Multitype Information Acquisition in a Strategic Trading Model

The authors thank the editor, Lukas Schmid, an associate editor, and two anonymous referees for constructive and insightful feedback and Yu An, Henry Cao, Diego Garcia, Yunzhi Hu, Chong Huang, Zhen Huo, Li Liu, Qi Liu, Xuewen Liu, Uday Rajan, Shrihari Santosh, Jan Schneemeier, Zhongzhi Song, Sheridan Titman, Cristian Tiu, Jiang Wang, Yaping Wang, Yan Xiong, Yunhong Yang, Zheng Zhang, and seminar participants at Central University of Finance and Economics, Cheung Kong Graduate School of Business, Peking University, Shandong University, and Lapland Financial Institutions Summit for helpful comments.