvbdsjlegtnkdycupja	235	36	⇒	⇒	CD
work_3ehybzpqvbdsjlegtnkdycupja	235	37	a1v	a1v	NNS
work_3ehybzpqvbdsjlegtnkdycupja	235	38	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	235	39	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	235	40	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	235	41	ϕ1(p1	ϕ1(p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	235	42	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	235	43	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	236	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	236	2	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	236	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	236	4	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	236	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	236	6	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	236	7	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	236	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	236	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	236	10	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	236	11	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	236	12	clearing	clear	VBG
work_3ehybzpqvbdsjlegtnkdycupja	236	13	condition	condition	NN
work_3ehybzpqvbdsjlegtnkdycupja	236	14	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	236	15	x2	x2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	16	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	236	17	βθ1	βθ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	18	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	236	19	u2	u2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	236	21	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	236	22	⇐	⇐	CD
work_3ehybzpqvbdsjlegtnkdycupja	236	23	⇒	⇒	CD
work_3ehybzpqvbdsjlegtnkdycupja	236	24	x2	x2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	25	−βx1	−βx1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	26	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	236	27	u2	u2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	28	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	236	29	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	236	30	⇐	⇐	CD
work_3ehybzpqvbdsjlegtnkdycupja	236	31	⇒	⇒	CD
work_3ehybzpqvbdsjlegtnkdycupja	236	32	a2v	a2v	CD
work_3ehybzpqvbdsjlegtnkdycupja	236	33	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	236	34	bsP	bsp	JJ
work_3ehybzpqvbdsjlegtnkdycupja	236	35	−ϕ2(p1,p2	−ϕ2(p1,p2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	236	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	236	37	−β(a1v	−β(a1v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	38	−ϕ1(p1	−ϕ1(p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	236	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	236	40	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	236	41	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	236	42	u2	u2	NN
work_3ehybzpqvbdsjlegtnkdycupja	236	43	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	236	44	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	236	45	⇐	⇐	CD
work_3ehybzpqvbdsjlegtnkdycupja	236	46	⇒	⇒	CD
work_3ehybzpqvbdsjlegtnkdycupja	236	47	∆a2v	∆a2v	NNS
work_3ehybzpqvbdsjlegtnkdycupja	236	48	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	236	49	u2	u2	NN
work_3ehybzpqvbdsjlegtnkdycupja	236	50	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	236	51	ϕ2(p1,p2	ϕ2(p1,p2	XX
work_3ehybzpqvbdsjlegtnkdycupja	236	52	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	236	53	−βϕ1(p1	−βϕ1(p1	NFP
work_3ehybzpqvbdsjlegtnkdycupja	236	54	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	236	55	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	56	bsP	bsP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	57	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	236	58	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	236	59	7	7	LS
work_3ehybzpqvbdsjlegtnkdycupja	236	60	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	236	61	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	236	62	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	236	63	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	236	64	line	line	NN
work_3ehybzpqvbdsjlegtnkdycupja	236	65	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	236	66	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	236	67	used	use	VBN
work_3ehybzpqvbdsjlegtnkdycupja	236	68	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	236	69	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	236	70	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	236	71	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	236	72	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	236	73	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	236	74	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	75	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	236	76	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	77	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	78	βa1	βa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	236	79	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	236	80	denote	denote	VBP
work_3ehybzpqvbdsjlegtnkdycupja	236	81	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	236	82	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	236	83	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	236	84	weighted	weighted	JJ
work_3ehybzpqvbdsjlegtnkdycupja	236	85	net	net	JJ
work_3ehybzpqvbdsjlegtnkdycupja	236	86	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	236	87	intensity	intensity	NN
work_3ehybzpqvbdsjlegtnkdycupja	236	88	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	236	89	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	236	90	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	236	91	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	236	92	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	236	93	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	236	94	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	237	1	From	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	237	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	237	3	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	237	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	237	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	237	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	237	7	7	7	LS
work_3ehybzpqvbdsjlegtnkdycupja	237	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	237	9	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	237	10	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	237	11	easy	easy	JJ
work_3ehybzpqvbdsjlegtnkdycupja	237	12	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	237	13	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	237	14	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	237	15	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	237	16	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	237	17	o.e	o.e	NNP
work_3ehybzpqvbdsjlegtnkdycupja	237	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	238	1	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	238	2	p1	p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	238	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	238	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	238	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	238	6	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	238	7	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	238	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	238	9	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	238	10	z1,z2	z1,z2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	238	11	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	238	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	238	13	o.e	o.e	NNP
work_3ehybzpqvbdsjlegtnkdycupja	238	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	239	1	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	239	2	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	239	3	p1,p2	p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	239	4	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	239	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	240	1	Hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	240	2	E1[v	e1[v	FW
work_3ehybzpqvbdsjlegtnkdycupja	240	3	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	4	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	240	5	τ−11	τ−11	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	7	τvv̄+a1τuz1	τvv̄+a1τuz1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	240	10	E2[v	e2[v	LS
work_3ehybzpqvbdsjlegtnkdycupja	240	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	12	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	240	13	τ	τ	CD
work_3ehybzpqvbdsjlegtnkdycupja	240	14	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	15	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	240	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	17	τ1E1[v	τ1e1[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	240	18	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	19	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	240	20	τηsP	τηsp	CD
work_3ehybzpqvbdsjlegtnkdycupja	240	21	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	240	22	∆a2τuz2	∆a2τuz2	XX
work_3ehybzpqvbdsjlegtnkdycupja	240	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	240	25	Var1[v	Var1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	26	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	27	≡	≡	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	28	τ	τ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	29	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	30	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	240	31	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	240	32	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	33	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	34	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	240	35	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	240	36	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	240	37	1τu	1τu	NN
work_3ehybzpqvbdsjlegtnkdycupja	240	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	39	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	240	41	Var2[v	Var2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	42	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	43	≡	≡	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	44	τ−12	τ−12	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	45	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	240	46	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	47	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	48	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	240	49	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	240	50	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	240	51	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	52	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	53	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	54	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	240	55	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	56	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	57	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	58	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	240	59	Ein[v	Ein[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	60	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	61	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	240	62	τ	τ	LS
work_3ehybzpqvbdsjlegtnkdycupja	240	63	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	64	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	240	65	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	66	τnEn[v	τnEn[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	67	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	68	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	240	69	τεsi	τεsi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	70	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	71	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	240	72	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	240	73	Varin[v	Varin[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	74	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	75	≡	≡	ADD
work_3ehybzpqvbdsjlegtnkdycupja	240	76	τ−1	τ−1	NN
work_3ehybzpqvbdsjlegtnkdycupja	240	77	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	240	78	=	=	NNS
work_3ehybzpqvbdsjlegtnkdycupja	240	79	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	80	τn	τn	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	81	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	240	82	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	83	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	240	84	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	240	85	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	241	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	241	2	shall	shall	MD
work_3ehybzpqvbdsjlegtnkdycupja	241	3	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	241	4	relate	relate	VB
work_3ehybzpqvbdsjlegtnkdycupja	241	5	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	241	6	formation	formation	NN
work_3ehybzpqvbdsjlegtnkdycupja	241	7	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	241	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	241	9	Keynes	Keynes	NNP
work_3ehybzpqvbdsjlegtnkdycupja	241	10	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	241	11	notion	notion	NN
work_3ehybzpqvbdsjlegtnkdycupja	241	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	241	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	241	14	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	241	15	Contest	Contest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	241	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	242	1	Then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	242	2	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	242	3	look	look	VBP
work_3ehybzpqvbdsjlegtnkdycupja	242	4	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	242	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	242	6	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	242	7	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	242	8	mechanism	mechanism	NN
work_3ehybzpqvbdsjlegtnkdycupja	242	9	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	242	10	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	242	11	associate	associate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	242	12	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	242	13	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	242	14	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	242	15	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	242	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	242	17	characterize	characterize	VB
work_3ehybzpqvbdsjlegtnkdycupja	242	18	equilibria	equilibria	NNP
work_3ehybzpqvbdsjlegtnkdycupja	242	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	242	20	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	242	21	stability	stability	NN
work_3ehybzpqvbdsjlegtnkdycupja	242	22	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	242	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	242	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	242	25	trading	trade	VBG
work_3ehybzpqvbdsjlegtnkdycupja	242	26	strate-	strate-	NN
work_3ehybzpqvbdsjlegtnkdycupja	242	27	gies	gy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	242	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	243	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	243	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	243	3	way	way	NN
work_3ehybzpqvbdsjlegtnkdycupja	243	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	243	5	demonstrate	demonstrate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	243	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	243	7	limits	limit	NNS
work_3ehybzpqvbdsjlegtnkdycupja	243	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	243	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	243	10	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	243	11	Contest	Contest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	243	12	analogy	analogy	NN
work_3ehybzpqvbdsjlegtnkdycupja	243	13	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	243	14	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	243	15	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	243	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	244	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	244	2	end	end	VBP
work_3ehybzpqvbdsjlegtnkdycupja	244	3	Section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	244	4	III	iii	CD
work_3ehybzpqvbdsjlegtnkdycupja	244	5	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	244	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	244	7	robustness	robustness	NN
work_3ehybzpqvbdsjlegtnkdycupja	244	8	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	244	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	245	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	245	2	Prices	Prices	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	245	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	245	4	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	245	5	Contests	Contests	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	245	6	Here	here	RB
work_3ehybzpqvbdsjlegtnkdycupja	245	7	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	245	8	give	give	VBP
work_3ehybzpqvbdsjlegtnkdycupja	245	9	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	245	10	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	245	11	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	245	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	245	13	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	245	14	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	245	15	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	245	16	highlights	highlight	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	245	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	245	18	dependence	dependence	NN
work_3ehybzpqvbdsjlegtnkdycupja	245	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	245	20	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	245	21	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	245	22	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	245	23	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	245	24	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	245	25	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	245	26	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	245	27	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	245	28	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	245	29	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	245	30	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	245	31	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	245	32	cf	cf	NN
work_3ehybzpqvbdsjlegtnkdycupja	245	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	246	1	Allen	Allen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	246	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	246	3	Morris	Morris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	246	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	246	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	246	6	Shin	Shin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	246	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	246	8	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	246	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	246	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	246	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	247	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	247	2	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	247	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	247	4	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	247	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	247	6	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	247	7	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	247	8	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	247	9	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	247	10	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	247	11	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	247	12	n	n	RB
work_3ehybzpqvbdsjlegtnkdycupja	247	13	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	247	14	affect	affect	VBP
work_3ehybzpqvbdsjlegtnkdycupja	247	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	247	16	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	247	17	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	247	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	247	19	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	247	20	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	247	21	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	247	22	n+1	n+1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	247	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	248	1	So	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	248	2	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	248	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	248	4	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	248	5	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	248	6	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	248	7	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	248	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	248	9	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	248	10	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	248	11	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	248	12	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	248	13	use	use	VBP
work_3ehybzpqvbdsjlegtnkdycupja	248	14	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	248	15	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	248	16	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	248	17	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	248	18	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	248	19	infer	infer	VB
work_3ehybzpqvbdsjlegtnkdycupja	248	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	248	21	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	248	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	248	23	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	248	24	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	248	25	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	248	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	248	27	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	248	28	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	248	29	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	248	30	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	248	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	249	1	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	249	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	249	3	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	249	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	249	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	249	6	latter	latter	NN
work_3ehybzpqvbdsjlegtnkdycupja	249	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	249	8	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	249	9	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	249	10	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	249	11	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	249	12	HOEs	hoe	NNS
work_3ehybzpqvbdsjlegtnkdycupja	249	13	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	249	14	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	249	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	249	16	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	249	17	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	249	18	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	249	19	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	249	20	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	249	21	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	249	22	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	249	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	250	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	250	2	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	250	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	250	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	250	5	turn	turn	NN
work_3ehybzpqvbdsjlegtnkdycupja	250	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	250	7	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	250	8	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	250	9	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	250	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	250	11	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	250	12	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	250	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	250	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	250	15	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	250	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	251	1	Let	let	VB
work_3ehybzpqvbdsjlegtnkdycupja	251	2	us	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	251	3	denote	denote	VB
work_3ehybzpqvbdsjlegtnkdycupja	251	4	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	251	5	Ēn[v	Ēn[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	251	6	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	251	7	≡	≡	ADD
work_3ehybzpqvbdsjlegtnkdycupja	251	8	∫	∫	:
work_3ehybzpqvbdsjlegtnkdycupja	251	9	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	251	10	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	251	11	Ein[v	Ein[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	251	12	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	251	13	di	di	FW
work_3ehybzpqvbdsjlegtnkdycupja	251	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	251	15	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	251	16	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	251	17	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	251	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	251	19	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	251	20	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	251	21	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	251	22	n	n	NNP
work_3ehybzpqvbdsjlegtnkdycupja	251	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	251	24	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	251	25	Ēn[v	Ēn[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	251	26	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	251	27	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	251	28	αEnv	αenv	JJ
work_3ehybzpqvbdsjlegtnkdycupja	251	29	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	251	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	251	31	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	251	32	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	251	33	αEn	αEn	''
work_3ehybzpqvbdsjlegtnkdycupja	251	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	251	35	En[v	En[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	251	36	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	251	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	252	1	Starting	start	VBG
work_3ehybzpqvbdsjlegtnkdycupja	252	2	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	252	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	252	4	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	252	5	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	252	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	252	7	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	252	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	252	9	impose	impose	VBP
work_3ehybzpqvbdsjlegtnkdycupja	252	10	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	252	11	clearing	clearing	NN
work_3ehybzpqvbdsjlegtnkdycupja	252	12	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	252	13	∫	∫	$
work_3ehybzpqvbdsjlegtnkdycupja	252	14	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	252	15	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	252	16	X2(si	X2(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	252	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	252	18	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	252	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	252	20	p1,p2	p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	252	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	252	22	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	252	23	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	252	24	θ2	θ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	252	25	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	252	26	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	252	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	253	1	Because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	253	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	253	3	CARA	CARA	NNP
work_3ehybzpqvbdsjlegtnkdycupja	253	4	15	15	CD
work_3ehybzpqvbdsjlegtnkdycupja	253	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	253	6	normality	normality	NN
work_3ehybzpqvbdsjlegtnkdycupja	253	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	253	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	253	9	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	253	10	X2(si	X2(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	253	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	253	12	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	253	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	253	14	p1,p2	p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	253	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	253	16	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	253	17	γVari2[v	γvari2[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	253	18	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	253	19	−1(Ei2[v	−1(Ei2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	253	20	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	253	21	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	253	22	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	253	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	253	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	254	1	Substituting	substitute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	254	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	254	3	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	254	4	into	into	IN
work_3ehybzpqvbdsjlegtnkdycupja	254	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	254	6	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	254	7	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	254	8	clearing	clear	VBG
work_3ehybzpqvbdsjlegtnkdycupja	254	9	equation	equation	NN
work_3ehybzpqvbdsjlegtnkdycupja	254	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	254	11	solving	solve	VBG
work_3ehybzpqvbdsjlegtnkdycupja	254	12	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	254	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	254	14	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	254	15	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	254	16	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	254	17	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	254	18	p2	p2	VBP
work_3ehybzpqvbdsjlegtnkdycupja	254	19	=	=	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	254	20	Ē2[v	ē2[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	254	21	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	254	22	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	254	23	Vari2[v	Vari2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	254	24	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	254	25	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	254	26	θ2	θ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	254	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	255	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	255	2	8)	8)	CD
work_3ehybzpqvbdsjlegtnkdycupja	255	3	Similarly	similarly	RB
work_3ehybzpqvbdsjlegtnkdycupja	255	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	255	5	imposing	impose	VBG
work_3ehybzpqvbdsjlegtnkdycupja	255	6	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	255	7	clearing	clearing	NN
work_3ehybzpqvbdsjlegtnkdycupja	255	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	255	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	255	10	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	255	11	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	255	12	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	255	13	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	255	14	∫	∫	:
work_3ehybzpqvbdsjlegtnkdycupja	255	15	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	255	16	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	255	17	X1(si	x1(si	NN
work_3ehybzpqvbdsjlegtnkdycupja	255	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	255	19	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	255	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	255	21	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	255	22	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	255	23	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	255	24	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	255	25	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	255	26	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	255	27	solving	solve	VBG
work_3ehybzpqvbdsjlegtnkdycupja	255	28	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	255	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	255	30	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	255	31	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	255	32	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	255	33	yields	yield	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	255	34	p1	p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	255	35	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	255	36	Ē1[p2	Ē1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	255	37	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	255	38	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	255	39	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	255	40	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	255	41	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	255	42	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	255	43	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	256	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	2	9	9	LS
work_3ehybzpqvbdsjlegtnkdycupja	256	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	4	Substituting	substitute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	256	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	6	8)	8)	CD
work_3ehybzpqvbdsjlegtnkdycupja	256	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	256	8	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	256	9	rearranging	rearrange	VBG
work_3ehybzpqvbdsjlegtnkdycupja	256	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	256	11	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	256	12	obtain	obtain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	256	13	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	256	14	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	256	15	Ē1	ē1	UH
work_3ehybzpqvbdsjlegtnkdycupja	256	16	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	17	Ē2[v	Ē2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	18	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	19	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	20	Vari2[v	Vari2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	21	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	22	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	23	θ2	θ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	24	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	25	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	26	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	27	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	28	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	29	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	256	30	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	256	31	Ē1[Ē2[v	ē1[ē2[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	256	32	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	33	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	34	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	256	35	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	36	Vari2[v	Vari2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	37	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	38	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	39	Ē1[θ1	Ē1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	40	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	41	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	256	42	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	43	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	256	44	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	256	45	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	256	46	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	257	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	2	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	257	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	4	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	257	5	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	257	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	7	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	257	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	257	10	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	257	11	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	257	12	constitute	constitute	VBP
work_3ehybzpqvbdsjlegtnkdycupja	257	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	257	14	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	257	15	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	257	16	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	17	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	18	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	257	19	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	257	20	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	257	21	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	257	22	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	257	23	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	24	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	257	25	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	257	26	over	over	IN
work_3ehybzpqvbdsjlegtnkdycupja	257	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	257	28	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	29	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	31	Ē1[Ē2[v	ē1[ē2[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	32	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	33	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	257	36	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	257	37	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	38	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	257	39	adjusted	adjust	VBN
work_3ehybzpqvbdsjlegtnkdycupja	257	40	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	41	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	257	42	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	257	43	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	257	44	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	257	45	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	46	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	47	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	257	48	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	49	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	257	50	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	51	θ1	θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	257	52	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	53	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	257	54	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	257	55	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	257	56	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	257	57	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	257	58	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	257	59	over	over	IN
work_3ehybzpqvbdsjlegtnkdycupja	257	60	first-	first-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	257	61	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	62	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	257	63	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	257	64	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	65	Ē1[θ1	Ē1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	257	66	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	67	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	257	68	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	258	1	Those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	258	2	latter	latter	JJ
work_3ehybzpqvbdsjlegtnkdycupja	258	3	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	258	4	arise	arise	VBP
work_3ehybzpqvbdsjlegtnkdycupja	258	5	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	258	6	p2	p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	258	7	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	258	8	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	258	9	θ2	θ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	258	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	258	11	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	258	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	258	13	turn	turn	NN
work_3ehybzpqvbdsjlegtnkdycupja	258	14	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	258	15	correlated	correlate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	258	16	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	258	17	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	258	18	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	258	19	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	258	20	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	258	21	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	258	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	259	1	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	259	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	259	3	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	259	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	259	5	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	259	6	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	259	7	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	259	8	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	259	9	interested	interested	JJ
work_3ehybzpqvbdsjlegtnkdycupja	259	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	259	11	estimating	estimate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	259	12	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	259	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	260	1	Expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	260	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	260	3	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	260	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	260	5	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	260	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	260	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	260	8	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	260	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	260	10	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	260	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	260	12	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	260	13	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	260	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	260	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	260	16	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	260	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	260	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	260	19	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	260	20	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	260	21	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	260	22	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	260	23	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	260	24	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	260	25	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	260	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	260	27	sum	sum	NN
work_3ehybzpqvbdsjlegtnkdycupja	260	28	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	260	29	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	260	30	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	260	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	261	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	261	2	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	261	3	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	261	4	captures	capture	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	261	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	261	6	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	261	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	261	8	HOEs	hoe	NNS
work_3ehybzpqvbdsjlegtnkdycupja	261	9	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	261	10	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	261	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	261	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	261	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	261	14	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	261	15	reflects	reflect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	261	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	261	17	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	261	18	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	261	19	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	261	20	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	261	21	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	261	22	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	261	23	concerning	concern	VBG
work_3ehybzpqvbdsjlegtnkdycupja	261	24	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	261	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	262	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	262	2	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	262	3	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	262	4	Ē1[Ē2[v	ē1[ē2[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	262	5	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	262	6	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	262	7	=	=	FW
work_3ehybzpqvbdsjlegtnkdycupja	262	8	ᾱE1v	ᾱe1v	XX
work_3ehybzpqvbdsjlegtnkdycupja	262	9	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	262	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	262	11	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	262	12	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	262	13	ᾱE1	ᾱE1	''
work_3ehybzpqvbdsjlegtnkdycupja	262	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	262	15	E1[v	E1[v	NFP
work_3ehybzpqvbdsjlegtnkdycupja	262	16	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	262	17	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	262	18	Ē1[θ1	Ē1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	262	19	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	262	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	262	21	a1(1	a1(1	FW
work_3ehybzpqvbdsjlegtnkdycupja	262	22	−αE1	−αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	262	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	262	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	262	25	v	v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	262	26	−E1[v	−E1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	262	27	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	262	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	262	29	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	262	30	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	262	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	263	1	Here	here	RB
work_3ehybzpqvbdsjlegtnkdycupja	263	2	ᾱE1	ᾱe1	NN
work_3ehybzpqvbdsjlegtnkdycupja	263	3	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	263	4	αE1	αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	263	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	6	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	263	7	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	9	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	10	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	263	11	τ2)(1	τ2)(1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	12	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	13	αE2	αe2	NN
work_3ehybzpqvbdsjlegtnkdycupja	263	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	263	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	263	18	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	19	denotes	denote	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	263	20	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	263	21	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	263	22	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	263	23	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	263	24	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	263	25	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	263	26	responsiveness	responsiveness	NN
work_3ehybzpqvbdsjlegtnkdycupja	263	27	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	263	28	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	263	29	information.21	information.21	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	30	So	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	263	31	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	263	32	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	33	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	263	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	263	36	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	263	37	implication	implication	NN
work_3ehybzpqvbdsjlegtnkdycupja	263	38	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	263	39	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	263	40	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	263	41	total	total	JJ
work_3ehybzpqvbdsjlegtnkdycupja	263	42	21When	21When	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	43	computing	compute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	263	44	Ē1[θ1	Ē1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	45	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	46	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	263	47	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	263	48	z1	z1	NN
work_3ehybzpqvbdsjlegtnkdycupja	263	49	=	=	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	50	Ei1[z1	ei1[z1	LS
work_3ehybzpqvbdsjlegtnkdycupja	263	51	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	52	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	263	53	a1Ei1[v	a1Ei1[v	NFP
work_3ehybzpqvbdsjlegtnkdycupja	263	54	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	55	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	56	Ei1[θ1	Ei1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	57	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	58	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	263	59	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	263	60	Ei1[θ1	Ei1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	61	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	62	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	263	63	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	64	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	65	a1Ei1[v	a1Ei1[v	NFP
work_3ehybzpqvbdsjlegtnkdycupja	263	66	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	67	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	263	68	a1(v	a1(v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	69	−Ei1[v	−Ei1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	263	70	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	71	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	263	72	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	263	73	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	263	74	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	264	1	Computing	compute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	264	2	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	264	3	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	264	4	yields	yield	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	264	5	Ē1[θ1	Ē1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	264	6	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	264	7	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	264	8	a1(v	a1(v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	264	9	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	264	10	Ē1[v	Ē1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	264	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	264	12	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	264	13	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	264	14	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	264	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	265	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	265	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	265	3	using	use	VBG
work_3ehybzpqvbdsjlegtnkdycupja	265	4	Ē1[v	ē1[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	265	5	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	265	6	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	265	7	αE1v	αe1v	XX
work_3ehybzpqvbdsjlegtnkdycupja	265	8	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	265	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	265	10	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	265	11	−αE1	−αe1	CD
work_3ehybzpqvbdsjlegtnkdycupja	265	12	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	265	13	E1[v	E1[v	NFP
work_3ehybzpqvbdsjlegtnkdycupja	265	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	265	15	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	265	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	265	17	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	265	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	265	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	265	20	centered	center	VBN
work_3ehybzpqvbdsjlegtnkdycupja	265	21	formula	formula	NN
work_3ehybzpqvbdsjlegtnkdycupja	265	22	above	above	RB
work_3ehybzpqvbdsjlegtnkdycupja	265	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	266	1	16	16	CD
work_3ehybzpqvbdsjlegtnkdycupja	266	2	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	266	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	266	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	266	5	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	266	6	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	266	7	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	266	8	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	266	9	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	266	10	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	266	11	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	266	12	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	266	13	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	266	14	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	266	15	ᾱE1	ᾱe1	NN
work_3ehybzpqvbdsjlegtnkdycupja	266	16	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	266	17	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	266	18	Vari2[v	Vari2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	266	19	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	266	20	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	266	21	a1(1	a1(1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	266	22	−αE1	−αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	266	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	266	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	267	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	267	2	11	11	CD
work_3ehybzpqvbdsjlegtnkdycupja	267	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	267	4	Observe	observe	VBP
work_3ehybzpqvbdsjlegtnkdycupja	267	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	267	6	ᾱE1	ᾱe1	NN
work_3ehybzpqvbdsjlegtnkdycupja	267	7	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	267	8	αE1	αe1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	267	9	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	267	10	any	any	DT
work_3ehybzpqvbdsjlegtnkdycupja	267	11	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	267	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	268	1	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	268	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	268	3	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	268	4	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	268	5	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	268	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	268	7	transient	transient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	268	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	268	9	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	268	10	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	268	11	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	268	12	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	268	13	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	268	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	268	15	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	268	16	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	268	17	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	268	18	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	268	19	places	place	NNS
work_3ehybzpqvbdsjlegtnkdycupja	268	20	more	more	JJR
work_3ehybzpqvbdsjlegtnkdycupja	268	21	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	268	22	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	268	23	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	268	24	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	268	25	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	268	26	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	268	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	268	28	optimal	optimal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	268	29	statistical	statistical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	268	30	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	268	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	269	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	269	2	finding	finding	NN
work_3ehybzpqvbdsjlegtnkdycupja	269	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	269	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	269	5	line	line	NN
work_3ehybzpqvbdsjlegtnkdycupja	269	6	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	269	7	Allen	Allen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	269	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	269	9	Morris	Morris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	269	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	269	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	269	12	Shin	Shin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	269	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	269	14	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	269	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	269	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	269	17	who	who	WP
work_3ehybzpqvbdsjlegtnkdycupja	269	18	prove	prove	VBP
work_3ehybzpqvbdsjlegtnkdycupja	269	19	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	269	20	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	269	21	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	269	22	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	269	23	heterogeneous	heterogeneous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	269	24	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	269	25	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	269	26	reflect	reflect	VBP
work_3ehybzpqvbdsjlegtnkdycupja	269	27	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	269	28	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	269	29	HOEs	hoe	NNS
work_3ehybzpqvbdsjlegtnkdycupja	269	30	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	269	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	269	32	final	final	JJ
work_3ehybzpqvbdsjlegtnkdycupja	269	33	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	269	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	270	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	270	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	270	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	270	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	270	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	270	6	law	law	NN
work_3ehybzpqvbdsjlegtnkdycupja	270	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	270	8	iterated	iterated	JJ
work_3ehybzpqvbdsjlegtnkdycupja	270	9	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	270	10	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	270	11	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	270	12	hold	hold	VB
work_3ehybzpqvbdsjlegtnkdycupja	270	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	270	14	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	270	15	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	270	16	forecasts	forecast	NNS
work_3ehybzpqvbdsjlegtnkdycupja	270	17	overweight	overweight	VBP
work_3ehybzpqvbdsjlegtnkdycupja	270	18	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	270	19	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	270	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	270	21	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	270	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	270	23	sense	sense	NN
work_3ehybzpqvbdsjlegtnkdycupja	270	24	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	270	25	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	270	26	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	270	27	ᾱE1	ᾱe1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	270	28	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	270	29	αE1	αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	270	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	270	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	271	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	271	2	reason	reason	NN
work_3ehybzpqvbdsjlegtnkdycupja	271	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	271	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	271	5	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	271	6	anticipate	anticipate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	271	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	271	8	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	271	9	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	271	10	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	271	11	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	271	12	knowing	know	VBG
work_3ehybzpqvbdsjlegtnkdycupja	271	13	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	271	14	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	271	15	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	271	16	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	271	17	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	271	18	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	271	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	271	20	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	271	21	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	271	22	observed	observe	VBN
work_3ehybzpqvbdsjlegtnkdycupja	271	23	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	271	24	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	271	25	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	271	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	272	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	272	2	Section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	272	3	III.E	III.E	NNP
work_3ehybzpqvbdsjlegtnkdycupja	272	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	272	5	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	272	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	272	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	272	8	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	272	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	272	10	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	272	11	systematically	systematically	RB
work_3ehybzpqvbdsjlegtnkdycupja	272	12	farther	farther	RB
work_3ehybzpqvbdsjlegtnkdycupja	272	13	away	away	RB
work_3ehybzpqvbdsjlegtnkdycupja	272	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	272	15	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	272	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	272	17	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	272	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	272	19	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	272	20	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	272	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	273	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	273	2	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	273	3	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	273	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	273	5	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	273	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	273	7	however	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	273	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	273	9	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	273	10	p1	p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	273	11	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	273	12	reflects	reflect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	273	13	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	273	14	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	273	15	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	273	16	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	273	17	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	273	18	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	273	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	274	1	Hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	274	2	another	another	DT
work_3ehybzpqvbdsjlegtnkdycupja	274	3	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	274	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	274	5	added	add	VBN
work_3ehybzpqvbdsjlegtnkdycupja	274	6	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	274	7	ᾱE1	ᾱe1	NN
work_3ehybzpqvbdsjlegtnkdycupja	274	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	274	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	274	10	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	274	11	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	274	12	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	274	13	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	274	14	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	274	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	274	16	11	11	CD
work_3ehybzpqvbdsjlegtnkdycupja	274	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	274	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	275	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	275	2	argue	argue	VBP
work_3ehybzpqvbdsjlegtnkdycupja	275	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	275	4	Section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	275	5	III.E	III.E	NNP
work_3ehybzpqvbdsjlegtnkdycupja	275	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	275	7	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	275	8	additional	additional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	275	9	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	275	10	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	275	11	reverse	reverse	VB
work_3ehybzpqvbdsjlegtnkdycupja	275	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	275	13	conclusion	conclusion	NN
work_3ehybzpqvbdsjlegtnkdycupja	275	14	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	275	15	derived	derive	VBD
work_3ehybzpqvbdsjlegtnkdycupja	275	16	under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	275	17	transient	transient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	275	18	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	275	19	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	275	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	276	1	B	B	NNP
work_3ehybzpqvbdsjlegtnkdycupja	276	2	Retrospective	Retrospective	NNP
work_3ehybzpqvbdsjlegtnkdycupja	276	3	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	276	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	276	5	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	276	6	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	276	7	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	276	8	start	start	VBP
work_3ehybzpqvbdsjlegtnkdycupja	276	9	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	276	10	giving	give	VBG
work_3ehybzpqvbdsjlegtnkdycupja	276	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	276	12	general	general	JJ
work_3ehybzpqvbdsjlegtnkdycupja	276	13	description	description	NN
work_3ehybzpqvbdsjlegtnkdycupja	276	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	276	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	276	16	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	276	17	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	276	18	function	function	NN
work_3ehybzpqvbdsjlegtnkdycupja	276	19	providing	provide	VBG
work_3ehybzpqvbdsjlegtnkdycupja	276	20	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	276	21	equivalent	equivalent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	276	22	expressions	expression	NNS
work_3ehybzpqvbdsjlegtnkdycupja	276	23	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	276	24	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	276	25	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	276	26	highlight	highlight	VBP
work_3ehybzpqvbdsjlegtnkdycupja	276	27	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	276	28	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	276	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	276	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	276	31	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	276	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	277	1	Proposition	proposition	NN
work_3ehybzpqvbdsjlegtnkdycupja	277	2	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	277	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	278	1	At	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	278	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	278	3	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	278	4	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	278	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	278	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	278	7	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	278	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	278	9	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	278	10	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	278	11	pn	pn	NNS
work_3ehybzpqvbdsjlegtnkdycupja	278	12	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	278	13	αPn	αPn	NNS
work_3ehybzpqvbdsjlegtnkdycupja	278	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	15	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	278	16	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	278	17	θn	θn	NN
work_3ehybzpqvbdsjlegtnkdycupja	278	18	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	278	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	20	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	278	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	22	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	278	23	−αPn	−αpn	LS
work_3ehybzpqvbdsjlegtnkdycupja	278	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	25	En[v	En[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	278	26	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	278	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	29	12	12	CD
work_3ehybzpqvbdsjlegtnkdycupja	278	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	31	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	278	32	θn	θn	NNP
work_3ehybzpqvbdsjlegtnkdycupja	278	33	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	278	34	un	un	NNP
work_3ehybzpqvbdsjlegtnkdycupja	278	35	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	278	36	βθn−1	βθn−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	278	37	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	278	38	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	278	39	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	278	40	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	278	41	αPn	αPn	NNS
work_3ehybzpqvbdsjlegtnkdycupja	278	42	denote	denote	VBP
work_3ehybzpqvbdsjlegtnkdycupja	278	43	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	278	44	responsiveness	responsiveness	NN
work_3ehybzpqvbdsjlegtnkdycupja	278	45	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	278	46	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	278	47	in-	in-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	278	48	formation	formation	NN
work_3ehybzpqvbdsjlegtnkdycupja	278	49	exhibited	exhibit	VBN
work_3ehybzpqvbdsjlegtnkdycupja	278	50	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	278	51	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	278	52	n	n	XX
work_3ehybzpqvbdsjlegtnkdycupja	278	53	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	278	54	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	278	55	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	278	56	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	278	57	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	278	58	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	278	59	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	278	60	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	278	61	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	62	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	278	63	equations	equation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	278	64	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	65	A.3a	A.3a	NNP
work_3ehybzpqvbdsjlegtnkdycupja	278	66	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	67	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	278	68	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	69	A.3b	A.3b	NNP
work_3ehybzpqvbdsjlegtnkdycupja	278	70	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	71	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	278	72	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	73	A.8	A.8	NNP
work_3ehybzpqvbdsjlegtnkdycupja	278	74	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	75	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	278	76	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	278	77	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	78	A.9	A.9	NNP
work_3ehybzpqvbdsjlegtnkdycupja	278	79	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	80	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	278	81	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	279	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	279	2	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	279	3	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	279	4	αP2	αp2	NN
work_3ehybzpqvbdsjlegtnkdycupja	279	5	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	279	6	αE2	αE2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	279	7	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	279	8	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	279	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	280	1	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	280	2	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	280	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	280	4	12	12	CD
work_3ehybzpqvbdsjlegtnkdycupja	280	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	280	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	280	7	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	280	8	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	280	9	n	n	CC
work_3ehybzpqvbdsjlegtnkdycupja	280	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	280	11	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	280	12	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	280	13	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	280	14	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	280	15	weighted	weighted	JJ
work_3ehybzpqvbdsjlegtnkdycupja	280	16	average	average	NN
work_3ehybzpqvbdsjlegtnkdycupja	280	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	280	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	280	19	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	280	20	expectation	expectation	NN
work_3ehybzpqvbdsjlegtnkdycupja	280	21	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	280	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	280	23	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	280	24	v	v	IN
work_3ehybzpqvbdsjlegtnkdycupja	280	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	280	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	280	27	semi	semi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	280	28	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	280	29	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	280	30	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	280	31	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	280	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	280	33	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	280	34	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	280	35	noisy	noisy	JJ
work_3ehybzpqvbdsjlegtnkdycupja	280	36	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	280	37	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	280	38	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	280	39	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	280	40	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	280	41	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	280	42	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	280	43	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	280	44	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	280	45	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	280	46	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	280	47	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	280	48	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	281	1	Rearranging	rearrange	VBG
work_3ehybzpqvbdsjlegtnkdycupja	281	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	281	3	17	17	CD
work_3ehybzpqvbdsjlegtnkdycupja	281	4	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	281	5	yields	yield	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	281	6	pn	pn	XX
work_3ehybzpqvbdsjlegtnkdycupja	281	7	−En[v	−En[v	NFP
work_3ehybzpqvbdsjlegtnkdycupja	281	8	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	281	9	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	281	10	αPn	αPn	NNS
work_3ehybzpqvbdsjlegtnkdycupja	281	11	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	281	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	281	13	an(v	an(v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	281	14	−En[v	−En[v	NFP
work_3ehybzpqvbdsjlegtnkdycupja	281	15	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	281	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	281	17	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	281	18	θn	θn	NN
work_3ehybzpqvbdsjlegtnkdycupja	281	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	281	20	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	281	21	ΛnEn[θn	ΛnEn[θn	NNP
work_3ehybzpqvbdsjlegtnkdycupja	281	22	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	281	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	281	24	13	13	CD
work_3ehybzpqvbdsjlegtnkdycupja	281	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	281	26	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	281	27	Λn	Λn	NNP
work_3ehybzpqvbdsjlegtnkdycupja	281	28	≡	≡	NNP
work_3ehybzpqvbdsjlegtnkdycupja	281	29	αPn	αPn	NNS
work_3ehybzpqvbdsjlegtnkdycupja	281	30	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	281	31	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	281	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	281	33	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	281	34	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	281	35	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	281	36	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	281	37	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	281	38	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	281	39	discrepancy	discrepancy	NN
work_3ehybzpqvbdsjlegtnkdycupja	281	40	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	281	41	pn	pn	NN
work_3ehybzpqvbdsjlegtnkdycupja	281	42	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	281	43	En[v	En[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	281	44	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	281	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	282	1	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	282	2	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	282	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	282	4	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	282	5	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	282	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	282	7	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	282	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	282	9	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	282	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	282	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	282	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	282	13	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	282	14	discrepancy	discrepancy	NN
work_3ehybzpqvbdsjlegtnkdycupja	282	15	reflects	reflect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	282	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	282	17	premium	premium	NN
work_3ehybzpqvbdsjlegtnkdycupja	282	18	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	282	19	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	282	20	proportional	proportional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	282	21	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	282	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	282	23	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	282	24	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	282	25	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	282	26	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	282	27	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	282	28	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	282	29	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	282	30	accommodate	accommodate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	282	31	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	282	32	n.	n.	NN
work_3ehybzpqvbdsjlegtnkdycupja	282	33	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	282	34	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	282	35	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	282	36	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	282	37	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	282	38	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	282	39	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	282	40	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	282	41	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	282	42	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	282	43	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	283	1	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	283	2	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	283	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	284	1	At	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	284	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	284	3	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	284	4	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	284	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	284	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	284	7	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	284	8	incorporates	incorporate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	284	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	284	10	premium	premium	NN
work_3ehybzpqvbdsjlegtnkdycupja	284	11	above	above	IN
work_3ehybzpqvbdsjlegtnkdycupja	284	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	284	13	semi-	semi-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	284	14	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	284	15	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	284	16	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	284	17	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	284	18	pn	pn	NNS
work_3ehybzpqvbdsjlegtnkdycupja	284	19	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	284	20	En[v	En[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	284	21	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	284	22	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	284	23	ΛnEn[θn	λnen[θn	NN
work_3ehybzpqvbdsjlegtnkdycupja	284	24	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	284	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	284	26	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	284	27	14	14	CD
work_3ehybzpqvbdsjlegtnkdycupja	284	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	284	29	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	284	30	Λ2	λ2	NN
work_3ehybzpqvbdsjlegtnkdycupja	284	31	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	284	32	Vari2[v]/γ	vari2[v]/γ	CD
work_3ehybzpqvbdsjlegtnkdycupja	284	33	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	284	34	Λ1	Λ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	284	35	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	284	36	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	284	37	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	284	38	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	284	39	+	+	CD
work_3ehybzpqvbdsjlegtnkdycupja	284	40	βΛ2	βΛ2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	284	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	285	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	285	2	15	15	LS
work_3ehybzpqvbdsjlegtnkdycupja	285	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	285	4	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	285	5	comparison	comparison	NN
work_3ehybzpqvbdsjlegtnkdycupja	285	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	285	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	285	8	15	15	CD
work_3ehybzpqvbdsjlegtnkdycupja	285	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	285	10	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	285	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	285	12	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	285	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	285	14	reveals	reveal	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	285	15	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	285	16	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	285	17	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	285	18	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	285	19	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	285	20	affects	affect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	285	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	285	22	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	285	23	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	285	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	285	25	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	285	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	286	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	286	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	286	3	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	286	4	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	286	6	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	286	7	who	who	WP
work_3ehybzpqvbdsjlegtnkdycupja	286	8	absorb	absorb	VBP
work_3ehybzpqvbdsjlegtnkdycupja	286	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	286	10	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	286	12	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	13	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	286	14	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	286	15	exposed	expose	VBN
work_3ehybzpqvbdsjlegtnkdycupja	286	16	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	286	17	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	18	stemming	stem	VBG
work_3ehybzpqvbdsjlegtnkdycupja	286	19	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	286	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	286	21	randomness	randomness	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	286	23	v.	v.	CC
work_3ehybzpqvbdsjlegtnkdycupja	286	24	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	286	25	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	286	26	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	286	27	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	286	29	however	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	286	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	286	31	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	286	32	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	286	33	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	34	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	286	35	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	286	36	date	date	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	37	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	286	38	face	face	VB
work_3ehybzpqvbdsjlegtnkdycupja	286	39	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	286	40	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	41	due	due	IN
work_3ehybzpqvbdsjlegtnkdycupja	286	42	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	286	43	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	286	44	randomness	randomness	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	45	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	286	46	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	286	47	next-	next-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	286	48	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	49	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	50	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	286	51	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	286	52	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	286	53	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	286	54	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	286	55	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	286	56	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	286	57	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	286	58	unwind	unwind	VBP
work_3ehybzpqvbdsjlegtnkdycupja	286	59	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	286	60	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	287	1	To	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	287	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	287	3	extent	extent	NN
work_3ehybzpqvbdsjlegtnkdycupja	287	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	287	5	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	287	6	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	287	7	displays	display	NNS
work_3ehybzpqvbdsjlegtnkdycupja	287	8	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	287	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	287	10	informed	inform	VBD
work_3ehybzpqvbdsjlegtnkdycupja	287	11	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	287	12	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	287	13	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	287	14	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	287	15	absorb	absorb	VBP
work_3ehybzpqvbdsjlegtnkdycupja	287	16	part	part	NN
work_3ehybzpqvbdsjlegtnkdycupja	287	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	287	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	287	19	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	287	20	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	287	21	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	287	22	liq-	liq-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	287	23	uidity	uidity	NNP
work_3ehybzpqvbdsjlegtnkdycupja	287	24	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	287	25	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	287	26	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	287	27	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	287	28	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	287	29	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	287	30	contributes	contribute	NNS
work_3ehybzpqvbdsjlegtnkdycupja	287	31	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	287	32	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	287	33	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	287	34	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	287	35	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	287	36	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	287	37	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	287	38	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	287	39	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	287	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	287	41	yielding	yield	VBG
work_3ehybzpqvbdsjlegtnkdycupja	287	42	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	287	43	15	15	CD
work_3ehybzpqvbdsjlegtnkdycupja	287	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	287	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	288	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	288	2	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	288	3	use	use	VB
work_3ehybzpqvbdsjlegtnkdycupja	288	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	288	5	14	14	CD
work_3ehybzpqvbdsjlegtnkdycupja	288	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	288	7	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	288	8	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	288	9	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	288	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	288	11	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	288	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	288	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	288	14	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	288	15	benchmark	benchmark	NN
work_3ehybzpqvbdsjlegtnkdycupja	288	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	288	17	under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	288	18	asymmetric	asymmetric	NNP
work_3ehybzpqvbdsjlegtnkdycupja	288	19	informa-	informa-	NN
work_3ehybzpqvbdsjlegtnkdycupja	288	20	tion	tion	NN
work_3ehybzpqvbdsjlegtnkdycupja	288	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	288	22	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	288	23	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	288	24	affected	affect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	288	25	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	288	26	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	288	27	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	288	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	288	29	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	288	30	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	288	31	Λn	λn	UH
work_3ehybzpqvbdsjlegtnkdycupja	288	32	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	288	33	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	288	34	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	288	35	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	288	36	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	288	37	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	288	38	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	289	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	289	2	claim	claim	NN
work_3ehybzpqvbdsjlegtnkdycupja	289	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	289	4	formalized	formalize	VBN
work_3ehybzpqvbdsjlegtnkdycupja	289	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	289	6	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	289	7	next	next	JJ
work_3ehybzpqvbdsjlegtnkdycupja	289	8	corollary	corollary	NN
work_3ehybzpqvbdsjlegtnkdycupja	289	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	290	1	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	290	2	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	290	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	291	1	Let	let	VB
work_3ehybzpqvbdsjlegtnkdycupja	291	2	a0	a0	NN
work_3ehybzpqvbdsjlegtnkdycupja	291	3	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	291	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	291	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	292	1	At	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	292	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	292	3	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	292	4	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	292	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	292	6	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	292	7	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	292	8	λ1z1	λ1z1	,
work_3ehybzpqvbdsjlegtnkdycupja	292	9	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	292	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	292	11	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	292	12	−λ1a1)v̄	−λ1a1)v̄	NNS
work_3ehybzpqvbdsjlegtnkdycupja	292	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	292	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	292	15	16a	16a	NNS
work_3ehybzpqvbdsjlegtnkdycupja	292	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	292	17	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	292	18	=	=	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	292	19	λ2z2	λ2z2	UH
work_3ehybzpqvbdsjlegtnkdycupja	292	20	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	292	21	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	292	22	τi2	τi2	VBN
work_3ehybzpqvbdsjlegtnkdycupja	292	23	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	292	24	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	292	25	γτ1E1[v	γτ1E1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	292	26	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	292	27	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	292	28	βz1	βz1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	292	29	γτi2	γτi2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	292	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	293	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	293	2	16b	16b	NNS
work_3ehybzpqvbdsjlegtnkdycupja	293	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	293	4	Here	here	RB
work_3ehybzpqvbdsjlegtnkdycupja	293	5	λn	λn	IN
work_3ehybzpqvbdsjlegtnkdycupja	293	6	denotes	denote	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	293	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	293	8	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	293	9	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	293	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	293	11	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	293	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	293	13	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	293	14	n	n	NN
work_3ehybzpqvbdsjlegtnkdycupja	293	15	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	293	16	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	293	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	293	18	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	293	19	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	293	20	λn	λn	NNP
work_3ehybzpqvbdsjlegtnkdycupja	293	21	≡	≡	NNP
work_3ehybzpqvbdsjlegtnkdycupja	293	22	∂pn	∂pn	.
work_3ehybzpqvbdsjlegtnkdycupja	293	23	∂un	∂un	.
work_3ehybzpqvbdsjlegtnkdycupja	293	24	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	293	25	αPn	αPn	NNS
work_3ehybzpqvbdsjlegtnkdycupja	293	26	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	293	27	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	293	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	293	29	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	293	30	−αPn	−αpn	LS
work_3ehybzpqvbdsjlegtnkdycupja	293	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	293	32	∆anτu	∆anτu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	293	33	τn	τn	NN
work_3ehybzpqvbdsjlegtnkdycupja	293	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	294	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	294	2	17	17	CD
work_3ehybzpqvbdsjlegtnkdycupja	294	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	294	4	18	18	CD
work_3ehybzpqvbdsjlegtnkdycupja	294	5	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	294	6	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	294	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	294	8	17	17	CD
work_3ehybzpqvbdsjlegtnkdycupja	294	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	294	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	294	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	294	12	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	294	13	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	294	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	294	15	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	294	16	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	294	17	n	n	NN
work_3ehybzpqvbdsjlegtnkdycupja	294	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	294	19	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	294	20	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	294	21	captured	capture	VBN
work_3ehybzpqvbdsjlegtnkdycupja	294	22	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	294	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	294	24	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	294	25	−αP2	−αp2	NN
work_3ehybzpqvbdsjlegtnkdycupja	294	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	294	27	∆a2τu	∆a2τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	294	28	τ2	τ2	NN
work_3ehybzpqvbdsjlegtnkdycupja	294	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	295	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	295	2	18	18	CD
work_3ehybzpqvbdsjlegtnkdycupja	295	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	295	4	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	295	5	shown	show	VBN
work_3ehybzpqvbdsjlegtnkdycupja	295	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	295	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	295	8	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	295	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	295	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	295	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	295	12	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	295	13	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	295	14	differs	differ	NNS
work_3ehybzpqvbdsjlegtnkdycupja	295	15	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	295	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	295	17	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	295	18	benchmark	benchmark	NN
work_3ehybzpqvbdsjlegtnkdycupja	295	19	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	295	20	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	295	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	295	22	sign	sign	NN
work_3ehybzpqvbdsjlegtnkdycupja	295	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	295	24	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	295	25	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	295	26	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	295	27	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	295	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	295	29	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	295	30	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	295	31	weighted	weighted	JJ
work_3ehybzpqvbdsjlegtnkdycupja	295	32	net	net	JJ
work_3ehybzpqvbdsjlegtnkdycupja	295	33	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	295	34	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	295	35	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	295	36	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	295	37	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	295	38	thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	295	39	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	295	40	net	net	JJ
work_3ehybzpqvbdsjlegtnkdycupja	295	41	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	295	42	intensity	intensity	NN
work_3ehybzpqvbdsjlegtnkdycupja	295	43	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	295	44	=	=	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	295	45	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	295	46	−βa1	−βa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	295	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	296	1	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	296	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	296	3	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	296	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	296	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	296	6	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	296	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	296	8	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	296	9	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	296	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	296	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	296	12	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	296	13	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	296	14	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	296	15	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	296	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	296	17	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	296	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	296	19	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	296	20	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	296	21	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	296	22	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	296	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	296	24	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	296	25	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	296	26	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	296	27	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	296	28	measured	measure	VBN
work_3ehybzpqvbdsjlegtnkdycupja	296	29	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	296	30	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	296	31	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	296	32	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	296	33	−βa1	−βa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	296	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	297	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	297	2	implication	implication	NN
work_3ehybzpqvbdsjlegtnkdycupja	297	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	297	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	297	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	297	6	sign	sign	NN
work_3ehybzpqvbdsjlegtnkdycupja	297	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	297	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	297	9	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	297	10	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	297	11	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	297	12	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	297	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	297	14	magnitude	magnitude	NN
work_3ehybzpqvbdsjlegtnkdycupja	297	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	297	16	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	297	17	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	297	18	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	297	19	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	297	20	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	297	21	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	297	22	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	297	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	298	1	22	22	CD
work_3ehybzpqvbdsjlegtnkdycupja	298	2	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	298	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	298	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	298	5	first-	first-	NN
work_3ehybzpqvbdsjlegtnkdycupja	298	6	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	298	7	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	298	8	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	298	9	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	298	10	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	298	11	affects	affect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	298	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	298	13	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	298	14	innovation	innovation	NN
work_3ehybzpqvbdsjlegtnkdycupja	298	15	extracted	extract	VBN
work_3ehybzpqvbdsjlegtnkdycupja	298	16	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	298	17	p1	p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	298	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	298	19	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	298	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	298	21	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	298	22	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	298	23	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	298	24	0	0	LS
work_3ehybzpqvbdsjlegtnkdycupja	298	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	298	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	298	27	one	one	NN
work_3ehybzpqvbdsjlegtnkdycupja	298	28	extracted	extract	VBD
work_3ehybzpqvbdsjlegtnkdycupja	298	29	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	298	30	p2—that	p2—that	NNP
work_3ehybzpqvbdsjlegtnkdycupja	298	31	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	298	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	298	33	both	both	CC
work_3ehybzpqvbdsjlegtnkdycupja	298	34	z1	z1	NN
work_3ehybzpqvbdsjlegtnkdycupja	298	35	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	298	36	z2—as	z2—as	NNP
work_3ehybzpqvbdsjlegtnkdycupja	298	37	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	298	38	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	298	39	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	298	40	sign	sign	NN
work_3ehybzpqvbdsjlegtnkdycupja	298	41	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	298	42	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	298	43	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	298	44	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	298	45	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	298	46	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	298	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	299	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	299	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	299	3	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	299	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	299	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	299	6	door	door	NN
work_3ehybzpqvbdsjlegtnkdycupja	299	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	299	8	open	open	JJ
work_3ehybzpqvbdsjlegtnkdycupja	299	9	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	299	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	299	11	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	299	12	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	299	13	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	299	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	299	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	299	16	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	299	17	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	299	18	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	299	19	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	299	20	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	299	21	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	299	22	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	299	23	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	299	24	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	299	25	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	299	26	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	299	27	retrospectively	retrospectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	299	28	reassess	reassess	VBP
work_3ehybzpqvbdsjlegtnkdycupja	299	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	299	30	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	299	31	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	299	32	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	299	33	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	299	34	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	299	35	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	299	36	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	299	37	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	299	38	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	299	39	new	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	299	40	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	299	41	gathered	gather	VBD
work_3ehybzpqvbdsjlegtnkdycupja	299	42	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	300	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	300	2	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	300	3	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	300	4	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	300	5	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	300	6	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	300	7	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	300	8	observe	observe	VBP
work_3ehybzpqvbdsjlegtnkdycupja	300	9	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	300	10	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	300	11	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	300	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	300	13	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	300	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	300	15	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	300	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	300	17	z2	z2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	300	18	high	high	RB
work_3ehybzpqvbdsjlegtnkdycupja	300	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	300	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	301	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	301	2	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	301	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	301	4	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	301	5	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	301	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	301	7	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	301	8	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	301	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	301	10	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	301	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	301	12	quite	quite	RB
work_3ehybzpqvbdsjlegtnkdycupja	301	13	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	301	14	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	301	15	v	v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	301	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	301	17	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	301	18	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	301	19	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	301	20	a1v	a1v	NNS
work_3ehybzpqvbdsjlegtnkdycupja	301	21	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	301	22	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	301	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	301	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	302	1	Hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	302	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	302	3	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	302	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	302	5	most	most	JJS
work_3ehybzpqvbdsjlegtnkdycupja	302	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	302	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	302	8	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	302	9	adjustment	adjustment	NN
work_3ehybzpqvbdsjlegtnkdycupja	302	10	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	302	11	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	302	12	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	302	13	must	must	MD
work_3ehybzpqvbdsjlegtnkdycupja	302	14	have	have	VB
work_3ehybzpqvbdsjlegtnkdycupja	302	15	occurred	occur	VBN
work_3ehybzpqvbdsjlegtnkdycupja	302	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	302	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	302	18	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	302	19	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	302	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	302	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	302	22	ii	ii	NNP
work_3ehybzpqvbdsjlegtnkdycupja	302	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	302	24	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	302	25	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	302	26	likely	likely	JJ
work_3ehybzpqvbdsjlegtnkdycupja	302	27	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	302	28	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	302	29	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	302	30	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	302	31	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	302	32	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	302	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	303	1	Since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	303	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	303	3	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	303	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	303	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	303	6	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	303	7	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	303	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	303	9	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	303	10	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	303	11	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	303	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	303	13	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	303	14	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	303	15	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	303	16	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	303	17	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	303	18	affected	affect	VBD
work_3ehybzpqvbdsjlegtnkdycupja	303	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	303	20	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	303	21	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	303	22	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	303	23	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	303	24	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	303	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	304	1	But	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	304	2	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	304	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	304	4	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	304	5	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	6	realization	realization	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	7	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	304	9	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	304	10	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	304	11	imply	imply	VB
work_3ehybzpqvbdsjlegtnkdycupja	304	12	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	304	13	lower	low	JJR
work_3ehybzpqvbdsjlegtnkdycupja	304	14	expectation	expectation	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	304	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	304	17	fundamentals.23	fundamentals.23	NNP
work_3ehybzpqvbdsjlegtnkdycupja	304	18	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	304	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	304	20	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	304	21	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	304	22	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	304	23	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	304	24	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	304	25	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	304	26	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	304	27	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	304	28	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	304	29	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	304	30	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	304	31	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	304	32	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	304	33	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	304	34	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	35	realization	realization	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	36	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	304	37	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	304	38	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	304	39	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	40	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	304	41	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	304	42	revise	revise	VB
work_3ehybzpqvbdsjlegtnkdycupja	304	43	downward	downward	RB
work_3ehybzpqvbdsjlegtnkdycupja	304	44	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	304	45	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	304	46	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	304	47	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	304	48	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	49	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	50	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	304	51	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	304	52	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	304	53	z2	z2	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	54	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	304	55	∆a2v	∆a2v	NNS
work_3ehybzpqvbdsjlegtnkdycupja	304	56	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	304	57	u2	u2	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	58	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	304	59	bad	bad	JJ
work_3ehybzpqvbdsjlegtnkdycupja	304	60	news	news	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	61	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	304	62	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	304	63	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	304	64	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	304	65	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	304	66	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	304	67	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	305	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	305	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	305	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	305	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	305	5	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	305	6	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	305	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	305	8	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	305	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	305	10	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	305	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	305	12	offsets	offset	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	305	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	305	14	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	305	15	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	305	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	306	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	306	2	instead	instead	RB
work_3ehybzpqvbdsjlegtnkdycupja	306	3	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	306	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	306	5	small	small	JJ
work_3ehybzpqvbdsjlegtnkdycupja	306	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	306	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	306	8	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	306	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	306	10	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	306	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	306	12	poorly	poorly	RB
work_3ehybzpqvbdsjlegtnkdycupja	306	13	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	306	14	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	306	15	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	306	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	306	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	306	18	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	306	19	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	306	20	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	306	21	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	306	22	realization	realization	NN
work_3ehybzpqvbdsjlegtnkdycupja	306	23	z2	z2	NN
work_3ehybzpqvbdsjlegtnkdycupja	306	24	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	306	25	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	306	26	likely	likely	JJ
work_3ehybzpqvbdsjlegtnkdycupja	306	27	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	306	28	come	come	VB
work_3ehybzpqvbdsjlegtnkdycupja	306	29	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	306	30	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	306	31	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	306	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	307	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	307	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	307	3	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	307	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	307	5	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	307	6	reinforces	reinforce	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	307	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	307	8	belief	belief	NN
work_3ehybzpqvbdsjlegtnkdycupja	307	9	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	307	10	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	307	11	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	307	12	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	307	13	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	307	14	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	307	15	affected	affect	VBD
work_3ehybzpqvbdsjlegtnkdycupja	307	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	307	17	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	307	18	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	307	19	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	307	20	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	307	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	307	22	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	307	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	307	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	307	25	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	307	26	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	307	27	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	307	28	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	307	29	realization	realization	NN
work_3ehybzpqvbdsjlegtnkdycupja	307	30	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	307	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	307	32	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	307	33	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	307	34	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	307	35	expectation	expectation	NN
work_3ehybzpqvbdsjlegtnkdycupja	307	36	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	307	37	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	307	38	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	307	39	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	307	40	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	307	41	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	307	42	>	>	NNP
work_3ehybzpqvbdsjlegtnkdycupja	307	43	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	307	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	307	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	308	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	308	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	308	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	308	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	308	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	308	6	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	308	7	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	308	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	308	9	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	308	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	308	11	adds	add	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	308	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	308	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	308	14	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	308	15	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	308	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	308	17	increasing	increase	VBG
work_3ehybzpqvbdsjlegtnkdycupja	308	18	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	308	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	309	1	22We	22we	CD
work_3ehybzpqvbdsjlegtnkdycupja	309	2	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	309	3	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	309	4	αP2	αp2	NN
work_3ehybzpqvbdsjlegtnkdycupja	309	5	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	309	6	αE2	αe2	NN
work_3ehybzpqvbdsjlegtnkdycupja	309	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	309	8	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	309	9	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	309	10	−αP2	−αP2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	309	11	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	309	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	309	13	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	309	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	309	15	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	309	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	309	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	310	1	23This	23this	CD
work_3ehybzpqvbdsjlegtnkdycupja	310	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	310	3	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	310	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	310	5	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	310	6	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	310	7	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	310	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	310	9	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	310	10	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	310	11	a1v	a1v	NNS
work_3ehybzpqvbdsjlegtnkdycupja	310	12	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	310	13	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	310	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	310	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	310	16	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	310	17	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	310	18	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	310	19	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	310	20	provides	provide	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	310	21	stronger	strong	JJR
work_3ehybzpqvbdsjlegtnkdycupja	310	22	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	310	23	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	310	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	310	25	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	310	26	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	310	27	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	310	28	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	310	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	311	1	19	19	CD
work_3ehybzpqvbdsjlegtnkdycupja	311	2	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	311	3	summary	summary	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	311	5	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	311	6	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	7	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	8	displays	display	NNS
work_3ehybzpqvbdsjlegtnkdycupja	311	9	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	311	11	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	311	12	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	13	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	311	14	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	311	15	retrospectively	retrospectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	311	16	reassess	reassess	VB
work_3ehybzpqvbdsjlegtnkdycupja	311	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	311	18	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	311	19	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	20	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	21	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	311	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	311	23	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	311	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	311	25	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	311	26	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	311	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	311	28	new	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	311	29	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	30	gathered	gather	VBD
work_3ehybzpqvbdsjlegtnkdycupja	311	31	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	311	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	311	33	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	311	34	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	311	36	affecting	affect	VBG
work_3ehybzpqvbdsjlegtnkdycupja	311	37	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	311	38	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	39	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	40	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	311	41	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	311	42	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	43	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	44	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	45	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	311	46	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	311	47	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	311	48	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	311	49	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	311	50	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	312	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	312	2	thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	312	3	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	312	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	312	5	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	312	6	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	312	7	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	312	8	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	312	9	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	312	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	313	1	24	24	CD
work_3ehybzpqvbdsjlegtnkdycupja	313	2	C	c	NN
work_3ehybzpqvbdsjlegtnkdycupja	313	3	Equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	313	4	characterization	characterization	NN
work_3ehybzpqvbdsjlegtnkdycupja	313	5	Short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	313	6	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	313	7	create	create	VBP
work_3ehybzpqvbdsjlegtnkdycupja	313	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	313	9	dependence	dependence	NN
work_3ehybzpqvbdsjlegtnkdycupja	313	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	313	11	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	313	12	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	313	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	313	14	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	313	15	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	313	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	313	17	p2	p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	313	18	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	313	19	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	313	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	313	21	generating	generate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	313	22	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	313	23	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	313	24	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	313	25	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	313	26	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	313	27	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	313	28	increases	increase	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	313	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	314	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	314	2	reason	reason	NN
work_3ehybzpqvbdsjlegtnkdycupja	314	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	314	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	314	5	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	314	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	314	7	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	314	8	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	314	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	314	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	314	11	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	314	12	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	314	13	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	314	14	according	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	314	15	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	314	16	X1(si	X1(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	314	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	314	18	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	314	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	314	20	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	314	21	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	314	22	Ei1[p2	Ei1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	314	23	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	314	24	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	314	25	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	314	26	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	314	27	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	314	28	⇒	⇒	CD
work_3ehybzpqvbdsjlegtnkdycupja	314	29	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	314	30	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	314	31	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	314	32	Weight	Weight	NNP
work_3ehybzpqvbdsjlegtnkdycupja	314	33	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	314	34	si	si	VB
work_3ehybzpqvbdsjlegtnkdycupja	314	35	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	314	36	Ei1[p2	Ei1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	314	37	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	314	38	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	314	39	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	314	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	315	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	315	2	19	19	CD
work_3ehybzpqvbdsjlegtnkdycupja	315	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	315	4	By	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	315	5	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	315	6	implication	implication	NN
work_3ehybzpqvbdsjlegtnkdycupja	315	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	315	8	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	315	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	315	10	directly	directly	RB
work_3ehybzpqvbdsjlegtnkdycupja	315	11	related	relate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	315	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	315	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	315	14	relevance	relevance	NN
work_3ehybzpqvbdsjlegtnkdycupja	315	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	315	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	315	17	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	315	18	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	315	19	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	315	20	forecast	forecast	VB
work_3ehybzpqvbdsjlegtnkdycupja	315	21	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	315	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	315	23	inversely	inversely	RB
work_3ehybzpqvbdsjlegtnkdycupja	315	24	related	related	JJ
work_3ehybzpqvbdsjlegtnkdycupja	315	25	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	315	26	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	315	27	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	315	28	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	315	29	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	315	30	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	315	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	316	1	Two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	316	2	effects	effect	NNS
work_3ehybzpqvbdsjlegtnkdycupja	316	3	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	316	4	present	present	JJ
work_3ehybzpqvbdsjlegtnkdycupja	316	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	316	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	316	7	contrary	contrary	RB
work_3ehybzpqvbdsjlegtnkdycupja	316	8	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	316	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	316	10	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	316	11	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	316	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	316	13	do	do	VBP
work_3ehybzpqvbdsjlegtnkdycupja	316	14	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	316	15	cancel	cancel	VB
work_3ehybzpqvbdsjlegtnkdycupja	316	16	each	each	DT
work_3ehybzpqvbdsjlegtnkdycupja	316	17	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	316	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	317	1	On	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	317	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	317	3	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	317	4	hand	hand	NN
work_3ehybzpqvbdsjlegtnkdycupja	317	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	317	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	317	7	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	317	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	317	9	usual	usual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	317	10	substitution	substitution	NN
work_3ehybzpqvbdsjlegtnkdycupja	317	11	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	317	12	whereby	whereby	WRB
work_3ehybzpqvbdsjlegtnkdycupja	317	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	317	14	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	317	15	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	317	16	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	317	17	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	317	18	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	317	19	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	317	20	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	317	21	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	317	22	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	317	23	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	317	24	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	317	25	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	317	26	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	317	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	317	28	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	317	29	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	317	30	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	317	31	τi1	τi1	NN
work_3ehybzpqvbdsjlegtnkdycupja	317	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	317	33	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	317	34	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	317	35	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	317	36	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	317	37	lower	low	JJR
work_3ehybzpqvbdsjlegtnkdycupja	317	38	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	317	39	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	317	40	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	317	41	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	317	42	τ	τ	CD
work_3ehybzpqvbdsjlegtnkdycupja	317	43	�	�	NNP
work_3ehybzpqvbdsjlegtnkdycupja	317	44	/τi1	/τi1	,
work_3ehybzpqvbdsjlegtnkdycupja	317	45	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	317	46	Ei1[p2	Ei1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	317	47	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	317	48	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	317	49	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	317	50	tends	tend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	317	51	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	317	52	depress	depress	VB
work_3ehybzpqvbdsjlegtnkdycupja	317	53	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	317	54	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	318	1	On	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	318	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	318	3	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	318	4	hand	hand	NN
work_3ehybzpqvbdsjlegtnkdycupja	318	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	318	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	318	7	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	318	8	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	318	9	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	318	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	318	11	larger	large	JJR
work_3ehybzpqvbdsjlegtnkdycupja	318	12	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	318	13	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	318	14	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	318	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	318	16	lower	low	JJR
work_3ehybzpqvbdsjlegtnkdycupja	318	17	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	318	18	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	318	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	318	20	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	318	21	tends	tend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	318	22	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	318	23	raise	raise	VB
work_3ehybzpqvbdsjlegtnkdycupja	318	24	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	318	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	319	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	319	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	319	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	319	4	source	source	NN
work_3ehybzpqvbdsjlegtnkdycupja	319	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	319	6	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	319	7	complementary	complementary	NN
work_3ehybzpqvbdsjlegtnkdycupja	319	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	319	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	319	10	responses	response	NNS
work_3ehybzpqvbdsjlegtnkdycupja	319	11	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	319	12	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	319	13	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	319	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	320	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	320	2	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	320	3	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	320	4	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	320	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	320	6	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	320	7	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	320	8	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	320	9	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	320	10	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	320	11	works	work	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	320	12	through	through	IN
work_3ehybzpqvbdsjlegtnkdycupja	320	13	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	320	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	321	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	321	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	321	3	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	321	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	321	5	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	321	6	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	321	7	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	321	8	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	321	9	interested	interested	JJ
work_3ehybzpqvbdsjlegtnkdycupja	321	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	321	11	forecasting	forecast	VBG
work_3ehybzpqvbdsjlegtnkdycupja	321	12	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	321	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	321	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	321	15	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	321	16	any	any	DT
work_3ehybzpqvbdsjlegtnkdycupja	321	17	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	321	18	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	321	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	321	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	321	21	extent	extent	NN
work_3ehybzpqvbdsjlegtnkdycupja	321	22	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	321	23	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	321	24	p2	p2	VB
work_3ehybzpqvbdsjlegtnkdycupja	321	25	differs	differ	NNS
work_3ehybzpqvbdsjlegtnkdycupja	321	26	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	321	27	p1	p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	321	28	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	321	29	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	321	30	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	321	31	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	321	32	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	321	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	321	34	16b	16b	NNS
work_3ehybzpqvbdsjlegtnkdycupja	321	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	321	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	321	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	322	1	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	322	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	322	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	322	4	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	322	5	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	322	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	322	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	322	8	absolute	absolute	JJ
work_3ehybzpqvbdsjlegtnkdycupja	322	9	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	322	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	322	11	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	322	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	322	13	ceteris	ceteris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	322	14	paribus	paribus	NNP
work_3ehybzpqvbdsjlegtnkdycupja	322	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	322	16	increase	increase	VBP
work_3ehybzpqvbdsjlegtnkdycupja	322	17	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	322	18	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	322	19	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	322	20	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	322	21	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	322	22	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	322	23	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	322	24	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	322	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	322	26	depress	depress	NNP
work_3ehybzpqvbdsjlegtnkdycupja	322	27	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	322	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	323	1	Recall	recall	VB
work_3ehybzpqvbdsjlegtnkdycupja	323	2	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	323	3	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	323	4	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	323	5	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	323	6	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	323	7	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	323	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	323	9	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	323	10	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	323	11	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	323	12	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	323	13	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	323	14	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	323	15	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	323	16	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	323	17	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	323	18	enough	enough	RB
work_3ehybzpqvbdsjlegtnkdycupja	323	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	323	20	implying	imply	VBG
work_3ehybzpqvbdsjlegtnkdycupja	323	21	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	323	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	323	23	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	323	24	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	323	25	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	323	26	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	323	27	offsets	offset	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	323	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	323	29	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	323	30	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	323	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	324	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	324	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	324	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	324	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	324	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	324	6	second-	second-	NN
work_3ehybzpqvbdsjlegtnkdycupja	324	7	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	324	8	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	324	9	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	324	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	324	11	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	324	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	324	13	small	small	JJ
work_3ehybzpqvbdsjlegtnkdycupja	324	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	324	15	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	324	16	diminishes	diminish	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	324	17	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	324	18	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	324	19	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	324	20	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	324	21	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	324	22	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	324	23	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	324	24	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	324	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	324	26	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	324	27	boosts	boost	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	324	28	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	324	29	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	324	30	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	324	31	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	324	32	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	324	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	325	1	Hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	325	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	325	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	325	4	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	325	5	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	325	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	325	7	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	325	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	325	9	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	325	10	dominates	dominate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	325	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	325	12	substitution	substitution	NN
work_3ehybzpqvbdsjlegtnkdycupja	325	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	325	14	first	first	RB
work_3ehybzpqvbdsjlegtnkdycupja	325	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	325	16	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	325	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	325	18	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	325	19	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	325	20	level	level	NN
work_3ehybzpqvbdsjlegtnkdycupja	325	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	325	22	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	325	23	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	325	24	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	325	25	sustained	sustain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	325	26	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	325	27	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	325	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	326	1	At	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	326	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	326	3	same	same	JJ
work_3ehybzpqvbdsjlegtnkdycupja	326	4	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	326	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	326	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	326	7	lower	low	JJR
work_3ehybzpqvbdsjlegtnkdycupja	326	8	level	level	NN
work_3ehybzpqvbdsjlegtnkdycupja	326	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	326	10	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	326	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	326	12	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	326	13	self	self	NN
work_3ehybzpqvbdsjlegtnkdycupja	326	14	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	326	15	fulfilling	fulfil	VBG
work_3ehybzpqvbdsjlegtnkdycupja	326	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	327	1	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	327	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	327	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	327	4	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	327	5	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	327	6	generates	generate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	327	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	327	8	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	327	9	τ1	τ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	327	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	327	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	327	12	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	327	13	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	327	14	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	327	15	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	327	16	p2	p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	327	17	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	327	18	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	327	19	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	327	20	makes	make	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	327	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	327	22	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	327	23	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	327	24	self	self	NN
work_3ehybzpqvbdsjlegtnkdycupja	327	25	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	327	26	fulfilling	fulfil	VBG
work_3ehybzpqvbdsjlegtnkdycupja	327	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	328	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	328	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	328	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	328	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	328	5	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	328	6	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	328	7	>	>	FW
work_3ehybzpqvbdsjlegtnkdycupja	328	8	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	328	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	328	10	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	328	11	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	328	12	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	328	13	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	328	14	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	328	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	328	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	328	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	328	18	24Retrospective	24retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	328	19	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	328	20	plays	play	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	328	21	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	328	22	anlaogous	anlaogous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	328	23	role	role	NN
work_3ehybzpqvbdsjlegtnkdycupja	328	24	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	328	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	328	26	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	328	27	adverse	adverse	NNP
work_3ehybzpqvbdsjlegtnkdycupja	328	28	fundamental	fundamental	JJ
work_3ehybzpqvbdsjlegtnkdycupja	328	29	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	328	30	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	328	31	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	328	32	Goldstein	Goldstein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	328	33	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	328	34	Yang	Yang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	328	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	328	36	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	328	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	328	38	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	329	1	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	329	2	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	329	3	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	329	4	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	329	5	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	329	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	329	7	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	329	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	329	9	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	329	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	329	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	329	12	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	329	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	329	14	augmenting	augment	VBG
work_3ehybzpqvbdsjlegtnkdycupja	329	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	329	16	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	329	17	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	329	18	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	329	19	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	329	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	330	1	Summarizing	summarizing	NN
work_3ehybzpqvbdsjlegtnkdycupja	330	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	330	3	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	330	4	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	330	5	willingness	willingness	NN
work_3ehybzpqvbdsjlegtnkdycupja	330	6	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	330	7	speculate	speculate	VB
work_3ehybzpqvbdsjlegtnkdycupja	330	8	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	330	9	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	330	10	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	330	11	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	330	12	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	330	13	de-	de-	RB
work_3ehybzpqvbdsjlegtnkdycupja	330	14	pends	pend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	330	15	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	330	16	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	330	17	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	330	18	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	330	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	330	20	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	330	21	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	330	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	330	23	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	330	24	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	330	25	affects	affect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	330	26	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	330	27	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	330	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	331	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	331	2	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	331	3	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	331	4	sided	sided	JJ
work_3ehybzpqvbdsjlegtnkdycupja	331	5	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	331	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	331	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	331	8	determination	determination	NN
work_3ehybzpqvbdsjlegtnkdycupja	331	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	331	10	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	331	11	gives	give	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	331	12	rise	rise	NN
work_3ehybzpqvbdsjlegtnkdycupja	331	13	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	331	14	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	331	15	complementarities	complementarity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	331	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	331	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	331	18	use	use	NN
work_3ehybzpqvbdsjlegtnkdycupja	331	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	331	20	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	331	21	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	331	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	331	23	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	331	24	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	331	25	yield	yield	VB
work_3ehybzpqvbdsjlegtnkdycupja	331	26	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	331	27	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	331	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	332	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	332	2	following	following	JJ
work_3ehybzpqvbdsjlegtnkdycupja	332	3	proposition	proposition	NN
work_3ehybzpqvbdsjlegtnkdycupja	332	4	characterizes	characterize	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	332	5	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	332	6	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	332	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	332	8	provides	provide	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	332	9	suffcient	suffcient	NN
work_3ehybzpqvbdsjlegtnkdycupja	332	10	conditions	condition	NNS
work_3ehybzpqvbdsjlegtnkdycupja	332	11	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	332	12	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	332	13	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	332	14	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	332	15	exist	exist	VB
work_3ehybzpqvbdsjlegtnkdycupja	332	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	333	1	Those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	333	2	conditions	condition	NNS
work_3ehybzpqvbdsjlegtnkdycupja	333	3	imply	imply	VBP
work_3ehybzpqvbdsjlegtnkdycupja	333	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	333	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	333	6	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	333	7	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	333	8	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	333	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	333	10	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	333	11	enough	enough	RB
work_3ehybzpqvbdsjlegtnkdycupja	333	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	334	1	Proposition	proposition	NN
work_3ehybzpqvbdsjlegtnkdycupja	334	2	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	334	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	335	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	335	2	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	335	3	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	335	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	335	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	336	1	•	•	VB
work_3ehybzpqvbdsjlegtnkdycupja	336	2	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	336	3	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	336	4	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	336	5	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	336	7	γ2τετu	γ2τετu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	8	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	336	9	2(2β	2(2β	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	10	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	11	1)/(3	1)/(3	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	12	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	13	2β	2β	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	336	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	336	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	336	17	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	336	18	≤	≤	JJ
work_3ehybzpqvbdsjlegtnkdycupja	336	19	τ̂η	τ̂η	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	336	21	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	336	22	some	some	DT
work_3ehybzpqvbdsjlegtnkdycupja	336	23	τ̂η	τ̂η	NN
work_3ehybzpqvbdsjlegtnkdycupja	336	24	>	>	NFP
work_3ehybzpqvbdsjlegtnkdycupja	336	25	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	26	defined	define	VBN
work_3ehybzpqvbdsjlegtnkdycupja	336	27	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	336	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	336	29	appendix	appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	336	31	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	336	32	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	336	33	A.13c	a.13c	ADD
work_3ehybzpqvbdsjlegtnkdycupja	336	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	336	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	336	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	336	37	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	336	38	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	336	39	exist	exist	VBP
work_3ehybzpqvbdsjlegtnkdycupja	336	40	at	at	RB
work_3ehybzpqvbdsjlegtnkdycupja	336	41	least	least	RBS
work_3ehybzpqvbdsjlegtnkdycupja	336	42	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	43	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	336	44	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	336	45	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	336	46	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	47	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	336	48	γτε	γτε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	49	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	336	50	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	51	∈{a∗1,a∗∗1	∈{a∗1,a∗∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	52	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	336	53	a∗∗∗1	a∗∗∗1	UH
work_3ehybzpqvbdsjlegtnkdycupja	336	54	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	336	55	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	336	56	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	336	57	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	58	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	59	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	336	60	0,a2	0,a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	61	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	336	62	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	336	63	a∗∗1	a∗∗1	CC
work_3ehybzpqvbdsjlegtnkdycupja	336	64	∈	∈	JJ
work_3ehybzpqvbdsjlegtnkdycupja	336	65	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	336	66	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	67	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	336	68	γτua2	γτua2	NN
work_3ehybzpqvbdsjlegtnkdycupja	336	69	γβτu	γβτu	NN
work_3ehybzpqvbdsjlegtnkdycupja	336	70	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	336	71	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	72	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	336	73	3γτua2	3γτua2	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	74	2γβτu	2γβτu	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	75	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	336	76	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	336	77	a∗∗∗1	a∗∗∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	336	78	>	>	NN
work_3ehybzpqvbdsjlegtnkdycupja	336	79	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	80	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	336	81	3γτua2	3γτua2	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	82	2γβτu	2γβτu	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	83	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	336	84	implying	imply	VBG
work_3ehybzpqvbdsjlegtnkdycupja	336	85	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	86	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	336	87	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	336	88	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	336	89	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	336	90	∗∗	∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	336	91	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	92	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	336	93	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	336	94	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	336	95	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	336	96	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	337	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	337	2	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	337	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	337	4			NN
work_3ehybzpqvbdsjlegtnkdycupja	337	5			VBP
work_3ehybzpqvbdsjlegtnkdycupja	337	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	337	7	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	337	8	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	337	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	337	10	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	337	11	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	337	12	−βa∗1	−βa∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	337	13	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	337	14	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	337	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	337	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	337	17	λ	λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	337	18	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	337	19	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	337	20	>	>	NN
work_3ehybzpqvbdsjlegtnkdycupja	337	21	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	337	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	337	23	a∗∗1	a∗∗1	CD
work_3ehybzpqvbdsjlegtnkdycupja	337	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	337	25	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	337	26	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	337	27	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	337	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	337	29	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	337	30	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	337	31	−βa∗∗1	−βa∗∗1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	337	32	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	337	33	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	337	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	337	35	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	337	36	λ	λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	337	37	∗∗	∗∗	SYM
work_3ehybzpqvbdsjlegtnkdycupja	337	38	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	337	39	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	337	40	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	337	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	338	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	338	2	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	338	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	338	4	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	338	5	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	338	6	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	338	7	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	338	8	τ∗n	τ∗n	NNP
work_3ehybzpqvbdsjlegtnkdycupja	338	9	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	338	10	τ	τ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	338	11	∗∗	∗∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	338	12	n	n	NN
work_3ehybzpqvbdsjlegtnkdycupja	338	13	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	338	14	τ	τ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	338	15	∗∗∗	∗∗∗	XX
work_3ehybzpqvbdsjlegtnkdycupja	338	16	n	n	NN
work_3ehybzpqvbdsjlegtnkdycupja	338	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	338	18	n	n	CC
work_3ehybzpqvbdsjlegtnkdycupja	338	19	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	338	20	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	338	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	338	22	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	338	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	339	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	339	2	21	21	LS
work_3ehybzpqvbdsjlegtnkdycupja	339	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	339	4	•	•	NN
work_3ehybzpqvbdsjlegtnkdycupja	339	5	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	339	6	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	339	7	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	339	8	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	339	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	339	10	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	339	11	exists	exist	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	339	12	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	339	13	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	339	14	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	339	15	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	339	16	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	339	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	339	18	γτε	γτε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	339	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	339	20	γ2a2τu(a	γ2a2τu(a	NNP
work_3ehybzpqvbdsjlegtnkdycupja	339	21	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	339	22	2τu	2τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	339	23	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	339	24	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	339	25	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	339	26	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	339	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	339	28	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	339	29	+	+	CD
work_3ehybzpqvbdsjlegtnkdycupja	339	30	γ2τu(a	γ2τu(a	NN
work_3ehybzpqvbdsjlegtnkdycupja	339	31	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	339	32	2τu	2τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	339	33	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	339	34	2τε	2τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	339	35	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	339	36	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	339	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	339	38	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	339	39	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	339	40	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	339	41	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	339	42	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	339	43	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	339	44	λ∗2	λ∗2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	339	45	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	339	46	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	339	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	340	1	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	340	2	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	340	3	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	340	4	proposition	proposition	NN
work_3ehybzpqvbdsjlegtnkdycupja	340	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	340	6	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	340	7	requires	require	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	340	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	340	9	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	340	10	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	340	11	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	340	12	strongly	strongly	RB
work_3ehybzpqvbdsjlegtnkdycupja	340	13	reflected	reflect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	340	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	340	15	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	340	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	340	17	γ2τετu	γ2τετu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	340	18	>	>	NN
work_3ehybzpqvbdsjlegtnkdycupja	340	19	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	340	20	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	340	21	sufficient	sufficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	340	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	340	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	340	24	persistence	persistence	NNP
work_3ehybzpqvbdsjlegtnkdycupja	340	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	340	26	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	340	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	340	28	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	340	29	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	340	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	340	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	340	32	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	340	33	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	340	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	340	35	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	340	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	340	37	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	340	38	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	340	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	341	1	All	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	341	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	341	3	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	341	4	conditions	condition	NNS
work_3ehybzpqvbdsjlegtnkdycupja	341	5	strengthen	strengthen	VBP
work_3ehybzpqvbdsjlegtnkdycupja	341	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	341	7	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	341	8	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	341	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	341	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	341	11	de-	de-	RB
work_3ehybzpqvbdsjlegtnkdycupja	341	12	scribed	scribed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	341	13	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	341	14	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	341	15	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	341	16	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	341	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	342	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	342	2	contrario	contrario	NN
work_3ehybzpqvbdsjlegtnkdycupja	342	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	342	4	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	342	5	example	example	NN
work_3ehybzpqvbdsjlegtnkdycupja	342	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	342	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	342	8	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	342	9	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	342	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	342	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	342	12	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	342	13	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	342	14	makes	make	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	342	15	p2	p2	VBP
work_3ehybzpqvbdsjlegtnkdycupja	342	16	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	342	17	dependent	dependent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	342	18	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	342	19	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	342	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	342	21	less	less	JJR
work_3ehybzpqvbdsjlegtnkdycupja	342	22	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	342	23	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	342	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	342	25	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	342	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	342	27	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	342	28	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	342	29	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	342	30	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	342	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	342	32	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	342	33	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	342	34	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	342	35	p2	p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	342	36	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	342	37	lessened	lessen	VBN
work_3ehybzpqvbdsjlegtnkdycupja	342	38	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	343	1	21	21	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	2	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	3	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	4	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	5	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	6	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	7	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	8	a1	a1	NN
work_3ehybzpqvbdsjlegtnkdycupja	343	9	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	10	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	11	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	12	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	13	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	14	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	15	Ψ	Ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	16	�	�	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	17	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	18	�	�	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	19	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	20	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	21	IIE	IIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	22	Figure	Figure	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	23	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	24	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	343	25	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	343	26	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	343	27	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	343	28	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	343	29	mapping	mapping	NN
work_3ehybzpqvbdsjlegtnkdycupja	343	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	343	31	22	22	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	343	33	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	343	34	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	35	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	343	36	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	343	38	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	39	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	343	40	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	41	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	343	42	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	43	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	343	44	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	45	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	343	46	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	47	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	343	48	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	343	49	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	343	50	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	51	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	343	52	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	343	53	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	343	54	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	343	55	7.5	7.5	CD
work_3ehybzpqvbdsjlegtnkdycupja	343	56	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	344	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	344	2	view	view	NN
work_3ehybzpqvbdsjlegtnkdycupja	344	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	344	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	344	5	21	21	CD
work_3ehybzpqvbdsjlegtnkdycupja	344	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	344	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	344	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	344	9	refer	refer	VBP
work_3ehybzpqvbdsjlegtnkdycupja	344	10	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	344	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	344	12	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	344	13	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	344	14	described	describe	VBN
work_3ehybzpqvbdsjlegtnkdycupja	344	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	344	16	Proposition	Proposition	NNP
work_3ehybzpqvbdsjlegtnkdycupja	344	17	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	344	18	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	344	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	344	20	respec-	respec-	NN
work_3ehybzpqvbdsjlegtnkdycupja	344	21	tively	tively	RB
work_3ehybzpqvbdsjlegtnkdycupja	344	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	344	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	344	24	low-	low-	NN
work_3ehybzpqvbdsjlegtnkdycupja	344	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	344	26	intermediate-	intermediate-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	344	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	344	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	344	29	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	344	30	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	344	31	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	344	32	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	344	33	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	344	34	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	344	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	344	36	IIE	IIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	344	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	344	38	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	344	39	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	344	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	345	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	345	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	345	3	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	345	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	345	5	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	345	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	345	7	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	345	8	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	345	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	345	10	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	345	11	responsiveness	responsiveness	NN
work_3ehybzpqvbdsjlegtnkdycupja	345	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	345	13	obtained	obtain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	345	14	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	345	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	345	16	fixed	fix	VBN
work_3ehybzpqvbdsjlegtnkdycupja	345	17	point	point	NN
work_3ehybzpqvbdsjlegtnkdycupja	345	18	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	345	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	345	20	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	345	21	function	function	NN
work_3ehybzpqvbdsjlegtnkdycupja	345	22	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	345	23	ψ(a1	ψ(a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	345	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	345	25	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	345	26	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	345	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	345	28	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	345	29	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	345	30	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	345	31	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	345	32	τi2)αE1	τi2)αE1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	345	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	345	34	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	345	35	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	345	36	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	345	37	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	345	38	τi2)2	τi2)2	JJ
work_3ehybzpqvbdsjlegtnkdycupja	345	39	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	345	40	τi1	τi1	NN
work_3ehybzpqvbdsjlegtnkdycupja	345	41	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	345	42	λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	345	43	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	345	44	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	345	45	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	345	46	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	345	47	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	345	48	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	345	49	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	345	50	τ	τ	NN
work_3ehybzpqvbdsjlegtnkdycupja	345	51	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	345	52	i2	i2	NN
work_3ehybzpqvbdsjlegtnkdycupja	345	53	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	346	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	346	2	22	22	CD
work_3ehybzpqvbdsjlegtnkdycupja	346	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	346	4	Numerical	numerical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	346	5	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	346	6	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	346	7	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	346	8	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	346	9	function	function	NN
work_3ehybzpqvbdsjlegtnkdycupja	346	10	crosses	cross	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	346	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	346	12	45-degree	45-degree	CD
work_3ehybzpqvbdsjlegtnkdycupja	346	13	line	line	NN
work_3ehybzpqvbdsjlegtnkdycupja	346	14	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	346	15	most	most	RBS
work_3ehybzpqvbdsjlegtnkdycupja	346	16	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	346	17	times	time	NNS
work_3ehybzpqvbdsjlegtnkdycupja	346	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	346	19	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	346	20	suggests	suggest	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	346	21	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	346	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	346	23	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	346	24	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	346	25	described	describe	VBN
work_3ehybzpqvbdsjlegtnkdycupja	346	26	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	346	27	Proposition	Proposition	NNP
work_3ehybzpqvbdsjlegtnkdycupja	346	28	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	346	29	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	346	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	346	31	only	only	JJ
work_3ehybzpqvbdsjlegtnkdycupja	346	32	ones	one	NNS
work_3ehybzpqvbdsjlegtnkdycupja	346	33	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	346	34	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	346	35	arise	arise	VB
work_3ehybzpqvbdsjlegtnkdycupja	346	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	346	37	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	346	38	Figure	Figure	NNP
work_3ehybzpqvbdsjlegtnkdycupja	346	39	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	346	40	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	346	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	347	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	347	2	numerical	numerical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	347	3	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	347	4	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	347	5	further	far	RBR
work_3ehybzpqvbdsjlegtnkdycupja	347	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	347	7	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	347	8	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	347	9	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	347	10	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	347	11	ranked	rank	VBN
work_3ehybzpqvbdsjlegtnkdycupja	347	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	347	13	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	347	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	347	15	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	347	16	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	347	17	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	347	18	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	347	19	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	347	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	347	21	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	347	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	347	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	347	24	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	347	25	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	347	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	347	27	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	347	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	347	29	Λn	λn	UH
work_3ehybzpqvbdsjlegtnkdycupja	347	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	347	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	347	32	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	347	33	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	347	34	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	347	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	347	36	Var1[p2	Var1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	347	37	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	347	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	347	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	348	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	348	2	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	348	3	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	348	4	gives	give	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	348	5	more	more	JJR
work_3ehybzpqvbdsjlegtnkdycupja	348	6	details	detail	NNS
work_3ehybzpqvbdsjlegtnkdycupja	348	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	349	1	Numerical	Numerical	NNP
work_3ehybzpqvbdsjlegtnkdycupja	349	2	Result	Result	NNP
work_3ehybzpqvbdsjlegtnkdycupja	349	3	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	349	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	350	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	350	2	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	350	3	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	350	4	arise	arise	VBP
work_3ehybzpqvbdsjlegtnkdycupja	350	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	350	6	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	350	7	inequalities	inequality	NNS
work_3ehybzpqvbdsjlegtnkdycupja	350	8	hold	hold	VBP
work_3ehybzpqvbdsjlegtnkdycupja	350	9	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	350	10	λ∗2	λ∗2	JJ
work_3ehybzpqvbdsjlegtnkdycupja	350	11	>	>	NFP
work_3ehybzpqvbdsjlegtnkdycupja	350	12	|λ	|λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	350	13	∗∗	∗∗	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	350	14	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	350	15	|	|	CD
work_3ehybzpqvbdsjlegtnkdycupja	350	16	>	>	NN
work_3ehybzpqvbdsjlegtnkdycupja	350	17	|λ	|λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	350	18	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	350	19	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	350	20	|	|	CD
work_3ehybzpqvbdsjlegtnkdycupja	350	21	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	350	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	350	23	23a	23a	NNS
work_3ehybzpqvbdsjlegtnkdycupja	350	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	350	25	Λ∗n	Λ∗n	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	350	26	>	>	NFP
work_3ehybzpqvbdsjlegtnkdycupja	350	27	Λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	350	28	∗∗	∗∗	NNS
work_3ehybzpqvbdsjlegtnkdycupja	350	29	n	n	NN
work_3ehybzpqvbdsjlegtnkdycupja	350	30	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	350	31	Λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	350	32	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	350	33	n	n	XX
work_3ehybzpqvbdsjlegtnkdycupja	350	34	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	350	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	350	36	23b	23b	LS
work_3ehybzpqvbdsjlegtnkdycupja	350	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	350	38	Var1[p2	Var1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	350	39	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	350	40	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	350	41	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	350	42	Var1[p2	Var1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	350	43	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	350	44	∗∗	∗∗	ADD
work_3ehybzpqvbdsjlegtnkdycupja	350	45	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	350	46	Var1[p2	Var1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	350	47	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	350	48	∗∗∗.	∗∗∗.	.
work_3ehybzpqvbdsjlegtnkdycupja	351	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	351	2	23c	23c	NNS
work_3ehybzpqvbdsjlegtnkdycupja	351	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	351	4	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	351	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	351	6	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	351	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	351	8	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	351	9	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	351	10	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	351	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	351	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	351	13	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	351	14	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	351	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	351	16	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	351	17	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	351	18	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	351	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	352	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	352	2	22	22	CD
work_3ehybzpqvbdsjlegtnkdycupja	352	3	finding	finding	NN
work_3ehybzpqvbdsjlegtnkdycupja	352	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	352	5	consistent	consistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	352	6	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	352	7	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	352	8	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	352	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	352	10	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	352	11	revising	revise	VBG
work_3ehybzpqvbdsjlegtnkdycupja	352	12	downward	downward	RB
work_3ehybzpqvbdsjlegtnkdycupja	352	13	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	352	14	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	352	15	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	352	16	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	352	17	as-	as-	NN
work_3ehybzpqvbdsjlegtnkdycupja	352	18	sessment	sessment	NN
work_3ehybzpqvbdsjlegtnkdycupja	352	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	352	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	352	21	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	352	22	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	352	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	352	24	presence	presence	NN
work_3ehybzpqvbdsjlegtnkdycupja	352	25	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	352	26	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	352	27	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	352	28	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	352	29	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	352	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	352	31	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	352	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	352	33	engaging	engage	VBG
work_3ehybzpqvbdsjlegtnkdycupja	352	34	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	352	35	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	352	36	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	352	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	352	38	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	353	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	353	2	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	353	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	353	4	consistent	consistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	353	5	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	353	6	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	353	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	353	8	findings	finding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	353	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	353	10	some	some	DT
work_3ehybzpqvbdsjlegtnkdycupja	353	11	spread	spread	VBN
work_3ehybzpqvbdsjlegtnkdycupja	353	12	decomposition	decomposition	NN
work_3ehybzpqvbdsjlegtnkdycupja	353	13	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	353	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	353	15	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	353	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	353	17	Huang	Huang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	353	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	353	19	Stoll	Stoll	NNP
work_3ehybzpqvbdsjlegtnkdycupja	353	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	353	21	1997	1997	CD
work_3ehybzpqvbdsjlegtnkdycupja	353	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	353	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	353	24	Van	Van	NNP
work_3ehybzpqvbdsjlegtnkdycupja	353	25	Ness	Ness	NNP
work_3ehybzpqvbdsjlegtnkdycupja	353	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	353	27	Van	Van	NNP
work_3ehybzpqvbdsjlegtnkdycupja	353	28	Ness	Ness	NNP
work_3ehybzpqvbdsjlegtnkdycupja	353	29	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	353	30	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	353	31	Warr	Warr	NNP
work_3ehybzpqvbdsjlegtnkdycupja	353	32	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	353	33	2001	2001	CD
work_3ehybzpqvbdsjlegtnkdycupja	353	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	353	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	353	36	Henker	Henker	NNP
work_3ehybzpqvbdsjlegtnkdycupja	353	37	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	353	38	Wang	Wang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	353	39	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	353	40	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	353	41	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	353	42	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	353	43	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	353	44	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	353	45	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	353	46	adverse	adverse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	353	47	selection	selection	NN
work_3ehybzpqvbdsjlegtnkdycupja	353	48	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	353	49	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	353	50	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	353	51	spread	spread	NN
work_3ehybzpqvbdsjlegtnkdycupja	353	52	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	353	53	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	353	54	negative.25	negative.25	NNP
work_3ehybzpqvbdsjlegtnkdycupja	353	55	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	353	56	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	353	57	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	353	58	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	353	59	provides	provide	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	353	60	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	353	61	theoretical	theoretical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	353	62	justification	justification	NN
work_3ehybzpqvbdsjlegtnkdycupja	353	63	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	353	64	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	353	65	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	353	66	finding	finding	NN
work_3ehybzpqvbdsjlegtnkdycupja	353	67	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	354	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	354	2	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	3	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	354	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	354	5	display	display	VBP
work_3ehybzpqvbdsjlegtnkdycupja	354	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	354	7	effects	effect	NNS
work_3ehybzpqvbdsjlegtnkdycupja	354	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	354	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	354	10	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	354	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	354	13	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	354	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	354	15	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	354	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	354	17	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	354	18	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	19	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	354	21	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	354	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	354	24	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	25	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	354	26	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	354	27	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	28	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	29	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	354	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	354	31	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	354	32	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	354	34	22).26	22).26	CD
work_3ehybzpqvbdsjlegtnkdycupja	354	35	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	354	36	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	354	37	graphs	graphs	JJ
work_3ehybzpqvbdsjlegtnkdycupja	354	38	show	show	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	354	40	uniqueness	uniqueness	JJ
work_3ehybzpqvbdsjlegtnkdycupja	354	41	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	354	42	occurs	occur	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	354	43	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	354	44	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	354	45	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	354	46	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	354	47	requires	require	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	354	48	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	354	49	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	354	50	pre-	pre-	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	51	cision	cision	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	52	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	354	53	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	354	54	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	354	55	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	56	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	354	57	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	58	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	354	59	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	354	60	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	61	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	354	62	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	354	63	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	354	64	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	355	1	Intuitively	intuitively	RB
work_3ehybzpqvbdsjlegtnkdycupja	355	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	355	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	355	4	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	355	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	355	6	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	355	7	cases	case	NNS
work_3ehybzpqvbdsjlegtnkdycupja	355	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	355	9	endogenous	endogenous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	355	10	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	355	11	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	355	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	355	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	355	14	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	355	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	355	16	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	355	17	relatively	relatively	RB
work_3ehybzpqvbdsjlegtnkdycupja	355	18	less	less	RBR
work_3ehybzpqvbdsjlegtnkdycupja	355	19	in-	in-	RB
work_3ehybzpqvbdsjlegtnkdycupja	355	20	formative	formative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	355	21	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	355	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	355	23	exogenous	exogenous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	355	24	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	355	25	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	355	26	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	355	27	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	355	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	355	29	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	355	30	leading	lead	VBG
work_3ehybzpqvbdsjlegtnkdycupja	355	31	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	355	32	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	355	33	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	355	34	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	355	35	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	355	36	rely	rely	VB
work_3ehybzpqvbdsjlegtnkdycupja	355	37	less	less	RBR
work_3ehybzpqvbdsjlegtnkdycupja	355	38	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	355	39	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	355	40	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	355	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	356	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	356	2	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	356	3	weakens	weaken	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	356	4	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	356	5	complementarity	complementarity	NN
work_3ehybzpqvbdsjlegtnkdycupja	356	6	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	356	7	softening	soften	VBG
work_3ehybzpqvbdsjlegtnkdycupja	356	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	356	9	self	self	NN
work_3ehybzpqvbdsjlegtnkdycupja	356	10	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	356	11	reinforcing	reinforce	VBG
work_3ehybzpqvbdsjlegtnkdycupja	356	12	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	356	13	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	356	14	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	356	15	resulting	result	VBG
work_3ehybzpqvbdsjlegtnkdycupja	356	16	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	356	17	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	356	18	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	356	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	356	20	thereby	thereby	RB
work_3ehybzpqvbdsjlegtnkdycupja	356	21	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	356	22	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	356	23	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	356	24	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	356	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	357	1	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	357	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	357	3	worth	worth	JJ
work_3ehybzpqvbdsjlegtnkdycupja	357	4	noting	note	VBG
work_3ehybzpqvbdsjlegtnkdycupja	357	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	357	6	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	357	7	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	357	8	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	357	9	checked	check	VBN
work_3ehybzpqvbdsjlegtnkdycupja	357	10	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	357	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	357	12	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	357	13	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	357	14	ψ	ψ	NN
work_3ehybzpqvbdsjlegtnkdycupja	357	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	357	16	·	·	NFP
work_3ehybzpqvbdsjlegtnkdycupja	357	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	357	18	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	357	19	downward	downward	JJ
work_3ehybzpqvbdsjlegtnkdycupja	357	20	sloping	sloping	NN
work_3ehybzpqvbdsjlegtnkdycupja	357	21	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	357	22	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	357	23	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	357	24	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	357	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	358	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	358	2	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	358	3	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	358	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	358	5	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	358	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	358	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	358	8	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	358	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	358	10	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	358	11	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	358	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	358	13	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	358	14	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	358	15	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	358	16	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	358	17	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	358	18	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	358	19	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	358	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	358	21	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	358	22	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	358	23	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	358	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	359	1	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	359	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	359	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	359	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	359	5	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	359	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	359	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	359	8	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	359	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	359	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	359	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	359	12	larger	large	JJR
work_3ehybzpqvbdsjlegtnkdycupja	359	13	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	359	14	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	359	15	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	359	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	359	17	decrease	decrease	NN
work_3ehybzpqvbdsjlegtnkdycupja	359	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	359	19	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	359	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	359	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	359	22	increase	increase	VB
work_3ehybzpqvbdsjlegtnkdycupja	359	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	359	24	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	359	25	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	359	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	360	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	360	2	reason	reason	NN
work_3ehybzpqvbdsjlegtnkdycupja	360	3	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	360	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	360	5	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	360	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	360	7	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	360	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	360	9	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	360	10	precise	precise	JJ
work_3ehybzpqvbdsjlegtnkdycupja	360	11	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	360	12	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	360	13	reduces	reduce	NNS
work_3ehybzpqvbdsjlegtnkdycupja	360	14	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	360	15	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	360	16	reliance	reliance	NN
work_3ehybzpqvbdsjlegtnkdycupja	360	17	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	360	18	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	360	19	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	360	20	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	360	21	forecasting	forecast	VBG
work_3ehybzpqvbdsjlegtnkdycupja	360	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	360	23	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	360	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	361	1	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	361	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	361	3	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	361	4	both	both	DT
work_3ehybzpqvbdsjlegtnkdycupja	361	5	equilibria	equilibria	NNP
work_3ehybzpqvbdsjlegtnkdycupja	361	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	361	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	361	8	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	361	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	361	10	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	361	11	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	361	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	361	13	weaker	weak	JJR
work_3ehybzpqvbdsjlegtnkdycupja	361	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	361	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	361	16	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	361	17	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	361	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	362	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	362	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	362	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	362	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	362	5	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	362	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	362	7	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	362	8	weakened	weaken	VBN
work_3ehybzpqvbdsjlegtnkdycupja	362	9	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	362	10	increases	increase	NNS
work_3ehybzpqvbdsjlegtnkdycupja	362	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	362	12	decreases	decrease	NNS
work_3ehybzpqvbdsjlegtnkdycupja	362	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	362	14	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	362	15	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	362	16	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	362	17	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	362	18	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	362	19	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	362	20	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	362	21	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	362	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	362	23	leading	lead	VBG
work_3ehybzpqvbdsjlegtnkdycupja	362	24	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	362	25	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	362	26	decrease	decrease	NN
work_3ehybzpqvbdsjlegtnkdycupja	362	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	362	28	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	362	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	362	30	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	362	31	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	362	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	363	1	27	27	CD
work_3ehybzpqvbdsjlegtnkdycupja	363	2	25It	25it	CD
work_3ehybzpqvbdsjlegtnkdycupja	363	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	363	4	worth	worth	JJ
work_3ehybzpqvbdsjlegtnkdycupja	363	5	noting	note	VBG
work_3ehybzpqvbdsjlegtnkdycupja	363	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	363	7	Huang	Huang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	363	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	363	9	Stoll	Stoll	NNP
work_3ehybzpqvbdsjlegtnkdycupja	363	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	363	11	1997	1997	CD
work_3ehybzpqvbdsjlegtnkdycupja	363	12	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	363	13	assumes	assume	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	363	14	uninformed	uninformed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	363	15	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	363	16	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	363	17	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	363	18	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	363	19	generated	generate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	363	20	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	363	21	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	363	22	AR(1	AR(1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	363	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	363	24	process	process	NN
work_3ehybzpqvbdsjlegtnkdycupja	363	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	363	26	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	363	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	363	28	estimated	estimate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	363	29	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	363	30	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	363	31	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	363	32	process	process	NN
work_3ehybzpqvbdsjlegtnkdycupja	363	33	turns	turn	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	363	34	out	out	RP
work_3ehybzpqvbdsjlegtnkdycupja	363	35	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	363	36	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	363	37	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	363	38	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	363	39	close	close	JJ
work_3ehybzpqvbdsjlegtnkdycupja	363	40	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	363	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	364	1	Negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	364	2	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	364	3	components	component	NNS
work_3ehybzpqvbdsjlegtnkdycupja	364	4	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	364	5	occur	occur	VBP
work_3ehybzpqvbdsjlegtnkdycupja	364	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	364	7	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	364	8	spread	spread	NN
work_3ehybzpqvbdsjlegtnkdycupja	364	9	decomposition	decomposition	NN
work_3ehybzpqvbdsjlegtnkdycupja	364	10	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	364	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	365	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	365	2	example	example	NN
work_3ehybzpqvbdsjlegtnkdycupja	365	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	365	4	Hamm	Hamm	NNP
work_3ehybzpqvbdsjlegtnkdycupja	365	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	365	6	2014	2014	CD
work_3ehybzpqvbdsjlegtnkdycupja	365	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	365	8	investigates	investigate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	365	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	365	10	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	365	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	365	12	exchange	exchange	NN
work_3ehybzpqvbdsjlegtnkdycupja	365	13	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	365	14	traded	trade	VBN
work_3ehybzpqvbdsjlegtnkdycupja	365	15	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	365	16	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	365	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	365	18	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	365	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	365	20	underlying	underlie	VBG
work_3ehybzpqvbdsjlegtnkdycupja	365	21	stocks	stock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	365	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	365	23	estimates	estimate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	365	24	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	365	25	spread	spread	VBN
work_3ehybzpqvbdsjlegtnkdycupja	365	26	decomposition	decomposition	NN
work_3ehybzpqvbdsjlegtnkdycupja	365	27	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	365	28	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	365	29	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	365	30	Madhavan	Madhavan	NNP
work_3ehybzpqvbdsjlegtnkdycupja	365	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	365	32	Richardson	Richardson	NNP
work_3ehybzpqvbdsjlegtnkdycupja	365	33	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	365	34	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	365	35	Roomans	Roomans	NNP
work_3ehybzpqvbdsjlegtnkdycupja	365	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	365	37	1997	1997	CD
work_3ehybzpqvbdsjlegtnkdycupja	365	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	365	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	366	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	366	2	several	several	JJ
work_3ehybzpqvbdsjlegtnkdycupja	366	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	366	4	her	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	366	5	findings	finding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	366	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	366	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	366	8	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	366	9	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	366	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	366	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	366	12	spread	spread	NN
work_3ehybzpqvbdsjlegtnkdycupja	366	13	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	366	14	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	366	15	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	366	16	leading	lead	VBG
work_3ehybzpqvbdsjlegtnkdycupja	366	17	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	366	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	366	19	exclusion	exclusion	NN
work_3ehybzpqvbdsjlegtnkdycupja	366	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	366	21	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	366	22	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	366	23	out	out	RB
work_3ehybzpqvbdsjlegtnkdycupja	366	24	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	366	25	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	366	26	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	366	27	range	range	NN
work_3ehybzpqvbdsjlegtnkdycupja	366	28	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	366	29	observations	observation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	366	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	367	1	See	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	367	2	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	367	3	Foucault	Foucault	NNP
work_3ehybzpqvbdsjlegtnkdycupja	367	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	367	5	Pagano	Pagano	NNP
work_3ehybzpqvbdsjlegtnkdycupja	367	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	367	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	367	8	Röell	Röell	NNP
work_3ehybzpqvbdsjlegtnkdycupja	367	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	367	10	2013	2013	CD
work_3ehybzpqvbdsjlegtnkdycupja	367	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	367	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	367	13	Ch	Ch	NNP
work_3ehybzpqvbdsjlegtnkdycupja	367	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	368	1	5.2.2	5.2.2	CD
work_3ehybzpqvbdsjlegtnkdycupja	368	2	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	369	1	26Public	26public	CD
work_3ehybzpqvbdsjlegtnkdycupja	369	2	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	369	3	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	369	4	little	little	JJ
work_3ehybzpqvbdsjlegtnkdycupja	369	5	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	369	6	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	369	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	369	8	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	369	9	ex	ex	NNP
work_3ehybzpqvbdsjlegtnkdycupja	369	10	ante	ante	NNP
work_3ehybzpqvbdsjlegtnkdycupja	369	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	369	12	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	369	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	369	14	degree	degree	NN
work_3ehybzpqvbdsjlegtnkdycupja	369	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	369	16	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	369	17	tolerance	tolerance	NN
work_3ehybzpqvbdsjlegtnkdycupja	369	18	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	369	19	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	369	20	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	369	21	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	369	22	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	369	23	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	369	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	369	25	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	369	26	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	369	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	370	1	27Along	27along	CD
work_3ehybzpqvbdsjlegtnkdycupja	370	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	370	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	370	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	370	5	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	370	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	370	7	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	370	8	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	370	9	facing	face	VBG
work_3ehybzpqvbdsjlegtnkdycupja	370	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	370	11	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	370	12	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	370	13	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	370	14	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	370	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	370	16	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	370	17	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	370	18	adjust	adjust	VB
work_3ehybzpqvbdsjlegtnkdycupja	370	19	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	370	20	estimate	estimate	NN
work_3ehybzpqvbdsjlegtnkdycupja	370	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	370	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	370	23	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	370	24	downward	downward	RB
work_3ehybzpqvbdsjlegtnkdycupja	370	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	370	26	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	370	27	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	370	28	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	370	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	370	30	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	370	31	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	370	32	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	370	33	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	370	34	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	370	35	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	370	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	371	1	Other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	371	2	things	thing	NNS
work_3ehybzpqvbdsjlegtnkdycupja	371	3	equal	equal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	371	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	371	5	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	371	6	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	371	7	precise	precise	JJ
work_3ehybzpqvbdsjlegtnkdycupja	371	8	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	371	9	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	371	10	reduces	reduce	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	371	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	371	12	absolute	absolute	JJ
work_3ehybzpqvbdsjlegtnkdycupja	371	13	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	371	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	371	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	371	16	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	371	17	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	371	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	371	19	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	371	20	works	work	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	371	21	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	371	22	increase	increase	VB
work_3ehybzpqvbdsjlegtnkdycupja	371	23	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	371	24	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	371	25	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	371	26	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	371	27	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	371	28	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	371	29	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	371	30	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	371	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	372	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	372	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	372	3	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	372	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	372	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	372	6	converse	converse	NN
work_3ehybzpqvbdsjlegtnkdycupja	372	7	statement	statement	NN
work_3ehybzpqvbdsjlegtnkdycupja	372	8	holds	hold	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	372	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	373	1	23	23	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	2	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	3	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	4	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	5	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	6	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	7	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	8	a1	a1	NN
work_3ehybzpqvbdsjlegtnkdycupja	373	9	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	10	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	11	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	12	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	13	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	14	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	15	ΨHa1	ΨHa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	16	L	L	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	17	ΤΗ	ΤΗ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	373	19	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	20	ΤΗ	ΤΗ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	21	=3	=3	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	373	23	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	373	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	373	25	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	26	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	27	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	28	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	29	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	30	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	31	a1	a1	NN
work_3ehybzpqvbdsjlegtnkdycupja	373	32	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	33	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	34	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	35	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	36	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	37	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	38	ΨHa1	ΨHa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	39	L	L	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	40	ΤΕ	ΤΕ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	41	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	373	42	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	43	ΤΕ	ΤΕ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	44	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	373	45	7.5	7.5	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	46	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	373	47	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	373	48	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	373	49	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	50	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	51	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	52	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	53	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	54	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	55	a1	a1	NN
work_3ehybzpqvbdsjlegtnkdycupja	373	56	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	57	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	58	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	59	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	60	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	61	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	62	ΨHa1	ΨHa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	63	L	L	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	64	Β=.7	Β=.7	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	65	Β=1	Β=1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	66	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	373	67	c	c	NN
work_3ehybzpqvbdsjlegtnkdycupja	373	68	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	373	69	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	70	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	71	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	72	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	73	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	74	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	75	a1	a1	NN
work_3ehybzpqvbdsjlegtnkdycupja	373	76	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	77	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	78	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	79	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	80	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	81	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	82	ΨHa1	ΨHa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	83	L	L	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	84	Τu	Τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	85	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	373	86	3.5	3.5	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	87	Τu	Τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	373	88	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	373	89	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	90	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	373	91	d	d	NN
work_3ehybzpqvbdsjlegtnkdycupja	373	92	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	373	93	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	373	94	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	373	95	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	373	96	Comparative	comparative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	373	97	statics	static	NNS
work_3ehybzpqvbdsjlegtnkdycupja	373	98	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	374	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	374	2	plot	plot	VBP
work_3ehybzpqvbdsjlegtnkdycupja	374	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	374	4	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	374	5	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	374	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	374	7	22	22	CD
work_3ehybzpqvbdsjlegtnkdycupja	374	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	374	9	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	374	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	374	11	parameters	parameter	NNS
work_3ehybzpqvbdsjlegtnkdycupja	374	12	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	374	13	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	374	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	374	15	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	374	16	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	374	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	374	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	374	19	orange	orange	NNP
work_3ehybzpqvbdsjlegtnkdycupja	374	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	374	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	374	22	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	374	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	374	24	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	374	25	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	374	26	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	374	27	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	374	28	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	374	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	374	30	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	374	31	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	374	32	τη	τη	NNP
work_3ehybzpqvbdsjlegtnkdycupja	374	33	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	374	34	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	374	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	374	36	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	374	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	374	38	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	374	39	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	374	40	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	374	41	dashed	dash	VBN
work_3ehybzpqvbdsjlegtnkdycupja	374	42	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	374	43	blue	blue	JJ
work_3ehybzpqvbdsjlegtnkdycupja	374	44	curve	curve	NN
work_3ehybzpqvbdsjlegtnkdycupja	374	45	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	374	46	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	375	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	375	2	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	375	4	a	a	LS
work_3ehybzpqvbdsjlegtnkdycupja	375	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	375	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	375	7	increase	increase	VBP
work_3ehybzpqvbdsjlegtnkdycupja	375	8	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	375	9	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	10	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	11	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	375	12	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	13	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	375	14	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	375	15	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	375	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	375	17	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	375	19	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	375	21	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	375	22	decrease	decrease	VBP
work_3ehybzpqvbdsjlegtnkdycupja	375	23	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	375	24	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	25	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	26	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	375	27	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	375	28	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	375	29	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	375	30	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	375	31	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	375	32	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	375	34	c	c	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	375	36	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	375	37	decrease	decrease	VBP
work_3ehybzpqvbdsjlegtnkdycupja	375	38	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	39	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	375	40	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	375	41	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	42	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	375	43	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	375	44	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	375	45	.7	.7	NNP
work_3ehybzpqvbdsjlegtnkdycupja	375	46	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	375	47	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	375	48	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	375	49	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	50	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	375	51	d	d	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	52	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	375	53	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	375	54	decrease	decrease	VBP
work_3ehybzpqvbdsjlegtnkdycupja	375	55	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	375	56	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	57	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	375	58	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	59	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	375	60	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	375	61	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	375	62	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	375	63	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	375	64	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	375	65	3.5	3.5	CD
work_3ehybzpqvbdsjlegtnkdycupja	375	66	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	376	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	376	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	376	3	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	376	4	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	376	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	376	6	totally	totally	RB
work_3ehybzpqvbdsjlegtnkdycupja	376	7	uninformative	uninformative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	376	8	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	376	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	376	10	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	376	11	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	376	12	>	>	NNP
work_3ehybzpqvbdsjlegtnkdycupja	376	13	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	376	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	376	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	376	16	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	376	17	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	376	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	376	19	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	376	20	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	376	21	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	376	22	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	376	23	extremely	extremely	RB
work_3ehybzpqvbdsjlegtnkdycupja	376	24	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	376	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	377	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	377	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	377	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	377	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	377	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	377	6	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	377	7	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	377	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	377	9	22	22	CD
work_3ehybzpqvbdsjlegtnkdycupja	377	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	377	11	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	377	12	discontinuous	discontinuous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	377	13	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	377	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	377	15	IIE	IIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	377	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	377	17	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	377	18	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	377	19	disappears	disappear	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	377	20	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	377	21	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	377	22	Figure	Figure	NNP
work_3ehybzpqvbdsjlegtnkdycupja	377	23	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	377	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	377	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	377	26	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	377	27	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	377	28	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	377	29	obtain	obtain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	377	30	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	377	31	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	377	32	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	377	33	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	377	34	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	377	35	computed	compute	VBN
work_3ehybzpqvbdsjlegtnkdycupja	377	36	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	377	37	closed	closed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	377	38	form	form	NN
work_3ehybzpqvbdsjlegtnkdycupja	377	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	378	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	378	2	claim	claim	NN
work_3ehybzpqvbdsjlegtnkdycupja	378	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	378	4	formalized	formalize	VBN
work_3ehybzpqvbdsjlegtnkdycupja	378	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	378	6	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	378	7	next	next	JJ
work_3ehybzpqvbdsjlegtnkdycupja	378	8	corollary	corollary	NN
work_3ehybzpqvbdsjlegtnkdycupja	378	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	379	1	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	379	2	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	379	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	380	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	380	2	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	380	3	=	=	NN
work_3ehybzpqvbdsjlegtnkdycupja	380	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	380	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	381	1	•	•	VB
work_3ehybzpqvbdsjlegtnkdycupja	381	2	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	381	3	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	4	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	381	5	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	381	6	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	381	7	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	381	8	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	381	9	exist	exist	VBP
work_3ehybzpqvbdsjlegtnkdycupja	381	10	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	11	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	381	12	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	381	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	381	14	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	381	15	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	381	17	γτε	γτε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	381	19	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	20	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	21	24	24	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	22	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	23	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	24	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	25	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	26	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	27	a10	a10	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	28	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	29	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	30	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	31	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	32	ΨHa1	ΨHa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	33	L	L	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	34	ΤΗ	ΤΗ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	35	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	381	36	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	37	ΤΗ	ΤΗ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	38	=3	=3	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	39	ΤΗ	ΤΗ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	40	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	381	41	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	42	�	�	NN
work_3ehybzpqvbdsjlegtnkdycupja	381	43	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	44	ΤΗ	ΤΗ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	45	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	381	46	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	47	�	�	NNP
work_3ehybzpqvbdsjlegtnkdycupja	381	48	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	49	ΤΗ	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	381	50	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	381	51	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	381	52	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	381	53	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	54	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	381	55	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	381	56	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	381	57	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	381	58	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	381	59	mapping	mapping	NN
work_3ehybzpqvbdsjlegtnkdycupja	381	60	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	381	61	22	22	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	62	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	381	63	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	381	64	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	381	65	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	381	66	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	381	67	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	381	68	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	381	69	ranges	range	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	381	70	within	within	IN
work_3ehybzpqvbdsjlegtnkdycupja	381	71	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	381	72	set	set	NN
work_3ehybzpqvbdsjlegtnkdycupja	381	73	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	381	74	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	75	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	381	76	1/10	1/10	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	77	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	381	78	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	79	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	381	80	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	81	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	381	82	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	381	83	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	381	84	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	382	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	382	2	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	382	3	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	382	4	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	382	5	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	382	6	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	382	7	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	382	8	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	382	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	382	10	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	382	11	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	382	12	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	382	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	382	14	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	382	15	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	382	16	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	382	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	382	18	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	382	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	382	20	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	382	21	=	=	NNP
work_3ehybzpqvbdsjlegtnkdycupja	382	22	7.5	7.5	CD
work_3ehybzpqvbdsjlegtnkdycupja	382	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	382	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	382	25	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	382	26	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	382	27	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	382	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	383	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	383	2	τη	τη	FW
work_3ehybzpqvbdsjlegtnkdycupja	383	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	383	4	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	383	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	383	6	note	note	VB
work_3ehybzpqvbdsjlegtnkdycupja	383	7	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	383	8	ψ(·,τη	ψ(·,τη	NNS
work_3ehybzpqvbdsjlegtnkdycupja	383	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	383	10	diverges	diverge	NNS
work_3ehybzpqvbdsjlegtnkdycupja	383	11	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	383	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	383	13	point	point	NN
work_3ehybzpqvbdsjlegtnkdycupja	383	14	â1	â1	.
work_3ehybzpqvbdsjlegtnkdycupja	383	15	≡	≡	NN
work_3ehybzpqvbdsjlegtnkdycupja	383	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	383	17	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	383	18	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	383	19	γτua2)/(γβτu	γτua2)/(γβτu	NN
work_3ehybzpqvbdsjlegtnkdycupja	383	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	383	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	383	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	383	23	IIE	IIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	383	24	disappears	disappear	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	383	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	384	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	384	2	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	384	3	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	384	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	384	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	384	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	384	7	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	384	8	ψ(â1	ψ(â1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	384	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	384	10	.1	.1	NN
work_3ehybzpqvbdsjlegtnkdycupja	384	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	384	12	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	384	13	3.75864	3.75864	CD
work_3ehybzpqvbdsjlegtnkdycupja	384	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	384	15	ψ(â1	ψ(â1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	384	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	384	17	.5	.5	XX
work_3ehybzpqvbdsjlegtnkdycupja	384	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	384	19	=	=	NNS
work_3ehybzpqvbdsjlegtnkdycupja	384	20	3.75862	3.75862	CD
work_3ehybzpqvbdsjlegtnkdycupja	384	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	384	22	ψ(â1	ψ(â1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	384	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	384	24	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	384	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	384	26	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	384	27	3.7585	3.7585	CD
work_3ehybzpqvbdsjlegtnkdycupja	384	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	384	29	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	384	30	ψ(â1	ψ(â1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	384	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	384	32	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	384	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	384	34	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	384	35	3.7584	3.7584	CD
work_3ehybzpqvbdsjlegtnkdycupja	384	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	385	1	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	385	2	a∗1,a∗∗∗1	a∗1,a∗∗∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	385	3	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	385	4	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	385	5	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	385	6	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	385	7	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	385	8	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	385	9	a∗∗∗1	a∗∗∗1	RB
work_3ehybzpqvbdsjlegtnkdycupja	385	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	385	11	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	385	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	385	13	A.17	a.17	NN
work_3ehybzpqvbdsjlegtnkdycupja	385	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	385	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	385	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	385	17	A.18	a.18	NN
work_3ehybzpqvbdsjlegtnkdycupja	385	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	385	19	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	385	20	explicit	explicit	JJ
work_3ehybzpqvbdsjlegtnkdycupja	385	21	expressions	expression	NNS
work_3ehybzpqvbdsjlegtnkdycupja	385	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	385	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	386	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	386	2	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	386	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	386	4			NN
work_3ehybzpqvbdsjlegtnkdycupja	386	5	a	a	NNS
work_3ehybzpqvbdsjlegtnkdycupja	386	6	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	386	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	386	8	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	386	9	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	386	10	−βa∗1	−βa∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	386	11	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	386	12	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	386	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	386	14	λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	386	15	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	386	16	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	386	17	>	>	NN
work_3ehybzpqvbdsjlegtnkdycupja	386	18	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	386	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	386	20	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	386	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	386	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	386	23	a∗∗∗1	a∗∗∗1	UH
work_3ehybzpqvbdsjlegtnkdycupja	386	24	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	386	25	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	386	26	−βa∗∗∗1	−βa∗∗∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	386	27	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	386	28	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	386	29	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	386	30	λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	386	31	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	386	32	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	386	33	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	386	34	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	386	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	386	36	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	386	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	386	38	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	387	1	Furthermore	furthermore	RB
work_3ehybzpqvbdsjlegtnkdycupja	387	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	387	3	|λ∗∗∗2	|λ∗∗∗2	CD
work_3ehybzpqvbdsjlegtnkdycupja	387	4	|	|	NNS
work_3ehybzpqvbdsjlegtnkdycupja	387	5	<	<	NNP
work_3ehybzpqvbdsjlegtnkdycupja	387	6	λ	λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	387	7	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	387	8	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	387	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	387	10	Λ	Λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	387	11	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	387	12	n	n	XX
work_3ehybzpqvbdsjlegtnkdycupja	387	13	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	387	14	Λ	Λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	387	15	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	387	16	n	n	CC
work_3ehybzpqvbdsjlegtnkdycupja	387	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	387	18	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	387	19	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	387	20	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	387	21	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	387	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	387	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	387	24	Var1[p2	Var1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	387	25	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	387	26	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	387	27	lower	low	JJR
work_3ehybzpqvbdsjlegtnkdycupja	387	28	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	387	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	387	30	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	387	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	388	1	•	•	VB
work_3ehybzpqvbdsjlegtnkdycupja	388	2	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	388	3	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	388	4	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	388	5	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	388	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	388	7	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	388	8	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	388	9	exists	exist	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	388	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	388	11	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	388	12	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	388	13	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	388	14	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	388	15	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	388	16	γτε	γτε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	388	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	388	18	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	388	19	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	388	20	γa22τu	γa22τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	388	21	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	388	22	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	388	23	γa2τu	γa2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	388	24	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	388	25	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	388	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	389	1	Remark	Remark	NNP
work_3ehybzpqvbdsjlegtnkdycupja	389	2	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	389	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	390	1	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	390	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	390	3	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	390	4	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	390	5	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	390	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	390	7	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	390	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	390	9	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	390	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	390	11	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	390	12	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	390	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	390	14	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	390	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	390	16	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	390	17	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	390	18	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	390	19	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	390	20	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	390	21	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	390	22	set	set	VBN
work_3ehybzpqvbdsjlegtnkdycupja	390	23	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	390	24	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	390	25	sector	sector	NN
work_3ehybzpqvbdsjlegtnkdycupja	390	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	390	27	competitive	competitive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	390	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	390	29	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	390	30	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	390	31	neutral	neutral	JJ
work_3ehybzpqvbdsjlegtnkdycupja	390	32	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	390	33	makers	maker	NNS
work_3ehybzpqvbdsjlegtnkdycupja	390	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	391	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	391	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	391	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	391	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	391	5	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	391	6	makers	maker	NNS
work_3ehybzpqvbdsjlegtnkdycupja	391	7	do	do	VBP
work_3ehybzpqvbdsjlegtnkdycupja	391	8	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	391	9	require	require	VB
work_3ehybzpqvbdsjlegtnkdycupja	391	10	compensation	compensation	NN
work_3ehybzpqvbdsjlegtnkdycupja	391	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	391	12	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	391	13	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	391	14	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	391	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	391	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	391	17	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	391	18	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	391	19	clear	clear	VB
work_3ehybzpqvbdsjlegtnkdycupja	391	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	391	21	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	391	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	391	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	391	24	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	391	25	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	391	26	semi	semi	RB
work_3ehybzpqvbdsjlegtnkdycupja	391	27	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	391	28	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	391	29	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	391	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	392	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	392	2	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	392	3	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	392	4	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	392	5	25	25	CD
work_3ehybzpqvbdsjlegtnkdycupja	392	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	392	7	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	392	8	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	392	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	392	10	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	392	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	392	12	present	present	JJ
work_3ehybzpqvbdsjlegtnkdycupja	392	13	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	392	14	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	392	15	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	392	16	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	392	17	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	392	18	weakened	weaken	VBD
work_3ehybzpqvbdsjlegtnkdycupja	392	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	392	20	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	392	21	ensures	ensure	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	392	22	uniqueness	uniqueness	JJ
work_3ehybzpqvbdsjlegtnkdycupja	392	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	393	1	28	28	CD
work_3ehybzpqvbdsjlegtnkdycupja	393	2	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	393	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	393	4	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	393	5	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	393	6	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	393	7	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	393	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	393	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	393	10	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	393	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	393	12	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	393	13	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	393	14	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	393	15	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	393	16	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	393	17	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	393	18	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	393	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	393	20	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	393	21	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	393	22	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	393	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	393	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	394	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	394	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	394	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	394	4	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	394	5	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	394	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	394	7	akin	akin	JJ
work_3ehybzpqvbdsjlegtnkdycupja	394	8	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	394	9	Grossman	Grossman	NNP
work_3ehybzpqvbdsjlegtnkdycupja	394	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	394	11	Miller	Miller	NNP
work_3ehybzpqvbdsjlegtnkdycupja	394	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	394	13	1988	1988	CD
work_3ehybzpqvbdsjlegtnkdycupja	394	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	394	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	394	16	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	394	17	trade	trade	VBP
work_3ehybzpqvbdsjlegtnkdycupja	394	18	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	394	19	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	394	20	accommodate	accommodate	VB
work_3ehybzpqvbdsjlegtnkdycupja	394	21	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	394	22	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	394	23	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	394	24	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	394	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	395	1	Prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	395	2	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	395	3	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	395	4	invertible	invertible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	395	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	395	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	395	7	latter	latter	NN
work_3ehybzpqvbdsjlegtnkdycupja	395	8	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	395	9	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	395	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	395	11	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	395	12	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	395	13	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	395	14	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	395	15	arise	arise	VB
work_3ehybzpqvbdsjlegtnkdycupja	395	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	395	17	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	395	18	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	395	19	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	395	20	depending	depend	VBG
work_3ehybzpqvbdsjlegtnkdycupja	395	21	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	395	22	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	395	23	prior	prior	JJ
work_3ehybzpqvbdsjlegtnkdycupja	395	24	precsion	precsion	NN
work_3ehybzpqvbdsjlegtnkdycupja	395	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	396	1	Remark	Remark	NNP
work_3ehybzpqvbdsjlegtnkdycupja	396	2	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	396	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	397	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	397	2	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	397	3	draw	draw	VB
work_3ehybzpqvbdsjlegtnkdycupja	397	4	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	397	5	parallel	parallel	NN
work_3ehybzpqvbdsjlegtnkdycupja	397	6	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	397	7	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	397	8	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	397	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	397	10	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	397	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	397	12	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	397	13	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	397	14	actions	action	NNS
work_3ehybzpqvbdsjlegtnkdycupja	397	15	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	397	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	397	17	feedback	feedback	NN
work_3ehybzpqvbdsjlegtnkdycupja	397	18	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	397	19	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	397	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	397	21	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	397	22	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	397	23	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	397	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	398	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	398	2	papers	paper	NNS
work_3ehybzpqvbdsjlegtnkdycupja	398	3	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	398	4	feature	feature	VBP
work_3ehybzpqvbdsjlegtnkdycupja	398	5	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	398	6	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	398	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	398	8	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	398	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	398	10	Ozdenoren	Ozdenoren	NNP
work_3ehybzpqvbdsjlegtnkdycupja	398	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	398	12	Yuan	Yuan	NNP
work_3ehybzpqvbdsjlegtnkdycupja	398	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	398	14	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	398	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	398	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	398	17	Bond	Bond	NNP
work_3ehybzpqvbdsjlegtnkdycupja	398	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	398	19	Goldstein	Goldstein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	398	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	398	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	398	22	Prescott	Prescott	NNP
work_3ehybzpqvbdsjlegtnkdycupja	398	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	398	24	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	398	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	398	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	398	27	Dow	Dow	NNP
work_3ehybzpqvbdsjlegtnkdycupja	398	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	398	29	Goldstein	Goldstein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	398	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	398	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	398	32	Guembel	Guembel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	398	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	398	34	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	398	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	398	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	398	37	Goldstein	Goldstein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	398	38	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	398	39	Ozdenoren	Ozdenoren	NNP
work_3ehybzpqvbdsjlegtnkdycupja	398	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	398	41	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	398	42	Yuan	Yuan	NNP
work_3ehybzpqvbdsjlegtnkdycupja	398	43	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	398	44	2013	2013	CD
work_3ehybzpqvbdsjlegtnkdycupja	398	45	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	398	46	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	398	47	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	398	48	complementarities	complementarity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	398	49	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	398	50	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	398	51	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	398	52	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	398	53	equilibria	equilibria	NNP
work_3ehybzpqvbdsjlegtnkdycupja	398	54	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	398	55	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	398	56	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	398	57	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	398	58	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	398	59	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	398	60	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	398	61	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	398	62	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	398	63	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	398	64	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	398	65	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	398	66	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	398	67	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	399	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	399	2	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	399	3	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	399	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	399	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	399	6	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	399	7	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	399	8	n	n	NN
work_3ehybzpqvbdsjlegtnkdycupja	399	9	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	399	10	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	399	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	399	12	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	399	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	399	14	p2	p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	399	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	399	16	represents	represent	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	399	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	399	18	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	399	19	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	399	20	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	399	21	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	399	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	399	23	perspective	perspective	NN
work_3ehybzpqvbdsjlegtnkdycupja	399	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	399	25	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	399	26	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	399	27	n	n	NN
work_3ehybzpqvbdsjlegtnkdycupja	399	28	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	399	29	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	399	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	399	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	399	32	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	399	33	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	399	34	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	399	35	affects	affect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	399	36	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	399	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	400	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	400	2	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	400	3	corresponds	correspond	NNS
work_3ehybzpqvbdsjlegtnkdycupja	400	4	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	400	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	400	6	feedback	feedback	NN
work_3ehybzpqvbdsjlegtnkdycupja	400	7	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	400	8	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	400	9	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	400	10	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	400	11	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	400	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	400	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	400	14	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	400	15	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	400	16	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	400	17	feedback	feedback	NN
work_3ehybzpqvbdsjlegtnkdycupja	400	18	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	400	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	401	1	Bond	Bond	NNP
work_3ehybzpqvbdsjlegtnkdycupja	401	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	401	3	Goldstein	Goldstein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	401	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	401	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	401	6	Prescott	Prescott	NNP
work_3ehybzpqvbdsjlegtnkdycupja	401	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	401	8	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	401	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	401	10	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	401	11	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	401	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	401	13	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	401	14	agents	agent	NNS
work_3ehybzpqvbdsjlegtnkdycupja	401	15	use	use	VBP
work_3ehybzpqvbdsjlegtnkdycupja	401	16	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	401	17	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	401	18	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	401	19	deciding	decide	VBG
work_3ehybzpqvbdsjlegtnkdycupja	401	20	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	401	21	corrective	corrective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	401	22	actions	action	NNS
work_3ehybzpqvbdsjlegtnkdycupja	401	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	401	24	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	401	25	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	401	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	401	27	board	board	NN
work_3ehybzpqvbdsjlegtnkdycupja	401	28	considers	consider	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	401	29	firing	fire	VBG
work_3ehybzpqvbdsjlegtnkdycupja	401	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	401	31	CEO	ceo	NN
work_3ehybzpqvbdsjlegtnkdycupja	401	32	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	401	33	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	401	34	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	401	35	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	401	36	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	401	37	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	401	38	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	401	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	401	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	401	41	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	401	42	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	401	43	adjust	adjust	VBP
work_3ehybzpqvbdsjlegtnkdycupja	401	44	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	401	45	reflect	reflect	VB
work_3ehybzpqvbdsjlegtnkdycupja	401	46	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	401	47	use	use	NN
work_3ehybzpqvbdsjlegtnkdycupja	401	48	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	401	49	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	401	50	thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	401	51	become	become	VB
work_3ehybzpqvbdsjlegtnkdycupja	401	52	less	less	RBR
work_3ehybzpqvbdsjlegtnkdycupja	401	53	revealing	revealing	JJ
work_3ehybzpqvbdsjlegtnkdycupja	401	54	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	402	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	402	2	Ozdenoren	Ozdenoren	NNP
work_3ehybzpqvbdsjlegtnkdycupja	402	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	402	4	Yuan	Yuan	NNP
work_3ehybzpqvbdsjlegtnkdycupja	402	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	402	6	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	402	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	402	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	402	9	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	402	10	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	402	11	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	402	12	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	402	13	both	both	CC
work_3ehybzpqvbdsjlegtnkdycupja	402	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	402	15	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	402	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	402	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	402	18	likelihood	likelihood	NN
work_3ehybzpqvbdsjlegtnkdycupja	402	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	402	20	coordination	coordination	NN
work_3ehybzpqvbdsjlegtnkdycupja	402	21	among	among	IN
work_3ehybzpqvbdsjlegtnkdycupja	402	22	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	402	23	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	402	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	403	1	Multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	403	2	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	403	3	arise	arise	VBP
work_3ehybzpqvbdsjlegtnkdycupja	403	4	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	403	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	403	6	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	403	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	403	8	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	403	9	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	403	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	403	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	403	12	coordination	coordination	NN
work_3ehybzpqvbdsjlegtnkdycupja	403	13	motive	motive	NN
work_3ehybzpqvbdsjlegtnkdycupja	403	14	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	403	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	403	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	403	17	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	403	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	404	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	404	2	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	404	3	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	404	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	404	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	404	6	feedback	feedback	NN
work_3ehybzpqvbdsjlegtnkdycupja	404	7	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	404	8	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	404	9	strength	strength	NN
work_3ehybzpqvbdsjlegtnkdycupja	404	10	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	404	11	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	404	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	404	13	sensitivity	sensitivity	NN
work_3ehybzpqvbdsjlegtnkdycupja	404	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	404	15	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	404	16	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	404	17	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	404	18	investment	investment	NN
work_3ehybzpqvbdsjlegtnkdycupja	404	19	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	404	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	404	21	risky	risky	JJ
work_3ehybzpqvbdsjlegtnkdycupja	404	22	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	404	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	405	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	405	2	parallel	parallel	NN
work_3ehybzpqvbdsjlegtnkdycupja	405	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	405	4	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	405	5	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	405	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	405	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	405	8	degree	degree	NN
work_3ehybzpqvbdsjlegtnkdycupja	405	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	405	10	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	405	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	405	12	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	405	13	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	405	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	406	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	406	2	both	both	DT
work_3ehybzpqvbdsjlegtnkdycupja	406	3	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	406	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	406	5	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	406	6	tends	tend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	406	7	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	406	8	arise	arise	VB
work_3ehybzpqvbdsjlegtnkdycupja	406	9	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	406	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	406	11	feedback	feedback	NN
work_3ehybzpqvbdsjlegtnkdycupja	406	12	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	406	13	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	406	14	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	406	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	407	1	Much	much	RB
work_3ehybzpqvbdsjlegtnkdycupja	407	2	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	407	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	407	4	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	407	5	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	407	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	407	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	407	8	Ozdenoren	Ozdenoren	NNP
work_3ehybzpqvbdsjlegtnkdycupja	407	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	407	10	Yuan	Yuan	NNP
work_3ehybzpqvbdsjlegtnkdycupja	407	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	407	12	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	407	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	407	14	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	407	15	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	407	16	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	407	17	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	407	18	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	407	19	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	407	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	407	21	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	407	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	407	23	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	407	24	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	407	25	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	407	26	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	407	27	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	407	28	base	base	NN
work_3ehybzpqvbdsjlegtnkdycupja	407	29	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	407	30	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	407	31	low	low	RB
work_3ehybzpqvbdsjlegtnkdycupja	407	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	408	1	Yet	yet	RB
work_3ehybzpqvbdsjlegtnkdycupja	408	2	unlike	unlike	IN
work_3ehybzpqvbdsjlegtnkdycupja	408	3	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	408	4	study	study	NN
work_3ehybzpqvbdsjlegtnkdycupja	408	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	408	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	408	7	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	408	8	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	408	9	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	408	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	408	11	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	408	12	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	408	13	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	408	14	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	408	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	408	16	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	408	17	coordination	coordination	NN
work_3ehybzpqvbdsjlegtnkdycupja	408	18	motive	motive	NN
work_3ehybzpqvbdsjlegtnkdycupja	408	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	408	20	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	408	21	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	408	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	408	23	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	408	24	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	408	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	408	26	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	408	27	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	408	28	coordination	coordination	NN
work_3ehybzpqvbdsjlegtnkdycupja	408	29	motive	motive	NN
work_3ehybzpqvbdsjlegtnkdycupja	408	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	408	31	yields	yield	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	408	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	408	33	opposite	opposite	JJ
work_3ehybzpqvbdsjlegtnkdycupja	408	34	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	408	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	409	1	D	D	NNP
work_3ehybzpqvbdsjlegtnkdycupja	409	2	Stability	Stability	NNP
work_3ehybzpqvbdsjlegtnkdycupja	409	3	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	409	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	409	5	section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	409	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	409	7	use	use	VBP
work_3ehybzpqvbdsjlegtnkdycupja	409	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	409	9	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	409	10	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	409	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	409	12	22	22	CD
work_3ehybzpqvbdsjlegtnkdycupja	409	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	409	14	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	409	15	perform	perform	VB
work_3ehybzpqvbdsjlegtnkdycupja	409	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	409	17	stability	stability	NN
work_3ehybzpqvbdsjlegtnkdycupja	409	18	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	409	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	409	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	409	21	equi-	equi-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	409	22	libria	libria	NNP
work_3ehybzpqvbdsjlegtnkdycupja	409	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	410	1	Toward	toward	IN
work_3ehybzpqvbdsjlegtnkdycupja	410	2	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	410	3	end	end	NN
work_3ehybzpqvbdsjlegtnkdycupja	410	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	410	5	consider	consider	VB
work_3ehybzpqvbdsjlegtnkdycupja	410	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	410	7	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	410	8	argument	argument	NN
work_3ehybzpqvbdsjlegtnkdycupja	410	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	411	1	Assume	assume	VB
work_3ehybzpqvbdsjlegtnkdycupja	411	2	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	411	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	411	4	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	411	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	411	6	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	411	7	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	411	8	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	411	9	point	point	NN
work_3ehybzpqvbdsjlegtnkdycupja	411	10	ā1	ā1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	411	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	411	12	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	411	13	ā1	ā1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	411	14	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	411	15	ψ(ā1	ψ(ā1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	411	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	411	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	412	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	412	2	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	412	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	412	4	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	412	5	small	small	JJ
work_3ehybzpqvbdsjlegtnkdycupja	412	6	perturbation	perturbation	NN
work_3ehybzpqvbdsjlegtnkdycupja	412	7	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	412	8	ā1	ā1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	412	9	28It	28It	NNP
work_3ehybzpqvbdsjlegtnkdycupja	412	10	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	412	11	easy	easy	JJ
work_3ehybzpqvbdsjlegtnkdycupja	412	12	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	412	13	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	412	14	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	412	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	412	16	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	412	17	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	412	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	412	19	γ/	γ/	NNP
work_3ehybzpqvbdsjlegtnkdycupja	412	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	412	21	τ−1	τ−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	412	22	�	�	NNP
work_3ehybzpqvbdsjlegtnkdycupja	412	23	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	412	24	τ	τ	CD
work_3ehybzpqvbdsjlegtnkdycupja	412	25	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	412	26	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	412	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	412	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	412	29	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	412	30	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	412	31	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	412	32	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	412	33	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	412	34	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	412	35	>	>	FW
work_3ehybzpqvbdsjlegtnkdycupja	412	36	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	412	37	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	412	38	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	412	39	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	412	40	τu∆a2	τu∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	412	41	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	412	42	τ2	τ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	412	43	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	412	44	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	412	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	413	1	26	26	CD
work_3ehybzpqvbdsjlegtnkdycupja	413	2	occurs	occur	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	413	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	414	1	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	414	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	414	3	consequence	consequence	NN
work_3ehybzpqvbdsjlegtnkdycupja	414	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	414	5	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	414	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	414	7	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	414	8	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	414	9	modify	modify	VBP
work_3ehybzpqvbdsjlegtnkdycupja	414	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	414	11	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	414	12	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	414	13	give	give	VBP
work_3ehybzpqvbdsjlegtnkdycupja	414	14	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	414	15	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	414	16	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	414	17	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	414	18	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	414	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	414	20	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	414	21	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	414	22	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	414	23	ā′1	ā′1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	414	24	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	414	25	ψ(ā	ψ(ā	NNP
work_3ehybzpqvbdsjlegtnkdycupja	414	26	′	′	NNP
work_3ehybzpqvbdsjlegtnkdycupja	414	27	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	414	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	414	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	415	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	415	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	415	3	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	415	4	returns	return	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	415	5	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	415	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	415	7	original	original	JJ
work_3ehybzpqvbdsjlegtnkdycupja	415	8	ā1	ā1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	415	9	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	415	10	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	415	11	according	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	415	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	415	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	415	14	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	415	15	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	415	16	reply	reply	NN
work_3ehybzpqvbdsjlegtnkdycupja	415	17	dynamics	dynamic	NNS
work_3ehybzpqvbdsjlegtnkdycupja	415	18	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	415	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	415	20	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	415	21	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	415	22	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	415	23	function	function	NN
work_3ehybzpqvbdsjlegtnkdycupja	415	24	ψ(·)—the	ψ(·)—the	NNP
work_3ehybzpqvbdsjlegtnkdycupja	415	25	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	415	26	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	415	27	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	415	28	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	415	29	otherwise	otherwise	RB
work_3ehybzpqvbdsjlegtnkdycupja	415	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	415	31	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	415	32	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	415	33	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	415	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	416	1	Hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	416	2	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	416	3	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	416	4	say	say	VB
work_3ehybzpqvbdsjlegtnkdycupja	416	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	416	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	416	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	416	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	416	9	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	416	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	416	11	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	416	12	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	416	13	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	416	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	416	15	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	416	16	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	416	17	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	416	18	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	416	19	i	i	PRP
work_3ehybzpqvbdsjlegtnkdycupja	416	20	put	put	VBP
work_3ehybzpqvbdsjlegtnkdycupja	416	21	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	416	22	lower	low	JJR
work_3ehybzpqvbdsjlegtnkdycupja	416	23	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	416	24	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	416	25	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	416	26	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	416	27	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	416	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	416	29	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	416	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	416	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	416	32	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	416	33	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	416	34	noisier	noisy	JJR
work_3ehybzpqvbdsjlegtnkdycupja	416	35	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	416	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	416	37	ii	ii	NNP
work_3ehybzpqvbdsjlegtnkdycupja	416	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	416	39	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	416	40	i	i	PRP
work_3ehybzpqvbdsjlegtnkdycupja	416	41	reacts	react	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	416	42	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	416	43	increasing	increase	VBG
work_3ehybzpqvbdsjlegtnkdycupja	416	44	less	less	JJR
work_3ehybzpqvbdsjlegtnkdycupja	416	45	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	416	46	more	more	JJR
work_3ehybzpqvbdsjlegtnkdycupja	416	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	416	48	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	416	49	propor-	propor-	NN
work_3ehybzpqvbdsjlegtnkdycupja	416	50	tionally	tionally	RB
work_3ehybzpqvbdsjlegtnkdycupja	416	51	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	416	52	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	416	53	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	416	54	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	416	55	own	own	JJ
work_3ehybzpqvbdsjlegtnkdycupja	416	56	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	416	57	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	416	58	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	416	59	contributing	contribute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	416	60	less	less	JJR
work_3ehybzpqvbdsjlegtnkdycupja	416	61	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	416	62	more	more	JJR
work_3ehybzpqvbdsjlegtnkdycupja	416	63	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	416	64	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	416	65	proportionally	proportionally	RB
work_3ehybzpqvbdsjlegtnkdycupja	416	66	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	416	67	restoring	restore	VBG
work_3ehybzpqvbdsjlegtnkdycupja	416	68	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	416	69	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	416	70	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	417	1	Formally	formally	RB
work_3ehybzpqvbdsjlegtnkdycupja	417	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	417	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	417	4	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	417	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	417	6	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	417	7	definition	definition	NN
work_3ehybzpqvbdsjlegtnkdycupja	417	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	418	1	Definition	definition	NN
work_3ehybzpqvbdsjlegtnkdycupja	418	2	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	418	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	418	4	Stability	stability	NN
work_3ehybzpqvbdsjlegtnkdycupja	418	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	418	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	419	1	An	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	419	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	419	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	419	4	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	419	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	419	6	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	419	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	419	8	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	419	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	419	10	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	419	11	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	419	12	its	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	419	13	correspond-	correspond-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	419	14	ing	ing	NN
work_3ehybzpqvbdsjlegtnkdycupja	419	15	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	419	16	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	419	17	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	419	18	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	419	19	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	419	20	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	419	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	419	22	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	419	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	419	24	fixed	fix	VBN
work_3ehybzpqvbdsjlegtnkdycupja	419	25	point	point	NN
work_3ehybzpqvbdsjlegtnkdycupja	419	26	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	419	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	419	28	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	419	29	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	419	30	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	419	31	function	function	NN
work_3ehybzpqvbdsjlegtnkdycupja	419	32	ψ(·)—that	ψ(·)—that	,
work_3ehybzpqvbdsjlegtnkdycupja	419	33	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	419	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	419	35	iff	iff	VB
work_3ehybzpqvbdsjlegtnkdycupja	419	36	its	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	419	37	corresponding	corresponding	JJ
work_3ehybzpqvbdsjlegtnkdycupja	419	38	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	419	39	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	419	40	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	419	41	satisfies	satisfy	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	419	42	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	419	43	inequality	inequality	NN
work_3ehybzpqvbdsjlegtnkdycupja	419	44	|ψ′(a1)|	|ψ′(a1)|	NNS
work_3ehybzpqvbdsjlegtnkdycupja	419	45	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	419	46	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	419	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	420	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	420	2	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	420	3	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	420	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	420	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	420	6	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	420	7	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	420	8	equilbria	equilbria	NNS
work_3ehybzpqvbdsjlegtnkdycupja	420	9	arise	arise	VBP
work_3ehybzpqvbdsjlegtnkdycupja	420	10	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	420	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	420	12	IIE	IIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	420	13	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	420	14	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	420	15	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	420	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	421	1	29	29	CD
work_3ehybzpqvbdsjlegtnkdycupja	421	2	On	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	421	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	421	4	contrary	contrary	NN
work_3ehybzpqvbdsjlegtnkdycupja	421	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	421	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	421	7	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	421	8	simulations	simulation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	421	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	421	10	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	421	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	421	12	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	421	13	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	421	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	422	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	422	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	422	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	422	4	behavior	behavior	NN
work_3ehybzpqvbdsjlegtnkdycupja	422	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	422	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	422	7	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	422	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	422	9	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	422	10	complex	complex	JJ
work_3ehybzpqvbdsjlegtnkdycupja	422	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	423	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	423	2	particular	particular	JJ
work_3ehybzpqvbdsjlegtnkdycupja	423	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	423	4	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	423	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	423	6	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	423	7	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	423	8	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	423	9	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	423	10	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	423	11	require	require	VBP
work_3ehybzpqvbdsjlegtnkdycupja	423	12	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	423	13	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	423	14	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	423	15	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	423	16	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	423	17	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	423	18	too	too	RB
work_3ehybzpqvbdsjlegtnkdycupja	423	19	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	423	20	precise	precise	JJ
work_3ehybzpqvbdsjlegtnkdycupja	423	21	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	423	22	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	423	23	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	423	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	423	25	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	423	26	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	423	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	424	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	424	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	424	3	extreme	extreme	JJ
work_3ehybzpqvbdsjlegtnkdycupja	424	4	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	424	5	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	424	6	τη	τη	NNP
work_3ehybzpqvbdsjlegtnkdycupja	424	7	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	424	8	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	424	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	424	10	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	424	11	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	424	12	formally	formally	RB
work_3ehybzpqvbdsjlegtnkdycupja	424	13	analyze	analyze	VB
work_3ehybzpqvbdsjlegtnkdycupja	424	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	424	15	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	424	16	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	424	17	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	424	18	mapping	mapping	NN
work_3ehybzpqvbdsjlegtnkdycupja	424	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	424	20	obtain	obtain	VB
work_3ehybzpqvbdsjlegtnkdycupja	424	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	424	22	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	424	23	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	424	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	425	1	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	425	2	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	425	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	426	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	426	2	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	426	3	=	=	NN
work_3ehybzpqvbdsjlegtnkdycupja	426	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	426	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	427	1	Then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	427	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	427	3	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	427	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	427	5	ψ	ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	427	6	′(a1	′(a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	427	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	427	8	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	427	9	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	427	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	427	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	427	12	ii	ii	LS
work_3ehybzpqvbdsjlegtnkdycupja	427	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	427	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	427	15	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	427	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	427	17	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	427	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	427	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	427	20	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	427	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	427	22	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	427	23	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	427	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	427	25	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	427	26	.	.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	427	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	427	28	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	427	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	427	30	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	427	31	respect	respect	NN
work_3ehybzpqvbdsjlegtnkdycupja	427	32	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	427	33	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	427	34	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	427	35	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	427	36	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	427	37	dynamics	dynamic	NNS
work_3ehybzpqvbdsjlegtnkdycupja	427	38	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	427	39	|ψ′(a∗∗∗1	|ψ′(a∗∗∗1	LS
work_3ehybzpqvbdsjlegtnkdycupja	427	40	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	427	41	|	|	CD
work_3ehybzpqvbdsjlegtnkdycupja	427	42	>	>	NN
work_3ehybzpqvbdsjlegtnkdycupja	427	43	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	427	44	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	427	45	|ψ	|ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	427	46	′(a∗1)|	′(a∗1)|	NNP
work_3ehybzpqvbdsjlegtnkdycupja	427	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	428	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	428	2	24	24	CD
work_3ehybzpqvbdsjlegtnkdycupja	428	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	428	4	Intuitively	intuitively	RB
work_3ehybzpqvbdsjlegtnkdycupja	428	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	428	6	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	428	7	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	428	8	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	428	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	428	10	much	much	RB
work_3ehybzpqvbdsjlegtnkdycupja	428	11	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	428	12	precise	precise	JJ
work_3ehybzpqvbdsjlegtnkdycupja	428	13	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	428	14	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	428	15	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	428	16	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	428	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	428	18	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	428	19	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	428	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	428	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	428	22	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	428	23	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	428	24	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	428	25	become	become	VBP
work_3ehybzpqvbdsjlegtnkdycupja	428	26	very	very	RB
work_3ehybzpqvbdsjlegtnkdycupja	428	27	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	428	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	429	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	429	2	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	429	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	429	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	429	5	approach	approach	VBP
work_3ehybzpqvbdsjlegtnkdycupja	429	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	429	7	situation	situation	NN
work_3ehybzpqvbdsjlegtnkdycupja	429	8	close	close	JJ
work_3ehybzpqvbdsjlegtnkdycupja	429	9	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	429	10	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	429	11	described	describe	VBN
work_3ehybzpqvbdsjlegtnkdycupja	429	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	429	13	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	429	14	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	429	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	429	16	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	429	17	makes	make	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	429	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	429	19	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	429	20	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	429	21	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	429	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	430	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	430	2	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	430	3	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	430	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	430	5	set	set	VBP
work_3ehybzpqvbdsjlegtnkdycupja	430	6	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	430	7	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	430	8	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	430	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	430	10	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	430	11	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	430	12	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	430	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	430	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	430	15	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	430	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	430	17	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	430	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	430	19	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	430	20	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	430	21	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	430	22	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	430	23	partition	partition	VBP
work_3ehybzpqvbdsjlegtnkdycupja	430	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	430	25	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	430	26	space	space	NN
work_3ehybzpqvbdsjlegtnkdycupja	430	27	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	430	28	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	430	29	×	×	NNP
work_3ehybzpqvbdsjlegtnkdycupja	430	30	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	430	31	|	|	NNP
work_3ehybzpqvbdsjlegtnkdycupja	430	32	τη	τη	JJ
work_3ehybzpqvbdsjlegtnkdycupja	430	33	∈{0	∈{0	NNP
work_3ehybzpqvbdsjlegtnkdycupja	430	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	430	35	.01	.01	NFP
work_3ehybzpqvbdsjlegtnkdycupja	430	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	430	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	431	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	432	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	433	1	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	433	2	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	433	3	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	433	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	433	5	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	433	6	∈{.01	∈{.01	NNP
work_3ehybzpqvbdsjlegtnkdycupja	433	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	433	8	.02	.02	NFP
work_3ehybzpqvbdsjlegtnkdycupja	433	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	433	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	434	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	435	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	436	1	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	436	2	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	436	3	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	436	4	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	436	5	into	into	IN
work_3ehybzpqvbdsjlegtnkdycupja	436	6	five	five	CD
work_3ehybzpqvbdsjlegtnkdycupja	436	7	regions	region	NNS
work_3ehybzpqvbdsjlegtnkdycupja	436	8	depending	depend	VBG
work_3ehybzpqvbdsjlegtnkdycupja	436	9	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	436	10	whether	whether	IN
work_3ehybzpqvbdsjlegtnkdycupja	436	11	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	436	12	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	436	13	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	436	14	instead	instead	RB
work_3ehybzpqvbdsjlegtnkdycupja	436	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	436	16	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	436	17	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	436	18	obtains	obtain	NNS
work_3ehybzpqvbdsjlegtnkdycupja	436	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	436	20	whether	whether	IN
work_3ehybzpqvbdsjlegtnkdycupja	436	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	436	22	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	436	23	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	436	24	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	436	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	436	26	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	436	27	whether	whether	IN
work_3ehybzpqvbdsjlegtnkdycupja	436	28	responses	response	NNS
work_3ehybzpqvbdsjlegtnkdycupja	436	29	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	436	30	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	436	31	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	436	32	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	436	33	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	436	34	substitutes	substitute	NNS
work_3ehybzpqvbdsjlegtnkdycupja	436	35	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	436	36	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	436	37	complements.30	complements.30	NNP
work_3ehybzpqvbdsjlegtnkdycupja	436	38	29This	29this	CD
work_3ehybzpqvbdsjlegtnkdycupja	436	39	claim	claim	NN
work_3ehybzpqvbdsjlegtnkdycupja	436	40	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	436	41	immediately	immediately	RB
work_3ehybzpqvbdsjlegtnkdycupja	436	42	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	436	43	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	436	44	inequality	inequality	NN
work_3ehybzpqvbdsjlegtnkdycupja	436	45	ψ(0	ψ(0	NNP
work_3ehybzpqvbdsjlegtnkdycupja	436	46	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	436	47	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	436	48	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	436	49	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	436	50	hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	436	51	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	436	52	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	436	53	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	436	54	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	436	55	mapping	mapping	NN
work_3ehybzpqvbdsjlegtnkdycupja	436	56	cuts	cut	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	436	57	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	436	58	45-degree	45-degree	CD
work_3ehybzpqvbdsjlegtnkdycupja	436	59	line	line	NN
work_3ehybzpqvbdsjlegtnkdycupja	436	60	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	436	61	below	below	RB
work_3ehybzpqvbdsjlegtnkdycupja	436	62	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	436	63	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	436	64	IIE	IIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	436	65	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	436	66	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	436	67	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	436	68	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	436	69	ψ′(a∗∗1	ψ′(a∗∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	436	70	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	436	71	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	436	72	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	436	73	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	437	1	30As	30as	CD
work_3ehybzpqvbdsjlegtnkdycupja	437	2	shown	show	VBN
work_3ehybzpqvbdsjlegtnkdycupja	437	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	437	4	Figure	Figure	NNP
work_3ehybzpqvbdsjlegtnkdycupja	437	5	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	437	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	437	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	437	8	responses	response	NNS
work_3ehybzpqvbdsjlegtnkdycupja	437	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	437	10	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	437	11	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	437	12	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	437	13	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	437	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	437	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	437	16	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	437	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	437	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	437	19	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	437	20	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	437	21	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	437	22	complements	complement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	437	23	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	437	24	substitutes	substitute	NNS
work_3ehybzpqvbdsjlegtnkdycupja	437	25	depending	depend	VBG
work_3ehybzpqvbdsjlegtnkdycupja	437	26	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	437	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	437	28	parameters	parameter	NNS
work_3ehybzpqvbdsjlegtnkdycupja	437	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	438	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	438	2	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	438	3	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	438	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	438	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	438	6	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	438	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	438	8	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	438	9	27	27	CD
work_3ehybzpqvbdsjlegtnkdycupja	438	10	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	438	11	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	438	12	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	438	13	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	438	14	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	438	15	set	set	VBN
work_3ehybzpqvbdsjlegtnkdycupja	438	16	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	438	17	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	438	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	438	19	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	438	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	438	21	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	438	22	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	438	23	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	438	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	438	25	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	438	26	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	438	27	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	438	28	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	438	29	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	438	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	438	31	τη	τη	NNP
work_3ehybzpqvbdsjlegtnkdycupja	438	32	∈{0	∈{0	NNP
work_3ehybzpqvbdsjlegtnkdycupja	438	33	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	438	34	.01	.01	NFP
work_3ehybzpqvbdsjlegtnkdycupja	438	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	438	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	439	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	440	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	441	1	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	441	2	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	441	3	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	441	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	441	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	441	6	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	441	7	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	441	8	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	441	9	.01	.01	NFP
work_3ehybzpqvbdsjlegtnkdycupja	441	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	441	11	.02	.02	NFP
work_3ehybzpqvbdsjlegtnkdycupja	441	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	441	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	442	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	443	1	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	444	1	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	444	2	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	444	3	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	444	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	445	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	445	2	black	black	JJ
work_3ehybzpqvbdsjlegtnkdycupja	445	3	line	line	NN
work_3ehybzpqvbdsjlegtnkdycupja	445	4	denotes	denote	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	445	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	445	6	set	set	NN
work_3ehybzpqvbdsjlegtnkdycupja	445	7	τη	τη	NNP
work_3ehybzpqvbdsjlegtnkdycupja	445	8	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	445	9	τε	τε	XX
work_3ehybzpqvbdsjlegtnkdycupja	445	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	446	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	446	2	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	446	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	446	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	446	5	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	446	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	446	7	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	446	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	446	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	446	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	446	11	white	white	JJ
work_3ehybzpqvbdsjlegtnkdycupja	446	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	446	13	yellow	yellow	JJ
work_3ehybzpqvbdsjlegtnkdycupja	446	14	regions	region	NNS
work_3ehybzpqvbdsjlegtnkdycupja	446	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	446	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	446	17	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	446	18	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	446	19	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	446	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	446	21	whereas	whereas	IN
work_3ehybzpqvbdsjlegtnkdycupja	446	22	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	446	23	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	446	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	446	25	ME	ME	NNP
work_3ehybzpqvbdsjlegtnkdycupja	446	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	446	27	obtain	obtain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	446	28	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	446	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	446	30	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	446	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	446	32	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	446	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	446	34	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	446	35	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	446	36	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	446	37	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	446	38	regions	region	NNS
work_3ehybzpqvbdsjlegtnkdycupja	446	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	446	40	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	446	41	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	446	42	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	446	43	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	446	44	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	446	45	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	446	46	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	446	47	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	446	48	depending	depending	NN
work_3ehybzpqvbdsjlegtnkdycupja	446	49	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	446	50	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	446	51	difference	difference	NN
work_3ehybzpqvbdsjlegtnkdycupja	446	52	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	446	53	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	446	54	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	446	55	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	446	56	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	447	1	Remark	Remark	NNP
work_3ehybzpqvbdsjlegtnkdycupja	447	2	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	447	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	448	1	What	what	WP
work_3ehybzpqvbdsjlegtnkdycupja	448	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	448	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	448	4	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	448	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	448	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	448	7	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	448	8	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	448	9	parameter	parameter	VB
work_3ehybzpqvbdsjlegtnkdycupja	448	10	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	448	11	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	448	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	448	13	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	448	14	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	448	15	equilib-	equilib-	XX
work_3ehybzpqvbdsjlegtnkdycupja	448	16	rium	rium	NN
work_3ehybzpqvbdsjlegtnkdycupja	448	17	?	?	.
work_3ehybzpqvbdsjlegtnkdycupja	449	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	449	2	answer	answer	NN
work_3ehybzpqvbdsjlegtnkdycupja	449	3	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	449	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	449	5	question	question	NN
work_3ehybzpqvbdsjlegtnkdycupja	449	6	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	449	7	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	449	8	whether	whether	IN
work_3ehybzpqvbdsjlegtnkdycupja	449	9	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	449	10	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	449	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	449	12	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	449	13	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	449	14	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	449	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	449	16	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	449	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	449	18	Online	Online	NNP
work_3ehybzpqvbdsjlegtnkdycupja	449	19	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	449	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	449	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	450	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	450	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	450	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	450	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	450	5	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	450	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	450	7	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	450	8	easily	easily	RB
work_3ehybzpqvbdsjlegtnkdycupja	450	9	generate	generate	VB
work_3ehybzpqvbdsjlegtnkdycupja	450	10	non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	450	11	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	450	12	monotonic	monotonic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	450	13	effects	effect	NNS
work_3ehybzpqvbdsjlegtnkdycupja	450	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	450	15	exogenous	exogenous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	450	16	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	450	17	changes	change	NNS
work_3ehybzpqvbdsjlegtnkdycupja	450	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	450	19	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	450	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	450	21	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	450	22	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	450	23	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	450	24	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	450	25	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	450	26	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	450	27	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	450	28	toler-	toler-	NN
work_3ehybzpqvbdsjlegtnkdycupja	450	29	ance	ance	NN
work_3ehybzpqvbdsjlegtnkdycupja	450	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	450	31	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	450	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	450	33	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	450	34	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	450	35	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	450	36	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	450	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	450	38	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	450	39	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	450	40	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	450	41	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	450	42	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	450	43	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	450	44	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	450	45	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	450	46	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	450	47	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	450	48	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	450	49	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	450	50	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	451	1	These	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	451	2	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	451	3	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	451	4	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	451	5	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	451	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	451	7	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	451	8	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	451	9	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	451	10	induce	induce	VB
work_3ehybzpqvbdsjlegtnkdycupja	451	11	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	451	12	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	451	13	coordinate	coordinate	VB
work_3ehybzpqvbdsjlegtnkdycupja	451	14	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	451	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	451	16	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	451	17	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	451	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	452	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	452	2	instance	instance	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	452	4	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	452	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	452	6	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	452	7	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	452	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	452	9	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	452	10	decrease	decrease	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	452	12	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	452	13	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	14	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	15	produces	produce	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	452	16	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	452	17	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	452	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	452	20	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	21	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	22	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	452	23	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	452	24	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	452	26	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	452	27	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	28	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	452	29	as	as	RB
work_3ehybzpqvbdsjlegtnkdycupja	452	30	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	452	31	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	452	32	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	452	33	decline	decline	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	34	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	452	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	452	36	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	452	37	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	38	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	452	39	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	452	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	452	41	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	452	42	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	452	43	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	44	shifting	shift	VBG
work_3ehybzpqvbdsjlegtnkdycupja	452	45	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	452	46	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	452	47	initial	initial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	452	48	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	452	49	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	452	50	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	452	51	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	452	52	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	453	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	453	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	453	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	453	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	453	5	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	453	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	453	7	numerical	numerical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	453	8	simulations	simulation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	453	9	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	453	10	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	453	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	453	12	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	453	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	453	14	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	453	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	453	16	mild	mild	JJ
work_3ehybzpqvbdsjlegtnkdycupja	453	17	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	453	18	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	453	19	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	453	20	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	453	21	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	453	22	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	453	23	how	how	WRB
work_3ehybzpqvbdsjlegtnkdycupja	453	24	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	453	25	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	453	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	453	27	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	453	28	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	453	29	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	453	30	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	453	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	454	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	454	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	454	3	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	454	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	454	5	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	454	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	454	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	454	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	454	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	454	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	454	11	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	454	12	converges	converge	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	454	13	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	454	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	454	15	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	454	16	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	454	17	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	454	18	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	454	19	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	454	20	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	454	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	454	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	454	23	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	454	24	oscillates	oscillate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	454	25	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	454	26	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	454	27	nonequilibrium	nonequilibrium	JJ
work_3ehybzpqvbdsjlegtnkdycupja	454	28	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	454	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	455	1	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	455	2	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	455	3	likely	likely	JJ
work_3ehybzpqvbdsjlegtnkdycupja	455	4	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	455	5	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	455	6	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	455	7	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	455	8	at	at	RB
work_3ehybzpqvbdsjlegtnkdycupja	455	9	least	least	RBS
work_3ehybzpqvbdsjlegtnkdycupja	455	10	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	455	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	455	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	455	13	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	455	14	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	455	15	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	455	16	display	display	VB
work_3ehybzpqvbdsjlegtnkdycupja	455	17	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	455	18	complementarities	complementarity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	455	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	456	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	456	2	instance	instance	NN
work_3ehybzpqvbdsjlegtnkdycupja	456	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	456	4	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	456	5	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	456	6	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	456	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	456	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	456	9	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	456	10	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	456	11	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	456	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	456	13	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	456	14	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	456	15	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	456	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	456	17	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	456	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	456	19	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	456	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	456	21	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	456	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	456	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	456	24	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	456	25	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	456	26	2.5	2.5	CD
work_3ehybzpqvbdsjlegtnkdycupja	456	27	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	456	28	obtain	obtain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	456	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	456	30	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	456	31	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	456	32	1,a	1,a	CD
work_3ehybzpqvbdsjlegtnkdycupja	456	33	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	456	34	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	456	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	456	36	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	456	37	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	456	38	3.32	3.32	CD
work_3ehybzpqvbdsjlegtnkdycupja	456	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	456	40	4.8	4.8	CD
work_3ehybzpqvbdsjlegtnkdycupja	456	41	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	456	42	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	456	43	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	456	44	ψ′(a∗1),ψ	ψ′(a∗1),ψ	NN
work_3ehybzpqvbdsjlegtnkdycupja	456	45	′(a∗∗∗1	′(a∗∗∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	456	46	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	456	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	456	48	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	456	49	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	456	50	−0.4,−0.23	−0.4,−0.23	UH
work_3ehybzpqvbdsjlegtnkdycupja	456	51	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	456	52	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	457	1	Increasing	increase	VBG
work_3ehybzpqvbdsjlegtnkdycupja	457	2	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	457	3	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	457	4	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	457	5	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	457	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	457	7	a∗1,a∗∗∗1	a∗1,a∗∗∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	457	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	457	9	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	457	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	457	11	3.34	3.34	CD
work_3ehybzpqvbdsjlegtnkdycupja	457	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	457	13	4.73	4.73	CD
work_3ehybzpqvbdsjlegtnkdycupja	457	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	457	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	457	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	457	17	ψ′(a∗1),ψ	ψ′(a∗1),ψ	NN
work_3ehybzpqvbdsjlegtnkdycupja	457	18	′(a∗∗∗1	′(a∗∗∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	457	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	457	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	457	21	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	457	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	457	23	−0.32	−0.32	NNP
work_3ehybzpqvbdsjlegtnkdycupja	457	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	457	25	0.03	0.03	CD
work_3ehybzpqvbdsjlegtnkdycupja	457	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	457	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	458	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	458	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	458	3	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	458	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	458	5	further	further	RB
work_3ehybzpqvbdsjlegtnkdycupja	458	6	increase	increase	VBP
work_3ehybzpqvbdsjlegtnkdycupja	458	7	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	458	8	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	458	9	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	458	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	458	11	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	458	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	458	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	458	14	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	458	15	8)	8)	CD
work_3ehybzpqvbdsjlegtnkdycupja	458	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	458	17	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	458	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	458	19	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	458	20	disappears	disappear	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	458	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	458	22	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	458	23	obtain	obtain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	458	24	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	458	25	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	458	26	3.44	3.44	CD
work_3ehybzpqvbdsjlegtnkdycupja	458	27	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	458	28	ψ	ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	458	29	′(a∗1	′(a∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	458	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	458	31	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	458	32	−0.05	−0.05	NNP
work_3ehybzpqvbdsjlegtnkdycupja	458	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	458	34	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	458	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	458	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	458	37	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	458	38	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	458	39	3.59	3.59	CD
work_3ehybzpqvbdsjlegtnkdycupja	458	40	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	458	41	ψ	ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	458	42	′(a∗1	′(a∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	458	43	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	458	44	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	458	45	0.25	0.25	CD
work_3ehybzpqvbdsjlegtnkdycupja	458	46	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	458	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	459	1	28	28	CD
work_3ehybzpqvbdsjlegtnkdycupja	459	2	E	e	NN
work_3ehybzpqvbdsjlegtnkdycupja	459	3	Equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	459	4	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	459	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	459	6	limits	limit	NNS
work_3ehybzpqvbdsjlegtnkdycupja	459	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	459	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	459	9	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	459	10	Contest	Contest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	459	11	anal-	anal-	NN
work_3ehybzpqvbdsjlegtnkdycupja	459	12	ogy	ogy	NN
work_3ehybzpqvbdsjlegtnkdycupja	459	13	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	459	14	characterize	characterize	VBP
work_3ehybzpqvbdsjlegtnkdycupja	459	15	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	459	16	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	459	17	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	459	18	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	459	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	460	1	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	460	2	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	460	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	461	1	At	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	461	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	461	3	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	461	4	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	461	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	461	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	461	7	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	461	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	461	9	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	461	10	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	461	11	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	461	12	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	461	13	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	461	14	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	461	15	X1(si	x1(si	NN
work_3ehybzpqvbdsjlegtnkdycupja	461	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	461	17	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	461	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	461	19	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	461	20	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	461	21	αE1	αE1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	461	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	461	23	Ei1[v	ei1[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	461	24	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	461	25	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	461	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	461	27	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	461	28	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	461	29	−αE1	−αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	461	30	αE1	αe1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	461	31	E1[θ1	e1[θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	461	32	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	461	33	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	461	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	461	35	25	25	CD
work_3ehybzpqvbdsjlegtnkdycupja	461	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	461	37	X2(si	X2(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	461	38	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	461	39	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	461	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	461	41	p1,p2	p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	461	42	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	461	43	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	461	44	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	461	45	αE2	αE2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	461	46	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	461	47	Ei2[v	ei2[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	461	48	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	461	49	−p2	−p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	461	50	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	461	51	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	462	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	462	2	26	26	CD
work_3ehybzpqvbdsjlegtnkdycupja	462	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	462	4	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	462	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	462	6	event	event	NN
work_3ehybzpqvbdsjlegtnkdycupja	462	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	462	8	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	462	9	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	462	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	462	11	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	462	12	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	462	13	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	462	14			NN
work_3ehybzpqvbdsjlegtnkdycupja	462	15	a	a	NNS
work_3ehybzpqvbdsjlegtnkdycupja	462	16	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	462	17	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	462	18	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	462	19	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	462	20	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	462	21	αE1	αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	462	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	462	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	462	24	∂xi2/∂p2	∂xi2/∂p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	462	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	462	26	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	462	27	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	462	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	462	29	Covi1[v	Covi1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	462	30	−p2,p2	−p2,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	462	31	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	462	32	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	462	33	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	462	34	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	462	35	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	462	36	a∗∗1	a∗∗1	CD
work_3ehybzpqvbdsjlegtnkdycupja	462	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	462	38	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	462	39	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	462	40	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	462	41	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	462	42	αP1	αP1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	462	43	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	462	44	αE1	αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	462	45	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	462	46	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	462	47	∂xi2/∂p2	∂xi2/∂p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	462	48	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	462	49	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	462	50	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	462	51	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	462	52	Covi1[v	Covi1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	462	53	−p2,p2	−p2,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	462	54	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	462	55	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	462	56	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	462	57	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	462	58	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	463	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	463	2	27	27	CD
work_3ehybzpqvbdsjlegtnkdycupja	463	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	463	4	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	463	5	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	463	6	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	463	7	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	463	8	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	463	9	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	463	10	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	463	11	αE1	αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	463	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	463	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	463	14	∂xi2/∂p2	∂xi2/∂p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	463	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	463	16	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	463	17	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	463	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	463	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	463	20	Covi1[v	Covi1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	463	21	−p2,p2	−p2,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	463	22	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	463	23	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	463	24	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	463	25	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	463	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	464	1	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	464	2	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	464	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	464	4	26	26	CD
work_3ehybzpqvbdsjlegtnkdycupja	464	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	464	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	464	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	464	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	464	9	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	464	10	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	464	11	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	464	12	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	464	13	behaves	behave	NNS
work_3ehybzpqvbdsjlegtnkdycupja	464	14	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	464	15	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	464	16	he	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	464	17	were	be	VBD
work_3ehybzpqvbdsjlegtnkdycupja	464	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	464	19	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	464	20	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	464	21	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	464	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	465	1	So	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	465	2	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	465	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	465	4	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	465	5	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	465	6	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	465	7	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	465	8	loads	load	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	465	9	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	465	10	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	465	11	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	465	12	anticipating	anticipate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	465	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	465	14	second-	second-	NN
work_3ehybzpqvbdsjlegtnkdycupja	465	15	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	465	16	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	465	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	465	18	scaling	scale	VBG
work_3ehybzpqvbdsjlegtnkdycupja	465	19	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	465	20	down	down	RP
work_3ehybzpqvbdsjlegtnkdycupja	465	21	according	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	465	22	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	465	23	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	465	24	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	465	25	regarding	regard	VBG
work_3ehybzpqvbdsjlegtnkdycupja	465	26	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	465	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	465	28	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	465	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	465	30	19	19	CD
work_3ehybzpqvbdsjlegtnkdycupja	465	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	465	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	465	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	466	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	466	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	466	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	466	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	466	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	466	6	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	466	7	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	466	8	strategy	strategy	NN
work_3ehybzpqvbdsjlegtnkdycupja	466	9	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	466	10	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	466	11	expressed	express	VBN
work_3ehybzpqvbdsjlegtnkdycupja	466	12	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	466	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	466	14	sum	sum	NN
work_3ehybzpqvbdsjlegtnkdycupja	466	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	466	16	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	466	17	components	component	NNS
work_3ehybzpqvbdsjlegtnkdycupja	466	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	466	19	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	466	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	466	21	25	25	CD
work_3ehybzpqvbdsjlegtnkdycupja	466	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	466	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	466	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	467	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	467	2	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	467	3	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	467	4	captures	capture	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	467	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	467	6	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	467	7	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	467	8	activity	activity	NN
work_3ehybzpqvbdsjlegtnkdycupja	467	9	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	467	10	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	467	11	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	467	12	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	467	13	estimation	estimation	NN
work_3ehybzpqvbdsjlegtnkdycupja	467	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	467	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	467	16	difference	difference	NN
work_3ehybzpqvbdsjlegtnkdycupja	467	17	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	467	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	467	19	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	467	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	467	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	467	22	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	467	23	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	467	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	468	1	Such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	468	2	activity	activity	NN
work_3ehybzpqvbdsjlegtnkdycupja	468	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	468	4	akin	akin	JJ
work_3ehybzpqvbdsjlegtnkdycupja	468	5	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	468	6	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	468	7	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	468	8	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	468	9	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	468	10	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	468	11	speculative	speculative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	468	12	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	468	13	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	468	14	aims	aim	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	468	15	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	468	16	take	take	VB
work_3ehybzpqvbdsjlegtnkdycupja	468	17	advantage	advantage	NN
work_3ehybzpqvbdsjlegtnkdycupja	468	18	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	468	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	468	20	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	468	21	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	468	22	superior	superior	JJ
work_3ehybzpqvbdsjlegtnkdycupja	468	23	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	468	24	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	468	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	468	26	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	468	27	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	468	28	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	468	29	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	468	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	468	31	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	468	32	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	468	33	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	468	34	correlated	correlate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	468	35	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	468	36	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	468	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	468	38	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	469	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	469	2	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	469	3	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	469	4	captures	capture	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	469	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	469	6	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	469	7	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	469	8	activity	activity	NN
work_3ehybzpqvbdsjlegtnkdycupja	469	9	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	469	10	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	469	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	469	12	extraction	extraction	NN
work_3ehybzpqvbdsjlegtnkdycupja	469	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	469	14	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	469	15	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	469	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	469	17	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	469	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	469	19	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	469	20	flow	flow	NN
work_3ehybzpqvbdsjlegtnkdycupja	469	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	469	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	470	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	470	2	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	470	3	instead	instead	RB
work_3ehybzpqvbdsjlegtnkdycupja	470	4	aims	aim	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	470	5	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	470	6	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	470	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	470	8	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	470	9	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	470	10	exploiting	exploit	VBG
work_3ehybzpqvbdsjlegtnkdycupja	470	11	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	470	12	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	470	13	run	run	NN
work_3ehybzpqvbdsjlegtnkdycupja	470	14	movements	movement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	470	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	470	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	470	17	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	470	18	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	470	19	related	relate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	470	20	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	470	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	470	22	evolution	evolution	NN
work_3ehybzpqvbdsjlegtnkdycupja	470	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	470	24	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	470	25	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	470	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	471	1	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	471	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	471	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	471	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	471	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	471	6	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	471	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	471	8	closer	close	JJR
work_3ehybzpqvbdsjlegtnkdycupja	471	9	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	471	10	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	471	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	472	1	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	472	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	472	3	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	472	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	472	5	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	472	6	observing	observe	VBG
work_3ehybzpqvbdsjlegtnkdycupja	472	7	E1[θ1	e1[θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	472	8	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	472	9	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	472	10	a1(v	a1(v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	472	11	−E1[v	−E1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	472	12	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	472	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	472	14	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	472	15	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	472	16	>	>	NN
work_3ehybzpqvbdsjlegtnkdycupja	472	17	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	472	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	472	19	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	472	20	infers	infer	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	472	21	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	472	22	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	472	23	realization	realization	NN
work_3ehybzpqvbdsjlegtnkdycupja	472	24	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	472	25	mainly	mainly	RB
work_3ehybzpqvbdsjlegtnkdycupja	472	26	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	472	27	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	472	28	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	472	29	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	472	30	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	472	31	he	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	472	32	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	472	33	goes	go	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	472	34	long	long	RB
work_3ehybzpqvbdsjlegtnkdycupja	472	35	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	472	36	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	472	37	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	472	38	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	472	39	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	472	40	chasing	chase	VBG
work_3ehybzpqvbdsjlegtnkdycupja	472	41	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	472	42	trend	trend	NN
work_3ehybzpqvbdsjlegtnkdycupja	472	43	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	472	44	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	473	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	473	2	behavior	behavior	NN
work_3ehybzpqvbdsjlegtnkdycupja	473	3	reflects	reflect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	473	4	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	473	5	anticipa-	anticipa-	NN
work_3ehybzpqvbdsjlegtnkdycupja	473	6	tion	tion	NN
work_3ehybzpqvbdsjlegtnkdycupja	473	7	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	473	8	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	473	9	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	473	10	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	473	11	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	473	12	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	473	13	bid	bid	VB
work_3ehybzpqvbdsjlegtnkdycupja	473	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	473	15	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	473	16	up	up	RP
work_3ehybzpqvbdsjlegtnkdycupja	473	17	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	473	18	he	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	473	19	unwinds	unwind	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	473	20	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	473	21	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	473	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	473	23	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	473	24	implied	imply	VBN
work_3ehybzpqvbdsjlegtnkdycupja	473	25	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	473	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	473	27	sign	sign	NN
work_3ehybzpqvbdsjlegtnkdycupja	473	28	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	473	29	Covi1[v−p2,p2−p1	Covi1[v−p2,p2−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	473	30	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	473	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	474	1	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	474	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	474	3	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	474	4	Keynesian	keynesian	JJ
work_3ehybzpqvbdsjlegtnkdycupja	474	5	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	474	6	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	474	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	474	8	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	474	9	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	474	10	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	474	11	more	more	JJR
work_3ehybzpqvbdsjlegtnkdycupja	474	12	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	474	13	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	474	14	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	474	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	474	16	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	474	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	474	18	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	474	19	acts	act	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	474	20	instead	instead	RB
work_3ehybzpqvbdsjlegtnkdycupja	474	21	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	474	22	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	474	23	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	474	24	contrarian	contrarian	JJ
work_3ehybzpqvbdsjlegtnkdycupja	474	25	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	474	26	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	474	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	475	1	29	29	CD
work_3ehybzpqvbdsjlegtnkdycupja	475	2	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	475	3	observation	observation	NN
work_3ehybzpqvbdsjlegtnkdycupja	475	4	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	475	5	suggests	suggest	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	475	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	475	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	475	8	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	475	9	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	475	10	behavior	behavior	NN
work_3ehybzpqvbdsjlegtnkdycupja	475	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	475	12	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	475	13	in-	in-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	475	14	vestors	vestor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	475	15	differs	differ	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	475	16	across	across	IN
work_3ehybzpqvbdsjlegtnkdycupja	475	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	475	18	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	475	19	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	475	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	476	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	476	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	476	3	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	476	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	476	5	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	476	6	trade	trade	VBP
work_3ehybzpqvbdsjlegtnkdycupja	476	7	less	less	RBR
work_3ehybzpqvbdsjlegtnkdycupja	476	8	aggressively	aggressively	RB
work_3ehybzpqvbdsjlegtnkdycupja	476	9	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	476	10	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	476	11	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	476	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	476	13	thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	476	14	exploit	exploit	VBP
work_3ehybzpqvbdsjlegtnkdycupja	476	15	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	476	16	aggressively	aggressively	RB
work_3ehybzpqvbdsjlegtnkdycupja	476	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	476	18	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	476	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	476	20	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	476	21	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	476	22	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	476	23	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	476	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	477	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	477	2	opposite	opposite	JJ
work_3ehybzpqvbdsjlegtnkdycupja	477	3	occurs	occur	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	477	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	477	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	477	6	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	477	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	477	8	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	477	9	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	477	10	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	477	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	477	12	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	477	13	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	477	14	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	477	15	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	477	16	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	477	17	relatively	relatively	RB
work_3ehybzpqvbdsjlegtnkdycupja	477	18	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	477	19	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	477	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	478	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	478	2	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	478	3	demonstrate	demonstrate	VB
work_3ehybzpqvbdsjlegtnkdycupja	478	4	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	478	5	claims	claim	NNS
work_3ehybzpqvbdsjlegtnkdycupja	478	6	formally	formally	RB
work_3ehybzpqvbdsjlegtnkdycupja	478	7	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	478	8	evaluating	evaluate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	478	9	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	478	10	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	478	11	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	478	12	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	478	13	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	478	14	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	15	aggregate	aggregate	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	16	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	17	∫	∫	:
work_3ehybzpqvbdsjlegtnkdycupja	478	18	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	478	19	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	478	20	X1(si	x1(si	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	478	22	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	24	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	25	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	478	26	X1(v	x1(v	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	478	28	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	478	31	X1(v	x1(v	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	478	33	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	35	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	478	36	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	37	αE1	αE1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	38	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	39	Ē1[v	ē1[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	40	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	41	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	42	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	43	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	478	44	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	45	−αE1	−αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	478	46	αE1	αe1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	478	47	E1[θ1	E1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	48	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	49	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	478	50	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	51	28	28	CD
work_3ehybzpqvbdsjlegtnkdycupja	478	52	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	53	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	478	54	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	478	55	computing	compute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	478	56	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	478	57	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	478	58	covariances	covariance	NNS
work_3ehybzpqvbdsjlegtnkdycupja	478	59	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	478	60	Cov	Cov	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	61	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	62	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	63	αE1	αE1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	64	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	65	Ē1[v	ē1[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	66	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	67	−p1),θ1	−p1),θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	68	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	69	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	478	70	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	71	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	72	a21	a21	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	73	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	74	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	478	75	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	76	αE1	αe1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	478	77	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	78	τ1τu	τ1τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	79	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	80	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	478	81	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	478	82	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	83	29a	29a	CD
work_3ehybzpqvbdsjlegtnkdycupja	478	84	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	85	Cov	Cov	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	86	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	87	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	88	−αE1	−αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	478	89	αE1	αe1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	478	90	E1[θ1],θ1	E1[θ1],θ1	.
work_3ehybzpqvbdsjlegtnkdycupja	478	91	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	92	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	478	93	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	94	−αE1	−αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	478	95	αE1	αe1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	478	96	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	97	τ1τu	τ1τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	98			NNS
work_3ehybzpqvbdsjlegtnkdycupja	478	99			XX
work_3ehybzpqvbdsjlegtnkdycupja	478	100	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	478	101	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	478	102	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	103	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	478	104	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	478	105	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	478	106	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	107	29b	29b	LS
work_3ehybzpqvbdsjlegtnkdycupja	478	108	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	109	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	478	110	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	478	111	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	478	112	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	478	113	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	114	speculative	speculative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	478	115	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	116	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	478	117	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	478	118	negatively	negatively	RB
work_3ehybzpqvbdsjlegtnkdycupja	478	119	correlated	correlate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	478	120	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	478	121	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	478	122	noise	noise	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	123	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	478	124	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	125	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	478	126	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	127	29a	29a	CD
work_3ehybzpqvbdsjlegtnkdycupja	478	128	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	129	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	478	130	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	479	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	479	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	479	3	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	479	4	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	479	5	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	479	6	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	479	7	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	479	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	479	9	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	479	10	correlation	correlation	NN
work_3ehybzpqvbdsjlegtnkdycupja	479	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	479	12	observed	observe	VBN
work_3ehybzpqvbdsjlegtnkdycupja	479	13	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	479	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	479	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	479	16	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	479	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	479	18	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	479	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	479	20	29b	29b	NNS
work_3ehybzpqvbdsjlegtnkdycupja	479	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	479	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	479	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	480	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	480	2	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	480	3	words	word	NNS
work_3ehybzpqvbdsjlegtnkdycupja	480	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	480	5	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	480	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	480	7	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	480	8	noise	noise	NN
work_3ehybzpqvbdsjlegtnkdycupja	480	9	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	480	10	realization	realization	NN
work_3ehybzpqvbdsjlegtnkdycupja	480	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	480	12	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	480	13	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	480	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	480	15	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	480	16	speculate	speculate	NN
work_3ehybzpqvbdsjlegtnkdycupja	480	17	against	against	IN
work_3ehybzpqvbdsjlegtnkdycupja	480	18	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	480	19	according	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	480	20	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	480	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	480	22	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	480	23	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	480	24	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	480	25	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	480	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	480	27	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	480	28	strategy	strategy	NN
work_3ehybzpqvbdsjlegtnkdycupja	480	29	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	480	30	apparently	apparently	RB
work_3ehybzpqvbdsjlegtnkdycupja	480	31	trading	trade	VBG
work_3ehybzpqvbdsjlegtnkdycupja	480	32	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	480	33	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	480	34	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	480	35	according	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	480	36	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	480	37	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	480	38	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	480	39	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	480	40	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	480	41	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	480	42	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	481	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	481	2	intuition	intuition	NN
work_3ehybzpqvbdsjlegtnkdycupja	481	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	481	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	481	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	481	6	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	481	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	481	8	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	481	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	481	10	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	481	11	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	481	12	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	481	13	aggressively	aggressively	RB
work_3ehybzpqvbdsjlegtnkdycupja	481	14	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	481	15	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	481	16	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	481	17	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	481	18	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	481	19	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	481	20	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	481	21	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	481	22	offset	offset	VB
work_3ehybzpqvbdsjlegtnkdycupja	481	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	481	24	initial	initial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	481	25	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	481	26	deviation	deviation	NN
work_3ehybzpqvbdsjlegtnkdycupja	481	27	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	481	28	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	481	29	generated	generate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	481	30	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	481	31	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	481	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	482	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	482	2	example	example	NN
work_3ehybzpqvbdsjlegtnkdycupja	482	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	482	4	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	482	5	θ1	θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	482	6	>	>	FW
work_3ehybzpqvbdsjlegtnkdycupja	482	7	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	482	8	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	482	9	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	482	10	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	482	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	482	12	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	482	13	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	482	14	aggressively	aggressively	RB
work_3ehybzpqvbdsjlegtnkdycupja	482	15	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	482	16	its	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	482	17	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	482	18	undershoots	undershoot	NNS
work_3ehybzpqvbdsjlegtnkdycupja	482	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	482	20	fundamentals.31	fundamentals.31	NNP
work_3ehybzpqvbdsjlegtnkdycupja	482	21	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	482	22	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	482	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	482	24	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	482	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	482	26	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	482	27	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	482	28	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	482	29	profitable	profitable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	482	30	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	482	31	purchase	purchase	VB
work_3ehybzpqvbdsjlegtnkdycupja	482	32	shares	share	NNS
work_3ehybzpqvbdsjlegtnkdycupja	482	33	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	482	34	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	482	35	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	482	36	flow	flow	NN
work_3ehybzpqvbdsjlegtnkdycupja	482	37	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	482	38	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	483	1	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	483	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	483	3	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	483	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	483	5	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	483	6	trade	trade	VBP
work_3ehybzpqvbdsjlegtnkdycupja	483	7	less	less	RBR
work_3ehybzpqvbdsjlegtnkdycupja	483	8	aggressively	aggressively	RB
work_3ehybzpqvbdsjlegtnkdycupja	483	9	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	483	10	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	483	11	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	483	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	483	13	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	483	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	483	15	covariances	covariance	NNS
work_3ehybzpqvbdsjlegtnkdycupja	483	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	483	17	both	both	CC
work_3ehybzpqvbdsjlegtnkdycupja	483	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	483	19	long-	long-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	483	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	483	21	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	483	22	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	483	23	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	483	24	components	component	NNS
work_3ehybzpqvbdsjlegtnkdycupja	483	25	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	483	26	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	483	27	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	483	28	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	483	29	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	483	30	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	483	31	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	483	32	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	483	33	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	483	34	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	483	35	concordant	concordant	NN
work_3ehybzpqvbdsjlegtnkdycupja	483	36	signs	sign	NNS
work_3ehybzpqvbdsjlegtnkdycupja	483	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	484	1	Remark	Remark	NNP
work_3ehybzpqvbdsjlegtnkdycupja	484	2	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	484	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	485	1	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	485	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	485	3	interesting	interesting	JJ
work_3ehybzpqvbdsjlegtnkdycupja	485	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	485	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	485	6	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	485	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	485	8	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	485	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	485	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	485	11	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	485	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	485	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	485	14	Giffen	Giffen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	485	15	good	good	NN
work_3ehybzpqvbdsjlegtnkdycupja	485	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	485	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	485	18	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	485	19	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	485	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	485	21	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	485	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	485	23	27	27	CD
work_3ehybzpqvbdsjlegtnkdycupja	485	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	485	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	485	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	486	1	Differentiating	differentiate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	486	2	xi2	xi2	NN
work_3ehybzpqvbdsjlegtnkdycupja	486	3	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	486	4	respect	respect	NN
work_3ehybzpqvbdsjlegtnkdycupja	486	5	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	486	6	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	486	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	486	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	486	9	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	486	10	break	break	VB
work_3ehybzpqvbdsjlegtnkdycupja	486	11	down	down	RP
work_3ehybzpqvbdsjlegtnkdycupja	486	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	486	13	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	486	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	486	15	31We	31We	NNP
work_3ehybzpqvbdsjlegtnkdycupja	486	16	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	486	17	prove	prove	VB
work_3ehybzpqvbdsjlegtnkdycupja	486	18	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	486	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	486	20	29a	29a	CD
work_3ehybzpqvbdsjlegtnkdycupja	486	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	486	22	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	486	23	larger	large	JJR
work_3ehybzpqvbdsjlegtnkdycupja	486	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	486	25	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	486	26	absolute	absolute	JJ
work_3ehybzpqvbdsjlegtnkdycupja	486	27	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	486	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	486	29	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	486	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	486	31	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	486	32	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	486	33	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	486	34	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	486	35	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	486	36	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	486	37	τη	τη	FW
work_3ehybzpqvbdsjlegtnkdycupja	486	38	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	486	39	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	486	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	486	41	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	486	42	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	486	43	numerical	numerical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	486	44	simulations	simulation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	486	45	indicate	indicate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	486	46	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	486	47	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	486	48	difference	difference	NN
work_3ehybzpqvbdsjlegtnkdycupja	486	49	holds	hold	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	486	50	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	486	51	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	486	52	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	486	53	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	486	54	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	486	55	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	487	1	30	30	CD
work_3ehybzpqvbdsjlegtnkdycupja	487	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	487	3	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	487	4	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	487	5	into	into	IN
work_3ehybzpqvbdsjlegtnkdycupja	487	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	487	7	substitution	substitution	NN
work_3ehybzpqvbdsjlegtnkdycupja	487	8	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	487	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	487	10	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	487	11	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	487	12	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	487	13	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	487	14	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	487	15	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	487	16	∂X2(si	∂x2(si	CD
work_3ehybzpqvbdsjlegtnkdycupja	487	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	487	18	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	487	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	487	20	p1,p2	p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	487	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	487	22	∂p2	∂p2	.
work_3ehybzpqvbdsjlegtnkdycupja	487	23	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	487	24	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	487	25	αE2	αE2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	487	26			NNP
work_3ehybzpqvbdsjlegtnkdycupja	487	27			NNP
work_3ehybzpqvbdsjlegtnkdycupja	487	28	∂Ei2[v]∂p2︸	∂Ei2[v]∂p2︸	NNP
work_3ehybzpqvbdsjlegtnkdycupja	487	29	︷︷	︷︷	NNP
work_3ehybzpqvbdsjlegtnkdycupja	487	30	︸	︸	NNP
work_3ehybzpqvbdsjlegtnkdycupja	487	31	Information	Information	NNP
work_3ehybzpqvbdsjlegtnkdycupja	487	32	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	487	33	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	487	34	1︸︷︷︸	1︸︷︷︸	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	487	35	Substitution	substitution	NN
work_3ehybzpqvbdsjlegtnkdycupja	487	36	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	487	37			CD
work_3ehybzpqvbdsjlegtnkdycupja	487	38			JJ
work_3ehybzpqvbdsjlegtnkdycupja	487	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	488	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	488	2	30	30	CD
work_3ehybzpqvbdsjlegtnkdycupja	488	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	488	4	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	488	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	488	6	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	488	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	488	8	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	488	9	rely	rely	VBP
work_3ehybzpqvbdsjlegtnkdycupja	488	10	strongly	strongly	RB
work_3ehybzpqvbdsjlegtnkdycupja	488	11	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	488	12	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	488	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	488	14	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	488	15	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	488	16	extremely	extremely	RB
work_3ehybzpqvbdsjlegtnkdycupja	488	17	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	488	18	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	488	19	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	488	20	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	488	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	489	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	489	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	489	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	489	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	489	6	substitution	substitution	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	7	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	489	9	swamped	swamp	VBN
work_3ehybzpqvbdsjlegtnkdycupja	489	10	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	489	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	489	12	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	13	effect.32	effect.32	NNP
work_3ehybzpqvbdsjlegtnkdycupja	489	14	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	489	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	489	16	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	489	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	489	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	489	19	opposite	opposite	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	20	happens	happen	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	489	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	489	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	489	23	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	24	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	489	25	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	489	26	normal	normal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	489	27	good	good	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	28	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	489	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	489	30	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	489	31	period.33	period.33	NNP
work_3ehybzpqvbdsjlegtnkdycupja	489	32	Giffen	Giffen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	489	33	goods	good	NNS
work_3ehybzpqvbdsjlegtnkdycupja	489	34	often	often	RB
work_3ehybzpqvbdsjlegtnkdycupja	489	35	arise	arise	VBP
work_3ehybzpqvbdsjlegtnkdycupja	489	36	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	489	37	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	489	38	learning	learning	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	39	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	489	40	uninformed	uninformed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	489	41	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	489	42	prevails	prevail	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	489	43	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	489	44	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	489	45	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	489	46	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	47	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	489	48	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	489	49	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	50	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	51	dominates	dominate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	489	52	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	489	53	substitution	substitution	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	54	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	489	55	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	489	56	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	489	57	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	489	58	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	489	59	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	489	60	Barlevy	Barlevy	NNP
work_3ehybzpqvbdsjlegtnkdycupja	489	61	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	489	62	Veronesi	Veronesi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	489	63	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	489	64	2003	2003	CD
work_3ehybzpqvbdsjlegtnkdycupja	489	65	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	489	66	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	489	67	Yuan	Yuan	NNP
work_3ehybzpqvbdsjlegtnkdycupja	489	68	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	489	69	2005	2005	CD
work_3ehybzpqvbdsjlegtnkdycupja	489	70	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	489	71	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	489	72	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	489	73	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	489	74	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	489	75	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	489	76	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	489	77	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	490	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	490	2	could	could	MD
work_3ehybzpqvbdsjlegtnkdycupja	490	3	happen	happen	VB
work_3ehybzpqvbdsjlegtnkdycupja	490	4	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	490	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	490	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	490	7	presence	presence	NN
work_3ehybzpqvbdsjlegtnkdycupja	490	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	490	9	feedback	feedback	NN
work_3ehybzpqvbdsjlegtnkdycupja	490	10	effects	effect	NNS
work_3ehybzpqvbdsjlegtnkdycupja	490	11	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	490	12	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	490	13	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	490	14	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	490	15	both	both	CC
work_3ehybzpqvbdsjlegtnkdycupja	490	16	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	490	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	490	18	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	490	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	490	20	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	490	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	490	22	likelihood	likelihood	NN
work_3ehybzpqvbdsjlegtnkdycupja	490	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	490	24	coordination	coordination	NN
work_3ehybzpqvbdsjlegtnkdycupja	490	25	among	among	IN
work_3ehybzpqvbdsjlegtnkdycupja	490	26	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	490	27	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	490	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	490	29	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	490	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	490	31	feedback	feedback	NN
work_3ehybzpqvbdsjlegtnkdycupja	490	32	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	490	33	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	490	34	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	490	35	strengthen	strengthen	VB
work_3ehybzpqvbdsjlegtnkdycupja	490	36	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	490	37	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	490	38	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	490	39	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	490	40	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	490	41	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	490	42	Ozdenoren	Ozdenoren	NNP
work_3ehybzpqvbdsjlegtnkdycupja	490	43	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	490	44	Yuan	Yuan	NNP
work_3ehybzpqvbdsjlegtnkdycupja	490	45	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	490	46	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	490	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	490	48	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	490	49	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	491	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	491	2	last	last	JJ
work_3ehybzpqvbdsjlegtnkdycupja	491	3	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	491	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	491	5	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	491	6	section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	491	7	relates	relate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	491	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	491	9	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	491	10	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	491	11	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	491	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	491	13	reliance	reliance	NN
work_3ehybzpqvbdsjlegtnkdycupja	491	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	491	15	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	491	16	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	491	17	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	491	18	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	491	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	492	1	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	492	2	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	492	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	493	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	493	2	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	493	3	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	493	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	493	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	494	1	1	1	LS
work_3ehybzpqvbdsjlegtnkdycupja	494	2	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	495	1	Let	let	VB
work_3ehybzpqvbdsjlegtnkdycupja	495	2	β	β	PRP
work_3ehybzpqvbdsjlegtnkdycupja	495	3	∈	∈	VB
work_3ehybzpqvbdsjlegtnkdycupja	495	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	495	5	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	495	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	495	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	495	8	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	495	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	495	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	495	11	assume	assume	VB
work_3ehybzpqvbdsjlegtnkdycupja	495	12	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	495	13	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	495	14	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	495	15	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	495	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	496	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	496	2	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	496	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	496	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	496	5	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	496	6	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	496	7	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	496	8			NN
work_3ehybzpqvbdsjlegtnkdycupja	496	9	a	a	NNS
work_3ehybzpqvbdsjlegtnkdycupja	496	10	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	496	11	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	496	12	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	496	13	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	496	14	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	496	15	αE1	αe1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	496	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	496	17	Cov[p1,v	Cov[p1,v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	496	18	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	496	19	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	496	20	Cov[Ē1[v],v	cov[ē1[v],v	NN
work_3ehybzpqvbdsjlegtnkdycupja	496	21	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	496	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	496	23	a∗∗∗1	a∗∗∗1	UH
work_3ehybzpqvbdsjlegtnkdycupja	496	24	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	496	25	αP1	αp1	UH
work_3ehybzpqvbdsjlegtnkdycupja	496	26	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	496	27	αE1	αe1	NN
work_3ehybzpqvbdsjlegtnkdycupja	496	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	496	29	Cov[p1,v	Cov[p1,v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	496	30	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	496	31	>	>	NN
work_3ehybzpqvbdsjlegtnkdycupja	496	32	Cov[Ē1[v],v	cov[ē1[v],v	NN
work_3ehybzpqvbdsjlegtnkdycupja	496	33	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	496	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	497	1	2	2	LS
work_3ehybzpqvbdsjlegtnkdycupja	497	2	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	498	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	498	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	498	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	498	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	498	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	498	6	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	498	7	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	498	8	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	498	9	αE1	αe1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	498	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	498	11	Cov[p1,v	Cov[p1,v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	498	12	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	498	13	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	498	14	Cov[Ē1[v],v	cov[ē1[v],v	NN
work_3ehybzpqvbdsjlegtnkdycupja	498	15	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	498	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	499	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	499	2	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	499	3	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	499	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	499	5	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	499	6	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	499	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	499	8	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	499	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	499	10	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	499	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	499	12	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	499	13	escalate	escalate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	499	14	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	499	15	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	499	16	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	499	17	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	499	18	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	499	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	500	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	500	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	500	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	500	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	500	5	extra	extra	JJ
work_3ehybzpqvbdsjlegtnkdycupja	500	6	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	500	7	added	add	VBN
work_3ehybzpqvbdsjlegtnkdycupja	500	8	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	500	9	ᾱE1	ᾱE1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	500	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	500	11	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	500	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	500	13	11	11	CD
work_3ehybzpqvbdsjlegtnkdycupja	500	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	500	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	500	16	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	500	17	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	500	18	enough	enough	RB
work_3ehybzpqvbdsjlegtnkdycupja	500	19	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	500	20	draw	draw	VB
work_3ehybzpqvbdsjlegtnkdycupja	500	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	500	22	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	500	23	closer	close	JJR
work_3ehybzpqvbdsjlegtnkdycupja	500	24	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	500	25	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	500	26	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	500	27	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	500	28	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	500	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	500	30	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	500	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	500	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	500	33	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	500	34	contrast	contrast	NN
work_3ehybzpqvbdsjlegtnkdycupja	500	35	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	500	36	Allen	Allen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	500	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	500	38	Morris	Morris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	500	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	500	40	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	500	41	Shin	Shin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	500	42	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	500	43	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	500	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	500	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	501	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	501	2	view	view	NN
work_3ehybzpqvbdsjlegtnkdycupja	501	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	501	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	501	5	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	501	6	obtained	obtain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	501	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	501	8	Section	Section	NNP
work_3ehybzpqvbdsjlegtnkdycupja	501	9	III.D	III.D	NNP
work_3ehybzpqvbdsjlegtnkdycupja	501	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	501	11	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	501	12	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	501	13	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	501	14	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	501	15	provided	provide	VBN
work_3ehybzpqvbdsjlegtnkdycupja	501	16	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	501	17	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	501	18	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	501	19	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	501	20	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	501	21	too	too	RB
work_3ehybzpqvbdsjlegtnkdycupja	501	22	much	much	RB
work_3ehybzpqvbdsjlegtnkdycupja	501	23	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	501	24	precise	precise	JJ
work_3ehybzpqvbdsjlegtnkdycupja	501	25	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	501	26	32See	32see	CD
work_3ehybzpqvbdsjlegtnkdycupja	501	27	Admati	Admati	NNP
work_3ehybzpqvbdsjlegtnkdycupja	501	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	501	29	1985	1985	CD
work_3ehybzpqvbdsjlegtnkdycupja	501	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	501	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	501	32	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	501	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	501	34	2005	2005	CD
work_3ehybzpqvbdsjlegtnkdycupja	501	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	501	36	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	501	37	discussions	discussion	NNS
work_3ehybzpqvbdsjlegtnkdycupja	501	38	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	501	39	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	501	40	existence	existence	NN
work_3ehybzpqvbdsjlegtnkdycupja	501	41	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	501	42	Giffen	Giffen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	501	43	assets	asset	NNS
work_3ehybzpqvbdsjlegtnkdycupja	501	44	due	due	JJ
work_3ehybzpqvbdsjlegtnkdycupja	501	45	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	501	46	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	501	47	effects	effect	NNS
work_3ehybzpqvbdsjlegtnkdycupja	501	48	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	501	49	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	501	50	context	context	NN
work_3ehybzpqvbdsjlegtnkdycupja	501	51	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	501	52	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	501	53	multi	multi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	501	54	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	501	55	asset	asset	JJ
work_3ehybzpqvbdsjlegtnkdycupja	501	56	REE	ree	NN
work_3ehybzpqvbdsjlegtnkdycupja	501	57	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	501	58	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	502	1	33To	33To	NNP
work_3ehybzpqvbdsjlegtnkdycupja	502	2	see	see	VBP
work_3ehybzpqvbdsjlegtnkdycupja	502	3	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	502	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	502	5	observe	observe	VB
work_3ehybzpqvbdsjlegtnkdycupja	502	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	502	7	∂xi2/∂p2	∂xi2/∂p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	502	8	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	502	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	502	10	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	502	11	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	502	12	αE2	αe2	NN
work_3ehybzpqvbdsjlegtnkdycupja	502	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	502	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	502	15	∆a2τu	∆a2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	502	16	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	502	17	λ2τi2	λ2τi2	.
work_3ehybzpqvbdsjlegtnkdycupja	502	18	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	502	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	502	20	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	502	21	−γτi2/(1	−γτi2/(1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	502	22	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	502	23	γ∆a2τu	γ∆a2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	502	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	502	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	503	1	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	503	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	503	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	503	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	503	5	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	503	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	503	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	503	8	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	503	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	503	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	503	11	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	503	12	shown	show	VBN
work_3ehybzpqvbdsjlegtnkdycupja	503	13	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	503	14	Proposition	Proposition	NNP
work_3ehybzpqvbdsjlegtnkdycupja	503	15	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	503	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	503	17	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	503	18	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	503	19	γ∆a2τu	γ∆a2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	503	20	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	503	21	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	503	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	503	23	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	503	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	503	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	503	26	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	503	27	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	503	28	γ∆a2τu	γ∆a2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	503	29	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	503	30	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	503	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	503	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	504	1	These	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	504	2	inequalities	inequality	NNS
work_3ehybzpqvbdsjlegtnkdycupja	504	3	prove	prove	VBP
work_3ehybzpqvbdsjlegtnkdycupja	504	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	504	5	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	504	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	505	1	31	31	CD
work_3ehybzpqvbdsjlegtnkdycupja	505	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	505	3	exogenous	exogenous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	505	4	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	505	5	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	505	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	506	1	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	506	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	506	3	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	506	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	506	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	506	6	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	506	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	506	8	farther	farther	RB
work_3ehybzpqvbdsjlegtnkdycupja	506	9	away	away	RB
work_3ehybzpqvbdsjlegtnkdycupja	506	10	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	506	11	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	506	12	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	506	13	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	506	14	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	506	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	507	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	507	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	507	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	507	4	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	507	5	shares	share	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	507	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	507	7	same	same	JJ
work_3ehybzpqvbdsjlegtnkdycupja	507	8	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	507	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	507	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	507	11	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	507	12	found	find	VBN
work_3ehybzpqvbdsjlegtnkdycupja	507	13	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	507	14	Allen	Allen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	507	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	507	16	Morris	Morris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	507	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	507	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	507	19	Shin	Shin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	507	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	507	21	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	507	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	507	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	507	24	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	507	25	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	507	26	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	507	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	508	1	Remark	Remark	NNP
work_3ehybzpqvbdsjlegtnkdycupja	508	2	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	508	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	509	1	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	509	2	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	509	3	Numerical	Numerical	NNP
work_3ehybzpqvbdsjlegtnkdycupja	509	4	Result	Result	NNP
work_3ehybzpqvbdsjlegtnkdycupja	509	5	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	509	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	509	7	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	509	8	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	509	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	509	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	509	11	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	509	12	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	509	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	509	14	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	509	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	509	16	larger	large	JJR
work_3ehybzpqvbdsjlegtnkdycupja	509	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	509	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	509	19	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	509	20	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	509	21	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	509	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	509	23	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	509	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	510	1	That	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	510	2	difference	difference	NN
work_3ehybzpqvbdsjlegtnkdycupja	510	3	suggests	suggest	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	510	4	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	510	5	alternative	alternative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	510	6	interpretation	interpretation	NN
work_3ehybzpqvbdsjlegtnkdycupja	510	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	510	8	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	510	9	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	510	10	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	510	11	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	510	12	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	510	13	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	510	14	farther	farther	RB
work_3ehybzpqvbdsjlegtnkdycupja	510	15	away	away	RB
work_3ehybzpqvbdsjlegtnkdycupja	510	16	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	510	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	510	18	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	510	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	510	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	510	21	closer	close	JJR
work_3ehybzpqvbdsjlegtnkdycupja	510	22	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	510	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	510	24	fun-	fun-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	510	25	damentals	damental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	510	26	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	510	27	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	510	28	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	510	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	510	30	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	510	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	510	32	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	510	33	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	510	34	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	510	35	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	510	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	510	37	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	510	38	.	.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	510	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	510	40	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	510	41	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	510	42	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	511	1	From	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	511	2	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	511	3	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	511	4	standpoint	standpoint	NN
work_3ehybzpqvbdsjlegtnkdycupja	511	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	511	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	511	7	implication	implication	NN
work_3ehybzpqvbdsjlegtnkdycupja	511	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	511	9	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	511	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	511	11	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	511	12	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	511	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	511	14	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	511	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	511	16	in-	in-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	511	17	creasing	creasing	NN
work_3ehybzpqvbdsjlegtnkdycupja	511	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	511	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	511	20	extent	extent	NN
work_3ehybzpqvbdsjlegtnkdycupja	511	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	511	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	511	23	difference	difference	NN
work_3ehybzpqvbdsjlegtnkdycupja	511	24	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	511	25	how	how	WRB
work_3ehybzpqvbdsjlegtnkdycupja	511	26	accurately	accurately	RB
work_3ehybzpqvbdsjlegtnkdycupja	511	27	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	511	28	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	511	29	assessed	assess	VBN
work_3ehybzpqvbdsjlegtnkdycupja	511	30	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	511	31	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	511	32	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	511	33	versus	versus	IN
work_3ehybzpqvbdsjlegtnkdycupja	511	34	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	511	35	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	511	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	512	1	F	F	NNP
work_3ehybzpqvbdsjlegtnkdycupja	512	2	Robustness	Robustness	NNP
work_3ehybzpqvbdsjlegtnkdycupja	512	3	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	512	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	512	5	section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	512	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	512	7	perform	perform	VBP
work_3ehybzpqvbdsjlegtnkdycupja	512	8	some	some	DT
work_3ehybzpqvbdsjlegtnkdycupja	512	9	robustness	robustness	NN
work_3ehybzpqvbdsjlegtnkdycupja	512	10	exercises	exercise	NNS
work_3ehybzpqvbdsjlegtnkdycupja	512	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	513	1	First	first	RB
work_3ehybzpqvbdsjlegtnkdycupja	513	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	513	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	513	4	extend	extend	VBP
work_3ehybzpqvbdsjlegtnkdycupja	513	5	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	513	6	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	513	7	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	513	8	encompass	encompass	VB
work_3ehybzpqvbdsjlegtnkdycupja	513	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	513	10	possibility	possibility	NN
work_3ehybzpqvbdsjlegtnkdycupja	513	11	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	513	12	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	513	13	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	513	14	affects	affect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	513	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	513	16	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	513	17	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	513	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	514	1	Second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	514	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	514	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	514	4	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	514	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	514	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	514	7	very	very	RB
work_3ehybzpqvbdsjlegtnkdycupja	514	8	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	514	9	pattern	pattern	NN
work_3ehybzpqvbdsjlegtnkdycupja	514	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	514	11	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	514	12	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	514	13	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	514	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	514	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	514	16	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	514	17	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	514	18	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	514	19	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	514	20	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	514	21	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	514	22	who	who	WP
work_3ehybzpqvbdsjlegtnkdycupja	514	23	face	face	VBP
work_3ehybzpqvbdsjlegtnkdycupja	514	24	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	514	25	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	514	26	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	514	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	514	28	final	final	JJ
work_3ehybzpqvbdsjlegtnkdycupja	514	29	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	514	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	515	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	515	2	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	515	3	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	515	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	515	5	both	both	PDT
work_3ehybzpqvbdsjlegtnkdycupja	515	6	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	515	7	extensions	extension	NNS
work_3ehybzpqvbdsjlegtnkdycupja	515	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	515	9	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	515	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	515	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	515	12	Online	Online	NNP
work_3ehybzpqvbdsjlegtnkdycupja	515	13	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	515	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	515	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	516	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	516	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	516	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	516	4	discuss	discuss	VBP
work_3ehybzpqvbdsjlegtnkdycupja	516	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	516	6	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	516	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	516	8	extending	extend	VBG
work_3ehybzpqvbdsjlegtnkdycupja	516	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	516	10	number	number	NN
work_3ehybzpqvbdsjlegtnkdycupja	516	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	516	12	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	516	13	rounds	round	NNS
work_3ehybzpqvbdsjlegtnkdycupja	516	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	516	15	allowing	allow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	516	16	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	516	17	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	516	18	receive	receive	VB
work_3ehybzpqvbdsjlegtnkdycupja	516	19	more	more	JJR
work_3ehybzpqvbdsjlegtnkdycupja	516	20	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	516	21	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	516	22	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	516	23	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	516	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	517	1	F.1	F.1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	517	2	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	517	3	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	517	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	517	5	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	517	6	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	517	7	Assume	Assume	NNP
work_3ehybzpqvbdsjlegtnkdycupja	517	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	517	9	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	517	10	face	face	VBP
work_3ehybzpqvbdsjlegtnkdycupja	517	11	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	517	12	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	517	13	over	over	IN
work_3ehybzpqvbdsjlegtnkdycupja	517	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	517	15	final	final	JJ
work_3ehybzpqvbdsjlegtnkdycupja	517	16	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	517	17	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	517	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	518	1	That	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	518	2	final	final	JJ
work_3ehybzpqvbdsjlegtnkdycupja	518	3	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	518	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	518	5	written	write	VBN
work_3ehybzpqvbdsjlegtnkdycupja	518	6	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	518	7	v̂	v̂	NNP
work_3ehybzpqvbdsjlegtnkdycupja	518	8	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	518	9	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	518	10	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	518	11	δ	δ	NN
work_3ehybzpqvbdsjlegtnkdycupja	518	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	518	13	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	518	14	δ	δ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	518	15	∼	∼	NNP
work_3ehybzpqvbdsjlegtnkdycupja	518	16	N(0,τ−1δ	N(0,τ−1δ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	518	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	518	18	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	518	19	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	518	20	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	518	21	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	518	22	orthogonal	orthogonal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	518	23	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	518	24	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	518	25	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	518	26	variables	variable	NNS
work_3ehybzpqvbdsjlegtnkdycupja	518	27	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	518	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	518	29	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	518	30	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	518	31	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	518	32	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	518	33	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	518	34	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	518	35	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	518	36	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	518	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	519	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	519	2	inclusion	inclusion	NN
work_3ehybzpqvbdsjlegtnkdycupja	519	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	519	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	519	5	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	519	6	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	519	7	δ	δ	NN
work_3ehybzpqvbdsjlegtnkdycupja	519	8	allows	allow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	519	9	one	one	PRP
work_3ehybzpqvbdsjlegtnkdycupja	519	10	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	519	11	study	study	VB
work_3ehybzpqvbdsjlegtnkdycupja	519	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	519	13	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	519	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	519	15	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	519	16	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	519	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	519	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	519	19	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	519	20	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	519	21	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	519	22	characterizes	characterize	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	519	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	519	24	investing	investing	NN
work_3ehybzpqvbdsjlegtnkdycupja	519	25	environment	environment	NN
work_3ehybzpqvbdsjlegtnkdycupja	519	26	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	519	27	periods	period	NNS
work_3ehybzpqvbdsjlegtnkdycupja	519	28	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	519	29	heightened	heightened	JJ
work_3ehybzpqvbdsjlegtnkdycupja	519	30	turbulence	turbulence	NN
work_3ehybzpqvbdsjlegtnkdycupja	519	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	520	1	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	520	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	520	3	intuitive	intuitive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	520	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	520	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	520	6	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	520	7	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	520	8	face	face	VBP
work_3ehybzpqvbdsjlegtnkdycupja	520	9	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	520	10	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	520	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	520	12	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	520	13	put	put	VBD
work_3ehybzpqvbdsjlegtnkdycupja	520	14	less	less	JJR
work_3ehybzpqvbdsjlegtnkdycupja	520	15	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	520	16	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	520	17	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	520	18	own	own	JJ
work_3ehybzpqvbdsjlegtnkdycupja	520	19	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	520	20	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	520	21	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	520	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	520	23	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	520	24	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	520	25	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	520	26	less	less	RBR
work_3ehybzpqvbdsjlegtnkdycupja	520	27	useful	useful	JJ
work_3ehybzpqvbdsjlegtnkdycupja	520	28	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	520	29	predicting	predict	VBG
work_3ehybzpqvbdsjlegtnkdycupja	520	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	520	31	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	520	32	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	520	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	521	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	521	2	dynamic	dynamic	NN
work_3ehybzpqvbdsjlegtnkdycupja	521	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	521	4	likely	likely	JJ
work_3ehybzpqvbdsjlegtnkdycupja	521	5	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	521	6	weaken	weaken	VB
work_3ehybzpqvbdsjlegtnkdycupja	521	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	521	8	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	521	9	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	521	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	521	11	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	521	12	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	521	13	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	521	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	521	15	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	521	16	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	521	17	eliminate	eliminate	VB
work_3ehybzpqvbdsjlegtnkdycupja	521	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	521	19	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	521	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	522	1	Yet	yet	CC
work_3ehybzpqvbdsjlegtnkdycupja	522	2	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	522	3	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	522	4	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	522	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	522	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	522	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	522	8	general	general	JJ
work_3ehybzpqvbdsjlegtnkdycupja	522	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	522	10	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	522	11	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	522	12	neither	neither	CC
work_3ehybzpqvbdsjlegtnkdycupja	522	13	eliminates	eliminate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	522	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	522	15	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	522	16	nor	nor	CC
work_3ehybzpqvbdsjlegtnkdycupja	522	17	makes	make	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	522	18	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	522	19	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	522	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	523	1	Even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	523	2	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	523	3	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	523	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	523	5	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	523	6	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	523	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	523	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	523	9	expressions	expression	NNS
work_3ehybzpqvbdsjlegtnkdycupja	523	10	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	523	11	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	523	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	523	13	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	523	14	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	523	15	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	523	16	do	do	VBP
work_3ehybzpqvbdsjlegtnkdycupja	523	17	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	523	18	change	change	VB
work_3ehybzpqvbdsjlegtnkdycupja	523	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	523	20	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	523	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	523	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	523	23	expressions	expression	NNS
work_3ehybzpqvbdsjlegtnkdycupja	523	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	523	25	14	14	CD
work_3ehybzpqvbdsjlegtnkdycupja	523	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	523	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	523	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	523	29	25	25	CD
work_3ehybzpqvbdsjlegtnkdycupja	523	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	523	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	523	32	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	523	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	523	34	26	26	CD
work_3ehybzpqvbdsjlegtnkdycupja	523	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	523	36	still	still	RB
work_3ehybzpqvbdsjlegtnkdycupja	523	37	hold	hold	VB
work_3ehybzpqvbdsjlegtnkdycupja	523	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	523	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	524	1	However	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	524	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	524	3	32	32	CD
work_3ehybzpqvbdsjlegtnkdycupja	524	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	524	5	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	524	6	obtains	obtain	NNS
work_3ehybzpqvbdsjlegtnkdycupja	524	7	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	524	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	524	9	solution	solution	NN
work_3ehybzpqvbdsjlegtnkdycupja	524	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	524	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	524	12	system	system	NN
work_3ehybzpqvbdsjlegtnkdycupja	524	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	524	14	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	524	15	highly	highly	RB
work_3ehybzpqvbdsjlegtnkdycupja	524	16	nonlinear	nonlinear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	524	17	equations	equation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	524	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	524	19	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	524	20	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	524	21	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	524	22	difficult	difficult	JJ
work_3ehybzpqvbdsjlegtnkdycupja	524	23	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	524	24	solve	solve	VB
work_3ehybzpqvbdsjlegtnkdycupja	524	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	525	1	Numerical	numerical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	525	2	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	525	3	establishes	establish	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	525	4	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	525	5	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	525	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	525	7	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	525	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	525	9	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	525	10	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	525	11	akin	akin	JJ
work_3ehybzpqvbdsjlegtnkdycupja	525	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	525	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	525	14	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	525	15	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	525	16	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	525	17	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	525	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	525	19	ii	ii	NN
work_3ehybzpqvbdsjlegtnkdycupja	525	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	525	21	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	525	22	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	525	23	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	525	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	525	25	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	525	26	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	525	27	τδ	τδ	VBP
work_3ehybzpqvbdsjlegtnkdycupja	525	28	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	525	29	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	525	30	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	525	31	as	as	RB
work_3ehybzpqvbdsjlegtnkdycupja	525	32	many	many	JJ
work_3ehybzpqvbdsjlegtnkdycupja	525	33	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	525	34	five	five	CD
work_3ehybzpqvbdsjlegtnkdycupja	525	35	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	525	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	525	37	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	525	38	at	at	RB
work_3ehybzpqvbdsjlegtnkdycupja	525	39	least	least	JJS
work_3ehybzpqvbdsjlegtnkdycupja	525	40	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	525	41	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	525	42	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	525	43	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	525	44	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	525	45	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	525	46	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	525	47	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	525	48	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	525	49	iii	iii	NNP
work_3ehybzpqvbdsjlegtnkdycupja	525	50	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	525	51	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	525	52	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	525	53	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	525	54	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	525	55	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	525	56	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	525	57	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	525	58	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	525	59	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	525	60	obtains	obtain	NNS
work_3ehybzpqvbdsjlegtnkdycupja	525	61	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	525	62	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	525	63	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	525	64	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	525	65	type	type	NN
work_3ehybzpqvbdsjlegtnkdycupja	525	66	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	525	67	survive	survive	VBP
work_3ehybzpqvbdsjlegtnkdycupja	525	68	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	526	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	526	2	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	526	3	baseline	baseline	NN
work_3ehybzpqvbdsjlegtnkdycupja	526	4	simulation	simulation	NN
work_3ehybzpqvbdsjlegtnkdycupja	526	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	526	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	526	7	set	set	VBP
work_3ehybzpqvbdsjlegtnkdycupja	526	8	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	526	9	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	526	10	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	526	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	526	12	find	find	VB
work_3ehybzpqvbdsjlegtnkdycupja	526	13	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	526	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	526	15	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	526	16	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	526	17	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	526	18	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	526	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	526	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	526	21	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	526	22	vanishes	vanishe	NNS
work_3ehybzpqvbdsjlegtnkdycupja	526	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	527	1	Although	although	IN
work_3ehybzpqvbdsjlegtnkdycupja	527	2	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	527	3	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	527	4	blush	blush	NN
work_3ehybzpqvbdsjlegtnkdycupja	527	5	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	527	6	small	small	JJ
work_3ehybzpqvbdsjlegtnkdycupja	527	7	level	level	NN
work_3ehybzpqvbdsjlegtnkdycupja	527	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	527	9	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	527	10	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	527	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	527	12	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	527	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	527	14	σ2δ	σ2δ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	527	15	≤	≤	NN
work_3ehybzpqvbdsjlegtnkdycupja	527	16	1/40	1/40	CD
work_3ehybzpqvbdsjlegtnkdycupja	527	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	527	18	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	527	19	seem	seem	VB
work_3ehybzpqvbdsjlegtnkdycupja	527	20	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	527	21	cast	cast	VB
work_3ehybzpqvbdsjlegtnkdycupja	527	22	doubt	doubt	NN
work_3ehybzpqvbdsjlegtnkdycupja	527	23	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	527	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	527	25	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	527	26	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	527	27	relevance	relevance	NN
work_3ehybzpqvbdsjlegtnkdycupja	527	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	527	29	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	527	30	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	527	31	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	527	32	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	527	33	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	527	34	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	527	35	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	527	36	parameterization	parameterization	NN
work_3ehybzpqvbdsjlegtnkdycupja	527	37	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	527	38	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	527	39	line	line	NN
work_3ehybzpqvbdsjlegtnkdycupja	527	40	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	527	41	calibrated	calibrate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	527	42	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	527	43	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	527	44	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	527	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	528	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	528	2	instance	instance	NN
work_3ehybzpqvbdsjlegtnkdycupja	528	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	528	4	Wang	Wang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	528	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	528	6	1994	1994	CD
work_3ehybzpqvbdsjlegtnkdycupja	528	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	528	8	models	model	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	528	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	528	10	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	528	11	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	528	12	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	528	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	528	14	dividend	dividend	NN
work_3ehybzpqvbdsjlegtnkdycupja	528	15	process	process	NN
work_3ehybzpqvbdsjlegtnkdycupja	528	16	Ft+1	Ft+1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	528	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	528	18	ρFt	ρFt	NNP
work_3ehybzpqvbdsjlegtnkdycupja	528	19	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	528	20	ωt+1	ωt+1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	528	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	528	22	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	528	23	Ft	Ft	NNP
work_3ehybzpqvbdsjlegtnkdycupja	528	24	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	528	25	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	528	26	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	528	27	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	528	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	528	29	ωt+1	ωt+1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	528	30	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	528	31	orthogonal	orthogonal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	528	32	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	528	33	error	error	NN
work_3ehybzpqvbdsjlegtnkdycupja	528	34	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	528	35	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	528	36	corresponds	correspond	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	528	37	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	528	38	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	528	39	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	528	40	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	528	41	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	528	42	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	529	1	Here	here	RB
work_3ehybzpqvbdsjlegtnkdycupja	529	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	529	3	coefficient	coefficient	NN
work_3ehybzpqvbdsjlegtnkdycupja	529	4	ρ	ρ	IN
work_3ehybzpqvbdsjlegtnkdycupja	529	5	parameterizes	parameterize	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	529	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	529	7	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	529	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	529	9	past	past	JJ
work_3ehybzpqvbdsjlegtnkdycupja	529	10	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	529	11	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	529	12	current	current	JJ
work_3ehybzpqvbdsjlegtnkdycupja	529	13	ones	one	NNS
work_3ehybzpqvbdsjlegtnkdycupja	529	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	530	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	530	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	530	3	framework	framework	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	530	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	530	6	fraction	fraction	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	530	8	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	9	coming	come	VBG
work_3ehybzpqvbdsjlegtnkdycupja	530	10	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	530	11	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	530	12	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	13	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	530	14	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	530	15	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	530	16	ρ2	ρ2	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	530	18	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	530	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	530	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	530	21	ratio	ratio	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	530	23	σ2ω	σ2ω	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	24	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	530	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	530	26	steady	steady	JJ
work_3ehybzpqvbdsjlegtnkdycupja	530	27	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	530	28	state	state	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	29	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	30	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	530	31	Ft+1	Ft+1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	530	32	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	530	33	σ	σ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	530	34	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	530	35	ω/(1	ω/(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	36	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	530	37	ρ2	ρ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	530	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	530	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	530	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	530	41	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	530	42	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	530	43	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	530	44	framework	framework	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	45	corresponds	correspond	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	530	46	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	530	47	σ2δ/(σ	σ2δ/(σ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	530	48	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	530	49	δ	δ	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	50	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	530	51	σ	σ	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	52	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	530	53	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	530	54	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	530	55	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	531	1	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	531	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	531	3	easy	easy	JJ
work_3ehybzpqvbdsjlegtnkdycupja	531	4	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	531	5	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	531	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	531	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	531	8	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	531	9	ρ	ρ	IN
work_3ehybzpqvbdsjlegtnkdycupja	531	10	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	531	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	531	12	.98	.98	NFP
work_3ehybzpqvbdsjlegtnkdycupja	531	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	531	14	.99	.99	NFP
work_3ehybzpqvbdsjlegtnkdycupja	531	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	531	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	531	17	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	531	18	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	531	19	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	531	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	531	21	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	531	22	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	531	23	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	531	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	531	25	comparable	comparable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	531	26	importance	importance	NN
work_3ehybzpqvbdsjlegtnkdycupja	531	27	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	531	28	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	531	29	implied	imply	VBN
work_3ehybzpqvbdsjlegtnkdycupja	531	30	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	531	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	531	32	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	531	33	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	531	34	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	531	35	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	531	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	532	1	So	so	CC
work_3ehybzpqvbdsjlegtnkdycupja	532	2	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	532	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	532	4	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	532	5	example	example	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	532	7	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	532	8	take	take	VBP
work_3ehybzpqvbdsjlegtnkdycupja	532	9	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	532	10	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	11	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	532	12	represent	represent	VB
work_3ehybzpqvbdsjlegtnkdycupja	532	13	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	14	patterns	pattern	NNS
work_3ehybzpqvbdsjlegtnkdycupja	532	15	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	532	16	occur	occur	VBP
work_3ehybzpqvbdsjlegtnkdycupja	532	17	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	532	18	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	532	19	quarterly	quarterly	JJ
work_3ehybzpqvbdsjlegtnkdycupja	532	20	frequency	frequency	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	532	22	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	532	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	532	24	previous	previous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	532	25	statement	statement	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	26	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	532	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	532	28	roughly	roughly	RB
work_3ehybzpqvbdsjlegtnkdycupja	532	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	532	30	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	532	31	critical	critical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	532	32	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	33	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	532	34	ρ	ρ	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	35	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	532	36	.95	.95	CD
work_3ehybzpqvbdsjlegtnkdycupja	532	37	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	532	38	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	532	39	yearly	yearly	JJ
work_3ehybzpqvbdsjlegtnkdycupja	532	40	frequency	frequency	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	41	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	532	42	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	532	43	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	44	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	532	45	commonly	commonly	RB
work_3ehybzpqvbdsjlegtnkdycupja	532	46	used	use	VBN
work_3ehybzpqvbdsjlegtnkdycupja	532	47	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	532	48	calibration	calibration	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	49	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	532	50	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	51	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	52	models.34	models.34	NNP
work_3ehybzpqvbdsjlegtnkdycupja	532	53	F.2	F.2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	532	54	Long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	532	55	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	532	56	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	57	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	532	58	Consider	consider	VB
work_3ehybzpqvbdsjlegtnkdycupja	532	59	again	again	RB
work_3ehybzpqvbdsjlegtnkdycupja	532	60	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	532	61	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	62	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	532	63	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	532	64	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	65	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	532	66	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	532	67	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	532	68	suppose	suppose	VBP
work_3ehybzpqvbdsjlegtnkdycupja	532	69	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	532	70	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	532	71	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	532	72	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	532	73	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	532	74	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	75	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	532	76	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	532	77	maximize	maximize	VB
work_3ehybzpqvbdsjlegtnkdycupja	532	78	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	532	79	expected	expected	JJ
work_3ehybzpqvbdsjlegtnkdycupja	532	80	utility	utility	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	81	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	532	82	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	532	83	final	final	JJ
work_3ehybzpqvbdsjlegtnkdycupja	532	84	wealth	wealth	NN
work_3ehybzpqvbdsjlegtnkdycupja	532	85	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	533	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	533	2	simplicity	simplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	533	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	533	4	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	533	5	address	address	VB
work_3ehybzpqvbdsjlegtnkdycupja	533	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	533	7	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	533	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	533	9	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	533	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	533	11	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	533	12	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	533	13	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	533	14	useless	useless	JJ
work_3ehybzpqvbdsjlegtnkdycupja	533	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	533	16	τη	τη	FW
work_3ehybzpqvbdsjlegtnkdycupja	533	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	533	18	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	533	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	533	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	534	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	534	2	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	534	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	534	4	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	534	5	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	534	6	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	534	7	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	534	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	534	9	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	534	10	scenario	scenario	NN
work_3ehybzpqvbdsjlegtnkdycupja	534	11	as	as	RB
work_3ehybzpqvbdsjlegtnkdycupja	534	12	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	534	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	534	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	534	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	534	16	reasons	reason	NNS
work_3ehybzpqvbdsjlegtnkdycupja	534	17	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	534	18	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	534	19	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	534	20	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	534	21	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	534	22	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	534	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	534	24	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	534	25	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	534	26	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	534	27	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	534	28	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	534	29	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	534	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	535	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	535	2	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	535	3	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	535	4	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	535	5	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	535	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	535	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	535	8	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	535	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	535	10	speculates	speculate	NNS
work_3ehybzpqvbdsjlegtnkdycupja	535	11	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	535	12	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	535	13	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	535	14	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	535	15	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	535	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	535	17	takes	take	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	535	18	into	into	IN
work_3ehybzpqvbdsjlegtnkdycupja	535	19	account	account	NN
work_3ehybzpqvbdsjlegtnkdycupja	535	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	535	21	hedging	hedge	VBG
work_3ehybzpqvbdsjlegtnkdycupja	535	22	possibilities	possibility	NNS
work_3ehybzpqvbdsjlegtnkdycupja	535	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	535	24	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	535	25	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	535	26	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	535	27	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	535	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	536	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	536	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	536	3	strategy	strategy	NN
work_3ehybzpqvbdsjlegtnkdycupja	536	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	536	5	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	536	6	i	i	PRP
work_3ehybzpqvbdsjlegtnkdycupja	536	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	536	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	536	9	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	536	10	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	536	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	536	12	actually	actually	RB
work_3ehybzpqvbdsjlegtnkdycupja	536	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	536	14	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	536	15	combination	combination	NN
work_3ehybzpqvbdsjlegtnkdycupja	536	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	536	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	536	18	Ei1[p2]−p1	Ei1[p2]−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	536	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	536	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	536	21	Ei1[xi2	ei1[xi2	NN
work_3ehybzpqvbdsjlegtnkdycupja	536	22	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	536	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	536	24	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	536	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	536	26	Vives	Vives	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	536	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	536	28	2012)).35	2012)).35	CD
work_3ehybzpqvbdsjlegtnkdycupja	536	29	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	536	30	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	536	31	do	do	VBP
work_3ehybzpqvbdsjlegtnkdycupja	536	32	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	536	33	expect	expect	VB
work_3ehybzpqvbdsjlegtnkdycupja	536	34	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	536	35	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	536	36	change	change	VB
work_3ehybzpqvbdsjlegtnkdycupja	536	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	536	38	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	536	39	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	536	40	optimal	optimal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	536	41	period-1	period-1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	536	42	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	536	43	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	536	44	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	536	45	just	just	RB
work_3ehybzpqvbdsjlegtnkdycupja	536	46	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	536	47	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	536	48	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	536	49	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	536	50	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	536	51	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	537	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	537	2	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	537	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	537	4	holding	hold	VBG
work_3ehybzpqvbdsjlegtnkdycupja	537	5	such	such	PDT
work_3ehybzpqvbdsjlegtnkdycupja	537	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	537	7	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	537	8	34We	34we	CD
work_3ehybzpqvbdsjlegtnkdycupja	537	9	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	537	10	indebted	indebte	VBN
work_3ehybzpqvbdsjlegtnkdycupja	537	11	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	537	12	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	537	13	anonymous	anonymous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	537	14	referee	referee	NN
work_3ehybzpqvbdsjlegtnkdycupja	537	15	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	537	16	suggesting	suggest	VBG
work_3ehybzpqvbdsjlegtnkdycupja	537	17	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	537	18	calibration	calibration	NN
work_3ehybzpqvbdsjlegtnkdycupja	537	19	exercise	exercise	NN
work_3ehybzpqvbdsjlegtnkdycupja	537	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	538	1	35This	35this	DT
work_3ehybzpqvbdsjlegtnkdycupja	538	2	strategy	strategy	NN
work_3ehybzpqvbdsjlegtnkdycupja	538	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	538	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	538	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	538	6	form	form	NN
work_3ehybzpqvbdsjlegtnkdycupja	538	7	xi1	xi1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	538	8	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	538	9	Γ	Γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	538	10	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	538	11	2(Ei1[p2	2(ei1[p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	538	12	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	538	13	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	538	14	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	538	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	538	16	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	538	17	Γ22Ei1[xi2	Γ22Ei1[xi2	NFP
work_3ehybzpqvbdsjlegtnkdycupja	538	18	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	538	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	538	20	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	538	21	Γ12	Γ12	NNP
work_3ehybzpqvbdsjlegtnkdycupja	538	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	538	23	Γ22	Γ22	NNP
work_3ehybzpqvbdsjlegtnkdycupja	538	24	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	538	25	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	538	26	parameters	parameter	NNS
work_3ehybzpqvbdsjlegtnkdycupja	538	27	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	538	28	Ei1[xi2	ei1[xi2	NN
work_3ehybzpqvbdsjlegtnkdycupja	538	29	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	538	30	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	538	31	Λ	Λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	538	32	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	538	33	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	538	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	538	35	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	538	36	−λ2∆a2)(Ei1[v	−λ2∆a2)(ei1[v	CD
work_3ehybzpqvbdsjlegtnkdycupja	538	37	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	538	38	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	538	39	p̂1	p̂1	NN
work_3ehybzpqvbdsjlegtnkdycupja	538	40	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	538	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	539	1	33	33	CD
work_3ehybzpqvbdsjlegtnkdycupja	539	2	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	539	3	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	539	4	due	due	JJ
work_3ehybzpqvbdsjlegtnkdycupja	539	5	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	539	6	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	539	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	539	8	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	539	9	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	539	10	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	539	11	unpredictability.36	unpredictability.36	NNP
work_3ehybzpqvbdsjlegtnkdycupja	539	12	However	However	NNP
work_3ehybzpqvbdsjlegtnkdycupja	539	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	539	14	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	539	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	539	16	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	539	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	539	18	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	539	19	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	539	20	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	539	21	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	539	22	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	539	23	optimally	optimally	RB
work_3ehybzpqvbdsjlegtnkdycupja	539	24	exploit	exploit	VBP
work_3ehybzpqvbdsjlegtnkdycupja	539	25	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	539	26	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	539	27	run	run	NN
work_3ehybzpqvbdsjlegtnkdycupja	539	28	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	539	29	differences	difference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	539	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	540	1	Two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	540	2	factors	factor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	540	3	increase	increase	VBP
work_3ehybzpqvbdsjlegtnkdycupja	540	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	540	5	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	540	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	540	7	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	540	8	period-1	period-1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	540	9	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	540	10	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	540	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	540	12	partial	partial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	540	13	unpredictability	unpredictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	540	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	540	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	540	16	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	540	17	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	540	18	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	540	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	540	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	540	21	impossibility	impossibility	NN
work_3ehybzpqvbdsjlegtnkdycupja	540	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	540	23	determining	determine	VBG
work_3ehybzpqvbdsjlegtnkdycupja	540	24	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	540	25	exact	exact	JJ
work_3ehybzpqvbdsjlegtnkdycupja	540	26	future	future	JJ
work_3ehybzpqvbdsjlegtnkdycupja	540	27	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	540	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	541	1	Nevertheless	nevertheless	RB
work_3ehybzpqvbdsjlegtnkdycupja	541	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	541	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	541	4	opportunity	opportunity	NN
work_3ehybzpqvbdsjlegtnkdycupja	541	5	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	541	6	trade	trade	VB
work_3ehybzpqvbdsjlegtnkdycupja	541	7	again	again	RB
work_3ehybzpqvbdsjlegtnkdycupja	541	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	541	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	541	10	future	future	NN
work_3ehybzpqvbdsjlegtnkdycupja	541	11	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	541	12	serve	serve	VB
work_3ehybzpqvbdsjlegtnkdycupja	541	13	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	541	14	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	541	15	hedge	hedge	NN
work_3ehybzpqvbdsjlegtnkdycupja	541	16	against	against	IN
work_3ehybzpqvbdsjlegtnkdycupja	541	17	potentially	potentially	RB
work_3ehybzpqvbdsjlegtnkdycupja	541	18	adverse	adverse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	541	19	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	541	20	movements	movement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	541	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	542	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	542	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	542	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	542	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	542	5	option	option	NN
work_3ehybzpqvbdsjlegtnkdycupja	542	6	reduces	reduce	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	542	7	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	542	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	542	9	thereby	thereby	RB
work_3ehybzpqvbdsjlegtnkdycupja	542	10	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	542	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	542	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	542	13	absence	absence	NN
work_3ehybzpqvbdsjlegtnkdycupja	542	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	542	15	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	542	16	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	542	17	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	542	18	exactly	exactly	RB
work_3ehybzpqvbdsjlegtnkdycupja	542	19	offsets	offset	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	542	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	542	21	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	542	22	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	542	23	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	542	24	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	542	25	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	542	26	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	542	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	543	1	So	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	543	2	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	543	3	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	543	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	543	5	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	543	6	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	543	7	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	543	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	543	9	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	543	10	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	543	11	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	543	12	incorporate	incorporate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	543	13	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	543	14	responses	response	NNS
work_3ehybzpqvbdsjlegtnkdycupja	543	15	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	543	16	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	543	17	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	543	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	543	19	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	543	20	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	543	21	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	543	22	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	543	23	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	543	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	544	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	544	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	544	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	544	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	544	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	544	6	optimal	optimal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	544	7	strategy	strategy	NN
work_3ehybzpqvbdsjlegtnkdycupja	544	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	544	9	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	544	10	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	544	11	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	544	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	544	13	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	544	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	544	15	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	544	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	544	17	buy	buy	VB
work_3ehybzpqvbdsjlegtnkdycupja	544	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	544	19	hold	hold	VB
work_3ehybzpqvbdsjlegtnkdycupja	544	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	544	21	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	544	22	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	544	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	544	24	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	544	25	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	544	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	544	27	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	544	28	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	544	29	receive	receive	VBP
work_3ehybzpqvbdsjlegtnkdycupja	544	30	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	544	31	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	544	32	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	544	33	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	544	34	take	take	VB
work_3ehybzpqvbdsjlegtnkdycupja	544	35	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	544	36	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	544	37	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	544	38	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	544	39	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	544	40	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	544	41	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	544	42	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	544	43	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	544	44	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	544	45	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	544	46	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	544	47	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	544	48	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	545	1	Although	although	IN
work_3ehybzpqvbdsjlegtnkdycupja	545	2	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	545	3	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	545	4	nonetheless	nonetheless	RB
work_3ehybzpqvbdsjlegtnkdycupja	545	5	speculate	speculate	VB
work_3ehybzpqvbdsjlegtnkdycupja	545	6	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	545	7	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	545	8	differences	difference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	545	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	545	10	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	545	11	do	do	VBP
work_3ehybzpqvbdsjlegtnkdycupja	545	12	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	545	13	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	545	14	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	545	15	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	545	16	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	545	17	making	make	VBG
work_3ehybzpqvbdsjlegtnkdycupja	545	18	purposes	purpose	NNS
work_3ehybzpqvbdsjlegtnkdycupja	545	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	545	20	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	545	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	545	22	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	545	23	profit	profit	VB
work_3ehybzpqvbdsjlegtnkdycupja	545	24	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	545	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	545	26	mean	mean	JJ
work_3ehybzpqvbdsjlegtnkdycupja	545	27	reversion	reversion	NN
work_3ehybzpqvbdsjlegtnkdycupja	545	28	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	545	29	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	545	30	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	545	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	545	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	546	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	546	2	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	546	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	546	4	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	546	5	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	546	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	546	7	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	546	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	546	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	546	10	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	546	11	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	546	12	scale	scale	NN
work_3ehybzpqvbdsjlegtnkdycupja	546	13	down	down	RP
work_3ehybzpqvbdsjlegtnkdycupja	546	14	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	546	15	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	546	16	activity	activity	NN
work_3ehybzpqvbdsjlegtnkdycupja	546	17	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	546	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	546	19	final	final	JJ
work_3ehybzpqvbdsjlegtnkdycupja	546	20	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	546	21	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	546	22	harder	hard	JJR
work_3ehybzpqvbdsjlegtnkdycupja	546	23	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	546	24	forecast	forecast	VB
work_3ehybzpqvbdsjlegtnkdycupja	546	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	547	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	547	2	weakens	weaken	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	547	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	547	4	hedging	hedge	VBG
work_3ehybzpqvbdsjlegtnkdycupja	547	5	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	547	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	547	8	re	re	JJ
work_3ehybzpqvbdsjlegtnkdycupja	547	9	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	547	10	trading	trading	JJ
work_3ehybzpqvbdsjlegtnkdycupja	547	11	opportunity	opportunity	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	547	13	renders	render	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	547	14	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	547	15	truly	truly	RB
work_3ehybzpqvbdsjlegtnkdycupja	547	16	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	547	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	547	18	leading	lead	VBG
work_3ehybzpqvbdsjlegtnkdycupja	547	19	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	547	20	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	547	21	speculate	speculate	VB
work_3ehybzpqvbdsjlegtnkdycupja	547	22	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	547	23	short-	short-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	547	24	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	25	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	26	movements	movement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	547	27	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	547	28	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	547	29	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	547	30	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	547	31	information.37	information.37	NNP
work_3ehybzpqvbdsjlegtnkdycupja	547	32	These	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	547	33	consequences	consequence	NNS
work_3ehybzpqvbdsjlegtnkdycupja	547	34	reinforce	reinforce	VBP
work_3ehybzpqvbdsjlegtnkdycupja	547	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	547	36	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	547	37	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	38	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	547	39	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	40	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	41	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	42	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	547	43	lead	lead	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	44	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	547	45	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	547	46	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	547	47	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	547	48	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	547	49	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	547	50	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	51	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	547	52	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	53	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	547	54	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	547	55	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	547	56	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	57	strongly	strongly	RB
work_3ehybzpqvbdsjlegtnkdycupja	547	58	affects	affect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	547	59	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	547	60	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	61	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	547	62	reaction	reaction	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	63	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	547	64	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	547	65	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	66	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	547	67	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	547	68	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	547	69	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	547	70	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	548	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	548	2	summary	summary	NN
work_3ehybzpqvbdsjlegtnkdycupja	548	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	548	4	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	548	5	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	548	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	548	7	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	548	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	548	9	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	548	10	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	548	11	averse	averse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	548	12	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	548	13	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	548	14	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	548	15	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	548	16	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	548	17	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	548	18	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	548	19	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	548	20	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	548	21	either	either	DT
work_3ehybzpqvbdsjlegtnkdycupja	548	22	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	548	23	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	548	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	548	25	He	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	548	26	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	548	27	Wang	Wang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	548	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	548	29	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	548	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	548	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	548	32	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	548	33	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	548	34	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	548	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	548	36	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	548	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	548	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	548	39	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	548	40	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	548	41	common	common	JJ
work_3ehybzpqvbdsjlegtnkdycupja	548	42	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	548	43	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	548	44	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	548	45	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	548	46	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	548	47	Grundy	Grundy	NNP
work_3ehybzpqvbdsjlegtnkdycupja	548	48	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	548	49	McNichols	McNichols	NNP
work_3ehybzpqvbdsjlegtnkdycupja	548	50	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	548	51	1989	1989	CD
work_3ehybzpqvbdsjlegtnkdycupja	548	52	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	548	53	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	548	54	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	549	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	549	2	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	549	3	have	have	VB
work_3ehybzpqvbdsjlegtnkdycupja	549	4	situations	situation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	549	5	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	549	6	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	549	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	549	8	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	549	9	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	549	10	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	549	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	549	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	549	13	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	549	14	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	549	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	550	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	550	2	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	550	3	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	550	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	550	5	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	550	6	cases	case	NNS
work_3ehybzpqvbdsjlegtnkdycupja	550	7	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	550	8	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	550	9	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	550	10	incentives	incentive	NNS
work_3ehybzpqvbdsjlegtnkdycupja	550	11	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	550	12	use	use	VB
work_3ehybzpqvbdsjlegtnkdycupja	550	13	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	550	14	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	550	15	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	550	16	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	550	17	speculate	speculate	VB
work_3ehybzpqvbdsjlegtnkdycupja	550	18	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	550	19	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	550	20	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	550	21	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	550	22	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	550	23	movements	movement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	550	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	550	25	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	550	26	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	550	27	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	550	28	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	550	29	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	550	30	behave	behave	VB
work_3ehybzpqvbdsjlegtnkdycupja	550	31	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	550	32	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	550	33	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	550	34	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	550	35	ones	one	NNS
work_3ehybzpqvbdsjlegtnkdycupja	550	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	551	1	36If	36if	IN
work_3ehybzpqvbdsjlegtnkdycupja	551	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	551	3	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	551	4	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	551	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	551	6	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	551	7	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	551	8	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	551	9	change	change	VB
work_3ehybzpqvbdsjlegtnkdycupja	551	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	551	11	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	551	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	551	13	today	today	NN
work_3ehybzpqvbdsjlegtnkdycupja	551	14	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	551	15	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	551	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	551	17	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	551	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	551	19	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	551	20	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	551	21	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	551	22	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	551	23	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	551	24	receive	receive	VB
work_3ehybzpqvbdsjlegtnkdycupja	551	25	any	any	DT
work_3ehybzpqvbdsjlegtnkdycupja	551	26	new	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	551	27	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	551	28	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	551	29	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	551	30	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	551	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	551	32	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	551	33	collapses	collapse	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	551	34	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	551	35	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	551	36	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	551	37	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	551	38	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	551	39	hold	hold	VBP
work_3ehybzpqvbdsjlegtnkdycupja	551	40	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	551	41	risky	risky	JJ
work_3ehybzpqvbdsjlegtnkdycupja	551	42	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	551	43	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	551	44	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	551	45	periods	period	NNS
work_3ehybzpqvbdsjlegtnkdycupja	551	46	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	552	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	552	2	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	552	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	552	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	552	5	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	552	6	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	552	7	naturally	naturally	RB
work_3ehybzpqvbdsjlegtnkdycupja	552	8	coincide	coincide	VBP
work_3ehybzpqvbdsjlegtnkdycupja	552	9	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	552	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	552	11	ones	one	NNS
work_3ehybzpqvbdsjlegtnkdycupja	552	12	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	552	13	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	552	14	hold	hold	VB
work_3ehybzpqvbdsjlegtnkdycupja	552	15	in	in	RP
work_3ehybzpqvbdsjlegtnkdycupja	552	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	552	17	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	552	18	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	552	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	553	1	37Indeed	37indeed	NN
work_3ehybzpqvbdsjlegtnkdycupja	553	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	553	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	553	4	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	553	5	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	553	6	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	553	7	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	553	8	who	who	WP
work_3ehybzpqvbdsjlegtnkdycupja	553	9	faces	face	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	553	10	uncertain	uncertain	JJ
work_3ehybzpqvbdsjlegtnkdycupja	553	11	impending	impending	JJ
work_3ehybzpqvbdsjlegtnkdycupja	553	12	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	553	13	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	553	14	find	find	VB
work_3ehybzpqvbdsjlegtnkdycupja	553	15	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	553	16	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	553	17	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	553	18	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	553	19	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	553	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	553	21	little	little	JJ
work_3ehybzpqvbdsjlegtnkdycupja	553	22	use	use	NN
work_3ehybzpqvbdsjlegtnkdycupja	553	23	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	553	24	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	553	25	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	553	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	554	1	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	554	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	554	3	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	554	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	554	5	such	such	PDT
work_3ehybzpqvbdsjlegtnkdycupja	554	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	554	7	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	554	8	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	554	9	behave	behave	VB
work_3ehybzpqvbdsjlegtnkdycupja	554	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	554	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	554	12	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	554	13	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	554	14	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	554	15	like	like	IN
work_3ehybzpqvbdsjlegtnkdycupja	554	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	554	17	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	554	18	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	554	19	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	554	20	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	554	21	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	554	22	he	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	554	23	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	554	24	try	try	VB
work_3ehybzpqvbdsjlegtnkdycupja	554	25	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	554	26	unwind	unwind	VB
work_3ehybzpqvbdsjlegtnkdycupja	554	27	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	554	28	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	554	29	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	554	30	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	554	31	holdings	holding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	554	32	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	554	33	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	554	34	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	554	35	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	554	36	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	554	37	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	554	38	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	554	39	thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	554	40	carry	carry	VBP
work_3ehybzpqvbdsjlegtnkdycupja	554	41	little	little	JJ
work_3ehybzpqvbdsjlegtnkdycupja	554	42	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	554	43	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	554	44	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	554	45	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	554	46	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	554	47	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	554	48	date	date	NN
work_3ehybzpqvbdsjlegtnkdycupja	554	49	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	555	1	34	34	CD
work_3ehybzpqvbdsjlegtnkdycupja	555	2	F.3	F.3	NNP
work_3ehybzpqvbdsjlegtnkdycupja	555	3	More	More	JJR
work_3ehybzpqvbdsjlegtnkdycupja	555	4	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	555	5	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	555	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	555	7	more	more	JJR
work_3ehybzpqvbdsjlegtnkdycupja	555	8	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	555	9	rounds	round	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	555	10	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	555	11	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	555	12	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	555	13	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	555	14	extended	extend	VBN
work_3ehybzpqvbdsjlegtnkdycupja	555	15	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	555	16	encompass	encompass	VB
work_3ehybzpqvbdsjlegtnkdycupja	555	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	555	18	possibility	possibility	NN
work_3ehybzpqvbdsjlegtnkdycupja	555	19	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	555	20	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	555	21	trade	trade	VBP
work_3ehybzpqvbdsjlegtnkdycupja	555	22	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	555	23	more	more	JJR
work_3ehybzpqvbdsjlegtnkdycupja	555	24	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	555	25	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	555	26	periods	period	NNS
work_3ehybzpqvbdsjlegtnkdycupja	555	27	and/or	and/or	CC
work_3ehybzpqvbdsjlegtnkdycupja	555	28	receive	receive	VBP
work_3ehybzpqvbdsjlegtnkdycupja	555	29	additional	additional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	555	30	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	555	31	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	555	32	during	during	IN
work_3ehybzpqvbdsjlegtnkdycupja	555	33	each	each	DT
work_3ehybzpqvbdsjlegtnkdycupja	555	34	round	round	NN
work_3ehybzpqvbdsjlegtnkdycupja	555	35	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	555	36	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	555	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	556	1	However	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	556	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	556	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	556	4	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	556	5	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	556	6	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	556	7	complicated	complicated	JJ
work_3ehybzpqvbdsjlegtnkdycupja	556	8	without	without	IN
work_3ehybzpqvbdsjlegtnkdycupja	556	9	any	any	DT
work_3ehybzpqvbdsjlegtnkdycupja	556	10	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	556	11	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	556	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	556	13	qualitative	qualitative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	556	14	re-	re-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	556	15	sults	sult	NNS
work_3ehybzpqvbdsjlegtnkdycupja	556	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	557	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	557	2	particular	particular	JJ
work_3ehybzpqvbdsjlegtnkdycupja	557	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	557	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	557	5	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	557	6	still	still	RB
work_3ehybzpqvbdsjlegtnkdycupja	557	7	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	557	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	557	9	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	557	10	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	557	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	557	12	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	557	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	557	14	stated	state	VBN
work_3ehybzpqvbdsjlegtnkdycupja	557	15	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	557	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	557	17	arise	arise	VBP
work_3ehybzpqvbdsjlegtnkdycupja	557	18	provided	provide	VBN
work_3ehybzpqvbdsjlegtnkdycupja	557	19	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	557	20	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	557	21	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	557	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	558	1	IV	IV	NNP
work_3ehybzpqvbdsjlegtnkdycupja	558	2	Asset	Asset	NNP
work_3ehybzpqvbdsjlegtnkdycupja	558	3	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	558	4	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	558	5	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	558	6	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	558	7	section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	558	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	558	9	investigate	investigate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	558	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	558	11	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	558	12	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	558	13	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	558	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	558	15	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	558	16	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	558	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	559	1	First	first	RB
work_3ehybzpqvbdsjlegtnkdycupja	559	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	559	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	559	4	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	559	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	559	6	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	559	7	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	559	8	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	559	9	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	559	10	generate	generate	VB
work_3ehybzpqvbdsjlegtnkdycupja	559	11	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	559	12	autocovariance	autocovariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	559	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	559	14	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	559	15	irrespec-	irrespec-	VBG
work_3ehybzpqvbdsjlegtnkdycupja	559	16	tive	tive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	559	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	559	18	whether	whether	IN
work_3ehybzpqvbdsjlegtnkdycupja	559	19	beliefs	belief	NNS
work_3ehybzpqvbdsjlegtnkdycupja	559	20	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	559	21	heterogeneous	heterogeneous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	559	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	559	23	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	559	24	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	559	25	Banerjee	Banerjee	NNP
work_3ehybzpqvbdsjlegtnkdycupja	559	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	559	27	Kaniel	Kaniel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	559	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	559	29	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	559	30	Kremer	Kremer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	559	31	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	559	32	2009	2009	CD
work_3ehybzpqvbdsjlegtnkdycupja	559	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	559	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	559	35	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	559	36	whether	whether	IN
work_3ehybzpqvbdsjlegtnkdycupja	559	37	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	559	38	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	559	39	preferences	preference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	559	40	exhibit	exhibit	VBP
work_3ehybzpqvbdsjlegtnkdycupja	559	41	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	559	42	behavioral	behavioral	JJ
work_3ehybzpqvbdsjlegtnkdycupja	559	43	bias	bias	NN
work_3ehybzpqvbdsjlegtnkdycupja	559	44	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	559	45	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	559	46	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	559	47	Daniel	Daniel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	559	48	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	559	49	Hirshleifer	Hirshleifer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	559	50	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	559	51	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	559	52	Sub-	Sub-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	559	53	rahmanyam	rahmanyam	NNP
work_3ehybzpqvbdsjlegtnkdycupja	559	54	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	559	55	1998	1998	CD
work_3ehybzpqvbdsjlegtnkdycupja	559	56	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	559	57	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	559	58	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	560	1	Second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	560	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	560	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	560	4	look	look	VBP
work_3ehybzpqvbdsjlegtnkdycupja	560	5	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	560	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	560	7	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	560	8	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	560	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	560	10	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	560	11	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	560	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	560	13	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	560	14	compare	compare	VB
work_3ehybzpqvbdsjlegtnkdycupja	560	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	560	16	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	560	17	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	560	18	predicitons	prediciton	NNS
work_3ehybzpqvbdsjlegtnkdycupja	560	19	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	560	20	predictions	prediction	NNS
work_3ehybzpqvbdsjlegtnkdycupja	560	21	under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	560	22	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	560	23	differences	difference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	560	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	560	25	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	560	26	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	560	27	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	560	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	561	1	Third	third	JJ
work_3ehybzpqvbdsjlegtnkdycupja	561	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	561	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	561	4	discuss	discuss	VBP
work_3ehybzpqvbdsjlegtnkdycupja	561	5	identification	identification	NN
work_3ehybzpqvbdsjlegtnkdycupja	561	6	problems	problem	NNS
work_3ehybzpqvbdsjlegtnkdycupja	561	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	561	8	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	561	9	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	561	10	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	561	11	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	561	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	561	13	derive	derive	VB
work_3ehybzpqvbdsjlegtnkdycupja	561	14	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	561	15	set	set	NN
work_3ehybzpqvbdsjlegtnkdycupja	561	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	561	17	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	561	18	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	561	19	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	561	20	allow	allow	VBP
work_3ehybzpqvbdsjlegtnkdycupja	561	21	one	one	PRP
work_3ehybzpqvbdsjlegtnkdycupja	561	22	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	561	23	distinguish	distinguish	VB
work_3ehybzpqvbdsjlegtnkdycupja	561	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	561	25	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	561	26	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	561	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	561	28	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	561	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	562	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	562	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	562	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	562	4	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	562	5	how	how	WRB
work_3ehybzpqvbdsjlegtnkdycupja	562	6	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	562	7	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	562	8	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	562	9	provide	provide	VB
work_3ehybzpqvbdsjlegtnkdycupja	562	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	562	11	narrative	narrative	NN
work_3ehybzpqvbdsjlegtnkdycupja	562	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	562	13	some	some	DT
work_3ehybzpqvbdsjlegtnkdycupja	562	14	episodes	episode	NNS
work_3ehybzpqvbdsjlegtnkdycupja	562	15	related	relate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	562	16	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	562	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	562	18	recent	recent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	562	19	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	562	20	crisis	crisis	NN
work_3ehybzpqvbdsjlegtnkdycupja	562	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	563	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	563	2	Return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	563	3	autocovariance	autocovariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	563	4	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	563	5	start	start	VBP
work_3ehybzpqvbdsjlegtnkdycupja	563	6	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	563	7	computing	compute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	563	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	563	9	return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	563	10	autocovariance	autocovariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	563	11	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	563	12	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	563	13	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	563	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	564	1	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	564	2	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	564	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	565	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	565	2	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	565	3	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	565	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	565	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	566	1	At	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	566	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	566	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	566	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	566	5	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	566	6	statements	statement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	566	7	hold	hold	VBP
work_3ehybzpqvbdsjlegtnkdycupja	566	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	567	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	567	2	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	567	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	567	4	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	567	5	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	567	6	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	567	7	∈	∈	IN
work_3ehybzpqvbdsjlegtnkdycupja	567	8	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	567	9	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	567	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	567	11	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	567	12	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	567	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	567	14	Cov[p2	Cov[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	567	15	−p1,p1	−p1,p1	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	567	16	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	567	17	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	567	18	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	567	19	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	567	20	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	567	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	568	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	568	2	ii	ii	NNP
work_3ehybzpqvbdsjlegtnkdycupja	568	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	568	4	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	568	5	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	568	6	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	568	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	568	8	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	568	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	568	10	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	568	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	568	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	568	13	Cov[v	Cov[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	568	14	−p2,p1	−p2,p1	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	568	15	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	568	16	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	568	17	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	568	18	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	568	19	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	568	20	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	568	21	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	568	22	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	568	23	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	568	24	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	568	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	568	26	Cov[v	Cov[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	568	27	−p2,p1	−p2,p1	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	568	28	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	568	29	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	568	30	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	568	31	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	568	32	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	568	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	569	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	569	2	iii	iii	NNP
work_3ehybzpqvbdsjlegtnkdycupja	569	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	569	4	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	569	5	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	569	6	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	569	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	569	8	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	569	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	569	10	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	569	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	569	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	569	13	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	569	14	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	569	15	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	569	16	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	569	17	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	569	18	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	569	19	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	569	20	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	569	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	569	22	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	569	23	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	569	24	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	569	25	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	569	26	Cov[v−	Cov[v−	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	569	27	p2,p2	p2,p2	VBN
work_3ehybzpqvbdsjlegtnkdycupja	569	28	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	569	29	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	569	30	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	569	31	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	569	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	570	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	570	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	570	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	570	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	570	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	570	6	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	570	7	Cov[v	Cov[v	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	570	8	−p2,p2	−p2,p2	JJ
work_3ehybzpqvbdsjlegtnkdycupja	570	9	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	570	10	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	570	11	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	570	12	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	570	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	571	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	571	2	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	571	3	states	state	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	571	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	571	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	571	6	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	571	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	571	8	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	571	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	571	10	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	571	11	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	571	12	occurs	occur	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	571	13	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	571	14	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	571	15	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	571	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	571	17	i.e.	i.e.	FW
work_3ehybzpqvbdsjlegtnkdycupja	571	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	571	19	near	near	IN
work_3ehybzpqvbdsjlegtnkdycupja	571	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	571	21	end	end	NN
work_3ehybzpqvbdsjlegtnkdycupja	571	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	571	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	571	24	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	571	25	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	571	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	571	27	whereas	whereas	IN
work_3ehybzpqvbdsjlegtnkdycupja	571	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	571	29	reversal	reversal	NN
work_3ehybzpqvbdsjlegtnkdycupja	571	30	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	571	31	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	571	32	occurs	occur	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	571	33	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	571	34	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	571	35	horizons.38	horizons.38	NNP
work_3ehybzpqvbdsjlegtnkdycupja	571	36	38Numerical	38Numerical	NNP
work_3ehybzpqvbdsjlegtnkdycupja	571	37	simulations	simulation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	571	38	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	571	39	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	571	40	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	571	41	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	571	42	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	571	43	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	571	44	show	show	NN
work_3ehybzpqvbdsjlegtnkdycupja	571	45	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	571	46	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	571	47	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	571	48	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	571	49	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	571	50	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	571	51	both	both	CC
work_3ehybzpqvbdsjlegtnkdycupja	571	52	Cov[v	Cov[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	571	53	−p3,p3	−p3,p3	NN
work_3ehybzpqvbdsjlegtnkdycupja	571	54	−p2	−p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	571	55	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	571	56	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	571	57	Cov[p3	Cov[p3	VBD
work_3ehybzpqvbdsjlegtnkdycupja	571	58	−p2,p2	−p2,p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	571	59	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	571	60	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	571	61	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	571	62	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	571	63	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	572	1	35	35	CD
work_3ehybzpqvbdsjlegtnkdycupja	572	2	Parts	part	NNS
work_3ehybzpqvbdsjlegtnkdycupja	572	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	4	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	572	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	572	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	8	ii	ii	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	572	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	572	12	corollary	corollary	JJ
work_3ehybzpqvbdsjlegtnkdycupja	572	13	hold	hold	NN
work_3ehybzpqvbdsjlegtnkdycupja	572	14	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	572	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	572	16	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	572	17	estimated	estimate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	572	18	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	572	19	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	572	20	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	572	21	imbalance	imbalance	NN
work_3ehybzpqvbdsjlegtnkdycupja	572	22	E1[θ1	e1[θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	572	23	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	24	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	572	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	572	26	opposite	opposite	JJ
work_3ehybzpqvbdsjlegtnkdycupja	572	27	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	572	28	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	572	29	p1−v̄	p1−v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	30	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	572	31	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	572	32	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	572	33	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	572	34	both	both	CC
work_3ehybzpqvbdsjlegtnkdycupja	572	35	p2−p1	p2−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	36	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	572	37	v−p2.39	v−p2.39	NN
work_3ehybzpqvbdsjlegtnkdycupja	572	38	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	572	39	part	part	NN
work_3ehybzpqvbdsjlegtnkdycupja	572	40	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	41	iii	iii	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	42	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	43	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	572	44	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	572	45	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	572	46	decomposition	decomposition	NN
work_3ehybzpqvbdsjlegtnkdycupja	572	47	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	48	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	572	49	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	572	50	normality	normality	NN
work_3ehybzpqvbdsjlegtnkdycupja	572	51	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	572	52	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	572	53	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	54	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	572	55	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	572	56	Cov[v	cov[v	VB
work_3ehybzpqvbdsjlegtnkdycupja	572	57	−p2,p2	−p2,p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	572	58	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	59	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	60	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	572	61	Cov[E1[v	Cov[E1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	62	−p2],E1[p2	−p2],e1[p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	572	63	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	64	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	65	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	66	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	572	67	Cov1[v	cov1[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	572	68	−p2,p2	−p2,p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	572	69	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	70	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	71	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	572	72	βΛ2	βΛ2	:
work_3ehybzpqvbdsjlegtnkdycupja	572	73	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	74	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	75	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	76	Var[E1[θ1	Var[E1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	77	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	78	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	79	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	572	80	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	81	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	572	82	+	+	CD
work_3ehybzpqvbdsjlegtnkdycupja	572	83	γτu∆a2)(βa1∆a2τu	γτu∆a2)(βa1∆a2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	84	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	85	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	86	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	87	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	572	88	γτητuβa1	γτητuβa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	89	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	572	90	γτi2)2τ1τu	γτi2)2τ1τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	572	91	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	573	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	573	2	31	31	CD
work_3ehybzpqvbdsjlegtnkdycupja	573	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	573	4	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	573	5	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	573	6	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	573	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	573	8	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	573	9	decomposition	decomposition	NN
work_3ehybzpqvbdsjlegtnkdycupja	573	10	captures	capture	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	573	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	573	12	covariation	covariation	NN
work_3ehybzpqvbdsjlegtnkdycupja	573	13	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	573	14	forecasts	forecast	NNS
work_3ehybzpqvbdsjlegtnkdycupja	573	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	573	16	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	573	17	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	573	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	573	19	E1[v−p2	E1[v−p2	''
work_3ehybzpqvbdsjlegtnkdycupja	573	20	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	573	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	573	22	E1[p2−p1]—in	e1[p2−p1]—in	JJ
work_3ehybzpqvbdsjlegtnkdycupja	573	23	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	573	24	words	word	NNS
work_3ehybzpqvbdsjlegtnkdycupja	573	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	573	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	573	27	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	573	28	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	573	29	explained	explain	VBD
work_3ehybzpqvbdsjlegtnkdycupja	573	30	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	573	31	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	573	32	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	573	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	574	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	574	2	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	574	3	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	574	4	captures	capture	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	574	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	574	6	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	574	7	covariation	covariation	NN
work_3ehybzpqvbdsjlegtnkdycupja	574	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	574	9	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	574	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	574	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	574	12	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	574	13	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	574	14	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	574	15	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	574	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	575	1	All	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	575	2	else	else	RB
work_3ehybzpqvbdsjlegtnkdycupja	575	3	equal	equal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	575	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	575	5	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	575	6	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	575	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	575	8	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	575	9	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	575	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	575	11	anticipated	anticipate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	575	12	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	575	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	575	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	575	15	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	575	16	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	575	17	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	575	18	imbalance	imbalance	NN
work_3ehybzpqvbdsjlegtnkdycupja	575	19	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	575	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	575	21	second-	second-	NN
work_3ehybzpqvbdsjlegtnkdycupja	575	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	575	23	third	third	JJ
work_3ehybzpqvbdsjlegtnkdycupja	575	24	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	575	25	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	575	26	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	575	27	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	575	28	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	575	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	575	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	575	31	same	same	JJ
work_3ehybzpqvbdsjlegtnkdycupja	575	32	sign	sign	NN
work_3ehybzpqvbdsjlegtnkdycupja	575	33	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	575	34	hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	575	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	575	36	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	575	37	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	575	38	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	575	39	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	575	40	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	575	41	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	575	42	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	575	43	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	575	44	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	575	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	576	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	576	2	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	576	3	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	576	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	576	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	576	6	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	576	7	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	576	8	estimate	estimate	NN
work_3ehybzpqvbdsjlegtnkdycupja	576	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	576	10	selling	selling	NN
work_3ehybzpqvbdsjlegtnkdycupja	576	11	pressure	pressure	NN
work_3ehybzpqvbdsjlegtnkdycupja	576	12	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	576	13	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	576	14	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	576	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	577	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	577	2	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	3	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	577	4	p2	p2	VBD
work_3ehybzpqvbdsjlegtnkdycupja	577	5	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	577	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	577	7	outcome	outcome	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	8	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	9	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	577	10	v	v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	577	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	577	12	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	577	13	likely	likely	JJ
work_3ehybzpqvbdsjlegtnkdycupja	577	14	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	577	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	577	16	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	17	≥	≥	UH
work_3ehybzpqvbdsjlegtnkdycupja	577	18	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	19	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	577	20	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	21	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	577	22	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	577	23	sales	sale	NNS
work_3ehybzpqvbdsjlegtnkdycupja	577	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	577	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	577	26	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	27	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	577	28	likely	likely	JJ
work_3ehybzpqvbdsjlegtnkdycupja	577	29	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	577	30	persist	persist	VB
work_3ehybzpqvbdsjlegtnkdycupja	577	31	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	577	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	577	33	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	577	34	period.40	period.40	NNP
work_3ehybzpqvbdsjlegtnkdycupja	577	35	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	577	36	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	577	37	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	577	38	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	577	40	factoring	factor	VBG
work_3ehybzpqvbdsjlegtnkdycupja	577	41	out	out	RP
work_3ehybzpqvbdsjlegtnkdycupja	577	42	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	577	43	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	44	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	577	45	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	577	46	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	577	47	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	48	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	49	suggests	suggest	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	577	50	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	577	51	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	577	52	joint	joint	JJ
work_3ehybzpqvbdsjlegtnkdycupja	577	53	covariation	covariation	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	54	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	577	55	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	577	56	around	around	IN
work_3ehybzpqvbdsjlegtnkdycupja	577	57	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	577	58	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	577	59	could	could	MD
work_3ehybzpqvbdsjlegtnkdycupja	577	60	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	577	61	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	577	62	either	either	CC
work_3ehybzpqvbdsjlegtnkdycupja	577	63	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	577	64	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	65	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	66	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	577	67	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	577	68	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	577	69	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	577	70	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	578	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	578	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	578	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	578	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	578	5	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	578	6	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	578	7	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	578	8	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	578	9	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	578	10	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	578	11	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	578	12	hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	578	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	578	14	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	578	15	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	578	16	predominates	predominate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	578	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	578	18	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	578	19	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	578	20	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	578	21	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	578	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	578	23	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	578	24	around	around	IN
work_3ehybzpqvbdsjlegtnkdycupja	578	25	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	578	26	means.41	means.41	NNP
work_3ehybzpqvbdsjlegtnkdycupja	578	27	Conversely	conversely	RB
work_3ehybzpqvbdsjlegtnkdycupja	578	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	578	29	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	578	30	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	578	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	578	32	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	578	33	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	578	34	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	578	35	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	578	36	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	578	37	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	578	38	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	578	39	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	578	40	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	578	41	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	578	42	tend	tend	VBP
work_3ehybzpqvbdsjlegtnkdycupja	578	43	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	578	44	covary	covary	JJ
work_3ehybzpqvbdsjlegtnkdycupja	578	45	around	around	IN
work_3ehybzpqvbdsjlegtnkdycupja	578	46	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	578	47	means	mean	NNS
work_3ehybzpqvbdsjlegtnkdycupja	578	48	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	578	49	opposite	opposite	JJ
work_3ehybzpqvbdsjlegtnkdycupja	578	50	directions	direction	NNS
work_3ehybzpqvbdsjlegtnkdycupja	578	51	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	579	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	579	2	τη	τη	FW
work_3ehybzpqvbdsjlegtnkdycupja	579	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	579	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	579	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	579	6	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	579	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	579	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	579	9	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	579	10	obtained	obtain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	579	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	579	12	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	579	13	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	579	14	continue	continue	VBP
work_3ehybzpqvbdsjlegtnkdycupja	579	15	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	579	16	hold	hold	VB
work_3ehybzpqvbdsjlegtnkdycupja	579	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	580	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	580	2	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	580	3	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	580	4	prove	prove	VB
work_3ehybzpqvbdsjlegtnkdycupja	580	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	580	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	580	7	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	580	8	β	β	DT
work_3ehybzpqvbdsjlegtnkdycupja	580	9	sufficiently	sufficiently	RB
work_3ehybzpqvbdsjlegtnkdycupja	580	10	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	580	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	580	12	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	580	13	occurs	occur	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	580	14	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	580	15	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	580	16	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	580	17	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	580	18	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	580	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	580	20	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	580	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	580	22	numerical	numerical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	580	23	simulations	simulation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	580	24	confirm	confirm	VBP
work_3ehybzpqvbdsjlegtnkdycupja	580	25	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	580	26	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	580	27	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	580	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	580	29	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	580	30	τη	τη	FW
work_3ehybzpqvbdsjlegtnkdycupja	580	31	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	580	32	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	580	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	580	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	581	1	Formally	formally	RB
work_3ehybzpqvbdsjlegtnkdycupja	581	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	581	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	581	4	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	581	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	581	6	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	581	7	statement	statement	NN
work_3ehybzpqvbdsjlegtnkdycupja	581	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	582	1	39One	39one	CD
work_3ehybzpqvbdsjlegtnkdycupja	582	2	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	582	3	easily	easily	RB
work_3ehybzpqvbdsjlegtnkdycupja	582	4	verify	verify	VB
work_3ehybzpqvbdsjlegtnkdycupja	582	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	582	6	Cov[v−p2,p1−v̄	Cov[v−p2,p1−v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	7	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	582	8	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	582	9	Cov[E1[v−p2],E1[p1−v̄	Cov[E1[v−p2],E1[p1−v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	10	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	582	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	582	12	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	582	13	−βΛ2	−βΛ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	14	Cov[E1[θ1],p1	Cov[E1[θ1],p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	15	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	582	16	<	<	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	17	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	582	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	582	19	Cov[p2	Cov[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	20	−p1,p1	−p1,p1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	582	21	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	22	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	23	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	582	24	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	582	25	Cov[E1[p2	cov[e1[p2	SYM
work_3ehybzpqvbdsjlegtnkdycupja	582	26	−p1],E1[p1	−p1],E1[p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	27	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	28	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	29	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	582	30	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	582	31	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	582	32	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	582	33	βΛ2	βΛ2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	582	34	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	35	Λ1	Λ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	582	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	582	37	Cov[E1[θ1],p1	cov[e1[θ1],p1	CD
work_3ehybzpqvbdsjlegtnkdycupja	582	38	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	582	39	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	582	40	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	582	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	583	1	40Suppose	40suppose	IN
work_3ehybzpqvbdsjlegtnkdycupja	583	2	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	583	3	E1[θ1	e1[θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	583	4	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	583	5	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	583	6	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	583	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	584	1	Then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	584	2	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	584	3	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	584	4	equation	equation	NN
work_3ehybzpqvbdsjlegtnkdycupja	584	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	584	6	14	14	CD
work_3ehybzpqvbdsjlegtnkdycupja	584	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	584	8	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	584	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	584	10	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	584	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	584	12	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	584	13	so	so	IN
work_3ehybzpqvbdsjlegtnkdycupja	584	14	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	584	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	584	16	risk-	risk-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	584	17	averse	averse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	584	18	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	584	19	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	584	20	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	584	21	awarded	award	VBN
work_3ehybzpqvbdsjlegtnkdycupja	584	22	higher	higher	RBR
work_3ehybzpqvbdsjlegtnkdycupja	584	23	expected	expected	JJ
work_3ehybzpqvbdsjlegtnkdycupja	584	24	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	584	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	584	26	inducing	induce	VBG
work_3ehybzpqvbdsjlegtnkdycupja	584	27	her	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	584	28	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	584	29	absorb	absorb	VB
work_3ehybzpqvbdsjlegtnkdycupja	584	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	584	31	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	584	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	585	1	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	585	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	585	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	585	4	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	585	5	E1[p2	e1[p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	585	6	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	585	7	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	585	8	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	585	9	=	=	NN
work_3ehybzpqvbdsjlegtnkdycupja	585	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	585	11	βΛ2	βΛ2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	585	12	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	585	13	Λ1)E1[θ1	Λ1)E1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	585	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	585	15	>	>	NNP
work_3ehybzpqvbdsjlegtnkdycupja	585	16	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	585	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	586	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	586	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	586	3	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	586	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	586	5	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	586	6	selling	sell	VBG
work_3ehybzpqvbdsjlegtnkdycupja	586	7	pressure	pressure	NN
work_3ehybzpqvbdsjlegtnkdycupja	586	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	586	9	likely	likely	JJ
work_3ehybzpqvbdsjlegtnkdycupja	586	10	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	586	11	persist	persist	VB
work_3ehybzpqvbdsjlegtnkdycupja	586	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	586	13	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	586	14	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	586	15	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	586	16	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	586	17	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	586	18	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	586	19	depressed	depress	VBN
work_3ehybzpqvbdsjlegtnkdycupja	586	20	again	again	RB
work_3ehybzpqvbdsjlegtnkdycupja	586	21	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	586	22	date	date	NN
work_3ehybzpqvbdsjlegtnkdycupja	586	23	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	586	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	586	25	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	586	26	thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	586	27	ensure	ensure	VB
work_3ehybzpqvbdsjlegtnkdycupja	586	28	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	586	29	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	586	30	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	586	31	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	586	32	E1[v	E1[v	NFP
work_3ehybzpqvbdsjlegtnkdycupja	586	33	−p2	−p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	586	34	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	586	35	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	586	36	−βΛ2E1[θ1	−βλ2e1[θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	586	37	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	586	38	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	586	39	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	586	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	587	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	587	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	587	3	way	way	NN
work_3ehybzpqvbdsjlegtnkdycupja	587	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	587	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	587	6	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	587	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	587	8	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	587	9	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	587	10	offsets	offset	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	587	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	587	12	mean	mean	NNP
work_3ehybzpqvbdsjlegtnkdycupja	587	13	reversion	reversion	NN
work_3ehybzpqvbdsjlegtnkdycupja	587	14	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	587	15	resulting	result	VBG
work_3ehybzpqvbdsjlegtnkdycupja	587	16	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	587	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	587	18	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	587	19	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	587	20	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	587	21	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	587	22	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	587	23	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	587	24	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	587	25	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	587	26	unwinding	unwind	VBG
work_3ehybzpqvbdsjlegtnkdycupja	587	27	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	587	28	date	date	NN
work_3ehybzpqvbdsjlegtnkdycupja	587	29	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	587	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	588	1	41Proposition	41proposition	CD
work_3ehybzpqvbdsjlegtnkdycupja	588	2	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	588	3	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	588	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	588	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	588	6	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	588	7	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	588	8	1+γτu∆a2	1+γτu∆a2	CD
work_3ehybzpqvbdsjlegtnkdycupja	588	9	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	588	10	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	588	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	588	12	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	588	13	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	588	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	588	15	31	31	CD
work_3ehybzpqvbdsjlegtnkdycupja	588	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	588	17	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	588	18	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	588	19	Cov1[v−p2,p2−p1	Cov1[v−p2,p2−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	588	20	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	588	21	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	588	22	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	588	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	589	1	36	36	CD
work_3ehybzpqvbdsjlegtnkdycupja	589	2	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	589	3	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	589	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	590	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	590	2	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	590	3	=	=	NN
work_3ehybzpqvbdsjlegtnkdycupja	590	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	590	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	591	1	Then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	591	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	591	3	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	591	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	591	5	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	591	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	591	7	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	591	8	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	591	9	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	591	10	τ̂v	τ̂v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	591	11	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	591	12	exists	exist	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	591	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	591	14	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	591	15	β̂	β̂	.
work_3ehybzpqvbdsjlegtnkdycupja	591	16	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	591	17	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	591	18	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	591	19	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	591	20	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	591	21	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	591	22	β̂	β̂	CD
work_3ehybzpqvbdsjlegtnkdycupja	591	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	591	24	Cov[v	Cov[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	591	25	−p2,p2	−p2,p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	591	26	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	591	27	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	591	28	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	591	29	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	591	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	592	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	592	2	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	592	3	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	592	4	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	592	5	τ̂v	τ̂v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	592	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	592	7	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	592	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	592	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	592	10	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	592	11	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	592	12	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	592	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	592	14	A.28	a.28	NN
work_3ehybzpqvbdsjlegtnkdycupja	592	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	592	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	592	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	593	1	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	593	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	593	3	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	593	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	593	5	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	593	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	593	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	593	8	sign	sign	NN
work_3ehybzpqvbdsjlegtnkdycupja	593	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	593	10	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	593	11	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	593	12	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	593	13	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	593	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	593	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	593	16	due	due	JJ
work_3ehybzpqvbdsjlegtnkdycupja	593	17	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	593	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	593	19	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	593	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	593	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	593	22	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	593	23	explained	explain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	593	24	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	593	25	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	593	26	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	593	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	593	28	31	31	CD
work_3ehybzpqvbdsjlegtnkdycupja	593	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	593	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	594	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	594	2	finding	finding	NN
work_3ehybzpqvbdsjlegtnkdycupja	594	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	594	4	consistent	consistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	594	5	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	594	6	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	594	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	594	8	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	594	9	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	594	10	being	be	VBG
work_3ehybzpqvbdsjlegtnkdycupja	594	11	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	594	12	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	594	13	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	594	14	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	594	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	594	16	so	so	CC
work_3ehybzpqvbdsjlegtnkdycupja	594	17	here	here	RB
work_3ehybzpqvbdsjlegtnkdycupja	594	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	594	19	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	594	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	594	21	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	594	22	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	594	23	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	594	24	sign	sign	NN
work_3ehybzpqvbdsjlegtnkdycupja	594	25	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	594	26	poor	poor	JJ
work_3ehybzpqvbdsjlegtnkdycupja	594	27	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	594	28	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	594	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	595	1	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	595	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	595	3	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	595	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	595	5	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	595	6	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	595	7	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	595	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	595	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	595	10	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	595	11	β	β	DT
work_3ehybzpqvbdsjlegtnkdycupja	595	12	sufficiently	sufficiently	RB
work_3ehybzpqvbdsjlegtnkdycupja	595	13	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	595	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	595	15	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	595	16	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	595	17	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	595	18	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	595	19	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	595	20	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	595	21	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	595	22	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	595	23	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	595	24	information.42	information.42	NNP
work_3ehybzpqvbdsjlegtnkdycupja	595	25	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	595	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	595	27	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	595	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	595	29	however	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	595	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	595	31	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	595	32	occurs	occur	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	595	33	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	595	34	any	any	DT
work_3ehybzpqvbdsjlegtnkdycupja	595	35	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	595	36	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	595	37	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	595	38	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	595	39	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	595	40	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	595	41	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	595	42	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	595	43	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	595	44	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	596	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	596	2	means	mean	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	596	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	596	4	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	596	5	though	though	RB
work_3ehybzpqvbdsjlegtnkdycupja	596	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	596	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	596	8	very	very	RB
work_3ehybzpqvbdsjlegtnkdycupja	596	9	mild	mild	JJ
work_3ehybzpqvbdsjlegtnkdycupja	596	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	596	11	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	596	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	596	13	required	require	VBN
work_3ehybzpqvbdsjlegtnkdycupja	596	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	596	15	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	596	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	596	17	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	596	18	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	596	19	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	596	20	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	596	21	due	due	JJ
work_3ehybzpqvbdsjlegtnkdycupja	596	22	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	596	23	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	596	24	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	596	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	597	1	To	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	597	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	597	3	contrary	contrary	NN
work_3ehybzpqvbdsjlegtnkdycupja	597	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	597	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	597	6	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	597	7	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	597	8	illustrated	illustrate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	597	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	597	10	Proposition	Proposition	NNP
work_3ehybzpqvbdsjlegtnkdycupja	597	11	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	597	12	suggest	suggest	VBP
work_3ehybzpqvbdsjlegtnkdycupja	597	13	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	597	14	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	597	15	here	here	RB
work_3ehybzpqvbdsjlegtnkdycupja	597	16	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	597	17	rather	rather	RB
work_3ehybzpqvbdsjlegtnkdycupja	597	18	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	597	19	sign	sign	NN
work_3ehybzpqvbdsjlegtnkdycupja	597	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	597	21	rapid	rapid	JJ
work_3ehybzpqvbdsjlegtnkdycupja	597	22	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	597	23	convergence	convergence	NN
work_3ehybzpqvbdsjlegtnkdycupja	597	24	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	597	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	597	26	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	597	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	598	1	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	598	2	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	598	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	598	4	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	598	5	time	time	NNP
work_3ehybzpqvbdsjlegtnkdycupja	598	6	series	series	NNP
work_3ehybzpqvbdsjlegtnkdycupja	598	7	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	598	8	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	598	9	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	598	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	598	11	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	598	12	spans	span	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	598	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	598	14	vast	vast	JJ
work_3ehybzpqvbdsjlegtnkdycupja	598	15	class	class	NN
work_3ehybzpqvbdsjlegtnkdycupja	598	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	598	17	finan-	finan-	NN
work_3ehybzpqvbdsjlegtnkdycupja	598	18	cial	cial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	598	19	instruments	instrument	NNS
work_3ehybzpqvbdsjlegtnkdycupja	598	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	598	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	598	22	lagged	lag	VBN
work_3ehybzpqvbdsjlegtnkdycupja	598	23	12-month	12-month	CD
work_3ehybzpqvbdsjlegtnkdycupja	598	24	excess	excess	JJ
work_3ehybzpqvbdsjlegtnkdycupja	598	25	return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	598	26	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	598	27	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	598	28	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	598	29	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	598	30	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	598	31	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	598	32	good	good	JJ
work_3ehybzpqvbdsjlegtnkdycupja	598	33	predictor	predictor	NN
work_3ehybzpqvbdsjlegtnkdycupja	598	34	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	598	35	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	598	36	same	same	JJ
work_3ehybzpqvbdsjlegtnkdycupja	598	37	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	598	38	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	598	39	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	598	40	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	598	41	year	year	NN
work_3ehybzpqvbdsjlegtnkdycupja	598	42	ahead	ahead	RB
work_3ehybzpqvbdsjlegtnkdycupja	598	43	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	598	44	return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	598	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	599	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	2	addition	addition	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	599	4	Moskowitz	Moskowitz	NNP
work_3ehybzpqvbdsjlegtnkdycupja	599	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	599	6	Ooi	Ooi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	599	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	599	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	599	9	Ped-	Ped-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	599	10	ersen	ersen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	599	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	599	12	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	599	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	599	14	document	document	VB
work_3ehybzpqvbdsjlegtnkdycupja	599	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	599	16	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	599	17	patterns	pattern	NNS
work_3ehybzpqvbdsjlegtnkdycupja	599	18	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	599	19	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	20	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	21	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	599	22	series	series	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	23	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	24	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	599	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	599	26	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	599	28	hedgers	hedgers	NNP
work_3ehybzpqvbdsjlegtnkdycupja	599	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	599	30	who	who	WP
work_3ehybzpqvbdsjlegtnkdycupja	599	31	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	32	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	599	33	setup	setup	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	34	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	599	35	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	599	36	proxied	proxie	VBN
work_3ehybzpqvbdsjlegtnkdycupja	599	37	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	38	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	39	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	599	40	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	599	41	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	599	42	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	599	43	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	599	44	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	45	extended	extended	JJ
work_3ehybzpqvbdsjlegtnkdycupja	599	46	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	47	periods	period	NNS
work_3ehybzpqvbdsjlegtnkdycupja	599	48	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	599	49	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	599	50	induce	induce	VB
work_3ehybzpqvbdsjlegtnkdycupja	599	51	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	599	52	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	599	53	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	54	pressure	pressure	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	55	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	599	56	yielding	yield	VBG
work_3ehybzpqvbdsjlegtnkdycupja	599	57	continuation	continuation	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	58	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	59	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	599	60	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	599	61	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	599	62	ii	ii	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	63	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	599	64	speculators	speculator	NNS
work_3ehybzpqvbdsjlegtnkdycupja	599	65	benefit	benefit	VBP
work_3ehybzpqvbdsjlegtnkdycupja	599	66	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	67	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	68	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	599	69	series	series	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	70	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	71	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	72	going	go	VBG
work_3ehybzpqvbdsjlegtnkdycupja	599	73	long	long	RB
work_3ehybzpqvbdsjlegtnkdycupja	599	74	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	75	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	599	76	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	77	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	599	78	exploit	exploit	VB
work_3ehybzpqvbdsjlegtnkdycupja	599	79	its	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	599	80	anticipated	anticipate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	599	81	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	82	trend	trend	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	83	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	599	84	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	85	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	599	86	expense	expense	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	87	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	88	hedgers	hedger	NNS
work_3ehybzpqvbdsjlegtnkdycupja	599	89	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	599	90	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	599	91	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	599	92	iii	iii	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	93	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	599	94	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	599	95	spot	spot	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	96	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	97	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	98	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	599	99	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	100	underlying	underlie	VBG
work_3ehybzpqvbdsjlegtnkdycupja	599	101	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	599	102	futures	future	NNS
work_3ehybzpqvbdsjlegtnkdycupja	599	103	reacts	react	NNS
work_3ehybzpqvbdsjlegtnkdycupja	599	104	slowly	slowly	RB
work_3ehybzpqvbdsjlegtnkdycupja	599	105	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	599	106	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	599	107	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	600	1	These	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	600	2	patterns	pattern	NNS
work_3ehybzpqvbdsjlegtnkdycupja	600	3	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	600	4	con-	con-	NN
work_3ehybzpqvbdsjlegtnkdycupja	600	5	sistent	sistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	600	6	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	600	7	behavior	behavior	NN
work_3ehybzpqvbdsjlegtnkdycupja	600	8	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	600	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	600	10	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	600	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	601	1	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	601	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	601	3	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	601	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	601	5	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	601	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	601	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	601	8	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	601	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	601	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	601	11	long-	long-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	601	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	601	13	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	601	14	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	601	15	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	601	16	components	component	NNS
work_3ehybzpqvbdsjlegtnkdycupja	601	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	601	18	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	601	19	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	601	20	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	601	21	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	601	22	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	601	23	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	601	24	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	601	25	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	601	26	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	601	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	601	28	same	same	JJ
work_3ehybzpqvbdsjlegtnkdycupja	601	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	601	30	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	601	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	601	32	sign	sign	NN
work_3ehybzpqvbdsjlegtnkdycupja	601	33	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	601	34	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	601	35	equations	equation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	601	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	601	37	29a	29a	CD
work_3ehybzpqvbdsjlegtnkdycupja	601	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	601	39	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	601	40	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	601	41	29b	29b	NNS
work_3ehybzpqvbdsjlegtnkdycupja	601	42	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	601	43	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	602	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	602	2	implication	implication	NN
work_3ehybzpqvbdsjlegtnkdycupja	602	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	602	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	602	5	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	602	6	fully	fully	RB
work_3ehybzpqvbdsjlegtnkdycupja	602	7	exploit	exploit	VBP
work_3ehybzpqvbdsjlegtnkdycupja	602	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	602	9	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	602	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	602	11	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	602	12	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	602	13	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	602	14	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	602	15	mildly	mildly	RB
work_3ehybzpqvbdsjlegtnkdycupja	602	16	offsetting	offset	VBG
work_3ehybzpqvbdsjlegtnkdycupja	602	17	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	602	18	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	602	19	im-	im-	DT
work_3ehybzpqvbdsjlegtnkdycupja	602	20	pact	pact	NN
work_3ehybzpqvbdsjlegtnkdycupja	602	21	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	602	22	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	602	23	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	602	24	so	so	IN
work_3ehybzpqvbdsjlegtnkdycupja	602	25	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	602	26	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	602	27	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	602	28	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	602	29	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	602	30	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	602	31	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	602	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	603	1	Under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	603	2	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	603	3	conditions	condition	NNS
work_3ehybzpqvbdsjlegtnkdycupja	603	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	603	5	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	603	6	pays	pay	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	603	7	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	603	8	exploit	exploit	VB
work_3ehybzpqvbdsjlegtnkdycupja	603	9	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	603	10	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	603	11	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	603	12	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	603	13	precisely	precisely	RB
work_3ehybzpqvbdsjlegtnkdycupja	603	14	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	603	15	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	603	16	little	little	JJ
work_3ehybzpqvbdsjlegtnkdycupja	603	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	603	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	603	19	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	603	20	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	603	21	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	603	22	affects	affect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	603	23	aggregate	aggregate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	603	24	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	603	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	604	1	B	B	NNP
work_3ehybzpqvbdsjlegtnkdycupja	604	2	Expected	expected	JJ
work_3ehybzpqvbdsjlegtnkdycupja	604	3	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	604	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	604	5	return	return	VB
work_3ehybzpqvbdsjlegtnkdycupja	604	6	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	604	7	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	604	8	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	604	9	address	address	VBP
work_3ehybzpqvbdsjlegtnkdycupja	604	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	604	11	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	604	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	604	13	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	604	14	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	604	15	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	604	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	604	17	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	604	18	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	604	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	604	20	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	604	21	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	604	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	605	1	42This	42this	CD
work_3ehybzpqvbdsjlegtnkdycupja	605	2	claim	claim	NN
work_3ehybzpqvbdsjlegtnkdycupja	605	3	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	605	4	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	605	5	demonstrated	demonstrate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	605	6	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	605	7	computing	compute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	605	8	limτε→0	limτε→0	NNP
work_3ehybzpqvbdsjlegtnkdycupja	605	9	Cov[v−p2,p2	Cov[v−p2,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	605	10	−p1	−p1	FW
work_3ehybzpqvbdsjlegtnkdycupja	605	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	605	12	=	=	FW
work_3ehybzpqvbdsjlegtnkdycupja	605	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	605	14	β−γ2τvτu)/γ4τ2uτ3v	β−γ2τvτu)/γ4τ2uτ3v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	605	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	605	16	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	605	17	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	605	18	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	605	19	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	605	20	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	605	21	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	605	22	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	605	23	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	605	24	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	605	25	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	605	26	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	605	27	γ2τvτu	γ2τvτu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	605	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	606	1	37	37	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	2	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	606	3	start	start	VBP
work_3ehybzpqvbdsjlegtnkdycupja	606	4	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	606	5	computing	compute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	606	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	606	7	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	606	8	traded	trade	VBN
work_3ehybzpqvbdsjlegtnkdycupja	606	9	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	606	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	606	12	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	13	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	606	14	heterogeneous	heterogeneous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	606	15	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	16	net	net	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	606	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	606	19	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	606	20	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	21	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	606	22	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	606	23	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	606	24	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	606	25	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	606	26	information.43	information.43	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	27	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	606	28	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	606	29	V1	V1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	30	≡	≡	ADD
work_3ehybzpqvbdsjlegtnkdycupja	606	31	∫	∫	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	32	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	33	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	34	E[|X1(si	e[|x1(si	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	606	36	p1)|	p1)|	JJ
work_3ehybzpqvbdsjlegtnkdycupja	606	37	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	38	di−	di−	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	39	∫	∫	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	40	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	41	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	42	E[|X1(p1)|	E[|X1(p1)|	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	43	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	44	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	45	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	606	46	∫	∫	NFP
work_3ehybzpqvbdsjlegtnkdycupja	606	47	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	48	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	49	√	√	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	50	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	51	π	π	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	52	Var[X1(si	Var[X1(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	53	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	606	54	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	55	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	56	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	57	di−	di−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	58	∫	∫	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	59	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	60	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	61	√	√	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	62	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	63	π	π	SYM
work_3ehybzpqvbdsjlegtnkdycupja	606	64	Var[X1(p1	var[x1(p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	65	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	66	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	67	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	68	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	606	69	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	70	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	71	π	π	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	72	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	73	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	74	a21τ	a21τ	UH
work_3ehybzpqvbdsjlegtnkdycupja	606	75	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	76	ε	ε	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	77	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	606	78	τ	τ	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	79	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	80	u	u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	81	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	82	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	83	τ−1u	τ−1u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	84	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	85	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	86	32	32	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	87	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	88	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	606	89	V2	v2	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	90	≡	≡	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	91	∫	∫	:
work_3ehybzpqvbdsjlegtnkdycupja	606	92	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	93	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	94	E[|X2(si	e[|x2(si	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	95	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	606	96	p1,p2	p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	97	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	98	−X1(si	−X1(si	NNS
work_3ehybzpqvbdsjlegtnkdycupja	606	99	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	606	100	p1)|	p1)|	JJ
work_3ehybzpqvbdsjlegtnkdycupja	606	101	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	102	di−	di−	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	103	∫	∫	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	104	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	105	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	106	E[|X2(p1,p2	E[|X2(p1,p2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	606	107	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	108	−X1(p1)|	−X1(p1)|	NNS
work_3ehybzpqvbdsjlegtnkdycupja	606	109	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	110	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	111	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	606	112	∫	∫	NFP
work_3ehybzpqvbdsjlegtnkdycupja	606	113	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	114	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	115	√	√	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	116	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	117	π	π	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	118	Var	var	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	119	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	120	X2(si	x2(si	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	121	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	606	122	p1,p2	p1,p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	123	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	124	−X1(si	−X1(si	NNS
work_3ehybzpqvbdsjlegtnkdycupja	606	125	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	606	126	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	127	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	128	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	129	di−	di−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	130	∫	∫	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	131	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	132	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	133	√	√	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	134	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	135	π	π	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	136	Var	var	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	137	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	138	X2(p1,p2	X2(p1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	139	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	140	−X1(p1	−X1(p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	141	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	142	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	143	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	144	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	606	145	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	146	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	147	π	π	NN
work_3ehybzpqvbdsjlegtnkdycupja	606	148	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	149	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	150	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	151	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	152	−a2)2τ−1ε	−a2)2τ−1ε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	153	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	606	154	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	155	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	156	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	606	157	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	158	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	159	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	160	1)2)τ−1u	1)2)τ−1u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	161	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	162	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	163	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	164	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	606	165	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	606	166	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	167	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	168	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	169	1)2)τ−1u	1)2)τ−1u	NNP
work_3ehybzpqvbdsjlegtnkdycupja	606	170	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	606	171	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	607	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	607	2	33	33	CD
work_3ehybzpqvbdsjlegtnkdycupja	607	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	607	4	Using	use	VBG
work_3ehybzpqvbdsjlegtnkdycupja	607	5	V1	V1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	607	6	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	607	7	V2	v2	NN
work_3ehybzpqvbdsjlegtnkdycupja	607	8	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	607	9	measure	measure	VB
work_3ehybzpqvbdsjlegtnkdycupja	607	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	607	11	total	total	JJ
work_3ehybzpqvbdsjlegtnkdycupja	607	12	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	607	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	607	14	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	607	15	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	607	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	607	17	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	607	18	obtain	obtain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	607	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	607	20	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	607	21	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	607	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	608	1	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	608	2	9	9	CD
work_3ehybzpqvbdsjlegtnkdycupja	608	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	608	4	Expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	608	5	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	608	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	608	7	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	608	8	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	608	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	608	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	609	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	609	2	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	609	3	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	609	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	609	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	610	1	Then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	610	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	610	3	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	610	4	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	610	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	610	6	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	610	7	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	610	8	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	610	9	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	610	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	610	11	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	610	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	610	13	1	1	LS
work_3ehybzpqvbdsjlegtnkdycupja	610	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	610	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	610	16	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	610	17	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	610	18	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	610	19	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	610	20	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	610	21	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	610	22	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	610	23	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	610	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	610	25	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	610	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	611	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	611	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	611	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	611	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	611	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	611	6	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	611	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	611	8	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	611	9	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	611	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	611	11	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	611	12	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	611	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	611	14	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	611	15	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	611	16	survives	survive	NNS
work_3ehybzpqvbdsjlegtnkdycupja	611	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	612	1	Proof	proof	NN
work_3ehybzpqvbdsjlegtnkdycupja	612	2	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	613	1	Rearranging	Rearranging	NNP
work_3ehybzpqvbdsjlegtnkdycupja	613	2	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	613	3	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	613	4	’s	’s	NN
work_3ehybzpqvbdsjlegtnkdycupja	613	5	expressions	expression	NNS
work_3ehybzpqvbdsjlegtnkdycupja	613	6	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	613	7	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	613	8	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	613	9	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	613	10	xin	xin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	613	11	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	613	12	anεin	anεin	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	613	13	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	613	14	θn	θn	NN
work_3ehybzpqvbdsjlegtnkdycupja	613	15	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	613	16	n	n	NN
work_3ehybzpqvbdsjlegtnkdycupja	613	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	613	18	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	613	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	613	20	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	613	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	614	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	614	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	614	3	normally	normally	RB
work_3ehybzpqvbdsjlegtnkdycupja	614	4	distributed	distribute	VBN
work_3ehybzpqvbdsjlegtnkdycupja	614	5	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	614	6	variable	variable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	614	7	Y	Y	NNP
work_3ehybzpqvbdsjlegtnkdycupja	614	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	614	9	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	614	10	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	614	11	E[|Y	e[|y	CD
work_3ehybzpqvbdsjlegtnkdycupja	614	12	|	|	NNP
work_3ehybzpqvbdsjlegtnkdycupja	614	13	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	614	14	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	614	15	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	614	16	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	614	17	π	π	NN
work_3ehybzpqvbdsjlegtnkdycupja	614	18	Var[Y	var[y	NN
work_3ehybzpqvbdsjlegtnkdycupja	614	19	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	614	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	615	1	Since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	615	2	a∗∗∗1	a∗∗∗1	DT
work_3ehybzpqvbdsjlegtnkdycupja	615	3	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	615	4	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	615	5	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	615	6	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	615	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	615	8	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	615	9	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	615	10	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	615	11	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	615	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	615	13	32	32	CD
work_3ehybzpqvbdsjlegtnkdycupja	615	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	615	15	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	615	16	V1	V1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	615	17	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	615	18	larger	large	JJR
work_3ehybzpqvbdsjlegtnkdycupja	615	19	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	615	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	615	21	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	615	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	616	1	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	616	2	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	616	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	616	4	33	33	CD
work_3ehybzpqvbdsjlegtnkdycupja	616	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	616	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	616	7	V1	V1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	616	8	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	616	9	V2	v2	NN
work_3ehybzpqvbdsjlegtnkdycupja	616	10	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	616	11	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	616	12	increasing	increase	VBG
work_3ehybzpqvbdsjlegtnkdycupja	616	13	function	function	NN
work_3ehybzpqvbdsjlegtnkdycupja	616	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	616	15	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	616	16	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	616	17	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	616	18	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	616	19	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	616	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	616	21	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	616	22	condition	condition	NN
work_3ehybzpqvbdsjlegtnkdycupja	616	23	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	616	24	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	616	25	satisfied	satisfied	JJ
work_3ehybzpqvbdsjlegtnkdycupja	616	26	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	616	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	616	28	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	616	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	617	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	617	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	617	3	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	617	4	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	617	5	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	617	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	617	7	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	617	8	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	617	9	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	617	10	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	617	11	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	617	12	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	617	13	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	617	14	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	617	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	618	1	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	618	2	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	618	3	intuition	intuition	NN
work_3ehybzpqvbdsjlegtnkdycupja	618	4	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	618	5	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	618	6	9	9	CD
work_3ehybzpqvbdsjlegtnkdycupja	618	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	618	8	straightforward	straightforward	JJ
work_3ehybzpqvbdsjlegtnkdycupja	618	9	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	618	10	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	618	11	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	618	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	618	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	618	14	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	618	15	step	step	VB
work_3ehybzpqvbdsjlegtnkdycupja	618	16	up	up	RP
work_3ehybzpqvbdsjlegtnkdycupja	618	17	43In	43in	CD
work_3ehybzpqvbdsjlegtnkdycupja	618	18	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	618	19	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	618	20	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	618	21	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	618	22	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	618	23	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	618	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	618	25	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	618	26	absorb	absorb	VBP
work_3ehybzpqvbdsjlegtnkdycupja	618	27	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	618	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	618	29	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	618	30	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	618	31	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	618	32	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	618	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	619	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	619	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	619	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	619	4	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	619	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	619	6	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	619	7	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	619	8	reflect	reflect	VBP
work_3ehybzpqvbdsjlegtnkdycupja	619	9	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	619	10	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	619	11	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	619	12	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	619	13	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	619	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	619	15	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	619	16	E[|x1|	e[|x1|	NN
work_3ehybzpqvbdsjlegtnkdycupja	619	17	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	619	18	=	=	FW
work_3ehybzpqvbdsjlegtnkdycupja	619	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	619	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	619	21	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	619	22	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	619	23	π)τ−1u	π)τ−1u	JJ
work_3ehybzpqvbdsjlegtnkdycupja	619	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	619	25	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	619	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	620	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	620	2	approach	approach	NN
work_3ehybzpqvbdsjlegtnkdycupja	620	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	620	4	taken	take	VBN
work_3ehybzpqvbdsjlegtnkdycupja	620	5	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	620	6	He	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	620	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	620	8	Wang	Wang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	620	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	620	10	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	620	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	620	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	620	13	among	among	IN
work_3ehybzpqvbdsjlegtnkdycupja	620	14	others	other	NNS
work_3ehybzpqvbdsjlegtnkdycupja	620	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	621	1	38	38	CD
work_3ehybzpqvbdsjlegtnkdycupja	621	2	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	621	3	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	621	4	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	621	5	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	621	6	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	621	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	621	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	621	9	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	621	10	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	621	11	due	due	IN
work_3ehybzpqvbdsjlegtnkdycupja	621	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	621	13	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	621	14	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	621	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	621	16	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	621	17	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	621	18	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	621	19	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	621	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	622	1	Taken	take	VBN
work_3ehybzpqvbdsjlegtnkdycupja	622	2	together	together	RB
work_3ehybzpqvbdsjlegtnkdycupja	622	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	622	4	Corollaries	Corollaries	NNP
work_3ehybzpqvbdsjlegtnkdycupja	622	5	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	622	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	622	7	9	9	CD
work_3ehybzpqvbdsjlegtnkdycupja	622	8	imply	imply	VBP
work_3ehybzpqvbdsjlegtnkdycupja	622	9	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	622	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	622	11	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	622	12	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	622	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	622	14	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	622	15	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	622	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	622	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	622	18	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	622	19	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	622	20	predicts	predict	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	622	21	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	622	22	continuation	continuation	NN
work_3ehybzpqvbdsjlegtnkdycupja	622	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	622	24	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	622	25	regardless	regardless	RB
work_3ehybzpqvbdsjlegtnkdycupja	622	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	622	27	how	how	WRB
work_3ehybzpqvbdsjlegtnkdycupja	622	28	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	622	29	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	622	30	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	622	31	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	622	32	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	622	33	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	622	34	conclusion	conclusion	NN
work_3ehybzpqvbdsjlegtnkdycupja	622	35	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	622	36	accords	accord	NNS
work_3ehybzpqvbdsjlegtnkdycupja	622	37	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	622	38	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	622	39	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	622	40	presented	present	VBN
work_3ehybzpqvbdsjlegtnkdycupja	622	41	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	622	42	Llorente	Llorente	NNP
work_3ehybzpqvbdsjlegtnkdycupja	622	43	et	et	FW
work_3ehybzpqvbdsjlegtnkdycupja	622	44	al	al	NNP
work_3ehybzpqvbdsjlegtnkdycupja	622	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	623	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	623	2	2002	2002	CD
work_3ehybzpqvbdsjlegtnkdycupja	623	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	623	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	624	1	Yet	yet	RB
work_3ehybzpqvbdsjlegtnkdycupja	624	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	624	3	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	624	4	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	624	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	624	6	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	624	7	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	624	8	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	624	9	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	624	10	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	624	11	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	624	12	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	624	13	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	624	14	as	as	RB
work_3ehybzpqvbdsjlegtnkdycupja	624	15	long	long	RB
work_3ehybzpqvbdsjlegtnkdycupja	624	16	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	624	17	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	624	18	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	624	19	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	624	20	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	624	21	enough	enough	RB
work_3ehybzpqvbdsjlegtnkdycupja	624	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	625	1	However	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	625	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	625	3	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	625	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	625	5	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	625	6	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	625	7	signals	signal	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	625	8	slow	slow	JJ
work_3ehybzpqvbdsjlegtnkdycupja	625	9	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	625	10	convergence	convergence	NN
work_3ehybzpqvbdsjlegtnkdycupja	625	11	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	625	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	625	13	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	625	14	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	625	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	626	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	626	2	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	626	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	626	4	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	626	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	626	6	compatible	compatible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	626	7	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	626	8	both	both	CC
work_3ehybzpqvbdsjlegtnkdycupja	626	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	626	10	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	626	11	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	626	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	626	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	626	14	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	626	15	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	626	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	626	17	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	626	18	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	626	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	626	20	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	626	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	626	22	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	626	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	626	24	continued	continued	JJ
work_3ehybzpqvbdsjlegtnkdycupja	626	25	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	626	26	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	626	27	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	626	28	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	626	29	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	626	30	markedly	markedly	RB
work_3ehybzpqvbdsjlegtnkdycupja	626	31	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	626	32	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	626	33	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	626	34	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	626	35	situations	situation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	626	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	627	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	627	2	extant	extant	JJ
work_3ehybzpqvbdsjlegtnkdycupja	627	3	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	627	4	typically	typically	RB
work_3ehybzpqvbdsjlegtnkdycupja	627	5	associates	associate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	627	6	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	627	7	realizations	realization	NNS
work_3ehybzpqvbdsjlegtnkdycupja	627	8	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	627	9	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	627	10	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	627	11	diver-	diver-	XX
work_3ehybzpqvbdsjlegtnkdycupja	627	12	gence	gence	NN
work_3ehybzpqvbdsjlegtnkdycupja	627	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	627	14	opinions	opinion	NNS
work_3ehybzpqvbdsjlegtnkdycupja	627	15	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	627	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	627	17	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	627	18	payoff	payoff	NNP
work_3ehybzpqvbdsjlegtnkdycupja	627	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	627	20	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	627	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	627	22	e.g	e.g	NNP
work_3ehybzpqvbdsjlegtnkdycupja	627	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	627	24	Kandel	Kandel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	627	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	627	26	Pearson	Pearson	NNP
work_3ehybzpqvbdsjlegtnkdycupja	627	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	627	28	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	627	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	627	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	627	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	628	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	628	2	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	628	3	setup	setup	NN
work_3ehybzpqvbdsjlegtnkdycupja	628	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	628	5	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	628	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	628	7	measured	measure	VBN
work_3ehybzpqvbdsjlegtnkdycupja	628	8	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	628	9	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	628	10	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	628	11	Disag	Disag	NNP
work_3ehybzpqvbdsjlegtnkdycupja	628	12	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	628	13	Var	Var	NNP
work_3ehybzpqvbdsjlegtnkdycupja	628	14	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	628	15	Ein[v	Ein[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	628	16	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	628	17	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	628	18	Ēn[v	Ēn[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	628	19	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	628	20	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	628	21	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	628	22	Var[αEnεi	Var[αEnεi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	628	23	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	628	24	=	=	FW
work_3ehybzpqvbdsjlegtnkdycupja	628	25	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	628	26	τ2	τ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	628	27	in	in	RP
work_3ehybzpqvbdsjlegtnkdycupja	628	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	629	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	629	2	34	34	CD
work_3ehybzpqvbdsjlegtnkdycupja	629	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	629	4	From	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	629	5	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	629	6	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	629	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	629	8	Proposition	proposition	NN
work_3ehybzpqvbdsjlegtnkdycupja	629	9	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	629	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	629	11	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	629	12	conclude	conclude	VBP
work_3ehybzpqvbdsjlegtnkdycupja	629	13	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	629	14	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	629	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	629	16	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	629	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	629	18	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	629	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	629	20	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	629	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	629	22	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	629	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	629	24	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	629	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	629	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	630	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	630	2	statement	statement	NN
work_3ehybzpqvbdsjlegtnkdycupja	630	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	630	4	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	630	5	9	9	CD
work_3ehybzpqvbdsjlegtnkdycupja	630	6	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	630	7	imply	imply	VBP
work_3ehybzpqvbdsjlegtnkdycupja	630	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	630	9	following	following	NN
work_3ehybzpqvbdsjlegtnkdycupja	630	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	631	1	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	631	2	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	631	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	632	1	Volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	632	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	632	3	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	632	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	632	5	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	632	6	.	.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	632	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	632	8	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	632	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	632	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	632	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	632	12	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	632	13	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	632	14	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	632	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	632	16	resp	resp	NNP
work_3ehybzpqvbdsjlegtnkdycupja	632	17	.	.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	632	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	632	19	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	632	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	632	21	levels	level	NNS
work_3ehybzpqvbdsjlegtnkdycupja	632	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	632	23	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	632	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	633	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	633	2	corollary	corollary	NN
work_3ehybzpqvbdsjlegtnkdycupja	633	3	accommodates	accommodate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	633	4	recent	recent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	633	5	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	633	6	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	633	7	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	633	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	633	9	relationship	relationship	NN
work_3ehybzpqvbdsjlegtnkdycupja	633	10	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	633	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	633	12	convergence	convergence	NN
work_3ehybzpqvbdsjlegtnkdycupja	633	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	633	14	opinions	opinion	NNS
work_3ehybzpqvbdsjlegtnkdycupja	633	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	633	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	633	17	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	633	18	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	633	19	around	around	IN
work_3ehybzpqvbdsjlegtnkdycupja	633	20	earnings	earning	NNS
work_3ehybzpqvbdsjlegtnkdycupja	633	21	announcements	announcement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	633	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	634	1	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	634	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	634	3	Giannini	Giannini	NNP
work_3ehybzpqvbdsjlegtnkdycupja	634	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	634	5	Irvine	Irvine	NNP
work_3ehybzpqvbdsjlegtnkdycupja	634	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	634	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	634	8	Shu	Shu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	634	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	634	10	2013	2013	CD
work_3ehybzpqvbdsjlegtnkdycupja	634	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	634	12	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	634	13	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	634	14	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	634	15	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	634	16	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	634	17	actually	actually	RB
work_3ehybzpqvbdsjlegtnkdycupja	634	18	compatible	compatible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	634	19	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	634	20	convergence	convergence	NN
work_3ehybzpqvbdsjlegtnkdycupja	634	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	634	22	opinions	opinion	NNS
work_3ehybzpqvbdsjlegtnkdycupja	634	23	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	634	24	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	634	25	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	634	26	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	634	27	runs	run	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	634	28	counter	counter	RB
work_3ehybzpqvbdsjlegtnkdycupja	634	29	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	634	30	what	what	WP
work_3ehybzpqvbdsjlegtnkdycupja	634	31	most	most	JJS
work_3ehybzpqvbdsjlegtnkdycupja	634	32	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	634	33	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	634	34	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	634	35	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	634	36	transaction	transaction	NN
work_3ehybzpqvbdsjlegtnkdycupja	634	37	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	634	38	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	634	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	635	1	Their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	635	2	finding	finding	NN
work_3ehybzpqvbdsjlegtnkdycupja	635	3	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	635	4	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	635	5	explained	explain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	635	6	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	635	7	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	635	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	636	1	From	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	636	2	expressions	expression	NNS
work_3ehybzpqvbdsjlegtnkdycupja	636	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	636	4	32	32	CD
work_3ehybzpqvbdsjlegtnkdycupja	636	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	636	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	636	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	636	8	33	33	CD
work_3ehybzpqvbdsjlegtnkdycupja	636	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	636	10	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	636	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	636	12	clear	clear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	636	13	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	636	14	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	636	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	636	16	increasing	increase	VBG
work_3ehybzpqvbdsjlegtnkdycupja	636	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	636	18	a21	a21	NN
work_3ehybzpqvbdsjlegtnkdycupja	636	19	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	636	20	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	636	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	637	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	637	2	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	637	3	use	use	VBP
work_3ehybzpqvbdsjlegtnkdycupja	637	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	637	5	19	19	CD
work_3ehybzpqvbdsjlegtnkdycupja	637	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	637	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	637	8	obtain	obtain	VB
work_3ehybzpqvbdsjlegtnkdycupja	637	9	a21	a21	NNP
work_3ehybzpqvbdsjlegtnkdycupja	637	10	τε	τε	FW
work_3ehybzpqvbdsjlegtnkdycupja	637	11	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	637	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	637	13	γ	γ	DT
work_3ehybzpqvbdsjlegtnkdycupja	637	14	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	637	15	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	637	16	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	637	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	637	18	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	637	19	Var[αE1εi	Var[αE1εi	NNS
work_3ehybzpqvbdsjlegtnkdycupja	637	20	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	637	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	638	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	638	2	35	35	CD
work_3ehybzpqvbdsjlegtnkdycupja	638	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	638	4	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	638	5	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	638	6	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	638	7	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	638	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	638	9	right	right	JJ
work_3ehybzpqvbdsjlegtnkdycupja	638	10	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	638	11	hand	hand	NN
work_3ehybzpqvbdsjlegtnkdycupja	638	12	side	side	NN
work_3ehybzpqvbdsjlegtnkdycupja	638	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	638	14	equation	equation	NN
work_3ehybzpqvbdsjlegtnkdycupja	638	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	638	16	35	35	CD
work_3ehybzpqvbdsjlegtnkdycupja	638	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	638	18	captures	capture	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	638	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	638	20	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	638	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	638	22	in-	in-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	638	23	vestors	vestor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	638	24	’	'	''
work_3ehybzpqvbdsjlegtnkdycupja	638	25	perceived	perceive	VBD
work_3ehybzpqvbdsjlegtnkdycupja	638	26	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	638	27	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	638	28	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	638	29	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	638	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	638	31	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	638	32	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	638	33	coincides	coincide	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	638	34	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	638	35	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	638	36	definition	definition	NN
work_3ehybzpqvbdsjlegtnkdycupja	638	37	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	638	38	dis-	dis-	NN
work_3ehybzpqvbdsjlegtnkdycupja	638	39	agreement	agreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	638	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	639	1	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	639	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	639	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	639	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	639	5	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	639	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	639	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	639	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	639	9	know	know	VBP
work_3ehybzpqvbdsjlegtnkdycupja	639	10	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	639	11	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	639	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	639	13	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	639	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	639	15	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	639	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	639	17	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	639	18	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	639	19	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	639	20	know	know	VBP
work_3ehybzpqvbdsjlegtnkdycupja	639	21	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	639	22	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	639	23	face	face	VBP
work_3ehybzpqvbdsjlegtnkdycupja	639	24	little	little	JJ
work_3ehybzpqvbdsjlegtnkdycupja	639	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	639	26	considerable	considerable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	639	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	639	28	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	639	29	concerning	concern	VBG
work_3ehybzpqvbdsjlegtnkdycupja	639	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	639	31	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	639	32	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	639	33	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	639	34	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	639	35	po-	po-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	639	36	39	39	CD
work_3ehybzpqvbdsjlegtnkdycupja	639	37	sitions	sition	NNS
work_3ehybzpqvbdsjlegtnkdycupja	639	38	unwind	unwind	JJ
work_3ehybzpqvbdsjlegtnkdycupja	639	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	640	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	640	2	latter	latter	JJ
work_3ehybzpqvbdsjlegtnkdycupja	640	3	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	640	4	prevails	prevail	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	640	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	640	6	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	640	7	setup	setup	NN
work_3ehybzpqvbdsjlegtnkdycupja	640	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	640	9	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	640	10	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	640	11	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	640	12	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	640	13	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	640	14	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	640	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	640	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	640	17	good	good	JJ
work_3ehybzpqvbdsjlegtnkdycupja	640	18	proxy	proxy	NN
work_3ehybzpqvbdsjlegtnkdycupja	640	19	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	640	20	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	640	21	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	640	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	640	23	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	640	24	perceived	perceive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	640	25	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	640	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	641	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	641	2	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	641	3	predicts	predict	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	641	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	641	5	addition	addition	NN
work_3ehybzpqvbdsjlegtnkdycupja	641	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	641	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	641	8	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	641	9	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	641	10	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	641	11	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	641	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	641	13	opinions	opinion	NNS
work_3ehybzpqvbdsjlegtnkdycupja	641	14	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	641	15	converging	converge	VBG
work_3ehybzpqvbdsjlegtnkdycupja	641	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	641	17	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	641	18	should	should	MD
work_3ehybzpqvbdsjlegtnkdycupja	641	19	serve	serve	VB
work_3ehybzpqvbdsjlegtnkdycupja	641	20	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	641	21	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	641	22	reliable	reliable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	641	23	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	641	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	641	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	641	26	underlying	underlie	VBG
work_3ehybzpqvbdsjlegtnkdycupja	641	27	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	641	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	642	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	642	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	642	3	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	642	4	findings	finding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	642	5	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	642	6	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	642	7	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	642	8	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	642	9	related	related	JJ
work_3ehybzpqvbdsjlegtnkdycupja	642	10	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	642	11	Banerjee	Banerjee	NNP
work_3ehybzpqvbdsjlegtnkdycupja	642	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	642	13	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	642	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	642	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	642	16	Kondor	Kondor	NNP
work_3ehybzpqvbdsjlegtnkdycupja	642	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	642	18	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	642	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	642	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	643	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	643	2	former	former	JJ
work_3ehybzpqvbdsjlegtnkdycupja	643	3	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	643	4	compares	compare	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	643	5	differences	difference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	643	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	643	7	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	643	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	643	9	DO	do	VB
work_3ehybzpqvbdsjlegtnkdycupja	643	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	643	11	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	643	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	643	13	rational	rational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	643	14	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	643	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	643	16	RE	RE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	643	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	643	18	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	643	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	644	1	One	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	644	2	prediction	prediction	NN
work_3ehybzpqvbdsjlegtnkdycupja	644	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	644	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	644	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	644	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	644	7	DO	DO	NNP
work_3ehybzpqvbdsjlegtnkdycupja	644	8	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	644	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	644	10	differently	differently	RB
work_3ehybzpqvbdsjlegtnkdycupja	644	11	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	644	12	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	644	13	RE	RE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	644	14	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	644	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	644	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	644	17	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	644	18	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	644	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	644	20	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	644	21	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	644	22	negatively	negatively	RB
work_3ehybzpqvbdsjlegtnkdycupja	644	23	related	relate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	644	24	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	644	25	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	644	26	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	644	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	645	1	That	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	645	2	relation	relation	NN
work_3ehybzpqvbdsjlegtnkdycupja	645	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	645	4	precisely	precisely	RB
work_3ehybzpqvbdsjlegtnkdycupja	645	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	645	6	one	one	NN
work_3ehybzpqvbdsjlegtnkdycupja	645	7	found	find	VBN
work_3ehybzpqvbdsjlegtnkdycupja	645	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	645	9	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	645	10	RE	RE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	645	11	setup	setup	NN
work_3ehybzpqvbdsjlegtnkdycupja	645	12	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	645	13	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	645	14	complementarities	complementarity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	645	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	645	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	645	17	coupling	coupling	NN
work_3ehybzpqvbdsjlegtnkdycupja	645	18	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	645	19	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	645	20	9	9	CD
work_3ehybzpqvbdsjlegtnkdycupja	645	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	645	22	Numerical	Numerical	NNP
work_3ehybzpqvbdsjlegtnkdycupja	645	23	Result	Result	NNP
work_3ehybzpqvbdsjlegtnkdycupja	645	24	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	645	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	645	26	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	645	27	though	though	IN
work_3ehybzpqvbdsjlegtnkdycupja	645	28	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	645	29	agree	agree	VBP
work_3ehybzpqvbdsjlegtnkdycupja	645	30	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	645	31	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	645	32	common	common	JJ
work_3ehybzpqvbdsjlegtnkdycupja	645	33	prior	prior	NN
work_3ehybzpqvbdsjlegtnkdycupja	645	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	646	1	Hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	646	2	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	646	3	conclude	conclude	VBP
work_3ehybzpqvbdsjlegtnkdycupja	646	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	646	5	observing	observe	VBG
work_3ehybzpqvbdsjlegtnkdycupja	646	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	646	7	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	646	8	correlation	correlation	NN
work_3ehybzpqvbdsjlegtnkdycupja	646	9	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	646	10	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	646	11	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	646	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	646	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	646	14	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	646	15	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	646	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	646	17	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	646	18	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	646	19	insufficient	insufficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	646	20	grounds	ground	NNS
work_3ehybzpqvbdsjlegtnkdycupja	646	21	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	646	22	rejecting	reject	VBG
work_3ehybzpqvbdsjlegtnkdycupja	646	23	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	646	24	RE	RE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	646	25	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	646	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	647	1	On	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	647	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	647	3	contrary	contrary	NN
work_3ehybzpqvbdsjlegtnkdycupja	647	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	647	5	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	647	6	correlation	correlation	NN
work_3ehybzpqvbdsjlegtnkdycupja	647	7	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	647	8	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	647	9	indicate	indicate	VB
work_3ehybzpqvbdsjlegtnkdycupja	647	10	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	647	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	647	12	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	647	13	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	647	14	mechanism	mechanism	NN
work_3ehybzpqvbdsjlegtnkdycupja	647	15	described	describe	VBN
work_3ehybzpqvbdsjlegtnkdycupja	647	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	647	17	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	647	18	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	647	19	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	647	20	responsible	responsible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	647	21	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	647	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	647	23	observed	observed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	647	24	regularity	regularity	NN
work_3ehybzpqvbdsjlegtnkdycupja	647	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	648	1	Kondor	Kondor	NNP
work_3ehybzpqvbdsjlegtnkdycupja	648	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	648	3	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	648	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	648	5	stud-	stud-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	648	6	ies	ie	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	648	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	648	8	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	648	9	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	648	10	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	648	11	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	648	12	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	648	13	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	648	14	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	648	15	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	648	16	factor	factor	NN
work_3ehybzpqvbdsjlegtnkdycupja	648	17	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	648	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	648	19	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	648	20	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	648	21	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	648	22	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	648	23	who	who	WP
work_3ehybzpqvbdsjlegtnkdycupja	648	24	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	648	25	factor	factor	NN
work_3ehybzpqvbdsjlegtnkdycupja	648	26	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	648	27	specific	specific	JJ
work_3ehybzpqvbdsjlegtnkdycupja	648	28	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	648	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	649	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	649	2	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	649	3	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	649	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	649	5	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	649	6	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	649	7	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	649	8	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	649	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	649	10	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	649	11	generates	generate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	649	12	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	649	13	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	649	14	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	649	15	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	649	16	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	649	17	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	649	18	compare	compare	VB
work_3ehybzpqvbdsjlegtnkdycupja	649	19	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	649	20	factor	factor	NN
work_3ehybzpqvbdsjlegtnkdycupja	649	21	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	649	22	specific	specific	JJ
work_3ehybzpqvbdsjlegtnkdycupja	649	23	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	649	24	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	649	25	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	649	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	649	27	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	649	28	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	649	29	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	649	30	thereby	thereby	RB
work_3ehybzpqvbdsjlegtnkdycupja	649	31	gauge	gauge	VB
work_3ehybzpqvbdsjlegtnkdycupja	649	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	649	33	magnitude	magnitude	NN
work_3ehybzpqvbdsjlegtnkdycupja	649	34	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	649	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	649	36	factor	factor	NN
work_3ehybzpqvbdsjlegtnkdycupja	649	37	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	649	38	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	649	39	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	649	40	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	649	41	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	649	42	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	649	43	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	649	44	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	650	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	650	2	author	author	NN
work_3ehybzpqvbdsjlegtnkdycupja	650	3	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	650	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	650	5	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	650	6	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	650	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	650	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	650	9	infor-	infor-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	650	10	mativeness	mativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	650	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	650	12	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	650	13	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	650	14	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	650	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	650	16	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	650	17	facilitating	facilitate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	650	18	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	650	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	650	20	generate	generate	VB
work_3ehybzpqvbdsjlegtnkdycupja	650	21	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	650	22	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	650	23	as	as	RB
work_3ehybzpqvbdsjlegtnkdycupja	650	24	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	650	25	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	650	26	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	650	27	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	650	28	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	650	29	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	650	30	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	650	31	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	650	32	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	650	33	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	650	34	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	650	35	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	650	36	volatile	volatile	JJ
work_3ehybzpqvbdsjlegtnkdycupja	650	37	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	650	38	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	650	39	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	650	40	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	650	41	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	650	42	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	650	43	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	650	44	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	651	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	651	2	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	651	3	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	651	4	produce	produce	VB
work_3ehybzpqvbdsjlegtnkdycupja	651	5	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	651	6	patterns	pattern	NNS
work_3ehybzpqvbdsjlegtnkdycupja	651	7	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	651	8	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	651	9	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	651	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	652	1	However	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	652	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	652	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	652	4	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	652	5	setup	setup	NN
work_3ehybzpqvbdsjlegtnkdycupja	652	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	652	7	association	association	NN
work_3ehybzpqvbdsjlegtnkdycupja	652	8	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	652	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	652	10	burst	burst	NN
work_3ehybzpqvbdsjlegtnkdycupja	652	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	652	12	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	652	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	652	14	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	652	15	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	652	16	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	652	17	results	result	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	652	18	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	652	19	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	652	20	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	652	21	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	652	22	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	652	23	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	652	24	precise	precise	JJ
work_3ehybzpqvbdsjlegtnkdycupja	652	25	enough	enough	RB
work_3ehybzpqvbdsjlegtnkdycupja	652	26	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	652	27	stabilize	stabilize	VB
work_3ehybzpqvbdsjlegtnkdycupja	652	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	652	29	HIE.44	HIE.44	NNP
work_3ehybzpqvbdsjlegtnkdycupja	652	30	C	C	NNP
work_3ehybzpqvbdsjlegtnkdycupja	652	31	Stock	Stock	NNP
work_3ehybzpqvbdsjlegtnkdycupja	652	32	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	652	33	fragility	fragility	NN
work_3ehybzpqvbdsjlegtnkdycupja	652	34	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	652	35	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	652	36	Greenwood	Greenwood	NNP
work_3ehybzpqvbdsjlegtnkdycupja	652	37	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	652	38	Thesmar	Thesmar	NNP
work_3ehybzpqvbdsjlegtnkdycupja	652	39	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	652	40	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	652	41	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	652	42	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	652	43	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	652	44	fragile	fragile	JJ
work_3ehybzpqvbdsjlegtnkdycupja	652	45	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	652	46	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	652	47	one	one	NN
work_3ehybzpqvbdsjlegtnkdycupja	652	48	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	652	49	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	652	50	vulnerable	vulnerable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	652	51	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	652	52	non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	652	53	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	652	54	fundamental	fundamental	JJ
work_3ehybzpqvbdsjlegtnkdycupja	652	55	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	652	56	shocks	shock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	652	57	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	653	1	These	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	653	2	authors	author	NNS
work_3ehybzpqvbdsjlegtnkdycupja	653	3	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	653	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	653	5	ownership	ownership	NN
work_3ehybzpqvbdsjlegtnkdycupja	653	6	concentration	concentration	NN
work_3ehybzpqvbdsjlegtnkdycupja	653	7	increases	increase	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	653	8	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	653	9	fragility	fragility	NN
work_3ehybzpqvbdsjlegtnkdycupja	653	10	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	653	11	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	653	12	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	653	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	653	14	active	active	JJ
work_3ehybzpqvbdsjlegtnkdycupja	653	15	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	653	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	653	17	hedge	hedge	NN
work_3ehybzpqvbdsjlegtnkdycupja	653	18	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	653	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	653	20	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	653	21	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	653	22	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	653	23	mitigate	mitigate	VB
work_3ehybzpqvbdsjlegtnkdycupja	653	24	fragility	fragility	NN
work_3ehybzpqvbdsjlegtnkdycupja	653	25	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	653	26	counteracting	counteract	VBG
work_3ehybzpqvbdsjlegtnkdycupja	653	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	653	28	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	653	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	653	30	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	653	31	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	653	32	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	653	33	flow	flow	NN
work_3ehybzpqvbdsjlegtnkdycupja	653	34	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	653	35	induced	induce	VBN
work_3ehybzpqvbdsjlegtnkdycupja	653	36	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	653	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	654	1	44For	44for	CD
work_3ehybzpqvbdsjlegtnkdycupja	654	2	example	example	NN
work_3ehybzpqvbdsjlegtnkdycupja	654	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	654	4	set	set	VBN
work_3ehybzpqvbdsjlegtnkdycupja	654	5	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	654	6	=	=	FW
work_3ehybzpqvbdsjlegtnkdycupja	654	7	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	654	8	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	654	9	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	654	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	654	11	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	654	12	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	654	13	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	654	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	654	15	τη	τη	NNP
work_3ehybzpqvbdsjlegtnkdycupja	654	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	654	17	.2	.2	XX
work_3ehybzpqvbdsjlegtnkdycupja	654	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	654	19	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	654	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	654	21	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	654	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	654	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	654	24	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	654	25	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	654	26	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	654	27	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	654	28	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	654	29	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	654	30	obtain	obtain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	654	31	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	654	32	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	654	33	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	654	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	654	35	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	654	36	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	654	37	.29	.29	NFP
work_3ehybzpqvbdsjlegtnkdycupja	654	38	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	654	39	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	654	40	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	654	41	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	654	42	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	654	43	.86	.86	CD
work_3ehybzpqvbdsjlegtnkdycupja	654	44	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	655	1	By	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	655	2	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	655	3	9	9	CD
work_3ehybzpqvbdsjlegtnkdycupja	655	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	655	5	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	655	6	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	655	7	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	655	8	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	655	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	655	10	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	655	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	656	1	Furthermore	furthermore	RB
work_3ehybzpqvbdsjlegtnkdycupja	656	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	656	3	calculating	calculate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	656	4	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	656	5	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	656	6	yields	yield	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	656	7	Var[p1	Var[p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	656	8	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	656	9	∗∗∗	∗∗∗	FW
work_3ehybzpqvbdsjlegtnkdycupja	656	10	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	656	11	.05	.05	NFP
work_3ehybzpqvbdsjlegtnkdycupja	656	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	656	13	Var[p2|sP	Var[p2|sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	656	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	656	15	∗∗∗	∗∗∗	FW
work_3ehybzpqvbdsjlegtnkdycupja	656	16	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	656	17	.07	.07	NFP
work_3ehybzpqvbdsjlegtnkdycupja	656	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	656	19	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	656	20	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	656	21	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	656	22	Var[p1]∗	Var[p1]∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	656	23	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	656	24	.02	.02	NFP
work_3ehybzpqvbdsjlegtnkdycupja	656	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	656	26	Var[p2|sP	Var[p2|sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	656	27	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	656	28	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	656	29	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	656	30	.04	.04	NFP
work_3ehybzpqvbdsjlegtnkdycupja	656	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	657	1	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	657	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	657	3	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	657	4	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	657	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	657	6	larger	large	JJR
work_3ehybzpqvbdsjlegtnkdycupja	657	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	657	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	657	9	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	657	10	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	657	11	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	657	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	657	13	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	657	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	657	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	657	16	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	657	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	657	18	resp	resp	NN
work_3ehybzpqvbdsjlegtnkdycupja	657	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	658	1	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	658	2	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	658	3	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	658	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	659	1	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	659	2	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	659	3	idea	idea	NN
work_3ehybzpqvbdsjlegtnkdycupja	659	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	659	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	659	6	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	659	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	659	8	mispricing	mispricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	659	9	induced	induce	VBN
work_3ehybzpqvbdsjlegtnkdycupja	659	10	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	659	11	non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	659	12	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	659	13	fundamental	fundamental	JJ
work_3ehybzpqvbdsjlegtnkdycupja	659	14	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	659	15	shocks	shock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	659	16	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	659	17	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	659	18	enough	enough	RB
work_3ehybzpqvbdsjlegtnkdycupja	659	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	659	20	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	659	21	hedge	hedge	NN
work_3ehybzpqvbdsjlegtnkdycupja	659	22	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	659	23	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	659	24	step	step	VB
work_3ehybzpqvbdsjlegtnkdycupja	659	25	in	in	RB
work_3ehybzpqvbdsjlegtnkdycupja	659	26	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	659	27	correct	correct	VB
work_3ehybzpqvbdsjlegtnkdycupja	659	28	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	659	29	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	659	30	taking	take	VBG
work_3ehybzpqvbdsjlegtnkdycupja	659	31	offsetting	offset	VBG
work_3ehybzpqvbdsjlegtnkdycupja	659	32	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	659	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	660	1	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	660	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	660	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	660	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	660	5	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	660	6	hypothesis	hypothesis	NN
work_3ehybzpqvbdsjlegtnkdycupja	660	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	660	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	660	9	line	line	NN
work_3ehybzpqvbdsjlegtnkdycupja	660	10	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	660	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	660	12	mechanism	mechanism	NN
work_3ehybzpqvbdsjlegtnkdycupja	660	13	outlined	outline	VBN
work_3ehybzpqvbdsjlegtnkdycupja	660	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	660	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	660	16	29a	29a	CD
work_3ehybzpqvbdsjlegtnkdycupja	660	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	660	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	660	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	660	20	29b	29b	NNS
work_3ehybzpqvbdsjlegtnkdycupja	660	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	660	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	661	1	Greenwood	greenwood	NN
work_3ehybzpqvbdsjlegtnkdycupja	661	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	661	3	Thesmar	Thesmar	NNP
work_3ehybzpqvbdsjlegtnkdycupja	661	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	661	5	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	661	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	661	7	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	661	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	661	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	661	10	distribution	distribution	NN
work_3ehybzpqvbdsjlegtnkdycupja	661	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	661	12	offsetting	offset	VBG
work_3ehybzpqvbdsjlegtnkdycupja	661	13	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	661	14	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	661	15	extremely	extremely	RB
work_3ehybzpqvbdsjlegtnkdycupja	661	16	heterogeneous	heterogeneous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	661	17	across	across	IN
work_3ehybzpqvbdsjlegtnkdycupja	661	18	stocks	stock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	661	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	661	20	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	661	21	some	some	DT
work_3ehybzpqvbdsjlegtnkdycupja	661	22	stocks	stock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	661	23	characterized	characterize	VBN
work_3ehybzpqvbdsjlegtnkdycupja	661	24	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	661	25	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	661	26	offsetting	offsetting	JJ
work_3ehybzpqvbdsjlegtnkdycupja	661	27	effects	effect	NNS
work_3ehybzpqvbdsjlegtnkdycupja	661	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	661	29	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	661	30	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	661	31	stocks	stock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	661	32	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	661	33	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	661	34	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	661	35	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	661	36	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	661	37	relatively	relatively	RB
work_3ehybzpqvbdsjlegtnkdycupja	661	38	weak	weak	JJ
work_3ehybzpqvbdsjlegtnkdycupja	661	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	662	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	662	2	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	662	3	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	662	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	662	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	662	6	former	former	JJ
work_3ehybzpqvbdsjlegtnkdycupja	662	7	stocks	stock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	662	8	should	should	MD
work_3ehybzpqvbdsjlegtnkdycupja	662	9	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	662	10	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	662	11	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	662	12	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	662	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	662	14	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	662	15	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	662	16	likely	likely	JJ
work_3ehybzpqvbdsjlegtnkdycupja	662	17	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	662	18	prevail	prevail	VB
work_3ehybzpqvbdsjlegtnkdycupja	662	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	662	20	hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	662	21	should	should	MD
work_3ehybzpqvbdsjlegtnkdycupja	662	22	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	662	23	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	662	24	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	662	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	662	26	combination	combination	NN
work_3ehybzpqvbdsjlegtnkdycupja	662	27	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	662	28	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	662	29	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	662	30	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	662	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	662	32	converging	converge	VBG
work_3ehybzpqvbdsjlegtnkdycupja	662	33	opinions	opinion	NNS
work_3ehybzpqvbdsjlegtnkdycupja	662	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	663	1	Conversely	conversely	RB
work_3ehybzpqvbdsjlegtnkdycupja	663	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	663	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	663	4	predict	predict	VBP
work_3ehybzpqvbdsjlegtnkdycupja	663	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	663	6	stocks	stock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	663	7	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	663	8	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	663	9	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	663	10	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	663	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	663	12	diverging	diverge	VBG
work_3ehybzpqvbdsjlegtnkdycupja	663	13	opinions	opinion	NNS
work_3ehybzpqvbdsjlegtnkdycupja	663	14	should	should	MD
work_3ehybzpqvbdsjlegtnkdycupja	663	15	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	663	16	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	663	17	fragile	fragile	JJ
work_3ehybzpqvbdsjlegtnkdycupja	663	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	664	1	D	D	NNP
work_3ehybzpqvbdsjlegtnkdycupja	664	2	Identifying	Identifying	NNP
work_3ehybzpqvbdsjlegtnkdycupja	664	3	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	664	4	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	664	5	know	know	VBP
work_3ehybzpqvbdsjlegtnkdycupja	664	6	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	664	7	Jovanovic	Jovanovic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	664	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	664	9	1989	1989	CD
work_3ehybzpqvbdsjlegtnkdycupja	664	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	664	11	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	664	12	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	664	13	governed	govern	VBN
work_3ehybzpqvbdsjlegtnkdycupja	664	14	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	664	15	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	664	16	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	664	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	664	18	structural	structural	JJ
work_3ehybzpqvbdsjlegtnkdycupja	664	19	parameters	parameter	NNS
work_3ehybzpqvbdsjlegtnkdycupja	664	20	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	664	21	severe	severe	JJ
work_3ehybzpqvbdsjlegtnkdycupja	664	22	identification	identification	NN
work_3ehybzpqvbdsjlegtnkdycupja	664	23	problems	problem	NNS
work_3ehybzpqvbdsjlegtnkdycupja	664	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	664	25	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	664	26	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	664	27	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	664	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	664	29	set	set	NN
work_3ehybzpqvbdsjlegtnkdycupja	664	30	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	664	31	distributions	distribution	NNS
work_3ehybzpqvbdsjlegtnkdycupja	664	32	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	664	33	observable	observable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	664	34	outcomes	outcome	NNS
work_3ehybzpqvbdsjlegtnkdycupja	664	35	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	664	36	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	664	37	consistent	consistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	664	38	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	664	39	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	664	40	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	664	41	structure	structure	NN
work_3ehybzpqvbdsjlegtnkdycupja	664	42	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	664	43	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	664	44	quite	quite	RB
work_3ehybzpqvbdsjlegtnkdycupja	664	45	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	664	46	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	664	47	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	664	48	Pos-	Pos-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	664	49	itive	itive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	664	50	identification	identification	NN
work_3ehybzpqvbdsjlegtnkdycupja	664	51	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	664	52	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	664	53	obtained	obtain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	664	54	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	664	55	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	664	56	range	range	NN
work_3ehybzpqvbdsjlegtnkdycupja	664	57	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	664	58	papers	paper	NNS
work_3ehybzpqvbdsjlegtnkdycupja	664	59	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	664	60	use	use	VBP
work_3ehybzpqvbdsjlegtnkdycupja	664	61	simple	simple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	664	62	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	664	63	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	664	64	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	664	65	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	664	66	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	664	67	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	664	68	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	664	69	discrete	discrete	JJ
work_3ehybzpqvbdsjlegtnkdycupja	664	70	entry	entry	NN
work_3ehybzpqvbdsjlegtnkdycupja	664	71	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	664	72	binary	binary	JJ
work_3ehybzpqvbdsjlegtnkdycupja	664	73	games	game	NNS
work_3ehybzpqvbdsjlegtnkdycupja	664	74	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	664	75	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	664	76	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	664	77	accounts	account	NNS
work_3ehybzpqvbdsjlegtnkdycupja	664	78	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	664	79	Ackerberg	Ackerberg	NNP
work_3ehybzpqvbdsjlegtnkdycupja	664	80	et	et	FW
work_3ehybzpqvbdsjlegtnkdycupja	664	81	al	al	NNP
work_3ehybzpqvbdsjlegtnkdycupja	664	82	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	665	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	665	2	2007	2007	CD
work_3ehybzpqvbdsjlegtnkdycupja	665	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	665	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	665	5	Berry	Berry	NNP
work_3ehybzpqvbdsjlegtnkdycupja	665	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	665	7	Tamer	Tamer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	665	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	665	9	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	665	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	665	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	665	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	666	1	Identification	identification	NN
work_3ehybzpqvbdsjlegtnkdycupja	666	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	666	3	structural	structural	JJ
work_3ehybzpqvbdsjlegtnkdycupja	666	4	parameters	parameter	NNS
work_3ehybzpqvbdsjlegtnkdycupja	666	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	666	6	achieved	achieve	VBN
work_3ehybzpqvbdsjlegtnkdycupja	666	7	through	through	IN
work_3ehybzpqvbdsjlegtnkdycupja	666	8	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	666	9	refinements	refinement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	666	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	666	11	shape	shape	NN
work_3ehybzpqvbdsjlegtnkdycupja	666	12	restrictions	restriction	NNS
work_3ehybzpqvbdsjlegtnkdycupja	666	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	666	14	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	666	15	assumptions	assumption	NNS
work_3ehybzpqvbdsjlegtnkdycupja	666	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	666	17	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	666	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	666	19	specification	specification	NN
work_3ehybzpqvbdsjlegtnkdycupja	666	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	666	21	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	666	22	selection	selection	NN
work_3ehybzpqvbdsjlegtnkdycupja	666	23	mechanisms	mechanism	NNS
work_3ehybzpqvbdsjlegtnkdycupja	666	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	667	1	Alternatively	alternatively	RB
work_3ehybzpqvbdsjlegtnkdycupja	667	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	667	3	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	667	4	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	667	5	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	667	6	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	667	7	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	667	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	667	9	identified	identify	VBN
work_3ehybzpqvbdsjlegtnkdycupja	667	10	features	feature	NNS
work_3ehybzpqvbdsjlegtnkdycupja	667	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	667	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	667	13	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	667	14	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	667	15	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	667	16	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	667	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	667	18	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	667	19	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	667	20	sets	set	NNS
work_3ehybzpqvbdsjlegtnkdycupja	667	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	667	22	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	667	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	667	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	667	25	structural	structural	JJ
work_3ehybzpqvbdsjlegtnkdycupja	667	26	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	667	27	vector	vector	NN
work_3ehybzpqvbdsjlegtnkdycupja	667	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	667	29	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	667	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	667	31	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	667	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	667	33	Ciliberto	Ciliberto	NNP
work_3ehybzpqvbdsjlegtnkdycupja	667	34	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	667	35	Tamer	Tamer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	667	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	667	37	2009	2009	CD
work_3ehybzpqvbdsjlegtnkdycupja	667	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	667	39	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	667	40	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	667	41	refinement	refinement	NN
work_3ehybzpqvbdsjlegtnkdycupja	667	42	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	667	43	Henry	Henry	NNP
work_3ehybzpqvbdsjlegtnkdycupja	667	44	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	667	45	Galichon	Galichon	NNP
work_3ehybzpqvbdsjlegtnkdycupja	667	46	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	667	47	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	667	48	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	667	49	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	667	50	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	668	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	668	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	668	3	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	668	4	developed	develop	VBN
work_3ehybzpqvbdsjlegtnkdycupja	668	5	here	here	RB
work_3ehybzpqvbdsjlegtnkdycupja	668	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	668	7	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	668	8	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	668	9	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	668	10	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	668	11	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	668	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	668	13	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	668	14	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	668	15	re-	re-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	668	16	finement	finement	NN
work_3ehybzpqvbdsjlegtnkdycupja	668	17	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	668	18	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	668	19	selection	selection	NN
work_3ehybzpqvbdsjlegtnkdycupja	668	20	mechanism	mechanism	NN
work_3ehybzpqvbdsjlegtnkdycupja	668	21	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	668	22	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	668	23	used	use	VBN
work_3ehybzpqvbdsjlegtnkdycupja	668	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	669	1	Given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	669	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	669	3	presence	presence	NN
work_3ehybzpqvbdsjlegtnkdycupja	669	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	669	5	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	669	6	complementarities	complementarity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	669	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	669	8	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	669	9	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	669	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	669	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	669	12	promising	promising	JJ
work_3ehybzpqvbdsjlegtnkdycupja	669	13	approach	approach	NN
work_3ehybzpqvbdsjlegtnkdycupja	669	14	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	669	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	669	16	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	669	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	669	18	Echenique	Echenique	NNP
work_3ehybzpqvbdsjlegtnkdycupja	669	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	669	20	Ko-	Ko-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	669	21	munjer	munjer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	669	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	669	23	2009	2009	CD
work_3ehybzpqvbdsjlegtnkdycupja	669	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	669	25	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	669	26	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	669	27	monotone	monotone	JJ
work_3ehybzpqvbdsjlegtnkdycupja	669	28	comparative	comparative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	669	29	statics	static	NNS
work_3ehybzpqvbdsjlegtnkdycupja	669	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	669	31	MCS	MCS	NNP
work_3ehybzpqvbdsjlegtnkdycupja	669	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	669	33	results	result	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	669	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	670	1	Unfortunately	unfortunately	RB
work_3ehybzpqvbdsjlegtnkdycupja	670	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	670	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	670	4	type	type	NN
work_3ehybzpqvbdsjlegtnkdycupja	670	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	670	6	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	670	7	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	670	8	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	670	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	670	10	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	670	11	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	670	12	fails	fail	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	670	13	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	670	14	satisfy	satisfy	VB
work_3ehybzpqvbdsjlegtnkdycupja	670	15	MCS	MCS	NNP
work_3ehybzpqvbdsjlegtnkdycupja	670	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	670	17	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	670	18	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	670	19	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	670	20	requires	require	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	670	21	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	670	22	identification	identification	NN
work_3ehybzpqvbdsjlegtnkdycupja	670	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	670	24	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	670	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	670	26	Online	Online	NNP
work_3ehybzpqvbdsjlegtnkdycupja	670	27	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	670	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	670	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	671	1	Equilibria	Equilibria	NNP
work_3ehybzpqvbdsjlegtnkdycupja	671	2	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	671	3	nonetheless	nonetheless	RB
work_3ehybzpqvbdsjlegtnkdycupja	671	4	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	671	5	identified	identify	VBN
work_3ehybzpqvbdsjlegtnkdycupja	671	6	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	671	7	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	671	8	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	671	9	respective	respective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	671	10	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	671	11	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	671	12	spe-	spe-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	671	13	cific	cific	JJ
work_3ehybzpqvbdsjlegtnkdycupja	671	14	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	671	15	observables	observable	NNS
work_3ehybzpqvbdsjlegtnkdycupja	671	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	672	1	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	672	2	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	672	3	Proposition	Proposition	NNP
work_3ehybzpqvbdsjlegtnkdycupja	672	4	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	672	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	672	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	672	7	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	672	8	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	672	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	672	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	672	11	spread	spread	NN
work_3ehybzpqvbdsjlegtnkdycupja	672	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	672	13	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	672	14	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	672	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	672	16	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	672	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	672	18	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	672	19	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	672	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	672	21	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	672	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	673	1	At	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	673	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	673	3	same	same	JJ
work_3ehybzpqvbdsjlegtnkdycupja	673	4	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	673	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	673	6	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	673	7	Nu-	Nu-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	673	8	merical	merical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	673	9	Result	Result	NNP
work_3ehybzpqvbdsjlegtnkdycupja	673	10	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	673	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	673	12	Corollaries	Corollaries	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	673	13	9	9	CD
work_3ehybzpqvbdsjlegtnkdycupja	673	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	673	15	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	673	16	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	673	17	know	know	VBP
work_3ehybzpqvbdsjlegtnkdycupja	673	18	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	673	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	673	20	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	673	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	673	22	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	673	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	673	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	673	25	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	673	26	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	673	27	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	673	28	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	673	29	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	673	30	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	673	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	673	32	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	673	33	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	673	34	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	673	35	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	673	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	673	37	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	673	38	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	673	39	patterns	pattern	NNS
work_3ehybzpqvbdsjlegtnkdycupja	673	40	occur	occur	VBP
work_3ehybzpqvbdsjlegtnkdycupja	673	41	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	673	42	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	673	43	41	41	CD
work_3ehybzpqvbdsjlegtnkdycupja	673	44	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	673	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	674	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	674	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	674	3	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	674	4	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	674	5	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	674	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	674	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	674	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	674	9	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	674	10	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	674	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	674	12	mild	mild	JJ
work_3ehybzpqvbdsjlegtnkdycupja	674	13	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	674	14	autocor-	autocor-	NN
work_3ehybzpqvbdsjlegtnkdycupja	674	15	relation	relation	NN
work_3ehybzpqvbdsjlegtnkdycupja	674	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	674	17	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	674	18	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	674	19	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	674	20	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	674	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	675	1	More	More	JJR
work_3ehybzpqvbdsjlegtnkdycupja	675	2	insights	insight	NNS
work_3ehybzpqvbdsjlegtnkdycupja	675	3	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	675	4	identifying	identify	VBG
work_3ehybzpqvbdsjlegtnkdycupja	675	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	675	6	specific	specific	JJ
work_3ehybzpqvbdsjlegtnkdycupja	675	7	features	feature	NNS
work_3ehybzpqvbdsjlegtnkdycupja	675	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	675	9	each	each	DT
work_3ehybzpqvbdsjlegtnkdycupja	675	10	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	675	11	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	675	12	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	675	13	obtained	obtain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	675	14	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	675	15	contrasting	contrast	VBG
work_3ehybzpqvbdsjlegtnkdycupja	675	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	675	17	qualitative	qualitative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	675	18	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	675	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	675	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	675	21	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	675	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	675	23	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	675	24	via	via	IN
work_3ehybzpqvbdsjlegtnkdycupja	675	25	numerical	numerical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	675	26	simulations	simulation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	675	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	676	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	676	2	what	what	WP
work_3ehybzpqvbdsjlegtnkdycupja	676	3	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	676	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	676	5	assume	assume	VBP
work_3ehybzpqvbdsjlegtnkdycupja	676	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	676	7	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	676	8	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	676	9	0.01	0.01	CD
work_3ehybzpqvbdsjlegtnkdycupja	676	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	676	11	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	676	12	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	676	13	0.1	0.1	CD
work_3ehybzpqvbdsjlegtnkdycupja	676	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	676	15	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	676	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	676	17	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	676	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	676	19	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	676	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	676	21	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	676	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	676	23	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	676	24	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	676	25	0.001862	0.001862	CD
work_3ehybzpqvbdsjlegtnkdycupja	676	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	676	27	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	676	28	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	676	29	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	676	30	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	676	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	677	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	677	2	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	677	3	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	677	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	677	5	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	677	6	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	677	7	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	677	8	obtains	obtain	NNS
work_3ehybzpqvbdsjlegtnkdycupja	677	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	10	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	11	a∗1,a∗∗∗1	a∗1,a∗∗∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	677	12	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	13	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	677	14	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	15	0.012	0.012	CD
work_3ehybzpqvbdsjlegtnkdycupja	677	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	677	17	41.25	41.25	CD
work_3ehybzpqvbdsjlegtnkdycupja	677	18	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	19	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	677	20	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	21	ψ′(a∗1),ψ	ψ′(a∗1),ψ	NN
work_3ehybzpqvbdsjlegtnkdycupja	677	22	′(a∗∗∗1	′(a∗∗∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	677	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	24	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	25	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	677	26	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	27	−0.012,−0.92	−0.012,−0.92	NNP
work_3ehybzpqvbdsjlegtnkdycupja	677	28	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	30	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	677	31	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	677	32	obtain	obtain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	677	33	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	677	34	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	677	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	677	36	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	677	37	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	677	38	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	677	39	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	677	40	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	677	41	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	677	42	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	677	43	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	677	44	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	677	45	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	677	46	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	47	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	677	48	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	677	49	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	677	50	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	677	51	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	677	52	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	677	53	Table	table	NN
work_3ehybzpqvbdsjlegtnkdycupja	677	54	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	677	55	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	678	1	Next	next	RB
work_3ehybzpqvbdsjlegtnkdycupja	678	2	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	678	3	set	set	VBP
work_3ehybzpqvbdsjlegtnkdycupja	678	4	v̄	v̄	NNS
work_3ehybzpqvbdsjlegtnkdycupja	678	5	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	678	6	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	678	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	678	8	extract	extract	VB
work_3ehybzpqvbdsjlegtnkdycupja	678	9	1,000	1,000	CD
work_3ehybzpqvbdsjlegtnkdycupja	678	10	i.i.d	i.i.d	NN
work_3ehybzpqvbdsjlegtnkdycupja	678	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	679	1	normal	normal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	679	2	shocks	shock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	679	3	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	679	4	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	679	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	679	6	u1	u1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	679	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	679	8	u2	u2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	679	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	679	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	679	11	η	η	NN
work_3ehybzpqvbdsjlegtnkdycupja	679	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	679	13	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	679	14	average	average	VB
work_3ehybzpqvbdsjlegtnkdycupja	679	15	across	across	IN
work_3ehybzpqvbdsjlegtnkdycupja	679	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	679	17	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	679	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	679	19	shocks	shock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	679	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	680	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	680	2	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	680	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	680	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	680	5	exercise	exercise	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	6	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	680	7	presented	present	VBN
work_3ehybzpqvbdsjlegtnkdycupja	680	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	680	9	Figure	Figure	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	10	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	680	12	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	680	13	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	680	14	plot	plot	VBP
work_3ehybzpqvbdsjlegtnkdycupja	680	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	680	16	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	680	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	680	18	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	19	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	680	20	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	680	21	dates	date	NNS
work_3ehybzpqvbdsjlegtnkdycupja	680	22	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	680	24	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	25	followed	follow	VBN
work_3ehybzpqvbdsjlegtnkdycupja	680	26	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	680	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	680	28	simulated	simulate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	680	29	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	30	paths	path	NNS
work_3ehybzpqvbdsjlegtnkdycupja	680	31	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	680	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	680	33	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	680	34	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	680	35	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	36	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	680	38	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	680	39	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	680	40	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	680	41	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	42	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	43	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	680	44	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	680	45	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	680	46	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	47	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	680	48	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	680	49	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	680	50	information.45	information.45	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	51	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	52	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	53	Equilibrium	Equilibrium	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	54	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	680	55	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	56	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	680	57	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	58	Cov[v	cov[v	VB
work_3ehybzpqvbdsjlegtnkdycupja	680	59	−p2,p2	−p2,p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	60	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	61	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	680	62	735.019	735.019	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	63	0.000007	0.000007	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	64	4.79052	4.79052	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	65	×	×	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	66	108	108	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	67	Cov1[v	cov1[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	68	−p2,p2	−p2,p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	69	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	70	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	680	71	−37.0281	−37.0281	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	72	0.000007	0.000007	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	73	−284	−284	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	74	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	680	75	279	279	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	76	Cov[z1,p2	Cov[z1,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	77	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	78	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	680	79	−801.224	−801.224	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	680	80	−1.67227	−1.67227	NFP
work_3ehybzpqvbdsjlegtnkdycupja	680	81	×	×	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	82	10−6	10−6	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	83	−5.68589	−5.68589	NFP
work_3ehybzpqvbdsjlegtnkdycupja	680	84	×	×	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	85	106	106	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	86	E1[v	E1[v	NNS
work_3ehybzpqvbdsjlegtnkdycupja	680	87	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	88	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	680	89	−81.0874	−81.0874	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	90	−0.00472533	−0.00472533	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	91	−568	−568	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	92	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	680	93	673	673	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	94	E1[p2	e1[p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	95	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	96	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	680	97	−80.1224	−80.1224	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	98	−1.67227	−1.67227	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	99	×	×	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	100	10−7	10−7	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	101	−568	−568	NNP
work_3ehybzpqvbdsjlegtnkdycupja	680	102	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	680	103	589	589	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	104	Table	table	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	105	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	680	106	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	680	107	Autocovariance	autocovariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	108	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	680	109	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	680	110	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	680	111	unconditional	unconditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	680	112	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	680	113	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	680	114	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	680	115	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	680	116	return	return	VB
work_3ehybzpqvbdsjlegtnkdycupja	680	117	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	118	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	680	119	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	120	flows	flow	NNS
work_3ehybzpqvbdsjlegtnkdycupja	680	121	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	680	122	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	680	123	expected	expect	VBD
work_3ehybzpqvbdsjlegtnkdycupja	680	124	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	680	125	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	680	126	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	127	provision	provision	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	128	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	680	129	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	680	130	numerical	numerical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	680	131	example	example	NN
work_3ehybzpqvbdsjlegtnkdycupja	680	132	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	681	1	Panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	681	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	681	3	a	a	LS
work_3ehybzpqvbdsjlegtnkdycupja	681	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	681	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	681	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	681	7	figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	681	8	displays	display	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	681	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	681	10	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	681	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	681	12	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	681	13	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	681	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	681	15	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	681	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	681	17	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	681	18	simula-	simula-	NN
work_3ehybzpqvbdsjlegtnkdycupja	681	19	tion	tion	NN
work_3ehybzpqvbdsjlegtnkdycupja	681	20	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	681	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	681	22	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	681	23	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	681	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	681	25	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	681	26	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	681	27	both	both	DT
work_3ehybzpqvbdsjlegtnkdycupja	681	28	dates	date	NNS
work_3ehybzpqvbdsjlegtnkdycupja	681	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	682	1	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	682	2	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	682	3	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	682	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	682	5	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	682	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	682	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	682	8	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	682	9	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	682	10	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	682	11	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	682	12	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	682	13	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	682	14	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	682	15	prices	price	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	682	16	mirror	mirror	VBP
work_3ehybzpqvbdsjlegtnkdycupja	682	17	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	682	18	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	682	19	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	682	20	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	682	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	683	1	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	683	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	683	3	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	683	4	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	683	5	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	683	6	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	683	7	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	683	8	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	683	9	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	683	10	averse	averse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	683	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	683	12	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	683	13	require	require	VBP
work_3ehybzpqvbdsjlegtnkdycupja	683	14	compensation	compensation	NN
work_3ehybzpqvbdsjlegtnkdycupja	683	15	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	683	16	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	683	17	satisfying	satisfy	VBG
work_3ehybzpqvbdsjlegtnkdycupja	683	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	683	19	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	683	20	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	683	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	683	22	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	683	23	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	683	24	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	683	25	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	683	26	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	683	27	proportional	proportional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	683	28	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	683	29	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	683	30	perceived	perceive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	683	31	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	683	32	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	683	33	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	683	34	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	683	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	684	1	That	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	684	2	com-	com-	NN
work_3ehybzpqvbdsjlegtnkdycupja	684	3	45The	45the	CD
work_3ehybzpqvbdsjlegtnkdycupja	684	4	green	green	JJ
work_3ehybzpqvbdsjlegtnkdycupja	684	5	line	line	NN
work_3ehybzpqvbdsjlegtnkdycupja	684	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	684	7	panels	panel	NNS
work_3ehybzpqvbdsjlegtnkdycupja	684	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	684	9	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	684	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	684	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	684	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	684	13	c	c	NN
work_3ehybzpqvbdsjlegtnkdycupja	684	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	684	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	684	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	684	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	684	18	d	d	NN
work_3ehybzpqvbdsjlegtnkdycupja	684	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	684	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	684	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	684	22	figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	684	23	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	684	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	684	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	684	26	log	log	NN
work_3ehybzpqvbdsjlegtnkdycupja	684	27	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	684	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	684	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	684	30	average	average	NN
work_3ehybzpqvbdsjlegtnkdycupja	684	31	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	684	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	684	33	semi	semi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	684	34	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	684	35	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	684	36	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	684	37	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	684	38	obtained	obtain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	684	39	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	684	40	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	684	41	simulations	simulation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	684	42	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	684	43	that	that	RB
work_3ehybzpqvbdsjlegtnkdycupja	684	44	is	is	RB
work_3ehybzpqvbdsjlegtnkdycupja	684	45	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	684	46	ln((1/1000	ln((1/1000	NNP
work_3ehybzpqvbdsjlegtnkdycupja	684	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	684	48	∑1000	∑1000	NFP
work_3ehybzpqvbdsjlegtnkdycupja	684	49	j=1	j=1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	684	50	Enj[v	Enj[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	684	51	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	684	52	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	684	53	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	684	54	n	n	NN
work_3ehybzpqvbdsjlegtnkdycupja	684	55	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	684	56	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	684	57	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	684	58	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	684	59	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	685	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	685	2	horizontal	horizontal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	685	3	line	line	NN
work_3ehybzpqvbdsjlegtnkdycupja	685	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	685	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	685	6	plots	plot	NNS
work_3ehybzpqvbdsjlegtnkdycupja	685	7	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	685	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	685	9	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	685	10	paths	path	NNS
work_3ehybzpqvbdsjlegtnkdycupja	685	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	685	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	685	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	685	14	log	log	NN
work_3ehybzpqvbdsjlegtnkdycupja	685	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	685	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	685	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	685	18	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	685	19	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	685	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	685	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	685	22	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	685	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	685	24	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	685	25	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	685	26	simulation	simulation	NN
work_3ehybzpqvbdsjlegtnkdycupja	685	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	685	28	ln(38.08	ln(38.08	LS
work_3ehybzpqvbdsjlegtnkdycupja	685	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	685	30	≈	≈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	685	31	3.64	3.64	CD
work_3ehybzpqvbdsjlegtnkdycupja	685	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	685	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	686	1	42	42	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	2	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	3	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	4	n	n	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	5	0.05	0.05	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	6	0.10	0.10	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	7	0.15	0.15	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	8	0.20	0.20	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	9	0.25	0.25	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	10	Θn	Θn	NNS
work_3ehybzpqvbdsjlegtnkdycupja	686	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	12	a	a	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	14	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	15	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	16	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	17	n	n	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	18	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	19	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	20	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	21	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	22	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	23	12	12	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	24	Log@En	Log@En	NNP
work_3ehybzpqvbdsjlegtnkdycupja	686	25	@vDD	@vDD	NNP
work_3ehybzpqvbdsjlegtnkdycupja	686	26	Log@	log@	JJ
work_3ehybzpqvbdsjlegtnkdycupja	686	27	pn	pn	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	28	D	d	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	30	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	32	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	33	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	34	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	35	n	n	CC
work_3ehybzpqvbdsjlegtnkdycupja	686	36	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	37	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	38	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	39	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	40	Log@En	Log@En	NNP
work_3ehybzpqvbdsjlegtnkdycupja	686	41	@vDD	@vDD	NNP
work_3ehybzpqvbdsjlegtnkdycupja	686	42	Log@	log@	JJ
work_3ehybzpqvbdsjlegtnkdycupja	686	43	pn	pn	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	44	D	d	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	45	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	46	c	c	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	48	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	49	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	50	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	51	n	n	CC
work_3ehybzpqvbdsjlegtnkdycupja	686	52	3.55	3.55	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	53	3.60	3.60	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	54	3.65	3.65	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	55	3.70	3.70	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	56	Log@En	Log@En	NNP
work_3ehybzpqvbdsjlegtnkdycupja	686	57	@vDD	@vDD	NNP
work_3ehybzpqvbdsjlegtnkdycupja	686	58	Log@	log@	JJ
work_3ehybzpqvbdsjlegtnkdycupja	686	59	pn	pn	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	60	D	d	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	61	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	62	d	d	NNP
work_3ehybzpqvbdsjlegtnkdycupja	686	63	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	64	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	65	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	686	66	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	686	67	Liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	68	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	686	69	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	686	70	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	71	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	72	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	73	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	74	a	a	LS
work_3ehybzpqvbdsjlegtnkdycupja	686	75	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	76	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	77	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	686	78	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	686	79	path	path	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	80	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	686	81	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	686	82	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	83	red	red	NNP
work_3ehybzpqvbdsjlegtnkdycupja	686	84	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	85	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	686	86	semi-	semi-	VBD
work_3ehybzpqvbdsjlegtnkdycupja	686	87	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	686	88	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	686	89	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	686	90	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	91	green	green	JJ
work_3ehybzpqvbdsjlegtnkdycupja	686	92	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	93	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	686	94	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	686	95	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	96	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	686	97	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	686	98	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	686	99	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	100	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	686	101	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	686	102	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	686	103	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	686	104	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	686	105	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	686	106	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	686	107	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	108	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	686	109	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	686	110	panels	panel	NNS
work_3ehybzpqvbdsjlegtnkdycupja	686	111	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	112	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	113	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	114	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	686	115	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	116	c	c	NN
work_3ehybzpqvbdsjlegtnkdycupja	686	117	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	118	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	686	119	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	686	120	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	121	d	d	NNP
work_3ehybzpqvbdsjlegtnkdycupja	686	122	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	123	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	686	124	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	687	1	Parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	687	2	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	687	3	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	687	4	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	687	5	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	687	6	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	687	7	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	687	8	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	687	9	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	687	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	687	11	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	687	12	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	687	13	.01	.01	NFP
work_3ehybzpqvbdsjlegtnkdycupja	687	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	687	15	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	687	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	687	17	.1	.1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	687	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	687	19	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	687	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	687	21	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	687	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	687	23	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	687	24	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	687	25	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	687	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	687	27	τη	τη	NNP
work_3ehybzpqvbdsjlegtnkdycupja	687	28	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	687	29	.001862	.001862	XX
work_3ehybzpqvbdsjlegtnkdycupja	687	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	687	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	687	32	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	687	33	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	687	34	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	687	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	688	1	pensation	pensation	NN
work_3ehybzpqvbdsjlegtnkdycupja	688	2	drives	drive	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	688	3	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	688	4	above	above	IN
work_3ehybzpqvbdsjlegtnkdycupja	688	5	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	688	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	688	7	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	688	8	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	688	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	689	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	689	2	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	689	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	689	4	c	c	NN
work_3ehybzpqvbdsjlegtnkdycupja	689	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	689	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	689	7	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	689	8	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	689	9	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	689	10	see	see	VBP
work_3ehybzpqvbdsjlegtnkdycupja	689	11	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	689	12	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	689	13	display	display	VBP
work_3ehybzpqvbdsjlegtnkdycupja	689	14	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	689	15	qualitatively	qualitatively	RB
work_3ehybzpqvbdsjlegtnkdycupja	689	16	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	689	17	behavior	behavior	NN
work_3ehybzpqvbdsjlegtnkdycupja	689	18	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	689	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	689	20	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	689	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	690	1	Yet	yet	CC
work_3ehybzpqvbdsjlegtnkdycupja	690	2	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	690	3	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	690	4	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	690	5	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	690	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	690	7	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	690	8	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	690	9	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	690	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	690	11	so	so	RB
work_3ehybzpqvbdsjlegtnkdycupja	690	12	part	part	NN
work_3ehybzpqvbdsjlegtnkdycupja	690	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	690	14	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	690	15	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	690	16	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	690	17	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	690	18	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	690	19	accommodated	accommodate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	690	20	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	690	21	offsetting	offset	VBG
work_3ehybzpqvbdsjlegtnkdycupja	690	22	speculative	speculative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	690	23	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	690	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	690	25	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	690	26	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	690	27	numerical	numerical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	690	28	example	example	NN
work_3ehybzpqvbdsjlegtnkdycupja	690	29	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	690	30	sell	sell	VB
work_3ehybzpqvbdsjlegtnkdycupja	690	31	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	690	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	690	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	691	1	These	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	691	2	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	691	3	transmit	transmit	VBP
work_3ehybzpqvbdsjlegtnkdycupja	691	4	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	691	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	691	6	thereby	thereby	RB
work_3ehybzpqvbdsjlegtnkdycupja	691	7	diminish	diminish	JJ
work_3ehybzpqvbdsjlegtnkdycupja	691	8	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	691	9	’	'	''
work_3ehybzpqvbdsjlegtnkdycupja	691	10	perceived	perceive	VBD
work_3ehybzpqvbdsjlegtnkdycupja	691	11	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	691	12	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	691	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	691	14	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	691	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	691	16	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	691	17	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	691	18	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	691	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	691	20	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	691	21	adjustment	adjustment	NN
work_3ehybzpqvbdsjlegtnkdycupja	691	22	needed	need	VBD
work_3ehybzpqvbdsjlegtnkdycupja	691	23	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	691	24	accommodate	accommodate	VB
work_3ehybzpqvbdsjlegtnkdycupja	691	25	θn	θn	NNP
work_3ehybzpqvbdsjlegtnkdycupja	691	26	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	691	27	lower	low	JJR
work_3ehybzpqvbdsjlegtnkdycupja	691	28	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	691	29	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	691	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	691	31	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	691	32	=	=	NN
work_3ehybzpqvbdsjlegtnkdycupja	691	33	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	691	34	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	691	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	692	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	692	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	692	3	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	692	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	692	5	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	692	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	692	7	absent	absent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	692	8	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	692	9	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	692	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	692	11	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	692	12	path	path	NN
work_3ehybzpqvbdsjlegtnkdycupja	692	13	reflects	reflect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	692	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	692	15	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	692	16	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	692	17	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	692	18	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	692	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	692	20	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	692	21	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	692	22	hump	hump	RB
work_3ehybzpqvbdsjlegtnkdycupja	692	23	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	692	24	shaped	shaped	JJ
work_3ehybzpqvbdsjlegtnkdycupja	692	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	693	1	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	693	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	693	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	693	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	693	5	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	693	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	693	7	d	d	NNP
work_3ehybzpqvbdsjlegtnkdycupja	693	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	693	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	693	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	693	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	693	12	contrast	contrast	NN
work_3ehybzpqvbdsjlegtnkdycupja	693	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	693	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	693	15	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	693	16	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	693	17	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	693	18	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	693	19	coincides	coincide	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	693	20	almost	almost	RB
work_3ehybzpqvbdsjlegtnkdycupja	693	21	exactly	exactly	RB
work_3ehybzpqvbdsjlegtnkdycupja	693	22	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	693	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	693	24	semi	semi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	693	25	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	693	26	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	693	27	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	693	28	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	693	29	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	693	30	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	693	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	693	32	full	full	JJ
work_3ehybzpqvbdsjlegtnkdycupja	693	33	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	693	34	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	693	35	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	693	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	694	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	694	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	694	3	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	694	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	694	5	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	694	6	aggressively	aggressively	RB
work_3ehybzpqvbdsjlegtnkdycupja	694	7	speculate	speculate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	694	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	694	9	sell	sell	VBP
work_3ehybzpqvbdsjlegtnkdycupja	694	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	694	11	against	against	IN
work_3ehybzpqvbdsjlegtnkdycupja	694	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	694	13	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	694	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	694	15	buy	buy	VB
work_3ehybzpqvbdsjlegtnkdycupja	694	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	694	17	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	694	18	θn	θn	NN
work_3ehybzpqvbdsjlegtnkdycupja	694	19	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	694	20	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	694	21	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	694	22	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	694	23	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	694	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	695	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	695	2	behavior	behavior	NN
work_3ehybzpqvbdsjlegtnkdycupja	695	3	drives	drive	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	695	4	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	695	5	below	below	IN
work_3ehybzpqvbdsjlegtnkdycupja	695	6	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	695	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	695	8	close	close	RB
work_3ehybzpqvbdsjlegtnkdycupja	695	9	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	695	10	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	695	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	695	12	accelerating	accelerate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	695	13	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	695	14	adjustment	adjustment	NN
work_3ehybzpqvbdsjlegtnkdycupja	695	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	696	1	These	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	696	2	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	696	3	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	696	4	highly	highly	RB
work_3ehybzpqvbdsjlegtnkdycupja	696	5	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	696	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	696	7	thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	696	8	dra-	dra-	RB
work_3ehybzpqvbdsjlegtnkdycupja	696	9	matically	matically	RB
work_3ehybzpqvbdsjlegtnkdycupja	696	10	reduce	reduce	VBP
work_3ehybzpqvbdsjlegtnkdycupja	696	11	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	696	12	’	'	''
work_3ehybzpqvbdsjlegtnkdycupja	696	13	perceived	perceive	VBD
work_3ehybzpqvbdsjlegtnkdycupja	696	14	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	696	15	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	696	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	696	17	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	696	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	696	19	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	696	20	explains	explain	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	696	21	why	why	WRB
work_3ehybzpqvbdsjlegtnkdycupja	696	22	43	43	CD
work_3ehybzpqvbdsjlegtnkdycupja	696	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	696	24	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	696	25	nearly	nearly	RB
work_3ehybzpqvbdsjlegtnkdycupja	696	26	matches	match	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	696	27	En[v	En[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	696	28	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	696	29	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	696	30	though	though	IN
work_3ehybzpqvbdsjlegtnkdycupja	696	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	696	32	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	696	33	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	696	34	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	696	35	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	696	36	bearing	bearing	NN
work_3ehybzpqvbdsjlegtnkdycupja	696	37	capacity	capacity	NN
work_3ehybzpqvbdsjlegtnkdycupja	696	38	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	696	39	limited	limited	JJ
work_3ehybzpqvbdsjlegtnkdycupja	696	40	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	696	41	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	696	42	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	696	43	∞	∞	XX
work_3ehybzpqvbdsjlegtnkdycupja	696	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	696	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	697	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	697	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	697	3	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	697	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	697	5	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	697	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	697	7	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	697	8	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	697	9	offsets	offset	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	697	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	697	11	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	697	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	697	13	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	697	14	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	697	15	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	697	16	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	697	17	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	697	18	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	697	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	697	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	697	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	697	22	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	697	23	path	path	NN
work_3ehybzpqvbdsjlegtnkdycupja	697	24	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	697	25	inversely	inversely	RB
work_3ehybzpqvbdsjlegtnkdycupja	697	26	hump	hump	RBR
work_3ehybzpqvbdsjlegtnkdycupja	697	27	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	697	28	shaped	shaped	JJ
work_3ehybzpqvbdsjlegtnkdycupja	697	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	698	1	These	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	698	2	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	698	3	patterns	pattern	NNS
work_3ehybzpqvbdsjlegtnkdycupja	698	4	complement	complement	VBP
work_3ehybzpqvbdsjlegtnkdycupja	698	5	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	698	6	findings	finding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	698	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	698	8	suggest	suggest	VBP
work_3ehybzpqvbdsjlegtnkdycupja	698	9	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	698	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	698	11	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	698	12	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	698	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	698	14	compensa-	compensa-	NN
work_3ehybzpqvbdsjlegtnkdycupja	698	15	tion	tion	NN
work_3ehybzpqvbdsjlegtnkdycupja	698	16	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	698	17	receive	receive	VBP
work_3ehybzpqvbdsjlegtnkdycupja	698	18	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	698	19	supplying	supply	VBG
work_3ehybzpqvbdsjlegtnkdycupja	698	20	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	698	21	should	should	MD
work_3ehybzpqvbdsjlegtnkdycupja	698	22	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	698	23	greater	great	JJR
work_3ehybzpqvbdsjlegtnkdycupja	698	24	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	698	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	698	26	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	698	27	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	698	28	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	698	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	698	30	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	698	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	698	32	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	698	33	ii	ii	NNP
work_3ehybzpqvbdsjlegtnkdycupja	698	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	698	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	698	36	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	698	37	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	698	38	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	698	39	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	698	40	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	698	41	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	698	42	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	698	43	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	698	44	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	698	45	flow	flow	NN
work_3ehybzpqvbdsjlegtnkdycupja	698	46	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	698	47	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	698	48	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	698	49	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	698	50	should	should	MD
work_3ehybzpqvbdsjlegtnkdycupja	698	51	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	698	52	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	698	53	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	698	54	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	698	55	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	698	56	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	698	57	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	698	58	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	698	59	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	698	60	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	699	1	Both	both	DT
work_3ehybzpqvbdsjlegtnkdycupja	699	2	predictions	prediction	NNS
work_3ehybzpqvbdsjlegtnkdycupja	699	3	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	699	4	confirmed	confirm	VBN
work_3ehybzpqvbdsjlegtnkdycupja	699	5	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	699	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	699	7	last	last	JJ
work_3ehybzpqvbdsjlegtnkdycupja	699	8	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	699	9	rows	row	NNS
work_3ehybzpqvbdsjlegtnkdycupja	699	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	699	11	Table	table	NN
work_3ehybzpqvbdsjlegtnkdycupja	699	12	1.46	1.46	CD
work_3ehybzpqvbdsjlegtnkdycupja	699	13	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	699	14	latter	latter	JJ
work_3ehybzpqvbdsjlegtnkdycupja	699	15	prediction	prediction	NN
work_3ehybzpqvbdsjlegtnkdycupja	699	16	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	699	17	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	699	18	consistent	consistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	699	19	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	699	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	699	21	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	699	22	pre-	pre-	NN
work_3ehybzpqvbdsjlegtnkdycupja	699	23	sented	sente	VBN
work_3ehybzpqvbdsjlegtnkdycupja	699	24	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	699	25	Chordia	Chordia	NNP
work_3ehybzpqvbdsjlegtnkdycupja	699	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	699	27	Roll	Roll	NNP
work_3ehybzpqvbdsjlegtnkdycupja	699	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	699	29	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	699	30	Subrahmanyam	Subrahmanyam	NNP
work_3ehybzpqvbdsjlegtnkdycupja	699	31	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	699	32	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	699	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	699	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	699	35	who	who	WP
work_3ehybzpqvbdsjlegtnkdycupja	699	36	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	699	37	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	699	38	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	699	39	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	699	40	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	699	41	return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	699	42	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	699	43	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	699	44	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	699	45	flows	flow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	699	46	declines	decline	NNS
work_3ehybzpqvbdsjlegtnkdycupja	699	47	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	699	48	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	699	49	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	699	50	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	699	51	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	699	52	liquid	liquid	JJ
work_3ehybzpqvbdsjlegtnkdycupja	699	53	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	700	1	Combining	combine	VBG
work_3ehybzpqvbdsjlegtnkdycupja	700	2	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	700	3	observations	observation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	700	4	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	700	5	Proposition	Proposition	NNP
work_3ehybzpqvbdsjlegtnkdycupja	700	6	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	700	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	700	8	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	700	9	previous	previous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	700	10	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	700	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	700	12	Sec-	Sec-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	700	13	tion	tion	NN
work_3ehybzpqvbdsjlegtnkdycupja	700	14	IV	IV	NNP
work_3ehybzpqvbdsjlegtnkdycupja	700	15	suggests	suggest	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	700	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	700	17	way	way	NN
work_3ehybzpqvbdsjlegtnkdycupja	700	18	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	700	19	identify	identify	VB
work_3ehybzpqvbdsjlegtnkdycupja	700	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	700	21	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	700	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	700	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	700	24	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	700	25	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	700	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	700	27	data	datum	NNS
work_3ehybzpqvbdsjlegtnkdycupja	700	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	701	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	701	2	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	701	3	predicts	predict	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	701	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	701	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	701	6	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	701	7	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	701	8	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	701	9	extreme	extreme	JJ
work_3ehybzpqvbdsjlegtnkdycupja	701	10	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	701	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	701	12	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	701	13	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	701	14	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	701	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	701	16	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	701	17	could	could	MD
work_3ehybzpqvbdsjlegtnkdycupja	701	18	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	701	19	proxied	proxie	VBN
work_3ehybzpqvbdsjlegtnkdycupja	701	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	701	21	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	701	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	701	23	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	701	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	701	25	number	number	NN
work_3ehybzpqvbdsjlegtnkdycupja	701	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	701	27	analysts	analyst	NNS
work_3ehybzpqvbdsjlegtnkdycupja	701	28	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	701	29	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	701	30	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	701	31	security	security	NN
work_3ehybzpqvbdsjlegtnkdycupja	701	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	701	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	702	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	702	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	702	4	characterized	characterize	VBN
work_3ehybzpqvbdsjlegtnkdycupja	702	5	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	702	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	702	7	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	702	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	702	10	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	702	11	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	12	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	702	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	702	15	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	16	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	702	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	702	19	ii	ii	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	702	21	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	22	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	702	23	reversal	reversal	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	24	depending	depend	VBG
work_3ehybzpqvbdsjlegtnkdycupja	702	25	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	702	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	702	27	strength	strength	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	28	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	702	29	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	30	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	702	32	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	702	33	iii	iii	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	702	35	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	702	36	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	702	37	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	702	38	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	702	39	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	40	provision	provision	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	41	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	702	42	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	702	43	iv	iv	LS
work_3ehybzpqvbdsjlegtnkdycupja	702	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	702	45	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	702	46	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	702	47	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	702	48	far	far	RB
work_3ehybzpqvbdsjlegtnkdycupja	702	49	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	702	50	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	702	51	semi	semi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	702	52	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	702	53	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	702	54	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	702	55	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	56	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	702	57	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	702	58	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	59	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	702	60	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	702	61	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	702	62	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	702	63	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	64	return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	65	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	66	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	702	67	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	68	imbalances	imbalance	NNS
work_3ehybzpqvbdsjlegtnkdycupja	702	69	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	702	70	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	702	71	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	702	72	vi	vi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	702	73	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	702	74	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	702	75	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	76	accom-	accom-	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	77	panied	panie	VBN
work_3ehybzpqvbdsjlegtnkdycupja	702	78	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	702	79	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	702	80	levels	level	NNS
work_3ehybzpqvbdsjlegtnkdycupja	702	81	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	702	82	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	702	83	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	703	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	703	2	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	703	3	predicts	predict	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	703	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	703	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	703	6	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	703	7	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	703	8	arise	arise	VB
work_3ehybzpqvbdsjlegtnkdycupja	703	9	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	703	10	intermediate	intermediate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	703	11	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	703	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	703	13	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	703	14	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	703	15	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	703	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	704	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	704	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	704	4	characterized	characterize	VBN
work_3ehybzpqvbdsjlegtnkdycupja	704	5	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	704	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	704	7	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	704	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	704	10	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	704	11	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	12	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	704	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	704	15	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	16	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	704	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	704	19	ii	ii	NNP
work_3ehybzpqvbdsjlegtnkdycupja	704	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	704	21	mild	mild	JJ
work_3ehybzpqvbdsjlegtnkdycupja	704	22	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	704	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	704	25	iii	iii	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	704	27	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	704	28	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	704	29	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	704	30	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	704	31	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	32	provision	provision	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	33	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	704	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	704	35	iv	iv	LS
work_3ehybzpqvbdsjlegtnkdycupja	704	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	704	37	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	704	38	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	704	39	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	704	40	close	close	JJ
work_3ehybzpqvbdsjlegtnkdycupja	704	41	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	704	42	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	704	43	semi	semi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	704	44	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	704	45	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	704	46	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	704	47	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	48	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	704	49	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	704	50	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	51	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	704	52	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	704	53	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	704	54	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	704	55	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	56	return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	57	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	58	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	704	59	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	60	imbalances	imbalance	NNS
work_3ehybzpqvbdsjlegtnkdycupja	704	61	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	704	62	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	704	63	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	704	64	vi	vi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	704	65	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	704	66	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	704	67	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	68	accompanied	accompany	VBN
work_3ehybzpqvbdsjlegtnkdycupja	704	69	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	704	70	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	704	71	levels	level	NNS
work_3ehybzpqvbdsjlegtnkdycupja	704	72	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	704	73	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	704	74	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	705	1	See	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	705	2	Table	table	NN
work_3ehybzpqvbdsjlegtnkdycupja	705	3	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	705	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	705	5	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	705	6	summarizes	summarize	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	705	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	705	8	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	705	9	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	705	10	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	705	11	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	705	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	706	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	706	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	706	3	predictions	prediction	NNS
work_3ehybzpqvbdsjlegtnkdycupja	706	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	706	5	Table	table	NN
work_3ehybzpqvbdsjlegtnkdycupja	706	6	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	706	7	help	help	VBP
work_3ehybzpqvbdsjlegtnkdycupja	706	8	us	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	706	9	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	706	10	using	use	VBG
work_3ehybzpqvbdsjlegtnkdycupja	706	11	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	706	12	data	datum	NNS
work_3ehybzpqvbdsjlegtnkdycupja	706	13	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	706	14	distin-	distin-	VB
work_3ehybzpqvbdsjlegtnkdycupja	706	15	guish	guish	VB
work_3ehybzpqvbdsjlegtnkdycupja	706	16	among	among	IN
work_3ehybzpqvbdsjlegtnkdycupja	706	17	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	706	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	706	19	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	706	20	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	706	21	seeking	seek	VBG
work_3ehybzpqvbdsjlegtnkdycupja	706	22	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	706	23	discriminate	discriminate	VB
work_3ehybzpqvbdsjlegtnkdycupja	706	24	among	among	IN
work_3ehybzpqvbdsjlegtnkdycupja	706	25	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	706	26	behavioral	behavioral	JJ
work_3ehybzpqvbdsjlegtnkdycupja	706	27	theories	theory	NNS
work_3ehybzpqvbdsjlegtnkdycupja	706	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	707	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	707	2	main	main	JJ
work_3ehybzpqvbdsjlegtnkdycupja	707	3	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	707	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	707	5	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	707	6	findings	finding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	707	7	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	707	8	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	707	9	listed	list	VBN
work_3ehybzpqvbdsjlegtnkdycupja	707	10	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	707	11	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	707	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	708	1	1	1	LS
work_3ehybzpqvbdsjlegtnkdycupja	708	2	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	709	1	High	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	709	2	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	709	3	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	709	4	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	709	5	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	709	6	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	709	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	709	8	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	709	9	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	709	10	argues	argue	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	709	11	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	709	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	709	13	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	709	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	709	15	relation	relation	NN
work_3ehybzpqvbdsjlegtnkdycupja	709	16	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	709	17	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	709	18	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	709	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	709	20	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	709	21	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	709	22	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	709	23	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	709	24	alternative	alternative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	709	25	theories	theory	NNS
work_3ehybzpqvbdsjlegtnkdycupja	709	26	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	709	27	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	709	28	differences	difference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	709	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	709	30	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	709	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	709	32	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	709	33	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	709	34	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	709	35	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	709	36	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	709	37	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	709	38	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	709	39	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	709	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	710	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	710	2	46The	46the	CD
work_3ehybzpqvbdsjlegtnkdycupja	710	3	expected	expected	JJ
work_3ehybzpqvbdsjlegtnkdycupja	710	4	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	710	5	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	710	6	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	710	7	provision	provision	NN
work_3ehybzpqvbdsjlegtnkdycupja	710	8	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	710	9	calculated	calculate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	710	10	per	per	IN
work_3ehybzpqvbdsjlegtnkdycupja	710	11	unit	unit	NN
work_3ehybzpqvbdsjlegtnkdycupja	710	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	710	13	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	710	14	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	710	15	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	710	16	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	710	17	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	710	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	710	19	E1[θ1	e1[θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	710	20	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	710	21	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	710	22	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	710	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	711	1	Since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	711	2	E1[v	e1[v	FW
work_3ehybzpqvbdsjlegtnkdycupja	711	3	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	711	4	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	711	5	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	711	6	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	711	7	−βΛ2E1[θ1	−βΛ2E1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	711	8	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	711	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	711	10	E1[p2	E1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	711	11	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	711	12	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	711	13	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	711	14	=	=	NN
work_3ehybzpqvbdsjlegtnkdycupja	711	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	711	16	βΛ2	βΛ2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	711	17	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	711	18	Λ1)E1[θ1	Λ1)E1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	711	19	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	711	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	711	21	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	711	22	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	711	23	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	711	24	expected	expected	JJ
work_3ehybzpqvbdsjlegtnkdycupja	711	25	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	711	26	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	711	27	due	due	JJ
work_3ehybzpqvbdsjlegtnkdycupja	711	28	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	711	29	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	711	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	711	31	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	711	32	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	711	33	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	711	34	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	711	35	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	711	36	consistently	consistently	RB
work_3ehybzpqvbdsjlegtnkdycupja	711	37	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	711	38	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	711	39	interpretation	interpretation	NN
work_3ehybzpqvbdsjlegtnkdycupja	711	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	712	1	44	44	CD
work_3ehybzpqvbdsjlegtnkdycupja	712	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	712	4	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	712	5	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	6	∈	∈	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	712	8	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	712	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	712	10	1	1	LS
work_3ehybzpqvbdsjlegtnkdycupja	712	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	712	12	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	13	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	14	Reliance	Reliance	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	15	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	712	16	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	712	17	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	18	High	High	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	19	High	High	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	20	Low	Low	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	21	Liquidity	Liquidity	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	22	Low	Low	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	23	Low	Low	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	24	High	High	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	25	Price	Price	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	26	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	712	28	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	29	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	712	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	712	31	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	712	32	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	712	33	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	712	34	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	35	Strong	Strong	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	36	Strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	712	37	Weak	weak	JJ
work_3ehybzpqvbdsjlegtnkdycupja	712	38	Price	Price	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	39	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	40	Low	Low	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	41	Low	Low	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	42	High	High	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	43	Risky	Risky	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	44	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	45	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	712	46	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	47	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	712	48	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	712	49	Normal	normal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	712	50	Normal	Normal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	51	Giffen	Giffen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	52	Expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	712	53	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	54	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	712	55	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	712	56	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	57	Low	Low	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	58	Low	Low	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	59	High	High	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	60	Return	Return	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	61	correlation	correlation	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	62	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	712	63	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	712	64	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	712	65	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	66	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	67	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	68	Return	Return	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	69	correlation	correlation	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	70	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	712	71	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	712	72	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	712	73	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	74	±	±	CD
work_3ehybzpqvbdsjlegtnkdycupja	712	75	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	712	76	Disagreement	Disagreement	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	77	High	High	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	78	High	High	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	79	Low	Low	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	80	Conditional	Conditional	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	81	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	82	High	High	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	83	High	High	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	84	Low	Low	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	85	Table	table	NN
work_3ehybzpqvbdsjlegtnkdycupja	712	86	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	712	87	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	712	88	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	712	89	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	90	Contest	Contest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	712	91	revisited	revisit	VBN
work_3ehybzpqvbdsjlegtnkdycupja	712	92	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	713	1	fact	fact	NN
work_3ehybzpqvbdsjlegtnkdycupja	713	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	713	3	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	713	4	observation	observation	NN
work_3ehybzpqvbdsjlegtnkdycupja	713	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	713	6	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	713	7	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	713	8	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	713	9	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	713	10	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	713	11	levels	level	NNS
work_3ehybzpqvbdsjlegtnkdycupja	713	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	713	13	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	713	14	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	713	15	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	713	16	inconsistent	inconsistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	713	17	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	713	18	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	713	19	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	713	20	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	713	21	either	either	CC
work_3ehybzpqvbdsjlegtnkdycupja	713	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	713	23	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	713	24	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	713	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	713	26	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	713	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	714	1	2	2	LS
work_3ehybzpqvbdsjlegtnkdycupja	714	2	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	715	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	715	2	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	715	3	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	715	4	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	715	5	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	715	6	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	715	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	715	8	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	715	9	need	nee	MD
work_3ehybzpqvbdsjlegtnkdycupja	715	10	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	715	11	disqualify	disqualify	VB
work_3ehybzpqvbdsjlegtnkdycupja	715	12	RE	RE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	715	13	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	715	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	715	15	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	715	16	suggested	suggest	VBN
work_3ehybzpqvbdsjlegtnkdycupja	715	17	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	715	18	Banerjee	Banerjee	NNP
work_3ehybzpqvbdsjlegtnkdycupja	715	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	715	20	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	715	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	715	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	715	23	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	715	24	example	example	NN
work_3ehybzpqvbdsjlegtnkdycupja	715	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	715	26	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	715	27	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	715	28	finding	finding	NN
work_3ehybzpqvbdsjlegtnkdycupja	715	29	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	715	30	consistent	consistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	715	31	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	715	32	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	715	33	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	715	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	716	1	3	3	LS
work_3ehybzpqvbdsjlegtnkdycupja	716	2	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	717	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	717	2	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	717	3	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	717	4	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	717	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	717	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	717	7	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	717	8	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	717	9	identifies	identify	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	717	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	717	11	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	717	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	717	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	717	14	oc-	oc-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	717	15	currence	currence	NN
work_3ehybzpqvbdsjlegtnkdycupja	717	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	717	17	return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	717	18	reversals	reversal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	717	19	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	717	20	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	717	21	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	717	22	identifies	identify	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	717	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	717	24	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	717	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	717	26	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	717	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	717	28	maintained	maintained	JJ
work_3ehybzpqvbdsjlegtnkdycupja	717	29	hypothesis	hypothesis	NN
work_3ehybzpqvbdsjlegtnkdycupja	717	30	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	717	31	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	717	32	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	717	33	holds	hold	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	717	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	718	1	4	4	LS
work_3ehybzpqvbdsjlegtnkdycupja	718	2	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	719	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	719	2	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	719	3	fragile	fragile	JJ
work_3ehybzpqvbdsjlegtnkdycupja	719	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	719	5	non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	719	6	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	719	7	fragile	fragile	JJ
work_3ehybzpqvbdsjlegtnkdycupja	719	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	719	9	stocks	stock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	719	10	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	719	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	719	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	719	13	sense	sense	NN
work_3ehybzpqvbdsjlegtnkdycupja	719	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	719	15	Greenwood	Greenwood	NNP
work_3ehybzpqvbdsjlegtnkdycupja	719	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	719	17	Thesmar	Thesmar	NNP
work_3ehybzpqvbdsjlegtnkdycupja	719	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	719	19	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	719	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	719	21	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	719	22	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	719	23	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	719	24	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	719	25	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	719	26	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	719	27	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	719	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	719	29	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	719	30	transacted	transact	VBN
work_3ehybzpqvbdsjlegtnkdycupja	719	31	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	719	32	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	719	33	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	719	34	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	719	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	719	36	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	719	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	719	38	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	719	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	719	40	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	719	41	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	719	42	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	719	43	constitute	constitute	VB
work_3ehybzpqvbdsjlegtnkdycupja	719	44	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	719	45	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	719	46	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	719	47	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	719	48	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	719	49	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	719	50	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	719	51	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	720	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	720	2	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	720	3	words	word	NNS
work_3ehybzpqvbdsjlegtnkdycupja	720	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	720	5	fragility	fragility	NN
work_3ehybzpqvbdsjlegtnkdycupja	720	6	should	should	MD
work_3ehybzpqvbdsjlegtnkdycupja	720	7	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	720	8	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	720	9	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	720	10	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	720	11	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	720	12	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	720	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	720	14	divergence	divergence	NN
work_3ehybzpqvbdsjlegtnkdycupja	720	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	720	16	opinions	opinion	NNS
work_3ehybzpqvbdsjlegtnkdycupja	720	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	721	1	45	45	CD
work_3ehybzpqvbdsjlegtnkdycupja	721	2	E	E	NNS
work_3ehybzpqvbdsjlegtnkdycupja	721	3	Meltdowns	Meltdowns	NNP
work_3ehybzpqvbdsjlegtnkdycupja	721	4	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	721	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	721	6	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	721	7	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	721	8	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	721	9	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	721	10	shed	shed	VB
work_3ehybzpqvbdsjlegtnkdycupja	721	11	some	some	DT
work_3ehybzpqvbdsjlegtnkdycupja	721	12	light	light	NN
work_3ehybzpqvbdsjlegtnkdycupja	721	13	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	721	14	episodes	episode	NNS
work_3ehybzpqvbdsjlegtnkdycupja	721	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	721	16	sudden	sudden	JJ
work_3ehybzpqvbdsjlegtnkdycupja	721	17	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	721	18	dry	dry	NN
work_3ehybzpqvbdsjlegtnkdycupja	721	19	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	721	20	ups	up	NNS
work_3ehybzpqvbdsjlegtnkdycupja	721	21	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	721	22	exemplified	exemplify	VBN
work_3ehybzpqvbdsjlegtnkdycupja	721	23	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	721	24	severe	severe	JJ
work_3ehybzpqvbdsjlegtnkdycupja	721	25	form	form	NN
work_3ehybzpqvbdsjlegtnkdycupja	721	26	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	721	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	721	28	recent	recent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	721	29	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	721	30	crisis	crisis	NN
work_3ehybzpqvbdsjlegtnkdycupja	721	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	722	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	722	2	offer	offer	VBP
work_3ehybzpqvbdsjlegtnkdycupja	722	3	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	722	4	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	722	5	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	722	6	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	722	7	explanation	explanation	NN
work_3ehybzpqvbdsjlegtnkdycupja	722	8	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	722	9	complements	complement	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	722	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	722	11	standard	standard	JJ
work_3ehybzpqvbdsjlegtnkdycupja	722	12	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	722	13	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	722	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	722	15	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	722	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	722	17	insufficient	insufficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	722	18	arbitrage	arbitrage	NN
work_3ehybzpqvbdsjlegtnkdycupja	722	19	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	722	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	723	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	723	2	quant	quant	JJ
work_3ehybzpqvbdsjlegtnkdycupja	723	3	meltdown	meltdown	NN
work_3ehybzpqvbdsjlegtnkdycupja	723	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	723	5	August	August	NNP
work_3ehybzpqvbdsjlegtnkdycupja	723	6	2007	2007	CD
work_3ehybzpqvbdsjlegtnkdycupja	723	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	724	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	724	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	724	3	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	724	4	week	week	NN
work_3ehybzpqvbdsjlegtnkdycupja	724	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	724	6	August	August	NNP
work_3ehybzpqvbdsjlegtnkdycupja	724	7	2007	2007	CD
work_3ehybzpqvbdsjlegtnkdycupja	724	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	724	9	several	several	JJ
work_3ehybzpqvbdsjlegtnkdycupja	724	10	hedge	hedge	NN
work_3ehybzpqvbdsjlegtnkdycupja	724	11	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	724	12	started	start	VBD
work_3ehybzpqvbdsjlegtnkdycupja	724	13	unwinding	unwind	VBG
work_3ehybzpqvbdsjlegtnkdycupja	724	14	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	724	15	holdings	holding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	724	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	724	17	arguably	arguably	RB
work_3ehybzpqvbdsjlegtnkdycupja	724	18	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	724	19	non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	724	20	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	724	21	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	724	22	reasons	reason	NNS
work_3ehybzpqvbdsjlegtnkdycupja	724	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	724	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	725	1	Khandani	Khandani	NNP
work_3ehybzpqvbdsjlegtnkdycupja	725	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	725	3	Lo	Lo	NNP
work_3ehybzpqvbdsjlegtnkdycupja	725	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	725	5	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	725	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	725	7	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	725	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	725	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	725	10	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	725	11	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	725	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	725	13	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	725	14	spiked	spike	VBN
work_3ehybzpqvbdsjlegtnkdycupja	725	15	during	during	IN
work_3ehybzpqvbdsjlegtnkdycupja	725	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	725	17	event	event	NN
work_3ehybzpqvbdsjlegtnkdycupja	725	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	726	1	Their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	726	2	conclusion	conclusion	NN
work_3ehybzpqvbdsjlegtnkdycupja	726	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	726	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	726	5	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	726	6	lack	lack	NN
work_3ehybzpqvbdsjlegtnkdycupja	726	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	726	8	arbitrage	arbitrage	NN
work_3ehybzpqvbdsjlegtnkdycupja	726	9	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	726	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	726	11	together	together	RB
work_3ehybzpqvbdsjlegtnkdycupja	726	12	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	726	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	726	14	increased	increase	VBN
work_3ehybzpqvbdsjlegtnkdycupja	726	15	importance	importance	NN
work_3ehybzpqvbdsjlegtnkdycupja	726	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	726	17	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	726	18	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	726	19	frequency	frequency	NN
work_3ehybzpqvbdsjlegtnkdycupja	726	20	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	726	21	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	726	22	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	726	23	making	making	NN
work_3ehybzpqvbdsjlegtnkdycupja	726	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	726	25	was	be	VBD
work_3ehybzpqvbdsjlegtnkdycupja	726	26	largely	largely	RB
work_3ehybzpqvbdsjlegtnkdycupja	726	27	responsible	responsible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	726	28	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	726	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	726	30	meltdown	meltdown	NN
work_3ehybzpqvbdsjlegtnkdycupja	726	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	727	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	727	2	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	727	3	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	727	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	727	5	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	727	6	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	727	7	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	727	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	727	9	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	727	10	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	727	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	727	12	consistent	consistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	727	13	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	727	14	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	727	15	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	727	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	727	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	727	18	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	727	19	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	727	20	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	727	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	727	22	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	727	23	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	727	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	727	25	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	727	26	switch	switch	NN
work_3ehybzpqvbdsjlegtnkdycupja	727	27	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	727	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	727	29	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	727	30	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	727	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	727	32	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	727	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	727	34	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	727	35	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	727	36	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	727	37	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	727	38	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	727	39	disappear	disappear	VB
work_3ehybzpqvbdsjlegtnkdycupja	727	40	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	727	41	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	727	42	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	727	43	2(d	2(d	CD
work_3ehybzpqvbdsjlegtnkdycupja	727	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	727	45	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	727	46	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	728	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	728	2	fact	fact	NN
work_3ehybzpqvbdsjlegtnkdycupja	728	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	728	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	728	5	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	728	6	prevails	prevail	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	728	7	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	728	8	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	728	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	728	10	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	728	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	728	12	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	728	13	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	728	14	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	728	15	larger	large	JJR
work_3ehybzpqvbdsjlegtnkdycupja	728	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	728	17	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	728	18	volatile	volatile	JJ
work_3ehybzpqvbdsjlegtnkdycupja	728	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	729	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	729	2	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	729	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	729	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	729	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	729	6	retro-	retro-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	729	7	spective	spective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	729	8	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	729	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	729	10	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	729	11	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	729	12	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	729	13	weakens	weakens	NNP
work_3ehybzpqvbdsjlegtnkdycupja	729	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	729	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	729	16	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	729	17	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	729	18	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	729	19	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	729	20	disappears	disappear	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	729	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	730	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	730	2	alternative	alternative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	730	3	view	view	NN
work_3ehybzpqvbdsjlegtnkdycupja	730	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	730	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	730	6	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	730	7	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	730	8	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	730	9	had	have	VBD
work_3ehybzpqvbdsjlegtnkdycupja	730	10	been	be	VBN
work_3ehybzpqvbdsjlegtnkdycupja	730	11	abundant	abundant	JJ
work_3ehybzpqvbdsjlegtnkdycupja	730	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	730	13	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	730	14	CARA	CARA	NNP
work_3ehybzpqvbdsjlegtnkdycupja	730	15	utilities	utility	NNS
work_3ehybzpqvbdsjlegtnkdycupja	730	16	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	730	17	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	730	18	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	730	19	room	room	NN
work_3ehybzpqvbdsjlegtnkdycupja	730	20	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	730	21	endowment	endowment	NN
work_3ehybzpqvbdsjlegtnkdycupja	730	22	effects	effect	NNS
work_3ehybzpqvbdsjlegtnkdycupja	730	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	730	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	730	25	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	730	26	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	730	27	meltdown	meltdown	NN
work_3ehybzpqvbdsjlegtnkdycupja	730	28	could	could	MD
work_3ehybzpqvbdsjlegtnkdycupja	730	29	have	have	VB
work_3ehybzpqvbdsjlegtnkdycupja	730	30	occurred	occur	VBN
work_3ehybzpqvbdsjlegtnkdycupja	730	31	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	730	32	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	730	33	conditions	condition	NNS
work_3ehybzpqvbdsjlegtnkdycupja	730	34	were	be	VBD
work_3ehybzpqvbdsjlegtnkdycupja	730	35	like	like	IN
work_3ehybzpqvbdsjlegtnkdycupja	730	36	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	730	37	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	730	38	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	730	39	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	730	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	731	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	731	2	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	731	3	crisis	crisis	NN
work_3ehybzpqvbdsjlegtnkdycupja	731	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	731	5	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	731	6	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	731	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	732	1	Several	several	JJ
work_3ehybzpqvbdsjlegtnkdycupja	732	2	authors	author	NNS
work_3ehybzpqvbdsjlegtnkdycupja	732	3	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	732	4	argued	argue	VBN
work_3ehybzpqvbdsjlegtnkdycupja	732	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	732	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	732	7	during	during	IN
work_3ehybzpqvbdsjlegtnkdycupja	732	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	732	9	2007–2008	2007–2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	732	10	crisis	crisis	NN
work_3ehybzpqvbdsjlegtnkdycupja	732	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	732	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	732	13	selling	selling	NN
work_3ehybzpqvbdsjlegtnkdycupja	732	14	pressure	pressure	NN
work_3ehybzpqvbdsjlegtnkdycupja	732	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	732	16	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	732	17	drove	drive	VBD
work_3ehybzpqvbdsjlegtnkdycupja	732	18	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	732	19	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	732	20	downward	downward	RB
work_3ehybzpqvbdsjlegtnkdycupja	732	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	732	22	below	below	IN
work_3ehybzpqvbdsjlegtnkdycupja	732	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	732	24	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	732	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	732	26	though	though	IN
work_3ehybzpqvbdsjlegtnkdycupja	732	27	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	732	28	was	be	VBD
work_3ehybzpqvbdsjlegtnkdycupja	732	29	followed	follow	VBN
work_3ehybzpqvbdsjlegtnkdycupja	732	30	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	732	31	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	732	32	rebound	rebound	NN
work_3ehybzpqvbdsjlegtnkdycupja	732	33	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	732	34	Cella	Cella	NNP
work_3ehybzpqvbdsjlegtnkdycupja	732	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	732	36	Ellul	Ellul	NNP
work_3ehybzpqvbdsjlegtnkdycupja	732	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	732	38	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	732	39	Giannetti	Giannetti	NNP
work_3ehybzpqvbdsjlegtnkdycupja	732	40	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	732	41	2013	2013	CD
work_3ehybzpqvbdsjlegtnkdycupja	732	42	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	732	43	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	732	44	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	733	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	733	2	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	733	3	reason	reason	NN
work_3ehybzpqvbdsjlegtnkdycupja	733	4	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	733	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	733	6	occurence	occurence	NN
work_3ehybzpqvbdsjlegtnkdycupja	733	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	733	8	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	733	9	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	733	10	corrections	correction	NNS
work_3ehybzpqvbdsjlegtnkdycupja	733	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	733	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	733	13	lack	lack	NN
work_3ehybzpqvbdsjlegtnkdycupja	733	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	733	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	733	16	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	733	17	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	733	18	slow	slow	JJ
work_3ehybzpqvbdsjlegtnkdycupja	733	19	moving	moving	NN
work_3ehybzpqvbdsjlegtnkdycupja	733	20	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	733	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	733	22	arbitrage	arbitrage	NN
work_3ehybzpqvbdsjlegtnkdycupja	733	23	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	733	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	733	25	Duffie	Duffie	NNP
work_3ehybzpqvbdsjlegtnkdycupja	733	26	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	733	27	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	733	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	733	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	733	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	733	31	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	733	32	exhausted	exhaust	VBD
work_3ehybzpqvbdsjlegtnkdycupja	733	33	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	733	34	risk-	risk-	NN
work_3ehybzpqvbdsjlegtnkdycupja	733	35	bearing	bearing	NN
work_3ehybzpqvbdsjlegtnkdycupja	733	36	capacity	capacity	NN
work_3ehybzpqvbdsjlegtnkdycupja	733	37	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	733	38	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	733	39	suppliers	supplier	NNS
work_3ehybzpqvbdsjlegtnkdycupja	733	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	734	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	734	2	theory	theory	NN
work_3ehybzpqvbdsjlegtnkdycupja	734	3	provides	provide	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	734	4	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	734	5	alternative	alternative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	734	6	explanation	explanation	NN
work_3ehybzpqvbdsjlegtnkdycupja	734	7	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	734	8	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	734	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	734	10	absence	absence	NN
work_3ehybzpqvbdsjlegtnkdycupja	734	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	734	12	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	734	13	conditions	condition	NNS
work_3ehybzpqvbdsjlegtnkdycupja	734	14	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	734	15	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	734	16	have	have	VB
work_3ehybzpqvbdsjlegtnkdycupja	734	17	allowed	allow	VBN
work_3ehybzpqvbdsjlegtnkdycupja	734	18	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	734	19	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	734	20	milder	milder	NN
work_3ehybzpqvbdsjlegtnkdycupja	734	21	correction	correction	NN
work_3ehybzpqvbdsjlegtnkdycupja	734	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	735	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	735	2	particular	particular	JJ
work_3ehybzpqvbdsjlegtnkdycupja	735	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	735	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	735	5	dearth	dearth	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	735	7	reliable	reliable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	735	8	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	735	9	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	735	11	proxied	proxie	VBN
work_3ehybzpqvbdsjlegtnkdycupja	735	12	here	here	RB
work_3ehybzpqvbdsjlegtnkdycupja	735	13	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	735	14	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	735	15	steep	steep	JJ
work_3ehybzpqvbdsjlegtnkdycupja	735	16	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	735	18	τη	τη	NNP
work_3ehybzpqvbdsjlegtnkdycupja	735	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	735	20	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	735	21	have	have	VB
work_3ehybzpqvbdsjlegtnkdycupja	735	22	reduced	reduce	VBN
work_3ehybzpqvbdsjlegtnkdycupja	735	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	735	24	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	25	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	735	26	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	27	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	735	28	bearing	bearing	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	29	capacity	capacity	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	735	31	relegating	relegate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	735	32	most	most	JJS
work_3ehybzpqvbdsjlegtnkdycupja	735	33	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	735	34	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	735	35	economy	economy	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	36	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	735	37	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	735	38	LIE.47	LIE.47	NNP
work_3ehybzpqvbdsjlegtnkdycupja	735	39	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	735	40	argued	argue	VBD
work_3ehybzpqvbdsjlegtnkdycupja	735	41	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	735	42	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	735	43	Online	Online	NNP
work_3ehybzpqvbdsjlegtnkdycupja	735	44	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	735	45	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	735	46	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	735	47	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	735	48	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	49	coordinates	coordinate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	735	50	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	735	51	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	735	52	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	735	53	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	735	54	poor	poor	JJ
work_3ehybzpqvbdsjlegtnkdycupja	735	55	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	735	56	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	57	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	735	58	rendered	render	VBN
work_3ehybzpqvbdsjlegtnkdycupja	735	59	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	735	60	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	735	61	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	735	62	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	735	63	additional	additional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	735	64	mild	mild	JJ
work_3ehybzpqvbdsjlegtnkdycupja	735	65	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	66	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	735	67	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	735	68	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	69	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	735	70	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	735	71	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	735	72	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	735	73	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	735	74	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	735	75	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	736	1	Indirect	indirect	JJ
work_3ehybzpqvbdsjlegtnkdycupja	736	2	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	736	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	736	4	such	such	PDT
work_3ehybzpqvbdsjlegtnkdycupja	736	5	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	736	6	transition	transition	NN
work_3ehybzpqvbdsjlegtnkdycupja	736	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	736	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	736	9	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	736	10	contrarian	contrarian	JJ
work_3ehybzpqvbdsjlegtnkdycupja	736	11	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	736	12	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	736	13	providing	provide	VBG
work_3ehybzpqvbdsjlegtnkdycupja	736	14	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	736	15	were	be	VBD
work_3ehybzpqvbdsjlegtnkdycupja	736	16	extremely	extremely	RB
work_3ehybzpqvbdsjlegtnkdycupja	736	17	profitable	profitable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	736	18	during	during	IN
work_3ehybzpqvbdsjlegtnkdycupja	736	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	736	20	47For	47for	CD
work_3ehybzpqvbdsjlegtnkdycupja	736	21	instance	instance	NN
work_3ehybzpqvbdsjlegtnkdycupja	736	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	736	23	Gorton	Gorton	NNP
work_3ehybzpqvbdsjlegtnkdycupja	736	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	736	25	Metrick	Metrick	NNP
work_3ehybzpqvbdsjlegtnkdycupja	736	26	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	736	27	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	736	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	736	29	report	report	VBP
work_3ehybzpqvbdsjlegtnkdycupja	736	30	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	736	31	repo	repo	NNP
work_3ehybzpqvbdsjlegtnkdycupja	736	32	depositors	depositor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	736	33	during	during	IN
work_3ehybzpqvbdsjlegtnkdycupja	736	34	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	736	35	crisis	crisis	NN
work_3ehybzpqvbdsjlegtnkdycupja	736	36	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	736	37	did	do	VBD
work_3ehybzpqvbdsjlegtnkdycupja	736	38	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	736	39	know	know	VB
work_3ehybzpqvbdsjlegtnkdycupja	736	40	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	736	41	securitized	securitize	VBD
work_3ehybzpqvbdsjlegtnkdycupja	736	42	banks	bank	NNS
work_3ehybzpqvbdsjlegtnkdycupja	736	43	were	be	VBD
work_3ehybzpqvbdsjlegtnkdycupja	736	44	most	most	RBS
work_3ehybzpqvbdsjlegtnkdycupja	736	45	likely	likely	JJ
work_3ehybzpqvbdsjlegtnkdycupja	736	46	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	736	47	fail	fail	VB
work_3ehybzpqvbdsjlegtnkdycupja	736	48	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	736	49	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	736	50	46	46	CD
work_3ehybzpqvbdsjlegtnkdycupja	736	51	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	736	52	crisis	crisis	NN
work_3ehybzpqvbdsjlegtnkdycupja	736	53	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	736	54	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	736	55	documented	document	VBN
work_3ehybzpqvbdsjlegtnkdycupja	736	56	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	736	57	Nagel	Nagel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	736	58	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	736	59	2012))—in	2012))—in	CD
work_3ehybzpqvbdsjlegtnkdycupja	736	60	line	line	NN
work_3ehybzpqvbdsjlegtnkdycupja	736	61	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	736	62	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	736	63	prediction	prediction	NN
work_3ehybzpqvbdsjlegtnkdycupja	736	64	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	736	65	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	736	66	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	736	67	derived	derive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	736	68	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	736	69	Section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	736	70	IV.D.	iv.d.	ADD
work_3ehybzpqvbdsjlegtnkdycupja	737	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	737	2	regard	regard	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	3	thereto	thereto	VBP
work_3ehybzpqvbdsjlegtnkdycupja	737	4	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	737	5	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	6	makes	make	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	737	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	737	8	additional	additional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	737	9	prediction	prediction	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	10	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	737	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	737	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	737	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	737	14	cross	cross	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	15	section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	737	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	737	18	assets	asset	NNS
work_3ehybzpqvbdsjlegtnkdycupja	737	19	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	737	20	underwent	undergo	VBD
work_3ehybzpqvbdsjlegtnkdycupja	737	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	737	22	most	most	RBS
work_3ehybzpqvbdsjlegtnkdycupja	737	23	extreme	extreme	JJ
work_3ehybzpqvbdsjlegtnkdycupja	737	24	corrections	correction	NNS
work_3ehybzpqvbdsjlegtnkdycupja	737	25	were	be	VBD
work_3ehybzpqvbdsjlegtnkdycupja	737	26	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	737	27	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	737	28	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	737	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	737	30	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	737	31	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	32	was	be	VBD
work_3ehybzpqvbdsjlegtnkdycupja	737	33	poorest.48	poorest.48	NNP
work_3ehybzpqvbdsjlegtnkdycupja	737	34	V	V	NNP
work_3ehybzpqvbdsjlegtnkdycupja	737	35	Conclusions	Conclusions	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	737	36	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	737	37	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	737	38	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	39	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	737	40	argue	argue	VBP
work_3ehybzpqvbdsjlegtnkdycupja	737	41	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	737	42	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	737	43	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	44	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	737	45	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	46	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	737	47	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	737	48	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	737	49	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	737	50	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	737	51	significant	significant	JJ
work_3ehybzpqvbdsjlegtnkdycupja	737	52	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	53	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	737	54	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	737	55	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	56	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	737	57	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	58	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	737	59	averse	averse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	737	60	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	737	61	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	737	62	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	737	63	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	737	64	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	737	65	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	737	66	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	737	67	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	737	68	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	737	69	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	738	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	738	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	738	3	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	738	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	738	5	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	738	6	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	738	7	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	738	8	correlated	correlate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	738	9	across	across	IN
work_3ehybzpqvbdsjlegtnkdycupja	738	10	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	738	11	dates	date	NNS
work_3ehybzpqvbdsjlegtnkdycupja	738	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	738	13	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	738	14	reassess	reassess	VBP
work_3ehybzpqvbdsjlegtnkdycupja	738	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	738	16	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	738	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	738	18	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	738	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	738	20	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	738	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	738	22	obtained	obtain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	738	23	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	738	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	738	25	early	early	JJ
work_3ehybzpqvbdsjlegtnkdycupja	738	26	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	738	27	stage	stage	NN
work_3ehybzpqvbdsjlegtnkdycupja	738	28	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	738	29	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	738	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	738	31	new	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	738	32	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	738	33	gathered	gather	VBD
work_3ehybzpqvbdsjlegtnkdycupja	738	34	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	738	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	738	36	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	738	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	739	1	Such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	739	2	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	739	3	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	739	4	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	739	5	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	739	6	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	739	7	generate	generate	VB
work_3ehybzpqvbdsjlegtnkdycupja	739	8	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	739	9	complementarities	complementarity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	739	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	739	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	739	12	use	use	NN
work_3ehybzpqvbdsjlegtnkdycupja	739	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	739	14	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	739	15	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	739	16	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	739	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	739	18	turn	turn	NN
work_3ehybzpqvbdsjlegtnkdycupja	739	19	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	739	20	yield	yield	VB
work_3ehybzpqvbdsjlegtnkdycupja	739	21	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	739	22	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	739	23	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	739	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	739	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	739	26	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	739	27	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	739	28	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	739	29	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	739	30	ranked	rank	VBN
work_3ehybzpqvbdsjlegtnkdycupja	739	31	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	739	32	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	739	33	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	739	34	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	739	35	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	739	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	739	37	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	739	38	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	739	39	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	739	40	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	739	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	740	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	740	2	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	740	3	reveals	reveal	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	740	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	740	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	740	6	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	740	7	uninformed	uninformed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	740	8	orders	order	NNS
work_3ehybzpqvbdsjlegtnkdycupja	740	9	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	740	10	predictable	predictable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	740	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	740	12	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	740	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	740	14	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	740	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	740	16	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	740	17	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	740	18	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	740	19	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	740	20	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	740	21	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	740	22	observables	observable	NNS
work_3ehybzpqvbdsjlegtnkdycupja	740	23	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	740	24	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	740	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	740	26	quality	quality	NN
work_3ehybzpqvbdsjlegtnkdycupja	740	27	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	740	28	public	public	NN
work_3ehybzpqvbdsjlegtnkdycupja	740	29	infor-	infor-	XX
work_3ehybzpqvbdsjlegtnkdycupja	740	30	mation	mation	NN
work_3ehybzpqvbdsjlegtnkdycupja	740	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	741	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	741	2	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	741	3	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	741	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	741	5	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	741	6	much	much	RB
work_3ehybzpqvbdsjlegtnkdycupja	741	7	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	741	8	precise	precise	JJ
work_3ehybzpqvbdsjlegtnkdycupja	741	9	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	741	10	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	741	11	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	741	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	741	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	741	14	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	741	15	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	741	16	channel	channel	NN
work_3ehybzpqvbdsjlegtnkdycupja	741	17	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	741	18	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	741	19	too	too	RB
work_3ehybzpqvbdsjlegtnkdycupja	741	20	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	741	21	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	741	22	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	741	23	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	741	24	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	741	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	741	26	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	741	27	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	741	28	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	741	29	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	741	30	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	741	31	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	741	32	characterized	characterize	VBN
work_3ehybzpqvbdsjlegtnkdycupja	741	33	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	741	34	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	741	35	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	741	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	741	37	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	741	38	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	741	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	741	40	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	741	41	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	741	42	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	741	43	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	741	44	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	741	45	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	741	46	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	741	47	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	741	48	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	741	49	levels	level	NNS
work_3ehybzpqvbdsjlegtnkdycupja	741	50	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	741	51	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	741	52	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	742	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	742	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	742	3	exists	exist	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	742	4	alongside	alongside	IN
work_3ehybzpqvbdsjlegtnkdycupja	742	5	another	another	DT
work_3ehybzpqvbdsjlegtnkdycupja	742	6	equi-	equi-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	742	7	librium	librium	NN
work_3ehybzpqvbdsjlegtnkdycupja	742	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	742	9	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	742	10	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	742	11	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	742	12	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	742	13	volatile	volatile	JJ
work_3ehybzpqvbdsjlegtnkdycupja	742	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	742	15	less	less	RBR
work_3ehybzpqvbdsjlegtnkdycupja	742	16	informationally	informationally	RB
work_3ehybzpqvbdsjlegtnkdycupja	742	17	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	742	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	742	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	742	20	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	742	21	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	742	22	thinner	thin	JJR
work_3ehybzpqvbdsjlegtnkdycupja	742	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	742	24	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	742	25	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	742	26	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	742	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	742	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	742	29	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	742	30	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	742	31	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	742	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	743	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	743	2	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	743	3	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	743	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	743	5	either	either	CC
work_3ehybzpqvbdsjlegtnkdycupja	743	6	very	very	RB
work_3ehybzpqvbdsjlegtnkdycupja	743	7	precise	precise	JJ
work_3ehybzpqvbdsjlegtnkdycupja	743	8	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	743	9	very	very	RB
work_3ehybzpqvbdsjlegtnkdycupja	743	10	poor	poor	JJ
work_3ehybzpqvbdsjlegtnkdycupja	743	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	743	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	743	13	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	743	14	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	743	15	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	743	16	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	743	17	disappears	disappear	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	743	18	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	743	19	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	743	20	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	743	21	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	743	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	743	23	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	743	24	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	743	25	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	743	26	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	743	27	survives	survive	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	743	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	744	1	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	744	2	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	744	3	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	744	4	indicates	indicate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	744	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	744	6	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	744	7	could	could	MD
work_3ehybzpqvbdsjlegtnkdycupja	744	8	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	744	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	744	10	nonlinear	nonlinear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	744	11	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	744	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	744	13	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	744	14	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	744	15	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	744	16	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	744	17	observables	observable	NNS
work_3ehybzpqvbdsjlegtnkdycupja	744	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	745	1	Furthermore	furthermore	RB
work_3ehybzpqvbdsjlegtnkdycupja	745	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	745	3	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	745	4	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	745	5	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	745	6	guide	guide	VB
work_3ehybzpqvbdsjlegtnkdycupja	745	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	745	8	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	745	9	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	745	10	investigating	investigate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	745	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	745	12	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	745	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	745	14	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	745	15	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	745	16	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	745	17	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	745	18	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	745	19	patterns	pattern	NNS
work_3ehybzpqvbdsjlegtnkdycupja	745	20	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	745	21	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	745	22	means	means	NN
work_3ehybzpqvbdsjlegtnkdycupja	745	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	745	24	identifying	identify	VBG
work_3ehybzpqvbdsjlegtnkdycupja	745	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	745	26	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	745	27	characteristics	characteristic	NNS
work_3ehybzpqvbdsjlegtnkdycupja	745	28	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	745	29	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	745	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	745	31	high-	high-	NN
work_3ehybzpqvbdsjlegtnkdycupja	745	32	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	745	33	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	745	34	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	745	35	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	745	36	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	745	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	746	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	746	2	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	746	3	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	746	4	clarifies	clarify	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	746	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	746	6	role	role	NN
work_3ehybzpqvbdsjlegtnkdycupja	746	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	746	8	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	746	9	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	746	10	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	746	11	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	746	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	746	13	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	746	14	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	746	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	747	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	747	2	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	747	3	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	747	4	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	747	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	747	6	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	747	7	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	747	8	driven	drive	VBN
work_3ehybzpqvbdsjlegtnkdycupja	747	9	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	747	10	average	average	JJ
work_3ehybzpqvbdsjlegtnkdycupja	747	11	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	747	12	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	747	13	fundamen-	fundamen-	NN
work_3ehybzpqvbdsjlegtnkdycupja	747	14	tals	tal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	747	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	747	16	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	747	17	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	747	18	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	747	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	748	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	748	2	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	748	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	748	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	748	5	contrast	contrast	NN
work_3ehybzpqvbdsjlegtnkdycupja	748	6	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	748	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	748	8	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	748	9	Contest	Contest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	748	10	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	748	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	748	12	Allen	Allen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	748	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	748	14	Morris	Morris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	748	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	748	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	748	17	Shin	Shin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	748	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	748	19	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	748	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	748	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	748	22	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	748	23	draw	draw	VB
work_3ehybzpqvbdsjlegtnkdycupja	748	24	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	748	25	either	either	CC
work_3ehybzpqvbdsjlegtnkdycupja	748	26	systematically	systematically	RB
work_3ehybzpqvbdsjlegtnkdycupja	748	27	farther	farther	RB
work_3ehybzpqvbdsjlegtnkdycupja	748	28	away	away	RB
work_3ehybzpqvbdsjlegtnkdycupja	748	29	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	748	30	48Nagel	48nagel	CD
work_3ehybzpqvbdsjlegtnkdycupja	748	31	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	748	32	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	748	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	748	34	finds	find	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	748	35	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	748	36	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	748	37	stocks	stock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	748	38	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	748	39	small	small	JJ
work_3ehybzpqvbdsjlegtnkdycupja	748	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	748	41	illiquid	illiquid	JJ
work_3ehybzpqvbdsjlegtnkdycupja	748	42	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	748	43	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	748	44	highly	highly	RB
work_3ehybzpqvbdsjlegtnkdycupja	748	45	volatile	volatile	JJ
work_3ehybzpqvbdsjlegtnkdycupja	748	46	companies	company	NNS
work_3ehybzpqvbdsjlegtnkdycupja	748	47	generated	generate	VBD
work_3ehybzpqvbdsjlegtnkdycupja	748	48	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	748	49	largest	large	JJS
work_3ehybzpqvbdsjlegtnkdycupja	748	50	contrarian	contrarian	JJ
work_3ehybzpqvbdsjlegtnkdycupja	748	51	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	748	52	during	during	IN
work_3ehybzpqvbdsjlegtnkdycupja	748	53	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	748	54	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	748	55	crisis	crisis	NN
work_3ehybzpqvbdsjlegtnkdycupja	748	56	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	749	1	47	47	CD
work_3ehybzpqvbdsjlegtnkdycupja	749	2	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	749	3	closer	close	JJR
work_3ehybzpqvbdsjlegtnkdycupja	749	4	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	749	5	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	749	6	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	749	7	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	749	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	749	9	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	749	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	749	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	749	12	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	749	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	749	14	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	749	15	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	749	16	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	749	17	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	749	18	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	749	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	749	20	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	749	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	749	22	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	749	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	750	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	750	2	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	750	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	750	4	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	750	5	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	750	6	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	750	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	750	8	either	either	CC
work_3ehybzpqvbdsjlegtnkdycupja	750	9	very	very	RB
work_3ehybzpqvbdsjlegtnkdycupja	750	10	precise	precise	JJ
work_3ehybzpqvbdsjlegtnkdycupja	750	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	750	12	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	750	13	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	750	14	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	750	15	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	750	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	750	17	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	750	18	very	very	RB
work_3ehybzpqvbdsjlegtnkdycupja	750	19	poor	poor	JJ
work_3ehybzpqvbdsjlegtnkdycupja	750	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	750	21	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	750	22	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	750	23	farther	farther	RB
work_3ehybzpqvbdsjlegtnkdycupja	750	24	away	away	RB
work_3ehybzpqvbdsjlegtnkdycupja	750	25	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	750	26	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	750	27	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	750	28	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	750	29	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	750	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	751	1	However	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	751	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	751	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	751	4	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	751	5	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	751	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	751	7	intermediate	intermediate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	751	8	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	751	9	makes	make	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	751	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	751	11	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	751	12	stable	stable	NN
work_3ehybzpqvbdsjlegtnkdycupja	751	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	751	14	thereby	thereby	RB
work_3ehybzpqvbdsjlegtnkdycupja	751	15	drawing	draw	VBG
work_3ehybzpqvbdsjlegtnkdycupja	751	16	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	751	17	closer	close	RBR
work_3ehybzpqvbdsjlegtnkdycupja	751	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	751	19	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	751	20	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	751	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	751	22	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	751	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	751	24	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	751	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	752	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	752	2	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	752	3	link	link	VBP
work_3ehybzpqvbdsjlegtnkdycupja	752	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	752	5	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	752	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	752	7	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	752	8	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	752	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	752	10	magnitude	magnitude	NN
work_3ehybzpqvbdsjlegtnkdycupja	752	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	752	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	752	13	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	752	14	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	752	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	752	16	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	752	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	752	18	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	752	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	752	20	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	752	21	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	752	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	752	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	752	24	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	752	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	752	26	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	752	27	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	752	28	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	752	29	supply	supply	NN
work_3ehybzpqvbdsjlegtnkdycupja	752	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	753	1	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	753	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	753	3	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	753	4	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	753	5	establishes	establish	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	753	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	753	7	limits	limit	NNS
work_3ehybzpqvbdsjlegtnkdycupja	753	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	753	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	753	10	Beauty	Beauty	NNP
work_3ehybzpqvbdsjlegtnkdycupja	753	11	Contest	Contest	NNP
work_3ehybzpqvbdsjlegtnkdycupja	753	12	analogy	analogy	NN
work_3ehybzpqvbdsjlegtnkdycupja	753	13	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	753	14	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	753	15	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	753	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	753	17	provides	provide	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	753	18	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	753	19	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	753	20	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	753	21	assess	assess	VB
work_3ehybzpqvbdsjlegtnkdycupja	753	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	753	23	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	753	24	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	753	25	HOEs	hoe	NNS
work_3ehybzpqvbdsjlegtnkdycupja	753	26	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	753	27	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	753	28	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	753	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	754	1	Table	table	NN
work_3ehybzpqvbdsjlegtnkdycupja	754	2	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	754	3	summarizes	summarize	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	754	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	754	5	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	754	6	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	754	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	754	8	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	754	9	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	754	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	755	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	755	2	provide	provide	VBP
work_3ehybzpqvbdsjlegtnkdycupja	755	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	755	4	observ-	observ-	NN
work_3ehybzpqvbdsjlegtnkdycupja	755	5	ables	able	NNS
work_3ehybzpqvbdsjlegtnkdycupja	755	6	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	755	7	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	755	8	discriminate	discriminate	VB
work_3ehybzpqvbdsjlegtnkdycupja	755	9	among	among	IN
work_3ehybzpqvbdsjlegtnkdycupja	755	10	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	755	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	755	12	under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	755	13	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	755	14	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	755	15	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	755	16	hypothesis	hypothesis	NN
work_3ehybzpqvbdsjlegtnkdycupja	755	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	755	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	755	19	among	among	IN
work_3ehybzpqvbdsjlegtnkdycupja	755	20	behavioral	behavioral	JJ
work_3ehybzpqvbdsjlegtnkdycupja	755	21	theories	theory	NNS
work_3ehybzpqvbdsjlegtnkdycupja	755	22	as	as	RB
work_3ehybzpqvbdsjlegtnkdycupja	755	23	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	755	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	756	1	High	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	756	2	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	756	3	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	756	4	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	756	5	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	756	6	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	756	7	conditonal	conditonal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	756	8	volatil-	volatil-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	756	9	ity	ity	NN
work_3ehybzpqvbdsjlegtnkdycupja	756	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	756	11	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	756	12	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	756	13	discriminates	discriminate	NNS
work_3ehybzpqvbdsjlegtnkdycupja	756	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	756	15	favor	favor	NN
work_3ehybzpqvbdsjlegtnkdycupja	756	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	756	17	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	756	18	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	756	19	against	against	IN
work_3ehybzpqvbdsjlegtnkdycupja	756	20	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	756	21	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	756	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	756	23	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	756	24	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	756	25	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	756	26	alternative	alternative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	756	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	756	28	DO	DO	NNP
work_3ehybzpqvbdsjlegtnkdycupja	756	29	theories	theory	NNS
work_3ehybzpqvbdsjlegtnkdycupja	756	30	wherein	wherein	WRB
work_3ehybzpqvbdsjlegtnkdycupja	756	31	disagreement	disagreement	NN
work_3ehybzpqvbdsjlegtnkdycupja	756	32	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	756	33	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	756	34	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	756	35	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	756	36	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	756	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	757	1	Furthermore	furthermore	RB
work_3ehybzpqvbdsjlegtnkdycupja	757	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	757	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	757	4	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	757	5	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	757	6	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	757	7	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	757	8	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	757	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	757	10	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	757	11	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	757	12	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	757	13	preclude	preclude	VB
work_3ehybzpqvbdsjlegtnkdycupja	757	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	757	15	validity	validity	NN
work_3ehybzpqvbdsjlegtnkdycupja	757	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	757	17	rational	rational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	757	18	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	757	19	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	757	20	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	757	21	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	757	22	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	757	23	consistent	consistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	757	24	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	757	25	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	757	26	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	757	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	758	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	758	2	find	find	VBP
work_3ehybzpqvbdsjlegtnkdycupja	758	3	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	758	4	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	758	5	fragility	fragility	NN
work_3ehybzpqvbdsjlegtnkdycupja	758	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	758	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	758	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	758	9	sense	sense	NN
work_3ehybzpqvbdsjlegtnkdycupja	758	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	758	11	Greenwood	Greenwood	NNP
work_3ehybzpqvbdsjlegtnkdycupja	758	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	758	13	Thesmar	Thesmar	NNP
work_3ehybzpqvbdsjlegtnkdycupja	758	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	758	15	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	758	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	758	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	758	18	should	should	MD
work_3ehybzpqvbdsjlegtnkdycupja	758	19	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	758	20	associated	associate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	758	21	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	758	22	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	758	23	transacted	transact	VBN
work_3ehybzpqvbdsjlegtnkdycupja	758	24	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	758	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	758	26	divergence	divergence	NN
work_3ehybzpqvbdsjlegtnkdycupja	758	27	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	758	28	opinions	opinion	NNS
work_3ehybzpqvbdsjlegtnkdycupja	758	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	759	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	759	2	addition	addition	NN
work_3ehybzpqvbdsjlegtnkdycupja	759	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	759	4	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	759	5	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	759	6	provides	provide	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	759	7	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	759	8	alternative	alternative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	759	9	interpretation	interpretation	NN
work_3ehybzpqvbdsjlegtnkdycupja	759	10	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	759	11	empirically	empirically	RB
work_3ehybzpqvbdsjlegtnkdycupja	759	12	documented	document	VBN
work_3ehybzpqvbdsjlegtnkdycupja	759	13	regularities	regularity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	759	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	759	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	759	16	patterns	pattern	NNS
work_3ehybzpqvbdsjlegtnkdycupja	759	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	759	18	return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	759	19	autocorrelation	autocorrelation	NN
work_3ehybzpqvbdsjlegtnkdycupja	759	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	760	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	760	2	literature	literature	NN
work_3ehybzpqvbdsjlegtnkdycupja	760	3	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	760	4	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	760	5	recently	recently	RB
work_3ehybzpqvbdsjlegtnkdycupja	760	6	begun	begin	VBN
work_3ehybzpqvbdsjlegtnkdycupja	760	7	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	760	8	in-	in-	XX
work_3ehybzpqvbdsjlegtnkdycupja	760	9	vestigate	vestigate	VB
work_3ehybzpqvbdsjlegtnkdycupja	760	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	760	11	relationship	relationship	NN
work_3ehybzpqvbdsjlegtnkdycupja	760	12	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	760	13	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	760	14	regularities	regularity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	760	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	760	16	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	760	17	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	760	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	760	19	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	760	20	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	760	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	760	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	760	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	760	24	role	role	NN
work_3ehybzpqvbdsjlegtnkdycupja	760	25	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	760	26	HOEs	hoe	NNS
work_3ehybzpqvbdsjlegtnkdycupja	760	27	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	760	28	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	760	29	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	760	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	760	31	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	760	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	760	33	e.g.	e.g.	RB
work_3ehybzpqvbdsjlegtnkdycupja	760	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	760	35	Verardo	Verardo	NNP
work_3ehybzpqvbdsjlegtnkdycupja	760	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	760	37	2009	2009	CD
work_3ehybzpqvbdsjlegtnkdycupja	760	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	760	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	760	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	761	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	761	2	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	761	3	offers	offer	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	761	4	clear	clear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	761	5	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	761	6	predictions	prediction	NNS
work_3ehybzpqvbdsjlegtnkdycupja	761	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	761	8	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	761	9	regard	regard	NN
work_3ehybzpqvbdsjlegtnkdycupja	761	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	761	11	uncovering	uncover	VBG
work_3ehybzpqvbdsjlegtnkdycupja	761	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	761	13	existence	existence	NN
work_3ehybzpqvbdsjlegtnkdycupja	761	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	761	15	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	761	16	types	type	NNS
work_3ehybzpqvbdsjlegtnkdycupja	761	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	761	18	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	761	19	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	761	20	very	very	RB
work_3ehybzpqvbdsjlegtnkdycupja	761	21	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	761	22	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	761	23	properties	property	NNS
work_3ehybzpqvbdsjlegtnkdycupja	761	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	762	1	These	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	762	2	findings	finding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	762	3	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	762	4	guide	guide	VB
work_3ehybzpqvbdsjlegtnkdycupja	762	5	further	further	JJ
work_3ehybzpqvbdsjlegtnkdycupja	762	6	research	research	NN
work_3ehybzpqvbdsjlegtnkdycupja	762	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	762	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	762	9	empirical	empirical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	762	10	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	762	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	762	12	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	762	13	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	762	14	anomalies	anomaly	NNS
work_3ehybzpqvbdsjlegtnkdycupja	762	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	763	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	763	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	763	3	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	763	4	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	763	5	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	763	6	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	763	7	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	763	9	forces	force	NNS
work_3ehybzpqvbdsjlegtnkdycupja	763	10	behind	behind	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	11	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	12	meltdowns	meltdown	NNS
work_3ehybzpqvbdsjlegtnkdycupja	763	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	763	14	enable	enable	VB
work_3ehybzpqvbdsjlegtnkdycupja	763	15	us	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	763	16	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	763	17	offer	offer	VB
work_3ehybzpqvbdsjlegtnkdycupja	763	18	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	763	19	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	20	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	763	21	alternative	alternative	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	22	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	23	explanations	explanation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	763	24	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	763	25	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	26	limits	limit	NNS
work_3ehybzpqvbdsjlegtnkdycupja	763	27	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	763	28	arbitrage	arbitrage	VB
work_3ehybzpqvbdsjlegtnkdycupja	763	29	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	30	—	—	:
work_3ehybzpqvbdsjlegtnkdycupja	763	31	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	763	32	accounting	accounting	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	33	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	34	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	763	35	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	763	36	crisis	crisis	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	37	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	38	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	763	39	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	40	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	763	41	transition	transition	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	42	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	43	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	763	44	high-	high-	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	45	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	46	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	763	47	low-	low-	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	48	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	49	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	50	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	51	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	52	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	53	sudden	sudden	JJ
work_3ehybzpqvbdsjlegtnkdycupja	763	54	changes	change	NNS
work_3ehybzpqvbdsjlegtnkdycupja	763	55	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	56	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	763	57	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	58	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	59	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	60	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	61	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	763	62	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	63	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	763	64	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	65	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	763	66	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	763	67	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	763	68	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	764	1	References	References	NNP
work_3ehybzpqvbdsjlegtnkdycupja	764	2	Admati	Admati	NNP
work_3ehybzpqvbdsjlegtnkdycupja	764	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	764	4	A.	a.	NN
work_3ehybzpqvbdsjlegtnkdycupja	764	5	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	764	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	764	7	1985	1985	CD
work_3ehybzpqvbdsjlegtnkdycupja	764	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	764	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	765	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	765	2	noisy	noisy	JJ
work_3ehybzpqvbdsjlegtnkdycupja	765	3	rational	rational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	765	4	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	765	5	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	765	6	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	765	7	multi	multi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	765	8	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	765	9	asset	asset	JJ
work_3ehybzpqvbdsjlegtnkdycupja	765	10	secu-	secu-	NN
work_3ehybzpqvbdsjlegtnkdycupja	765	11	rities	ritie	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	765	12	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	765	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	766	1	Econometrica	Econometrica	NNP
work_3ehybzpqvbdsjlegtnkdycupja	766	2	53	53	CD
work_3ehybzpqvbdsjlegtnkdycupja	766	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	766	4	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	766	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	766	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	766	7	629–657	629–657	CD
work_3ehybzpqvbdsjlegtnkdycupja	766	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	767	1	48	48	CD
work_3ehybzpqvbdsjlegtnkdycupja	767	2	Admati	Admati	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	767	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	767	4	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	767	5	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	767	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	767	7	P.	P.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	767	8	Pfleiderer	Pfleiderer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	767	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	767	10	1988	1988	CD
work_3ehybzpqvbdsjlegtnkdycupja	767	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	767	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	768	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	768	2	theory	theory	NN
work_3ehybzpqvbdsjlegtnkdycupja	768	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	768	4	intraday	intraday	NN
work_3ehybzpqvbdsjlegtnkdycupja	768	5	patterns	pattern	NNS
work_3ehybzpqvbdsjlegtnkdycupja	768	6	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	768	7	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	768	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	768	9	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	768	10	variability	variability	NN
work_3ehybzpqvbdsjlegtnkdycupja	768	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	769	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	769	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	769	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	769	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	769	5	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	769	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	769	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	769	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	769	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	769	10	3–40	3–40	CD
work_3ehybzpqvbdsjlegtnkdycupja	769	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	770	1	Albagli	Albagli	NNP
work_3ehybzpqvbdsjlegtnkdycupja	770	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	770	3	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	770	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	770	5	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	770	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	770	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	771	1	Amplification	amplification	NN
work_3ehybzpqvbdsjlegtnkdycupja	771	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	771	3	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	771	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	771	5	illiquid	illiquid	JJ
work_3ehybzpqvbdsjlegtnkdycupja	771	6	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	771	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	772	1	Working	Working	NNP
work_3ehybzpqvbdsjlegtnkdycupja	772	2	Paper	Paper	NNP
work_3ehybzpqvbdsjlegtnkdycupja	772	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	773	1	Allen	Allen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	773	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	773	3	F.	F.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	773	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	773	5	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	773	6	Morris	Morris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	773	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	773	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	773	9	H.	H.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	773	10	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	773	11	Shin	Shin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	773	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	773	13	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	773	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	773	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	774	1	Beauty	beauty	NN
work_3ehybzpqvbdsjlegtnkdycupja	774	2	contests	contest	NNS
work_3ehybzpqvbdsjlegtnkdycupja	774	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	774	4	iterated	iterated	JJ
work_3ehybzpqvbdsjlegtnkdycupja	774	5	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	774	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	774	7	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	774	8	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	774	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	775	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	775	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	775	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	775	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	775	5	19	19	CD
work_3ehybzpqvbdsjlegtnkdycupja	775	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	775	7	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	775	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	775	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	775	10	719–752	719–752	CD
work_3ehybzpqvbdsjlegtnkdycupja	775	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	776	1	Avdis	Avdis	NNP
work_3ehybzpqvbdsjlegtnkdycupja	776	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	776	3	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	776	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	776	5	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	776	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	776	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	777	1	Information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	777	2	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	777	3	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	777	4	offs	off	NNS
work_3ehybzpqvbdsjlegtnkdycupja	777	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	777	6	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	777	7	financial	financial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	777	8	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	777	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	778	1	Working	Working	NNP
work_3ehybzpqvbdsjlegtnkdycupja	778	2	Paper	Paper	NNP
work_3ehybzpqvbdsjlegtnkdycupja	778	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	779	1	Bacchetta	Bacchetta	NNP
work_3ehybzpqvbdsjlegtnkdycupja	779	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	779	3	P.	P.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	779	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	779	5	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	779	6	van	van	NNP
work_3ehybzpqvbdsjlegtnkdycupja	779	7	Wincoop	Wincoop	NNP
work_3ehybzpqvbdsjlegtnkdycupja	779	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	779	9	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	779	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	779	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	780	1	Can	Can	MD
work_3ehybzpqvbdsjlegtnkdycupja	780	2	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	780	3	heterogeneity	heterogeneity	NN
work_3ehybzpqvbdsjlegtnkdycupja	780	4	explain	explain	VB
work_3ehybzpqvbdsjlegtnkdycupja	780	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	780	6	exchange	exchange	NN
work_3ehybzpqvbdsjlegtnkdycupja	780	7	rate	rate	NN
work_3ehybzpqvbdsjlegtnkdycupja	780	8	determination	determination	NN
work_3ehybzpqvbdsjlegtnkdycupja	780	9	puzzle	puzzle	NN
work_3ehybzpqvbdsjlegtnkdycupja	780	10	?	?	.
work_3ehybzpqvbdsjlegtnkdycupja	781	1	American	American	NNP
work_3ehybzpqvbdsjlegtnkdycupja	781	2	Economic	Economic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	781	3	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	781	4	96	96	CD
work_3ehybzpqvbdsjlegtnkdycupja	781	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	781	6	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	781	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	781	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	781	9	552–576	552–576	CD
work_3ehybzpqvbdsjlegtnkdycupja	781	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	782	1	Bacchetta	Bacchetta	NNP
work_3ehybzpqvbdsjlegtnkdycupja	782	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	782	3	P.	P.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	782	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	782	5	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	782	6	van	van	NNP
work_3ehybzpqvbdsjlegtnkdycupja	782	7	Wincoop	Wincoop	NNP
work_3ehybzpqvbdsjlegtnkdycupja	782	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	782	9	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	782	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	782	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	783	1	Higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	783	2	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	783	3	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	783	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	783	5	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	783	6	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	783	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	784	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	784	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	784	3	Money	Money	NNP
work_3ehybzpqvbdsjlegtnkdycupja	784	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	784	5	Credit	Credit	NNP
work_3ehybzpqvbdsjlegtnkdycupja	784	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	784	7	Banking	Banking	NNP
work_3ehybzpqvbdsjlegtnkdycupja	784	8	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	784	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	784	10	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	784	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	784	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	784	13	837–866	837–866	CD
work_3ehybzpqvbdsjlegtnkdycupja	784	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	785	1	Banerjee	Banerjee	NNP
work_3ehybzpqvbdsjlegtnkdycupja	785	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	785	3	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	785	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	785	5	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	785	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	785	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	786	1	Learning	learn	VBG
work_3ehybzpqvbdsjlegtnkdycupja	786	2	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	786	3	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	786	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	786	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	786	6	dispersion	dispersion	NN
work_3ehybzpqvbdsjlegtnkdycupja	786	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	786	8	beliefs	belief	NNS
work_3ehybzpqvbdsjlegtnkdycupja	786	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	787	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	787	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	787	3	Fi-	Fi-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	787	4	nancial	nancial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	787	5	Studies	study	NNS
work_3ehybzpqvbdsjlegtnkdycupja	787	6	24	24	CD
work_3ehybzpqvbdsjlegtnkdycupja	787	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	787	8	9	9	CD
work_3ehybzpqvbdsjlegtnkdycupja	787	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	787	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	787	11	3025–3068	3025–3068	CD
work_3ehybzpqvbdsjlegtnkdycupja	787	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	788	1	Banerjee	Banerjee	NNP
work_3ehybzpqvbdsjlegtnkdycupja	788	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	788	3	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	788	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	788	5	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	788	6	Kaniel	Kaniel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	788	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	788	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	788	9	I.	I.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	788	10	Kremer	Kremer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	788	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	788	12	2009	2009	CD
work_3ehybzpqvbdsjlegtnkdycupja	788	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	788	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	789	1	Price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	789	2	drift	drift	NN
work_3ehybzpqvbdsjlegtnkdycupja	789	3	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	789	4	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	789	5	outcome	outcome	NN
work_3ehybzpqvbdsjlegtnkdycupja	789	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	789	7	differences	difference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	789	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	789	9	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	789	10	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	789	11	beliefs	belief	NNS
work_3ehybzpqvbdsjlegtnkdycupja	789	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	790	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	790	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	790	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	790	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	790	5	22	22	CD
work_3ehybzpqvbdsjlegtnkdycupja	790	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	790	7	9	9	CD
work_3ehybzpqvbdsjlegtnkdycupja	790	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	790	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	790	10	3707–3734	3707–3734	CD
work_3ehybzpqvbdsjlegtnkdycupja	790	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	791	1	Barlevy	Barlevy	NNP
work_3ehybzpqvbdsjlegtnkdycupja	791	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	791	3	G.	G.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	791	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	791	5	P.	P.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	791	6	Veronesi	Veronesi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	791	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	791	8	2003	2003	CD
work_3ehybzpqvbdsjlegtnkdycupja	791	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	791	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	792	1	Rational	rational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	792	2	panics	panic	NNS
work_3ehybzpqvbdsjlegtnkdycupja	792	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	792	4	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	792	5	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	792	6	crashes	crash	NNS
work_3ehybzpqvbdsjlegtnkdycupja	792	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	793	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	793	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	793	3	Economic	Economic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	793	4	Theory	Theory	NNP
work_3ehybzpqvbdsjlegtnkdycupja	793	5	110	110	CD
work_3ehybzpqvbdsjlegtnkdycupja	793	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	793	7	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	793	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	793	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	793	10	234–263	234–263	CD
work_3ehybzpqvbdsjlegtnkdycupja	793	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	794	1	Berry	Berry	NNP
work_3ehybzpqvbdsjlegtnkdycupja	794	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	794	3	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	794	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	794	5	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	794	6	Tamer	Tamer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	794	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	794	8	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	794	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	794	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	795	1	Identification	identification	NN
work_3ehybzpqvbdsjlegtnkdycupja	795	2	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	795	3	Models	Models	NNP
work_3ehybzpqvbdsjlegtnkdycupja	795	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	795	5	Oligopoly	Oligopoly	NNP
work_3ehybzpqvbdsjlegtnkdycupja	795	6	Entry	Entry	NNP
work_3ehybzpqvbdsjlegtnkdycupja	795	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	795	8	Volume	Volume	NNP
work_3ehybzpqvbdsjlegtnkdycupja	795	9	Advances	Advances	NNP
work_3ehybzpqvbdsjlegtnkdycupja	795	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	795	11	Economics	Economics	NNP
work_3ehybzpqvbdsjlegtnkdycupja	795	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	795	13	Econometrics	Econometrics	NNP
work_3ehybzpqvbdsjlegtnkdycupja	795	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	796	1	Cambridge	Cambridge	NNP
work_3ehybzpqvbdsjlegtnkdycupja	796	2	University	University	NNP
work_3ehybzpqvbdsjlegtnkdycupja	796	3	Press	Press	NNP
work_3ehybzpqvbdsjlegtnkdycupja	796	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	797	1	Biais	Biais	NNP
work_3ehybzpqvbdsjlegtnkdycupja	797	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	797	3	B.	B.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	797	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	797	5	P.	P.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	797	6	Bossaerts	Bossaerts	NNP
work_3ehybzpqvbdsjlegtnkdycupja	797	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	797	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	797	9	C.	C.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	797	10	Spatt	Spatt	NNP
work_3ehybzpqvbdsjlegtnkdycupja	797	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	797	12	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	797	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	797	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	798	1	Equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	798	2	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	798	3	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	798	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	798	5	portfolio	portfolio	NN
work_3ehybzpqvbdsjlegtnkdycupja	798	6	choice	choice	NN
work_3ehybzpqvbdsjlegtnkdycupja	798	7	under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	798	8	asymmetric	asymmetric	JJ
work_3ehybzpqvbdsjlegtnkdycupja	798	9	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	798	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	799	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	799	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	799	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	799	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	799	5	23	23	CD
work_3ehybzpqvbdsjlegtnkdycupja	799	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	799	7	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	799	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	799	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	799	10	1503	1503	CD
work_3ehybzpqvbdsjlegtnkdycupja	799	11	–	–	:
work_3ehybzpqvbdsjlegtnkdycupja	799	12	1543	1543	CD
work_3ehybzpqvbdsjlegtnkdycupja	799	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	800	1	Bond	Bond	NNP
work_3ehybzpqvbdsjlegtnkdycupja	800	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	800	3	P.	P.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	800	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	800	5	I.	I.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	800	6	Goldstein	Goldstein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	800	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	800	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	800	9	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	800	10	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	800	11	Prescott	Prescott	NNP
work_3ehybzpqvbdsjlegtnkdycupja	800	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	800	13	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	800	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	800	15	February	February	NNP
work_3ehybzpqvbdsjlegtnkdycupja	800	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	800	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	801	1	Market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	801	2	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	801	3	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	801	4	corrective	corrective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	801	5	actions	action	NNS
work_3ehybzpqvbdsjlegtnkdycupja	801	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	802	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	802	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	802	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	802	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	802	5	23	23	CD
work_3ehybzpqvbdsjlegtnkdycupja	802	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	802	7	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	802	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	802	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	802	10	781–820	781–820	CD
work_3ehybzpqvbdsjlegtnkdycupja	802	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	803	1	Brown	Brown	NNP
work_3ehybzpqvbdsjlegtnkdycupja	803	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	803	3	D.	D.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	803	4	P.	P.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	803	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	803	6	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	803	7	H.	H.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	803	8	Jennings	Jennings	NNP
work_3ehybzpqvbdsjlegtnkdycupja	803	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	803	10	1989	1989	CD
work_3ehybzpqvbdsjlegtnkdycupja	803	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	803	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	804	1	On	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	804	2	technical	technical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	804	3	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	804	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	805	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	805	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	805	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	805	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	805	5	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	805	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	805	7	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	805	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	805	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	805	10	527–551	527–551	CD
work_3ehybzpqvbdsjlegtnkdycupja	805	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	806	1	Campbell	Campbell	NNP
work_3ehybzpqvbdsjlegtnkdycupja	806	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	806	3	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	806	4	Y.	Y.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	806	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	806	6	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	806	7	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	806	8	Kyle	Kyle	NNP
work_3ehybzpqvbdsjlegtnkdycupja	806	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	806	10	1993	1993	CD
work_3ehybzpqvbdsjlegtnkdycupja	806	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	806	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	807	1	Smart	smart	JJ
work_3ehybzpqvbdsjlegtnkdycupja	807	2	money	money	NN
work_3ehybzpqvbdsjlegtnkdycupja	807	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	807	4	noise	noise	NN
work_3ehybzpqvbdsjlegtnkdycupja	807	5	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	807	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	807	7	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	807	8	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	807	9	behaviour	behaviour	NN
work_3ehybzpqvbdsjlegtnkdycupja	807	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	808	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	808	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	808	3	Economic	Economic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	808	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	808	5	60	60	CD
work_3ehybzpqvbdsjlegtnkdycupja	808	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	808	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	808	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	808	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	808	10	1–34	1–34	CD
work_3ehybzpqvbdsjlegtnkdycupja	808	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	809	1	Cella	Cella	NNP
work_3ehybzpqvbdsjlegtnkdycupja	809	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	809	3	C.	C.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	809	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	809	5	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	809	6	Ellul	Ellul	NNP
work_3ehybzpqvbdsjlegtnkdycupja	809	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	809	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	809	9	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	809	10	Giannetti	Giannetti	NNP
work_3ehybzpqvbdsjlegtnkdycupja	809	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	809	12	2013	2013	CD
work_3ehybzpqvbdsjlegtnkdycupja	809	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	809	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	810	1	Investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	810	2	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	810	3	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	810	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	810	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	810	6	amplification	amplification	NN
work_3ehybzpqvbdsjlegtnkdycupja	810	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	810	8	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	810	9	shocks	shock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	810	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	811	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	811	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	811	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	811	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	811	5	26	26	CD
work_3ehybzpqvbdsjlegtnkdycupja	811	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	811	7	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	811	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	811	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	811	10	1607–1648	1607–1648	CD
work_3ehybzpqvbdsjlegtnkdycupja	811	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	812	1	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	812	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	812	3	G.	G.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	812	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	812	5	2002	2002	CD
work_3ehybzpqvbdsjlegtnkdycupja	812	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	812	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	813	1	Short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	813	2	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	813	3	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	813	4	investment	investment	NN
work_3ehybzpqvbdsjlegtnkdycupja	813	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	813	6	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	813	7	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	813	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	814	1	European	European	NNP
work_3ehybzpqvbdsjlegtnkdycupja	814	2	Eco-	Eco-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	814	3	nomic	nomic	NN
work_3ehybzpqvbdsjlegtnkdycupja	814	4	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	814	5	46	46	CD
work_3ehybzpqvbdsjlegtnkdycupja	814	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	814	7	9	9	CD
work_3ehybzpqvbdsjlegtnkdycupja	814	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	814	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	814	10	1645–1670	1645–1670	CD
work_3ehybzpqvbdsjlegtnkdycupja	814	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	815	1	49	49	CD
work_3ehybzpqvbdsjlegtnkdycupja	815	2	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	815	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	815	4	G.	G.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	815	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	815	6	2005	2005	CD
work_3ehybzpqvbdsjlegtnkdycupja	815	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	815	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	816	1	Giffen	Giffen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	816	2	goods	good	NNS
work_3ehybzpqvbdsjlegtnkdycupja	816	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	816	4	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	816	5	making	making	NN
work_3ehybzpqvbdsjlegtnkdycupja	816	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	817	1	Economic	Economic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	817	2	Theory	Theory	NNP
work_3ehybzpqvbdsjlegtnkdycupja	817	3	25	25	CD
work_3ehybzpqvbdsjlegtnkdycupja	817	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	817	5	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	817	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	817	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	817	8	983–997	983–997	CD
work_3ehybzpqvbdsjlegtnkdycupja	817	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	818	1	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	818	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	818	3	G.	G.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	818	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	818	5	X.	X.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	818	6	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	818	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	818	8	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	818	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	818	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	819	1	Dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	819	2	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	819	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	819	4	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	819	5	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	819	6	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	819	7	Keynes	Keynes	NNP
work_3ehybzpqvbdsjlegtnkdycupja	819	8	vs.	vs.	IN
work_3ehybzpqvbdsjlegtnkdycupja	819	9	Hayek	Hayek	NNP
work_3ehybzpqvbdsjlegtnkdycupja	819	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	820	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	820	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	820	3	Economic	Economic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	820	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	820	5	79	79	CD
work_3ehybzpqvbdsjlegtnkdycupja	820	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	820	7	539–580	539–580	CD
work_3ehybzpqvbdsjlegtnkdycupja	820	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	821	1	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	821	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	821	3	G.	G.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	821	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	821	5	X.	X.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	821	6	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	821	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	821	8	2014	2014	CD
work_3ehybzpqvbdsjlegtnkdycupja	821	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	821	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	822	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	822	2	welfare	welfare	NN
work_3ehybzpqvbdsjlegtnkdycupja	822	3	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	822	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	822	5	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	822	6	frequency	frequency	NN
work_3ehybzpqvbdsjlegtnkdycupja	822	7	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	822	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	823	1	Working	Working	NNP
work_3ehybzpqvbdsjlegtnkdycupja	823	2	Paper	Paper	NNP
work_3ehybzpqvbdsjlegtnkdycupja	823	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	824	1	Chen	Chen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	824	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	824	3	Q.	Q.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	824	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	824	5	Z.	Z.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	824	6	Huang	Huang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	824	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	824	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	824	9	Y.	Y.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	824	10	Zhang	Zhang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	824	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	824	12	2014	2014	CD
work_3ehybzpqvbdsjlegtnkdycupja	824	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	824	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	825	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	825	2	effects	effect	NNS
work_3ehybzpqvbdsjlegtnkdycupja	825	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	825	4	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	825	5	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	825	6	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	825	7	asym-	asym-	NN
work_3ehybzpqvbdsjlegtnkdycupja	825	8	metrically	metrically	RB
work_3ehybzpqvbdsjlegtnkdycupja	825	9	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	825	10	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	825	11	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	825	12	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	825	13	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	825	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	826	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	826	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	826	3	Accounting	Accounting	NNP
work_3ehybzpqvbdsjlegtnkdycupja	826	4	Research	Research	NNP
work_3ehybzpqvbdsjlegtnkdycupja	826	5	52	52	CD
work_3ehybzpqvbdsjlegtnkdycupja	826	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	826	7	635–669	635–669	CD
work_3ehybzpqvbdsjlegtnkdycupja	826	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	827	1	Chevalier	Chevalier	NNP
work_3ehybzpqvbdsjlegtnkdycupja	827	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	827	3	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	827	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	827	5	G.	G.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	827	6	Ellison	Ellison	NNP
work_3ehybzpqvbdsjlegtnkdycupja	827	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	827	8	1997	1997	CD
work_3ehybzpqvbdsjlegtnkdycupja	827	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	827	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	828	1	Risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	828	2	taking	take	VBG
work_3ehybzpqvbdsjlegtnkdycupja	828	3	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	828	4	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	828	5	funds	fund	NNS
work_3ehybzpqvbdsjlegtnkdycupja	828	6	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	828	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	828	8	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	828	9	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	828	10	incentives	incentive	NNS
work_3ehybzpqvbdsjlegtnkdycupja	828	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	829	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	829	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	829	3	Political	Political	NNP
work_3ehybzpqvbdsjlegtnkdycupja	829	4	Economy	Economy	NNP
work_3ehybzpqvbdsjlegtnkdycupja	829	5	105	105	CD
work_3ehybzpqvbdsjlegtnkdycupja	829	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	829	7	1167–1200	1167–1200	CD
work_3ehybzpqvbdsjlegtnkdycupja	829	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	830	1	Chordia	Chordia	NNP
work_3ehybzpqvbdsjlegtnkdycupja	830	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	830	3	T.	T.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	830	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	830	5	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	830	6	Roll	Roll	NNP
work_3ehybzpqvbdsjlegtnkdycupja	830	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	830	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	830	9	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	830	10	Subrahmanyam	Subrahmanyam	NNP
work_3ehybzpqvbdsjlegtnkdycupja	830	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	830	12	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	830	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	830	14	February	February	NNP
work_3ehybzpqvbdsjlegtnkdycupja	830	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	830	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	831	1	Liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	831	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	831	3	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	831	4	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	831	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	832	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	832	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	832	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	832	4	Economics	Economics	NNP
work_3ehybzpqvbdsjlegtnkdycupja	832	5	87	87	CD
work_3ehybzpqvbdsjlegtnkdycupja	832	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	832	7	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	832	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	832	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	832	10	249–268	249–268	CD
work_3ehybzpqvbdsjlegtnkdycupja	832	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	833	1	Chordia	Chordia	NNP
work_3ehybzpqvbdsjlegtnkdycupja	833	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	833	3	T.	t.	NN
work_3ehybzpqvbdsjlegtnkdycupja	833	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	833	5	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	833	6	Subrahmanyam	Subrahmanyam	NNP
work_3ehybzpqvbdsjlegtnkdycupja	833	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	833	8	2004	2004	CD
work_3ehybzpqvbdsjlegtnkdycupja	833	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	833	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	834	1	Order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	834	2	imbalance	imbalance	NN
work_3ehybzpqvbdsjlegtnkdycupja	834	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	834	4	individual	individual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	834	5	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	834	6	re-	re-	RB
work_3ehybzpqvbdsjlegtnkdycupja	834	7	turns	turn	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	834	8	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	834	9	Theory	theory	NN
work_3ehybzpqvbdsjlegtnkdycupja	834	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	834	11	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	834	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	835	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	835	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	835	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	835	4	Economics	Economics	NNP
work_3ehybzpqvbdsjlegtnkdycupja	835	5	72	72	CD
work_3ehybzpqvbdsjlegtnkdycupja	835	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	835	7	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	835	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	835	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	835	10	485–518	485–518	CD
work_3ehybzpqvbdsjlegtnkdycupja	835	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	836	1	Ciliberto	Ciliberto	NNP
work_3ehybzpqvbdsjlegtnkdycupja	836	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	836	3	F.	F.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	836	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	836	5	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	836	6	Tamer	Tamer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	836	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	836	8	2009	2009	CD
work_3ehybzpqvbdsjlegtnkdycupja	836	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	836	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	837	1	Market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	837	2	structure	structure	NN
work_3ehybzpqvbdsjlegtnkdycupja	837	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	837	4	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	837	5	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	837	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	837	7	airline	airline	NN
work_3ehybzpqvbdsjlegtnkdycupja	837	8	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	837	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	838	1	Econometrica	Econometrica	NNP
work_3ehybzpqvbdsjlegtnkdycupja	838	2	77	77	CD
work_3ehybzpqvbdsjlegtnkdycupja	838	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	838	4	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	838	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	838	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	838	7	1791–1828	1791–1828	CD
work_3ehybzpqvbdsjlegtnkdycupja	838	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	839	1	Coval	Coval	NNP
work_3ehybzpqvbdsjlegtnkdycupja	839	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	839	3	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	839	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	839	5	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	839	6	Stafford	Stafford	NNP
work_3ehybzpqvbdsjlegtnkdycupja	839	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	839	8	2007	2007	CD
work_3ehybzpqvbdsjlegtnkdycupja	839	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	839	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	840	1	Asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	840	2	fire	fire	NN
work_3ehybzpqvbdsjlegtnkdycupja	840	3	sales	sale	NNS
work_3ehybzpqvbdsjlegtnkdycupja	840	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	840	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	840	6	purchases	purchase	NNS
work_3ehybzpqvbdsjlegtnkdycupja	840	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	840	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	840	9	equity	equity	NN
work_3ehybzpqvbdsjlegtnkdycupja	840	10	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	840	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	841	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	841	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	841	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	841	4	Economics	Economics	NNP
work_3ehybzpqvbdsjlegtnkdycupja	841	5	86	86	CD
work_3ehybzpqvbdsjlegtnkdycupja	841	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	841	7	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	841	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	841	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	841	10	479–512	479–512	CD
work_3ehybzpqvbdsjlegtnkdycupja	841	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	842	1	Daniel	Daniel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	842	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	842	3	K.	K.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	842	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	842	5	D.	D.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	842	6	Hirshleifer	Hirshleifer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	842	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	842	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	842	9	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	842	10	Subrahmanyam	Subrahmanyam	NNP
work_3ehybzpqvbdsjlegtnkdycupja	842	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	842	12	1998	1998	CD
work_3ehybzpqvbdsjlegtnkdycupja	842	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	842	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	843	1	Investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	843	2	psychology	psychology	NN
work_3ehybzpqvbdsjlegtnkdycupja	843	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	843	4	security	security	NN
work_3ehybzpqvbdsjlegtnkdycupja	843	5	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	843	6	under-	under-	NN
work_3ehybzpqvbdsjlegtnkdycupja	843	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	843	8	overreactions	overreaction	NNS
work_3ehybzpqvbdsjlegtnkdycupja	843	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	844	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	844	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	844	3	Finance	Finance	NNP
work_3ehybzpqvbdsjlegtnkdycupja	844	4	53	53	CD
work_3ehybzpqvbdsjlegtnkdycupja	844	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	844	6	1839–1884	1839–1884	CD
work_3ehybzpqvbdsjlegtnkdycupja	844	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	845	1	Dennert	Dennert	NNP
work_3ehybzpqvbdsjlegtnkdycupja	845	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	845	3	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	846	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	846	2	1991	1991	CD
work_3ehybzpqvbdsjlegtnkdycupja	846	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	846	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	847	1	Insider	insider	NN
work_3ehybzpqvbdsjlegtnkdycupja	847	2	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	847	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	847	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	847	5	cost	cost	NN
work_3ehybzpqvbdsjlegtnkdycupja	847	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	847	7	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	847	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	847	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	847	10	multi	multi	JJ
work_3ehybzpqvbdsjlegtnkdycupja	847	11	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	847	12	period	period	JJ
work_3ehybzpqvbdsjlegtnkdycupja	847	13	economy	economy	NN
work_3ehybzpqvbdsjlegtnkdycupja	847	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	848	1	London	London	NNP
work_3ehybzpqvbdsjlegtnkdycupja	848	2	School	School	NNP
work_3ehybzpqvbdsjlegtnkdycupja	848	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	848	4	Economics	Economics	NNP
work_3ehybzpqvbdsjlegtnkdycupja	848	5	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	848	6	Market	Market	NNP
work_3ehybzpqvbdsjlegtnkdycupja	848	7	Group	Group	NNP
work_3ehybzpqvbdsjlegtnkdycupja	848	8	Discussion	Discussion	NNP
work_3ehybzpqvbdsjlegtnkdycupja	848	9	Paper	Paper	NNP
work_3ehybzpqvbdsjlegtnkdycupja	848	10	128	128	CD
work_3ehybzpqvbdsjlegtnkdycupja	848	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	849	1	Dow	Dow	NNP
work_3ehybzpqvbdsjlegtnkdycupja	849	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	849	3	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	850	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	850	2	2005	2005	CD
work_3ehybzpqvbdsjlegtnkdycupja	850	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	850	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	851	1	Self	self	NN
work_3ehybzpqvbdsjlegtnkdycupja	851	2	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	851	3	sustaining	sustain	VBG
work_3ehybzpqvbdsjlegtnkdycupja	851	4	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	851	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	851	6	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	851	7	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	851	8	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	851	9	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	851	10	asymmetric	asymmetric	NNP
work_3ehybzpqvbdsjlegtnkdycupja	851	11	informa-	informa-	NN
work_3ehybzpqvbdsjlegtnkdycupja	851	12	tion	tion	NN
work_3ehybzpqvbdsjlegtnkdycupja	851	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	852	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	852	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	852	3	Business	Business	NNP
work_3ehybzpqvbdsjlegtnkdycupja	852	4	77	77	CD
work_3ehybzpqvbdsjlegtnkdycupja	852	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	852	6	895–908	895–908	CD
work_3ehybzpqvbdsjlegtnkdycupja	852	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	852	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	853	1	Dow	Dow	NNP
work_3ehybzpqvbdsjlegtnkdycupja	853	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	853	3	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	853	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	853	5	I.	I.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	853	6	Goldstein	Goldstein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	853	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	853	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	853	9	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	853	10	Guembel	Guembel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	853	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	853	12	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	853	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	853	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	854	1	Incentives	incentive	NNS
work_3ehybzpqvbdsjlegtnkdycupja	854	2	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	854	3	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	854	4	production	production	NN
work_3ehybzpqvbdsjlegtnkdycupja	854	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	854	6	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	854	7	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	854	8	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	854	9	affect	affect	VBP
work_3ehybzpqvbdsjlegtnkdycupja	854	10	real	real	JJ
work_3ehybzpqvbdsjlegtnkdycupja	854	11	investment	investment	NN
work_3ehybzpqvbdsjlegtnkdycupja	854	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	855	1	Working	Working	NNP
work_3ehybzpqvbdsjlegtnkdycupja	855	2	Paper	Paper	NNP
work_3ehybzpqvbdsjlegtnkdycupja	855	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	856	1	Dow	Dow	NNP
work_3ehybzpqvbdsjlegtnkdycupja	856	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	856	3	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	856	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	856	5	G.	G.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	856	6	Gorton	Gorton	NNP
work_3ehybzpqvbdsjlegtnkdycupja	856	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	856	8	1994	1994	CD
work_3ehybzpqvbdsjlegtnkdycupja	856	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	856	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	857	1	Arbitrage	arbitrage	NN
work_3ehybzpqvbdsjlegtnkdycupja	857	2	chains	chain	NNS
work_3ehybzpqvbdsjlegtnkdycupja	857	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	858	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	858	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	858	3	Finance	Finance	NNP
work_3ehybzpqvbdsjlegtnkdycupja	858	4	49	49	CD
work_3ehybzpqvbdsjlegtnkdycupja	858	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	858	6	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	858	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	858	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	858	9	819–49	819–49	CD
work_3ehybzpqvbdsjlegtnkdycupja	858	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	859	1	Duffie	Duffie	NNP
work_3ehybzpqvbdsjlegtnkdycupja	859	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	859	3	D.	D.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	859	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	859	5	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	859	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	859	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	860	1	Presidential	presidential	JJ
work_3ehybzpqvbdsjlegtnkdycupja	860	2	address	address	NN
work_3ehybzpqvbdsjlegtnkdycupja	860	3	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	860	4	Asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	860	5	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	860	6	dynamics	dynamic	NNS
work_3ehybzpqvbdsjlegtnkdycupja	860	7	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	860	8	slow	slow	RB
work_3ehybzpqvbdsjlegtnkdycupja	860	9	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	860	10	moving	move	VBG
work_3ehybzpqvbdsjlegtnkdycupja	860	11	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	860	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	861	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	861	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	861	3	Finance	Finance	NNP
work_3ehybzpqvbdsjlegtnkdycupja	861	4	65	65	CD
work_3ehybzpqvbdsjlegtnkdycupja	861	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	861	6	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	861	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	861	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	861	9	1237–1267	1237–1267	CD
work_3ehybzpqvbdsjlegtnkdycupja	861	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	862	1	Easley	Easley	NNP
work_3ehybzpqvbdsjlegtnkdycupja	862	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	862	3	D.	D.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	862	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	862	5	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	862	6	Hvidkjaer	Hvidkjaer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	862	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	862	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	862	9	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	862	10	O’Hara	O’Hara	NNP
work_3ehybzpqvbdsjlegtnkdycupja	862	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	862	12	2002	2002	CD
work_3ehybzpqvbdsjlegtnkdycupja	862	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	862	14	October	October	NNP
work_3ehybzpqvbdsjlegtnkdycupja	862	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	862	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	863	1	Is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	863	2	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	863	3	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	863	4	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	863	5	deter-	deter-	NN
work_3ehybzpqvbdsjlegtnkdycupja	863	6	minant	minant	NN
work_3ehybzpqvbdsjlegtnkdycupja	863	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	863	8	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	863	9	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	863	10	?	?	.
work_3ehybzpqvbdsjlegtnkdycupja	864	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	864	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	864	3	Finance	Finance	NNP
work_3ehybzpqvbdsjlegtnkdycupja	864	4	57	57	CD
work_3ehybzpqvbdsjlegtnkdycupja	864	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	864	6	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	864	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	864	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	864	9	2185–2221	2185–2221	CD
work_3ehybzpqvbdsjlegtnkdycupja	864	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	865	1	50	50	CD
work_3ehybzpqvbdsjlegtnkdycupja	865	2	Echenique	Echenique	NNP
work_3ehybzpqvbdsjlegtnkdycupja	865	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	865	4	F.	F.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	865	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	865	6	I.	I.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	865	7	Komunjer	Komunjer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	865	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	865	9	2009	2009	CD
work_3ehybzpqvbdsjlegtnkdycupja	865	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	865	11	07	07	CD
work_3ehybzpqvbdsjlegtnkdycupja	865	12	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	865	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	866	1	Testing	testing	NN
work_3ehybzpqvbdsjlegtnkdycupja	866	2	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	866	3	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	866	4	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	866	5	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	866	6	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	866	7	quantile	quantile	NN
work_3ehybzpqvbdsjlegtnkdycupja	866	8	methods	method	NNS
work_3ehybzpqvbdsjlegtnkdycupja	866	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	867	1	Econometrica	Econometrica	NNP
work_3ehybzpqvbdsjlegtnkdycupja	867	2	77	77	CD
work_3ehybzpqvbdsjlegtnkdycupja	867	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	867	4	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	867	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	867	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	867	7	1281–1297	1281–1297	CD
work_3ehybzpqvbdsjlegtnkdycupja	867	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	868	1	Foucault	Foucault	NNP
work_3ehybzpqvbdsjlegtnkdycupja	868	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	868	3	T.	T.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	868	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	868	5	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	868	6	Pagano	Pagano	NNP
work_3ehybzpqvbdsjlegtnkdycupja	868	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	868	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	868	9	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	868	10	Röell	Röell	NNP
work_3ehybzpqvbdsjlegtnkdycupja	868	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	868	12	2013	2013	CD
work_3ehybzpqvbdsjlegtnkdycupja	868	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	868	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	869	1	Market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	869	2	Liquidity	Liquidity	NNP
work_3ehybzpqvbdsjlegtnkdycupja	869	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	870	1	Oxford	Oxford	NNP
work_3ehybzpqvbdsjlegtnkdycupja	870	2	University	University	NNP
work_3ehybzpqvbdsjlegtnkdycupja	870	3	Press	Press	NNP
work_3ehybzpqvbdsjlegtnkdycupja	870	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	871	1	Froot	Froot	NNP
work_3ehybzpqvbdsjlegtnkdycupja	871	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	871	3	K.	K.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	871	4	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	871	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	871	6	D.	D.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	871	7	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	871	8	Scharfstein	Scharfstein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	871	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	871	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	871	11	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	871	12	C.	C.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	871	13	Stein	Stein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	871	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	871	15	1992	1992	CD
work_3ehybzpqvbdsjlegtnkdycupja	871	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	871	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	872	1	Herd	herd	NN
work_3ehybzpqvbdsjlegtnkdycupja	872	2	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	872	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	872	4	street	street	NN
work_3ehybzpqvbdsjlegtnkdycupja	872	5	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	872	6	Informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	872	7	inefficiencies	inefficiency	NNS
work_3ehybzpqvbdsjlegtnkdycupja	872	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	872	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	872	10	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	872	11	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	872	12	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	872	13	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	872	14	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	872	15	speculation	speculation	NN
work_3ehybzpqvbdsjlegtnkdycupja	872	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	873	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	873	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	873	3	Finance	Finance	NNP
work_3ehybzpqvbdsjlegtnkdycupja	873	4	47	47	CD
work_3ehybzpqvbdsjlegtnkdycupja	873	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	873	6	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	873	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	873	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	873	9	1461–1484	1461–1484	CD
work_3ehybzpqvbdsjlegtnkdycupja	873	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	874	1	Ganguli	Ganguli	NNP
work_3ehybzpqvbdsjlegtnkdycupja	874	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	874	3	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	874	4	V.	V.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	874	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	874	6	L.	L.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	874	7	Yang	Yang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	874	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	874	9	2009	2009	CD
work_3ehybzpqvbdsjlegtnkdycupja	874	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	874	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	875	1	Complementarities	complementarity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	875	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	875	3	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	875	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	875	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	875	6	supply	supply	VB
work_3ehybzpqvbdsjlegtnkdycupja	875	7	infor-	infor-	XX
work_3ehybzpqvbdsjlegtnkdycupja	875	8	mation	mation	NN
work_3ehybzpqvbdsjlegtnkdycupja	875	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	876	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	876	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	876	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	876	4	European	European	NNP
work_3ehybzpqvbdsjlegtnkdycupja	876	5	Economic	Economic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	876	6	Association	Association	NNP
work_3ehybzpqvbdsjlegtnkdycupja	876	7	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	876	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	876	9	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	876	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	876	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	876	12	90–115	90–115	CD
work_3ehybzpqvbdsjlegtnkdycupja	876	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	877	1	Giannini	Giannini	NNP
work_3ehybzpqvbdsjlegtnkdycupja	877	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	877	3	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	877	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	877	5	P.	P.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	877	6	Irvine	Irvine	NNP
work_3ehybzpqvbdsjlegtnkdycupja	877	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	877	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	877	9	T.	T.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	877	10	Shu	Shu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	877	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	877	12	2013	2013	CD
work_3ehybzpqvbdsjlegtnkdycupja	877	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	877	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	878	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	878	2	convergence	convergence	NN
work_3ehybzpqvbdsjlegtnkdycupja	878	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	878	4	divergence	divergence	NN
work_3ehybzpqvbdsjlegtnkdycupja	878	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	878	6	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	878	7	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	878	8	opinions	opinion	NNS
work_3ehybzpqvbdsjlegtnkdycupja	878	9	around	around	IN
work_3ehybzpqvbdsjlegtnkdycupja	878	10	earnings	earning	NNS
work_3ehybzpqvbdsjlegtnkdycupja	878	11	news	news	NN
work_3ehybzpqvbdsjlegtnkdycupja	878	12	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	878	13	Evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	878	14	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	878	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	878	16	social	social	JJ
work_3ehybzpqvbdsjlegtnkdycupja	878	17	network	network	NN
work_3ehybzpqvbdsjlegtnkdycupja	878	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	879	1	Working	Working	NNP
work_3ehybzpqvbdsjlegtnkdycupja	879	2	Paper	Paper	NNP
work_3ehybzpqvbdsjlegtnkdycupja	879	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	880	1	Goldstein	Goldstein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	880	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	880	3	I.	I.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	880	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	880	5	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	880	6	Ozdenoren	Ozdenoren	NNP
work_3ehybzpqvbdsjlegtnkdycupja	880	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	880	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	880	9	K.	K.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	880	10	Yuan	Yuan	NNP
work_3ehybzpqvbdsjlegtnkdycupja	880	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	880	12	2013	2013	CD
work_3ehybzpqvbdsjlegtnkdycupja	880	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	880	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	881	1	Trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	881	2	frenzies	frenzy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	881	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	881	4	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	881	5	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	881	6	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	881	7	real	real	JJ
work_3ehybzpqvbdsjlegtnkdycupja	881	8	investment	investment	NN
work_3ehybzpqvbdsjlegtnkdycupja	881	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	882	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	882	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	882	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	882	4	Economics	Economics	NNP
work_3ehybzpqvbdsjlegtnkdycupja	882	5	109	109	CD
work_3ehybzpqvbdsjlegtnkdycupja	882	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	882	7	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	882	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	882	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	882	10	566	566	CD
work_3ehybzpqvbdsjlegtnkdycupja	882	11	–	–	:
work_3ehybzpqvbdsjlegtnkdycupja	882	12	582	582	CD
work_3ehybzpqvbdsjlegtnkdycupja	882	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	883	1	Goldstein	Goldstein	NNP
work_3ehybzpqvbdsjlegtnkdycupja	883	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	883	3	I.	I.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	883	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	883	5	L.	L.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	883	6	Yang	Yang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	883	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	883	8	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	883	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	883	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	884	1	Information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	884	2	diversity	diversity	NN
work_3ehybzpqvbdsjlegtnkdycupja	884	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	884	4	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	884	5	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	884	6	spirals	spiral	NNS
work_3ehybzpqvbdsjlegtnkdycupja	884	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	885	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	885	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	885	3	Finance	Finance	NNP
work_3ehybzpqvbdsjlegtnkdycupja	885	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	885	5	Forthcoming	Forthcoming	NNP
work_3ehybzpqvbdsjlegtnkdycupja	885	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	886	1	Gorton	Gorton	NNP
work_3ehybzpqvbdsjlegtnkdycupja	886	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	886	3	G.	G.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	886	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	886	5	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	886	6	Metrick	Metrick	NNP
work_3ehybzpqvbdsjlegtnkdycupja	886	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	886	8	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	886	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	886	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	887	1	Haircuts	Haircuts	NNP
work_3ehybzpqvbdsjlegtnkdycupja	887	2	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	888	1	Federal	Federal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	888	2	Reserve	Reserve	NNP
work_3ehybzpqvbdsjlegtnkdycupja	888	3	Bank	Bank	NNP
work_3ehybzpqvbdsjlegtnkdycupja	888	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	888	5	St.	St.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	888	6	Louis	Louis	NNP
work_3ehybzpqvbdsjlegtnkdycupja	888	7	Re-	Re-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	888	8	view	view	NN
work_3ehybzpqvbdsjlegtnkdycupja	888	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	888	10	92	92	CD
work_3ehybzpqvbdsjlegtnkdycupja	888	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	888	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	888	13	507–517	507–517	CD
work_3ehybzpqvbdsjlegtnkdycupja	888	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	889	1	Greenwood	Greenwood	NNP
work_3ehybzpqvbdsjlegtnkdycupja	889	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	889	3	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	889	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	889	5	D.	D.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	889	6	Thesmar	Thesmar	NNP
work_3ehybzpqvbdsjlegtnkdycupja	889	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	889	8	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	889	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	889	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	890	1	Stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	890	2	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	890	3	fragility	fragility	NN
work_3ehybzpqvbdsjlegtnkdycupja	890	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	891	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	891	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	891	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	891	4	Economics	Economics	NNP
work_3ehybzpqvbdsjlegtnkdycupja	891	5	102	102	CD
work_3ehybzpqvbdsjlegtnkdycupja	891	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	891	7	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	891	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	891	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	891	10	471–490	471–490	CD
work_3ehybzpqvbdsjlegtnkdycupja	891	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	892	1	Griffin	Griffin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	892	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	892	3	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	892	4	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	892	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	892	6	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	892	7	H.	H.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	892	8	Harris	Harris	NNP
work_3ehybzpqvbdsjlegtnkdycupja	892	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	892	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	892	11	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	892	12	Topaloglu	Topaloglu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	892	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	892	14	2003	2003	CD
work_3ehybzpqvbdsjlegtnkdycupja	892	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	892	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	893	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	893	2	dynamics	dynamic	NNS
work_3ehybzpqvbdsjlegtnkdycupja	893	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	893	4	institutional	institutional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	893	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	893	6	individual	individual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	893	7	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	893	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	894	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	894	2	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	894	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	894	4	Finance	Finance	NNP
work_3ehybzpqvbdsjlegtnkdycupja	894	5	58	58	CD
work_3ehybzpqvbdsjlegtnkdycupja	894	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	894	7	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	894	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	894	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	894	10	2285–2320	2285–2320	CD
work_3ehybzpqvbdsjlegtnkdycupja	894	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	895	1	Gromb	Gromb	NNP
work_3ehybzpqvbdsjlegtnkdycupja	895	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	895	3	D.	D.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	895	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	895	5	D.	D.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	895	6	Vayanos	Vayanos	NNP
work_3ehybzpqvbdsjlegtnkdycupja	895	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	895	8	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	895	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	895	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	896	1	Limits	limit	NNS
work_3ehybzpqvbdsjlegtnkdycupja	896	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	896	3	arbitrage	arbitrage	NN
work_3ehybzpqvbdsjlegtnkdycupja	896	4	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	896	5	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	896	6	state	state	NN
work_3ehybzpqvbdsjlegtnkdycupja	896	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	896	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	896	9	theory	theory	NN
work_3ehybzpqvbdsjlegtnkdycupja	896	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	897	1	Annual	Annual	NNP
work_3ehybzpqvbdsjlegtnkdycupja	897	2	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	897	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	897	4	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	897	5	Economics	Economics	NNP
work_3ehybzpqvbdsjlegtnkdycupja	897	6	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	897	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	897	8	251–275	251–275	CD
work_3ehybzpqvbdsjlegtnkdycupja	897	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	898	1	Grossman	Grossman	NNP
work_3ehybzpqvbdsjlegtnkdycupja	898	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	898	3	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	898	4	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	898	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	898	6	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	898	7	H.	H.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	898	8	Miller	Miller	NNP
work_3ehybzpqvbdsjlegtnkdycupja	898	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	898	10	1988	1988	CD
work_3ehybzpqvbdsjlegtnkdycupja	898	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	898	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	899	1	Liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	899	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	899	3	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	899	4	structure	structure	NN
work_3ehybzpqvbdsjlegtnkdycupja	899	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	900	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	900	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	900	3	Finance	Finance	NNP
work_3ehybzpqvbdsjlegtnkdycupja	900	4	43	43	CD
work_3ehybzpqvbdsjlegtnkdycupja	900	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	900	6	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	900	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	900	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	900	9	617–37	617–37	CD
work_3ehybzpqvbdsjlegtnkdycupja	900	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	901	1	Grossman	Grossman	NNP
work_3ehybzpqvbdsjlegtnkdycupja	901	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	901	3	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	901	4	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	901	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	901	6	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	901	7	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	901	8	Stiglitz	Stiglitz	NNP
work_3ehybzpqvbdsjlegtnkdycupja	901	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	901	10	1980	1980	CD
work_3ehybzpqvbdsjlegtnkdycupja	901	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	901	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	902	1	On	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	902	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	902	3	impossibility	impossibility	NN
work_3ehybzpqvbdsjlegtnkdycupja	902	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	902	5	informationally	informationally	RB
work_3ehybzpqvbdsjlegtnkdycupja	902	6	efficient	efficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	902	7	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	902	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	903	1	American	American	NNP
work_3ehybzpqvbdsjlegtnkdycupja	903	2	Economic	Economic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	903	3	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	903	4	70	70	CD
work_3ehybzpqvbdsjlegtnkdycupja	903	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	903	6	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	903	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	903	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	903	9	393–408	393–408	CD
work_3ehybzpqvbdsjlegtnkdycupja	903	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	904	1	Grundy	Grundy	NNP
work_3ehybzpqvbdsjlegtnkdycupja	904	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	904	3	B.	B.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	904	4	D.	D.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	904	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	904	6	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	904	7	McNichols	McNichols	NNP
work_3ehybzpqvbdsjlegtnkdycupja	904	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	904	9	1989	1989	CD
work_3ehybzpqvbdsjlegtnkdycupja	904	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	904	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	905	1	Trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	905	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	905	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	905	4	revelation	revelation	NN
work_3ehybzpqvbdsjlegtnkdycupja	905	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	905	6	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	905	7	through	through	IN
work_3ehybzpqvbdsjlegtnkdycupja	905	8	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	905	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	905	10	direct	direct	JJ
work_3ehybzpqvbdsjlegtnkdycupja	905	11	disclosure	disclosure	NN
work_3ehybzpqvbdsjlegtnkdycupja	905	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	906	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	906	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	906	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	906	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	906	5	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	906	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	906	7	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	906	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	906	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	906	10	495–526	495–526	CD
work_3ehybzpqvbdsjlegtnkdycupja	906	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	907	1	Haldane	Haldane	NNP
work_3ehybzpqvbdsjlegtnkdycupja	907	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	907	3	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	907	4	G.	G.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	907	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	907	6	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	907	7	Davies	Davies	NNP
work_3ehybzpqvbdsjlegtnkdycupja	907	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	907	9	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	907	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	907	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	908	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	908	2	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	908	3	long	long	NN
work_3ehybzpqvbdsjlegtnkdycupja	908	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	909	1	Bank	Bank	NNP
work_3ehybzpqvbdsjlegtnkdycupja	909	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	909	3	England	England	NNP
work_3ehybzpqvbdsjlegtnkdycupja	909	4	working	work	VBG
work_3ehybzpqvbdsjlegtnkdycupja	909	5	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	909	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	910	1	Hamm	Hamm	NNP
work_3ehybzpqvbdsjlegtnkdycupja	910	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	910	3	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	910	4	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	910	5	W.	W.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	910	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	910	7	2014	2014	CD
work_3ehybzpqvbdsjlegtnkdycupja	910	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	910	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	911	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	911	2	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	911	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	911	4	ETFs	etf	NNS
work_3ehybzpqvbdsjlegtnkdycupja	911	5	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	911	6	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	911	7	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	911	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	912	1	Working	Working	NNP
work_3ehybzpqvbdsjlegtnkdycupja	912	2	Paper	Paper	NNP
work_3ehybzpqvbdsjlegtnkdycupja	912	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	913	1	51	51	CD
work_3ehybzpqvbdsjlegtnkdycupja	913	2	He	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	913	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	913	4	H.	H.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	913	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	913	6	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	913	7	Wang	Wang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	913	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	913	9	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	913	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	913	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	914	1	Differential	differential	JJ
work_3ehybzpqvbdsjlegtnkdycupja	914	2	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	914	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	914	4	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	914	5	behavior	behavior	NN
work_3ehybzpqvbdsjlegtnkdycupja	914	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	914	7	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	914	8	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	914	9	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	914	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	915	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	915	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	915	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	915	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	915	5	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	915	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	915	7	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	915	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	915	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	915	10	919–972	919–972	CD
work_3ehybzpqvbdsjlegtnkdycupja	915	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	916	1	Henker	Henker	NNP
work_3ehybzpqvbdsjlegtnkdycupja	916	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	916	3	T.	T.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	916	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	916	5	J.-X.	J.-X.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	917	1	Wang	Wang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	917	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	917	3	2006	2006	CD
work_3ehybzpqvbdsjlegtnkdycupja	917	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	917	5	May	May	NNP
work_3ehybzpqvbdsjlegtnkdycupja	917	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	917	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	918	1	On	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	918	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	918	3	importance	importance	NN
work_3ehybzpqvbdsjlegtnkdycupja	918	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	918	5	timing	timing	NN
work_3ehybzpqvbdsjlegtnkdycupja	918	6	specifications	specification	NNS
work_3ehybzpqvbdsjlegtnkdycupja	918	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	918	8	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	918	9	microstructure	microstructure	NN
work_3ehybzpqvbdsjlegtnkdycupja	918	10	research	research	NN
work_3ehybzpqvbdsjlegtnkdycupja	918	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	919	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	919	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	919	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	919	4	Markets	Markets	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	919	5	9	9	CD
work_3ehybzpqvbdsjlegtnkdycupja	919	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	919	7	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	919	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	919	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	919	10	162–179	162–179	CD
work_3ehybzpqvbdsjlegtnkdycupja	919	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	920	1	Henry	Henry	NNP
work_3ehybzpqvbdsjlegtnkdycupja	920	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	920	3	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	920	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	920	5	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	920	6	Galichon	Galichon	NNP
work_3ehybzpqvbdsjlegtnkdycupja	920	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	920	8	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	920	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	920	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	921	1	Set	Set	VBN
work_3ehybzpqvbdsjlegtnkdycupja	921	2	identification	identification	NN
work_3ehybzpqvbdsjlegtnkdycupja	921	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	921	4	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	921	5	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	921	6	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	921	7	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	921	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	922	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	922	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	922	3	Economic	Economic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	922	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	922	5	78	78	CD
work_3ehybzpqvbdsjlegtnkdycupja	922	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	922	7	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	922	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	922	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	922	10	1264–1298	1264–1298	CD
work_3ehybzpqvbdsjlegtnkdycupja	922	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	923	1	Holmström	Holmström	NNP
work_3ehybzpqvbdsjlegtnkdycupja	923	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	923	3	B.	B.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	923	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	923	5	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	923	6	Ricart	Ricart	NNP
work_3ehybzpqvbdsjlegtnkdycupja	923	7	i	i	NN
work_3ehybzpqvbdsjlegtnkdycupja	923	8	Costa	Costa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	923	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	923	10	1986	1986	CD
work_3ehybzpqvbdsjlegtnkdycupja	923	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	923	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	924	1	Managerial	managerial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	924	2	incentives	incentive	NNS
work_3ehybzpqvbdsjlegtnkdycupja	924	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	924	4	capital	capital	NN
work_3ehybzpqvbdsjlegtnkdycupja	924	5	man-	man-	NN
work_3ehybzpqvbdsjlegtnkdycupja	924	6	agement	agement	NN
work_3ehybzpqvbdsjlegtnkdycupja	924	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	925	1	Quarterly	Quarterly	NNP
work_3ehybzpqvbdsjlegtnkdycupja	925	2	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	925	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	925	4	Economics	Economics	NNP
work_3ehybzpqvbdsjlegtnkdycupja	925	5	101	101	CD
work_3ehybzpqvbdsjlegtnkdycupja	925	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	925	7	835–860	835–860	CD
work_3ehybzpqvbdsjlegtnkdycupja	925	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	926	1	Huang	Huang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	926	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	926	3	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	926	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	926	5	H.	H.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	926	6	Stoll	Stoll	NNP
work_3ehybzpqvbdsjlegtnkdycupja	926	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	926	8	1997	1997	CD
work_3ehybzpqvbdsjlegtnkdycupja	926	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	926	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	927	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	927	2	components	component	NNS
work_3ehybzpqvbdsjlegtnkdycupja	927	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	927	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	927	5	bid	bid	NN
work_3ehybzpqvbdsjlegtnkdycupja	927	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	927	7	ask	ask	NN
work_3ehybzpqvbdsjlegtnkdycupja	927	8	spread	spread	NN
work_3ehybzpqvbdsjlegtnkdycupja	927	9	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	927	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	927	11	general	general	JJ
work_3ehybzpqvbdsjlegtnkdycupja	927	12	approach	approach	NN
work_3ehybzpqvbdsjlegtnkdycupja	927	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	928	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	928	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	928	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	928	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	928	5	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	928	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	928	7	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	928	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	928	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	928	10	995–1034	995–1034	CD
work_3ehybzpqvbdsjlegtnkdycupja	928	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	929	1	Jovanovic	Jovanovic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	929	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	929	3	B.	B.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	930	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	930	2	1989	1989	CD
work_3ehybzpqvbdsjlegtnkdycupja	930	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	930	4	November	November	NNP
work_3ehybzpqvbdsjlegtnkdycupja	930	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	930	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	931	1	Observable	observable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	931	2	implications	implication	NNS
work_3ehybzpqvbdsjlegtnkdycupja	931	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	931	4	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	931	5	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	931	6	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	931	7	equi-	equi-	NN
work_3ehybzpqvbdsjlegtnkdycupja	931	8	libria	libria	NNP
work_3ehybzpqvbdsjlegtnkdycupja	931	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	932	1	Econometrica	Econometrica	NNP
work_3ehybzpqvbdsjlegtnkdycupja	932	2	57	57	CD
work_3ehybzpqvbdsjlegtnkdycupja	932	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	932	4	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	932	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	932	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	932	7	1431–1437	1431–1437	CD
work_3ehybzpqvbdsjlegtnkdycupja	932	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	933	1	Kandel	Kandel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	933	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	933	3	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	933	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	933	5	N.	N.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	933	6	D.	D.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	933	7	Pearson	Pearson	NNP
work_3ehybzpqvbdsjlegtnkdycupja	933	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	933	9	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	933	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	933	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	934	1	Differential	differential	JJ
work_3ehybzpqvbdsjlegtnkdycupja	934	2	interpretation	interpretation	NN
work_3ehybzpqvbdsjlegtnkdycupja	934	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	934	4	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	934	5	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	934	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	934	7	trade	trade	NN
work_3ehybzpqvbdsjlegtnkdycupja	934	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	934	9	speculative	speculative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	934	10	markets	market	NNS
work_3ehybzpqvbdsjlegtnkdycupja	934	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	935	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	935	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	935	3	Political	Political	NNP
work_3ehybzpqvbdsjlegtnkdycupja	935	4	Economy	Economy	NNP
work_3ehybzpqvbdsjlegtnkdycupja	935	5	103	103	CD
work_3ehybzpqvbdsjlegtnkdycupja	935	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	935	7	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	935	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	935	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	935	10	831–872	831–872	CD
work_3ehybzpqvbdsjlegtnkdycupja	935	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	936	1	Khandani	Khandani	NNP
work_3ehybzpqvbdsjlegtnkdycupja	936	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	936	3	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	936	4	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	936	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	936	6	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	936	7	W.	W.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	936	8	Lo	Lo	NNP
work_3ehybzpqvbdsjlegtnkdycupja	936	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	936	10	2011	2011	CD
work_3ehybzpqvbdsjlegtnkdycupja	936	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	936	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	937	1	What	what	WP
work_3ehybzpqvbdsjlegtnkdycupja	937	2	happened	happen	VBD
work_3ehybzpqvbdsjlegtnkdycupja	937	3	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	937	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	937	5	quants	quant	NNS
work_3ehybzpqvbdsjlegtnkdycupja	937	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	937	7	august	august	NNP
work_3ehybzpqvbdsjlegtnkdycupja	937	8	2007	2007	CD
work_3ehybzpqvbdsjlegtnkdycupja	937	9	?	?	.
work_3ehybzpqvbdsjlegtnkdycupja	938	1	evidence	evidence	NN
work_3ehybzpqvbdsjlegtnkdycupja	938	2	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	938	3	factors	factor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	938	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	938	5	transactions	transaction	NNS
work_3ehybzpqvbdsjlegtnkdycupja	938	6	data	datum	NNS
work_3ehybzpqvbdsjlegtnkdycupja	938	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	939	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	939	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	939	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	939	4	Markets	Markets	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	939	5	14	14	CD
work_3ehybzpqvbdsjlegtnkdycupja	939	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	939	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	939	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	939	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	939	10	1–46	1–46	CD
work_3ehybzpqvbdsjlegtnkdycupja	939	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	940	1	Kondor	Kondor	NNP
work_3ehybzpqvbdsjlegtnkdycupja	940	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	940	3	P.	P.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	940	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	940	5	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	940	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	940	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	941	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	941	2	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	941	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	941	4	know	know	VBP
work_3ehybzpqvbdsjlegtnkdycupja	941	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	941	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	941	7	less	less	RBR
work_3ehybzpqvbdsjlegtnkdycupja	941	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	941	9	agree	agree	VBP
work_3ehybzpqvbdsjlegtnkdycupja	941	10	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	941	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	941	12	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	941	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	942	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	942	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	942	3	Economic	Economic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	942	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	942	5	79	79	CD
work_3ehybzpqvbdsjlegtnkdycupja	942	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	942	7	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	942	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	942	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	942	10	1175–1209	1175–1209	CD
work_3ehybzpqvbdsjlegtnkdycupja	942	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	943	1	Kyle	Kyle	NNP
work_3ehybzpqvbdsjlegtnkdycupja	943	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	943	3	A.	a.	NN
work_3ehybzpqvbdsjlegtnkdycupja	944	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	944	2	1985	1985	CD
work_3ehybzpqvbdsjlegtnkdycupja	944	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	944	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	945	1	Continuous	continuous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	945	2	auctions	auction	NNS
work_3ehybzpqvbdsjlegtnkdycupja	945	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	945	4	insider	insider	NN
work_3ehybzpqvbdsjlegtnkdycupja	945	5	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	945	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	946	1	Econometrica	Econometrica	NNP
work_3ehybzpqvbdsjlegtnkdycupja	946	2	53	53	CD
work_3ehybzpqvbdsjlegtnkdycupja	946	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	946	4	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	946	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	946	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	946	7	1315	1315	CD
work_3ehybzpqvbdsjlegtnkdycupja	946	8	–	–	:
work_3ehybzpqvbdsjlegtnkdycupja	946	9	1336	1336	CD
work_3ehybzpqvbdsjlegtnkdycupja	946	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	947	1	Lou	Lou	NNP
work_3ehybzpqvbdsjlegtnkdycupja	947	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	947	3	D.	D.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	947	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	947	5	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	947	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	947	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	948	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	948	2	flow	flow	NN
work_3ehybzpqvbdsjlegtnkdycupja	948	3	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	948	4	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	948	5	explanation	explanation	NN
work_3ehybzpqvbdsjlegtnkdycupja	948	6	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	948	7	return	return	NN
work_3ehybzpqvbdsjlegtnkdycupja	948	8	predictability	predictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	948	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	949	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	949	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	949	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	949	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	949	5	25	25	CD
work_3ehybzpqvbdsjlegtnkdycupja	949	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	949	7	12	12	CD
work_3ehybzpqvbdsjlegtnkdycupja	949	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	949	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	949	10	3457–3489	3457–3489	CD
work_3ehybzpqvbdsjlegtnkdycupja	949	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	950	1	Madhavan	Madhavan	NNP
work_3ehybzpqvbdsjlegtnkdycupja	950	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	950	3	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	950	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	950	5	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	950	6	Richardson	Richardson	NNP
work_3ehybzpqvbdsjlegtnkdycupja	950	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	950	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	950	9	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	950	10	Roomans	Roomans	NNP
work_3ehybzpqvbdsjlegtnkdycupja	950	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	950	12	1997	1997	CD
work_3ehybzpqvbdsjlegtnkdycupja	950	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	950	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	951	1	Why	why	WRB
work_3ehybzpqvbdsjlegtnkdycupja	951	2	do	do	VBP
work_3ehybzpqvbdsjlegtnkdycupja	951	3	security	security	NN
work_3ehybzpqvbdsjlegtnkdycupja	951	4	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	951	5	change	change	VB
work_3ehybzpqvbdsjlegtnkdycupja	951	6	?	?	.
work_3ehybzpqvbdsjlegtnkdycupja	952	1	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	952	2	transaction	transaction	NN
work_3ehybzpqvbdsjlegtnkdycupja	952	3	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	952	4	level	level	NN
work_3ehybzpqvbdsjlegtnkdycupja	952	5	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	952	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	952	7	nyse	nyse	NNP
work_3ehybzpqvbdsjlegtnkdycupja	952	8	stocks	stock	NNS
work_3ehybzpqvbdsjlegtnkdycupja	952	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	953	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	953	2	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	953	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	953	4	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	953	5	Stud-	Stud-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	953	6	ies	ie	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	953	7	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	953	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	953	9	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	953	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	953	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	953	12	1035–1064	1035–1064	CD
work_3ehybzpqvbdsjlegtnkdycupja	953	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	954	1	Moskowitz	Moskowitz	NNP
work_3ehybzpqvbdsjlegtnkdycupja	954	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	954	3	T.	T.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	954	4	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	954	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	954	6	Y.	Y.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	954	7	H.	H.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	954	8	Ooi	Ooi	NNP
work_3ehybzpqvbdsjlegtnkdycupja	954	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	954	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	954	11	L.	L.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	954	12	H.	H.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	954	13	Pedersen	Pedersen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	954	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	954	15	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	954	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	954	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	955	1	Time	Time	NNP
work_3ehybzpqvbdsjlegtnkdycupja	955	2	series	series	NNP
work_3ehybzpqvbdsjlegtnkdycupja	955	3	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	955	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	956	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	956	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	956	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	956	4	Economics	Economics	NNP
work_3ehybzpqvbdsjlegtnkdycupja	956	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	956	6	104	104	CD
work_3ehybzpqvbdsjlegtnkdycupja	956	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	956	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	956	9	228–250	228–250	CD
work_3ehybzpqvbdsjlegtnkdycupja	956	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	957	1	Nagel	Nagel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	957	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	957	3	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	957	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	957	5	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	957	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	957	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	958	1	Evaporating	evaporate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	958	2	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	958	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	959	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	959	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	959	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	959	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	959	5	25	25	CD
work_3ehybzpqvbdsjlegtnkdycupja	959	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	959	7	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	959	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	959	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	959	10	2005–2039	2005–2039	CD
work_3ehybzpqvbdsjlegtnkdycupja	959	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	960	1	Nimark	Nimark	NNP
work_3ehybzpqvbdsjlegtnkdycupja	960	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	960	3	K.	K.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	960	4	P.	P.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	960	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	960	6	2007	2007	CD
work_3ehybzpqvbdsjlegtnkdycupja	960	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	960	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	961	1	Dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	961	2	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	961	3	order	order	NN
work_3ehybzpqvbdsjlegtnkdycupja	961	4	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	961	5	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	962	1	Working	Working	NNP
work_3ehybzpqvbdsjlegtnkdycupja	962	2	Paper	Paper	NNP
work_3ehybzpqvbdsjlegtnkdycupja	962	3	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	963	1	52	52	CD
work_3ehybzpqvbdsjlegtnkdycupja	963	2	Ozdenoren	Ozdenoren	NNP
work_3ehybzpqvbdsjlegtnkdycupja	963	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	963	4	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	963	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	963	6	K.	K.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	963	7	Yuan	Yuan	NNP
work_3ehybzpqvbdsjlegtnkdycupja	963	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	963	9	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	963	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	963	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	964	1	Feedback	feedback	NN
work_3ehybzpqvbdsjlegtnkdycupja	964	2	effects	effect	NNS
work_3ehybzpqvbdsjlegtnkdycupja	964	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	964	4	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	964	5	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	964	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	965	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	965	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	965	3	Fi-	Fi-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	965	4	nance	nance	NN
work_3ehybzpqvbdsjlegtnkdycupja	965	5	63	63	CD
work_3ehybzpqvbdsjlegtnkdycupja	965	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	965	7	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	965	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	965	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	965	10	1939–1975	1939–1975	CD
work_3ehybzpqvbdsjlegtnkdycupja	965	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	966	1	Pagano	Pagano	NNP
work_3ehybzpqvbdsjlegtnkdycupja	966	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	966	3	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	966	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	966	5	1989	1989	CD
work_3ehybzpqvbdsjlegtnkdycupja	966	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	966	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	967	1	Endogenous	endogenous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	967	2	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	967	3	thinness	thinness	NN
work_3ehybzpqvbdsjlegtnkdycupja	967	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	967	5	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	967	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	967	7	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	967	8	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	967	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	968	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	968	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	968	3	Economic	Economic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	968	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	968	5	56	56	CD
work_3ehybzpqvbdsjlegtnkdycupja	968	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	968	7	269–288	269–288	CD
work_3ehybzpqvbdsjlegtnkdycupja	968	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	969	1	Shin	Shin	NNP
work_3ehybzpqvbdsjlegtnkdycupja	969	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	969	3	H.	H.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	969	4	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	969	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	969	6	2010	2010	CD
work_3ehybzpqvbdsjlegtnkdycupja	969	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	969	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	970	1	Risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	970	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	970	3	Liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	970	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	971	1	Oxford	Oxford	NNP
work_3ehybzpqvbdsjlegtnkdycupja	971	2	University	University	NNP
work_3ehybzpqvbdsjlegtnkdycupja	971	3	Press	Press	NNP
work_3ehybzpqvbdsjlegtnkdycupja	971	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	972	1	Shleifer	Shleifer	NNP
work_3ehybzpqvbdsjlegtnkdycupja	972	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	972	3	A.	a.	NN
work_3ehybzpqvbdsjlegtnkdycupja	972	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	972	5	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	972	6	Vishny	Vishny	NNP
work_3ehybzpqvbdsjlegtnkdycupja	972	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	972	8	1990	1990	CD
work_3ehybzpqvbdsjlegtnkdycupja	972	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	972	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	973	1	Equilibrium	equilibrium	JJ
work_3ehybzpqvbdsjlegtnkdycupja	973	2	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	973	3	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	973	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	973	5	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	973	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	973	7	firms	firm	NNS
work_3ehybzpqvbdsjlegtnkdycupja	973	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	974	1	American	American	NNP
work_3ehybzpqvbdsjlegtnkdycupja	974	2	Economic	Economic	NNP
work_3ehybzpqvbdsjlegtnkdycupja	974	3	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	974	4	80	80	CD
work_3ehybzpqvbdsjlegtnkdycupja	974	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	974	6	148–153	148–153	CD
work_3ehybzpqvbdsjlegtnkdycupja	974	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	975	1	Singleton	Singleton	NNP
work_3ehybzpqvbdsjlegtnkdycupja	975	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	975	3	K.	K.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	975	4	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	976	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	976	2	1987	1987	CD
work_3ehybzpqvbdsjlegtnkdycupja	976	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	976	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	977	1	Asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	977	2	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	977	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	977	4	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	977	5	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	977	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	977	7	series	series	NN
work_3ehybzpqvbdsjlegtnkdycupja	977	8	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	977	9	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	977	10	disparately	disparately	RB
work_3ehybzpqvbdsjlegtnkdycupja	977	11	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	977	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	977	13	competitive	competitive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	977	14	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	977	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	978	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	978	2	W.	W.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	978	3	Barnett	Barnett	NNP
work_3ehybzpqvbdsjlegtnkdycupja	978	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	978	5	K.	K.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	978	6	Singleton	Singleton	NNP
work_3ehybzpqvbdsjlegtnkdycupja	978	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	978	8	Eds	Eds	NNP
work_3ehybzpqvbdsjlegtnkdycupja	978	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	979	1	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	979	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	979	3	New	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	979	4	approaches	approach	NNS
work_3ehybzpqvbdsjlegtnkdycupja	979	5	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	979	6	monetary	monetary	JJ
work_3ehybzpqvbdsjlegtnkdycupja	979	7	economics	economic	NNS
work_3ehybzpqvbdsjlegtnkdycupja	979	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	980	1	Cambridge	Cambridge	NNP
work_3ehybzpqvbdsjlegtnkdycupja	980	2	University	University	NNP
work_3ehybzpqvbdsjlegtnkdycupja	980	3	Press	Press	NNP
work_3ehybzpqvbdsjlegtnkdycupja	980	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	980	5	Cambridge	Cambridge	NNP
work_3ehybzpqvbdsjlegtnkdycupja	980	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	981	1	Sirri	Sirri	NNP
work_3ehybzpqvbdsjlegtnkdycupja	981	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	981	3	E.	E.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	981	4	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	981	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	981	6	P.	P.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	981	7	Tufano	Tufano	NNP
work_3ehybzpqvbdsjlegtnkdycupja	981	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	981	9	1998	1998	CD
work_3ehybzpqvbdsjlegtnkdycupja	981	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	981	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	982	1	Costly	costly	JJ
work_3ehybzpqvbdsjlegtnkdycupja	982	2	search	search	NN
work_3ehybzpqvbdsjlegtnkdycupja	982	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	982	4	mutual	mutual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	982	5	fund	fund	NN
work_3ehybzpqvbdsjlegtnkdycupja	982	6	flows	flow	NNS
work_3ehybzpqvbdsjlegtnkdycupja	982	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	983	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	983	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	983	3	Finance	Finance	NNP
work_3ehybzpqvbdsjlegtnkdycupja	983	4	53	53	CD
work_3ehybzpqvbdsjlegtnkdycupja	983	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	983	6	1589–1622	1589–1622	CD
work_3ehybzpqvbdsjlegtnkdycupja	983	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	984	1	Spiegel	Spiegel	NNP
work_3ehybzpqvbdsjlegtnkdycupja	984	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	984	3	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	984	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	984	5	1998	1998	CD
work_3ehybzpqvbdsjlegtnkdycupja	984	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	984	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	985	1	Stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	985	2	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	985	3	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	985	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	985	5	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	985	6	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	985	7	security	security	NN
work_3ehybzpqvbdsjlegtnkdycupja	985	8	overlapping	overlap	VBG
work_3ehybzpqvbdsjlegtnkdycupja	985	9	generations	generation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	985	10	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	985	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	986	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	986	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	986	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	986	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	986	5	11	11	CD
work_3ehybzpqvbdsjlegtnkdycupja	986	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	986	7	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	986	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	986	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	986	10	419–447	419–447	CD
work_3ehybzpqvbdsjlegtnkdycupja	986	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	987	1	Van	Van	NNP
work_3ehybzpqvbdsjlegtnkdycupja	987	2	Ness	Ness	NNP
work_3ehybzpqvbdsjlegtnkdycupja	987	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	987	4	B.	B.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	987	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	987	6	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	987	7	A.	A.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	988	1	Van	Van	NNP
work_3ehybzpqvbdsjlegtnkdycupja	988	2	Ness	Ness	NNP
work_3ehybzpqvbdsjlegtnkdycupja	988	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	988	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	988	5	R.	R.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	988	6	S.	S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	988	7	Warr	Warr	NNP
work_3ehybzpqvbdsjlegtnkdycupja	988	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	988	9	2001	2001	CD
work_3ehybzpqvbdsjlegtnkdycupja	988	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	988	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	989	1	How	how	WRB
work_3ehybzpqvbdsjlegtnkdycupja	989	2	well	well	RB
work_3ehybzpqvbdsjlegtnkdycupja	989	3	do	do	VBP
work_3ehybzpqvbdsjlegtnkdycupja	989	4	adverse	adverse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	989	5	selection	selection	NN
work_3ehybzpqvbdsjlegtnkdycupja	989	6	components	component	NNS
work_3ehybzpqvbdsjlegtnkdycupja	989	7	measure	measure	VBP
work_3ehybzpqvbdsjlegtnkdycupja	989	8	adverse	adverse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	989	9	selection	selection	NN
work_3ehybzpqvbdsjlegtnkdycupja	989	10	?	?	.
work_3ehybzpqvbdsjlegtnkdycupja	990	1	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	990	2	Management	Management	NNP
work_3ehybzpqvbdsjlegtnkdycupja	990	3	30	30	CD
work_3ehybzpqvbdsjlegtnkdycupja	990	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	990	5	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	990	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	990	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	990	8	5–30	5–30	NNP
work_3ehybzpqvbdsjlegtnkdycupja	990	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	991	1	Vayanos	Vayanos	NNP
work_3ehybzpqvbdsjlegtnkdycupja	991	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	991	3	D.	D.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	991	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	991	5	P.	P.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	991	6	Woolley	Woolley	NNP
work_3ehybzpqvbdsjlegtnkdycupja	991	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	991	8	2013	2013	CD
work_3ehybzpqvbdsjlegtnkdycupja	991	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	991	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	992	1	An	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	992	2	institutional	institutional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	992	3	theory	theory	NN
work_3ehybzpqvbdsjlegtnkdycupja	992	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	992	5	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	992	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	992	7	reversal	reversal	NN
work_3ehybzpqvbdsjlegtnkdycupja	992	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	993	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	993	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	993	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	993	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	993	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	993	6	forthcoming	forthcoming	JJ
work_3ehybzpqvbdsjlegtnkdycupja	993	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	993	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	994	1	Verardo	Verardo	NNP
work_3ehybzpqvbdsjlegtnkdycupja	994	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	994	3	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	994	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	994	5	2009	2009	CD
work_3ehybzpqvbdsjlegtnkdycupja	994	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	994	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	995	1	Heterogeneous	heterogeneous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	995	2	beliefs	belief	NNS
work_3ehybzpqvbdsjlegtnkdycupja	995	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	995	4	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	995	5	profits	profit	NNS
work_3ehybzpqvbdsjlegtnkdycupja	995	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	996	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	996	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	996	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	996	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	996	5	Quantitative	Quantitative	NNP
work_3ehybzpqvbdsjlegtnkdycupja	996	6	Analysis	Analysis	NNP
work_3ehybzpqvbdsjlegtnkdycupja	996	7	44	44	CD
work_3ehybzpqvbdsjlegtnkdycupja	996	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	996	9	04	04	CD
work_3ehybzpqvbdsjlegtnkdycupja	996	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	996	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	996	12	795–822	795–822	CD
work_3ehybzpqvbdsjlegtnkdycupja	996	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	997	1	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	997	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	997	3	X.	X.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	998	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	998	2	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	998	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	998	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	999	1	Short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	999	2	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	999	3	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	999	4	investment	investment	NN
work_3ehybzpqvbdsjlegtnkdycupja	999	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	999	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	999	7	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	999	8	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	999	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	999	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	999	11	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	999	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1000	1	Review	Review	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1000	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1000	3	Financial	Financial	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1000	4	Studies	Studies	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	1000	5	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	1000	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1000	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1000	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1000	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1000	10	125–160	125–160	CD
work_3ehybzpqvbdsjlegtnkdycupja	1000	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1001	1	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1001	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1001	3	X.	X.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1002	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1002	2	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	1002	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1002	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1003	1	Information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1003	2	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1003	3	Learning	learn	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1003	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1003	5	Markets	Markets	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	1003	6	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1003	7	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1003	8	Impact	Impact	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1003	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1003	10	Market	Market	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1003	11	Mi-	Mi-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1003	12	crostructure	crostructure	NN
work_3ehybzpqvbdsjlegtnkdycupja	1003	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1004	1	Princeton	Princeton	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1004	2	University	University	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1004	3	Press	Press	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1004	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1005	1	Wang	Wang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1005	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1005	3	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1006	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1006	2	1994	1994	CD
work_3ehybzpqvbdsjlegtnkdycupja	1006	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1006	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1007	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1007	2	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	1007	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1007	4	competitive	competitive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1007	5	stock	stock	NN
work_3ehybzpqvbdsjlegtnkdycupja	1007	6	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	1007	7	volume	volume	NN
work_3ehybzpqvbdsjlegtnkdycupja	1007	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1008	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1008	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1008	3	Political	Political	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1008	4	Economy	Economy	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1008	5	102	102	CD
work_3ehybzpqvbdsjlegtnkdycupja	1008	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1008	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1008	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1008	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1008	10	127–168	127–168	CD
work_3ehybzpqvbdsjlegtnkdycupja	1008	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1009	1	Watanabe	Watanabe	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1009	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1009	3	M.	M.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1009	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1009	5	2008	2008	CD
work_3ehybzpqvbdsjlegtnkdycupja	1009	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1009	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1010	1	Price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1010	2	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	1010	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1010	4	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	1010	5	behavior	behavior	NN
work_3ehybzpqvbdsjlegtnkdycupja	1010	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1010	7	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1010	8	overlapping	overlap	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1010	9	genera-	genera-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1010	10	tions	tion	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1010	11	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	1010	12	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1010	13	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1010	14	asymmetry	asymmetry	NN
work_3ehybzpqvbdsjlegtnkdycupja	1010	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1011	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1011	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1011	3	Finance	Finance	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1011	4	63	63	CD
work_3ehybzpqvbdsjlegtnkdycupja	1011	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1011	6	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1011	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1011	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1011	9	229–272	229–272	CD
work_3ehybzpqvbdsjlegtnkdycupja	1011	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1012	1	Yuan	Yuan	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1012	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1012	3	K.	K.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1012	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1012	5	2005	2005	CD
work_3ehybzpqvbdsjlegtnkdycupja	1012	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1012	7	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1013	1	Asymmetric	asymmetric	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1013	2	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1013	3	movements	movement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1013	4	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1013	5	borrowing	borrow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1013	6	constraints	constraint	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1013	7	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1013	8	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1013	9	ratio-	ratio-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1013	10	nal	nal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1013	11	expectations	expectation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1013	12	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1013	13	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	1013	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1013	15	crises	crisis	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1013	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1013	17	contagion	contagion	NN
work_3ehybzpqvbdsjlegtnkdycupja	1013	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1013	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1013	20	confusion	confusion	NN
work_3ehybzpqvbdsjlegtnkdycupja	1013	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1014	1	Journal	Journal	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1014	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1014	3	Finance	Finance	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1014	4	60	60	CD
work_3ehybzpqvbdsjlegtnkdycupja	1014	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1014	6	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1014	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1014	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1014	9	379–411	379–411	CD
work_3ehybzpqvbdsjlegtnkdycupja	1014	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1015	1	53	53	CD
work_3ehybzpqvbdsjlegtnkdycupja	1015	2	Zhang	Zhang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1015	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1015	4	J.	J.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1016	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1016	2	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	1016	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1016	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1017	1	Learning	learn	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1017	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1017	3	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1017	4	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1017	5	horizons	horizon	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1017	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1017	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1017	8	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	1017	9	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	1017	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1018	1	Yale	Yale	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1018	2	Working	Working	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1018	3	Paper	Paper	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1018	4	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1019	1	54	54	CD
work_3ehybzpqvbdsjlegtnkdycupja	1019	2	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1019	3	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1019	4	Proof	Proof	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1019	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1019	6	Proposition	Proposition	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1019	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1019	8	To	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1019	9	prove	prove	VB
work_3ehybzpqvbdsjlegtnkdycupja	1019	10	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1019	11	argument	argument	NN
work_3ehybzpqvbdsjlegtnkdycupja	1019	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1019	13	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1019	14	proceed	proceed	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1019	15	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1019	16	backwards	backwards	IN
work_3ehybzpqvbdsjlegtnkdycupja	1019	17	induction	induction	NN
work_3ehybzpqvbdsjlegtnkdycupja	1019	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1020	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1020	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1020	3	last	last	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1020	4	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	5	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	6	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1020	7	act	act	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1020	8	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1020	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1020	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1020	11	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1020	12	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	13	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1020	14	owing	owing	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	15	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1020	16	CARA	CARA	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1020	18	normality	normality	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	19	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1020	20	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1020	21	X2(si	X2(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1020	23	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1020	25	z1,z2	z1,z2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	27	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1020	28	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	29	Ei2[v	ei2[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	30	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	31	−p2	−p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	32	Vari2[v	Vari2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	33	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1020	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	36	A.1	A.1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	38	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1020	39	denoting	denoting	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	40	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1020	41	Ē2[v	Ē2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	42	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	43	≡	≡	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1020	44	∫	∫	:
work_3ehybzpqvbdsjlegtnkdycupja	1020	45	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1020	46	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1020	47	Ei2[v	ei2[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	48	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	49	di	di	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	50	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1020	51	p2	p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	52	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1020	53	Ē2[v	ē2[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	54	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	55	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1020	56	Vari2[v	Vari2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	57	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	58	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	59	θ2	θ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	60	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1020	61	αP2	αP2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	62	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	63	v	v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	64	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1020	65	θ2	θ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	66	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	67	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	68	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1020	69	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	70	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1020	71	−αP2	−αp2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	72	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	73	E2[v	e2[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	74	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	75	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1020	76	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	77	A.2	a.2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	78	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	79	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1020	80	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	81	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1020	82	γτε	γτε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	83	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	84	A.3a	A.3a	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	85	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1020	86	αP2	αP2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1020	87	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1020	88	αE2	αe2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1020	89	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1021	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	2	A.3b	A.3b	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	4	Rearranging	Rearranging	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	6	A.2	A.2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1021	9	obtain	obtain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1021	10	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	11	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1021	12	αP2	αp2	XX
work_3ehybzpqvbdsjlegtnkdycupja	1021	13	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	15	a2v	a2v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	16	−βa1v	−βa1v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	17	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1021	18	βa1v	βa1v	XX
work_3ehybzpqvbdsjlegtnkdycupja	1021	19	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1021	20	θ2	θ2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	22	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1021	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	24	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1021	25	−αP2	−αp2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	27	E2[v	e2[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	28	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	29	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1021	30			NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	31	αP2a2	αp2a2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	32	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1021	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	34	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1021	35	−αP2	−αP2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1021	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	37	∆a2τuτ2︸	∆a2τuτ2︸	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	38	︷︷	︷︷	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	39	︸	︸	VBD
work_3ehybzpqvbdsjlegtnkdycupja	1021	40	λ2	λ2	IN
work_3ehybzpqvbdsjlegtnkdycupja	1021	41			CD
work_3ehybzpqvbdsjlegtnkdycupja	1021	42	z2	z2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	43	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1021	44	τητi2sP	τητi2sp	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	45	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1021	46	γτ1E1[v	γτ1E1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	47	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	48	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1021	49	βz1γτi2	βz1γτi2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	50	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1021	51	λ2z2	λ2z2	UH
work_3ehybzpqvbdsjlegtnkdycupja	1021	52	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1021	53	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	54	τi2	τi2	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1021	55	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	56	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1021	57	βαP2	βαP2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1021	58	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	59	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	60	+	+	FW
work_3ehybzpqvbdsjlegtnkdycupja	1021	61	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	62	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1021	63	−αP2	−αP2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	64	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	65	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	66	τ2	τ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1021	67	E1[v	e1[v	FW
work_3ehybzpqvbdsjlegtnkdycupja	1021	68	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	69	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1021	70	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	71	A.4	a.4	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	72	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1021	73	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1021	74	provides	provide	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1021	75	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1021	76	alternative	alternative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1021	77	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	78	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1021	79	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	80	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1021	81	separates	separate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1021	82	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1021	83	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	84	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1021	85	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1021	86	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	87	“	"	``
work_3ehybzpqvbdsjlegtnkdycupja	1021	88	news	news	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	89	”	"	''
work_3ehybzpqvbdsjlegtnkdycupja	1021	90	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1021	91	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1021	92	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	93	contained	contain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1021	94	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1021	95	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1021	96	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1021	97	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	98	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	99	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1021	100	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1021	101	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1021	102	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1021	103	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1022	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1022	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1022	3	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1022	4	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1022	5	owing	owe	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1022	6	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1022	7	CARA	CARA	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1022	9	normality	normality	NN
work_3ehybzpqvbdsjlegtnkdycupja	1022	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1022	11	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1022	12	agent	agent	NN
work_3ehybzpqvbdsjlegtnkdycupja	1022	13	i	i	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1022	14	trades	trade	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1022	15	according	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1022	16	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1022	17	X1(si	X1(si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1022	19	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	21	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1022	22	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	23	Ei1[p2	Ei1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	24	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	25	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	26	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	27	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1022	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	30	A.5	A.5	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	32	55	55	CD
work_3ehybzpqvbdsjlegtnkdycupja	1022	33	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1022	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1022	35	using	use	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1022	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	37	A.4	A.4	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1022	40	Ei1[p2	Ei1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	41	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	42	=	=	FW
work_3ehybzpqvbdsjlegtnkdycupja	1022	43	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	44	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	45	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1022	46	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1022	47	τi2	τi2	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1022	48	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	49	Ei1[v	ei1[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1022	50	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	51	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1022	52	γτ1E1[v	γτ1E1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	53	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	54	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1022	55	βz1	βz1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	56	γτi2	γτi2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	57	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1022	58	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	59	A.6	A.6	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	60	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	61	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	62	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	63	=	=	FW
work_3ehybzpqvbdsjlegtnkdycupja	1022	64	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	65	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	66	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1022	67	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1022	68	τi2	τi2	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1022	69	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1022	70	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1022	71	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1022	72	τi1	τi1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1022	73	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1022	74	λ22	λ22	NN
work_3ehybzpqvbdsjlegtnkdycupja	1022	75	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	76	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1022	77	τη	τη	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	78	τ2i2	τ2i2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1022	79	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1023	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	2	A.7	A.7	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	4	Replacing	replace	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1023	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	6	A.6	A.6	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1023	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	10	A.7	A.7	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1023	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	14	A.5	A.5	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	16	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1023	17	X1(si	x1(si	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1023	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1023	19	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	21	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1023	22	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	24	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	25	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	26	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1023	27	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1023	28	τi2)Ei1[v	τi2)Ei1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	29	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	30	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	31	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	32	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1023	33	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	34	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	35	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	37	βαP2	βαP2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	38	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	39	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	40	+	+	FW
work_3ehybzpqvbdsjlegtnkdycupja	1023	41	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	42	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1023	43	−αP2	−αP2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	45	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	46	τ2	τ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	47	E1[v	E1[v	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1023	48	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	49	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	50	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	51	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	52	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	53	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	54	p1	p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	55	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1023	56	a1si	a1si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	57	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1023	58	a1τ1	a1τ1	IN
work_3ehybzpqvbdsjlegtnkdycupja	1023	59	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	60	E1[v	e1[v	FW
work_3ehybzpqvbdsjlegtnkdycupja	1023	61	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	62	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1023	63	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	64	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	65	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	66	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	67	βαP2	βαP2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	68	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	69	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	70	+	+	FW
work_3ehybzpqvbdsjlegtnkdycupja	1023	71	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	72	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1023	73	−αP2	−αP2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	74	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	75	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	76	τ2	τ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	77	E1[v	E1[v	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1023	78	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	79	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	80	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	81	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	82	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	83	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	84	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1023	85	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1023	86	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1023	87	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	88	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1023	89	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	90	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	91	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	92	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	93	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1023	94	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1023	95	τi2)αE1	τi2)αE1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1023	96	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1023	97	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	98	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1023	99	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1023	100	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1023	101	τi2)2	τi2)2	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1023	102	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1023	103	τi1	τi1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1023	104	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1023	105	λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1023	106	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1023	107	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1023	108	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1023	109	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1023	110	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1023	111	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1023	112	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1023	113	τ	τ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1023	114	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1023	115	i2	i2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1023	116	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1024	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1024	2	A.8	A.8	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1024	4	Imposing	impose	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1024	5	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1024	6	clearing	clearing	NN
work_3ehybzpqvbdsjlegtnkdycupja	1024	7	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1024	8	x1	x1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1024	9	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1024	10	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1024	11	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1024	12	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1024	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1024	14	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1024	15	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1024	16	a1v	a1v	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1024	17	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1024	18	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1024	19	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1024	20	a1τ1	a1τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	21	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	22	E1[v	e1[v	FW
work_3ehybzpqvbdsjlegtnkdycupja	1024	23	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1024	24	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1024	25	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	26	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	27	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1024	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1024	29	βαP2	βαP2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	30	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	31	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	32	+	+	FW
work_3ehybzpqvbdsjlegtnkdycupja	1024	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1024	34	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1024	35	−αP2	−αP2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1024	37	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	38	τ2	τ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	39	E1[v	e1[v	FW
work_3ehybzpqvbdsjlegtnkdycupja	1024	40	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1024	41	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1024	42	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1024	43	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	44	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1024	45	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1024	46	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1024	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1025	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	1025	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1025	3	solving	solve	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1025	4	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1025	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1025	6	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1025	7	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1025	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1025	9	collecting	collect	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1025	10	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1025	11	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1025	12	p1	p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1025	13	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1025	14	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1025	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1025	16	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1025	17	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1025	18	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1025	19	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1025	20	βαP2	βαP2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1025	21	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1025	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1025	23	︸	︸	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1025	24	︷︷	︷︷	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1025	25	︸	︸	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1025	26	αP1	αP1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1025	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1025	28	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1025	29	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1025	30	θ1	θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1025	31	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1025	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1025	33	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1025	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1025	35	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1025	36	−αP1	−αP1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1025	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1025	38	E1[v	E1[v	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1025	39	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1025	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1026	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1026	2	A.9	A.9	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1026	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1026	4	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1026	5	Proof	Proof	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1026	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1026	7	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1026	8	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1026	9	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1026	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1026	11	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1026	12	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1026	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1026	14	rearranging	rearrange	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1026	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1026	16	A.2	A.2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1026	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1026	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1026	19	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1026	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1026	21	E2[v	e2[v	UH
work_3ehybzpqvbdsjlegtnkdycupja	1026	22	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1026	23	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1026	24	Λ2E2[θ2	Λ2E2[θ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1026	25	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1026	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1026	27	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1026	28	Λ2	Λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1026	29	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1026	30	Vari2[v]/γ	vari2[v]/γ	CD
work_3ehybzpqvbdsjlegtnkdycupja	1026	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1027	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1027	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1027	3	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1027	4	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1027	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1027	6	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1027	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1027	8	A.9	A.9	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1027	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1027	10	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1027	11	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1027	12	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1027	13	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1027	14	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1027	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1027	16	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1027	17	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1027	18	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1027	19	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1027	20	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1027	21	Vari2[v	Vari2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1027	22	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1027	23	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1027	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1027	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1028	1	By	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1028	2	definition	definition	NN
work_3ehybzpqvbdsjlegtnkdycupja	1028	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1028	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1028	5	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	1028	6	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	1028	7	obtained	obtain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1028	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1028	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1028	10	13	13	CD
work_3ehybzpqvbdsjlegtnkdycupja	1028	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1028	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1028	13	Λ1	λ1	UH
work_3ehybzpqvbdsjlegtnkdycupja	1028	14	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1028	15	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1028	16	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1028	17	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1028	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1029	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1029	2	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1029	3	Λ1	Λ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1029	4	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1029	5	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1029	6	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1029	7	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1029	8	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1029	9	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1029	10	Vari2[v	Vari2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1029	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1029	12	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1029	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1030	1	56	56	CD
work_3ehybzpqvbdsjlegtnkdycupja	1030	2	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1030	3	Proof	Proof	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1030	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1030	5	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1030	6	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1030	7	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1030	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1030	9	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1030	10	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1030	11	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1030	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1030	13	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	1030	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1030	15	A.4	a.4	NN
work_3ehybzpqvbdsjlegtnkdycupja	1030	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1030	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1031	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1031	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1031	3	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1031	4	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1031	5	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1031	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1031	7	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1031	8	rearrange	rearrange	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1031	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1031	10	A.9	A.9	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1031	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1031	12	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1031	13	obtain	obtain	VB
work_3ehybzpqvbdsjlegtnkdycupja	1031	14	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1031	15	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1031	16			NNP
work_3ehybzpqvbdsjlegtnkdycupja	1031	17	αP1a1	αp1a1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1031	18	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1031	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1031	20	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1031	21	−αP1	−αp1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1031	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1031	23	a1τuτ1︸	a1τuτ1︸	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1031	24	︷︷	︷︷	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1031	25	︸	︸	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1031	26	λ1	λ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1031	27			CD
work_3ehybzpqvbdsjlegtnkdycupja	1031	28	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1031	29	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1031	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1031	31	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1031	32	−αP1	−αP1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1031	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1031	34	τvτ1	τvτ1	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1031	35	v̄.	v̄.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1032	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1032	2	A.10	a.10	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1032	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1032	4	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1032	5	Proof	Proof	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1032	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1032	7	Proposition	Proposition	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1032	8	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1032	9	To	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1032	10	prove	prove	VB
work_3ehybzpqvbdsjlegtnkdycupja	1032	11	existence	existence	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	12	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1032	13	suffices	suffice	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1032	14	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1032	15	note	note	VB
work_3ehybzpqvbdsjlegtnkdycupja	1032	16	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1032	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1032	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1032	19	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1032	20	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1032	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1032	23	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	24	responsiveness	responsiveness	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	25	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1032	26	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1032	27	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	28	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1032	29	defined	define	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1032	30	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1032	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1032	32	fixed	fix	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1032	33	points	point	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1032	34	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1032	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1032	36	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1032	37	function	function	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	38	ψ(a1	ψ(a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1032	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1032	40	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1032	41	γ	γ	FW
work_3ehybzpqvbdsjlegtnkdycupja	1032	42	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1032	43	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1032	44	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1032	45	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	46	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1032	47	τi2)αE1	τi2)αE1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1032	48	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1032	49	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1032	50	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1032	51	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	52	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1032	53	τi2)2	τi2)2	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1032	54	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1032	55	τi1	τi1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	56	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1032	57	λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	58	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1032	59	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1032	60	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1032	61	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1032	62	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1032	63	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	64	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1032	65	τ	τ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	66	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1032	67	i2	i2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1032	68	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1033	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1033	2	A.11	a.11	LS
work_3ehybzpqvbdsjlegtnkdycupja	1033	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1033	4	By	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1033	5	inspection	inspection	NN
work_3ehybzpqvbdsjlegtnkdycupja	1033	6	φ(a1	φ(a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1033	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1033	8	≡	≡	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1033	9	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1033	10	−ψ(a1	−ψ(a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1033	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1033	12	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1033	13	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1033	14	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1033	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1033	16	quintic	quintic	NN
work_3ehybzpqvbdsjlegtnkdycupja	1033	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1033	18	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1033	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1033	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1033	21	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	1033	22	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	1033	23	possesses	possess	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1033	24	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1033	25	real	real	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1033	26	root	root	NN
work_3ehybzpqvbdsjlegtnkdycupja	1033	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1034	1	Note	note	VB
work_3ehybzpqvbdsjlegtnkdycupja	1034	2	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1034	3	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1034	4	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1034	5	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1034	6	>	>	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1034	7	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1034	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1034	9	otherwise	otherwise	RB
work_3ehybzpqvbdsjlegtnkdycupja	1034	10	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1034	11	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1034	12	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1034	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1034	14	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1034	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1034	16	view	view	NN
work_3ehybzpqvbdsjlegtnkdycupja	1034	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1034	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1034	19	A.11	a.11	NN
work_3ehybzpqvbdsjlegtnkdycupja	1034	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1034	21	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1034	22	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1034	23	contradiction	contradiction	NN
work_3ehybzpqvbdsjlegtnkdycupja	1034	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1035	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	1035	2	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1035	3	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1035	4	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1035	5	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1035	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1036	1	To	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1036	2	prove	prove	VB
work_3ehybzpqvbdsjlegtnkdycupja	1036	3	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1036	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1036	5	proceed	proceed	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1036	6	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1036	7	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1036	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1037	1	Note	note	VB
work_3ehybzpqvbdsjlegtnkdycupja	1037	2	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1037	3	φ(0	φ(0	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1037	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1037	5	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1037	6	−γ2τετu(a2	−γ2τετu(a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1037	7	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1037	8	γ(τη	γ(τη	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1037	9	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1037	10	a22τu))(τε	a22τu))(τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1037	11	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1037	12	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1037	13	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1037	14	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1037	15	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1037	16	2τu	2τu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1037	17	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1037	18	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1037	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1037	20	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1037	21	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1037	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1037	23	A.12a	a.12a	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1037	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1037	25	φ(a2	φ(a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1037	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1037	27	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1037	28	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1037	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1038	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1038	2	A.12b	A.12b	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1038	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1038	4	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	1038	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1038	6	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	1038	7	exists	exist	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1038	8	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1038	9	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1038	10	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1038	11	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1038	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1038	13	0,a2	0,a2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1038	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1038	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1039	1	Next	next	RB
work_3ehybzpqvbdsjlegtnkdycupja	1039	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1039	3	evaluating	evaluate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1039	4	φ	φ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1039	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	6	·	·	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1039	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	8	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1039	9	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1039	10	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1039	11	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	12	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1039	13	γτua2	γτua2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1039	14	γβτu	γβτu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1039	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1039	16	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1039	17	φ	φ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1039	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	19	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	20	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1039	21	γτua2	γτua2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1039	22	γβτu	γβτu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1039	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	24	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1039	25	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1039	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1039	27	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	1039	28	evaluating	evaluate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1039	29	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1039	30	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1039	31	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1039	32	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1039	33	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	34	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1039	35	3γτua2	3γτua2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	36	2γβτu	2γβτu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1039	38	57	57	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	39	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1039	40	φ	φ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1039	41	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	42	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	43	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1039	44	3γτua2	3γτua2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	45	2γβτu	2γβτu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	46	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	47	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1039	48	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1039	49	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1039	50	provided	provide	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1039	51	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1039	52	>	>	NN
work_3ehybzpqvbdsjlegtnkdycupja	1039	53	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	54	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	55	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	56	A.13a	a.13a	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1039	57	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	58	γ2τετu	γ2τετu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1039	59	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1039	60	2(2β	2(2β	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	61	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1039	62	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	63	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	64	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	65	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1039	66	2β	2β	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	67	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	68	A.13b	a.13b	NN
work_3ehybzpqvbdsjlegtnkdycupja	1039	69	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	70	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1039	71	≤	≤	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1039	72	τ̂η	τ̂η	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1039	73	≡	≡	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1039	74	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	75	1/4β	1/4β	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1039	76	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1039	77	3/8)γa32τ2u	3/8)γa32τ2u	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	78	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1039	79	1/2a22τu(β	1/2a22τu(β	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	80	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1039	81	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	82	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	83	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1039	84	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1039	85	γa2τu(3/2	γa2τu(3/2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1039	86	−β	−β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1039	87	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1039	88	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1040	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1040	2	A.13c	a.13c	LS
work_3ehybzpqvbdsjlegtnkdycupja	1040	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1040	4	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	1040	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1040	6	provided	provide	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1040	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1040	8	A.13a	a.13a	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1040	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1040	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1040	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1040	12	A.13b	a.13b	NN
work_3ehybzpqvbdsjlegtnkdycupja	1040	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1040	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1040	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1040	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1040	17	A.13c	a.13c	FW
work_3ehybzpqvbdsjlegtnkdycupja	1040	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1040	19	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1040	20	satisfied	satisfied	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1040	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1040	22	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1040	23	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1040	24	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1040	25	a∗∗1	a∗∗1	''
work_3ehybzpqvbdsjlegtnkdycupja	1040	26	exists	exist	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1040	27	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1040	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1040	29	interval	interval	NN
work_3ehybzpqvbdsjlegtnkdycupja	1040	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1040	31	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1040	32	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1040	33	γτua2	γτua2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1040	34	γβτu	γβτu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1040	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1040	36	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1040	37	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1040	38	3γτua2	3γτua2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1040	39	2γβτu	2γβτu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1040	40	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1040	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1041	1	Given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1041	2	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1041	3	φ	φ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1041	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1041	5	·	·	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1041	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1041	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1041	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1041	9	quintic	quintic	NN
work_3ehybzpqvbdsjlegtnkdycupja	1041	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1041	11	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1041	12	must	must	MD
work_3ehybzpqvbdsjlegtnkdycupja	1041	13	have	have	VB
work_3ehybzpqvbdsjlegtnkdycupja	1041	14	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1041	15	odd	odd	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1041	16	number	number	NN
work_3ehybzpqvbdsjlegtnkdycupja	1041	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1041	18	roots	root	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1041	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1041	20	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1041	21	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1041	22	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1041	23	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1041	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1041	25	A.13a	a.13a	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1041	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1041	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1041	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1041	29	A.13b	a.13b	NN
work_3ehybzpqvbdsjlegtnkdycupja	1041	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1041	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1041	32	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1041	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1041	34	A.13c	a.13c	FW
work_3ehybzpqvbdsjlegtnkdycupja	1041	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1041	36	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1041	37	satisfied	satisfied	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1041	38	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1041	39	least	least	RBS
work_3ehybzpqvbdsjlegtnkdycupja	1041	40	another	another	DT
work_3ehybzpqvbdsjlegtnkdycupja	1041	41	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1041	42	a∗∗∗1	a∗∗∗1	RB
work_3ehybzpqvbdsjlegtnkdycupja	1041	43	must	must	MD
work_3ehybzpqvbdsjlegtnkdycupja	1041	44	exist	exist	VB
work_3ehybzpqvbdsjlegtnkdycupja	1041	45	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1041	46	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1041	47	interval	interval	NN
work_3ehybzpqvbdsjlegtnkdycupja	1041	48	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1041	49	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1041	50	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1041	51	3γτua2	3γτua2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1041	52	2γβτu	2γβτu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1041	53	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1041	54	∞	∞	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1041	55	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1041	56	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1042	1	Given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1042	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1042	3	location	location	NN
work_3ehybzpqvbdsjlegtnkdycupja	1042	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1042	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1042	6	roots	root	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1042	7	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1042	8	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	1042	9	conclude	conclude	VB
work_3ehybzpqvbdsjlegtnkdycupja	1042	10	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1042	11	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1042	12	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1042	13	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1042	14	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1042	15	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1042	16	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1042	17	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1042	18	∗∗	∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1042	19	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1042	20	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1042	21	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1042	22	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1042	23	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1042	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1043	1	Further-	Further-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1043	2	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	1043	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1043	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1043	5	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1043	6	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1043	7	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1043	8	γτu∆a2	γτu∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1043	9	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1043	10			NN
work_3ehybzpqvbdsjlegtnkdycupja	1043	11			XX
work_3ehybzpqvbdsjlegtnkdycupja	1043	12	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1043	13	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1043	14	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1043	15	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1043	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1043	17	a	a	FW
work_3ehybzpqvbdsjlegtnkdycupja	1043	18	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1043	19	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1043	20	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1043	21	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1043	22	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1043	23	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1043	24	∈{a∗∗1	∈{a∗∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1043	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1043	26	a∗∗∗1	a∗∗∗1	LS
work_3ehybzpqvbdsjlegtnkdycupja	1043	27	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1043	28	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1043	29	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1043	30	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1043	31	λ∗2	λ∗2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1043	32	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1043	33	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1043	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1043	35	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	1043	36	λ	λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1043	37	∗∗	∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1043	38	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1043	39	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1043	40	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1043	41	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1043	42	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1043	43	λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1043	44	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1043	45	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1043	46	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1043	47	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1043	48	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1044	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	1044	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1044	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1044	4	prove	prove	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1044	5	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	1044	6	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1044	7	informativeness	informativeness	NN
work_3ehybzpqvbdsjlegtnkdycupja	1044	8	increases	increase	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1044	9	across	across	IN
work_3ehybzpqvbdsjlegtnkdycupja	1044	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1044	11	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	1044	12	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1044	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1045	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1045	2	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1045	3	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1045	4	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1045	5	immediate	immediate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1045	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1045	7	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	1045	8	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1045	9	increases	increase	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1045	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1045	11	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1045	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1046	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1046	2	τ2	τ2	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1046	3	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1046	4	one	one	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1046	5	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	1046	6	verify	verify	VB
work_3ehybzpqvbdsjlegtnkdycupja	1046	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1046	8	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1046	9	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1046	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1046	11	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1046	12	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1046	13	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1046	14	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1046	15	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1046	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1046	17	∗∗	∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1046	18	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1046	19	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1046	20	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1046	21	τ	τ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1046	22	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1046	23	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1046	24	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1046	25	τ	τ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1046	26	∗∗	∗∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1046	27	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1046	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1047	1	Furthermore	furthermore	RB
work_3ehybzpqvbdsjlegtnkdycupja	1047	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1047	3	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1047	4	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1047	5	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1047	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1047	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1047	8	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1047	9	γτua2)/(γβτu	γτua2)/(γβτu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1047	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1047	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1047	12	∂τ2	∂τ2	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1047	13	∂a1	∂a1	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1047	14	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1047	15	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1047	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1047	17	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1047	18	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1047	19	τ∗∗2	τ∗∗2	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1047	20	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1047	21	τ	τ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1047	22	∗∗∗	∗∗∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1047	23	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1047	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1048	1	58	58	CD
work_3ehybzpqvbdsjlegtnkdycupja	1048	2	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	1048	3	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	1048	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1048	5	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	1048	6	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1048	7	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1048	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1049	1	Then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	1049	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1049	3	φ	φ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	5	·	·	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1049	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	7	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1049	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1049	9	cubic	cubic	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1049	11	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1049	12	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1049	13	φ(a1	φ(a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1049	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	15	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1049	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1049	17	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	18	1τu((1	1τu((1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	19	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1049	20	γa2τu	γa2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1049	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	22	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	23	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1049	24	γ2τuτν	γ2τuτν	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1049	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	26	−a21γ	−a21γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1049	27	2a2τ	2a2τ	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	28	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	29	u(a	u(a	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	30	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	31	2τu	2τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	32	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1049	33	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	34	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1049	35	τν	τν	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	37	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	38	A.14	a.14	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	40	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1049	41	a1(3a2τu(a2(1	a1(3a2τu(a2(1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1049	42	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1049	43	γa2τu	γa2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1049	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	45	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1049	46	γτν	γτν	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	48	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1049	49	τv((1	τv((1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	50	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1049	51	γa2τu	γa2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1049	52	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	53	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	54	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1049	55	γ2τντv	γ2τντv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1049	56	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	57	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1049	58	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	59	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1049	60	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1049	61	2τu(τν	2τu(τν	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	62	+	+	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	63	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1049	64	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	65	2τu	2τu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	66	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	67	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	68	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	69	−γ2a2τu(a22τu	−γ2a2τu(a22τu	.
work_3ehybzpqvbdsjlegtnkdycupja	1049	70	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1049	71	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	72	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1049	73	τν)(τv	τν)(τv	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	74	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1049	75	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1049	76	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1049	77	2τu	2τu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	78	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1049	79	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	80	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1049	81	τν	τν	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	82	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1049	83	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1049	84	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1049	85	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1049	86	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1049	87	discriminant	discriminant	NN
work_3ehybzpqvbdsjlegtnkdycupja	1049	88	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1050	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1050	2	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1050	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1050	4	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1050	5	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1050	6	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1050	7	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1050	8	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	1050	9	exists	exist	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1050	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1050	11	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1050	12	equilib-	equilib-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1050	13	rium	rium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1050	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1050	15	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1050	16	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1050	17	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1050	18	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1050	19	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1050	20	responsiveness	responsiveness	NN
work_3ehybzpqvbdsjlegtnkdycupja	1050	21	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1050	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1051	1	To	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1051	2	locate	locate	VB
work_3ehybzpqvbdsjlegtnkdycupja	1051	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1051	4	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1051	6	note	note	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1051	7	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1051	8	φ	φ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1051	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	10	γ2a2τu(a	γ2a2τu(a	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1051	11	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	12	2τu	2τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	13	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1051	14	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	15	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1051	16	τν	τν	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	18	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	19	+	+	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	20	γ2τu(a	γ2τu(a	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	21	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	22	2τu	2τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	23	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1051	24	2τε	2τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	25	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1051	26	τν	τν	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	29	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1051	30	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1051	31	γ2a2τντu(a	γ2a2τντu(a	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1051	32	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	33	2τu	2τu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	34	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1051	35	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	36	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1051	37	τν	τν	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	39	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	40	+	+	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	41	γ2τu(a	γ2τu(a	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	42	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	43	2τu	2τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	44	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1051	45	2τε	2τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	46	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1051	47	τν	τν	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	48	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	49	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1051	50	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1051	51	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	52	A.15a	a.15a	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1051	53	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	54	φ(a2	φ(a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1051	55	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	56	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1051	57	a2(τv	a2(τv	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	58	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1051	59	τε(1	τε(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	60	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1051	61	γ	γ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1051	62	2τu(τν	2τu(τν	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	63	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1051	64	τε(3	τε(3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	65	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1051	66	2γa2τu	2γa2τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1051	67	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	68	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1051	69	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1051	70	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	71	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	72	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1051	73	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1051	74	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1051	75	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1052	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1052	2	A.15b	a.15b	LS
work_3ehybzpqvbdsjlegtnkdycupja	1052	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1052	4	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	1052	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1052	6	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1052	7	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1052	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1052	9	γ2a2τu(a	γ2a2τu(a	NN
work_3ehybzpqvbdsjlegtnkdycupja	1052	10	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1052	11	2τu	2τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1052	12	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1052	13	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1052	14	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1052	15	τν	τν	NN
work_3ehybzpqvbdsjlegtnkdycupja	1052	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1052	17	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1052	18	+	+	CD
work_3ehybzpqvbdsjlegtnkdycupja	1052	19	γ2τu(a	γ2τu(a	NN
work_3ehybzpqvbdsjlegtnkdycupja	1052	20	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1052	21	2τu	2τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1052	22	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1052	23	2τε	2τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1052	24	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1052	25	τν	τν	NN
work_3ehybzpqvbdsjlegtnkdycupja	1052	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1052	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1052	28	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1052	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1052	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1053	1	Furthermore	furthermore	RB
work_3ehybzpqvbdsjlegtnkdycupja	1053	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1053	3	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	1053	4	ψ′(a1	ψ′(a1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1053	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1053	6	∝	∝	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1053	7	2a1τu(γ2a2τu(a22τu	2a1τu(γ2a2τu(a22τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1053	8	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1053	9	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1053	10	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1053	11	τν	τν	NN
work_3ehybzpqvbdsjlegtnkdycupja	1053	12	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1053	13	−a1(1	−a1(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1053	14	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1053	15	γ	γ	IN
work_3ehybzpqvbdsjlegtnkdycupja	1053	16	2τu(a	2τu(a	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1053	17	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1053	18	2τu	2τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1053	19	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1053	20	2τε	2τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1053	21	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1053	22	τν	τν	NN
work_3ehybzpqvbdsjlegtnkdycupja	1053	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1053	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1053	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1053	26	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1053	27	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	1053	28	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1053	29	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	1053	30	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1053	31	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1053	32	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1053	33	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1053	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1053	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1053	36	weights	weight	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1053	37	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1053	38	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1053	39	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1053	40	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1053	41	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1053	42	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1053	43	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1053	44	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1053	45	strategic	strategic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1053	46	substitutes	substitute	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1053	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1054	1	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1054	2	Proof	Proof	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1054	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1054	4	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1054	5	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1054	6	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1054	7	any	any	DT
work_3ehybzpqvbdsjlegtnkdycupja	1054	8	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	1054	9	∈	∈	NN
work_3ehybzpqvbdsjlegtnkdycupja	1054	10	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1054	11	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1054	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1054	13	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1054	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1054	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1054	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1054	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1054	18	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1054	19	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1054	20	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1054	21	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1054	22	must	must	MD
work_3ehybzpqvbdsjlegtnkdycupja	1054	23	satisfy	satisfy	VB
work_3ehybzpqvbdsjlegtnkdycupja	1054	24	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1054	25	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1054	26	γτε	γτε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1054	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1055	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1055	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1055	3	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1055	4	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1055	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1055	6	assuming	assume	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1055	7	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1055	8	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1055	9	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1055	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1055	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1055	12	using	use	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1055	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1055	14	A.8	A.8	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1055	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1055	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1055	17	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1055	18	equilibrium	equilibrium	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1055	19	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1055	20	equilibrium	equilibrium	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1055	21	must	must	MD
work_3ehybzpqvbdsjlegtnkdycupja	1055	22	satisfy	satisfy	VB
work_3ehybzpqvbdsjlegtnkdycupja	1055	23	φ1(a1	φ1(a1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1055	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1055	25	≡	≡	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1055	26	a1λ2(τ2	a1λ2(τ2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1055	27	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1055	28	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1055	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1055	30	−γτε∆a2τu	−γτε∆a2τu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1055	31	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1055	32	a1(1	a1(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1055	33	+	+	DT
work_3ehybzpqvbdsjlegtnkdycupja	1055	34	γτu∆a2	γτu∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1055	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1055	36	−γ2τε∆a2τu	−γ2τε∆a2τu	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1055	37	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1055	38	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1055	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1056	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1056	2	A.16	a.16	NN
work_3ehybzpqvbdsjlegtnkdycupja	1056	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1056	4	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1056	5	above	above	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1056	6	equation	equation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1056	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1056	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1056	9	quadratic	quadratic	NN
work_3ehybzpqvbdsjlegtnkdycupja	1056	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1056	11	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1056	12	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1056	13	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1056	14	any	any	DT
work_3ehybzpqvbdsjlegtnkdycupja	1056	15	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1056	16	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1056	17	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1056	19	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1056	20	>	>	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1056	21	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	22	possesses	possess	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1056	23	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	24	59	59	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	25	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1056	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1056	27	real	real	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1056	28	solutions	solution	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1056	29	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1056	30	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1056	31	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1056	32	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	33	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1056	34	γτua2(1	γτua2(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1056	35	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1056	36	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	1056	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1056	38	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1056	39	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1056	40	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1056	41	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	42	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1056	43	γτua2(1	γτua2(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1056	44	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1056	45	β))2	β))2	:
work_3ehybzpqvbdsjlegtnkdycupja	1056	46	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1056	47	4β(γτua2)2	4β(γτua2)2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	48	2βγτu	2βγτu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	49	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1056	50	A.17	a.17	NN
work_3ehybzpqvbdsjlegtnkdycupja	1056	51	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1056	52	a∗∗1	a∗∗1	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1056	53	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1056	54	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	55	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1056	56	γτua2(1	γτua2(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1056	57	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1056	58	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	1056	59	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1056	60	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1056	61	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1056	62	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1056	63	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	64	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1056	65	γτua2(1	γτua2(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1056	66	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1056	67	β))2	β))2	:
work_3ehybzpqvbdsjlegtnkdycupja	1056	68	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1056	69	4β(γτua2)2	4β(γτua2)2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	70	2βγτu	2βγτu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	71	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1056	72	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1056	73	A.18	a.18	LS
work_3ehybzpqvbdsjlegtnkdycupja	1056	74	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1056	75	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1056	76	a∗∗1	a∗∗1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	77	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1056	78	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1056	79	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1056	80	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1056	81	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1057	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1057	2	proves	prove	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1057	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1057	4	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1057	5	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1057	6	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1057	7	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1057	8	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	1057	9	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1057	10	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	1057	11	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1057	12	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1057	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1058	1	Inspection	inspection	NN
work_3ehybzpqvbdsjlegtnkdycupja	1058	2	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1058	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1058	4	above	above	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1058	5	expressions	expression	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1058	6	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1058	7	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1058	8	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1058	9	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1058	10	βa	βa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1058	11	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1058	12	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1058	13	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1058	14	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1058	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1058	16	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	1058	17	βa	βa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1058	18	∗∗	∗∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1058	19	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1058	20	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1058	21	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1058	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1059	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1059	2	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	1059	3	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1059	4	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1059	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1059	6	Var1[p2	Var1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1059	7	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1059	8	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1059	9	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1059	10	substituting	substitute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1059	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1059	12	A.17	a.17	NN
work_3ehybzpqvbdsjlegtnkdycupja	1059	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1059	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1059	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1059	16	A.18	a.18	CD
work_3ehybzpqvbdsjlegtnkdycupja	1059	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1059	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1059	19	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	1059	20	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1059	21	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1059	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1059	23	Var1[p2	Var1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1059	24	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1059	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1060	1	To	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1060	2	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	1060	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1060	4	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1060	5	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1060	6	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	1060	7	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1060	8	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1060	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1060	10	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1060	11	note	note	NN
work_3ehybzpqvbdsjlegtnkdycupja	1060	12	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1060	13	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1060	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1060	15	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1060	16	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1060	17	Var[v|z1]−1	Var[v|z1]−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1060	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1060	19	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1060	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1060	21	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1060	22	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1060	23	a21τu	a21τu	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1060	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1061	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1061	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1061	3	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1061	4	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1061	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1061	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1061	7	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1061	8	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1061	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1061	10	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1061	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1061	12	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	1061	13	informative	informative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1061	14	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	1061	15	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1061	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1061	17	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	1061	18	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1061	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1061	20	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	1061	21	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1061	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1061	23	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1061	24	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1061	25	β2	β2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1061	26	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1061	27	γa2τu((1	γa2τu((1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1061	28	−β2	−β2	RB
work_3ehybzpqvbdsjlegtnkdycupja	1061	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1061	30	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1061	31	β(1	β(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1061	32	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1061	33	β2	β2	.
work_3ehybzpqvbdsjlegtnkdycupja	1061	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1061	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1061	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1061	37	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1061	38	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1061	39	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1061	40	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1061	41	γa2τu(1	γa2τu(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1061	42	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1061	43	β))2	β))2	:
work_3ehybzpqvbdsjlegtnkdycupja	1061	44	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1061	45	4β(γa2τu)2	4β(γa2τu)2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1061	46	γ2β2τu	γ2β2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1061	47	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1061	48	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1061	49	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1061	50	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1061	51	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1061	52	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	1061	53	true	true	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1061	54	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1062	1	Given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1062	2	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1062	3	τi2	τi2	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1062	4	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1062	5	τ2	τ2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1062	6	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1062	7	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1062	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1062	9	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1062	10	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	1062	11	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1062	12	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1062	13	Λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1062	14	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1062	15	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1062	16	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1062	17	Λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1062	18	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1062	19	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1062	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1063	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	1063	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1063	3	substitution	substitution	NN
work_3ehybzpqvbdsjlegtnkdycupja	1063	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1063	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1063	6	A.17	a.17	NN
work_3ehybzpqvbdsjlegtnkdycupja	1063	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1063	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1063	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1063	10	A.18	a.18	LS
work_3ehybzpqvbdsjlegtnkdycupja	1063	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1063	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1063	13	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1063	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1063	15	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1063	16	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1063	17	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1063	18	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1063	19	∗∗∗	∗∗∗	FW
work_3ehybzpqvbdsjlegtnkdycupja	1063	20	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1063	21	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1063	22	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1063	23	∗.	∗.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1064	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1064	2	view	view	NN
work_3ehybzpqvbdsjlegtnkdycupja	1064	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1064	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1064	5	15	15	CD
work_3ehybzpqvbdsjlegtnkdycupja	1064	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1064	7	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1064	8	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1064	9	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1064	10	Λ∗∗∗1	Λ∗∗∗1	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1064	11	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1064	12	Λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1064	13	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1064	14	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1064	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1065	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1065	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	3	→	→	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1065	4	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1065	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1065	6	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1065	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1065	8	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	9	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1065	10	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1065	11	lim	lim	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1065	12	β→0	β→0	XX
work_3ehybzpqvbdsjlegtnkdycupja	1065	13	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1065	14	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1065	15	γτu(a2	γτu(a2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1065	16	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1065	17	βγτε	βγτε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1065	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1065	19	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1065	20	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	21	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1065	22	+	+	CD
work_3ehybzpqvbdsjlegtnkdycupja	1065	23	γτu(2(a2	γτu(2(a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	24	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1065	25	βγτε	βγτε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1065	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1065	27	+	+	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1065	28	γτu(a2	γτu(a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	29	−βγτε)2	−βγτε)2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1065	31	2βγτu	2βγτu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1065	32	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1065	33	∞	∞	FW
work_3ehybzpqvbdsjlegtnkdycupja	1065	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1065	35	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	1065	36	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1065	37	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1065	38	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	1065	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1065	40	using	use	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1065	41	l’Hospital	l’Hospital	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	42	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	1065	43	rule	rule	NN
work_3ehybzpqvbdsjlegtnkdycupja	1065	44	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1065	45	lim	lim	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	46	β→0	β→0	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	47	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1065	48	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1065	49	γτu(a2	γτu(a2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1065	50	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1065	51	βγτε	βγτε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1065	52	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1065	53	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	54	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	55	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1065	56	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1065	57	γτu(2(a2	γτu(2(a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	58	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1065	59	βγτε	βγτε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1065	60	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1065	61	+	+	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1065	62	γτu(a2	γτu(a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	63	−βγτε)2	−βγτε)2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	64	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1065	65	2βγτu	2βγτu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1065	66	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1065	67	γa22τu	γa22τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	68	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1065	69	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1065	70	γa2τu	γa2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1065	71	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1066	1	From	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1066	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1066	3	A.19	a.19	VB
work_3ehybzpqvbdsjlegtnkdycupja	1066	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1066	5	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1066	6	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	1066	7	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1066	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1066	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1066	10	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1066	11	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1066	12	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1066	13	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1066	14	αE1	αe1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1066	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1067	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	1067	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1067	3	defining	define	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1067	4	a∗10	a∗10	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1067	5	=	=	NN
work_3ehybzpqvbdsjlegtnkdycupja	1067	6	γa22τu	γa22τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1067	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1067	8	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1067	9	γa2τu	γa2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1067	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1067	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1067	12	taking	take	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1067	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1067	14	limit	limit	NN
work_3ehybzpqvbdsjlegtnkdycupja	1067	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1067	16	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1067	17	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1067	18	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1067	19	→	→	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1067	20	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1067	21	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1067	22	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1067	23	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1067	24	a∗10	a∗10	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1067	25	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1067	26	lim	lim	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1067	27	β→0	β→0	XX
work_3ehybzpqvbdsjlegtnkdycupja	1067	28	λ∗2	λ∗2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1067	29	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1067	30	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1067	31	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1067	32	γτua2	γτua2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1067	33	γ(τv	γ(τv	NN
work_3ehybzpqvbdsjlegtnkdycupja	1067	34	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1067	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1067	36	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1067	37	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1067	38	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1067	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1067	40	2τu	2τu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1067	41	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1067	42	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1067	43	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1067	44	2τu	2τu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1067	45	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1067	46	τε	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1067	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1067	48	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1067	49	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1067	50	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1067	51	whereas	whereas	IN
work_3ehybzpqvbdsjlegtnkdycupja	1067	52	limβ→0	limβ→0	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1067	53	λ	λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1067	54	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1067	55	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1067	56	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1067	57	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1067	58	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1068	1	2	2	LS
work_3ehybzpqvbdsjlegtnkdycupja	1068	2	60	60	CD
work_3ehybzpqvbdsjlegtnkdycupja	1068	3	Proof	Proof	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1068	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1068	5	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1068	6	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	1068	7	Starting	start	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1068	8	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1068	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1068	10	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	1068	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1068	12	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1068	13	need	need	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1068	14	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1068	15	verify	verify	VB
work_3ehybzpqvbdsjlegtnkdycupja	1068	16	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	1068	17	|ψ′(a∗1)|	|ψ′(a∗1)|	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1068	18	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1068	19	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1068	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1068	21	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	1068	22	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1068	23	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1068	24	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1068	25	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1068	26	a∗1	a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1068	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1068	28	γβa2τu	γβa2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1068	29	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1068	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1068	31	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1068	32	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1068	33	γτu∆a2	γτu∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1068	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1068	35	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1068	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1069	1	Substituting	substitute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1069	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1069	3	A.17	a.17	NN
work_3ehybzpqvbdsjlegtnkdycupja	1069	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1069	5	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1069	6	R.H.S.	R.H.S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1070	1	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1070	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1070	3	above	above	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1070	4	inequality	inequality	NN
work_3ehybzpqvbdsjlegtnkdycupja	1070	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1070	6	rearranging	rearranging	NN
work_3ehybzpqvbdsjlegtnkdycupja	1070	7	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1070	8	|ψ′(a∗1)|	|ψ′(a∗1)|	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1070	9	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1070	10	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1070	11	⇐	⇐	CD
work_3ehybzpqvbdsjlegtnkdycupja	1070	12	⇒	⇒	CD
work_3ehybzpqvbdsjlegtnkdycupja	1070	13	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1070	14	2(1	2(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1070	15	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1070	16	a2γτu(1	a2γτu(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1070	17	−β))(1	−β))(1	:
work_3ehybzpqvbdsjlegtnkdycupja	1070	18	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1070	19	a2γτu(1	a2γτu(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1070	20	−β	−β	CD
work_3ehybzpqvbdsjlegtnkdycupja	1070	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1070	22	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1070	23	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1070	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1070	25	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1070	26	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1070	27	γτua2(1	γτua2(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1070	28	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1070	29	β))2	β))2	:
work_3ehybzpqvbdsjlegtnkdycupja	1070	30	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1070	31	4β(γτua2)2	4β(γτua2)2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1070	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1070	33	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1070	34	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1070	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1070	36	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1070	37	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1070	38	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	1070	39	satisfied	satisfied	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1070	40	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1071	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1071	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1071	3	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1071	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1071	5	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1071	6	need	need	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1071	7	instead	instead	RB
work_3ehybzpqvbdsjlegtnkdycupja	1071	8	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1071	9	verify	verify	VB
work_3ehybzpqvbdsjlegtnkdycupja	1071	10	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	1071	11	|ψ′(a∗∗∗1	|ψ′(a∗∗∗1	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1071	12	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1071	13	|	|	CD
work_3ehybzpqvbdsjlegtnkdycupja	1071	14	>	>	NN
work_3ehybzpqvbdsjlegtnkdycupja	1071	15	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1071	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1071	17	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	1071	18	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1071	19	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1071	20	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1071	21	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1071	22	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1071	23	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1071	24	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1071	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1071	26	γβa2τu	γβa2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1071	27	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1071	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1071	29	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1071	30	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1071	31	γτu∆a2	γτu∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1071	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1071	33	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1071	34	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1072	1	Substituting	Substituting	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1072	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1072	3	A.18	a.18	NN
work_3ehybzpqvbdsjlegtnkdycupja	1072	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1072	5	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1072	6	R.H.S.	R.H.S.	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1073	1	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1073	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1073	3	above	above	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1073	4	inequality	inequality	NN
work_3ehybzpqvbdsjlegtnkdycupja	1073	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1073	6	rearranging	rearranging	NN
work_3ehybzpqvbdsjlegtnkdycupja	1073	7	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1073	8	|ψ′(a∗∗∗1	|ψ′(a∗∗∗1	UH
work_3ehybzpqvbdsjlegtnkdycupja	1073	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1073	10	|	|	CD
work_3ehybzpqvbdsjlegtnkdycupja	1073	11	>	>	NN
work_3ehybzpqvbdsjlegtnkdycupja	1073	12	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1073	13	⇐	⇐	CD
work_3ehybzpqvbdsjlegtnkdycupja	1073	14	⇒	⇒	CD
work_3ehybzpqvbdsjlegtnkdycupja	1073	15	2(1	2(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1073	16	+	+	CD
work_3ehybzpqvbdsjlegtnkdycupja	1073	17	a2γτu(1	a2γτu(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1073	18	−β))(−(1	−β))(−(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1073	19	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1073	20	a2γτu(1	a2γτu(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1073	21	−β	−β	CD
work_3ehybzpqvbdsjlegtnkdycupja	1073	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1073	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1073	24	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1073	25	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1073	26	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1073	27	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1073	28	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1073	29	γτua2(1	γτua2(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1073	30	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1073	31	β))2	β))2	:
work_3ehybzpqvbdsjlegtnkdycupja	1073	32	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1073	33	4β(γτua2)2	4β(γτua2)2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1073	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1073	35	>	>	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1073	36	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1073	37	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1073	38	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1073	39	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1073	40	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	1073	41	satisfied	satisfied	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1073	42	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1073	43	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	1073	44	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1073	45	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1073	46	factor	factor	NN
work_3ehybzpqvbdsjlegtnkdycupja	1073	47	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1073	48	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1073	49	product	product	NN
work_3ehybzpqvbdsjlegtnkdycupja	1073	50	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1073	51	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1073	52	R.H.S.	r.h.s.	NN
work_3ehybzpqvbdsjlegtnkdycupja	1074	1	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1074	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1074	3	above	above	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1074	4	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	1074	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1074	6	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1074	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1074	8	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	1074	9	manipulating	manipulate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1074	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1074	11	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1074	12	factor	factor	NN
work_3ehybzpqvbdsjlegtnkdycupja	1074	13	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1074	14	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1074	15	√	√	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1074	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1074	17	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1074	18	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1074	19	γτua2(1	γτua2(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1074	20	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1074	21	β))2	β))2	:
work_3ehybzpqvbdsjlegtnkdycupja	1074	22	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1074	23	4β(γτua2)2	4β(γτua2)2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1074	24	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1074	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1074	26	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1074	27	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1074	28	a2γτu(1	a2γτu(1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1074	29	−β	−β	CD
work_3ehybzpqvbdsjlegtnkdycupja	1074	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1074	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1074	32	⇐	⇐	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1074	33	⇒	⇒	CD
work_3ehybzpqvbdsjlegtnkdycupja	1074	34	4a2βγτu	4a2βγτu	CD
work_3ehybzpqvbdsjlegtnkdycupja	1074	35	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1074	36	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1074	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1075	1	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1075	2	Proof	Proof	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1075	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1075	4	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1075	5	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1075	6	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1075	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1075	8	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1075	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1075	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1075	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1075	12	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	1075	13	follows	follow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1075	14	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1075	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1075	16	fact	fact	NN
work_3ehybzpqvbdsjlegtnkdycupja	1075	17	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1075	18	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	1075	19	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1075	20	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1075	21	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1075	22	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1075	23	γτε	γτε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1075	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1075	25	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1075	26	αE2	αE2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1075	27	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1075	28	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1075	29	Vari2[v	Vari2[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1075	30	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1075	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1076	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1076	2	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1076	3	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1076	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1076	5	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1076	6	X1(si	x1(si	NN
work_3ehybzpqvbdsjlegtnkdycupja	1076	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1076	8	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1076	10	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1076	11	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1076	13	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	14	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	15	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1076	16	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1076	17	τi2)Ei1[v	τi2)Ei1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	18	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1076	19	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	20	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1076	21	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1076	22	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	23	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	24	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1076	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1076	26	βαP2	βαP2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	27	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	28	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	29	+	+	FW
work_3ehybzpqvbdsjlegtnkdycupja	1076	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1076	31	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1076	32	−αP2	−αP2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1076	34	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	35	τ2	τ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	36	E1[v	E1[v	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1076	37	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1076	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1076	39	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	40	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	41	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1076	42	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1076	43	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1076	44	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1077	1	61	61	CD
work_3ehybzpqvbdsjlegtnkdycupja	1077	2	Adding	add	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1077	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1077	4	subtracting	subtracting	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	6	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	7	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1077	8	αE1	αe1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1077	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	10	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1077	11	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1077	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1077	13	right	right	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1077	14	hand	hand	NN
work_3ehybzpqvbdsjlegtnkdycupja	1077	15	side	side	NN
work_3ehybzpqvbdsjlegtnkdycupja	1077	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1077	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1077	18	above	above	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1077	19	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	1077	20	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1077	21	X1(si	x1(si	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1077	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1077	23	z1	z1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1077	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	25	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1077	26	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	27	αE1	αE1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	29	Ei1[v	ei1[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1077	30	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	31	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	33	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1077	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	35	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	36	αE1	αE1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	37	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	38	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	39	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	40	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	41	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	42	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1077	43	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1077	44	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	45	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	46	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	47	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	48	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	49	γτi2	γτi2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	50	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	51	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1077	52	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1077	53	τi2	τi2	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	1077	54	E1[v	e1[v	FW
work_3ehybzpqvbdsjlegtnkdycupja	1077	55	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	56	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1077	57	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1078	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1078	2	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1078	3	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1078	4	third	third	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1078	5	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1078	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1078	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1078	8	above	above	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1078	9	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	1078	10	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	1078	11	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	1078	12	rewritten	rewrite	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1078	13	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1078	14	obtain	obtain	VB
work_3ehybzpqvbdsjlegtnkdycupja	1078	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1078	16	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	17	αE1	αE1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	18	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	19	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	20	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	21	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1078	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1078	23	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1078	24	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1078	25	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	26	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	27	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1078	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1078	29	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	30	γτi2	γτi2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	31	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	32	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1078	33	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	34	τi2	τi2	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	1078	35	E1[v	e1[v	FW
work_3ehybzpqvbdsjlegtnkdycupja	1078	36	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1078	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1078	38	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1078	39	β(1	β(1	XX
work_3ehybzpqvbdsjlegtnkdycupja	1078	40	−αP1	−αp1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1078	41	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1078	42	−γτ1αP1	−γτ1αP1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	43	a1τi2Vari1[p2	a1τi2vari1[p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1078	44	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1078	45	E1[θ1	e1[θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1078	46	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1078	47	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1078	48	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1078	49	−αE1	−αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	1078	50	αE1	αe1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1078	51	E1[θ1	E1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1078	52	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1078	53	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1079	1	Note	note	VB
work_3ehybzpqvbdsjlegtnkdycupja	1079	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1079	3	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	1079	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1079	5	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1079	6	setting	set	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1079	7	ρ	ρ	CC
work_3ehybzpqvbdsjlegtnkdycupja	1079	8	≡	≡	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1079	9	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1079	10	/	/	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1079	11	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1079	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1079	13	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1079	14	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	1079	15	express	express	VB
work_3ehybzpqvbdsjlegtnkdycupja	1079	16	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1079	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1079	18	αE1	αe1	FW
work_3ehybzpqvbdsjlegtnkdycupja	1079	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1079	20	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1079	21	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1079	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1079	23	βρ−	βρ−	CD
work_3ehybzpqvbdsjlegtnkdycupja	1079	24	1)τ1	1)τ1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1079	25	τi2	τi2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1079	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1079	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1080	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1080	2	A.19	a.19	VB
work_3ehybzpqvbdsjlegtnkdycupja	1080	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1080	4	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1080	5	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1080	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1080	7	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1080	8	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1080	9	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1080	10	a	a	FW
work_3ehybzpqvbdsjlegtnkdycupja	1080	11	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1080	12	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1080	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1080	14	αP1	αp1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1080	15	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1080	16	αE1	αe1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1080	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1080	18	whereas	whereas	IN
work_3ehybzpqvbdsjlegtnkdycupja	1080	19	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1080	20	opposite	opposite	NN
work_3ehybzpqvbdsjlegtnkdycupja	1080	21	holds	hold	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1080	22	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1080	23	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1080	24	∈{a∗∗1	∈{a∗∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1080	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1080	26	a∗∗∗1	a∗∗∗1	LS
work_3ehybzpqvbdsjlegtnkdycupja	1080	27	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1080	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1081	1	To	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1081	2	differentiate	differentiate	VB
work_3ehybzpqvbdsjlegtnkdycupja	1081	3	xi2	xi2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1081	4	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1081	5	respect	respect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1081	6	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1081	7	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1081	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1081	9	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1081	10	first	first	RB
work_3ehybzpqvbdsjlegtnkdycupja	1081	11	express	express	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1081	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1081	13	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1081	14	contained	contain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1081	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1081	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1081	17	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	1081	18	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	1081	19	forecast	forecast	NN
work_3ehybzpqvbdsjlegtnkdycupja	1081	20	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1081	21	terms	term	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1081	22	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1081	23	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1081	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1082	1	To	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1082	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1082	3	end	end	NN
work_3ehybzpqvbdsjlegtnkdycupja	1082	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1082	5	use	use	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1082	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1082	7	A.4	a.4	NN
work_3ehybzpqvbdsjlegtnkdycupja	1082	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1082	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1082	10	write	write	VB
work_3ehybzpqvbdsjlegtnkdycupja	1082	11	z2	z2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1082	12	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1082	13	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1082	14	λ2	λ2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1082	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1082	16	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1082	17	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1082	18	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1082	19	τi2	τi2	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1082	20	sP	sP	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1082	21	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1082	22	βαP2	βαP2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1082	23	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1082	24	z1	z1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1082	25	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1082	26	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1082	27	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1082	28	−αP2	−αP2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1082	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1082	30	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1082	31	τ2	τ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1082	32	E1[v	e1[v	FW
work_3ehybzpqvbdsjlegtnkdycupja	1082	33	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1082	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1082	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1083	1	Substituting	substitute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1083	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1083	3	above	above	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1083	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1083	5	Ei2[v	ei2[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1083	6	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1083	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1083	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1083	9	differentiating	differentiate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1083	10	xi2	xi2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1083	11	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1083	12	respect	respect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1083	13	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1083	14	p2	p2	VB
work_3ehybzpqvbdsjlegtnkdycupja	1083	15	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1083	16	∂xi2	∂xi2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1083	17	∂p2	∂p2	,
work_3ehybzpqvbdsjlegtnkdycupja	1083	18	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1083	19	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1083	20	γτi2	γτi2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1083	21	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1083	22	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1083	23	γτu∆a2	γτu∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1083	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1084	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1084	2	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1084	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1084	4	a	a	FW
work_3ehybzpqvbdsjlegtnkdycupja	1084	5	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1084	6	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1084	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1084	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1084	9	know	know	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1084	10	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1084	11	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1084	12	>	>	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1084	13	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1084	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1084	15	so	so	IN
work_3ehybzpqvbdsjlegtnkdycupja	1084	16	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1084	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1084	18	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1084	19	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1084	20	reinforces	reinforce	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1084	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1084	22	substi-	substi-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1084	23	tution	tution	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1084	24	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1084	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1084	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1084	27	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	1084	28	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1084	29	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1084	30	normal	normal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1084	31	good	good	NN
work_3ehybzpqvbdsjlegtnkdycupja	1084	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1085	1	Conversely	conversely	RB
work_3ehybzpqvbdsjlegtnkdycupja	1085	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1085	3	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1085	4	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1085	5	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	1085	6	arise	arise	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1085	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1085	8	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1085	9	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1085	10	∈{a∗∗1	∈{a∗∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1085	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1085	12	a∗∗∗1	a∗∗∗1	UH
work_3ehybzpqvbdsjlegtnkdycupja	1085	13	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1085	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1085	15	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1085	16	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1085	17	γτu∆a2	γτu∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1085	18	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1085	19	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1085	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1085	21	implying	imply	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1085	22	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1085	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1085	24	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	1085	25	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1085	26	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1085	27	Giffen	Giffen	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1085	28	good	good	NN
work_3ehybzpqvbdsjlegtnkdycupja	1085	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1086	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	1086	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1086	3	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1086	4	compute	compute	VB
work_3ehybzpqvbdsjlegtnkdycupja	1086	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1086	6	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1086	7	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1086	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1086	9	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1086	10	Covi1[v	Covi1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1086	11	−p2,p2	−p2,p2	DT
work_3ehybzpqvbdsjlegtnkdycupja	1086	12	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1086	13	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1086	14	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1086	15	Covi1[v	Covi1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1086	16	−p2,p2	−p2,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1086	17	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1086	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1086	19	Covi1[v	Covi1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1086	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1086	21	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1086	22	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1086	23	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1086	24	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1086	25	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1086	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1087	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1087	2	A.20	a.20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1087	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1087	4	62	62	CD
work_3ehybzpqvbdsjlegtnkdycupja	1087	5	Using	use	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1087	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1087	7	16b	16b	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1087	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1087	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1087	10	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1087	11	obtain	obtain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1087	12	Covi1[v	Covi1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1087	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1087	14	p2	p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1087	15	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1087	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1087	17	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1087	18	τi1	τi1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1087	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1087	20	λ2∆a2	λ2∆a2	UH
work_3ehybzpqvbdsjlegtnkdycupja	1087	21	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1087	22	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1087	23	τi1	τi1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1087	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1087	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1088	1	On	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1088	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1088	3	other	other	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1088	4	hand	hand	NN
work_3ehybzpqvbdsjlegtnkdycupja	1088	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1088	6	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1088	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1088	8	A.11	a.11	NN
work_3ehybzpqvbdsjlegtnkdycupja	1088	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1088	10	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1088	11	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1088	12	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1088	13	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1088	14	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1088	15	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1088	16	τi1	τi1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1088	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1088	18	λ2∆a2	λ2∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1088	19	+	+	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1088	20	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1088	21	τi2	τi2	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1088	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1088	23	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1088	24	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1088	25	λ22	λ22	NN
work_3ehybzpqvbdsjlegtnkdycupja	1088	26	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1088	27	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1088	28	τη	τη	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1088	29	τ2i2	τ2i2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1088	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1089	1	Substituting	substitute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1089	2	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	1089	3	expressions	expression	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1089	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1089	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1089	6	A.20	a.20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1089	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1089	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1089	9	rearranging	rearrange	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1089	10	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1089	11	Covi1[v	Covi1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1089	12	−p2,p2	−p2,p2	DT
work_3ehybzpqvbdsjlegtnkdycupja	1089	13	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1089	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1089	15	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1089	16	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1089	17	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1089	18	γτi1τi2	γτi1τi2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1089	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1089	20	λ2(τi2	λ2(τi2	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1089	21	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1089	22	τη	τη	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1089	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1089	24	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1089	25	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1089	26	∆a2τη	∆a2τη	CD
work_3ehybzpqvbdsjlegtnkdycupja	1089	27	τi2	τi2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1089	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1089	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1090	1	According	accord	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1090	2	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1090	3	Proposition	proposition	NN
work_3ehybzpqvbdsjlegtnkdycupja	1090	4	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1090	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1090	6	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1090	7	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1090	8	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1090	9	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1090	10	a∗∗1	a∗∗1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1090	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1090	12	a∗∗∗1	a∗∗∗1	LS
work_3ehybzpqvbdsjlegtnkdycupja	1090	13	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1090	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1090	15	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1090	16	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1090	17	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1090	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1090	19	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1090	20	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1090	21	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1090	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1091	1	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	1091	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1091	3	Covi1[v	Covi1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1091	4	−p2,p2	−p2,p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1091	5	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1091	6	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1091	7	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1091	8	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1091	9	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1092	1	Conversely	conversely	RB
work_3ehybzpqvbdsjlegtnkdycupja	1092	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1092	3	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1092	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1092	5	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1092	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1092	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1092	8	opposite	opposite	NN
work_3ehybzpqvbdsjlegtnkdycupja	1092	9	occurs	occur	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1092	10	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1093	1	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1093	2	Proof	Proof	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1093	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1093	4	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1093	5	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1093	6	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1093	7	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1093	8	already	already	RB
work_3ehybzpqvbdsjlegtnkdycupja	1093	9	established	establish	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1093	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1093	11	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1093	12	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1093	13	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1093	14	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1093	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1093	16	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1093	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1093	18	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1093	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1093	20	αP1	αp1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1093	21	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1093	22	αE1	αe1	FW
work_3ehybzpqvbdsjlegtnkdycupja	1093	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1093	24	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1093	25	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1093	26	αE1	αe1	XX
work_3ehybzpqvbdsjlegtnkdycupja	1093	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1093	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1094	1	Now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	1094	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1094	3	using	use	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1094	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	5	12	12	CD
work_3ehybzpqvbdsjlegtnkdycupja	1094	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1094	8	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1094	9	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	1094	10	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1094	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1094	12	v	v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1094	13	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1094	14	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1094	15	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1094	16	Cov[v	Cov[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1094	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1094	18	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1094	19	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	20	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1094	21	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1094	22	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1094	23	τv	τv	NN
work_3ehybzpqvbdsjlegtnkdycupja	1094	24	+	+	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1094	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	26	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1094	27	−αP1	−αp1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1094	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	30	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1094	31	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1094	32	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1094	33	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1094	34	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1094	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1094	37	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	38	A.21	a.21	LS
work_3ehybzpqvbdsjlegtnkdycupja	1094	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	40	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1094	41	carrying	carry	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1094	42	out	out	RP
work_3ehybzpqvbdsjlegtnkdycupja	1094	43	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1094	44	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1094	45	computation	computation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1094	46	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1094	47	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1094	48	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1094	49	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1094	50	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	1094	51	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	1094	52	Cov	Cov	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1094	53	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	54	Ē1[v],v	ē1[v],v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1094	55	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	56	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1094	57	αE1	αE1	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1094	58	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1094	59	τv	τv	NN
work_3ehybzpqvbdsjlegtnkdycupja	1094	60	+	+	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1094	61	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	62	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1094	63	−αE1	−αe1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1094	64	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	65	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	66	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1094	67	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1094	68	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1094	69	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1094	70	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1094	71	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1094	72	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1095	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1095	2	A.22	a.22	UH
work_3ehybzpqvbdsjlegtnkdycupja	1095	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1095	4	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1095	5	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	1095	6	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	1095	7	subtract	subtract	VB
work_3ehybzpqvbdsjlegtnkdycupja	1095	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1095	9	A.22	a.22	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1095	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1095	11	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1095	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1095	13	A.21	a.21	NN
work_3ehybzpqvbdsjlegtnkdycupja	1095	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1095	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1095	16	obtain	obtain	VB
work_3ehybzpqvbdsjlegtnkdycupja	1095	17	Cov	Cov	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1095	18	[	[	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1095	19	p1	p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1095	20	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1095	21	Ē1[v],v	Ē1[v],v	.
work_3ehybzpqvbdsjlegtnkdycupja	1095	22	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1095	23	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1095	24	αP1	αp1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1095	25	−αE1	−αE1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1095	26	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1095	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1095	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1095	29	A.23	a.23	UH
work_3ehybzpqvbdsjlegtnkdycupja	1095	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1095	31	implying	imply	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1095	32	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1095	33	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1095	34	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1095	35	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1095	36	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	1095	37	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1095	38	over	over	IN
work_3ehybzpqvbdsjlegtnkdycupja	1095	39	relies	relie	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1095	40	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1095	41	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1095	42	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1095	43	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1095	44	compared	compare	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1095	45	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1095	46	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1095	47	optimal	optimal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1095	48	statistical	statistical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1095	49	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	1095	50	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1095	51	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1095	52	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1095	53	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	1095	54	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1095	55	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1095	56	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1095	57	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	1095	58	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1095	59	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1095	60	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1095	61	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1095	62	funda-	funda-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1095	63	mentals	mental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1095	64	falls	fall	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1095	65	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1095	66	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1095	67	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	1095	68	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	1095	69	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1095	70	consensus	consensus	NN
work_3ehybzpqvbdsjlegtnkdycupja	1095	71	opinion	opinion	NN
work_3ehybzpqvbdsjlegtnkdycupja	1095	72	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1095	73	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1095	74	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1095	75	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1096	1	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1096	2	63	63	CD
work_3ehybzpqvbdsjlegtnkdycupja	1096	3	Proof	Proof	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1096	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1096	5	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1096	6	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	1096	7	To	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1096	8	compute	compute	VB
work_3ehybzpqvbdsjlegtnkdycupja	1096	9	Cov[p2	Cov[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1096	10	−p1,p1	−p1,p1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1096	11	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1096	12	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1096	13	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1096	14	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1096	15	first	first	RB
work_3ehybzpqvbdsjlegtnkdycupja	1096	16	note	note	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1096	17	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1096	18	Cov[p2	Cov[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1096	19	−p1,p1	−p1,p1	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1096	20	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1096	21	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1096	22	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1096	23	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1096	24	Cov[p2,p1	cov[p2,p1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1096	25	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1096	26	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1096	27	Var[p1	Var[p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1096	28	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1096	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1097	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1097	2	A.24	a.24	UH
work_3ehybzpqvbdsjlegtnkdycupja	1097	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1097	4	Next	next	RB
work_3ehybzpqvbdsjlegtnkdycupja	1097	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1097	6	Cov[p2,p1	Cov[p2,p1	''
work_3ehybzpqvbdsjlegtnkdycupja	1097	7	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1097	8	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1097	9	Cov[E1[p2],E1[p1	cov[e1[p2],e1[p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1097	10	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1097	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1097	12	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1097	13	Cov1[p2,p1	Cov1[p2,p1	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1097	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1097	15	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1097	16	Cov[E1[p2],p1	Cov[E1[p2],p1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1097	17	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1097	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1098	1	Computing	compute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1098	2	Cov[E1[p2],p1	Cov[E1[p2],p1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1098	3	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1098	4	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1098	5	Var[E1[v	var[e1[v	LS
work_3ehybzpqvbdsjlegtnkdycupja	1098	6	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1098	7	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1098	8	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1098	9	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1098	10	Λ1	λ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1098	11	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1098	12	βΛ2)Cov[E1[v],E1[θ1	βλ2)cov[e1[v],e1[θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1098	13	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1098	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1098	15	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	16	βΛ2Λ1Var[E1[θ1	βλ2λ1var[e1[θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1098	17	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1098	18	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1098	19	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1098	20	a21τ1	a21τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	21	τ1τv	τ1τv	NN
work_3ehybzpqvbdsjlegtnkdycupja	1098	22	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1098	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1098	24	Λ1	λ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1098	25	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1098	26	βΛ2	βλ2	XX
work_3ehybzpqvbdsjlegtnkdycupja	1098	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1098	28	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	29	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	30	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1098	31	βΛ2Λ1	βΛ2Λ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	32	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	33	τ1τu	τ1τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1098	35	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1098	36	Var[p1	Var[p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	37	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1098	38	=	=	FW
work_3ehybzpqvbdsjlegtnkdycupja	1098	39	a21τu	a21τu	IN
work_3ehybzpqvbdsjlegtnkdycupja	1098	40	τ1τv	τ1τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	41	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1098	42	Λ21	Λ21	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	43	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	44	τ1τu	τ1τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	45	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1098	46	2Λ1	2Λ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	47	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	48	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1098	49	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1099	1	Substituting	substitute	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1099	2	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	1099	3	expressions	expression	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1099	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1099	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1099	6	A.24	a.24	UH
work_3ehybzpqvbdsjlegtnkdycupja	1099	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1099	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1099	9	rearranging	rearrange	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1099	10	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1099	11	Cov[p2	Cov[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1099	12	−p1,p1	−p1,p1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1099	13	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1099	14	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1099	15	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1099	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1099	17	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1099	18	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1099	19	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1099	20	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1099	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1099	22	Λ1	Λ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1099	23	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1099	24	τ1τu	τ1τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1099	25	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1099	26	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1099	27	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1099	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1099	29	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1099	30	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1099	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1100	1	Consider	consider	VB
work_3ehybzpqvbdsjlegtnkdycupja	1100	2	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	1100	3	Cov[v	Cov[v	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1100	4	−p2,p1	−p2,p1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1100	5	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	6	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	7	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1100	9	decomposing	decompose	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1100	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1100	11	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1100	12	yields	yield	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1100	13	Cov[v	Cov[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	14	−p2,p1	−p2,p1	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1100	15	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	16	v̄	v̄	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	17	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	18	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1100	19	Cov[E1[v	Cov[E1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	20	−p2],p1	−p2],p1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1100	21	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	22	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1100	23	Cov1[v	cov1[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1100	24	−p2,p1	−p2,p1	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1100	25	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	26	v̄]︸	v̄]︸	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1100	27	︷︷	︷︷	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	28	︸	︸	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	29	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1100	30	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1100	31	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1100	32	−βΛ2	−βλ2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1100	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	34	Cov[E1[θ1],E1[v	Cov[E1[θ1],E1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	35	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	36	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	37	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1100	38	Λ1Var[E1[θ1	λ1var[e1[θ1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1100	39	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	40	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	41	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	42	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1100	43	−βΛ2	−βΛ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	44	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	45	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	46	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	47	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1100	48	Λ1	Λ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	49	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	50	τ1τu	τ1τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	51	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	52	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1100	53	−βΛ2λ1	−βΛ2λ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	54	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1100	55	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	56	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1100	57	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1100	58	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1100	59	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	1100	60	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1100	61	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1100	62	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	63	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	64	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	65	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1100	66	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1100	67	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1100	68	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1100	69	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1100	70	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1100	71	null	null	NN
work_3ehybzpqvbdsjlegtnkdycupja	1100	72	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1100	73	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1100	74	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1100	75	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1100	76	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1101	1	Finally	finally	RB
work_3ehybzpqvbdsjlegtnkdycupja	1101	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1101	3	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1101	4	compute	compute	VB
work_3ehybzpqvbdsjlegtnkdycupja	1101	5	Cov[v	Cov[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1101	6	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1101	7	p2,p2	p2,p2	VBD
work_3ehybzpqvbdsjlegtnkdycupja	1101	8	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1101	9	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1101	10	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1101	11	decompose	decompose	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1101	12	again	again	RB
work_3ehybzpqvbdsjlegtnkdycupja	1101	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1101	14	covariance	covariance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1101	15	Cov[v	Cov[v	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1101	16	−p2,p2	−p2,p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1101	17	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1101	18	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1101	19	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1101	20	Cov[E1[v	Cov[E1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1101	21	−p2],E1[p2	−p2],e1[p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1101	22	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1101	23	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1101	24	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1101	25	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1101	26	Cov1[v	cov1[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1101	27	−p2,p2	−p2,p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1101	28	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1101	29	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1101	30	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1102	1	64	64	CD
work_3ehybzpqvbdsjlegtnkdycupja	1102	2	Computing	computing	NN
work_3ehybzpqvbdsjlegtnkdycupja	1102	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1102	4	E1[v	E1[v	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1102	5	−p2	−p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1102	6	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1102	7	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1102	8	−βΛ2E1[θ1	−βΛ2E1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1102	9	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1102	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1102	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1102	12	E1[p2	e1[p2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1102	13	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1102	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1102	15	=	=	FW
work_3ehybzpqvbdsjlegtnkdycupja	1102	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1102	17	βΛ2	βΛ2	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1102	18	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1102	19	Λ1)E1[θ1	Λ1)E1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1102	20	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1102	21	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1103	1	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	1103	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1103	3	Cov[E1[v	Cov[E1[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1103	4	−p2],E1[p2	−p2],e1[p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1103	5	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1103	6	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1103	7	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1103	8	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1103	9	βΛ2	βΛ2	:
work_3ehybzpqvbdsjlegtnkdycupja	1103	10	Vari1[p2	Vari1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1103	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1103	12	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1103	13	Var[E1[θ1	Var[E1[θ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1103	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1103	15	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1103	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1104	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1104	2	A.25	a.25	LS
work_3ehybzpqvbdsjlegtnkdycupja	1104	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1104	4	Next	next	RB
work_3ehybzpqvbdsjlegtnkdycupja	1104	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1104	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1104	7	obtain	obtain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1104	8	Cov1[v	cov1[v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1104	9	−p2,p2	−p2,p2	DT
work_3ehybzpqvbdsjlegtnkdycupja	1104	10	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1104	11	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1104	12	=	=	FW
work_3ehybzpqvbdsjlegtnkdycupja	1104	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1104	14	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1104	15	+	+	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1104	16	γτu∆a2)(βa1∆a2τu	γτu∆a2)(βa1∆a2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1104	17	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1104	18	τ1	τ1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1104	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1104	20	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1104	21	γτητuβa1	γτητuβa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1104	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1104	23	γτi2)2τ1τu	γτi2)2τ1τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1104	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1105	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1105	2	A.26	a.26	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1105	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1105	4	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1105	5	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1105	6	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1105	7	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1105	8	a∗∗1	a∗∗1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1105	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1105	10	a∗∗∗1	a∗∗∗1	LS
work_3ehybzpqvbdsjlegtnkdycupja	1105	11	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1105	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1105	13	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1105	14	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1105	15	−(γτu)−1	−(γτu)−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1105	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1105	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1105	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1105	19	above	above	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1105	20	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	1105	21	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1105	22	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	1105	23	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1105	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1105	25	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1105	26	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1105	27	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1105	28	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1105	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1105	30	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1105	31	Cov[v	Cov[v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1105	32	−p2,p2	−p2,p2	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1105	33	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1105	34	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1105	35	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1105	36	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1105	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1106	1	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1106	2	Proof	Proof	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1106	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1106	4	Corollary	Corollary	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1106	5	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	1106	6	To	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1106	7	prove	prove	VB
work_3ehybzpqvbdsjlegtnkdycupja	1106	8	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1106	9	result	result	NN
work_3ehybzpqvbdsjlegtnkdycupja	1106	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1106	11	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1106	12	impose	impose	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1106	13	τη	τη	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1106	14	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1106	15	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1106	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1106	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1106	18	A.25	a.25	NN
work_3ehybzpqvbdsjlegtnkdycupja	1106	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1106	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1106	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1106	22	A.26	A.26	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1106	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1106	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1106	25	obtaining	obtain	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1106	26	Cov[v	cov[v	VB
work_3ehybzpqvbdsjlegtnkdycupja	1106	27	−p2,p2	−p2,p2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1106	28	−p1	−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1106	29	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1106	30	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1106	31	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1106	32	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1106	33	γτi2τu	γτi2τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1106	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1106	35	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1106	36	−β∆a2	−β∆a2	JJR
work_3ehybzpqvbdsjlegtnkdycupja	1106	37	τi1	τi1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1106	38	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1106	39	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1106	40	a1τi1	a1τi1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1106	41	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1106	42	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1107	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1107	2	A.27	a.27	LS
work_3ehybzpqvbdsjlegtnkdycupja	1107	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1107	4	Looking	look	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1107	5	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1107	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1107	7	A.27	a.27	UH
work_3ehybzpqvbdsjlegtnkdycupja	1107	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1107	9	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1107	10	again	again	RB
work_3ehybzpqvbdsjlegtnkdycupja	1107	11	verify	verify	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1107	12	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1107	13	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1107	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1107	15	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1107	16	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	1107	17	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1107	18	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	1107	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1108	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1108	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1108	3	true	true	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1108	4	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	1108	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1108	6	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	1108	7	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1108	8	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1108	9	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1108	10	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1108	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1108	12	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1108	13	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1108	14	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1108	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1109	1	Along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1109	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1109	3	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1109	4	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	1109	5	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	1109	6	occur	occur	VB
work_3ehybzpqvbdsjlegtnkdycupja	1109	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1109	8	depending	depend	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1109	9	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1109	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1109	11	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	1109	12	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1109	13	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1109	14	trades	trade	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1109	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1110	1	To	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1110	2	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	1110	3	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1110	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1110	5	note	note	VB
work_3ehybzpqvbdsjlegtnkdycupja	1110	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1110	7	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	1110	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1110	9	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1110	10	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1110	11	λ2	λ2	IN
work_3ehybzpqvbdsjlegtnkdycupja	1110	12	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1110	13	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1110	14	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1110	15	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1110	16	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1110	17	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1110	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1110	19	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1110	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1110	21	A.27	a.27	FW
work_3ehybzpqvbdsjlegtnkdycupja	1110	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1110	23	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	1110	24	needs	need	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1110	25	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1110	26	−β∆a2	−β∆a2	JJR
work_3ehybzpqvbdsjlegtnkdycupja	1110	27	τi1	τi1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1110	28	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1110	29	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1110	30	a1τi1	a1τi1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1110	31	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1110	32	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1110	33	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1110	34	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1110	35	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	1110	36	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	1110	37	rearranged	rearrange	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1110	38	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1110	39	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1110	40	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1110	41	implicit	implicit	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1110	42	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1110	43	condition	condition	NN
work_3ehybzpqvbdsjlegtnkdycupja	1110	44	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1110	45	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1110	46	magnitude	magnitude	NN
work_3ehybzpqvbdsjlegtnkdycupja	1110	47	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1110	48	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1110	49	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1110	50	a1τi1	a1τi1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1110	51	∆a2(τi1	∆a2(τi1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1110	52	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1110	53	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1110	54	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1110	55	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1110	56	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1110	57	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1110	58	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1110	59	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1111	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1111	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1111	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1111	4	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1111	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1111	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1111	7	above	above	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1111	8	condition	condition	NN
work_3ehybzpqvbdsjlegtnkdycupja	1111	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1111	10	never	never	RB
work_3ehybzpqvbdsjlegtnkdycupja	1111	11	satisfied	satisfied	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1111	12	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1112	1	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	1112	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1112	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1112	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1112	5	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1112	6	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	1112	7	exists	exist	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1112	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1112	9	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1112	10	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1112	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1112	12	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1112	13	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1112	14	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1112	15	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1112	16	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1112	17	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1112	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1113	1	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	1113	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1113	3	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1113	4	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1113	5	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1113	6	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1113	7	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1113	8	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	1113	9	display	display	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1113	10	reversal	reversal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1113	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1114	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1114	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1114	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1114	4	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1114	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1114	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1114	7	condition	condition	NN
work_3ehybzpqvbdsjlegtnkdycupja	1114	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1114	9	satisfied	satisfied	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1114	10	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1114	11	a1τv	a1τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1114	12	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1114	13	a1(τε	a1(τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1114	14	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1114	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1114	16	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1114	17	1τu	1τu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1114	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1114	19	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1114	20	∆a2τu(τε	∆a2τu(τε	.
work_3ehybzpqvbdsjlegtnkdycupja	1114	21	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1114	22	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1114	23	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1114	24	1τu	1τu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1114	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1114	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1115	1	65	65	CD
work_3ehybzpqvbdsjlegtnkdycupja	1115	2	Isolating	isolate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1115	3	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1115	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1115	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1115	6	above	above	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1115	7	expression	expression	NN
work_3ehybzpqvbdsjlegtnkdycupja	1115	8	yields	yield	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1115	9	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1115	10	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1115	11	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1115	12	τ̂v	τ̂v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1115	13	≡	≡	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1115	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1115	15	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1115	16	−a1)(τε	−a1)(τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1115	17	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1115	18	a21τu	a21τu	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1115	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1115	20	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1115	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1115	22	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1115	23	A.28	A.28	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1115	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1115	25	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1115	26	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1115	27	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	1115	28	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1115	29	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1115	30	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1115	31	depend	depend	VB
work_3ehybzpqvbdsjlegtnkdycupja	1115	32	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1115	33	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1115	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1115	35	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	1115	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1115	37	A.17	a.17	NN
work_3ehybzpqvbdsjlegtnkdycupja	1115	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1115	39	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1115	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1115	41	gives	give	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1115	42	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1115	43	explicit	explicit	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1115	44	upper	upper	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1115	45	bound	bind	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1115	46	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1115	47	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1115	48	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1116	1	Hence	hence	RB
work_3ehybzpqvbdsjlegtnkdycupja	1116	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1116	3	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1116	4	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1116	5	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1116	6	τ̂v	τ̂v	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1116	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1116	8	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	1116	9	exists	exist	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1116	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1116	11	β̂	β̂	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1116	12	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1116	13	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1116	14	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1116	15	all	all	DT
work_3ehybzpqvbdsjlegtnkdycupja	1116	16	β	β	NN
work_3ehybzpqvbdsjlegtnkdycupja	1116	17	≥	≥	UH
work_3ehybzpqvbdsjlegtnkdycupja	1116	18	β̂	β̂	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1116	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1116	20	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1116	21	τη	τη	FW
work_3ehybzpqvbdsjlegtnkdycupja	1116	22	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1116	23	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1116	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1116	25	momentum	momentum	NN
work_3ehybzpqvbdsjlegtnkdycupja	1116	26	occurs	occur	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1116	27	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	1116	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1116	29	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1116	30	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1116	31	third	third	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1116	32	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1116	33	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1116	34	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1116	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1116	36	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	1116	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1117	1	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1117	2	66	66	CD
work_3ehybzpqvbdsjlegtnkdycupja	1117	3	B	B	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1117	4	Online	Online	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1117	5	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1117	6	B.1	B.1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1117	7	Non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1117	8	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1117	9	monotone	monotone	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1117	10	comparative	comparative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1117	11	statics	static	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1117	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1117	13	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1117	14	adjust-	adjust-	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1117	15	ment	ment	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1117	16	What	what	WP
work_3ehybzpqvbdsjlegtnkdycupja	1117	17	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1117	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1117	19	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1117	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1117	21	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1117	22	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	1117	23	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1117	24	parameters	parameter	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1117	25	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	1117	26	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1117	27	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1117	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1117	29	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1117	30	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1117	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1117	32	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1117	33	?	?	.
work_3ehybzpqvbdsjlegtnkdycupja	1118	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1118	2	answer	answer	NN
work_3ehybzpqvbdsjlegtnkdycupja	1118	3	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1118	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1118	5	question	question	NN
work_3ehybzpqvbdsjlegtnkdycupja	1118	6	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1118	7	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1118	8	whether	whether	IN
work_3ehybzpqvbdsjlegtnkdycupja	1118	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1118	10	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1118	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1118	12	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1118	13	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	1118	14	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1118	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1119	1	Starting	start	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1119	2	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1119	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1119	4	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1119	6	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1119	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1119	8	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1119	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1119	10	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1119	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1119	12	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	13	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1119	14	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1119	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1119	16	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1119	18	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1119	20	b	b	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1119	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1119	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1119	23	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1119	24	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1119	25	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1119	26	decrease	decrease	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	27	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1119	28	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1119	29	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	30	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	31	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	1119	32	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1119	33	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	34	tolerance	tolerance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	35	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	1119	36	have	have	VB
work_3ehybzpqvbdsjlegtnkdycupja	1119	37	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1119	38	non-	non-	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	39	monotone	monotone	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1119	40	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	41	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1119	42	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1119	43	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1119	44	thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	1119	45	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1119	46	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1119	47	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1119	48	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	49	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1119	50	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1119	51	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1119	52	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1119	53	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1119	54	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	1119	55	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1119	56	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1119	57	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1120	1	To	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1120	2	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	1120	3	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1120	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1120	5	consider	consider	VB
work_3ehybzpqvbdsjlegtnkdycupja	1120	6	first	first	RB
work_3ehybzpqvbdsjlegtnkdycupja	1120	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1120	8	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1120	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1120	10	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1120	11	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1120	12	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	1120	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1121	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	1121	2	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1121	3	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1121	4	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1121	5	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1121	6	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1121	7	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1121	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1121	9	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1121	10	=	=	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1121	11	9.5	9.5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1121	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1121	13	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1121	14	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1121	15	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1121	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1121	17	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1121	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1121	19	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1121	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1121	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1121	22	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1121	23	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1121	24	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1121	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1122	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1122	2	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	1122	3	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	1122	4	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1122	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1122	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1122	7	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1122	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1122	9	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1122	10	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1122	11	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	1122	12	a∗1	a∗1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1122	13	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1122	14	4.001	4.001	CD
work_3ehybzpqvbdsjlegtnkdycupja	1122	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1122	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1122	17	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1122	18	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1122	19	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1122	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1122	21	5.606	5.606	CD
work_3ehybzpqvbdsjlegtnkdycupja	1122	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1122	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1122	24	correspond	correspond	VB
work_3ehybzpqvbdsjlegtnkdycupja	1122	25	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1122	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1122	27	intersection	intersection	NN
work_3ehybzpqvbdsjlegtnkdycupja	1122	28	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1122	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1122	30	orange	orange	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1122	31	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1122	32	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1122	33	function	function	NN
work_3ehybzpqvbdsjlegtnkdycupja	1122	34	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1122	35	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1122	36	45-degree	45-degree	CD
work_3ehybzpqvbdsjlegtnkdycupja	1122	37	line	line	NN
work_3ehybzpqvbdsjlegtnkdycupja	1122	38	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1122	39	Figure	Figure	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1122	40	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1122	41	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1122	42	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1122	43	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1122	44	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1122	45	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1122	46	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1122	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1123	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	1123	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1123	3	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1123	4	coordinates	coordinate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1123	5	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1123	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1123	7	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	1123	8	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1124	1	Suppose	suppose	VB
work_3ehybzpqvbdsjlegtnkdycupja	1124	2	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	1124	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1124	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1124	5	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	1124	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1124	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1124	8	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1124	9	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1124	10	decreases	decrease	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1124	11	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1124	12	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1124	13	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1124	14	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	1124	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1125	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1125	2	new	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1125	3	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1125	4	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1125	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1125	6	depicted	depict	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1125	7	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1125	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1125	9	dashed	dash	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1125	10	curve	curve	NN
work_3ehybzpqvbdsjlegtnkdycupja	1125	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1125	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1125	13	figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	1125	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1126	1	Again	again	RB
work_3ehybzpqvbdsjlegtnkdycupja	1126	2	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1126	3	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1126	4	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	1126	5	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1126	6	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1126	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1126	8	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1126	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1126	10	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1126	11	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1126	12	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	1126	13	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1126	14	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1126	15	∗,NEW	∗,NEW	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1126	16	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1126	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1126	18	2.906	2.906	CD
work_3ehybzpqvbdsjlegtnkdycupja	1126	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1126	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1126	21	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1126	22	∗∗∗,NEW	∗∗∗,NEW	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1126	23	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1126	24	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1126	25	4.124	4.124	CD
work_3ehybzpqvbdsjlegtnkdycupja	1126	26	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1127	1	49	49	CD
work_3ehybzpqvbdsjlegtnkdycupja	1127	2	Which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1127	3	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1127	4	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1127	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1127	6	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1127	7	coordinate	coordinate	VB
work_3ehybzpqvbdsjlegtnkdycupja	1127	8	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1127	9	?	?	.
work_3ehybzpqvbdsjlegtnkdycupja	1128	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1128	2	adaptive	adaptive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1128	3	dynamics	dynamic	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1128	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1128	5	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1128	6	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	1128	7	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	1128	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1128	9	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1128	10	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	1128	11	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	1128	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1128	13	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1128	14	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1129	1	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	1129	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1129	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1129	4	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1129	5	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1129	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1129	7	decrease	decrease	NN
work_3ehybzpqvbdsjlegtnkdycupja	1129	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1129	9	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1129	10	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1129	11	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	1129	12	determines	determine	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1129	13	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1129	14	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	1129	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1129	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1129	17	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1129	18	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1129	19	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1129	20	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1129	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1129	22	informational	informational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1129	23	efficiency	efficiency	NN
work_3ehybzpqvbdsjlegtnkdycupja	1129	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1129	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1129	26	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1129	27	decrease	decrease	NN
work_3ehybzpqvbdsjlegtnkdycupja	1129	28	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1129	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1129	30	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1129	31	volatility	volatility	NN
work_3ehybzpqvbdsjlegtnkdycupja	1129	32	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1129	33	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1129	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1129	35	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1129	36	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1129	37	initial	initial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1129	38	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1129	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1129	40	Var1[p2	Var1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1129	41	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1129	42	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1129	43	0.00035	0.00035	CD
work_3ehybzpqvbdsjlegtnkdycupja	1129	44	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1129	45	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	1129	46	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1129	47	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1129	48	new	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1129	49	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1129	50	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1129	51	Var1[p2	Var1[p2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1129	52	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1129	53	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1129	54	0.00013	0.00013	CD
work_3ehybzpqvbdsjlegtnkdycupja	1129	55	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1129	56	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1130	1	Non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1130	2	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1130	3	monotonicity	monotonicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1130	4	requires	require	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1130	5	however	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	1130	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1130	7	sufficiently	sufficiently	RB
work_3ehybzpqvbdsjlegtnkdycupja	1130	8	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1130	9	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	1130	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1130	11	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1130	12	precision.50	precision.50	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1130	13	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	1130	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1130	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1130	16	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1130	17	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1130	18	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	1130	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1130	20	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1130	21	repeat	repeat	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1130	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1130	23	same	same	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1130	24	exercise	exercise	NN
work_3ehybzpqvbdsjlegtnkdycupja	1130	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1130	26	assuming	assume	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1130	27	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1130	28	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1130	29	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1130	30	lowered	lower	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1130	31	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1130	32	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	1130	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1131	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1131	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1131	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1131	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1131	5	adaptive	adaptive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1131	6	dynamics	dynamic	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1131	7	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1131	8	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1131	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1131	10	new	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1131	11	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1131	12	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1131	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1131	14	dashed	dash	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1131	15	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1131	16	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1131	17	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1131	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1131	19	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1131	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1132	1	Panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1132	2	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1132	3	c	c	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1132	4	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1132	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1132	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1132	7	d	d	NN
work_3ehybzpqvbdsjlegtnkdycupja	1132	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1132	9	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1132	10	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1132	11	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1132	12	effects	effect	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1132	13	arise	arise	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1132	14	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1132	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1132	16	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	1132	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1132	18	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	1132	19	tolerance	tolerance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1132	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1133	1	Consider	consider	VB
work_3ehybzpqvbdsjlegtnkdycupja	1133	2	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	1133	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1133	4	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1133	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1133	6	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1133	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1133	8	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1133	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1133	10	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1133	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1134	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1134	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1134	3	situation	situation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1134	4	numerical	numerical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1134	5	simulations	simulation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1134	6	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1134	7	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1134	8	starting	start	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1134	9	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1134	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1134	11	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1134	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1134	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1134	14	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1134	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1134	16	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1134	17	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	1134	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1134	19	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	1134	20	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1134	21	very	very	RB
work_3ehybzpqvbdsjlegtnkdycupja	1134	22	mild	mild	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1134	23	one	one	NN
work_3ehybzpqvbdsjlegtnkdycupja	1134	24	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1134	25	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1134	26	parameters	parameter	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1134	27	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	1134	28	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1134	29	depends	depend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1134	30	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1134	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1134	32	persistence	persistence	NN
work_3ehybzpqvbdsjlegtnkdycupja	1134	33	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1134	34	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1134	35	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1134	36	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	1134	37	demand	demand	NN
work_3ehybzpqvbdsjlegtnkdycupja	1134	38	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1135	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1135	2	detail	detail	NN
work_3ehybzpqvbdsjlegtnkdycupja	1135	3	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1135	4	49In	49in	CD
work_3ehybzpqvbdsjlegtnkdycupja	1135	5	both	both	DT
work_3ehybzpqvbdsjlegtnkdycupja	1135	6	cases	case	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1135	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1135	8	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1135	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1135	10	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1135	11	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1135	12	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	1135	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1135	14	∂ψ/∂a1)|a1	∂ψ/∂a1)|a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1135	15	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1135	16	a∗∗∗1	a∗∗∗1	UH
work_3ehybzpqvbdsjlegtnkdycupja	1135	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1135	18	−.24	−.24	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1135	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1135	20	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1135	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1135	22	∂ψ/∂a1)|a1	∂ψ/∂a1)|a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1135	23	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1135	24	a∗∗∗,NEW1	a∗∗∗,NEW1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1135	25	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1135	26	.35	.35	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1135	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1136	1	50Denoting	50denote	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1136	2	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	1136	3	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1136	4	ψ	ψ	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1136	5	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1136	6	ψNEW	ψNEW	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1136	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1136	8	orange	orange	NN
work_3ehybzpqvbdsjlegtnkdycupja	1136	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1136	10	dashed	dash	VBD
work_3ehybzpqvbdsjlegtnkdycupja	1136	11	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1136	12	responses	response	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1136	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1136	14	non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1136	15	monotonicity	monotonicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1136	16	requires	require	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1136	17	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1136	18	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	1136	19	ψ(a∗1	ψ(a∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1136	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1136	21	>	>	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1136	22	ψ	ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1136	23	NEW	NEW	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1136	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1136	25	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1136	26	∗∗,NEW	∗∗,new	$
work_3ehybzpqvbdsjlegtnkdycupja	1136	27	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1136	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1136	29	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1137	1	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1137	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1137	3	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	1137	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1137	5	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1137	6	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	1137	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1137	8	such	such	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1137	9	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1137	10	ψ(a	ψ(a	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1137	11	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1137	12	1	1	LS
work_3ehybzpqvbdsjlegtnkdycupja	1137	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1137	14	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1137	15	ψNEW	ψnew	FW
work_3ehybzpqvbdsjlegtnkdycupja	1137	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1137	17	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1137	18	∗∗∗,NEW	∗∗∗,NEW	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1137	19	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1137	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1137	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1137	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1137	23	new	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1137	24	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1137	25	along	along	IN
work_3ehybzpqvbdsjlegtnkdycupja	1137	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1137	27	dashed	dash	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1137	28	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1137	29	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1137	30	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1137	31	still	still	RB
work_3ehybzpqvbdsjlegtnkdycupja	1137	32	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1137	33	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1137	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1137	35	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	1137	36	monotonicity	monotonicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1137	37	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1137	38	restored	restore	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1137	39	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	1137	40	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1137	41	∗∗∗,NEW	∗∗∗,NEW	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1137	42	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1137	43	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1137	44	a	a	FW
work_3ehybzpqvbdsjlegtnkdycupja	1137	45	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1137	46	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1137	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1138	1	67	67	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	2	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	3	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	4	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	5	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	6	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	7	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	8	a1	a1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	9	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	10	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	11	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	12	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	13	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	14	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	15	ΨHa1	ΨHa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	16	L	L	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	17	ΤΕ	ΤΕ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1138	19	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	20	ΤΕ	ΤΕ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	21	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1138	22	9.5	9.5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	23	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1138	24	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1138	25	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1138	26	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	27	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	28	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	29	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	30	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	31	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	32	a1	a1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	33	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	34	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	35	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	36	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	37	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	38	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	39	ΨHa1	ΨHa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	40	L	L	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	41	ΤΕ	ΤΕ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	42	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1138	43	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	44	ΤΕ	τε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	45	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1138	46	9.5	9.5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	47	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1138	48	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	49	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1138	50	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	51	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	52	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	53	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	54	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	55	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	56	a1	a1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	57	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	58	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	59	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	60	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	61	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	62	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	63	ΨHa1	ΨHa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	64	L	L	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	65	Γ=1	Γ=1	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	1138	66	�	�	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	67	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	68	Γ=1	Γ=1	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	1138	69	�	�	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	70	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	71	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1138	72	c	c	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	73	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1138	74	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	75	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	76	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	77	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	78	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	79	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	80	a1	a1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	81	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	82	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	83	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	84	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	85	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	86	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	87	ΨHa1	ΨHa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	88	L	L	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	89	Γ=5	Γ=5	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	90	�	�	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	91	12	12	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	92	Γ=1	Γ=1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1138	93	�	�	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	94	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	95	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1138	96	d	d	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	97	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1138	98	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	99	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1138	100	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1138	101	Adjustment	adjustment	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	102	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1138	103	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1138	104	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	1138	105	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1138	106	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1138	107	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1138	108	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1138	109	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1138	110	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1139	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1139	2	plot	plot	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1139	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1139	4	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1139	5	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1139	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1139	7	22	22	CD
work_3ehybzpqvbdsjlegtnkdycupja	1139	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1139	9	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1139	10	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1139	11	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1139	12	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1139	13	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1139	14	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1139	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1139	16	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1139	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1139	18	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1139	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1139	20	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1139	21	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1139	22	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1139	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1139	24	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1139	25	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1139	26	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1139	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1139	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1139	29	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1139	30	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1139	31	9.5	9.5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1139	32	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1139	33	orange	orange	NN
work_3ehybzpqvbdsjlegtnkdycupja	1139	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1139	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1140	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1140	2	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1140	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1140	4	a	a	LS
work_3ehybzpqvbdsjlegtnkdycupja	1140	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1140	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1140	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1140	8	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	1140	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1140	10	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1140	11	analyze	analyze	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1140	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1140	13	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1140	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1140	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1140	16	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	1140	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1140	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1140	19	precision	precision	NN
work_3ehybzpqvbdsjlegtnkdycupja	1140	20	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1140	21	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1140	22	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1140	23	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1140	24	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1140	25	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1140	26	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1140	27	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	1140	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1140	29	dashed	dash	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1140	30	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1140	31	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1140	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1140	33	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1140	34	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1140	35	a	a	LS
work_3ehybzpqvbdsjlegtnkdycupja	1140	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1140	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1140	38	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1140	39	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1140	40	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1140	41	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	1140	42	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1140	43	dashed	dash	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1140	44	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1140	45	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1140	46	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1140	47	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1140	48	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1140	49	b	b	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1140	50	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1140	51	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1140	52	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1141	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1141	2	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1141	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1141	4	c	c	NN
work_3ehybzpqvbdsjlegtnkdycupja	1141	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1141	6	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1141	7	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1141	8	d	d	NN
work_3ehybzpqvbdsjlegtnkdycupja	1141	9	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1141	10	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1141	11	analyze	analyze	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1141	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1141	13	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1141	14	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1141	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1141	16	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	1141	17	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1141	18	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	1141	19	tolerance	tolerance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1141	20	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1141	21	γ	γ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1141	22	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1141	23	1/3	1/3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1141	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1141	25	dashed	dash	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1141	26	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1141	27	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1141	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1141	29	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1141	30	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1141	31	c	c	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1141	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1141	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1141	34	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1141	35	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1141	36	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1141	37	5/12	5/12	CD
work_3ehybzpqvbdsjlegtnkdycupja	1141	38	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1141	39	dashed	dash	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1141	40	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1141	41	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1141	42	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1141	43	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1141	44	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1141	45	d	d	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1141	46	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1141	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1141	48	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1142	1	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1142	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1142	3	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1142	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1142	5	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1142	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1142	7	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1142	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1142	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1142	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1142	11	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1142	12	converges	converge	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1142	13	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1142	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1142	15	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1142	16	;	;	:
work_3ehybzpqvbdsjlegtnkdycupja	1142	17	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1142	18	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1142	19	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1142	20	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1142	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1142	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1142	23	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1142	24	oscillates	oscillate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1142	25	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	1142	26	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	1142	27	non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1142	28	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1142	29	equilibrium	equilibrium	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1142	30	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1142	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1143	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1143	2	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	1143	3	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	1143	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1143	5	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1143	6	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1143	7	a	a	LS
work_3ehybzpqvbdsjlegtnkdycupja	1143	8	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1143	9	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1143	10	plot	plot	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1143	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1143	12	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1143	13	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1143	14	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1143	15	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1143	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1143	17	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1143	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1143	19	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1143	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1143	21	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1143	22	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1143	23	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1143	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1143	25	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1143	26	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1143	27	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1143	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1143	29	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1143	30	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1143	31	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1143	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1143	33	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1143	34	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1143	35	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1143	36	.9	.9	XX
work_3ehybzpqvbdsjlegtnkdycupja	1143	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1144	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1144	2	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	1144	3	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	1144	4	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1144	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1144	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1144	7	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1144	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1144	9	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1144	10	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1144	11	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	1144	12	a∗1	a∗1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1144	13	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1144	14	9.04	9.04	CD
work_3ehybzpqvbdsjlegtnkdycupja	1144	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1144	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1144	17	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1144	18	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1144	19	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1144	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1144	21	12.25	12.25	CD
work_3ehybzpqvbdsjlegtnkdycupja	1144	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1144	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1144	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1144	25	slope	slope	NN
work_3ehybzpqvbdsjlegtnkdycupja	1144	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1144	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1144	28	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1144	29	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1144	30	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1144	31	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	1144	32	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	1144	33	points	point	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1144	34	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1144	35	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1144	36	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1144	37	ψ′(a∗1	ψ′(a∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1144	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1144	39	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1144	40	−.41	−.41	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1144	41	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1144	42	ψ	ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1144	43	′(a∗∗∗1	′(a∗∗∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1144	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1144	45	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1144	46	−2.12	−2.12	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1144	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1145	1	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1145	2	shown	show	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1145	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1145	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1145	5	figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	1145	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1145	7	perturbing	perturb	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1145	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1145	9	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1145	10	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1145	11	iterated	iterated	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1145	12	application	application	NN
work_3ehybzpqvbdsjlegtnkdycupja	1145	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1145	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1145	15	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1145	16	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1145	17	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1145	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1145	19	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1145	20	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1145	21	coordinate	coordinate	VB
work_3ehybzpqvbdsjlegtnkdycupja	1145	22	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1145	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1145	24	LIE	lie	NN
work_3ehybzpqvbdsjlegtnkdycupja	1145	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1146	1	Consider	consider	VB
work_3ehybzpqvbdsjlegtnkdycupja	1146	2	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	1146	3	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1146	4	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1146	5	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	1146	6	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1146	7	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1146	8	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1146	9	plot	plot	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1146	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1146	11	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1146	12	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1146	13	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1146	14	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1146	15	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1146	16	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1146	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1146	18	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1146	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1146	20	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1146	21	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1146	22	15	15	CD
work_3ehybzpqvbdsjlegtnkdycupja	1146	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1146	24	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1146	25	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1146	26	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1146	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1146	28	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1146	29	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1146	30	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1146	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1146	32	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1146	33	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1146	34	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1146	35	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1146	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1147	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1147	2	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	1147	3	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	1147	4	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1147	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1147	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1147	7	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1147	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1147	9	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1147	10	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1147	11	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	1147	12	a∗1	a∗1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1147	13	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1147	14	6.64	6.64	CD
work_3ehybzpqvbdsjlegtnkdycupja	1147	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1147	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1147	17	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1147	18	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1147	19	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1147	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1147	21	9.37	9.37	CD
work_3ehybzpqvbdsjlegtnkdycupja	1147	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1147	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1147	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1147	25	slope	slope	NN
work_3ehybzpqvbdsjlegtnkdycupja	1147	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1147	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1147	28	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1147	29	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1147	30	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1147	31	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	1147	32	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	1147	33	points	point	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1147	34	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1147	35	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1147	36	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1147	37	ψ′(a∗1	ψ′(a∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1147	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1147	39	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1147	40	−.43	−.43	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1147	41	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1147	42	ψ	ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1147	43	′(a∗∗∗1	′(a∗∗∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1147	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1147	45	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1147	46	−1.9	−1.9	NN
work_3ehybzpqvbdsjlegtnkdycupja	1147	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1148	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1148	2	68	68	CD
work_3ehybzpqvbdsjlegtnkdycupja	1148	3	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1148	4	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1148	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1148	6	iterating	iterate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1148	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1148	8	application	application	NN
work_3ehybzpqvbdsjlegtnkdycupja	1148	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1148	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1148	11	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1148	12	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1148	13	perturbing	perturb	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1148	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1148	15	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1148	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1148	17	after	after	IN
work_3ehybzpqvbdsjlegtnkdycupja	1148	18	about	about	RB
work_3ehybzpqvbdsjlegtnkdycupja	1148	19	380	380	CD
work_3ehybzpqvbdsjlegtnkdycupja	1148	20	iterations	iteration	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1148	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1148	22	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1148	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1148	24	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1148	25	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1148	26	oscillate	oscillate	VB
work_3ehybzpqvbdsjlegtnkdycupja	1148	27	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	1148	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1148	29	non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1148	30	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1148	31	equilibrium	equilibrium	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1148	32	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1148	33	7.99	7.99	CD
work_3ehybzpqvbdsjlegtnkdycupja	1148	34	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1148	35	10.75	10.75	CD
work_3ehybzpqvbdsjlegtnkdycupja	1148	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1149	1	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	1149	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1149	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1149	4	implication	implication	NN
work_3ehybzpqvbdsjlegtnkdycupja	1149	5	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1149	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1149	7	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1149	8	provided	provide	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1149	9	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1149	10	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1149	11	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1149	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1149	13	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1149	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1149	15	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1149	16	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1149	17	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1149	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1149	19	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1149	20	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1149	21	small	small	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1149	22	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	1149	23	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1149	24	parameter	parameter	VB
work_3ehybzpqvbdsjlegtnkdycupja	1149	25	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1149	26	leads	lead	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1149	27	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1149	28	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1149	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1149	30	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1149	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1150	1	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	2	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	3	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	4	15	15	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	5	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	6	a10	a10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	7	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	8	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	9	15	15	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	10	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	11	yHa1L	yHa1L	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1150	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1150	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1150	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1150	15	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	16	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	17	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	18	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	19	12	12	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	20	a14	a14	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	21	6	6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	22	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	23	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	24	12	12	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	25	yHa1L	yHa1L	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1150	26	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1150	27	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	1150	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1150	29	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	1150	30	7	7	CD
work_3ehybzpqvbdsjlegtnkdycupja	1150	31	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1150	32	Adjustment	adjustment	NN
work_3ehybzpqvbdsjlegtnkdycupja	1150	33	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1150	34	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1150	35	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	1150	36	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1150	37	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1150	38	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1150	39	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1150	40	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1150	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1151	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1151	2	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1151	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1151	4	a	a	LS
work_3ehybzpqvbdsjlegtnkdycupja	1151	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1151	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1151	7	plot	plot	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1151	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1151	9	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1151	10	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1151	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1151	12	22	22	CD
work_3ehybzpqvbdsjlegtnkdycupja	1151	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1151	14	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1151	15	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1151	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1151	17	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1151	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1151	19	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1151	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1151	21	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1151	22	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1151	23	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1151	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1151	25	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1151	26	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1151	27	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1151	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1151	29	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1151	30	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1151	31	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1151	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1151	33	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1151	34	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1151	35	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1151	36	.9	.9	XX
work_3ehybzpqvbdsjlegtnkdycupja	1151	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1152	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1152	2	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	1152	3	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	1152	4	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1152	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1152	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1152	7	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1152	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1152	9	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1152	10	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1152	11	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	1152	12	a∗1	a∗1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1152	13	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1152	14	9.04	9.04	CD
work_3ehybzpqvbdsjlegtnkdycupja	1152	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1152	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1152	17	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1152	18	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1152	19	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1152	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1152	21	12.25	12.25	CD
work_3ehybzpqvbdsjlegtnkdycupja	1152	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1152	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1152	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1152	25	slope	slope	NN
work_3ehybzpqvbdsjlegtnkdycupja	1152	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1152	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1152	28	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1152	29	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1152	30	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1152	31	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	1152	32	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	1152	33	points	point	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1152	34	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1152	35	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1152	36	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1152	37	ψ′(a∗1	ψ′(a∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1152	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1152	39	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1152	40	−.41	−.41	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1152	41	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1152	42	ψ′(a∗∗∗1	ψ′(a∗∗∗1	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1152	43	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1152	44	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1152	45	−2.12	−2.12	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1152	46	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1153	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1153	2	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1153	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1153	4	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	1153	5	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1153	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1153	7	plot	plot	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1153	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1153	9	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1153	10	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1153	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1153	12	22	22	CD
work_3ehybzpqvbdsjlegtnkdycupja	1153	13	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1153	14	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1153	15	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1153	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1153	17	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1153	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1153	19	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1153	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1153	21	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1153	22	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1153	23	15	15	CD
work_3ehybzpqvbdsjlegtnkdycupja	1153	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1153	25	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1153	26	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1153	27	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1153	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1153	29	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1153	30	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1153	31	1/2	1/2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1153	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1153	33	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1153	34	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1153	35	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1153	36	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1153	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1154	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1154	2	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	1154	3	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	1154	4	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1154	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1154	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1154	7	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1154	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1154	9	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1154	10	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1154	11	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	1154	12	a∗1	a∗1	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1154	13	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1154	14	6.64	6.64	CD
work_3ehybzpqvbdsjlegtnkdycupja	1154	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1154	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1154	17	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1154	18	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1154	19	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1154	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1154	21	9.37	9.37	CD
work_3ehybzpqvbdsjlegtnkdycupja	1154	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1154	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1154	24	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1154	25	slope	slope	NN
work_3ehybzpqvbdsjlegtnkdycupja	1154	26	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1154	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1154	28	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1154	29	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1154	30	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1154	31	these	these	DT
work_3ehybzpqvbdsjlegtnkdycupja	1154	32	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	1154	33	points	point	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1154	34	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1154	35	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1154	36	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1154	37	ψ′(a∗1	ψ′(a∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1154	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1154	39	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1154	40	−.43	−.43	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1154	41	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1154	42	ψ	ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1154	43	′(a∗∗∗1	′(a∗∗∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1154	44	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1154	45	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1154	46	−1.9	−1.9	NN
work_3ehybzpqvbdsjlegtnkdycupja	1154	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1155	1	B.2	B.2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1155	2	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1155	3	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1155	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1155	5	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1155	6	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1155	7	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1155	8	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1155	9	section	section	NN
work_3ehybzpqvbdsjlegtnkdycupja	1155	10	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1155	11	perform	perform	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1155	12	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1155	13	robustness	robustness	NN
work_3ehybzpqvbdsjlegtnkdycupja	1155	14	exercise	exercise	NN
work_3ehybzpqvbdsjlegtnkdycupja	1155	15	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1155	16	assume	assume	VB
work_3ehybzpqvbdsjlegtnkdycupja	1155	17	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1155	18	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1155	19	face	face	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1155	20	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1155	21	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1155	22	over	over	IN
work_3ehybzpqvbdsjlegtnkdycupja	1155	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1155	24	final	final	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1155	25	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1155	26	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	1155	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1156	1	Therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	1156	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1156	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1156	4	model	model	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1156	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1156	6	final	final	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1156	7	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	1156	8	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1156	9	v̂	v̂	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1156	10	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1156	11	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1156	12	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1156	13	δ	δ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1156	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1156	15	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1156	16	δ	δ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1156	17	∼	∼	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1156	18	N(0,τ−1δ	N(0,τ−1δ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1156	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1156	20	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1156	21	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1156	22	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1156	23	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1156	24	orthogonal	orthogonal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1156	25	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1156	26	all	all	PDT
work_3ehybzpqvbdsjlegtnkdycupja	1156	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1156	28	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1156	29	variables	variable	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1156	30	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1156	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1156	32	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1156	33	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1156	34	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1156	35	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	1156	36	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1156	37	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	1156	38	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	1156	39	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1156	40	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1156	41	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1157	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1157	2	addition	addition	NN
work_3ehybzpqvbdsjlegtnkdycupja	1157	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1157	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1157	5	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1157	6	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1157	7	δ	δ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1157	8	allows	allow	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1157	9	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1157	10	study	study	VB
work_3ehybzpqvbdsjlegtnkdycupja	1157	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1157	12	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1157	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1157	14	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1157	15	increase	increase	NN
work_3ehybzpqvbdsjlegtnkdycupja	1157	16	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1157	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1157	18	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1157	19	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1157	20	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1157	21	surrounds	surround	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1157	22	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1157	23	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	1157	24	environment	environment	NN
work_3ehybzpqvbdsjlegtnkdycupja	1157	25	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1157	26	periods	period	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1157	27	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1157	28	heightened	heightened	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1157	29	turbulence	turbulence	NN
work_3ehybzpqvbdsjlegtnkdycupja	1157	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1157	31	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1157	32	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1157	33	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1157	34	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1157	35	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1157	36	crash	crash	NN
work_3ehybzpqvbdsjlegtnkdycupja	1157	37	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	1157	38	occur	occur	VB
work_3ehybzpqvbdsjlegtnkdycupja	1157	39	within	within	IN
work_3ehybzpqvbdsjlegtnkdycupja	1157	40	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1157	41	framework	framework	NN
work_3ehybzpqvbdsjlegtnkdycupja	1157	42	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1158	1	Intuitively	intuitively	RB
work_3ehybzpqvbdsjlegtnkdycupja	1158	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1158	3	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1158	4	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1158	5	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1158	6	faced	face	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1158	7	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1158	8	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1158	9	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1158	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1158	11	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1158	12	put	put	VBD
work_3ehybzpqvbdsjlegtnkdycupja	1158	13	less	less	JJR
work_3ehybzpqvbdsjlegtnkdycupja	1158	14	weight	weight	NN
work_3ehybzpqvbdsjlegtnkdycupja	1158	15	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1158	16	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1158	17	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1158	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1158	19	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	1158	20	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1158	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1158	22	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1158	23	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1158	24	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1158	25	less	less	RBR
work_3ehybzpqvbdsjlegtnkdycupja	1158	26	useful	useful	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1158	27	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1158	28	predict	predict	VB
work_3ehybzpqvbdsjlegtnkdycupja	1158	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1158	30	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	1158	31	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	1158	32	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1159	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1159	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1159	3	likely	likely	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1159	4	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1159	5	weaken	weaken	VB
work_3ehybzpqvbdsjlegtnkdycupja	1159	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1159	7	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1159	8	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	1159	9	69	69	CD
work_3ehybzpqvbdsjlegtnkdycupja	1159	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1159	11	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1159	12	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	1159	13	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	1159	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1159	15	eliminating	eliminate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1159	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1159	17	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1159	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1160	1	Our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1160	2	analysis	analysis	NN
work_3ehybzpqvbdsjlegtnkdycupja	1160	3	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1160	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1160	5	however	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	1160	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1160	7	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1160	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1160	9	general	general	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1160	10	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1160	11	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1160	12	does	do	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1160	13	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1160	14	eliminate	eliminate	VB
work_3ehybzpqvbdsjlegtnkdycupja	1160	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1160	16	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1160	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1160	18	nor	nor	CC
work_3ehybzpqvbdsjlegtnkdycupja	1160	19	makes	make	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1160	20	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1160	21	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1160	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1161	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1161	2	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1161	3	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1161	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1161	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1161	6	expressions	expression	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1161	7	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1161	8	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1161	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1161	10	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1161	11	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	1161	12	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1161	13	do	do	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1161	14	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1161	15	change	change	VB
work_3ehybzpqvbdsjlegtnkdycupja	1161	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1161	17	that	that	RB
work_3ehybzpqvbdsjlegtnkdycupja	1161	18	is	is	RB
work_3ehybzpqvbdsjlegtnkdycupja	1161	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1161	20	expressions	expression	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1161	21	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1161	22	8)	8)	CD
work_3ehybzpqvbdsjlegtnkdycupja	1161	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1161	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1161	25	19	19	CD
work_3ehybzpqvbdsjlegtnkdycupja	1161	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1161	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1161	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1161	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1161	30	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1161	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1161	32	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1161	33	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1161	34	paper	paper	NN
work_3ehybzpqvbdsjlegtnkdycupja	1161	35	hold	hold	NN
work_3ehybzpqvbdsjlegtnkdycupja	1161	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1161	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1162	1	However	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	1162	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1162	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1162	4	equi-	equi-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1162	5	librium	librium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1162	6	obtains	obtain	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1162	7	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1162	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1162	9	solution	solution	NN
work_3ehybzpqvbdsjlegtnkdycupja	1162	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1162	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1162	12	system	system	NN
work_3ehybzpqvbdsjlegtnkdycupja	1162	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1162	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1162	15	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1162	16	highly	highly	RB
work_3ehybzpqvbdsjlegtnkdycupja	1162	17	non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1162	18	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1162	19	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1162	20	equations	equation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1162	21	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1162	22	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1162	23	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1162	24	fa2	fa2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1162	25	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1162	26	a1,a2	a1,a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1162	27	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1162	28	≡	≡	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1162	29	γτε	γτε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1162	30	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1162	31	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1162	32	κ	κ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1162	33	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1162	34	B.1a	B.1a	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1162	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1162	36	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1162	37	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1162	38	fa1	fa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1162	39	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1162	40	a1,a2	a1,a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1162	41	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1162	42	≡	≡	.
work_3ehybzpqvbdsjlegtnkdycupja	1162	43	γ2τi2(∆a2(1	γ2τi2(∆a2(1	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1162	44	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1162	45	κ	κ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1162	46	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1162	47	γτu∆a2	γτu∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1162	48	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1162	49	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1162	50	γτη)τετu	γτη)τετu	FW
work_3ehybzpqvbdsjlegtnkdycupja	1162	51	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1162	52	∆a2(1	∆a2(1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1162	53	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1162	54	γτu∆a2	γτu∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1162	55	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1162	56	κ	κ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1162	57	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1162	58	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1162	59	γτη)2τu	γτη)2τu	NN
work_3ehybzpqvbdsjlegtnkdycupja	1162	60	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1162	61	τi1((1	τi1((1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1162	62	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1162	63	γτu∆a2	γτu∆a2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1162	64	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1162	65	κ)2	κ)2	XX
work_3ehybzpqvbdsjlegtnkdycupja	1162	66	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1162	67	γ2τητu	γ2τητu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1162	68	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1162	69	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1163	1	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1163	2	B.1b	B.1b	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1163	3	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1163	4	Inspection	Inspection	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1163	5	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1163	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1163	7	cubic	cubic	NN
work_3ehybzpqvbdsjlegtnkdycupja	1163	8	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1163	9	B.1a	B.1a	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1163	10	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1163	11	shows	show	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1163	12	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1163	13	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1163	14	possesses	possess	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1163	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1163	16	unique	unique	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1163	17	real	real	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1163	18	solution	solution	NN
work_3ehybzpqvbdsjlegtnkdycupja	1163	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1163	20	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1163	21	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	1163	22	therefore	therefore	RB
work_3ehybzpqvbdsjlegtnkdycupja	1163	23	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	1163	24	substituted	substitute	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1163	25	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1163	26	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1163	27	B.1b	B.1b	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1163	28	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1163	29	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1163	30	solve	solve	VB
work_3ehybzpqvbdsjlegtnkdycupja	1163	31	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1163	32	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1163	33	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1163	34	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1163	35	fixed	fix	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1163	36	point	point	NN
work_3ehybzpqvbdsjlegtnkdycupja	1163	37	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1163	38	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1163	39	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1163	40	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1163	41	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1163	42	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1163	43	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1163	44	fa1	fa1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1163	45	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1163	46	a1,a2(a1	a1,a2(a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1163	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1163	48	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1163	49	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1164	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1164	2	F8Figure	f8figure	CD
work_3ehybzpqvbdsjlegtnkdycupja	1164	3	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	1164	4	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1164	5	show	show	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1164	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1164	7	plot	plot	NN
work_3ehybzpqvbdsjlegtnkdycupja	1164	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1164	9	such	such	PDT
work_3ehybzpqvbdsjlegtnkdycupja	1164	10	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1164	11	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1164	12	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1164	13	mapping	mapping	NN
work_3ehybzpqvbdsjlegtnkdycupja	1164	14	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1164	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1164	16	following	follow	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1164	17	parameterization	parameterization	NN
work_3ehybzpqvbdsjlegtnkdycupja	1164	18	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1164	19	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1164	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1164	21	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1164	22	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1164	23	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1164	24	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1164	25	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1164	26	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1164	27	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	1164	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1164	29	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1164	30	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1164	31	2/3	2/3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1164	32	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1164	33	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1164	34	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1164	35	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1164	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1164	37	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1164	38	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1164	39	9/10	9/10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1164	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1164	41	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1164	42	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1164	43	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1164	44	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1164	45	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1164	46	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1164	47	70	70	CD
work_3ehybzpqvbdsjlegtnkdycupja	1164	48	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1164	49	75	75	CD
work_3ehybzpqvbdsjlegtnkdycupja	1164	50	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1164	51	100	100	CD
work_3ehybzpqvbdsjlegtnkdycupja	1164	52	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1164	53	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1165	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1165	2	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1165	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1165	4	100	100	CD
work_3ehybzpqvbdsjlegtnkdycupja	1165	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1165	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1165	7	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1165	8	5	5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1165	9	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1165	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1165	11	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	1165	12	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	1165	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1165	14	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1165	15	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1165	16	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1165	17	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1165	18	respect	respect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1165	19	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1165	20	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1165	21	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1165	22	dynamics	dynamic	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1165	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1166	1	Furthermore	furthermore	RB
work_3ehybzpqvbdsjlegtnkdycupja	1166	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1166	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1166	4	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1166	5	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1166	6	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1166	7	higher	high	JJR
work_3ehybzpqvbdsjlegtnkdycupja	1166	8	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	1166	9	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1166	10	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1166	11	displays	display	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1166	12	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1166	13	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1166	14	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	1166	15	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	1166	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1166	17	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1166	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1166	19	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1166	20	shown	show	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1166	21	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1166	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1166	23	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1166	24	row	row	NN
work_3ehybzpqvbdsjlegtnkdycupja	1166	25	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1166	26	Table	table	NN
work_3ehybzpqvbdsjlegtnkdycupja	1166	27	B.1	B.1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1166	28	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1167	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1167	2	suggests	suggest	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1167	3	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1167	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1167	5	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1167	6	retrospective	retrospective	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1167	7	inference	inference	NN
work_3ehybzpqvbdsjlegtnkdycupja	1167	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1167	9	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1167	10	too	too	RB
work_3ehybzpqvbdsjlegtnkdycupja	1167	11	strong	strong	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1167	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1167	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1167	14	presence	presence	NN
work_3ehybzpqvbdsjlegtnkdycupja	1167	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1167	16	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1167	17	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1167	18	per	per	IN
work_3ehybzpqvbdsjlegtnkdycupja	1167	19	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1167	20	se	se	NN
work_3ehybzpqvbdsjlegtnkdycupja	1167	21	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1167	22	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1167	23	sufficient	sufficient	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1167	24	neither	neither	CC
work_3ehybzpqvbdsjlegtnkdycupja	1167	25	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1167	26	make	make	VB
work_3ehybzpqvbdsjlegtnkdycupja	1167	27	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1167	28	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1167	29	disappear	disappear	VB
work_3ehybzpqvbdsjlegtnkdycupja	1167	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1167	31	nor	nor	CC
work_3ehybzpqvbdsjlegtnkdycupja	1167	32	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1167	33	make	make	VB
work_3ehybzpqvbdsjlegtnkdycupja	1167	34	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1167	35	unstable	unstable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1167	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1168	1	Of	of	RB
work_3ehybzpqvbdsjlegtnkdycupja	1168	2	course	course	RB
work_3ehybzpqvbdsjlegtnkdycupja	1168	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1168	4	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1168	5	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1168	6	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1168	7	increases	increase	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1168	8	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1168	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1168	10	strength	strength	NN
work_3ehybzpqvbdsjlegtnkdycupja	1168	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1168	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1168	13	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	1168	14	weakens	weaken	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1168	15	even	even	RB
work_3ehybzpqvbdsjlegtnkdycupja	1168	16	more	more	JJR
work_3ehybzpqvbdsjlegtnkdycupja	1168	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1168	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1168	19	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1168	20	tends	tend	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1168	21	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1168	22	disappear	disappear	VB
work_3ehybzpqvbdsjlegtnkdycupja	1168	23	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1168	24	shown	show	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1168	25	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1168	26	panels	panel	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1168	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1168	28	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	1168	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1168	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1168	31	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1168	32	c	c	NN
work_3ehybzpqvbdsjlegtnkdycupja	1168	33	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1168	34	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1168	35	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1168	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1168	37	d	d	NN
work_3ehybzpqvbdsjlegtnkdycupja	1168	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1168	39	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1168	40	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1168	41	figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	1168	42	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1168	43	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1168	44	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1168	45	plot	plot	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1168	46	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1168	47	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1168	48	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1168	49	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1168	50	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1168	51	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1168	52	75	75	CD
work_3ehybzpqvbdsjlegtnkdycupja	1168	53	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1168	54	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1168	55	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1168	56	70	70	CD
work_3ehybzpqvbdsjlegtnkdycupja	1168	57	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1168	58	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1168	59	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1168	60	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1168	61	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1168	62	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1169	1	Table	table	NN
work_3ehybzpqvbdsjlegtnkdycupja	1169	2	B.1	B.1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1169	3	collects	collect	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1169	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1169	5	results	result	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1169	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1169	7	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1169	8	calculations	calculation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1169	9	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1169	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1169	11	different	different	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1169	12	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1169	13	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1169	14	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1169	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1170	1	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	2	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	3	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	4	a∗1,ψ	a∗1,ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	5	′(a∗1)),a	′(a∗1)),a	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	6	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	7	2,λ	2,λ	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	8	∗	∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	9	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	10	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	11	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	13	a∗∗1	a∗∗1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	15	ψ	ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	16	′(a∗∗1	′(a∗∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	18	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	20	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1170	21	∗∗	∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	22	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	24	λ	λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	25	∗∗	∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	26	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	27	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	28	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	30	a∗∗∗1	a∗∗∗1	UH
work_3ehybzpqvbdsjlegtnkdycupja	1170	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	32	ψ	ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	33	′(a∗∗∗1	′(a∗∗∗1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	34	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	37	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1170	38	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	39	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	40	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	41	λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	42	∗∗∗	∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	43	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	44	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	45	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	46	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	47	a∗∗∗∗1	a∗∗∗∗1	UH
work_3ehybzpqvbdsjlegtnkdycupja	1170	48	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	49	ψ	ψ	LS
work_3ehybzpqvbdsjlegtnkdycupja	1170	50	′(a∗∗∗∗1	′(a∗∗∗∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	51	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	52	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	53	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	54	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1170	55	∗∗∗∗	∗∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	56	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	57	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	58	λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	59	∗∗∗∗	∗∗∗∗	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	60	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	61	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	62	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	63	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	64	a∗∗∗∗∗1	a∗∗∗∗∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	65	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	66	ψ	ψ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	67	′(a∗∗∗∗∗1	′(a∗∗∗∗∗1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	68	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	69	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	70	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	71	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1170	72	∗∗∗∗∗	∗∗∗∗∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	73	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	74	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	75	λ	λ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	76	∗∗∗∗∗	∗∗∗∗∗	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	77	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	78	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	79	100	100	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	80	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	81	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	82	.8,−.29	.8,−.29	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1170	83	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	84	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	85	1.86	1.86	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	86	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	87	.43	.43	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1170	88	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	89	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	90	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	91	5.02	5.02	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	92	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	93	3.8	3.8	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	94	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	95	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	96	1.42,−.007	1.42,−.007	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	97	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	98	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	99	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	100	6.2,−.28	6.2,−.28	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	101	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	102	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	103	1.23,−.02	1.23,−.02	NNPS
work_3ehybzpqvbdsjlegtnkdycupja	1170	104	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	105	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	106	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	107	19.6	19.6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	108	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	109	5.8	5.8	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	110	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	111	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	112	.25,−.0002	.25,−.0002	.
work_3ehybzpqvbdsjlegtnkdycupja	1170	113	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	114	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	115	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	116	21.9,−46.6	21.9,−46.6	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	117	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	118	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	119	.21,−.02	.21,−.02	.
work_3ehybzpqvbdsjlegtnkdycupja	1170	120	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	121	75	75	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	122	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	123	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	124	.78,−.29	.78,−.29	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	125	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	126	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	127	1.82	1.82	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	128	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	129	.44	.44	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1170	130	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	131	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	132	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	133	5.2	5.2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	134	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	135	4.11	4.11	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	136	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	137	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	138	1.26,−.005	1.26,−.005	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	139	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	140	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	141	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	142	7.5	7.5	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	143	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	144	.31	.31	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1170	145	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	146	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	147	.88,−.01	.88,−.01	.
work_3ehybzpqvbdsjlegtnkdycupja	1170	148	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	149	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	150	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	151	12.06	12.06	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	152	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	153	2.45	2.45	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	154	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	155	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	156	.45,−.005	.45,−.005	.
work_3ehybzpqvbdsjlegtnkdycupja	1170	157	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	158	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	159	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	160	15.38,−26.78	15.38,−26.78	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	161	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	162	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	163	.3,−.0004	.3,−.0004	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1170	164	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	165	70	70	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	166	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	167	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	168	.77,−.29	.77,−.29	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	169	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	170	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	171	1.81	1.81	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	172	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	173	.44	.44	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	174	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	175	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	176	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	177	5.28	5.28	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	178	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	179	4.1	4.1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	180	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	181	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	182	1.21,−.005	1.21,−.005	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	183	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	184	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	185	−−,−−	−−,−−	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	186	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	187	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	188	−−,−−	−−,−−	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	189	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	190	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	191	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	192	14.03,−22.55	14.03,−22.55	LS
work_3ehybzpqvbdsjlegtnkdycupja	1170	193	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	194	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	195	.33,−.0005	.33,−.0005	.
work_3ehybzpqvbdsjlegtnkdycupja	1170	196	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	197	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	198	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	199	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	200	.72,−.3	.72,−.3	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1170	201	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	202	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	203	1.69	1.69	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	204	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1170	205	.47	.47	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1170	206	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	207	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	208	−−,−−	−−,−−	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	209	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	210	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	211	−−,−−	−−,−−	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	212	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	213	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	214	−−,−−	−−,−−	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	215	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	216	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	217	−−,−−	−−,−−	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	218	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1170	219	Table	table	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	220	3	3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	221	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1170	222	Equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	223	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1170	224	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1170	225	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1170	226	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1170	227	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1170	228	derivative	derivative	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	229	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1170	230	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1170	231	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1170	232	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	233	mapping	mapping	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	234	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1170	235	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1170	236	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1170	237	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1170	238	plots	plot	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1170	239	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1170	240	Figure	Figure	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1170	241	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	1170	242	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1171	1	70	70	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	2	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	3	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	4	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	5	30	30	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	6	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	7	a10	a10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	8	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	9	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	10	30	30	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	11	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	12	yHa1L	yHa1L	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1171	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1171	14	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1171	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1171	16	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	17	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	18	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	19	30	30	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	20	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	21	a10	a10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	22	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	23	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	24	30	30	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	25	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	26	yHa1L	yHa1L	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1171	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1171	28	b	b	NN
work_3ehybzpqvbdsjlegtnkdycupja	1171	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1171	30	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	31	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	32	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	33	30	30	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	34	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	35	a10	a10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	36	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	37	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	38	30	30	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	39	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	40	yHa1L	yha1l	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	41	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1171	42	c	c	NN
work_3ehybzpqvbdsjlegtnkdycupja	1171	43	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1171	44	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	45	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	46	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	47	30	30	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	48	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	49	a10	a10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	50	10	10	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	51	20	20	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	52	30	30	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	53	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	54	yHa1L	yHa1L	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1171	55	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1171	56	d	d	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1171	57	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1171	58	Figure	figure	NN
work_3ehybzpqvbdsjlegtnkdycupja	1171	59	8	8	CD
work_3ehybzpqvbdsjlegtnkdycupja	1171	60	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1171	61	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1171	62	best	good	JJS
work_3ehybzpqvbdsjlegtnkdycupja	1171	63	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1171	64	mapping	mapping	NN
work_3ehybzpqvbdsjlegtnkdycupja	1171	65	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1171	66	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1171	67	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	1171	68	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1171	69	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1171	70	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1171	71	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1172	1	Parameters	parameter	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1172	2	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	1172	3	values	value	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1172	4	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1172	5	τu	τu	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1172	6	=	=	FW
work_3ehybzpqvbdsjlegtnkdycupja	1172	7	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1172	8	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1172	9	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1172	10	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1172	11	τε	τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1172	12	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1172	13	4	4	CD
work_3ehybzpqvbdsjlegtnkdycupja	1172	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1172	15	τη	τη	NN
work_3ehybzpqvbdsjlegtnkdycupja	1172	16	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1172	17	2/3	2/3	CD
work_3ehybzpqvbdsjlegtnkdycupja	1172	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1172	19	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1172	20	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1172	21	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1172	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1172	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1172	24	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1172	25	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1172	26	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1172	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1173	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1173	2	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1173	3	∈	∈	VB
work_3ehybzpqvbdsjlegtnkdycupja	1173	4	{	{	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1173	5	75	75	CD
work_3ehybzpqvbdsjlegtnkdycupja	1173	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1173	7	100	100	CD
work_3ehybzpqvbdsjlegtnkdycupja	1173	8	}	}	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1173	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1173	10	five	five	CD
work_3ehybzpqvbdsjlegtnkdycupja	1173	11	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1173	12	obtain	obtain	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1173	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1173	14	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	1173	15	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	1173	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1173	17	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1173	18	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1173	19	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1173	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1173	21	respectively	respectively	RB
work_3ehybzpqvbdsjlegtnkdycupja	1173	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1173	23	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1173	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1173	25	b	b	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1173	26	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1173	27	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1173	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1173	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1173	30	a	a	LS
work_3ehybzpqvbdsjlegtnkdycupja	1173	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1173	32	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1173	33	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1174	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1174	2	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1174	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1174	4	70	70	CD
work_3ehybzpqvbdsjlegtnkdycupja	1174	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1174	6	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	1174	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1174	8	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1174	9	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1174	10	stable	stable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1174	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1174	12	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1174	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1174	14	c	c	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1174	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1174	16	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1174	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1175	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1175	2	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1175	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1175	4	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1175	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1175	6	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	1175	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1175	8	LIE	LIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1175	9	survives	survive	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1175	10	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1175	11	panel	panel	NN
work_3ehybzpqvbdsjlegtnkdycupja	1175	12	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1175	13	d	d	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1175	14	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1175	15	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1175	16	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1176	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1176	2	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1176	3	baseline	baseline	NN
work_3ehybzpqvbdsjlegtnkdycupja	1176	4	simulation	simulation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1176	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1176	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1176	7	set	set	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1176	8	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1176	9	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1176	10	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1176	11	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1176	12	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1176	13	find	find	VB
work_3ehybzpqvbdsjlegtnkdycupja	1176	14	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	1176	15	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1176	16	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1176	17	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1176	18	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1176	19	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1176	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1176	21	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1176	22	vanishes	vanishe	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1176	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1177	1	While	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	1177	2	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1177	3	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1177	4	blush	blush	NN
work_3ehybzpqvbdsjlegtnkdycupja	1177	5	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1177	6	small	small	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1177	7	level	level	NN
work_3ehybzpqvbdsjlegtnkdycupja	1177	8	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1177	9	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1177	10	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1177	11	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	1177	12	seem	seem	VB
work_3ehybzpqvbdsjlegtnkdycupja	1177	13	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1177	14	question	question	VB
work_3ehybzpqvbdsjlegtnkdycupja	1177	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1177	16	relevance	relevance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1177	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1177	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1177	19	HIE	HIE	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1177	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1177	21	it	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1177	22	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1177	23	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1177	24	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	1177	25	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1177	26	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1177	27	parameterization	parameterization	NN
work_3ehybzpqvbdsjlegtnkdycupja	1177	28	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1177	29	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1177	30	uncommon	uncommon	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1177	31	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1177	32	calibrated	calibrate	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1177	33	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	1177	34	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	1177	35	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	1177	36	models	model	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1177	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1178	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1178	2	instance	instance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1178	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1178	4	Wang	Wang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1178	5	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1178	6	1994	1994	CD
work_3ehybzpqvbdsjlegtnkdycupja	1178	7	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1178	8	models	model	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1178	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1178	10	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	1178	11	payoff	payoff	NN
work_3ehybzpqvbdsjlegtnkdycupja	1178	12	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1178	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1178	14	dividend	dividend	NN
work_3ehybzpqvbdsjlegtnkdycupja	1178	15	process	process	NN
work_3ehybzpqvbdsjlegtnkdycupja	1178	16	Ft+1	Ft+1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1178	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1178	18	ρFt	ρFt	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1178	19	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1178	20	ωt+1	ωt+1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1178	21	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1178	22	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1178	23	Ft	Ft	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1178	24	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1178	25	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1178	26	persistent	persistent	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1178	27	component	component	NN
work_3ehybzpqvbdsjlegtnkdycupja	1178	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1178	29	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1178	30	ωt+1	ωt+1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1178	31	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1178	32	orthogonal	orthogonal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1178	33	random	random	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1178	34	error	error	NN
work_3ehybzpqvbdsjlegtnkdycupja	1178	35	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1178	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1178	37	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1178	38	corresponds	correspond	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1178	39	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1178	40	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1178	41	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1178	42	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1178	43	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1178	44	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1179	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1179	2	71	71	CD
work_3ehybzpqvbdsjlegtnkdycupja	1179	3	coefficient	coefficient	NN
work_3ehybzpqvbdsjlegtnkdycupja	1179	4	ρ	ρ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1179	5	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1179	6	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1179	7	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1179	8	parameterizes	parameterize	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1179	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1179	10	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	1179	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1179	12	past	past	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1179	13	fundamentals	fundamental	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1179	14	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1179	15	current	current	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1179	16	ones	one	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1179	17	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1180	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1180	2	fraction	fraction	NN
work_3ehybzpqvbdsjlegtnkdycupja	1180	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1180	4	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1180	5	coming	come	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1180	6	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1180	7	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1180	8	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1180	9	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1180	10	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1180	11	framework	framework	NN
work_3ehybzpqvbdsjlegtnkdycupja	1180	12	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1180	13	1−ρ2	1−ρ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1180	14	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1180	15	that	that	RB
work_3ehybzpqvbdsjlegtnkdycupja	1180	16	is	is	RB
work_3ehybzpqvbdsjlegtnkdycupja	1180	17	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1180	18	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1180	19	ratio	ratio	NN
work_3ehybzpqvbdsjlegtnkdycupja	1180	20	between	between	IN
work_3ehybzpqvbdsjlegtnkdycupja	1180	21	σ2ω	σ2ω	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1180	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1180	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1180	24	steady	steady	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1180	25	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1180	26	state	state	NN
work_3ehybzpqvbdsjlegtnkdycupja	1180	27	variance	variance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1180	28	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1180	29	Ft+1	Ft+1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1180	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1180	31	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1180	32	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1180	33	σ	σ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1180	34	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1180	35	ω/(1−ρ2	ω/(1−ρ2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1180	36	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1180	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1180	38	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1180	39	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1180	40	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1180	41	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1180	42	framework	framework	NN
work_3ehybzpqvbdsjlegtnkdycupja	1180	43	corresponds	correspond	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1180	44	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1180	45	τ−1δ	τ−1δ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1180	46	/(τ	/(τ	,
work_3ehybzpqvbdsjlegtnkdycupja	1180	47	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1180	48	δ	δ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1180	49	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1180	50	τ	τ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1180	51	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1180	52	v	v	NN
work_3ehybzpqvbdsjlegtnkdycupja	1180	53	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1180	54	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1181	1	It	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1181	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1181	3	easy	easy	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1181	4	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1181	5	show	show	VB
work_3ehybzpqvbdsjlegtnkdycupja	1181	6	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1181	7	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1181	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1181	9	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	1181	10	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1181	11	ρ	ρ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1181	12	∈	∈	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1181	13	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1181	14	.98	.98	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1181	15	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1181	16	.99	.99	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1181	17	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1181	18	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1181	19	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1181	20	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1181	21	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1181	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1181	23	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1181	24	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	1181	25	has	have	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1181	26	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1181	27	comparable	comparable	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1181	28	importance	importance	NN
work_3ehybzpqvbdsjlegtnkdycupja	1181	29	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1181	30	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1181	31	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	1181	32	implied	imply	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1181	33	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1181	34	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1181	35	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	1181	36	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1181	37	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1181	38	40	40	CD
work_3ehybzpqvbdsjlegtnkdycupja	1181	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1182	1	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	1182	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1182	3	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1182	4	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1182	5	example	example	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1182	7	take	take	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1182	8	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1182	9	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	10	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1182	11	represent	represent	VB
work_3ehybzpqvbdsjlegtnkdycupja	1182	12	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	13	patterns	pattern	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1182	14	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1182	15	occur	occur	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1182	16	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1182	17	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1182	18	quarterly	quarterly	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1182	19	frequency	frequency	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1182	21	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1182	22	roughly	roughly	RB
work_3ehybzpqvbdsjlegtnkdycupja	1182	23	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1182	24	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1182	25	critical	critical	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1182	26	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	27	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1182	28	ρ	ρ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	29	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1182	30	.95	.95	CD
work_3ehybzpqvbdsjlegtnkdycupja	1182	31	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1182	32	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1182	33	yearly	yearly	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1182	34	frequency	frequency	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	35	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1182	36	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1182	37	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1182	38	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1182	39	uncommon	uncommon	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1182	40	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1182	41	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1182	42	calibration	calibration	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	43	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1182	44	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	45	pricing	pricing	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	46	models.51	models.51	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1182	47	B.3	B.3	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1182	48	Long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1182	49	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1182	50	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	51	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1182	52	Consider	consider	VB
work_3ehybzpqvbdsjlegtnkdycupja	1182	53	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1182	54	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	55	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1182	56	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1182	57	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	58	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	1182	59	assume	assume	VB
work_3ehybzpqvbdsjlegtnkdycupja	1182	60	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1182	61	now	now	RB
work_3ehybzpqvbdsjlegtnkdycupja	1182	62	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1182	63	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1182	64	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1182	65	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1182	66	horizon	horizon	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	67	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1182	68	maximize	maximize	VB
work_3ehybzpqvbdsjlegtnkdycupja	1182	69	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1182	70	expected	expected	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1182	71	utility	utility	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	72	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1182	73	final	final	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1182	74	wealth	wealth	NN
work_3ehybzpqvbdsjlegtnkdycupja	1182	75	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1183	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1183	2	simplicity	simplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1183	3	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1183	4	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	1183	5	deal	deal	VB
work_3ehybzpqvbdsjlegtnkdycupja	1183	6	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1183	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1183	8	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1183	9	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1183	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1183	11	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1183	12	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1183	13	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1183	14	useless	useless	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1183	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1183	16	τη	τη	FW
work_3ehybzpqvbdsjlegtnkdycupja	1183	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1183	18	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1183	19	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1183	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1184	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1184	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1184	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1184	4	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1184	5	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1184	6	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1184	7	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	1184	8	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1184	9	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1184	10	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1184	11	reasons	reason	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1184	12	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1184	13	similar	similar	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1184	14	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1184	15	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	1184	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1184	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1184	18	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1184	19	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1184	20	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1184	21	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1184	22	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1184	23	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1184	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1185	1	A	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1185	2	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1185	3	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1185	4	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1185	5	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	1185	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1185	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1185	8	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1185	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1185	10	speculates	speculate	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1185	11	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1185	12	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1185	13	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1185	14	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1185	15	returns	return	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1185	16	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1185	17	takes	take	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1185	18	into	into	IN
work_3ehybzpqvbdsjlegtnkdycupja	1185	19	account	account	NN
work_3ehybzpqvbdsjlegtnkdycupja	1185	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1185	21	hedging	hedge	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1185	22	possibilities	possibility	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1185	23	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1185	24	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1185	25	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1185	26	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	1185	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1186	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1186	2	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	3	strategy	strategy	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	5	investor	investor	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	6	i	i	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1186	7	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1186	9	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1186	10	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1186	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	13	fact	fact	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	14	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1186	15	linear	linear	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1186	16	combination	combination	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	18	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1186	19	Ei1[p2]−p1	Ei1[p2]−p1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1186	20	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1186	21	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1186	22	Ei1[xi2	ei1[xi2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	23	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1186	24	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1186	25	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1186	26	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1186	27	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1186	28	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1186	29	2012)).52	2012)).52	CD
work_3ehybzpqvbdsjlegtnkdycupja	1186	30	Were	be	VBD
work_3ehybzpqvbdsjlegtnkdycupja	1186	31	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1186	32	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1186	33	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1186	34	expect	expect	VB
work_3ehybzpqvbdsjlegtnkdycupja	1186	35	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1186	36	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	37	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	38	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1186	39	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1186	40	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	1186	41	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1186	42	optimal	optimal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1186	43	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	44	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1186	45	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	46	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	1186	47	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	1186	48	like	like	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	49	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1186	50	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	1186	51	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	52	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1186	53	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1186	54	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	55	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1186	56	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1186	57	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1186	58	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	59	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	60	holding	hold	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1186	61	such	such	PDT
work_3ehybzpqvbdsjlegtnkdycupja	1186	62	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1186	63	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	64	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	1186	65	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	1186	66	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	1186	67	due	due	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	68	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	69	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1186	70	unpredictability	unpredictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	71	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	72	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1186	73	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	74	value.53	value.53	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1186	75	If	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	76	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1186	77	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	78	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1186	79	prices	price	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1186	80	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1186	81	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1186	82	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1186	83	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1186	84	optimally	optimally	RB
work_3ehybzpqvbdsjlegtnkdycupja	1186	85	exploit	exploit	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1186	86	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1186	87	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1186	88	run	run	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	89	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1186	90	differences	difference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1186	91	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1187	1	Two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	1187	2	factors	factor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1187	3	add	add	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1187	4	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1187	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1187	6	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	1187	7	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1187	8	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1187	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1187	10	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1187	11	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	1187	12	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1187	13	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1187	14	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1187	15	suffer	suffer	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1187	16	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1187	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1187	18	partial	partial	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1187	19	unpre-	unpre-	NN
work_3ehybzpqvbdsjlegtnkdycupja	1187	20	dictability	dictability	NN
work_3ehybzpqvbdsjlegtnkdycupja	1187	21	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1187	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1187	23	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1187	24	change	change	NN
work_3ehybzpqvbdsjlegtnkdycupja	1187	25	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1187	26	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1187	27	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1187	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1187	29	impossibility	impossibility	NN
work_3ehybzpqvbdsjlegtnkdycupja	1187	30	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1187	31	determining	determine	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1187	32	exactly	exactly	RB
work_3ehybzpqvbdsjlegtnkdycupja	1187	33	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1187	34	future	future	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1187	35	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	1187	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1188	1	However	however	RB
work_3ehybzpqvbdsjlegtnkdycupja	1188	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1188	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1188	4	opportunity	opportunity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1188	5	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1188	6	trade	trade	VB
work_3ehybzpqvbdsjlegtnkdycupja	1188	7	again	again	RB
work_3ehybzpqvbdsjlegtnkdycupja	1188	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1188	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1188	10	future	future	NN
work_3ehybzpqvbdsjlegtnkdycupja	1188	11	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	1188	12	grants	grant	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1188	13	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1188	14	hedge	hedge	NN
work_3ehybzpqvbdsjlegtnkdycupja	1188	15	against	against	IN
work_3ehybzpqvbdsjlegtnkdycupja	1188	16	potentially	potentially	RB
work_3ehybzpqvbdsjlegtnkdycupja	1188	17	adverse	adverse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1188	18	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1188	19	movements	movement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1188	20	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1189	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1189	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1189	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1189	4	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1189	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1189	6	yields	yield	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1189	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1189	8	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	1189	9	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1189	10	reduction	reduction	NN
work_3ehybzpqvbdsjlegtnkdycupja	1189	11	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1189	12	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1189	13	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	1189	14	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1189	15	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	1189	16	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1189	17	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1189	18	exactly	exactly	RB
work_3ehybzpqvbdsjlegtnkdycupja	1189	19	offsets	offset	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1189	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1189	21	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1189	22	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	1189	23	conditional	conditional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1189	24	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1189	25	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1189	26	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1189	27	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1190	1	As	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1190	2	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1190	3	consequence	consequence	NN
work_3ehybzpqvbdsjlegtnkdycupja	1190	4	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1190	5	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1190	6	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	1190	7	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1190	8	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1190	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1190	10	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1190	11	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	1190	12	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1190	13	51We	51we	CD
work_3ehybzpqvbdsjlegtnkdycupja	1190	14	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1190	15	indebted	indebte	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1190	16	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1190	17	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1190	18	anonymous	anonymous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1190	19	referee	referee	NN
work_3ehybzpqvbdsjlegtnkdycupja	1190	20	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1190	21	suggesting	suggest	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1190	22	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1190	23	calibration	calibration	NN
work_3ehybzpqvbdsjlegtnkdycupja	1190	24	exercise	exercise	NN
work_3ehybzpqvbdsjlegtnkdycupja	1190	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1191	1	52It	52it	CD
work_3ehybzpqvbdsjlegtnkdycupja	1191	2	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1191	3	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1191	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1191	5	form	form	NN
work_3ehybzpqvbdsjlegtnkdycupja	1191	6	xi1	xi1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1191	7	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1191	8	Γ	Γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1191	9	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1191	10	2(Ei1[p2]−p1	2(ei1[p2]−p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1191	11	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1191	12	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1191	13	Γ22Ei1[xi2	Γ22Ei1[xi2	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1191	14	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1191	15	where	where	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1191	16	Γ12	Γ12	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1191	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1191	18	Γ22	Γ22	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1191	19	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1191	20	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1191	21	parameters	parameter	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1191	22	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1191	23	Ei1[xi2	ei1[xi2	NN
work_3ehybzpqvbdsjlegtnkdycupja	1191	24	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1191	25	=	=	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1191	26	Λ	Λ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1191	27	−1	−1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1191	28	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1191	29	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1191	30	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1191	31	−λ2∆a2)(Ei1[v	−λ2∆a2)(ei1[v	CD
work_3ehybzpqvbdsjlegtnkdycupja	1191	32	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1191	33	−	−	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1191	34	p̂1	p̂1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1191	35	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1191	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1192	1	53Intuitively	53intuitively	RB
work_3ehybzpqvbdsjlegtnkdycupja	1192	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1192	3	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1192	4	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1192	5	today	today	NN
work_3ehybzpqvbdsjlegtnkdycupja	1192	6	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	1192	7	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1192	8	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1192	9	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	1192	10	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1192	11	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1192	12	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1192	13	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1192	14	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1192	15	change	change	VB
work_3ehybzpqvbdsjlegtnkdycupja	1192	16	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1192	17	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	1192	18	new	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1192	19	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1192	20	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1192	21	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1192	22	expected	expect	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1192	23	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1192	24	arrive	arrive	VB
work_3ehybzpqvbdsjlegtnkdycupja	1192	25	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1192	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1192	27	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1192	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1192	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1192	30	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	1192	31	collapses	collapse	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1192	32	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1192	33	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	1192	34	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1192	35	which	which	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1192	36	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1192	37	hold	hold	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1192	38	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1192	39	two	two	CD
work_3ehybzpqvbdsjlegtnkdycupja	1192	40	periods	period	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1192	41	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1192	42	risky	risky	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1192	43	asset	asset	NN
work_3ehybzpqvbdsjlegtnkdycupja	1192	44	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1193	1	Their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1193	2	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	1193	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1193	4	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	1193	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1193	6	naturally	naturally	RB
work_3ehybzpqvbdsjlegtnkdycupja	1193	7	coincides	coincide	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1193	8	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1193	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1193	10	one	one	NN
work_3ehybzpqvbdsjlegtnkdycupja	1193	11	they	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1193	12	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	1193	13	hold	hold	VB
work_3ehybzpqvbdsjlegtnkdycupja	1193	14	in	in	RP
work_3ehybzpqvbdsjlegtnkdycupja	1193	15	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1193	16	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1193	17	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1193	18	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1194	1	72	72	CD
work_3ehybzpqvbdsjlegtnkdycupja	1194	2	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1194	3	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1194	4	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1194	5	nature	nature	NN
work_3ehybzpqvbdsjlegtnkdycupja	1194	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1194	7	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1194	8	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1194	9	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1194	10	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1194	11	information.54	information.54	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1194	12	Still	Still	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1194	13	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1194	14	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	1194	15	spec-	spec-	VB
work_3ehybzpqvbdsjlegtnkdycupja	1194	16	ulate	ulate	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1194	17	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1194	18	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1194	19	differences	difference	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1194	20	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	1194	21	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	1194	22	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1194	23	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1194	24	making	make	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1194	25	purposes	purpose	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1194	26	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1194	27	profit	profit	VB
work_3ehybzpqvbdsjlegtnkdycupja	1194	28	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1194	29	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1194	30	mean	mean	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1194	31	reversion	reversion	NN
work_3ehybzpqvbdsjlegtnkdycupja	1194	32	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1194	33	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1194	34	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	1194	35	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1195	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1195	2	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1195	3	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1195	4	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1195	5	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1195	6	truly	truly	RB
work_3ehybzpqvbdsjlegtnkdycupja	1195	7	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1195	8	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1195	9	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1195	10	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1195	11	speculate	speculate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1195	12	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1195	13	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1195	14	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1195	15	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1195	16	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1195	17	movements	movement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1195	18	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1195	19	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1195	20	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1195	21	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1195	22	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1195	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1196	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1196	2	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1196	3	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	1196	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1196	5	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1196	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1196	7	responsiveness	responsiveness	NN
work_3ehybzpqvbdsjlegtnkdycupja	1196	8	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1196	9	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1196	10	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1196	11	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1196	12	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1196	13	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1196	14	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1196	15	do	do	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1196	16	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1196	17	receive	receive	VB
work_3ehybzpqvbdsjlegtnkdycupja	1196	18	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1196	19	new	new	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1196	20	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1196	21	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1196	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1196	23	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1196	24	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1196	25	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1196	26	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1196	27	our	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1196	28	base	base	NN
work_3ehybzpqvbdsjlegtnkdycupja	1196	29	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	1196	30	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1196	31	see	see	VB
work_3ehybzpqvbdsjlegtnkdycupja	1196	32	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1196	33	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1196	34	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1196	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1196	36	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	1196	37	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1196	38	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1196	39	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1196	40	given	give	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1196	41	by	by	IN
work_3ehybzpqvbdsjlegtnkdycupja	1196	42	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1196	43	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1196	44	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1196	45	γτε(1	γτε(1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1196	46	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1196	47	γτu∆a2	γτu∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1196	48	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1196	49	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1196	50	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1196	51	κ	κ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1196	52	+	+	CC
work_3ehybzpqvbdsjlegtnkdycupja	1196	53	γτu∆a2	γτu∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1196	54	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1196	55	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1196	56	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1196	57	γτε	γτε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1196	58	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1196	59	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1196	60	κ	κ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1196	61	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1197	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1197	2	κ	κ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1197	3	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1197	4	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1197	5	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	1197	6	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1197	7	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1197	8	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1197	9	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1197	10	γτε	γτε	NN
work_3ehybzpqvbdsjlegtnkdycupja	1197	11	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1198	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1198	2	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1198	3	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1198	4	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	5	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1198	6	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1198	7	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1198	8	under	under	IN
work_3ehybzpqvbdsjlegtnkdycupja	1198	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	10	assumptions	assumption	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1198	11	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1198	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	13	model	model	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	14	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1198	15	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	16	feed	feed	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	17	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1198	18	back	back	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	19	loop	loop	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	20	that	that	WDT
work_3ehybzpqvbdsjlegtnkdycupja	1198	21	generates	generate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1198	22	multiplicity	multiplicity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	23	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1198	24	broken	break	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1198	25	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	1198	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	27	optimal	optimal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1198	28	strategy	strategy	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	29	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1198	30	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	31	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1198	32	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	33	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1198	34	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1198	35	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1198	36	buy	buy	VB
work_3ehybzpqvbdsjlegtnkdycupja	1198	37	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1198	38	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1198	39	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1198	40	hold	hold	VB
work_3ehybzpqvbdsjlegtnkdycupja	1198	41	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1198	42	:	:	:
work_3ehybzpqvbdsjlegtnkdycupja	1198	43	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1198	44	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	45	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1198	46	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	47	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1198	48	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1198	49	receive	receive	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1198	50	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1198	51	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1198	52	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	53	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1198	54	take	take	VB
work_3ehybzpqvbdsjlegtnkdycupja	1198	55	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	56	position	position	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	57	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1198	58	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	1198	59	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1198	60	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	61	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1198	62	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	63	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	1198	64	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1198	65	no	no	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	66	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1198	67	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	68	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1198	69	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	70	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1198	71	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1198	72	just	just	RB
work_3ehybzpqvbdsjlegtnkdycupja	1198	73	make	make	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1198	74	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	75	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	76	absorbing	absorb	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1198	77	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	78	demands	demand	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1198	79	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1198	80	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	81	traders.55	traders.55	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1198	82	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1198	83	κ	κ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1198	84	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1198	85	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1198	86	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1198	87	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1198	88	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1198	89	ργτε/(1	ργτε/(1	ADD
work_3ehybzpqvbdsjlegtnkdycupja	1198	90	+	+	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1198	91	κ	κ	LS
work_3ehybzpqvbdsjlegtnkdycupja	1198	92	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1198	93	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1198	94	ρ	ρ	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	95	>	>	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1198	96	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1198	97	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1198	98	any	any	DT
work_3ehybzpqvbdsjlegtnkdycupja	1198	99	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1198	100	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1199	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1199	2	endogenous	endogenous	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1199	3	parameter	parameter	NN
work_3ehybzpqvbdsjlegtnkdycupja	1199	4	ρ	ρ	IN
work_3ehybzpqvbdsjlegtnkdycupja	1199	5	captures	capture	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1199	6	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1199	7	deviation	deviation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1199	8	from	from	IN
work_3ehybzpqvbdsjlegtnkdycupja	1199	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1199	10	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1199	11	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1199	12	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1199	13	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1199	14	responsiveness	responsiveness	NN
work_3ehybzpqvbdsjlegtnkdycupja	1199	15	due	due	IN
work_3ehybzpqvbdsjlegtnkdycupja	1199	16	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1199	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1199	18	presence	presence	NN
work_3ehybzpqvbdsjlegtnkdycupja	1199	19	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1199	20	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1199	21	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1199	22	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1200	1	Thus	thus	RB
work_3ehybzpqvbdsjlegtnkdycupja	1200	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1200	3	prior	prior	RB
work_3ehybzpqvbdsjlegtnkdycupja	1200	4	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1200	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1200	6	last	last	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1200	7	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	1200	8	round	round	NN
work_3ehybzpqvbdsjlegtnkdycupja	1200	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1200	10	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1200	11	react	react	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1200	12	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1200	13	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1200	14	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1200	15	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1200	16	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	1200	17	aggressively	aggressively	RB
work_3ehybzpqvbdsjlegtnkdycupja	1200	18	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	1200	19	if	if	IN
work_3ehybzpqvbdsjlegtnkdycupja	1200	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1200	21	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1200	22	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	1200	23	were	be	VBD
work_3ehybzpqvbdsjlegtnkdycupja	1200	24	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1200	25	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	1200	26	realized	realize	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1200	27	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1200	28	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1200	29	next	next	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1200	30	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1200	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1201	1	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	1201	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1201	3	while	while	IN
work_3ehybzpqvbdsjlegtnkdycupja	1201	4	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1201	5	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1201	6	makes	make	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1201	7	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1201	8	less	less	RBR
work_3ehybzpqvbdsjlegtnkdycupja	1201	9	confident	confident	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1201	10	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	1201	11	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1201	12	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1201	13	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1201	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1201	15	presence	presence	NN
work_3ehybzpqvbdsjlegtnkdycupja	1201	16	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1201	17	an	an	DT
work_3ehybzpqvbdsjlegtnkdycupja	1201	18	additional	additional	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1201	19	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	1201	20	round	round	NN
work_3ehybzpqvbdsjlegtnkdycupja	1201	21	increases	increase	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1201	22	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1201	23	opportunities	opportunity	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1201	24	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1201	25	adjust	adjust	VB
work_3ehybzpqvbdsjlegtnkdycupja	1201	26	suboptimal	suboptimal	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1201	27	positions	position	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1201	28	prior	prior	RB
work_3ehybzpqvbdsjlegtnkdycupja	1201	29	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1201	30	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1201	31	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1202	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1202	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1202	3	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1202	4	turn	turn	NN
work_3ehybzpqvbdsjlegtnkdycupja	1202	5	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1202	6	boosts	boost	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1202	7	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1202	8	’	’	POS
work_3ehybzpqvbdsjlegtnkdycupja	1202	9	reaction	reaction	NN
work_3ehybzpqvbdsjlegtnkdycupja	1202	10	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1202	11	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1202	12	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1202	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1203	1	Residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1203	2	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1203	3	implies	imply	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1203	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1203	5	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1203	6	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1203	7	speculate	speculate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1203	8	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1203	9	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1203	10	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1203	11	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1203	12	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1203	13	movements	movement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1203	14	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1203	15	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1203	16	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1203	17	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1203	18	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1203	19	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1204	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1204	2	makes	make	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1204	3	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1204	4	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1204	5	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1204	6	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1205	1	Indeed	indeed	RB
work_3ehybzpqvbdsjlegtnkdycupja	1205	2	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1205	3	faced	face	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1205	4	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1205	5	uncertain	uncertain	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1205	6	impending	impending	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1205	7	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1205	8	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1205	9	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1205	10	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1205	11	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1205	12	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	1205	13	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1205	14	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1205	15	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1205	16	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1205	17	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1205	18	going	go	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1205	19	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1205	20	use	use	VB
work_3ehybzpqvbdsjlegtnkdycupja	1205	21	much	much	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1205	22	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1205	23	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1205	24	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1205	25	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1206	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1206	2	makes	make	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1206	3	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1206	4	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	1206	5	behave	behave	VB
work_3ehybzpqvbdsjlegtnkdycupja	1206	6	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1206	7	54In	54In	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1206	8	fact	fact	NN
work_3ehybzpqvbdsjlegtnkdycupja	1206	9	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1206	10	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1206	11	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1206	12	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1206	13	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1206	14	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1206	15	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1206	16	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	1206	17	xi1	xi1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1206	18	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1206	19	E[xi2|si	E[xi2|si	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1206	20	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1206	21	p1	p1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1206	22	]	]	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1206	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1207	1	When	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1207	2	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1207	3	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1207	4	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1207	5	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1207	6	speculate	speculate	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1207	7	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	1207	8	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1207	9	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1207	10	changes	change	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1207	11	based	base	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1207	12	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1207	13	public	public	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1207	14	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1207	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1208	1	55If	55if	CD
work_3ehybzpqvbdsjlegtnkdycupja	1208	2	informed	informed	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1208	3	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1208	4	were	be	VBD
work_3ehybzpqvbdsjlegtnkdycupja	1208	5	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1208	6	receive	receive	VB
work_3ehybzpqvbdsjlegtnkdycupja	1208	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1208	8	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1208	9	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1208	10	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1208	11	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1208	12	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1208	13	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1208	14	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	1208	15	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	1208	16	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	1208	17	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	1208	18	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1208	19	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	1208	20	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1208	21	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1208	22	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1208	23	but	but	CC
work_3ehybzpqvbdsjlegtnkdycupja	1208	24	still	still	RB
work_3ehybzpqvbdsjlegtnkdycupja	1208	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1208	26	strategies	strategy	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1208	27	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	1208	28	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	1208	29	static	static	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1208	30	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1208	31	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1208	32	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	1208	33	would	would	MD
work_3ehybzpqvbdsjlegtnkdycupja	1208	34	still	still	RB
work_3ehybzpqvbdsjlegtnkdycupja	1208	35	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	1208	36	positive	positive	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1208	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1209	1	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1209	2	reason	reason	NN
work_3ehybzpqvbdsjlegtnkdycupja	1209	3	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1209	4	that	that	IN
work_3ehybzpqvbdsjlegtnkdycupja	1209	5	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1209	6	trading	trading	NN
work_3ehybzpqvbdsjlegtnkdycupja	1209	7	intensity	intensity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1209	8	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1209	9	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1209	10	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1209	11	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1209	12	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	1209	13	always	always	RB
work_3ehybzpqvbdsjlegtnkdycupja	1209	14	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	1209	15	larger	large	JJR
work_3ehybzpqvbdsjlegtnkdycupja	1209	16	than	than	IN
work_3ehybzpqvbdsjlegtnkdycupja	1209	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1209	18	one	one	CD
work_3ehybzpqvbdsjlegtnkdycupja	1209	19	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1209	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1209	21	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1209	22	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1209	23	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1209	24	a2	a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1209	25	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1209	26	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1209	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1209	28	τε2	τε2	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1209	29	+	+	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1209	30	τε1	τε1	NN
work_3ehybzpqvbdsjlegtnkdycupja	1209	31	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1209	32	>	>	XX
work_3ehybzpqvbdsjlegtnkdycupja	1209	33	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1209	34	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1209	35	γτε	γτε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1209	36	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1209	37	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	1209	38	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1209	39	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1209	40	about	about	IN
work_3ehybzpqvbdsjlegtnkdycupja	1209	41	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1209	42	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1209	43	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	1209	44	accumulates	accumulate	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1209	45	over	over	IN
work_3ehybzpqvbdsjlegtnkdycupja	1209	46	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	1209	47	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1210	1	With	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1210	2	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1210	3	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1210	4	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1210	5	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1210	6	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1210	7	can	can	MD
work_3ehybzpqvbdsjlegtnkdycupja	1210	8	not	not	RB
work_3ehybzpqvbdsjlegtnkdycupja	1210	9	have	have	VB
work_3ehybzpqvbdsjlegtnkdycupja	1210	10	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1210	11	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1210	12	impacts	impact	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1210	13	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1210	14	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1210	15	joint	joint	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1210	16	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1210	17	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1210	18	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1210	19	reveals	reveal	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1210	20	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1210	21	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1210	22	value	value	NN
work_3ehybzpqvbdsjlegtnkdycupja	1210	23	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1211	1	73	73	CD
work_3ehybzpqvbdsjlegtnkdycupja	1211	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1211	3	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1211	4	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1211	5	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	1211	6	like	like	IN
work_3ehybzpqvbdsjlegtnkdycupja	1211	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1211	8	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1211	9	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1211	10	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1211	11	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	1211	12	since	since	IN
work_3ehybzpqvbdsjlegtnkdycupja	1211	13	he	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1211	14	will	will	MD
work_3ehybzpqvbdsjlegtnkdycupja	1211	15	try	try	VB
work_3ehybzpqvbdsjlegtnkdycupja	1211	16	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1211	17	unwind	unwind	VB
work_3ehybzpqvbdsjlegtnkdycupja	1211	18	his	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1211	19	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1211	20	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1211	21	holdings	holding	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1211	22	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1211	23	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1211	24	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1211	25	at	at	IN
work_3ehybzpqvbdsjlegtnkdycupja	1211	26	time	time	NN
work_3ehybzpqvbdsjlegtnkdycupja	1211	27	2	2	CD
work_3ehybzpqvbdsjlegtnkdycupja	1211	28	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1211	29	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1211	30	carry	carry	VB
work_3ehybzpqvbdsjlegtnkdycupja	1211	31	little	little	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1211	32	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1211	33	that	that	DT
work_3ehybzpqvbdsjlegtnkdycupja	1211	34	inventory	inventory	NN
work_3ehybzpqvbdsjlegtnkdycupja	1211	35	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1211	36	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1211	37	liquidation	liquidation	NN
work_3ehybzpqvbdsjlegtnkdycupja	1211	38	date	date	NN
work_3ehybzpqvbdsjlegtnkdycupja	1211	39	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1212	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1212	2	this	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1212	3	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1212	4	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1212	5	liquidity	liquidity	NN
work_3ehybzpqvbdsjlegtnkdycupja	1212	6	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1212	7	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1212	8	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1212	9	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1212	10	market	market	NN
work_3ehybzpqvbdsjlegtnkdycupja	1212	11	becomes	become	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1212	12	much	much	RB
work_3ehybzpqvbdsjlegtnkdycupja	1212	13	more	more	RBR
work_3ehybzpqvbdsjlegtnkdycupja	1212	14	important	important	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1212	15	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1212	16	determine	determine	VB
work_3ehybzpqvbdsjlegtnkdycupja	1212	17	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1212	18	trader	trader	NN
work_3ehybzpqvbdsjlegtnkdycupja	1212	19	’s	’s	POS
work_3ehybzpqvbdsjlegtnkdycupja	1212	20	reaction	reaction	NN
work_3ehybzpqvbdsjlegtnkdycupja	1212	21	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1212	22	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1212	23	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1212	24	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1212	25	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1212	26	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1212	27	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1212	28	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1212	29	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1212	30	self-	self-	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1212	31	fulfilling	fulfil	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1212	32	expectational	expectational	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1212	33	loops	loop	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1212	34	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1212	35	possible	possible	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1212	36	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1212	37	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1212	38	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1212	39	case	case	NN
work_3ehybzpqvbdsjlegtnkdycupja	1212	40	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1212	41	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1212	42	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1212	43	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1212	44	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1212	45	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1213	1	Again	again	RB
work_3ehybzpqvbdsjlegtnkdycupja	1213	2	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1213	3	possibility	possibility	NN
work_3ehybzpqvbdsjlegtnkdycupja	1213	4	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1213	5	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1213	6	equilibria	equilibria	NN
work_3ehybzpqvbdsjlegtnkdycupja	1213	7	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1213	8	linked	link	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1213	9	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1213	10	having	have	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1213	11	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1213	12	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1213	13	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1213	14	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	1213	15	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1213	16	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1213	17	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1213	18	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1213	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1213	20	λ2	λ2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1213	21	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1213	22	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1213	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1213	24	due	due	IN
work_3ehybzpqvbdsjlegtnkdycupja	1213	25	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1213	26	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1213	27	large	large	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1213	28	response	response	NN
work_3ehybzpqvbdsjlegtnkdycupja	1213	29	to	to	IN
work_3ehybzpqvbdsjlegtnkdycupja	1213	30	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1213	31	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1213	32	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1213	33	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1213	34	first	first	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1213	35	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1213	36	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1213	37	generating	generate	VBG
work_3ehybzpqvbdsjlegtnkdycupja	1213	38	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1213	39	<	<	XX
work_3ehybzpqvbdsjlegtnkdycupja	1213	40	0	0	NFP
work_3ehybzpqvbdsjlegtnkdycupja	1213	41	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1213	42	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1214	1	For	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1214	2	example	example	NN
work_3ehybzpqvbdsjlegtnkdycupja	1214	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1214	4	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	1214	5	equilibra	equilibra	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1214	6	arise	arise	VB
work_3ehybzpqvbdsjlegtnkdycupja	1214	7	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1214	8	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1214	9	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1214	10	200,τε	200,τε	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1214	11	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1214	12	τv	τv	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1214	13	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1214	14	τu	τu	FW
work_3ehybzpqvbdsjlegtnkdycupja	1214	15	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1214	16	γ	γ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1214	17	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1214	18	1	1	CD
work_3ehybzpqvbdsjlegtnkdycupja	1214	19	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1214	20	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1214	21	=	=	SYM
work_3ehybzpqvbdsjlegtnkdycupja	1214	22	.2	.2	.
work_3ehybzpqvbdsjlegtnkdycupja	1214	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1214	24	only	only	RB
work_3ehybzpqvbdsjlegtnkdycupja	1214	25	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1214	26	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1214	27	low	low	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1214	28	a1	a1	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1214	29	equilibrium	equilibrium	NN
work_3ehybzpqvbdsjlegtnkdycupja	1214	30	we	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1214	31	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1214	32	∆a2	∆a2	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1214	33	>	>	FW
work_3ehybzpqvbdsjlegtnkdycupja	1214	34	0	0	CD
work_3ehybzpqvbdsjlegtnkdycupja	1214	35	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1214	36	stability	stability	NN
work_3ehybzpqvbdsjlegtnkdycupja	1214	37	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1215	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1215	2	general	general	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1215	3	three	three	CD
work_3ehybzpqvbdsjlegtnkdycupja	1215	4	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1215	5	are	be	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1215	6	obtained	obtain	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1215	7	for	for	IN
work_3ehybzpqvbdsjlegtnkdycupja	1215	8	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1215	9	β	β	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1215	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1215	11	high	high	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1215	12	τδ	τδ	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1215	13	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1216	1	Multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1216	2	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1216	3	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	1216	4	arise	arise	VB
work_3ehybzpqvbdsjlegtnkdycupja	1216	5	also	also	RB
work_3ehybzpqvbdsjlegtnkdycupja	1216	6	when	when	WRB
work_3ehybzpqvbdsjlegtnkdycupja	1216	7	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	1216	8	is	be	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1216	9	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1216	10	common	common	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1216	11	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	1216	12	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1216	13	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1216	14	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1216	15	signal	signal	NN
work_3ehybzpqvbdsjlegtnkdycupja	1216	16	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1216	17	Grundy	Grundy	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1216	18	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1216	19	McNichols	McNichols	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1216	20	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1216	21	1989	1989	CD
work_3ehybzpqvbdsjlegtnkdycupja	1216	22	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1216	23	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1216	24	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1217	1	In	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1217	2	summary	summary	NN
work_3ehybzpqvbdsjlegtnkdycupja	1217	3	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1217	4	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1217	5	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1217	6	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1217	7	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1217	8	risk	risk	NN
work_3ehybzpqvbdsjlegtnkdycupja	1217	9	averse	averse	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1217	10	investors	investor	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1217	11	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1217	12	either	either	CC
work_3ehybzpqvbdsjlegtnkdycupja	1217	13	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1217	14	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1217	15	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1217	16	He	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1217	17	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1217	18	Wang	Wang	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1217	19	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1217	20	1995	1995	CD
work_3ehybzpqvbdsjlegtnkdycupja	1217	21	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1217	22	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1217	23	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1217	24	Cespa	Cespa	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1217	25	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1217	26	Vives	Vives	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1217	27	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1217	28	2012	2012	CD
work_3ehybzpqvbdsjlegtnkdycupja	1217	29	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1217	30	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1217	31	,	,	,
work_3ehybzpqvbdsjlegtnkdycupja	1217	32	or	or	CC
work_3ehybzpqvbdsjlegtnkdycupja	1217	33	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1217	34	common	common	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1217	35	shock	shock	NN
work_3ehybzpqvbdsjlegtnkdycupja	1217	36	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1217	37	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1217	38	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1217	39	signals	signal	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1217	40	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1217	41	Grundy	Grundy	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1217	42	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1217	43	McNichols	McNichols	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1217	44	(	(	-LRB-
work_3ehybzpqvbdsjlegtnkdycupja	1217	45	1989	1989	CD
work_3ehybzpqvbdsjlegtnkdycupja	1217	46	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1217	47	)	)	-RRB-
work_3ehybzpqvbdsjlegtnkdycupja	1217	48	there	there	EX
work_3ehybzpqvbdsjlegtnkdycupja	1217	49	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	1217	50	be	be	VB
work_3ehybzpqvbdsjlegtnkdycupja	1217	51	multiple	multiple	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1217	52	equilibria	equilibrium	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1217	53	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1218	1	We	-PRON-	PRP
work_3ehybzpqvbdsjlegtnkdycupja	1218	2	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	1218	3	have	have	VB
work_3ehybzpqvbdsjlegtnkdycupja	1218	4	situations	situation	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1218	5	then	then	RB
work_3ehybzpqvbdsjlegtnkdycupja	1218	6	with	with	IN
work_3ehybzpqvbdsjlegtnkdycupja	1218	7	a	a	DT
work_3ehybzpqvbdsjlegtnkdycupja	1218	8	negative	negative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1218	9	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1218	10	impact	impact	NN
work_3ehybzpqvbdsjlegtnkdycupja	1218	11	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1218	12	the	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1218	13	second	second	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1218	14	period	period	NN
work_3ehybzpqvbdsjlegtnkdycupja	1218	15	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1219	1	This	this	DT
work_3ehybzpqvbdsjlegtnkdycupja	1219	2	arises	arise	VBZ
work_3ehybzpqvbdsjlegtnkdycupja	1219	3	because	because	IN
work_3ehybzpqvbdsjlegtnkdycupja	1219	4	in	in	IN
work_3ehybzpqvbdsjlegtnkdycupja	1219	5	those	those	DT
work_3ehybzpqvbdsjlegtnkdycupja	1219	6	cases	case	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1219	7	informed	inform	VBN
work_3ehybzpqvbdsjlegtnkdycupja	1219	8	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1219	9	have	have	VBP
work_3ehybzpqvbdsjlegtnkdycupja	1219	10	incentives	incentive	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1219	11	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1219	12	use	use	VB
work_3ehybzpqvbdsjlegtnkdycupja	1219	13	their	-PRON-	PRP$
work_3ehybzpqvbdsjlegtnkdycupja	1219	14	private	private	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1219	15	information	information	NN
work_3ehybzpqvbdsjlegtnkdycupja	1219	16	to	to	TO
work_3ehybzpqvbdsjlegtnkdycupja	1219	17	speculate	speculate	VB
work_3ehybzpqvbdsjlegtnkdycupja	1219	18	on	on	IN
work_3ehybzpqvbdsjlegtnkdycupja	1219	19	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1219	20	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1219	21	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1219	22	price	price	NN
work_3ehybzpqvbdsjlegtnkdycupja	1219	23	movements	movement	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1219	24	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1219	25	long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1219	26	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1219	27	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1219	28	traders	trader	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1219	29	may	may	MD
work_3ehybzpqvbdsjlegtnkdycupja	1219	30	behave	behave	VB
work_3ehybzpqvbdsjlegtnkdycupja	1219	31	as	as	IN
work_3ehybzpqvbdsjlegtnkdycupja	1219	32	short	short	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1219	33	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1219	34	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1219	35	ones	one	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1219	36	.	.	.
work_3ehybzpqvbdsjlegtnkdycupja	1220	1	74	74	CD
work_3ehybzpqvbdsjlegtnkdycupja	1220	2	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1220	3	Online	Online	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1220	4	Appendix	Appendix	NNP
work_3ehybzpqvbdsjlegtnkdycupja	1220	5	Non	non	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1220	6	-	-	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1220	7	monotone	monotone	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1220	8	comparative	comparative	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1220	9	statics	static	NNS
work_3ehybzpqvbdsjlegtnkdycupja	1220	10	and	and	CC
work_3ehybzpqvbdsjlegtnkdycupja	1220	11	dynamic	dynamic	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1220	12	adjustment	adjustment	NN
work_3ehybzpqvbdsjlegtnkdycupja	1220	13	The	the	DT
work_3ehybzpqvbdsjlegtnkdycupja	1220	14	effect	effect	NN
work_3ehybzpqvbdsjlegtnkdycupja	1220	15	of	of	IN
work_3ehybzpqvbdsjlegtnkdycupja	1220	16	residual	residual	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1220	17	uncertainty	uncertainty	NN
work_3ehybzpqvbdsjlegtnkdycupja	1220	18	Long	long	JJ
work_3ehybzpqvbdsjlegtnkdycupja	1220	19	-	-	HYPH
work_3ehybzpqvbdsjlegtnkdycupja	1220	20	term	term	NN
work_3ehybzpqvbdsjlegtnkdycupja	1220	21	investors	investor	NNS