RDP 8707: Asymmetric Information and Bid-Ask Spreads in the Eurocurrency Markets Equation (2)

A=E( v|η,b ) B=E( v|η,s ) MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaqGbbGaeyypa0JaaeyramaabmaabaGaaeODaiaacYhacqaH3oaAcaGGSaGaaeOyaaGaayjkaiaawMcaaaqaaiaabkeacqGH9aqpcaqGfbWaaeWaaeaacaqG2bGaaiiFaiabeE7aOjaacYcacaqGZbaacaGLOaGaayzkaaaaaaa@48B7@