Question: a) Describe how the Admati and Pfleiderer (1988) model differs from the Kyle (1985) model of equity markets. Use your own words. b) Describe how

a) Describe how the Admati and Pfleiderer (1988) model differs from the Kyle (1985) model of equity markets. Use your own words.

b) Describe how the assumptions of the Admati and Pfleiderer (1988) model result in distinct predictions regarding market quality dynamics. Use your own words.

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