id	sid	tid	token	lemma	pos
work_b3ftiyv34jhylmblxzqccxhcby	1	1	Working	Working	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1	2	Paper	Paper	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1	3	Series	Series	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1	4	Faculty	Faculty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1	6	Finance	Finance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1	7	No	no	NN
work_b3ftiyv34jhylmblxzqccxhcby	1	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	2	1	32	32	CD
work_b3ftiyv34jhylmblxzqccxhcby	2	2	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	2	3	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	4	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	2	6	Short	Short	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	7	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	2	8	Term	Term	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	9	Trading	Trading	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	10	Giovanni	Giovanni	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	11	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	12	&	&	CC
work_b3ftiyv34jhylmblxzqccxhcby	2	13	Xavier	Xavier	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	14	Vives	vive	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	2	15	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	2	16	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	17	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	2	19	Short	Short	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	20	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	2	21	Term	Term	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	22	Trading∗	trading∗	ADD
work_b3ftiyv34jhylmblxzqccxhcby	2	23	Giovanni	Giovanni	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	24	Cespa†	cespa†	CD
work_b3ftiyv34jhylmblxzqccxhcby	2	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	2	26	Xavier	Xavier	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	27	Vives‡	Vives‡	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	28	November	November	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	29	2014	2014	CD
work_b3ftiyv34jhylmblxzqccxhcby	2	30	Abstract	Abstract	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	31	Short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	2	32	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	2	33	termism	termism	NN
work_b3ftiyv34jhylmblxzqccxhcby	2	34	need	nee	MD
work_b3ftiyv34jhylmblxzqccxhcby	2	35	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	2	36	breed	breed	VB
work_b3ftiyv34jhylmblxzqccxhcby	2	37	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	2	38	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	2	39	inefficiency	inefficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	2	40	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	2	41	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	2	42	gen-	gen-	RB
work_b3ftiyv34jhylmblxzqccxhcby	2	43	erating	erate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	2	44	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	2	45	Contests	Contests	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	2	46	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	3	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	3	2	demonstrate	demonstrate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	3	3	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	3	4	claim	claim	NN
work_b3ftiyv34jhylmblxzqccxhcby	3	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	3	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	3	7	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	3	8	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	3	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	3	10	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	3	11	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	3	12	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	3	13	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	3	14	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	3	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	3	16	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	3	17	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	3	18	averse	averse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	3	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	3	20	privately	privately	RB
work_b3ftiyv34jhylmblxzqccxhcby	3	21	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	3	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	3	23	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	3	24	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	3	25	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	3	26	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	3	27	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	3	28	find	find	VB
work_b3ftiyv34jhylmblxzqccxhcby	3	29	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	3	30	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	3	31	reflect	reflect	VBP
work_b3ftiyv34jhylmblxzqccxhcby	3	32	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	3	33	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	3	34	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	3	35	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	3	36	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	3	37	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	3	38	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	3	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	4	1	Informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	4	2	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	4	3	engage	engage	VBP
work_b3ftiyv34jhylmblxzqccxhcby	4	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	4	5	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	4	6	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	4	7	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	4	8	learning	learn	VBG
work_b3ftiyv34jhylmblxzqccxhcby	4	9	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	4	10	reassess	reassess	NNP
work_b3ftiyv34jhylmblxzqccxhcby	4	11	inferences	inference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	4	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	4	13	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	4	14	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	4	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	4	16	made	make	VBN
work_b3ftiyv34jhylmblxzqccxhcby	4	17	during	during	IN
work_b3ftiyv34jhylmblxzqccxhcby	4	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	4	19	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	4	20	game	game	NN
work_b3ftiyv34jhylmblxzqccxhcby	4	21	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	4	22	early	early	JJ
work_b3ftiyv34jhylmblxzqccxhcby	4	23	stages	stage	NNS
work_b3ftiyv34jhylmblxzqccxhcby	4	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	5	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	5	2	behavior	behavior	NN
work_b3ftiyv34jhylmblxzqccxhcby	5	3	introduces	introduce	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	5	4	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	5	5	complementarities	complementarity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	5	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	5	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	5	8	use	use	NN
work_b3ftiyv34jhylmblxzqccxhcby	5	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	5	10	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	5	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	5	12	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	5	13	yield	yield	VB
work_b3ftiyv34jhylmblxzqccxhcby	5	14	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	5	15	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	5	16	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	5	17	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	5	18	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	5	19	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	5	20	ranked	rank	VBN
work_b3ftiyv34jhylmblxzqccxhcby	5	21	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	5	22	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	5	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	5	24	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	5	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	5	26	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	5	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	5	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	5	29	informa-	informa-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	5	30	tional	tional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	5	31	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	5	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	6	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	6	2	derive	derive	VBP
work_b3ftiyv34jhylmblxzqccxhcby	6	3	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	6	4	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	6	5	explain	explain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	6	6	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	6	7	anomalies	anomaly	NNS
work_b3ftiyv34jhylmblxzqccxhcby	6	8	as	as	RB
work_b3ftiyv34jhylmblxzqccxhcby	6	9	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	6	10	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	6	11	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	6	12	regularities	regularity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	6	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	7	1	Keywords	keyword	NNS
work_b3ftiyv34jhylmblxzqccxhcby	7	2	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	7	3	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	7	4	speculation	speculation	NN
work_b3ftiyv34jhylmblxzqccxhcby	7	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	7	6	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	7	7	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	7	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	7	9	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	7	10	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	7	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	7	12	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	7	13	informa-	informa-	NN
work_b3ftiyv34jhylmblxzqccxhcby	7	14	tion	tion	NN
work_b3ftiyv34jhylmblxzqccxhcby	7	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	7	16	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	7	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	7	18	reversal	reversal	NN
work_b3ftiyv34jhylmblxzqccxhcby	7	19	JEL	JEL	NNP
work_b3ftiyv34jhylmblxzqccxhcby	7	20	Classification	Classification	NNP
work_b3ftiyv34jhylmblxzqccxhcby	7	21	numbers	number	NNS
work_b3ftiyv34jhylmblxzqccxhcby	7	22	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	7	23	G10	G10	NNP
work_b3ftiyv34jhylmblxzqccxhcby	7	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	7	25	G12	G12	NNP
work_b3ftiyv34jhylmblxzqccxhcby	7	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	7	27	G14	G14	NNP
work_b3ftiyv34jhylmblxzqccxhcby	7	28	∗A	∗A	NNP
work_b3ftiyv34jhylmblxzqccxhcby	7	29	previous	previous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	7	30	version	version	NN
work_b3ftiyv34jhylmblxzqccxhcby	7	31	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	7	32	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	7	33	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	7	34	was	be	VBD
work_b3ftiyv34jhylmblxzqccxhcby	7	35	circulated	circulate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	7	36	under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	7	37	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	7	38	title	title	NN
work_b3ftiyv34jhylmblxzqccxhcby	7	39	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	7	40	Expectations	Expectations	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	7	41	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	7	42	Liquidity	Liquidity	NNP
work_b3ftiyv34jhylmblxzqccxhcby	7	43	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	7	44	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	7	45	Short-	Short-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	7	46	Term	Term	NNP
work_b3ftiyv34jhylmblxzqccxhcby	7	47	Trading	Trading	NNP
work_b3ftiyv34jhylmblxzqccxhcby	7	48	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	7	49	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	8	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	8	2	helpful	helpful	JJ
work_b3ftiyv34jhylmblxzqccxhcby	8	3	comments	comment	NNS
work_b3ftiyv34jhylmblxzqccxhcby	8	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	8	5	thank	thank	VBP
work_b3ftiyv34jhylmblxzqccxhcby	8	6	Elias	Elias	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	7	Albagli	Albagli	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	9	Max	Max	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	10	Bruche	Bruche	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	12	Giacinta	Giacinta	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	13	Cestone	Cestone	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	15	Hans	Hans	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	16	Degryse	Degryse	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	18	Marcelo	Marcelo	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	19	Fernandes	Fernandes	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	21	Itay	Itay	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	22	Goldstein	Goldstein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	24	Peter	Peter	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	25	Hoffmann	Hoffmann	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	27	Harrison	Harrison	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	28	Hong	Hong	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	29	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	30	Peter	Peter	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	31	Kondor	Kondor	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	33	Jean-	Jean-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	34	Paul	Paul	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	35	Laurent	Laurent	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	37	Olivier	Olivier	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	38	Loisel	Loisel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	40	Stephen	Stephen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	41	Morris	Morris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	42	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	43	Richard	Richard	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	44	Payne	Payne	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	45	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	46	Ioanid	Ioanid	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	47	Roşu	Roşu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	48	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	49	Kristien	Kristien	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	50	Smedts	Smedts	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	51	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	52	Gunther	Gunther	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	53	Wuyts	Wuyts	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	54	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	55	Lian	Lian	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	56	Yang	Yang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	57	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	58	Kathy	Kathy	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	59	Yuan	Yuan	NNP
work_b3ftiyv34jhylmblxzqccxhcby	8	60	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	8	61	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	8	62	participants	participant	NNS
work_b3ftiyv34jhylmblxzqccxhcby	8	63	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	8	64	numerous	numerous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	8	65	seminars	seminar	NNS
work_b3ftiyv34jhylmblxzqccxhcby	8	66	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	8	67	conferences	conference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	8	68	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	9	1	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	9	2	acknowl-	acknowl-	NN
work_b3ftiyv34jhylmblxzqccxhcby	9	3	edges	edge	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	9	4	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	9	5	support	support	NN
work_b3ftiyv34jhylmblxzqccxhcby	9	6	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	9	7	ESRC	ESRC	NNP
work_b3ftiyv34jhylmblxzqccxhcby	9	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	9	9	grant	grant	VB
work_b3ftiyv34jhylmblxzqccxhcby	9	10	no	no	UH
work_b3ftiyv34jhylmblxzqccxhcby	9	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	10	1	ES	ES	NNP
work_b3ftiyv34jhylmblxzqccxhcby	10	2	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	10	3	J00250X/1	J00250X/1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	10	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	10	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	11	1	Vives	vive	NNS
work_b3ftiyv34jhylmblxzqccxhcby	11	2	acknowledges	acknowledge	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	11	3	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	11	4	support	support	NN
work_b3ftiyv34jhylmblxzqccxhcby	11	5	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	11	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	11	7	European	European	NNP
work_b3ftiyv34jhylmblxzqccxhcby	11	8	Research	Research	NNP
work_b3ftiyv34jhylmblxzqccxhcby	11	9	Council	Council	NNP
work_b3ftiyv34jhylmblxzqccxhcby	11	10	under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	11	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	11	12	Advanced	Advanced	NNP
work_b3ftiyv34jhylmblxzqccxhcby	11	13	Grant	Grant	NNP
work_b3ftiyv34jhylmblxzqccxhcby	11	14	project	project	NN
work_b3ftiyv34jhylmblxzqccxhcby	11	15	Information	Information	NNP
work_b3ftiyv34jhylmblxzqccxhcby	11	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	11	17	Competition	Competition	NNP
work_b3ftiyv34jhylmblxzqccxhcby	11	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	11	19	no	no	UH
work_b3ftiyv34jhylmblxzqccxhcby	11	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	12	1	230254	230254	CD
work_b3ftiyv34jhylmblxzqccxhcby	12	2	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	12	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	12	4	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	12	5	project	project	NN
work_b3ftiyv34jhylmblxzqccxhcby	12	6	ECO2011	ECO2011	NNP
work_b3ftiyv34jhylmblxzqccxhcby	12	7	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	12	8	29533	29533	CD
work_b3ftiyv34jhylmblxzqccxhcby	12	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	12	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	12	11	Spanish	Spanish	NNP
work_b3ftiyv34jhylmblxzqccxhcby	12	12	Ministry	Ministry	NNP
work_b3ftiyv34jhylmblxzqccxhcby	12	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	12	14	Science	Science	NNP
work_b3ftiyv34jhylmblxzqccxhcby	12	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	12	16	Innovation	Innovation	NNP
work_b3ftiyv34jhylmblxzqccxhcby	12	17	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	12	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	12	19	Public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	12	20	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	12	21	Private	Private	NNP
work_b3ftiyv34jhylmblxzqccxhcby	12	22	Sector	Sector	NNP
work_b3ftiyv34jhylmblxzqccxhcby	12	23	Research	Research	NNP
work_b3ftiyv34jhylmblxzqccxhcby	12	24	Center	Center	NNP
work_b3ftiyv34jhylmblxzqccxhcby	12	25	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	12	26	IESE	IESE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	12	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	13	1	†Cass	†Cass	NNP
work_b3ftiyv34jhylmblxzqccxhcby	13	2	Business	Business	NNP
work_b3ftiyv34jhylmblxzqccxhcby	13	3	School	School	NNP
work_b3ftiyv34jhylmblxzqccxhcby	13	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	13	5	City	City	NNP
work_b3ftiyv34jhylmblxzqccxhcby	13	6	University	University	NNP
work_b3ftiyv34jhylmblxzqccxhcby	13	7	London	London	NNP
work_b3ftiyv34jhylmblxzqccxhcby	13	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	13	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	13	10	CEPR	CEPR	NNP
work_b3ftiyv34jhylmblxzqccxhcby	13	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	14	1	106	106	CD
work_b3ftiyv34jhylmblxzqccxhcby	14	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	14	3	Bunhill	Bunhill	NNP
work_b3ftiyv34jhylmblxzqccxhcby	14	4	Row	Row	NNP
work_b3ftiyv34jhylmblxzqccxhcby	14	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	14	6	London	London	NNP
work_b3ftiyv34jhylmblxzqccxhcby	14	7	EC1Y	EC1Y	NNP
work_b3ftiyv34jhylmblxzqccxhcby	14	8	8TZ	8TZ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	14	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	14	10	UK	UK	NNP
work_b3ftiyv34jhylmblxzqccxhcby	14	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	15	1	e	e	LS
work_b3ftiyv34jhylmblxzqccxhcby	15	2	-	-	NN
work_b3ftiyv34jhylmblxzqccxhcby	15	3	mail	mail	NN
work_b3ftiyv34jhylmblxzqccxhcby	15	4	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	15	5	giovanni.cespa@gmail.com	giovanni.cespa@gmail.com	ADD
work_b3ftiyv34jhylmblxzqccxhcby	15	6	‡IESE	‡iese	CD
work_b3ftiyv34jhylmblxzqccxhcby	15	7	Business	Business	NNP
work_b3ftiyv34jhylmblxzqccxhcby	15	8	School	School	NNP
work_b3ftiyv34jhylmblxzqccxhcby	15	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	15	10	Avinguda	Avinguda	NNP
work_b3ftiyv34jhylmblxzqccxhcby	15	11	Pearson	Pearson	NNP
work_b3ftiyv34jhylmblxzqccxhcby	15	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	15	13	21	21	CD
work_b3ftiyv34jhylmblxzqccxhcby	15	14	08034	08034	CD
work_b3ftiyv34jhylmblxzqccxhcby	15	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	15	16	Barcelona	Barcelona	NNP
work_b3ftiyv34jhylmblxzqccxhcby	15	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	15	18	Spain	Spain	NNP
work_b3ftiyv34jhylmblxzqccxhcby	15	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	16	1	1	1	LS
work_b3ftiyv34jhylmblxzqccxhcby	16	2	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	16	3	might	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	16	4	have	have	VB
work_b3ftiyv34jhylmblxzqccxhcby	16	5	been	be	VBN
work_b3ftiyv34jhylmblxzqccxhcby	16	6	supposed	suppose	VBN
work_b3ftiyv34jhylmblxzqccxhcby	16	7	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	16	8	competition	competition	NN
work_b3ftiyv34jhylmblxzqccxhcby	16	9	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	16	10	expert	expert	NN
work_b3ftiyv34jhylmblxzqccxhcby	16	11	profession-	profession-	FW
work_b3ftiyv34jhylmblxzqccxhcby	16	12	als	als	FW
work_b3ftiyv34jhylmblxzqccxhcby	16	13	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	16	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	17	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	18	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	18	2	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	19	1	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	19	2	correct	correct	VB
work_b3ftiyv34jhylmblxzqccxhcby	19	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	19	4	vagaries	vagary	NNS
work_b3ftiyv34jhylmblxzqccxhcby	19	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	19	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	19	7	ignorant	ignorant	JJ
work_b3ftiyv34jhylmblxzqccxhcby	19	8	individual	individual	NN
work_b3ftiyv34jhylmblxzqccxhcby	19	9	left	leave	VBD
work_b3ftiyv34jhylmblxzqccxhcby	19	10	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	19	11	himself	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	19	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	20	1	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	20	2	happens	happen	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	20	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	20	4	however	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	20	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	20	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	20	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	20	8	energies	energy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	20	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	20	10	skill	skill	NN
work_b3ftiyv34jhylmblxzqccxhcby	20	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	20	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	20	13	professional	professional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	20	14	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	20	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	20	16	speculator	speculator	NN
work_b3ftiyv34jhylmblxzqccxhcby	20	17	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	20	18	mainly	mainly	RB
work_b3ftiyv34jhylmblxzqccxhcby	20	19	occupied	occupy	VBN
work_b3ftiyv34jhylmblxzqccxhcby	20	20	otherwise	otherwise	RB
work_b3ftiyv34jhylmblxzqccxhcby	20	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	21	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	21	2	most	most	JJS
work_b3ftiyv34jhylmblxzqccxhcby	21	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	21	4	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	21	5	persons	person	NNS
work_b3ftiyv34jhylmblxzqccxhcby	21	6	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	21	7	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	21	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	22	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	23	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	23	2	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	24	1	largely	largely	RB
work_b3ftiyv34jhylmblxzqccxhcby	24	2	concerned	concerned	JJ
work_b3ftiyv34jhylmblxzqccxhcby	24	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	24	4	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	24	5	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	24	6	making	make	VBG
work_b3ftiyv34jhylmblxzqccxhcby	24	7	superior	superior	JJ
work_b3ftiyv34jhylmblxzqccxhcby	24	8	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	24	9	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	24	10	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	24	11	forecasts	forecast	NNS
work_b3ftiyv34jhylmblxzqccxhcby	24	12	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	24	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	25	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	26	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	26	2	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	27	1	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	27	2	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	27	3	foreseeing	foresee	VBG
work_b3ftiyv34jhylmblxzqccxhcby	27	4	changes	change	NNS
work_b3ftiyv34jhylmblxzqccxhcby	27	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	27	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	27	7	conventional	conventional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	27	8	basis	basis	NN
work_b3ftiyv34jhylmblxzqccxhcby	27	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	27	10	valuation	valuation	NN
work_b3ftiyv34jhylmblxzqccxhcby	27	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	27	12	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	27	13	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	27	14	ahead	ahead	RB
work_b3ftiyv34jhylmblxzqccxhcby	27	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	27	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	27	17	general	general	JJ
work_b3ftiyv34jhylmblxzqccxhcby	27	18	public	public	NN
work_b3ftiyv34jhylmblxzqccxhcby	27	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	28	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	28	2	Keynes	Keynes	NNP
work_b3ftiyv34jhylmblxzqccxhcby	28	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	28	4	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	28	5	General	General	NNP
work_b3ftiyv34jhylmblxzqccxhcby	28	6	Theory	Theory	NNP
work_b3ftiyv34jhylmblxzqccxhcby	28	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	28	8	Employment	Employment	NNP
work_b3ftiyv34jhylmblxzqccxhcby	28	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	28	10	Interest	Interest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	28	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	28	12	Money	money	NN
work_b3ftiyv34jhylmblxzqccxhcby	28	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	28	14	1936	1936	CD
work_b3ftiyv34jhylmblxzqccxhcby	28	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	28	16	Does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	28	17	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	28	18	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	28	19	termism	termism	NN
work_b3ftiyv34jhylmblxzqccxhcby	28	20	breed	breed	VBP
work_b3ftiyv34jhylmblxzqccxhcby	28	21	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	28	22	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	28	23	inefficiency	inefficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	28	24	?	?	.
work_b3ftiyv34jhylmblxzqccxhcby	29	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	29	2	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	29	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	29	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	29	5	need	nee	MD
work_b3ftiyv34jhylmblxzqccxhcby	29	6	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	29	7	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	29	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	29	9	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	29	10	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	29	11	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	29	12	though	though	IN
work_b3ftiyv34jhylmblxzqccxhcby	29	13	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	29	14	Contests	Contests	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	29	15	arise	arise	VBP
work_b3ftiyv34jhylmblxzqccxhcby	29	16	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	29	17	provided	provide	VBN
work_b3ftiyv34jhylmblxzqccxhcby	29	18	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	29	19	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	29	20	shocks	shock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	29	21	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	29	22	per-	per-	RB
work_b3ftiyv34jhylmblxzqccxhcby	29	23	sistent	sistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	29	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	30	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	30	2	examine	examine	VBP
work_b3ftiyv34jhylmblxzqccxhcby	30	3	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	30	4	question	question	NN
work_b3ftiyv34jhylmblxzqccxhcby	30	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	30	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	30	7	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	30	8	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	30	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	30	10	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	30	11	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	30	12	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	30	13	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	30	14	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	30	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	30	16	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	30	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	30	18	competitive	competitive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	30	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	30	20	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	30	21	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	30	22	averse	averse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	30	23	agents	agent	NNS
work_b3ftiyv34jhylmblxzqccxhcby	30	24	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	30	25	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	30	26	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	30	27	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	30	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	30	29	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	30	30	accommodate	accommodate	VB
work_b3ftiyv34jhylmblxzqccxhcby	30	31	liquid-	liquid-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	30	32	ity	ity	NN
work_b3ftiyv34jhylmblxzqccxhcby	30	33	supply	supply	NN
work_b3ftiyv34jhylmblxzqccxhcby	30	34	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	30	35	facing	face	VBG
work_b3ftiyv34jhylmblxzqccxhcby	30	36	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	30	37	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	30	38	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	30	39	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	30	40	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	30	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	31	1	Traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	31	2	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	31	3	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	31	4	myopia	myopia	NNP
work_b3ftiyv34jhylmblxzqccxhcby	31	5	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	31	6	ranks	rank	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	31	7	high	high	RB
work_b3ftiyv34jhylmblxzqccxhcby	31	8	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	31	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	31	10	regulatory	regulatory	JJ
work_b3ftiyv34jhylmblxzqccxhcby	31	11	agenda	agenda	NN
work_b3ftiyv34jhylmblxzqccxhcby	31	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	31	13	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	31	14	testifies	testify	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	31	15	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	31	16	policy	policy	NN
work_b3ftiyv34jhylmblxzqccxhcby	31	17	mak-	mak-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	31	18	ers	ers	NNP
work_b3ftiyv34jhylmblxzqccxhcby	31	19	’	'	''
work_b3ftiyv34jhylmblxzqccxhcby	31	20	concern	concern	NN
work_b3ftiyv34jhylmblxzqccxhcby	31	21	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	31	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	31	23	possibly	possibly	RB
work_b3ftiyv34jhylmblxzqccxhcby	31	24	detrimental	detrimental	JJ
work_b3ftiyv34jhylmblxzqccxhcby	31	25	effects	effect	NNS
work_b3ftiyv34jhylmblxzqccxhcby	31	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	31	27	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	31	28	myopia	myopia	NN
work_b3ftiyv34jhylmblxzqccxhcby	31	29	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	31	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	31	31	market.1	market.1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	31	32	Debate	debate	NN
work_b3ftiyv34jhylmblxzqccxhcby	31	33	over	over	IN
work_b3ftiyv34jhylmblxzqccxhcby	31	34	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	31	35	issue	issue	NN
work_b3ftiyv34jhylmblxzqccxhcby	31	36	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	31	37	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	31	38	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	31	39	tradition	tradition	NN
work_b3ftiyv34jhylmblxzqccxhcby	31	40	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	31	41	economic	economic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	31	42	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	31	43	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	32	1	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	32	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	32	3	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	32	4	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	32	5	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	32	6	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	32	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	32	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	32	9	very	very	JJ
work_b3ftiyv34jhylmblxzqccxhcby	32	10	basis	basis	NN
work_b3ftiyv34jhylmblxzqccxhcby	32	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	32	12	Keynes	Keynes	NNP
work_b3ftiyv34jhylmblxzqccxhcby	32	13	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	32	14	dismal	dismal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	32	15	view	view	NN
work_b3ftiyv34jhylmblxzqccxhcby	32	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	32	17	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	32	18	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	32	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	33	1	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	33	2	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	33	3	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	33	4	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	33	5	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	33	6	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	33	7	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	33	8	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	33	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	33	10	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	33	11	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	33	12	investment	investment	NN
work_b3ftiyv34jhylmblxzqccxhcby	33	13	decisions	decision	NNS
work_b3ftiyv34jhylmblxzqccxhcby	33	14	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	33	15	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	33	16	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	33	17	anticipation	anticipation	NN
work_b3ftiyv34jhylmblxzqccxhcby	33	18	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	33	19	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	33	20	peers	peer	NNS
work_b3ftiyv34jhylmblxzqccxhcby	33	21	’	'	''
work_b3ftiyv34jhylmblxzqccxhcby	33	22	changing	change	VBG
work_b3ftiyv34jhylmblxzqccxhcby	33	23	whims	whim	NNS
work_b3ftiyv34jhylmblxzqccxhcby	33	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	33	25	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	33	26	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	33	27	actual	actual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	33	28	knowledge	knowledge	NN
work_b3ftiyv34jhylmblxzqccxhcby	33	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	33	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	33	31	companies	company	NNS
work_b3ftiyv34jhylmblxzqccxhcby	33	32	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	33	33	trade	trade	VBP
work_b3ftiyv34jhylmblxzqccxhcby	33	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	34	1	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	34	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	34	3	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	34	5	competition	competition	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	6	among	among	IN
work_b3ftiyv34jhylmblxzqccxhcby	34	7	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	34	8	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	34	9	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	34	10	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	34	11	necessarily	necessarily	RB
work_b3ftiyv34jhylmblxzqccxhcby	34	12	counteract	counteract	VB
work_b3ftiyv34jhylmblxzqccxhcby	34	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	34	14	actions	action	NNS
work_b3ftiyv34jhylmblxzqccxhcby	34	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	34	16	unin-	unin-	FW
work_b3ftiyv34jhylmblxzqccxhcby	34	17	formed	form	VBN
work_b3ftiyv34jhylmblxzqccxhcby	34	18	traders.2	traders.2	JJ
work_b3ftiyv34jhylmblxzqccxhcby	34	19	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	34	20	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	34	21	been	be	VBN
work_b3ftiyv34jhylmblxzqccxhcby	34	22	claimed	claim	VBN
work_b3ftiyv34jhylmblxzqccxhcby	34	23	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	34	24	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	34	25	type	type	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	34	27	behavior	behavior	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	28	introduces	introduce	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	34	29	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	34	30	particular	particular	JJ
work_b3ftiyv34jhylmblxzqccxhcby	34	31	form	form	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	32	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	34	33	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	34	34	inefficiency	inefficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	35	whereby	whereby	WRB
work_b3ftiyv34jhylmblxzqccxhcby	34	36	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	34	37	tend	tend	VBP
work_b3ftiyv34jhylmblxzqccxhcby	34	38	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	34	39	put	put	VB
work_b3ftiyv34jhylmblxzqccxhcby	34	40	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	34	41	disproportionately	disproportionately	RB
work_b3ftiyv34jhylmblxzqccxhcby	34	42	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	34	43	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	44	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	34	45	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	34	46	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	47	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	34	48	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	34	49	forecast	forecast	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	50	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	34	51	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	52	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	34	53	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	34	54	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	34	55	Allen	Allen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	34	56	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	34	57	Morris	Morris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	34	58	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	34	59	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	34	60	Shin	Shin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	34	61	1While	1While	NNP
work_b3ftiyv34jhylmblxzqccxhcby	34	62	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	34	63	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	64	presence	presence	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	65	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	34	66	traditionally	traditionally	RB
work_b3ftiyv34jhylmblxzqccxhcby	34	67	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	34	68	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	34	69	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	70	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	34	71	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	34	72	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	34	73	institutions	institution	NNS
work_b3ftiyv34jhylmblxzqccxhcby	34	74	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	34	75	steadily	steadily	RB
work_b3ftiyv34jhylmblxzqccxhcby	34	76	increased	increase	VBN
work_b3ftiyv34jhylmblxzqccxhcby	34	77	during	during	IN
work_b3ftiyv34jhylmblxzqccxhcby	34	78	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	34	79	last	last	JJ
work_b3ftiyv34jhylmblxzqccxhcby	34	80	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	34	81	decades	decade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	34	82	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	34	83	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	34	84	holding	hold	VBG
work_b3ftiyv34jhylmblxzqccxhcby	34	85	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	86	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	34	87	decreased	decrease	VBN
work_b3ftiyv34jhylmblxzqccxhcby	34	88	substantially	substantially	RB
work_b3ftiyv34jhylmblxzqccxhcby	34	89	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	34	90	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	34	91	OECD	OECD	NNP
work_b3ftiyv34jhylmblxzqccxhcby	34	92	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	34	93	http	http	NNS
work_b3ftiyv34jhylmblxzqccxhcby	34	94	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	34	95	//www.oecd.org	//www.oecd.org	.
work_b3ftiyv34jhylmblxzqccxhcby	34	96	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	34	97	daf	daf	NNP
work_b3ftiyv34jhylmblxzqccxhcby	34	98	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	34	99	fin	fin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	34	100	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	34	101	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	34	102	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	34	103	markets/48616812.pdf	markets/48616812.pdf	NN
work_b3ftiyv34jhylmblxzqccxhcby	34	104	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	34	105	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	35	1	Haldane	Haldane	NNP
work_b3ftiyv34jhylmblxzqccxhcby	35	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	35	3	Davies	davy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	35	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	35	5	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	35	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	35	7	examine	examine	VB
work_b3ftiyv34jhylmblxzqccxhcby	35	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	35	9	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	35	10	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	35	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	35	12	UK-	UK-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	35	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	35	14	US	US	NNP
work_b3ftiyv34jhylmblxzqccxhcby	35	15	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	35	16	listed	list	VBN
work_b3ftiyv34jhylmblxzqccxhcby	35	17	companies	company	NNS
work_b3ftiyv34jhylmblxzqccxhcby	35	18	over	over	IN
work_b3ftiyv34jhylmblxzqccxhcby	35	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	35	20	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	35	21	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	35	22	1980	1980	CD
work_b3ftiyv34jhylmblxzqccxhcby	35	23	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	35	24	2009	2009	CD
work_b3ftiyv34jhylmblxzqccxhcby	35	25	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	35	26	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	35	27	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	35	28	compelling	compelling	JJ
work_b3ftiyv34jhylmblxzqccxhcby	35	29	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	35	30	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	35	31	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	35	32	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	35	33	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	35	34	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	35	35	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	35	36	bias	bias	NN
work_b3ftiyv34jhylmblxzqccxhcby	35	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	35	38	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	35	39	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	35	40	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	35	41	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	35	42	pronounced	pronounced	JJ
work_b3ftiyv34jhylmblxzqccxhcby	35	43	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	35	44	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	35	45	last	last	JJ
work_b3ftiyv34jhylmblxzqccxhcby	35	46	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	35	47	years	year	NNS
work_b3ftiyv34jhylmblxzqccxhcby	35	48	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	35	49	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	35	50	sample	sample	NN
work_b3ftiyv34jhylmblxzqccxhcby	35	51	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	36	1	2“Or	2“Or	NNP
work_b3ftiyv34jhylmblxzqccxhcby	36	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	36	3	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	36	4	change	change	VB
work_b3ftiyv34jhylmblxzqccxhcby	36	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	6	metaphor	metaphor	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	7	slightly	slightly	RB
work_b3ftiyv34jhylmblxzqccxhcby	36	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	36	9	professional	professional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	36	10	investment	investment	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	11	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	36	12	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	36	13	likened	liken	VBN
work_b3ftiyv34jhylmblxzqccxhcby	36	14	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	15	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	16	newspaper	newspaper	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	17	competitions	competition	NNS
work_b3ftiyv34jhylmblxzqccxhcby	36	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	19	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	36	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	21	competitors	competitor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	36	22	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	36	23	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	36	24	pick	pick	VB
work_b3ftiyv34jhylmblxzqccxhcby	36	25	out	out	RP
work_b3ftiyv34jhylmblxzqccxhcby	36	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	27	six	six	CD
work_b3ftiyv34jhylmblxzqccxhcby	36	28	prettiest	prettiest	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	29	faces	face	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	36	30	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	31	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	32	hundred	hundred	CD
work_b3ftiyv34jhylmblxzqccxhcby	36	33	photographs	photograph	NNS
work_b3ftiyv34jhylmblxzqccxhcby	36	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	36	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	36	prize	prize	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	37	being	be	VBG
work_b3ftiyv34jhylmblxzqccxhcby	36	38	awarded	award	VBN
work_b3ftiyv34jhylmblxzqccxhcby	36	39	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	40	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	41	competitor	competitor	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	42	whose	whose	WP$
work_b3ftiyv34jhylmblxzqccxhcby	36	43	choice	choice	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	44	most	most	RBS
work_b3ftiyv34jhylmblxzqccxhcby	36	45	nearly	nearly	RB
work_b3ftiyv34jhylmblxzqccxhcby	36	46	corresponds	correspond	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	36	47	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	48	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	49	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	36	50	pref-	pref-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	36	51	erences	erence	NNS
work_b3ftiyv34jhylmblxzqccxhcby	36	52	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	53	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	54	competitors	competitor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	36	55	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	56	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	57	whole	whole	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	58	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	36	59	so	so	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	60	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	61	each	each	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	62	competitor	competitor	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	63	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	36	64	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	36	65	pick	pick	VB
work_b3ftiyv34jhylmblxzqccxhcby	36	66	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	36	67	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	36	68	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	69	faces	face	NNS
work_b3ftiyv34jhylmblxzqccxhcby	36	70	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	36	71	he	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	36	72	himself	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	36	73	finds	find	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	36	74	prettiest	prettiest	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	75	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	36	76	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	36	77	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	78	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	36	79	he	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	36	80	thinks	think	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	36	81	likeliest	likeli	JJS
work_b3ftiyv34jhylmblxzqccxhcby	36	82	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	36	83	catch	catch	VB
work_b3ftiyv34jhylmblxzqccxhcby	36	84	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	85	fancy	fancy	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	86	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	87	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	88	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	36	89	competitors	competitor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	36	90	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	36	91	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	92	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	93	whom	whom	WP
work_b3ftiyv34jhylmblxzqccxhcby	36	94	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	36	95	looking	look	VBG
work_b3ftiyv34jhylmblxzqccxhcby	36	96	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	97	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	98	problem	problem	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	99	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	100	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	36	101	same	same	JJ
work_b3ftiyv34jhylmblxzqccxhcby	36	102	point	point	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	103	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	36	104	view	view	NN
work_b3ftiyv34jhylmblxzqccxhcby	36	105	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	37	1	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	37	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	37	3	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	37	4	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	37	5	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	37	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	37	7	choosing	choose	VBG
work_b3ftiyv34jhylmblxzqccxhcby	37	8	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	37	9	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	37	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	37	11	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	37	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	37	13	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	37	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	37	15	one	one	NN
work_b3ftiyv34jhylmblxzqccxhcby	37	16	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	37	17	judgment	judgment	NN
work_b3ftiyv34jhylmblxzqccxhcby	37	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	37	19	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	37	20	really	really	RB
work_b3ftiyv34jhylmblxzqccxhcby	37	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	37	22	prettiest	prettiest	NN
work_b3ftiyv34jhylmblxzqccxhcby	37	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	37	24	nor	nor	CC
work_b3ftiyv34jhylmblxzqccxhcby	37	25	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	37	26	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	37	27	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	37	28	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	37	29	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	37	30	genuinely	genuinely	RB
work_b3ftiyv34jhylmblxzqccxhcby	37	31	thinks	think	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	37	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	37	33	prettiest	prettiest	NN
work_b3ftiyv34jhylmblxzqccxhcby	37	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	38	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	38	2	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	38	3	reached	reach	VBN
work_b3ftiyv34jhylmblxzqccxhcby	38	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	38	5	third	third	JJ
work_b3ftiyv34jhylmblxzqccxhcby	38	6	degree	degree	NN
work_b3ftiyv34jhylmblxzqccxhcby	38	7	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	38	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	38	9	devote	devote	VBP
work_b3ftiyv34jhylmblxzqccxhcby	38	10	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	38	11	intelligences	intelligence	NNS
work_b3ftiyv34jhylmblxzqccxhcby	38	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	38	13	anticipating	anticipate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	38	14	what	what	WP
work_b3ftiyv34jhylmblxzqccxhcby	38	15	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	38	16	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	38	17	expects	expect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	38	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	38	19	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	38	20	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	38	21	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	38	22	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	38	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	39	1	And	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	39	2	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	39	3	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	39	4	some	some	DT
work_b3ftiyv34jhylmblxzqccxhcby	39	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	39	6	I	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	39	7	believe	believe	VBP
work_b3ftiyv34jhylmblxzqccxhcby	39	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	39	9	who	who	WP
work_b3ftiyv34jhylmblxzqccxhcby	39	10	practise	practise	VBP
work_b3ftiyv34jhylmblxzqccxhcby	39	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	39	12	fourth	fourth	JJ
work_b3ftiyv34jhylmblxzqccxhcby	39	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	39	14	fifth	fifth	JJ
work_b3ftiyv34jhylmblxzqccxhcby	39	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	39	16	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	39	17	degrees	degree	NNS
work_b3ftiyv34jhylmblxzqccxhcby	39	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	39	19	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	39	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	39	21	Keynes	Keynes	NNP
work_b3ftiyv34jhylmblxzqccxhcby	39	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	39	23	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	39	24	General	General	NNP
work_b3ftiyv34jhylmblxzqccxhcby	39	25	Theory	Theory	NNP
work_b3ftiyv34jhylmblxzqccxhcby	39	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	39	27	Employment	Employment	NNP
work_b3ftiyv34jhylmblxzqccxhcby	39	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	39	29	Interest	Interest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	39	30	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	39	31	Money	Money	NNP
work_b3ftiyv34jhylmblxzqccxhcby	39	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	39	33	1936	1936	CD
work_b3ftiyv34jhylmblxzqccxhcby	39	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	39	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	40	1	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	40	2	http://www.oecd.org/daf/fin/financial-markets/48616812.pdf	http://www.oecd.org/daf/fin/financial-markets/48616812.pdf	NN
work_b3ftiyv34jhylmblxzqccxhcby	40	3	http://www.oecd.org/daf/fin/financial-markets/48616812.pdf	http://www.oecd.org/daf/fin/financial-markets/48616812.pdf	NN
work_b3ftiyv34jhylmblxzqccxhcby	40	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	40	5	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	40	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	40	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	40	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	41	1	Furthermore	furthermore	RB
work_b3ftiyv34jhylmblxzqccxhcby	41	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	41	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	41	4	anticipation	anticipation	NN
work_b3ftiyv34jhylmblxzqccxhcby	41	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	41	6	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	41	7	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	41	8	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	41	9	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	41	10	movements	movement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	41	11	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	41	12	induce	induce	VB
work_b3ftiyv34jhylmblxzqccxhcby	41	13	mar-	mar-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	41	14	ket	ket	NNP
work_b3ftiyv34jhylmblxzqccxhcby	41	15	participants	participant	NNS
work_b3ftiyv34jhylmblxzqccxhcby	41	16	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	41	17	act	act	VB
work_b3ftiyv34jhylmblxzqccxhcby	41	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	41	19	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	41	20	way	way	NN
work_b3ftiyv34jhylmblxzqccxhcby	41	21	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	41	22	amplifies	amplify	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	41	23	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	41	24	movements	movement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	41	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	41	26	Shin	Shin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	41	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	41	28	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	41	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	41	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	41	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	41	32	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	41	33	contribute	contribute	VB
work_b3ftiyv34jhylmblxzqccxhcby	41	34	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	41	35	crashes	crash	NNS
work_b3ftiyv34jhylmblxzqccxhcby	41	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	42	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	42	2	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	42	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	42	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	42	5	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	42	6	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	42	7	analogy	analogy	NN
work_b3ftiyv34jhylmblxzqccxhcby	42	8	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	42	9	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	42	10	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	42	11	tells	tell	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	42	12	just	just	RB
work_b3ftiyv34jhylmblxzqccxhcby	42	13	part	part	NN
work_b3ftiyv34jhylmblxzqccxhcby	42	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	42	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	42	16	story	story	NN
work_b3ftiyv34jhylmblxzqccxhcby	42	17	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	42	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	42	19	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	42	20	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	42	21	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	42	22	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	42	23	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	42	24	shocks	shock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	42	25	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	42	26	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	42	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	42	28	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	42	29	reflect	reflect	VBP
work_b3ftiyv34jhylmblxzqccxhcby	42	30	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	42	31	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	42	32	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	42	33	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	42	34	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	42	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	42	36	fundamental	fundamental	JJ
work_b3ftiyv34jhylmblxzqccxhcby	42	37	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	42	38	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	42	39	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	42	40	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	42	41	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	42	42	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	42	43	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	43	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	43	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	43	3	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	43	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	43	5	present	present	VBP
work_b3ftiyv34jhylmblxzqccxhcby	43	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	43	7	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	43	8	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	43	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	43	10	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	43	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	43	12	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	43	13	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	43	14	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	43	15	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	43	16	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	43	17	asymmetric	asymmetric	JJ
work_b3ftiyv34jhylmblxzqccxhcby	43	18	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	43	19	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	43	20	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	43	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	43	22	tradition	tradition	NN
work_b3ftiyv34jhylmblxzqccxhcby	43	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	43	24	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	43	25	noisy	noisy	JJ
work_b3ftiyv34jhylmblxzqccxhcby	43	26	rational	rational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	43	27	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	43	28	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	43	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	43	30	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	43	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	43	32	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	43	33	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	43	34	Singleton	Singleton	NNP
work_b3ftiyv34jhylmblxzqccxhcby	43	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	43	36	1987	1987	CD
work_b3ftiyv34jhylmblxzqccxhcby	43	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	43	38	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	43	39	Brown	Brown	NNP
work_b3ftiyv34jhylmblxzqccxhcby	43	40	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	43	41	Jennings	Jennings	NNP
work_b3ftiyv34jhylmblxzqccxhcby	43	42	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	43	43	1989	1989	CD
work_b3ftiyv34jhylmblxzqccxhcby	43	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	43	45	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	43	46	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	44	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	44	2	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	44	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	44	4	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	44	5	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	44	6	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	44	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	44	8	per-	per-	RB
work_b3ftiyv34jhylmblxzqccxhcby	44	9	sistent	sistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	44	10	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	44	11	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	44	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	44	13	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	44	14	complementarity	complementarity	NN
work_b3ftiyv34jhylmblxzqccxhcby	44	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	44	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	44	17	use	use	NN
work_b3ftiyv34jhylmblxzqccxhcby	44	18	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	44	19	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	44	20	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	44	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	44	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	44	23	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	44	24	provide	provide	VBP
work_b3ftiyv34jhylmblxzqccxhcby	44	25	sufficient	sufficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	44	26	conditions	condition	NNS
work_b3ftiyv34jhylmblxzqccxhcby	44	27	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	44	28	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	44	29	complementarity	complementarity	NN
work_b3ftiyv34jhylmblxzqccxhcby	44	30	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	44	31	generate	generate	VB
work_b3ftiyv34jhylmblxzqccxhcby	44	32	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	44	33	extremal	extremal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	44	34	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	44	35	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	44	36	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	44	37	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	44	38	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	44	39	ranked	rank	VBN
work_b3ftiyv34jhylmblxzqccxhcby	44	40	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	44	41	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	44	42	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	44	43	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	44	44	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	44	45	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	44	46	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	44	47	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	44	48	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	44	49	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	44	50	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	45	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	45	2	particular	particular	JJ
work_b3ftiyv34jhylmblxzqccxhcby	45	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	45	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	45	5	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	45	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	45	7	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	45	8	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	45	9	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	45	10	extremal	extremal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	45	11	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	45	12	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	45	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	45	14	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	45	15	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	45	16	informa-	informa-	NN
work_b3ftiyv34jhylmblxzqccxhcby	45	17	tion	tion	NN
work_b3ftiyv34jhylmblxzqccxhcby	45	18	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	45	19	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	45	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	45	21	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	45	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	45	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	45	24	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	45	25	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	45	26	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	45	27	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	45	28	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	45	29	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	45	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	45	31	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	45	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	45	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	46	1	At	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	46	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	46	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	46	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	46	5	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	46	6	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	46	7	good	good	JJ
work_b3ftiyv34jhylmblxzqccxhcby	46	8	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	46	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	46	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	46	11	underlying	underlie	VBG
work_b3ftiyv34jhylmblxzqccxhcby	46	12	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	46	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	46	14	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	46	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	46	16	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	46	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	46	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	46	19	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	46	20	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	46	21	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	46	22	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	46	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	46	24	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	46	25	displays	display	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	46	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	46	27	opposite	opposite	JJ
work_b3ftiyv34jhylmblxzqccxhcby	46	28	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	46	29	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	46	30	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	46	31	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	46	32	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	46	33	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	46	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	46	35	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	46	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	46	37	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	46	38	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	46	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	47	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	47	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	47	3	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	47	4	identical	identical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	47	5	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	47	6	ours	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	47	7	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	47	8	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	47	9	transient	transient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	47	10	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	47	11	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	47	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	47	13	Allen	Allen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	47	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	47	15	Morris	Morris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	47	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	47	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	47	18	Shin	Shin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	47	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	47	20	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	47	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	47	22	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	47	23	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	47	24	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	47	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	47	26	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	47	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	47	28	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	47	29	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	47	30	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	47	31	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	47	32	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	47	33	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	47	34	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	47	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	47	36	HOEs	hoe	NNS
work_b3ftiyv34jhylmblxzqccxhcby	47	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	47	38	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	47	39	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	47	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	47	41	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	47	42	ii	ii	NNP
work_b3ftiyv34jhylmblxzqccxhcby	47	43	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	47	44	underweight	underweight	JJ
work_b3ftiyv34jhylmblxzqccxhcby	47	45	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	47	46	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	47	47	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	47	48	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	47	49	respect	respect	NN
work_b3ftiyv34jhylmblxzqccxhcby	47	50	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	47	51	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	47	52	optimal	optimal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	47	53	statisti-	statisti-	NN
work_b3ftiyv34jhylmblxzqccxhcby	47	54	cal	cal	NN
work_b3ftiyv34jhylmblxzqccxhcby	47	55	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	47	56	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	47	57	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	47	58	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	47	59	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	47	60	iii	iii	NN
work_b3ftiyv34jhylmblxzqccxhcby	47	61	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	47	62	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	47	63	farther	farther	RB
work_b3ftiyv34jhylmblxzqccxhcby	47	64	away	away	RB
work_b3ftiyv34jhylmblxzqccxhcby	47	65	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	47	66	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	47	67	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	47	68	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	47	69	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	47	70	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	47	71	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	48	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	48	2	same	same	JJ
work_b3ftiyv34jhylmblxzqccxhcby	48	3	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	48	4	obtains	obtain	NNS
work_b3ftiyv34jhylmblxzqccxhcby	48	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	48	6	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	48	7	setup	setup	NN
work_b3ftiyv34jhylmblxzqccxhcby	48	8	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	48	9	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	48	10	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	48	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	48	12	transient	transient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	48	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	49	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	49	2	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	49	3	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	49	4	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	49	5	holds	hold	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	49	6	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	49	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	49	8	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	49	9	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	49	10	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	49	11	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	49	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	49	13	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	49	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	50	1	However	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	50	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	50	3	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	50	5	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	50	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	50	7	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	50	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	50	10	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	50	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	50	12	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	50	13	strongly	strongly	RB
work_b3ftiyv34jhylmblxzqccxhcby	50	14	tied	tie	VBN
work_b3ftiyv34jhylmblxzqccxhcby	50	15	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	16	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	50	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	50	18	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	19	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	50	20	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	21	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	50	22	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	50	23	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	50	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	50	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	50	26	overweights	overweight	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	50	27	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	50	28	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	50	29	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	50	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	50	31	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	32	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	50	33	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	34	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	50	35	optimal	optimal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	50	36	statistical	statistical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	50	37	weight).3	weight).3	NNP
work_b3ftiyv34jhylmblxzqccxhcby	50	38	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	50	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	50	40	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	50	41	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	50	42	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	50	43	feature	feature	NN
work_b3ftiyv34jhylmblxzqccxhcby	50	44	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	45	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	50	46	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	50	47	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	50	48	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	50	49	necessarily	necessarily	RB
work_b3ftiyv34jhylmblxzqccxhcby	50	50	imply	imply	VB
work_b3ftiyv34jhylmblxzqccxhcby	50	51	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	52	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	50	53	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	50	54	worse	bad	JJR
work_b3ftiyv34jhylmblxzqccxhcby	50	55	estimators	estimator	NNS
work_b3ftiyv34jhylmblxzqccxhcby	50	56	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	57	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	50	58	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	50	59	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	60	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	50	61	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	50	62	neither	neither	CC
work_b3ftiyv34jhylmblxzqccxhcby	50	63	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	50	64	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	50	65	imply	imply	VB
work_b3ftiyv34jhylmblxzqccxhcby	50	66	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	67	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	50	68	exhibit	exhibit	VBP
work_b3ftiyv34jhylmblxzqccxhcby	50	69	inertia	inertia	NN
work_b3ftiyv34jhylmblxzqccxhcby	50	70	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	50	71	react	react	VBP
work_b3ftiyv34jhylmblxzqccxhcby	50	72	slowly	slowly	RB
work_b3ftiyv34jhylmblxzqccxhcby	50	73	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	74	changes	change	NNS
work_b3ftiyv34jhylmblxzqccxhcby	50	75	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	50	76	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	50	77	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	50	78	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	51	1	Hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	51	2	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	51	3	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	51	4	establish	establish	VB
work_b3ftiyv34jhylmblxzqccxhcby	51	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	51	6	limits	limit	NNS
work_b3ftiyv34jhylmblxzqccxhcby	51	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	51	8	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	51	9	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	51	10	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	51	11	analogy	analogy	NN
work_b3ftiyv34jhylmblxzqccxhcby	51	12	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	51	13	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	51	14	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	51	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	51	16	refute	refute	VBP
work_b3ftiyv34jhylmblxzqccxhcby	51	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	51	18	view	view	NN
work_b3ftiyv34jhylmblxzqccxhcby	51	19	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	51	20	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	51	21	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	51	22	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	51	23	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	51	24	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	51	25	amplifies	amplify	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	51	26	demand	demand	VBP
work_b3ftiyv34jhylmblxzqccxhcby	51	27	shocks	shock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	51	28	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	51	29	necessarily	necessarily	RB
work_b3ftiyv34jhylmblxzqccxhcby	51	30	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	51	31	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	51	32	uninformative	uninformative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	51	33	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	51	34	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	51	35	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	51	36	excess	excess	JJ
work_b3ftiyv34jhylmblxzqccxhcby	51	37	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	51	38	volatility.4	volatility.4	LS
work_b3ftiyv34jhylmblxzqccxhcby	51	39	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	51	40	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	51	41	identify	identify	VBP
work_b3ftiyv34jhylmblxzqccxhcby	51	42	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	51	43	circumstances	circumstance	NNS
work_b3ftiyv34jhylmblxzqccxhcby	51	44	3In	3in	CD
work_b3ftiyv34jhylmblxzqccxhcby	51	45	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	51	46	related	related	JJ
work_b3ftiyv34jhylmblxzqccxhcby	51	47	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	51	48	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	51	49	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	51	50	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	51	51	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	51	52	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	51	53	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	51	54	conclusion	conclusion	NN
work_b3ftiyv34jhylmblxzqccxhcby	51	55	holds	hold	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	51	56	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	51	57	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	51	58	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	51	59	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	51	60	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	51	61	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	51	62	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	51	63	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	51	64	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	51	65	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	51	66	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	51	67	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	51	68	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	51	69	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	51	70	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	51	71	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	51	72	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	51	73	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	52	1	4Part	4part	CD
work_b3ftiyv34jhylmblxzqccxhcby	52	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	52	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	52	4	debate	debate	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	5	over	over	IN
work_b3ftiyv34jhylmblxzqccxhcby	52	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	52	7	consequences	consequence	NNS
work_b3ftiyv34jhylmblxzqccxhcby	52	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	52	9	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	52	10	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	52	11	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	12	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	13	revolves	revolve	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	52	14	precisely	precisely	RB
work_b3ftiyv34jhylmblxzqccxhcby	52	15	around	around	IN
work_b3ftiyv34jhylmblxzqccxhcby	52	16	its	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	52	17	al-	al-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	52	18	leged	leged	JJ
work_b3ftiyv34jhylmblxzqccxhcby	52	19	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	52	20	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	21	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	52	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	52	23	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	52	25	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	26	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	52	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	52	28	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	52	29	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	52	30	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	52	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	52	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	52	33	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	52	34	Kay	Kay	NNP
work_b3ftiyv34jhylmblxzqccxhcby	52	35	review	review	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	36	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	52	37	UK	UK	NNP
work_b3ftiyv34jhylmblxzqccxhcby	52	38	equity	equity	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	39	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	52	40	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	52	41	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	52	42	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	43	decision	decision	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	44	making	making	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	45	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	52	46	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	52	47	available	available	JJ
work_b3ftiyv34jhylmblxzqccxhcby	52	48	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	52	49	http://lawcommission.justice.gov.uk/docs/	http://lawcommission.justice.gov.uk/docs/	NNP
work_b3ftiyv34jhylmblxzqccxhcby	52	50	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	52	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_b3ftiyv34jhylmblxzqccxhcby	52	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_b3ftiyv34jhylmblxzqccxhcby	52	53	under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	52	54	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	52	55	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	52	56	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	52	57	stabilize	stabilize	VBP
work_b3ftiyv34jhylmblxzqccxhcby	52	58	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	52	59	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	60	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	52	61	counteracting	counteract	VBG
work_b3ftiyv34jhylmblxzqccxhcby	52	62	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	52	63	actions	action	NNS
work_b3ftiyv34jhylmblxzqccxhcby	52	64	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	52	65	liquid-	liquid-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	52	66	ity	ity	NN
work_b3ftiyv34jhylmblxzqccxhcby	52	67	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	52	68	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	52	69	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	52	70	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	52	71	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	52	72	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	52	73	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	53	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	53	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	53	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	53	4	deliver	deliver	VBP
work_b3ftiyv34jhylmblxzqccxhcby	53	5	sharp	sharp	JJ
work_b3ftiyv34jhylmblxzqccxhcby	53	6	predictions	prediction	NNS
work_b3ftiyv34jhylmblxzqccxhcby	53	7	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	53	8	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	53	9	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	53	10	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	53	11	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	53	12	consistent	consistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	53	13	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	53	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	53	15	received	received	JJ
work_b3ftiyv34jhylmblxzqccxhcby	53	16	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	53	17	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	53	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	53	19	including	include	VBG
work_b3ftiyv34jhylmblxzqccxhcby	53	20	noted	note	VBN
work_b3ftiyv34jhylmblxzqccxhcby	53	21	anomalies	anomaly	NNS
work_b3ftiyv34jhylmblxzqccxhcby	53	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	53	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	54	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	54	2	crucial	crucial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	54	3	hypothesis	hypothesis	NN
work_b3ftiyv34jhylmblxzqccxhcby	54	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	54	5	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	54	6	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	54	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	54	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	54	9	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	54	10	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	54	11	displays	display	NNS
work_b3ftiyv34jhylmblxzqccxhcby	54	12	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	54	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	55	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	55	2	hypothesis	hypothesis	NN
work_b3ftiyv34jhylmblxzqccxhcby	55	3	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	55	4	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	55	5	viewed	view	VBN
work_b3ftiyv34jhylmblxzqccxhcby	55	6	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	55	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	55	8	reduced	reduce	VBN
work_b3ftiyv34jhylmblxzqccxhcby	55	9	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	55	10	form	form	NN
work_b3ftiyv34jhylmblxzqccxhcby	55	11	assumption	assumption	NN
work_b3ftiyv34jhylmblxzqccxhcby	55	12	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	55	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	55	14	performance	performance	NN
work_b3ftiyv34jhylmblxzqccxhcby	55	15	–	–	:
work_b3ftiyv34jhylmblxzqccxhcby	55	16	flow	flow	VB
work_b3ftiyv34jhylmblxzqccxhcby	55	17	rela-	rela-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	55	18	tionship	tionship	NN
work_b3ftiyv34jhylmblxzqccxhcby	55	19	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	55	20	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	55	21	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	55	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	55	23	holdings	holding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	55	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	55	25	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	55	26	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	55	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	56	1	Coval	Coval	NNP
work_b3ftiyv34jhylmblxzqccxhcby	56	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	56	3	Stafford	Stafford	NNP
work_b3ftiyv34jhylmblxzqccxhcby	56	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	56	5	2007	2007	CD
work_b3ftiyv34jhylmblxzqccxhcby	56	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	56	7	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	56	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	56	9	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	56	10	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	56	11	faced	face	VBN
work_b3ftiyv34jhylmblxzqccxhcby	56	12	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	56	13	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	56	14	redemption	redemption	NN
work_b3ftiyv34jhylmblxzqccxhcby	56	15	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	56	16	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	56	17	curtail	curtail	VB
work_b3ftiyv34jhylmblxzqccxhcby	56	18	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	56	19	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	56	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	56	21	en-	en-	CC
work_b3ftiyv34jhylmblxzqccxhcby	56	22	gage	gage	VB
work_b3ftiyv34jhylmblxzqccxhcby	56	23	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	56	24	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	56	25	fire	fire	NN
work_b3ftiyv34jhylmblxzqccxhcby	56	26	sales	sale	NNS
work_b3ftiyv34jhylmblxzqccxhcby	56	27	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	56	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	57	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	57	2	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	57	3	generates	generate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	57	4	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	57	5	temporary	temporary	JJ
work_b3ftiyv34jhylmblxzqccxhcby	57	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	57	7	allegedly	allegedly	RB
work_b3ftiyv34jhylmblxzqccxhcby	57	8	uninformed	uninforme	VBD
work_b3ftiyv34jhylmblxzqccxhcby	57	9	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	57	10	pressure	pressure	NN
work_b3ftiyv34jhylmblxzqccxhcby	57	11	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	57	12	reduces	reduce	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	57	13	fund	fund	NN
work_b3ftiyv34jhylmblxzqccxhcby	57	14	performance	performance	NN
work_b3ftiyv34jhylmblxzqccxhcby	57	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	58	1	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	58	2	shown	show	VBN
work_b3ftiyv34jhylmblxzqccxhcby	58	3	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	58	4	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	58	5	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	58	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	58	7	performance	performance	NN
work_b3ftiyv34jhylmblxzqccxhcby	58	8	–	–	:
work_b3ftiyv34jhylmblxzqccxhcby	58	9	flow	flow	NN
work_b3ftiyv34jhylmblxzqccxhcby	58	10	relationship	relationship	NN
work_b3ftiyv34jhylmblxzqccxhcby	58	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	58	12	Chevalier	Chevalier	NNP
work_b3ftiyv34jhylmblxzqccxhcby	58	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	58	14	Ellison	Ellison	NNP
work_b3ftiyv34jhylmblxzqccxhcby	58	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	58	16	1997	1997	CD
work_b3ftiyv34jhylmblxzqccxhcby	58	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	58	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	58	19	Sirri	Sirri	NNP
work_b3ftiyv34jhylmblxzqccxhcby	58	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	58	21	Tufano	Tufano	NNP
work_b3ftiyv34jhylmblxzqccxhcby	58	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	58	23	1998	1998	CD
work_b3ftiyv34jhylmblxzqccxhcby	58	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	58	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	58	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	58	27	poor	poor	JJ
work_b3ftiyv34jhylmblxzqccxhcby	58	28	performance	performance	NN
work_b3ftiyv34jhylmblxzqccxhcby	58	29	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	58	30	turn	turn	NN
work_b3ftiyv34jhylmblxzqccxhcby	58	31	breeds	breed	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	58	32	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	58	33	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	58	34	redemptions	redemption	NNS
work_b3ftiyv34jhylmblxzqccxhcby	58	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	58	36	thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	58	37	engendering	engender	VBG
work_b3ftiyv34jhylmblxzqccxhcby	58	38	further	further	JJ
work_b3ftiyv34jhylmblxzqccxhcby	58	39	fire	fire	NN
work_b3ftiyv34jhylmblxzqccxhcby	58	40	sales	sale	NNS
work_b3ftiyv34jhylmblxzqccxhcby	58	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	59	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	59	2	implica-	implica-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	59	3	tion	tion	NN
work_b3ftiyv34jhylmblxzqccxhcby	59	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	59	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	59	6	uninformed	uninformed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	59	7	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	59	8	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	59	9	display	display	VB
work_b3ftiyv34jhylmblxzqccxhcby	59	10	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	59	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	60	1	Building	build	VBG
work_b3ftiyv34jhylmblxzqccxhcby	60	2	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	60	3	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	60	4	intuition	intuition	NN
work_b3ftiyv34jhylmblxzqccxhcby	60	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	60	6	Lou	Lou	NNP
work_b3ftiyv34jhylmblxzqccxhcby	60	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	60	8	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	60	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	60	10	tests	test	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	60	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	60	12	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	60	13	flow	flow	NN
work_b3ftiyv34jhylmblxzqccxhcby	60	14	–	–	:
work_b3ftiyv34jhylmblxzqccxhcby	60	15	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	60	16	explanation	explanation	NN
work_b3ftiyv34jhylmblxzqccxhcby	60	17	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	60	18	some	some	DT
work_b3ftiyv34jhylmblxzqccxhcby	60	19	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	60	20	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	60	21	known	know	VBN
work_b3ftiyv34jhylmblxzqccxhcby	60	22	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	60	23	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	60	24	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	60	25	regularities	regularity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	60	26	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	60	27	finds	find	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	60	28	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	60	29	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	60	30	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	60	31	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	60	32	shareholdings	shareholding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	60	33	display	display	VBP
work_b3ftiyv34jhylmblxzqccxhcby	60	34	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	60	35	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	60	36	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	60	37	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	60	38	quarterly	quarterly	JJ
work_b3ftiyv34jhylmblxzqccxhcby	60	39	frequency	frequency	NN
work_b3ftiyv34jhylmblxzqccxhcby	60	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	61	1	Campbell	Campbell	NNP
work_b3ftiyv34jhylmblxzqccxhcby	61	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	61	3	Kyle	Kyle	NNP
work_b3ftiyv34jhylmblxzqccxhcby	61	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	61	5	1993	1993	CD
work_b3ftiyv34jhylmblxzqccxhcby	61	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	61	7	follow	follow	VB
work_b3ftiyv34jhylmblxzqccxhcby	61	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	61	9	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	61	10	approach	approach	NN
work_b3ftiyv34jhylmblxzqccxhcby	61	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	61	12	disentan-	disentan-	NN
work_b3ftiyv34jhylmblxzqccxhcby	61	13	gle	gle	VB
work_b3ftiyv34jhylmblxzqccxhcby	61	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	61	15	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	61	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	61	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	61	18	noise	noise	NN
work_b3ftiyv34jhylmblxzqccxhcby	61	19	process	process	NN
work_b3ftiyv34jhylmblxzqccxhcby	61	20	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	61	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	61	22	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	61	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	61	24	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	61	25	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	61	26	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	61	27	authors	author	NNS
work_b3ftiyv34jhylmblxzqccxhcby	61	28	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	61	29	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	61	30	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	61	31	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	61	32	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	61	33	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	61	34	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	61	35	highly	highly	RB
work_b3ftiyv34jhylmblxzqccxhcby	61	36	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	61	37	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	61	38	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	61	39	annual	annual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	61	40	frequency	frequency	NN
work_b3ftiyv34jhylmblxzqccxhcby	61	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	62	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	62	2	sum	sum	NN
work_b3ftiyv34jhylmblxzqccxhcby	62	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	62	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	62	5	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	62	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	62	7	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	62	8	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	62	9	appears	appear	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	62	10	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	62	11	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	62	12	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	62	13	natural	natural	JJ
work_b3ftiyv34jhylmblxzqccxhcby	62	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	62	15	plausible	plausible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	62	16	assumption	assumption	NN
work_b3ftiyv34jhylmblxzqccxhcby	62	17	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	62	18	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	62	19	backed	back	VBN
work_b3ftiyv34jhylmblxzqccxhcby	62	20	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	62	21	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	62	22	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	62	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	63	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	63	2	mechanism	mechanism	NN
work_b3ftiyv34jhylmblxzqccxhcby	63	3	responsible	responsible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	63	4	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	63	5	complementarities	complementarity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	63	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	63	7	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	63	8	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	63	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	64	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	64	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	64	3	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	64	4	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	64	5	averse	averse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	64	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	64	7	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	64	8	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	64	9	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	64	10	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	64	11	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	64	12	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	64	13	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	64	14	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	64	15	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	64	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	64	17	firm	firm	NN
work_b3ftiyv34jhylmblxzqccxhcby	64	18	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	64	19	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	64	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	65	1	His	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	65	2	willingness	willingness	NN
work_b3ftiyv34jhylmblxzqccxhcby	65	3	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	65	4	spec-	spec-	VB
work_b3ftiyv34jhylmblxzqccxhcby	65	5	ulate	ulate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	65	6	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	65	7	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	65	8	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	65	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	65	10	directly	directly	RB
work_b3ftiyv34jhylmblxzqccxhcby	65	11	related	related	JJ
work_b3ftiyv34jhylmblxzqccxhcby	65	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	65	13	how	how	WRB
work_b3ftiyv34jhylmblxzqccxhcby	65	14	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	65	15	he	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	65	16	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	65	17	estimate	estimate	VB
work_b3ftiyv34jhylmblxzqccxhcby	65	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	65	19	next	next	JJ
work_b3ftiyv34jhylmblxzqccxhcby	65	20	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	65	21	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	65	22	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	65	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	65	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	65	25	significantly	significantly	RB
work_b3ftiyv34jhylmblxzqccxhcby	65	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	65	27	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	65	28	willingness	willingness	NN
work_b3ftiyv34jhylmblxzqccxhcby	65	29	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	65	30	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	65	31	inversely	inversely	RB
work_b3ftiyv34jhylmblxzqccxhcby	65	32	related	relate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	65	33	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	65	34	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	65	35	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	65	36	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	65	37	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	65	38	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	65	39	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	65	40	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	65	41	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	65	42	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	66	1	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	66	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	66	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	66	4	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	66	5	volatile	volatile	JJ
work_b3ftiyv34jhylmblxzqccxhcby	66	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	66	7	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	66	8	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	66	9	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	66	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	66	11	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	66	12	un-	un-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	66	13	winds	wind	NNS
work_b3ftiyv34jhylmblxzqccxhcby	66	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	66	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	66	16	riskier	risky	JJR
work_b3ftiyv34jhylmblxzqccxhcby	66	17	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	66	18	strategy	strategy	NN
work_b3ftiyv34jhylmblxzqccxhcby	66	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	66	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	66	21	less	less	RBR
work_b3ftiyv34jhylmblxzqccxhcby	66	22	willing	willing	JJ
work_b3ftiyv34jhylmblxzqccxhcby	66	23	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	66	24	exploit	exploit	VB
work_b3ftiyv34jhylmblxzqccxhcby	66	25	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	66	26	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	66	27	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	66	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	66	29	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	66	30	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	66	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	67	1	Yet	yet	RB
work_b3ftiyv34jhylmblxzqccxhcby	67	2	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	67	3	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	67	4	increased	increased	JJ
work_b3ftiyv34jhylmblxzqccxhcby	67	5	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	67	6	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	67	7	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	67	8	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	67	9	today	today	NN
work_b3ftiyv34jhylmblxzqccxhcby	67	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	67	11	increases	increase	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	67	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	67	13	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	67	14	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	67	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	67	16	reduces	reduce	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	67	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	67	18	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	67	19	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	67	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	67	21	tomorrow	tomorrow	NN
work_b3ftiyv34jhylmblxzqccxhcby	67	22	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	67	23	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	67	24	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	67	25	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	67	26	today	today	NN
work_b3ftiyv34jhylmblxzqccxhcby	67	27	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	67	28	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	67	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	68	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	68	2	pushes	push	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	68	3	up	up	RP
work_b3ftiyv34jhylmblxzqccxhcby	68	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	68	5	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	68	6	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	68	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	68	8	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	68	9	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	68	10	today	today	NN
work_b3ftiyv34jhylmblxzqccxhcby	68	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	68	12	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	68	13	induce	induce	VB
work_b3ftiyv34jhylmblxzqccxhcby	68	14	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	68	15	complementarities	complementarity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	68	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	68	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	68	18	responses	response	NNS
work_b3ftiyv34jhylmblxzqccxhcby	68	19	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	68	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	68	21	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	68	22	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	68	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	69	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	69	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	69	3	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	69	4	happen	happen	VB
work_b3ftiyv34jhylmblxzqccxhcby	69	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	69	6	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	7	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	8	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	9	must	must	MD
work_b3ftiyv34jhylmblxzqccxhcby	69	10	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	69	11	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	69	12	enough	enough	RB
work_b3ftiyv34jhylmblxzqccxhcby	69	13	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	69	14	overwhelm	overwhelm	VB
work_b3ftiyv34jhylmblxzqccxhcby	69	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	69	16	usual	usual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	69	17	substitution	substitution	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	18	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	19	according	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	69	20	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	69	21	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	69	22	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	69	23	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	69	24	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	69	25	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	26	today	today	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	27	decreases	decrease	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	69	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	69	29	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	30	put	put	VBN
work_b3ftiyv34jhylmblxzqccxhcby	69	31	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	69	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	69	33	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	34	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	69	35	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	69	36	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	69	37	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	38	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	69	39	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	69	40	estimation	estimation	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	41	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	69	42	tomorrow	tomorrow	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	43	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	69	44	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	69	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	70	1	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	70	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	70	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	70	4	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	70	5	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	70	6	willingness	willingness	NN
work_b3ftiyv34jhylmblxzqccxhcby	70	7	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	70	8	act	act	VB
work_b3ftiyv34jhylmblxzqccxhcby	70	9	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	70	10	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	70	11	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	70	12	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	70	13	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	70	14	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	70	15	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	70	16	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	70	17	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	70	18	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	70	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	70	20	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	70	21	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	70	22	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	70	23	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	70	24	affects	affect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	70	25	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	70	26	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	70	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	71	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	71	2	argue	argue	VBP
work_b3ftiyv34jhylmblxzqccxhcby	71	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	71	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	71	5	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	71	6	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	71	7	sided	sided	JJ
work_b3ftiyv34jhylmblxzqccxhcby	71	8	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	71	9	kay-review-of-equity-markets-final-report.pdf	kay-review-of-equity-markets-final-report.pdf	''
work_b3ftiyv34jhylmblxzqccxhcby	71	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	71	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	72	1	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	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_b3ftiyv34jhylmblxzqccxhcby	72	38	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	72	39	account	account	VB
work_b3ftiyv34jhylmblxzqccxhcby	72	40	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	72	41	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	72	42	existence	existence	NN
work_b3ftiyv34jhylmblxzqccxhcby	72	43	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	72	44	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	72	45	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	72	46	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	72	47	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	72	48	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	72	49	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	72	50	ranked	rank	VBN
work_b3ftiyv34jhylmblxzqccxhcby	72	51	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	72	52	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	72	53	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	72	54	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	72	55	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	72	56	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	72	57	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	72	58	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	72	59	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	72	60	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	72	61	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	73	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	73	2	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	73	3	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	73	4	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	73	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	73	6	potentially	potentially	RB
work_b3ftiyv34jhylmblxzqccxhcby	73	7	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	73	8	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	73	9	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	73	10	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	73	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	73	12	persis-	persis-	IN
work_b3ftiyv34jhylmblxzqccxhcby	73	13	tent.5	tent.5	CD
work_b3ftiyv34jhylmblxzqccxhcby	73	14	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	73	15	crux	crux	NN
work_b3ftiyv34jhylmblxzqccxhcby	73	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	73	17	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	73	18	argument	argument	NN
work_b3ftiyv34jhylmblxzqccxhcby	73	19	revolves	revolve	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	73	20	around	around	IN
work_b3ftiyv34jhylmblxzqccxhcby	73	21	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	73	22	particular	particular	JJ
work_b3ftiyv34jhylmblxzqccxhcby	73	23	type	type	NN
work_b3ftiyv34jhylmblxzqccxhcby	73	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	73	25	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	73	26	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	73	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	73	28	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	73	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	73	30	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	73	31	reflected	reflect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	73	32	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	73	33	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	73	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	73	35	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	73	36	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	73	37	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	73	38	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	73	39	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	73	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	74	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	74	2	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	74	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	74	4	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	74	5	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	74	6	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	74	7	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	74	8	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	74	9	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	74	10	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	74	11	retrospectively	retrospectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	74	12	assess	assess	VB
work_b3ftiyv34jhylmblxzqccxhcby	74	13	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	74	14	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	74	15	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	74	16	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	74	17	inferences	inference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	74	18	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	74	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	74	20	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	74	21	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	74	22	that	that	RB
work_b3ftiyv34jhylmblxzqccxhcby	74	23	is	is	RB
work_b3ftiyv34jhylmblxzqccxhcby	74	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	74	25	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	74	26	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	74	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	74	28	new	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	74	29	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	74	30	gathered	gather	VBD
work_b3ftiyv34jhylmblxzqccxhcby	74	31	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	74	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	74	33	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	74	34	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	74	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	75	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	75	2	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	75	3	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	75	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	75	5	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	75	6	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	75	7	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	75	8	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	75	9	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	75	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	76	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	76	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	76	3	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	4	whose	whose	WP$
work_b3ftiyv34jhylmblxzqccxhcby	76	5	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	76	6	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	76	7	both	both	DT
work_b3ftiyv34jhylmblxzqccxhcby	76	8	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	9	averse	averse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	76	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	76	11	asymmetrically	asymmetrically	RB
work_b3ftiyv34jhylmblxzqccxhcby	76	12	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	76	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	76	14	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	76	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	76	16	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	76	17	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	76	18	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	76	19	known	know	VBN
work_b3ftiyv34jhylmblxzqccxhcby	76	20	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	76	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	76	22	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	23	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	76	25	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	76	26	stems	stem	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	76	27	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	76	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	76	29	sum	sum	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	30	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	76	31	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	76	32	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	76	33	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	34	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	76	35	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	36	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	76	37	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	76	38	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	76	39	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	40	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	76	41	component.6	component.6	VBN
work_b3ftiyv34jhylmblxzqccxhcby	76	42	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	76	43	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	76	44	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	76	45	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	46	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	76	47	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	76	48	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	76	49	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	76	50	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	76	51	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	76	52	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	76	53	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	76	54	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	76	55	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	76	56	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	57	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	76	58	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	76	59	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	76	60	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	76	61	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	76	62	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	63	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	76	64	render	render	VB
work_b3ftiyv34jhylmblxzqccxhcby	76	65	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	76	66	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	67	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	76	68	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	76	69	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	77	1	That	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	77	2	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	77	3	dimin-	dimin-	.
work_b3ftiyv34jhylmblxzqccxhcby	77	4	ishes	ishe	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	77	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	77	6	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	77	7	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	77	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	77	9	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	77	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	77	11	reducing	reduce	VBG
work_b3ftiyv34jhylmblxzqccxhcby	77	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	77	13	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	77	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	77	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	77	16	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	77	17	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	77	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	77	19	boosting	boost	VBG
work_b3ftiyv34jhylmblxzqccxhcby	77	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	77	21	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	77	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	77	23	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	77	24	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	77	25	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	77	26	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	77	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	78	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	78	2	intuition	intuition	NN
work_b3ftiyv34jhylmblxzqccxhcby	78	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	78	4	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	78	5	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	78	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	79	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	79	2	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	79	3	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	79	4	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	79	5	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	79	6	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	79	7	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	79	8	observe	observe	VBP
work_b3ftiyv34jhylmblxzqccxhcby	79	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	79	10	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	79	11	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	79	12	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	79	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	79	14	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	79	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	80	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	80	2	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	80	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	80	4	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	80	5	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	80	6	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	80	7	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	80	8	traded	trade	VBD
work_b3ftiyv34jhylmblxzqccxhcby	80	9	aggressively	aggressively	RB
work_b3ftiyv34jhylmblxzqccxhcby	80	10	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	80	11	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	80	12	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	80	13	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	80	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	80	15	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	80	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	80	17	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	80	18	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	80	19	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	80	20	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	80	21	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	80	22	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	80	23	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	80	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	80	25	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	80	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	81	1	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	81	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	81	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	81	4	bulk	bulk	NN
work_b3ftiyv34jhylmblxzqccxhcby	81	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	81	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	81	7	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	81	8	adjustment	adjustment	NN
work_b3ftiyv34jhylmblxzqccxhcby	81	9	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	81	10	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	81	11	must	must	MD
work_b3ftiyv34jhylmblxzqccxhcby	81	12	have	have	VB
work_b3ftiyv34jhylmblxzqccxhcby	81	13	already	already	RB
work_b3ftiyv34jhylmblxzqccxhcby	81	14	occurred	occur	VBN
work_b3ftiyv34jhylmblxzqccxhcby	81	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	81	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	81	17	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	81	18	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	81	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	82	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	82	2	reduces	reduce	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	82	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	82	4	likelihood	likelihood	NN
work_b3ftiyv34jhylmblxzqccxhcby	82	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	82	6	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	82	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	82	8	being	be	VBG
work_b3ftiyv34jhylmblxzqccxhcby	82	9	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	82	10	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	82	11	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	82	12	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	82	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	82	14	thereby	thereby	RB
work_b3ftiyv34jhylmblxzqccxhcby	82	15	makes	make	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	82	16	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	82	17	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	82	18	likely	likely	JJ
work_b3ftiyv34jhylmblxzqccxhcby	82	19	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	82	20	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	82	21	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	82	22	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	82	23	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	82	24	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	82	25	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	82	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	83	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	83	2	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	83	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	83	4	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	83	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	83	6	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	83	7	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	83	8	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	83	9	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	83	10	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	83	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	83	12	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	83	13	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	83	14	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	83	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	83	16	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	83	17	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	83	18	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	83	19	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	83	20	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	83	21	affected	affect	VBD
work_b3ftiyv34jhylmblxzqccxhcby	83	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	83	23	first-	first-	NN
work_b3ftiyv34jhylmblxzqccxhcby	83	24	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	83	25	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	83	26	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	83	27	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	83	28	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	83	29	further	further	JJ
work_b3ftiyv34jhylmblxzqccxhcby	83	30	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	83	31	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	83	32	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	83	33	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	83	34	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	83	35	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	83	36	realization	realization	NN
work_b3ftiyv34jhylmblxzqccxhcby	83	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	83	38	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	83	39	lower	low	JJR
work_b3ftiyv34jhylmblxzqccxhcby	83	40	expectation	expectation	NN
work_b3ftiyv34jhylmblxzqccxhcby	83	41	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	83	42	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	83	43	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	83	44	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	84	1	So	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	84	2	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	84	3	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	84	4	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	84	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	84	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	84	7	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	84	8	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	84	9	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	84	10	realization	realization	NN
work_b3ftiyv34jhylmblxzqccxhcby	84	11	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	84	12	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	84	13	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	84	14	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	84	15	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	84	16	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	84	17	revise	revise	VB
work_b3ftiyv34jhylmblxzqccxhcby	84	18	downward	downward	RB
work_b3ftiyv34jhylmblxzqccxhcby	84	19	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	84	20	expectation	expectation	NN
work_b3ftiyv34jhylmblxzqccxhcby	84	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	84	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	84	23	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	84	24	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	84	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	85	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	85	2	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	85	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	85	4	turn	turn	NN
work_b3ftiyv34jhylmblxzqccxhcby	85	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	85	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	85	7	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	85	8	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	85	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	85	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	85	11	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	85	12	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	85	13	offsets	offset	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	85	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	85	15	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	85	16	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	85	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	85	18	reducing	reduce	VBG
work_b3ftiyv34jhylmblxzqccxhcby	85	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	85	20	latter	latter	JJ
work_b3ftiyv34jhylmblxzqccxhcby	85	21	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	85	22	significance	significance	NN
work_b3ftiyv34jhylmblxzqccxhcby	85	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	86	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	86	2	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	86	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	86	4	diminished	diminish	VBN
work_b3ftiyv34jhylmblxzqccxhcby	86	5	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	86	6	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	86	7	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	86	8	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	86	9	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	86	10	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	86	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	86	12	unwinding	unwinding	NN
work_b3ftiyv34jhylmblxzqccxhcby	86	13	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	86	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	86	15	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	86	16	boosts	boost	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	86	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	86	18	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	86	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	86	20	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	86	21	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	86	22	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	86	23	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	86	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	87	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	87	2	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	87	3	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	87	4	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	87	5	self	self	NN
work_b3ftiyv34jhylmblxzqccxhcby	87	6	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	87	7	fulfilling	fulfil	VBG
work_b3ftiyv34jhylmblxzqccxhcby	87	8	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	87	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	87	10	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	87	11	reaction	reaction	NN
work_b3ftiyv34jhylmblxzqccxhcby	87	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	87	13	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	87	14	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	87	15	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	87	16	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	87	17	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	87	18	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	87	19	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	87	20	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	87	21	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	87	22	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	87	23	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	87	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	88	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	88	2	same	same	JJ
work_b3ftiyv34jhylmblxzqccxhcby	88	3	logic	logic	NN
work_b3ftiyv34jhylmblxzqccxhcby	88	4	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	88	5	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	88	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	88	7	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	88	8	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	88	9	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	88	10	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	88	11	one	one	PRP
work_b3ftiyv34jhylmblxzqccxhcby	88	12	assumes	assume	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	88	13	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	88	14	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	88	15	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	88	16	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	88	17	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	88	18	trade	trade	NNP
work_b3ftiyv34jhylmblxzqccxhcby	88	19	weakly	weakly	RB
work_b3ftiyv34jhylmblxzqccxhcby	88	20	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	88	21	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	88	22	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	88	23	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	88	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	89	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	89	2	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	89	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	89	4	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	89	5	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	89	6	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	89	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	89	8	present	present	JJ
work_b3ftiyv34jhylmblxzqccxhcby	89	9	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	89	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	89	11	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	89	12	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	89	13	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	89	14	5That	5that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	89	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	89	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	89	17	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	89	18	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	89	19	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	89	20	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	89	21	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	89	22	correlated	correlate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	89	23	across	across	IN
work_b3ftiyv34jhylmblxzqccxhcby	89	24	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	89	25	dates	date	NNS
work_b3ftiyv34jhylmblxzqccxhcby	89	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	90	1	6The	6the	CD
work_b3ftiyv34jhylmblxzqccxhcby	90	2	former	former	JJ
work_b3ftiyv34jhylmblxzqccxhcby	90	3	captures	capture	NNS
work_b3ftiyv34jhylmblxzqccxhcby	90	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	90	5	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	90	6	variation	variation	NN
work_b3ftiyv34jhylmblxzqccxhcby	90	7	due	due	IN
work_b3ftiyv34jhylmblxzqccxhcby	90	8	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	90	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	90	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	90	11	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	90	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	90	13	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	90	14	exposure	exposure	NN
work_b3ftiyv34jhylmblxzqccxhcby	90	15	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	90	16	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	90	17	experience	experience	VB
work_b3ftiyv34jhylmblxzqccxhcby	90	18	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	90	19	clearing	clear	VBG
work_b3ftiyv34jhylmblxzqccxhcby	90	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	90	21	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	90	22	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	90	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	90	24	latter	latter	JJ
work_b3ftiyv34jhylmblxzqccxhcby	90	25	captures	capture	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	90	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	90	27	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	90	28	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	90	29	due	due	IN
work_b3ftiyv34jhylmblxzqccxhcby	90	30	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	90	31	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	90	32	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	90	33	inferences	inference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	90	34	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	90	35	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	90	36	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	90	37	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	90	38	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	90	39	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	90	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	91	1	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	91	2	moderately	moderately	RB
work_b3ftiyv34jhylmblxzqccxhcby	91	3	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	91	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	91	5	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	91	6	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	91	7	extremal	extremal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	91	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	91	9	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	91	10	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	91	11	arise	arise	NN
work_b3ftiyv34jhylmblxzqccxhcby	91	12	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	91	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	91	14	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	91	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	91	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	91	17	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	91	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	92	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	92	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	92	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	92	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	92	5	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	92	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	92	7	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	92	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	92	9	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	92	10	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	92	11	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	92	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	92	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	92	14	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	92	15	closely	closely	RB
work_b3ftiyv34jhylmblxzqccxhcby	92	16	reflect	reflect	VBP
work_b3ftiyv34jhylmblxzqccxhcby	92	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	92	18	underlying	underlie	VBG
work_b3ftiyv34jhylmblxzqccxhcby	92	19	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	92	20	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	92	21	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	92	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	92	23	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	92	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	92	25	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	92	26	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	92	27	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	92	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	92	29	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	92	30	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	92	31	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	92	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	92	33	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	92	34	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	92	35	reflect	reflect	VBP
work_b3ftiyv34jhylmblxzqccxhcby	92	36	poorly	poorly	RB
work_b3ftiyv34jhylmblxzqccxhcby	92	37	underlying	underlie	VBG
work_b3ftiyv34jhylmblxzqccxhcby	92	38	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	92	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	93	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	93	2	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	93	3	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	93	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	93	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	93	6	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	93	7	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	93	8	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	93	9	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	93	10	very	very	RB
work_b3ftiyv34jhylmblxzqccxhcby	93	11	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	93	12	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	93	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	93	14	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	93	15	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	93	16	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	93	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	93	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	93	19	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	93	20	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	93	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	93	22	only	only	JJ
work_b3ftiyv34jhylmblxzqccxhcby	93	23	likely	likely	JJ
work_b3ftiyv34jhylmblxzqccxhcby	93	24	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	93	25	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	93	26	arise	arise	VB
work_b3ftiyv34jhylmblxzqccxhcby	93	27	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	93	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	93	29	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	93	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	94	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	94	2	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	94	3	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	94	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	94	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	94	6	strength	strength	NN
work_b3ftiyv34jhylmblxzqccxhcby	94	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	94	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	94	9	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	94	10	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	94	11	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	94	12	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	94	13	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	94	14	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	94	15	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	94	16	reliance	reliance	NN
work_b3ftiyv34jhylmblxzqccxhcby	94	17	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	94	18	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	94	19	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	94	20	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	94	21	source	source	NN
work_b3ftiyv34jhylmblxzqccxhcby	94	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	94	23	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	94	24	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	94	25	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	94	26	decisions	decision	NNS
work_b3ftiyv34jhylmblxzqccxhcby	94	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	95	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	95	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	95	3	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	95	4	example	example	NN
work_b3ftiyv34jhylmblxzqccxhcby	95	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	95	6	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	95	7	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	95	8	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	95	9	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	95	10	much	much	RB
work_b3ftiyv34jhylmblxzqccxhcby	95	11	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	95	12	precise	precise	JJ
work_b3ftiyv34jhylmblxzqccxhcby	95	13	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	95	14	exogenous	exogenous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	95	15	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	95	16	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	95	17	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	95	18	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	95	19	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	95	20	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	95	21	relatively	relatively	RB
work_b3ftiyv34jhylmblxzqccxhcby	95	22	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	95	23	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	95	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	95	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	95	26	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	95	27	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	95	28	very	very	RB
work_b3ftiyv34jhylmblxzqccxhcby	95	29	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	95	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	95	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	95	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	95	33	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	95	34	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	95	35	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	95	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	96	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	96	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	96	3	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	96	4	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	96	5	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	96	6	increases	increase	NNS
work_b3ftiyv34jhylmblxzqccxhcby	96	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	96	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	96	9	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	96	10	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	96	11	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	96	12	weakens	weaken	NNS
work_b3ftiyv34jhylmblxzqccxhcby	96	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	96	14	thereby	thereby	RB
work_b3ftiyv34jhylmblxzqccxhcby	96	15	stabilizes	stabilize	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	96	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	96	17	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	96	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	97	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	97	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	97	3	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	97	4	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	97	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	97	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	97	7	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	97	8	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	97	9	increases	increase	NNS
work_b3ftiyv34jhylmblxzqccxhcby	97	10	further	far	RBR
work_b3ftiyv34jhylmblxzqccxhcby	97	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	97	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	97	13	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	97	14	disappears	disappear	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	97	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	97	16	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	97	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	97	18	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	97	19	reduciton	reduciton	NN
work_b3ftiyv34jhylmblxzqccxhcby	97	20	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	97	21	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	97	22	weakened	weaken	VBN
work_b3ftiyv34jhylmblxzqccxhcby	97	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	97	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	97	25	uniqueness	uniqueness	NN
work_b3ftiyv34jhylmblxzqccxhcby	97	26	occurs	occur	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	97	27	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	97	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	97	29	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	97	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	98	1	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	98	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	98	3	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	98	4	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	98	5	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	98	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	98	7	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	98	8	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	98	9	plays	play	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	98	10	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	98	11	active	active	JJ
work_b3ftiyv34jhylmblxzqccxhcby	98	12	role	role	NN
work_b3ftiyv34jhylmblxzqccxhcby	98	13	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	98	14	determining	determine	VBG
work_b3ftiyv34jhylmblxzqccxhcby	98	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	98	16	type	type	NN
work_b3ftiyv34jhylmblxzqccxhcby	98	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	98	18	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	98	19	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	98	20	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	98	21	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	98	22	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	98	23	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	98	24	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	98	25	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	98	26	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	98	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	99	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	99	2	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	99	3	predicts	predict	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	99	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	99	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	99	6	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	99	7	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	99	8	under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	99	9	extreme	extreme	JJ
work_b3ftiyv34jhylmblxzqccxhcby	99	10	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	99	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	99	12	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	99	13	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	99	14	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	99	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	99	16	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	99	17	could	could	MD
work_b3ftiyv34jhylmblxzqccxhcby	99	18	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	99	19	proxied	proxie	VBN
work_b3ftiyv34jhylmblxzqccxhcby	99	20	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	99	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	99	22	number	number	NN
work_b3ftiyv34jhylmblxzqccxhcby	99	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	99	24	analysts	analyst	NNS
work_b3ftiyv34jhylmblxzqccxhcby	99	25	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	99	26	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	99	27	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	99	28	security	security	NN
work_b3ftiyv34jhylmblxzqccxhcby	99	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	99	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	100	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	100	2	low-	low-	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	3	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	4	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	100	6	characterized	characterize	VBN
work_b3ftiyv34jhylmblxzqccxhcby	100	7	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	100	8	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	100	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	100	10	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	100	12	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	100	13	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	100	14	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	15	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	100	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	100	18	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	19	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	20	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	100	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	100	22	ii	ii	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	100	24	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	25	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	100	26	reversal	reversal	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	100	28	depending	depend	VBG
work_b3ftiyv34jhylmblxzqccxhcby	100	29	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	100	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	100	31	strength	strength	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	32	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	100	33	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	34	;	;	,
work_b3ftiyv34jhylmblxzqccxhcby	100	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	100	36	iii	iii	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	100	38	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	100	39	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	100	40	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	100	41	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	100	42	providing	provide	VBG
work_b3ftiyv34jhylmblxzqccxhcby	100	43	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	44	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	100	45	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	100	46	iv	iv	LS
work_b3ftiyv34jhylmblxzqccxhcby	100	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	100	48	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	100	49	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	100	50	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	100	51	far	far	RB
work_b3ftiyv34jhylmblxzqccxhcby	100	52	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	100	53	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	100	54	semi	semi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	100	55	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	100	56	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	100	57	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	100	58	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	59	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	100	60	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	100	61	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	62	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	100	63	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	100	64	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	100	65	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	100	66	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	67	return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	68	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	69	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	100	70	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	71	imbalances	imbalance	NNS
work_b3ftiyv34jhylmblxzqccxhcby	100	72	;	;	,
work_b3ftiyv34jhylmblxzqccxhcby	100	73	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	100	74	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	100	75	vi	vi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	100	76	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	100	77	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	100	78	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	79	accompanied	accompany	VBN
work_b3ftiyv34jhylmblxzqccxhcby	100	80	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	100	81	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	100	82	levels	level	NNS
work_b3ftiyv34jhylmblxzqccxhcby	100	83	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	100	84	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	100	85	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	101	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	101	2	intermediate	intermediate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	101	3	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	101	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	101	5	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	101	6	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	101	7	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	101	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	101	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	101	10	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	101	11	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	101	12	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	101	13	arise	arise	VB
work_b3ftiyv34jhylmblxzqccxhcby	101	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	102	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	102	2	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	3	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	102	4	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	5	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	6	features	feature	NNS
work_b3ftiyv34jhylmblxzqccxhcby	102	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	102	8	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	102	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	102	11	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	12	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	13	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	102	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	102	16	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	17	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	102	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	102	20	ii	ii	NNP
work_b3ftiyv34jhylmblxzqccxhcby	102	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	102	22	mild	mild	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	23	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	102	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	102	26	iii	iii	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	102	28	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	29	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	102	30	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	102	31	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	102	32	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	33	provision	provision	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	102	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	102	36	iv	iv	LS
work_b3ftiyv34jhylmblxzqccxhcby	102	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	102	38	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	102	39	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	102	40	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	102	41	close	close	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	42	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	102	43	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	102	44	semi	semi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	45	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	46	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	47	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	48	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	49	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	102	50	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	102	51	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	52	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	102	53	weak	weak	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	54	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	55	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	102	56	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	57	return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	58	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	59	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	102	60	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	61	imbalances	imbalance	NNS
work_b3ftiyv34jhylmblxzqccxhcby	102	62	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	102	63	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	102	64	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	102	65	vi	vi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	102	66	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	102	67	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	68	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	69	accompanied	accompany	VBN
work_b3ftiyv34jhylmblxzqccxhcby	102	70	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	102	71	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	102	72	levels	level	NNS
work_b3ftiyv34jhylmblxzqccxhcby	102	73	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	102	74	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	102	75	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	103	1	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	103	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	103	3	important	important	JJ
work_b3ftiyv34jhylmblxzqccxhcby	103	4	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	103	5	note	note	VB
work_b3ftiyv34jhylmblxzqccxhcby	103	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	103	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	103	8	autocovariance	autocovariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	103	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	103	10	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	103	11	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	103	12	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	103	13	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	103	14	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	103	15	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	103	16	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	103	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	103	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	103	19	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	103	20	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	103	21	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	103	22	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	103	23	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	103	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	103	25	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	103	26	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	103	27	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	103	28	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	103	29	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	103	30	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	103	31	sufficiently	sufficiently	RB
work_b3ftiyv34jhylmblxzqccxhcby	103	32	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	103	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	104	1	Since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	104	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	104	3	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	104	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	104	5	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	104	6	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	104	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	104	8	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	104	9	essential	essential	JJ
work_b3ftiyv34jhylmblxzqccxhcby	104	10	ingredient	ingredient	NN
work_b3ftiyv34jhylmblxzqccxhcby	104	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	104	12	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	104	13	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	104	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	104	15	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	104	16	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	104	17	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	104	18	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	104	19	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	104	20	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	104	21	consequence	consequence	NN
work_b3ftiyv34jhylmblxzqccxhcby	104	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	104	23	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	104	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	105	1	That	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	105	2	being	be	VBG
work_b3ftiyv34jhylmblxzqccxhcby	105	3	said	say	VBN
work_b3ftiyv34jhylmblxzqccxhcby	105	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	105	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	105	6	patterns	pattern	NNS
work_b3ftiyv34jhylmblxzqccxhcby	105	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	105	8	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	105	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	105	10	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	105	11	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	105	12	implied	imply	VBN
work_b3ftiyv34jhylmblxzqccxhcby	105	13	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	105	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	105	15	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	105	16	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	105	17	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	105	18	markedly	markedly	RB
work_b3ftiyv34jhylmblxzqccxhcby	105	19	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	105	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	106	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	106	2	particular	particular	JJ
work_b3ftiyv34jhylmblxzqccxhcby	106	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	106	4	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	106	5	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	106	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	106	7	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	106	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	106	9	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	106	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	106	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	106	12	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	106	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	106	14	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	106	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	106	16	sign	sign	NN
work_b3ftiyv34jhylmblxzqccxhcby	106	17	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	106	18	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	106	19	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	106	20	rapidly	rapidly	RB
work_b3ftiyv34jhylmblxzqccxhcby	106	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	106	22	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	106	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	106	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	106	25	slowly	slowly	RB
work_b3ftiyv34jhylmblxzqccxhcby	106	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	106	27	converging	converge	VBG
work_b3ftiyv34jhylmblxzqccxhcby	106	28	toward	toward	IN
work_b3ftiyv34jhylmblxzqccxhcby	106	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	106	30	full	full	JJ
work_b3ftiyv34jhylmblxzqccxhcby	106	31	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	106	32	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	106	33	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	106	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	107	1	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	107	2	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	107	3	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	107	4	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	107	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	107	6	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	107	7	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	107	8	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	107	9	•	•	NNP
work_b3ftiyv34jhylmblxzqccxhcby	107	10	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	107	11	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	107	12	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	107	13	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	107	14	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	107	15	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	107	16	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	17	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	107	18	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	107	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	107	20	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	21	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	107	22	levels	level	NNS
work_b3ftiyv34jhylmblxzqccxhcby	107	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	24	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	107	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	107	26	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	107	27	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	107	28	discriminates	discriminate	NNS
work_b3ftiyv34jhylmblxzqccxhcby	107	29	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	30	favor	favor	NN
work_b3ftiyv34jhylmblxzqccxhcby	107	31	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	107	33	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	107	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	107	35	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	107	36	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	107	37	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	38	relation	relation	NN
work_b3ftiyv34jhylmblxzqccxhcby	107	39	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	40	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	107	41	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	107	42	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	107	43	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	107	44	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	45	relation	relation	NN
work_b3ftiyv34jhylmblxzqccxhcby	107	46	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	47	alternative	alternative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	107	48	theories	theory	NNS
work_b3ftiyv34jhylmblxzqccxhcby	107	49	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	107	50	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	51	differences	difference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	107	52	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	53	opinions	opinion	NNS
work_b3ftiyv34jhylmblxzqccxhcby	107	54	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	107	55	DO	do	NN
work_b3ftiyv34jhylmblxzqccxhcby	107	56	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	107	57	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	107	58	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	107	59	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	60	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	107	61	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	107	62	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	107	63	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	107	64	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	107	65	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	107	66	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	107	67	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	108	1	•	•	VB
work_b3ftiyv34jhylmblxzqccxhcby	108	2	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	108	3	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	108	4	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	108	5	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	108	6	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	108	7	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	108	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	108	9	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	108	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	108	11	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	108	12	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	108	13	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	108	14	rule	rule	VB
work_b3ftiyv34jhylmblxzqccxhcby	108	15	out	out	RP
work_b3ftiyv34jhylmblxzqccxhcby	108	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	108	17	applicability	applicability	NN
work_b3ftiyv34jhylmblxzqccxhcby	108	18	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	108	19	rational	rational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	108	20	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	108	21	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	108	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	108	23	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	108	24	suggested	suggest	VBN
work_b3ftiyv34jhylmblxzqccxhcby	108	25	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	108	26	Banerjee	Banerjee	NNP
work_b3ftiyv34jhylmblxzqccxhcby	108	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	108	28	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	108	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	108	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	108	31	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	108	32	example	example	NN
work_b3ftiyv34jhylmblxzqccxhcby	108	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	108	34	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	108	35	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	108	36	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	108	37	consistent	consistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	108	38	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	108	39	ours	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	108	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	109	1	•	•	VB
work_b3ftiyv34jhylmblxzqccxhcby	109	2	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	109	3	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	109	4	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	109	5	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	109	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	109	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	109	8	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	109	9	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	109	10	identifies	identify	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	109	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	109	12	HIE;7	hie;7	NN
work_b3ftiyv34jhylmblxzqccxhcby	109	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	109	14	ob-	ob-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	109	15	servation	servation	NN
work_b3ftiyv34jhylmblxzqccxhcby	109	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	109	17	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	109	18	reversal	reversal	NN
work_b3ftiyv34jhylmblxzqccxhcby	109	19	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	109	20	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	109	21	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	109	22	identifies	identify	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	109	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	109	24	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	109	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	109	26	under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	109	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	109	28	maintained	maintained	JJ
work_b3ftiyv34jhylmblxzqccxhcby	109	29	hypothesis	hypothesis	NN
work_b3ftiyv34jhylmblxzqccxhcby	109	30	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	109	31	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	109	32	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	109	33	holds	hold	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	109	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	109	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	110	1	•	•	VB
work_b3ftiyv34jhylmblxzqccxhcby	110	2	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	110	3	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	110	4	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	110	5	fragile	fragile	JJ
work_b3ftiyv34jhylmblxzqccxhcby	110	6	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	110	7	stocks	stock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	110	8	–	–	:
work_b3ftiyv34jhylmblxzqccxhcby	110	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	110	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	110	11	sense	sense	NN
work_b3ftiyv34jhylmblxzqccxhcby	110	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	110	13	Greenwood	Greenwood	NNP
work_b3ftiyv34jhylmblxzqccxhcby	110	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	110	15	Thesmar	Thesmar	NNP
work_b3ftiyv34jhylmblxzqccxhcby	110	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	110	17	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	110	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	110	19	–	–	:
work_b3ftiyv34jhylmblxzqccxhcby	110	20	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	110	21	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	110	22	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	110	23	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	110	24	transaction	transaction	NN
work_b3ftiyv34jhylmblxzqccxhcby	110	25	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	110	26	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	110	27	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	110	28	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	110	29	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	110	30	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	110	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	110	32	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	110	33	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	110	34	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	110	35	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	110	36	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	110	37	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	110	38	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	110	39	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	110	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	111	1	Similarly	similarly	RB
work_b3ftiyv34jhylmblxzqccxhcby	111	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	111	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	111	4	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	111	5	transaction	transaction	NN
work_b3ftiyv34jhylmblxzqccxhcby	111	6	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	111	7	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	111	8	non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	111	9	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	111	10	fragile	fragile	JJ
work_b3ftiyv34jhylmblxzqccxhcby	111	11	stocks	stock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	111	12	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	111	13	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	111	14	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	111	15	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	111	16	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	111	17	levels	level	NNS
work_b3ftiyv34jhylmblxzqccxhcby	111	18	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	111	19	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	111	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	111	21	constitutes	constitute	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	111	22	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	111	23	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	111	24	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	111	25	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	111	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	112	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	112	2	rest	rest	NN
work_b3ftiyv34jhylmblxzqccxhcby	112	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	112	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	112	5	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	112	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	112	7	organized	organize	VBN
work_b3ftiyv34jhylmblxzqccxhcby	112	8	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	112	9	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	112	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	113	1	After	after	IN
work_b3ftiyv34jhylmblxzqccxhcby	113	2	discussing	discuss	VBG
work_b3ftiyv34jhylmblxzqccxhcby	113	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	113	4	related	relate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	113	5	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	113	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	113	7	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	113	8	analyze	analyze	VBP
work_b3ftiyv34jhylmblxzqccxhcby	113	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	113	10	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	113	11	benchmark	benchmark	NN
work_b3ftiyv34jhylmblxzqccxhcby	113	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	114	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	114	2	Section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	114	3	III	III	NNP
work_b3ftiyv34jhylmblxzqccxhcby	114	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	114	5	study	study	VBP
work_b3ftiyv34jhylmblxzqccxhcby	114	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	114	7	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	114	8	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	114	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	114	10	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	114	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	114	12	relate	relate	VB
work_b3ftiyv34jhylmblxzqccxhcby	114	13	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	114	14	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	114	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	114	16	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	114	17	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	114	18	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	114	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	114	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	114	21	present	present	VB
work_b3ftiyv34jhylmblxzqccxhcby	114	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	114	23	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	114	24	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	114	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	115	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	115	2	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	115	3	derive	derive	VBP
work_b3ftiyv34jhylmblxzqccxhcby	115	4	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	115	5	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	115	6	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	115	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	115	8	use	use	VB
work_b3ftiyv34jhylmblxzqccxhcby	115	9	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	115	10	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	115	11	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	115	12	interpret	interpret	VB
work_b3ftiyv34jhylmblxzqccxhcby	115	13	some	some	DT
work_b3ftiyv34jhylmblxzqccxhcby	115	14	aspects	aspect	NNS
work_b3ftiyv34jhylmblxzqccxhcby	115	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	115	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	115	17	recent	recent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	115	18	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	115	19	crisis	crisis	NN
work_b3ftiyv34jhylmblxzqccxhcby	115	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	116	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	116	2	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	116	3	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	116	4	final	final	JJ
work_b3ftiyv34jhylmblxzqccxhcby	116	5	section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	116	6	summarizes	summarize	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	116	7	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	116	8	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	116	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	116	10	discusses	discuss	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	116	11	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	116	12	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	116	13	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	116	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	117	1	Most	Most	JJS
work_b3ftiyv34jhylmblxzqccxhcby	117	2	formal	formal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	117	3	proofs	proof	NNS
work_b3ftiyv34jhylmblxzqccxhcby	117	4	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	117	5	relegated	relegate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	117	6	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	117	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	117	8	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	117	9	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	117	10	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	117	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	118	1	An	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	118	2	Online	Online	NNP
work_b3ftiyv34jhylmblxzqccxhcby	118	3	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	118	4	offers	offer	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	118	5	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	118	6	detailed	detailed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	118	7	robustness	robustness	NN
work_b3ftiyv34jhylmblxzqccxhcby	118	8	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	118	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	118	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	118	11	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	118	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	119	1	I	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	119	2	Related	relate	VBD
work_b3ftiyv34jhylmblxzqccxhcby	119	3	literature	literature	VBP
work_b3ftiyv34jhylmblxzqccxhcby	119	4	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	119	5	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	119	6	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	119	7	related	relate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	119	8	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	119	9	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	119	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	119	11	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	119	12	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	119	13	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	119	14	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	119	15	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	119	16	strands	strand	NNS
work_b3ftiyv34jhylmblxzqccxhcby	119	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	119	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	119	19	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	119	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	120	1	First	first	RB
work_b3ftiyv34jhylmblxzqccxhcby	120	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	120	3	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	120	4	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	120	6	related	relate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	120	7	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	120	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	120	9	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	10	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	120	11	investigates	investigate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	120	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	120	13	relationship	relationship	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	14	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	120	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	120	16	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	120	18	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	120	19	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	120	20	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	21	investment	investment	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	22	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	120	23	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	120	24	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	120	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	120	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	120	27	reaction	reaction	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	28	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	120	29	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	120	30	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	120	31	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	120	32	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	120	33	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	120	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	35	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	120	36	Singleton	Singleton	NNP
work_b3ftiyv34jhylmblxzqccxhcby	120	37	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	38	1987	1987	CD
work_b3ftiyv34jhylmblxzqccxhcby	120	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	120	41	Brown	Brown	NNP
work_b3ftiyv34jhylmblxzqccxhcby	120	42	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	120	43	Jennings	Jennings	NNP
work_b3ftiyv34jhylmblxzqccxhcby	120	44	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	45	1989	1989	CD
work_b3ftiyv34jhylmblxzqccxhcby	120	46	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	47	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	120	48	Froot	Froot	NNP
work_b3ftiyv34jhylmblxzqccxhcby	120	49	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	120	50	Scharfstein	Scharfstein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	120	51	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	120	52	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	120	53	Stein	Stein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	120	54	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	55	1992	1992	CD
work_b3ftiyv34jhylmblxzqccxhcby	120	56	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	57	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	120	58	Dow	Dow	NNP
work_b3ftiyv34jhylmblxzqccxhcby	120	59	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	120	60	Gorton	Gorton	NNP
work_b3ftiyv34jhylmblxzqccxhcby	120	61	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	62	1994	1994	CD
work_b3ftiyv34jhylmblxzqccxhcby	120	63	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	64	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	120	65	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	120	66	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	67	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	120	68	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	69	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	120	70	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	120	71	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	72	2002	2002	CD
work_b3ftiyv34jhylmblxzqccxhcby	120	73	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	74	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	120	75	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	120	76	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	77	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	120	78	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	120	79	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	120	80	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	120	81	7This	7this	DT
work_b3ftiyv34jhylmblxzqccxhcby	120	82	finding	finding	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	83	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	120	84	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	120	85	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	120	86	counterpart	counterpart	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	87	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	120	88	some	some	DT
work_b3ftiyv34jhylmblxzqccxhcby	120	89	spread	spread	VBP
work_b3ftiyv34jhylmblxzqccxhcby	120	90	decomposition	decomposition	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	91	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	120	92	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	120	93	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	120	94	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	120	95	consistently	consistently	RB
work_b3ftiyv34jhylmblxzqccxhcby	120	96	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	120	97	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	120	98	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	120	99	prediction	prediction	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	100	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	120	101	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	120	102	spread	spread	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	103	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	120	104	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	105	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	120	106	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	120	107	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	120	108	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	120	109	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	121	1	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	121	2	Albagli	Albagli	NNP
work_b3ftiyv34jhylmblxzqccxhcby	121	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	121	4	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	121	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	121	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	121	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	122	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	122	2	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	122	3	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	122	4	semi	semi	RB
work_b3ftiyv34jhylmblxzqccxhcby	122	5	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	122	6	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	122	7	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	122	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	122	9	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	122	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	122	11	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	122	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	122	13	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	122	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	122	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	122	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	122	17	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	122	18	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	122	19	do	do	VBP
work_b3ftiyv34jhylmblxzqccxhcby	122	20	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	122	21	require	require	VB
work_b3ftiyv34jhylmblxzqccxhcby	122	22	compensation	compensation	NN
work_b3ftiyv34jhylmblxzqccxhcby	122	23	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	122	24	increasing	increase	VBG
work_b3ftiyv34jhylmblxzqccxhcby	122	25	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	122	26	exposure	exposure	NN
work_b3ftiyv34jhylmblxzqccxhcby	122	27	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	122	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	122	29	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	122	30	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	122	31	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	122	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	122	33	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	122	34	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	122	35	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	122	36	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	122	37	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	122	38	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	122	39	disappears	disappear	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	122	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	123	1	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	123	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	123	3	consequence	consequence	NN
work_b3ftiyv34jhylmblxzqccxhcby	123	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	123	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	123	6	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	123	7	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	123	8	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	123	9	breaks	break	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	123	10	down	down	RP
work_b3ftiyv34jhylmblxzqccxhcby	123	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	123	12	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	123	13	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	123	14	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	123	15	obtains	obtain	NNS
work_b3ftiyv34jhylmblxzqccxhcby	123	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	124	1	Brown	Brown	NNP
work_b3ftiyv34jhylmblxzqccxhcby	124	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	124	3	Jennings	Jennings	NNP
work_b3ftiyv34jhylmblxzqccxhcby	124	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	124	5	1989	1989	CD
work_b3ftiyv34jhylmblxzqccxhcby	124	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	124	7	analyze	analyze	VB
work_b3ftiyv34jhylmblxzqccxhcby	124	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	124	9	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	124	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	124	11	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	124	12	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	124	13	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	124	14	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	124	15	semi	semi	RB
work_b3ftiyv34jhylmblxzqccxhcby	124	16	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	124	17	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	124	18	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	124	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	124	20	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	124	21	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	124	22	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	124	23	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	124	24	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	124	25	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	124	26	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	124	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	124	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	124	29	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	124	30	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	124	31	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	124	32	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	124	33	correlated	correlate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	124	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	125	1	Their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	125	2	work	work	NN
work_b3ftiyv34jhylmblxzqccxhcby	125	3	provides	provide	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	125	4	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	125	5	rationale	rationale	NN
work_b3ftiyv34jhylmblxzqccxhcby	125	6	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	125	7	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	125	8	techni-	techni-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	125	9	cal	cal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	125	10	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	125	11	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	125	12	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	125	13	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	125	14	how	how	WRB
work_b3ftiyv34jhylmblxzqccxhcby	125	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	125	16	absent	absent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	125	17	semi	semi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	125	18	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	125	19	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	125	20	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	125	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	125	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	125	23	sequence	sequence	NN
work_b3ftiyv34jhylmblxzqccxhcby	125	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	125	25	transaction	transaction	NN
work_b3ftiyv34jhylmblxzqccxhcby	125	26	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	125	27	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	125	28	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	125	29	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	125	30	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	125	31	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	125	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	125	33	final	final	JJ
work_b3ftiyv34jhylmblxzqccxhcby	125	34	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	125	35	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	125	36	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	125	37	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	125	38	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	125	39	current	current	JJ
work_b3ftiyv34jhylmblxzqccxhcby	125	40	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	125	41	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	125	42	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	126	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	126	2	argue	argue	VBP
work_b3ftiyv34jhylmblxzqccxhcby	126	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	126	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	126	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	126	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	126	7	absence	absence	NN
work_b3ftiyv34jhylmblxzqccxhcby	126	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	126	9	semi	semi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	126	10	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	126	11	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	126	12	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	126	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	126	14	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	126	15	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	126	16	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	126	17	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	126	18	correlated	correlate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	126	19	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	126	20	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	126	21	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	126	22	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	126	23	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	126	24	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	126	25	retrospectively	retrospectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	126	26	evaluate	evaluate	VB
work_b3ftiyv34jhylmblxzqccxhcby	126	27	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	126	28	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	126	29	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	126	30	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	126	31	inferences	inference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	126	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	127	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	127	2	opportunity	opportunity	NN
work_b3ftiyv34jhylmblxzqccxhcby	127	3	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	127	4	reassessment	reassessment	NN
work_b3ftiyv34jhylmblxzqccxhcby	127	5	generates	generate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	127	6	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	127	7	complementarities	complementarity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	127	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	127	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	127	10	use	use	NN
work_b3ftiyv34jhylmblxzqccxhcby	127	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	127	12	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	127	13	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	127	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	127	15	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	127	16	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	127	17	lead	lead	VB
work_b3ftiyv34jhylmblxzqccxhcby	127	18	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	127	19	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	127	20	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	127	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	128	1	Other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	128	2	authors	author	NNS
work_b3ftiyv34jhylmblxzqccxhcby	128	3	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	128	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	128	5	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	128	6	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	128	7	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	128	8	arise	arise	VB
work_b3ftiyv34jhylmblxzqccxhcby	128	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	128	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	128	11	presence	presence	NN
work_b3ftiyv34jhylmblxzqccxhcby	128	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	128	13	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	128	14	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	128	15	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	128	16	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	128	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	129	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	129	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	129	3	regard	regard	NN
work_b3ftiyv34jhylmblxzqccxhcby	129	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	129	5	part	part	NN
work_b3ftiyv34jhylmblxzqccxhcby	129	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	129	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	129	8	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	129	9	assumes	assume	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	129	10	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	129	11	infinite	infinite	JJ
work_b3ftiyv34jhylmblxzqccxhcby	129	12	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	129	13	economy	economy	NN
work_b3ftiyv34jhylmblxzqccxhcby	129	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	130	1	Un-	Un-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	130	2	der	der	IN
work_b3ftiyv34jhylmblxzqccxhcby	130	3	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	130	4	assumption	assumption	NN
work_b3ftiyv34jhylmblxzqccxhcby	130	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	130	6	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	130	7	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	130	8	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	130	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	130	10	bootstrap	bootstrap	NN
work_b3ftiyv34jhylmblxzqccxhcby	130	11	nature	nature	NN
work_b3ftiyv34jhylmblxzqccxhcby	130	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	130	13	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	130	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	130	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	130	16	steady	steady	JJ
work_b3ftiyv34jhylmblxzqccxhcby	130	17	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	130	18	state	state	NN
work_b3ftiyv34jhylmblxzqccxhcby	130	19	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	130	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	130	21	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	130	22	overlapping	overlap	VBG
work_b3ftiyv34jhylmblxzqccxhcby	130	23	generations	generation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	130	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	130	25	OLG	OLG	NNP
work_b3ftiyv34jhylmblxzqccxhcby	130	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	130	27	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	130	28	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	130	29	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	130	30	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	130	31	live	live	VBP
work_b3ftiyv34jhylmblxzqccxhcby	130	32	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	130	33	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	130	34	periods	period	NNS
work_b3ftiyv34jhylmblxzqccxhcby	130	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	131	1	Spiegel	Spiegel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	131	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	131	3	1998	1998	CD
work_b3ftiyv34jhylmblxzqccxhcby	131	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	131	5	studies	study	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	131	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	131	7	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	131	8	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	131	9	symmetric	symmetric	JJ
work_b3ftiyv34jhylmblxzqccxhcby	131	10	information.8	information.8	PRP
work_b3ftiyv34jhylmblxzqccxhcby	131	11	Watanabe	Watanabe	NNP
work_b3ftiyv34jhylmblxzqccxhcby	131	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	131	13	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	131	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	131	15	extends	extend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	131	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	131	17	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	131	18	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	131	19	Spiegel	Spiegel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	131	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	131	21	1998	1998	CD
work_b3ftiyv34jhylmblxzqccxhcby	131	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	131	23	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	131	24	account	account	VB
work_b3ftiyv34jhylmblxzqccxhcby	131	25	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	131	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	131	27	possibility	possibility	NN
work_b3ftiyv34jhylmblxzqccxhcby	131	28	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	131	29	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	131	30	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	131	31	heterogeneous	heterogeneous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	131	32	short	short	RB
work_b3ftiyv34jhylmblxzqccxhcby	131	33	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	131	34	lived	live	VBN
work_b3ftiyv34jhylmblxzqccxhcby	131	35	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	131	36	information.9	information.9	CD
work_b3ftiyv34jhylmblxzqccxhcby	131	37	Other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	131	38	authors	author	NNS
work_b3ftiyv34jhylmblxzqccxhcby	131	39	generate	generate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	131	40	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	131	41	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	131	42	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	131	43	finite	finite	JJ
work_b3ftiyv34jhylmblxzqccxhcby	131	44	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	131	45	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	131	46	economies	economy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	131	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	132	1	Zhang	Zhang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	132	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	132	3	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	132	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	132	5	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	132	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	132	7	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	132	8	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	132	9	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	132	10	trad-	trad-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	132	11	ing	ing	NN
work_b3ftiyv34jhylmblxzqccxhcby	132	12	generates	generate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	132	13	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	132	14	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	132	15	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	132	16	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	132	17	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	132	18	ranked	rank	VBN
work_b3ftiyv34jhylmblxzqccxhcby	132	19	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	132	20	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	132	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	132	22	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	132	23	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	132	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	133	1	However	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	133	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	133	3	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	133	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	133	5	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	133	6	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	133	7	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	133	8	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	133	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	133	10	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	133	11	acquisition	acquisition	NN
work_b3ftiyv34jhylmblxzqccxhcby	133	12	stage	stage	NN
work_b3ftiyv34jhylmblxzqccxhcby	133	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	133	14	whereas	whereas	IN
work_b3ftiyv34jhylmblxzqccxhcby	133	15	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	133	16	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	133	17	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	133	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	133	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	133	20	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	133	21	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	133	22	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	133	23	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	133	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	134	1	Furthermore	furthermore	RB
work_b3ftiyv34jhylmblxzqccxhcby	134	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	134	3	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	134	4	informa-	informa-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	134	5	tion	tion	NN
work_b3ftiyv34jhylmblxzqccxhcby	134	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	134	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	134	8	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	134	9	crowds	crowd	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	134	10	out	out	RP
work_b3ftiyv34jhylmblxzqccxhcby	134	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	134	12	production	production	NN
work_b3ftiyv34jhylmblxzqccxhcby	134	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	134	14	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	134	15	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	134	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	134	17	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	134	18	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	134	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	134	20	opposite	opposite	NN
work_b3ftiyv34jhylmblxzqccxhcby	134	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	134	22	what	what	WP
work_b3ftiyv34jhylmblxzqccxhcby	134	23	happens	happen	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	134	24	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	134	25	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	134	26	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	134	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	135	1	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	135	2	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	135	3	lines	line	NNS
work_b3ftiyv34jhylmblxzqccxhcby	135	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	135	5	Avdis	Avdis	NNP
work_b3ftiyv34jhylmblxzqccxhcby	135	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	135	7	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	135	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	135	9	finds	find	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	135	10	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	135	11	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	135	12	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	135	13	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	135	14	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	135	15	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	135	16	generate	generate	VB
work_b3ftiyv34jhylmblxzqccxhcby	135	17	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	135	18	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	135	19	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	135	20	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	135	21	acquisition	acquisition	NN
work_b3ftiyv34jhylmblxzqccxhcby	135	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	136	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	136	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	136	3	Chen	Chen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	136	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	136	5	Huang	Huang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	136	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	136	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	136	8	Zhang	Zhang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	136	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	136	10	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	136	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	136	12	analyze	analyze	VB
work_b3ftiyv34jhylmblxzqccxhcby	136	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	136	14	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	136	15	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	136	16	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	136	17	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	136	18	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	136	19	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	136	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	136	21	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	136	22	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	136	23	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	136	24	receive	receive	VBP
work_b3ftiyv34jhylmblxzqccxhcby	136	25	sig-	sig-	NN
work_b3ftiyv34jhylmblxzqccxhcby	136	26	nals	nal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	136	27	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	136	28	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	136	29	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	136	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	137	1	These	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	137	2	authors	author	NNS
work_b3ftiyv34jhylmblxzqccxhcby	137	3	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	137	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	137	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	137	6	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	137	7	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	137	8	transient	transient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	137	9	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	137	10	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	137	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	137	12	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	137	13	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	137	14	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	137	15	arise	arise	VB
work_b3ftiyv34jhylmblxzqccxhcby	137	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	137	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	137	18	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	137	19	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	137	20	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	137	21	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	137	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	138	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	138	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	138	3	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	138	4	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	138	5	8In	8in	CD
work_b3ftiyv34jhylmblxzqccxhcby	138	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	138	7	absence	absence	NN
work_b3ftiyv34jhylmblxzqccxhcby	138	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	138	9	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	138	10	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	138	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	138	12	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	138	13	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	138	14	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	138	15	akin	akin	JJ
work_b3ftiyv34jhylmblxzqccxhcby	138	16	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	138	17	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	138	18	finite	finite	JJ
work_b3ftiyv34jhylmblxzqccxhcby	138	19	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	138	20	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	138	21	version	version	NN
work_b3ftiyv34jhylmblxzqccxhcby	138	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	138	23	Spiegel	Spiegel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	138	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	138	25	1998	1998	CD
work_b3ftiyv34jhylmblxzqccxhcby	138	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	138	27	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	138	28	hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	138	29	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	138	30	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	138	31	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	138	32	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	138	33	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	138	34	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	138	35	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	138	36	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	138	37	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	138	38	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	138	39	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	138	40	obtains	obtain	NNS
work_b3ftiyv34jhylmblxzqccxhcby	138	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	139	1	9In	9in	CD
work_b3ftiyv34jhylmblxzqccxhcby	139	2	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	139	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	139	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	139	5	too	too	RB
work_b3ftiyv34jhylmblxzqccxhcby	139	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	139	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	139	8	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	139	9	concentrates	concentrate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	139	10	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	139	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	139	12	steady	steady	JJ
work_b3ftiyv34jhylmblxzqccxhcby	139	13	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	139	14	state	state	NN
work_b3ftiyv34jhylmblxzqccxhcby	139	15	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	139	16	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	139	17	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	139	18	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	139	19	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	139	20	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	139	21	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	139	22	directly	directly	RB
work_b3ftiyv34jhylmblxzqccxhcby	139	23	comparable	comparable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	139	24	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	139	25	ours	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	139	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	140	1	Furthermore	furthermore	RB
work_b3ftiyv34jhylmblxzqccxhcby	140	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	140	3	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	140	4	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	140	5	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	140	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	140	7	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	140	8	lived	live	VBN
work_b3ftiyv34jhylmblxzqccxhcby	140	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	140	10	Watanabe	Watanabe	NNP
work_b3ftiyv34jhylmblxzqccxhcby	140	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	140	12	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	140	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	140	14	whereas	whereas	IN
work_b3ftiyv34jhylmblxzqccxhcby	140	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	140	16	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	140	17	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	140	18	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	140	19	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	140	20	long	long	RB
work_b3ftiyv34jhylmblxzqccxhcby	140	21	lived	live	VBN
work_b3ftiyv34jhylmblxzqccxhcby	140	22	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	140	23	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	140	24	difference	difference	NN
work_b3ftiyv34jhylmblxzqccxhcby	140	25	substantially	substantially	RB
work_b3ftiyv34jhylmblxzqccxhcby	140	26	changes	change	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	140	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	140	28	nature	nature	NN
work_b3ftiyv34jhylmblxzqccxhcby	140	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	140	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	140	31	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	140	32	problem	problem	NN
work_b3ftiyv34jhylmblxzqccxhcby	140	33	faced	face	VBN
work_b3ftiyv34jhylmblxzqccxhcby	140	34	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	140	35	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	140	36	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	140	37	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	140	38	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	140	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	141	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	141	2	related	related	JJ
work_b3ftiyv34jhylmblxzqccxhcby	141	3	research	research	NN
work_b3ftiyv34jhylmblxzqccxhcby	141	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	141	5	Dennert	Dennert	NNP
work_b3ftiyv34jhylmblxzqccxhcby	141	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	141	7	1991	1991	CD
work_b3ftiyv34jhylmblxzqccxhcby	141	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	141	9	concentrates	concentrate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	141	10	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	141	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	141	12	steady	steady	JJ
work_b3ftiyv34jhylmblxzqccxhcby	141	13	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	141	14	state	state	NN
work_b3ftiyv34jhylmblxzqccxhcby	141	15	solution	solution	NN
work_b3ftiyv34jhylmblxzqccxhcby	141	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	141	17	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	141	18	OLG	OLG	NNP
work_b3ftiyv34jhylmblxzqccxhcby	141	19	extension	extension	NN
work_b3ftiyv34jhylmblxzqccxhcby	141	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	141	21	Grossman	Grossman	NNP
work_b3ftiyv34jhylmblxzqccxhcby	141	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	141	23	Stiglitz	Stiglitz	NNP
work_b3ftiyv34jhylmblxzqccxhcby	141	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	141	25	1980	1980	CD
work_b3ftiyv34jhylmblxzqccxhcby	141	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	141	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	142	1	Private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	142	2	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	142	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	142	4	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	142	5	lived	live	VBN
work_b3ftiyv34jhylmblxzqccxhcby	142	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	142	7	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	142	8	setup	setup	NN
work_b3ftiyv34jhylmblxzqccxhcby	142	9	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	142	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	143	1	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	143	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	143	3	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	4	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	5	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	143	7	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	143	8	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	143	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	143	11	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	143	13	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	143	14	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	143	16	boosted	boost	VBN
work_b3ftiyv34jhylmblxzqccxhcby	143	17	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	143	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	143	19	dispersion	dispersion	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	143	21	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	143	22	precisions.10	precisions.10	NNP
work_b3ftiyv34jhylmblxzqccxhcby	143	23	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	143	24	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	143	25	stream	stream	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	143	27	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	28	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	143	29	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	143	30	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	143	31	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	32	relates	relate	NNS
work_b3ftiyv34jhylmblxzqccxhcby	143	33	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	143	34	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	143	35	work	work	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	36	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	143	37	addresses	address	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	143	38	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	143	39	influence	influence	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	40	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	143	41	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	143	42	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	143	43	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	44	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	143	45	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	143	46	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	143	47	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	143	48	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	143	49	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	143	50	Allen	Allen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	143	51	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	143	52	Morris	Morris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	143	53	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	143	54	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	143	55	Shin	Shin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	143	56	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	143	57	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	143	58	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	143	59	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	143	60	Nimark	Nimark	NNP
work_b3ftiyv34jhylmblxzqccxhcby	143	61	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	143	62	2007	2007	CD
work_b3ftiyv34jhylmblxzqccxhcby	143	63	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	143	64	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	143	65	Bacchetta	Bacchetta	NNP
work_b3ftiyv34jhylmblxzqccxhcby	143	66	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	143	67	van	van	NNP
work_b3ftiyv34jhylmblxzqccxhcby	143	68	Wincoop	Wincoop	NNP
work_b3ftiyv34jhylmblxzqccxhcby	143	69	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	143	70	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	143	71	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	143	72	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	143	73	Kondor	Kondor	NNP
work_b3ftiyv34jhylmblxzqccxhcby	143	74	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	143	75	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	143	76	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	143	77	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	143	78	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	144	1	Bacchetta	Bacchetta	NNP
work_b3ftiyv34jhylmblxzqccxhcby	144	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	144	3	van	van	NNP
work_b3ftiyv34jhylmblxzqccxhcby	144	4	Wincoop	Wincoop	NNP
work_b3ftiyv34jhylmblxzqccxhcby	144	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	144	6	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	144	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	144	8	study	study	VB
work_b3ftiyv34jhylmblxzqccxhcby	144	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	144	10	role	role	NN
work_b3ftiyv34jhylmblxzqccxhcby	144	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	144	12	HOEs	hoe	NNS
work_b3ftiyv34jhylmblxzqccxhcby	144	13	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	144	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	144	15	foreign	foreign	JJ
work_b3ftiyv34jhylmblxzqccxhcby	144	16	exchange	exchange	NN
work_b3ftiyv34jhylmblxzqccxhcby	144	17	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	144	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	145	1	They	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	145	2	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	145	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	145	4	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	145	5	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	145	6	worsen	worsen	VBP
work_b3ftiyv34jhylmblxzqccxhcby	145	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	145	8	signal	signal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	145	9	extraction	extraction	NN
work_b3ftiyv34jhylmblxzqccxhcby	145	10	problem	problem	NN
work_b3ftiyv34jhylmblxzqccxhcby	145	11	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	145	12	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	145	13	face	face	VBP
work_b3ftiyv34jhylmblxzqccxhcby	145	14	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	145	15	observing	observe	VBG
work_b3ftiyv34jhylmblxzqccxhcby	145	16	exchange	exchange	NN
work_b3ftiyv34jhylmblxzqccxhcby	145	17	rate	rate	NN
work_b3ftiyv34jhylmblxzqccxhcby	145	18	fluctuations	fluctuation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	145	19	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	145	20	originate	originate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	145	21	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	145	22	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	145	23	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	145	24	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	145	25	hedging	hedge	VBG
work_b3ftiyv34jhylmblxzqccxhcby	145	26	motives	motive	NNS
work_b3ftiyv34jhylmblxzqccxhcby	145	27	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	145	28	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	145	29	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	145	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	146	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	146	2	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	146	3	setup	setup	NN
work_b3ftiyv34jhylmblxzqccxhcby	146	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	146	5	deterioration	deterioration	NN
work_b3ftiyv34jhylmblxzqccxhcby	146	6	occurs	occur	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	146	7	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	146	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	146	9	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	146	10	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	146	11	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	146	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	146	13	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	146	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	146	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	146	16	contrast	contrast	NN
work_b3ftiyv34jhylmblxzqccxhcby	146	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	146	18	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	146	19	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	146	20	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	146	21	reaction	reaction	NN
work_b3ftiyv34jhylmblxzqccxhcby	146	22	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	146	23	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	146	24	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	146	25	makes	make	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	146	26	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	146	27	extraction	extraction	NN
work_b3ftiyv34jhylmblxzqccxhcby	146	28	less	less	JJR
work_b3ftiyv34jhylmblxzqccxhcby	146	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	146	30	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	146	31	problem	problem	NN
work_b3ftiyv34jhylmblxzqccxhcby	146	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	147	1	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	147	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	147	3	noteworthy	noteworthy	JJ
work_b3ftiyv34jhylmblxzqccxhcby	147	4	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	147	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	147	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	147	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	147	8	contrast	contrast	NN
work_b3ftiyv34jhylmblxzqccxhcby	147	9	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	147	10	DO	DO	NNP
work_b3ftiyv34jhylmblxzqccxhcby	147	11	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	147	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	147	13	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	147	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	147	15	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	147	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	147	17	Kandel	Kandel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	147	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	147	19	Pearson	Pearson	NNP
work_b3ftiyv34jhylmblxzqccxhcby	147	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	147	21	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	147	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	147	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	147	24	Banerjee	Banerjee	NNP
work_b3ftiyv34jhylmblxzqccxhcby	147	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	147	26	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	147	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	147	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	147	29	Kondor	Kondor	NNP
work_b3ftiyv34jhylmblxzqccxhcby	147	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	147	31	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	147	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	147	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	147	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	147	35	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	147	36	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	147	37	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	147	38	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	147	39	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	147	40	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	147	41	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	147	42	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	147	43	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	147	44	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	147	45	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	147	46	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	147	47	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	147	48	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	147	49	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	147	50	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	147	51	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	147	52	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	147	53	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	147	54	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	147	55	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	147	56	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	147	57	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	147	58	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	147	59	negatively	negatively	RB
work_b3ftiyv34jhylmblxzqccxhcby	147	60	related	relate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	147	61	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	147	62	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	147	63	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	147	64	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	148	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	148	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	148	3	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	148	4	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	148	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	148	6	related	relate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	148	7	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	148	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	148	9	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	148	10	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	148	11	limits	limit	NNS
work_b3ftiyv34jhylmblxzqccxhcby	148	12	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	148	13	arbitrage	arbitrage	VB
work_b3ftiyv34jhylmblxzqccxhcby	148	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	149	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	149	2	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	149	3	regard	regard	NN
work_b3ftiyv34jhylmblxzqccxhcby	149	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	149	5	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	149	6	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	149	7	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	149	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	149	9	reminiscent	reminiscent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	149	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	149	11	De	De	NNP
work_b3ftiyv34jhylmblxzqccxhcby	149	12	Long	Long	NNP
work_b3ftiyv34jhylmblxzqccxhcby	149	13	et	et	NNP
work_b3ftiyv34jhylmblxzqccxhcby	149	14	al	al	NNP
work_b3ftiyv34jhylmblxzqccxhcby	149	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	150	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	150	2	1990	1990	CD
work_b3ftiyv34jhylmblxzqccxhcby	150	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	150	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	150	5	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	150	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	150	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	150	8	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	150	9	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	150	10	rational	rational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	150	11	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	150	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	150	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	150	14	finite	finite	JJ
work_b3ftiyv34jhylmblxzqccxhcby	150	15	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	150	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	151	1	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	151	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	151	3	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	151	4	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	151	5	naturally	naturally	RB
work_b3ftiyv34jhylmblxzqccxhcby	151	6	relates	relate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	151	7	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	151	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	151	9	strand	strand	NN
work_b3ftiyv34jhylmblxzqccxhcby	151	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	151	11	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	151	12	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	151	13	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	151	14	views	view	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	151	15	limits	limit	NNS
work_b3ftiyv34jhylmblxzqccxhcby	151	16	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	151	17	arbitrage	arbitrage	VB
work_b3ftiyv34jhylmblxzqccxhcby	151	18	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	151	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	151	20	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	151	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	151	22	how	how	WRB
work_b3ftiyv34jhylmblxzqccxhcby	151	23	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	151	24	non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	151	25	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	151	26	fundamental	fundamental	JJ
work_b3ftiyv34jhylmblxzqccxhcby	151	27	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	151	28	shocks	shock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	151	29	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	151	30	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	151	31	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	151	32	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	151	33	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	151	34	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	151	35	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	151	36	rational	rational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	151	37	agents	agent	NNS
work_b3ftiyv34jhylmblxzqccxhcby	151	38	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	151	39	Gromb	Gromb	NNP
work_b3ftiyv34jhylmblxzqccxhcby	151	40	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	151	41	Vayanos	Vayanos	NNP
work_b3ftiyv34jhylmblxzqccxhcby	151	42	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	151	43	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	151	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	151	45	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	151	46	Vayanos	Vayanos	NNP
work_b3ftiyv34jhylmblxzqccxhcby	151	47	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	151	48	Woolley	Woolley	NNP
work_b3ftiyv34jhylmblxzqccxhcby	151	49	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	151	50	2013	2013	CD
work_b3ftiyv34jhylmblxzqccxhcby	151	51	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	151	52	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	151	53	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	151	54	emphasizing	emphasize	VBG
work_b3ftiyv34jhylmblxzqccxhcby	151	55	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	151	56	role	role	NN
work_b3ftiyv34jhylmblxzqccxhcby	151	57	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	151	58	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	151	59	shocks	shock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	151	60	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	151	61	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	152	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	152	2	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	152	3	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	152	4	predicts	predict	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	152	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	152	6	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	152	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	152	8	related	relate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	152	9	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	152	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	152	11	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	152	12	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	152	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	152	14	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	152	15	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	152	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	152	17	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	152	18	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	152	19	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	152	20	line	line	NN
work_b3ftiyv34jhylmblxzqccxhcby	152	21	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	152	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	152	23	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	152	24	presented	present	VBN
work_b3ftiyv34jhylmblxzqccxhcby	152	25	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	152	26	Llorente	Llorente	NNP
work_b3ftiyv34jhylmblxzqccxhcby	152	27	et	et	FW
work_b3ftiyv34jhylmblxzqccxhcby	152	28	al	al	NNP
work_b3ftiyv34jhylmblxzqccxhcby	152	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	153	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	153	2	2002	2002	CD
work_b3ftiyv34jhylmblxzqccxhcby	153	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	153	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	154	1	Some	some	DT
work_b3ftiyv34jhylmblxzqccxhcby	154	2	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	154	3	claimed	claim	VBN
work_b3ftiyv34jhylmblxzqccxhcby	154	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	154	5	limits	limit	NNS
work_b3ftiyv34jhylmblxzqccxhcby	154	6	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	154	7	arbitrage	arbitrage	VB
work_b3ftiyv34jhylmblxzqccxhcby	154	8	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	154	9	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	154	10	responsible	responsible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	154	11	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	154	12	crashes	crash	NNS
work_b3ftiyv34jhylmblxzqccxhcby	154	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	154	14	meltdowns	meltdown	NNS
work_b3ftiyv34jhylmblxzqccxhcby	154	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	154	16	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	154	17	Duffie	Duffie	NNP
work_b3ftiyv34jhylmblxzqccxhcby	154	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	154	19	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	154	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	154	21	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	154	22	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	154	23	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	154	24	Khandani	Khandani	NNP
work_b3ftiyv34jhylmblxzqccxhcby	154	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	154	26	Lo	Lo	NNP
work_b3ftiyv34jhylmblxzqccxhcby	154	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	154	28	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	154	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	154	30	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	154	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	154	32	August	August	NNP
work_b3ftiyv34jhylmblxzqccxhcby	154	33	2007	2007	CD
work_b3ftiyv34jhylmblxzqccxhcby	154	34	quant	quant	NN
work_b3ftiyv34jhylmblxzqccxhcby	154	35	meltdown	meltdown	NN
work_b3ftiyv34jhylmblxzqccxhcby	154	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	154	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	155	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	155	2	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	155	3	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	155	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	155	5	meltdowns	meltdown	NNS
work_b3ftiyv34jhylmblxzqccxhcby	155	6	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	155	7	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	155	8	explained	explain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	155	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	155	10	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	155	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	155	12	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	155	13	transition	transition	NN
work_b3ftiyv34jhylmblxzqccxhcby	155	14	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	155	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	155	16	high-	high-	NN
work_b3ftiyv34jhylmblxzqccxhcby	155	17	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	155	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	155	19	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	155	20	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	155	21	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	155	22	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	155	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	156	1	II	II	NNP
work_b3ftiyv34jhylmblxzqccxhcby	156	2	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	156	3	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	156	4	benchmark	benchmark	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	5	Consider	consider	VB
work_b3ftiyv34jhylmblxzqccxhcby	156	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	156	7	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	156	8	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	156	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	10	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	11	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	156	13	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	156	14	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	156	15	single	single	JJ
work_b3ftiyv34jhylmblxzqccxhcby	156	16	risky	risky	JJ
work_b3ftiyv34jhylmblxzqccxhcby	156	17	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	156	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	156	20	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	21	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	22	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	156	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	156	25	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	156	26	riskless	riskless	JJ
work_b3ftiyv34jhylmblxzqccxhcby	156	27	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	156	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	156	30	unitary	unitary	JJ
work_b3ftiyv34jhylmblxzqccxhcby	156	31	return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	156	33	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	156	34	traded	trade	VBN
work_b3ftiyv34jhylmblxzqccxhcby	156	35	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	156	36	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	156	37	continuum	continuum	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	38	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	156	39	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	40	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	156	41	averse	averse	NNP
work_b3ftiyv34jhylmblxzqccxhcby	156	42	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	156	43	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	156	44	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	156	45	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	156	46	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	156	47	interval	interval	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	48	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	156	49	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	156	50	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	156	51	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	156	52	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	156	53	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	156	54	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	156	55	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	156	56	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	156	57	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	156	58	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	157	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	157	2	assume	assume	VBP
work_b3ftiyv34jhylmblxzqccxhcby	157	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	157	4	v	v	LS
work_b3ftiyv34jhylmblxzqccxhcby	157	5	∼	∼	JJ
work_b3ftiyv34jhylmblxzqccxhcby	157	6	N(v̄,τ−1v	N(v̄,τ−1v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	157	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	157	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	158	1	Investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	158	2	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	158	3	constant	constant	JJ
work_b3ftiyv34jhylmblxzqccxhcby	158	4	absolute	absolute	JJ
work_b3ftiyv34jhylmblxzqccxhcby	158	5	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	158	6	aversion	aversion	NN
work_b3ftiyv34jhylmblxzqccxhcby	158	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	158	8	CARA	CARA	NNP
work_b3ftiyv34jhylmblxzqccxhcby	158	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	158	10	preferences	preference	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	158	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	158	12	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	158	13	use	use	VBP
work_b3ftiyv34jhylmblxzqccxhcby	158	14	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	158	15	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	158	16	denote	denote	VB
work_b3ftiyv34jhylmblxzqccxhcby	158	17	10In	10In	NNP
work_b3ftiyv34jhylmblxzqccxhcby	158	18	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	158	19	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	158	20	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	158	21	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	158	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	158	23	Ganguli	Ganguli	NNP
work_b3ftiyv34jhylmblxzqccxhcby	158	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	158	25	Yang	Yang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	158	26	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	158	27	2009	2009	CD
work_b3ftiyv34jhylmblxzqccxhcby	158	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	158	29	discusses	discuss	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	158	30	complementarities	complementarity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	158	31	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	158	32	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	158	33	acquisition	acquisition	NN
work_b3ftiyv34jhylmblxzqccxhcby	158	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	159	1	9	9	CD
work_b3ftiyv34jhylmblxzqccxhcby	159	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	159	3	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	4	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	159	5	tolerance	tolerance	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	6	coefficient	coefficient	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	159	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	159	9	maximize	maximize	VB
work_b3ftiyv34jhylmblxzqccxhcby	159	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	159	11	expected	expected	JJ
work_b3ftiyv34jhylmblxzqccxhcby	159	12	utility	utility	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	159	14	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	159	15	wealth	wealth	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	16	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	159	17	Wi	Wi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	159	18	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	159	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	159	20	v−p)xi.11	v−p)xi.11	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	21	Before	before	IN
work_b3ftiyv34jhylmblxzqccxhcby	159	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	159	23	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	24	opens	open	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	159	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	159	26	each	each	DT
work_b3ftiyv34jhylmblxzqccxhcby	159	27	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	159	28	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	29	i	i	PRP
work_b3ftiyv34jhylmblxzqccxhcby	159	30	obtains	obtain	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	159	31	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	159	32	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	33	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	159	34	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	159	36	receiving	receive	VBG
work_b3ftiyv34jhylmblxzqccxhcby	159	37	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	159	38	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	39	si	si	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	40	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	159	41	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	42	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	159	43	εi	εi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	159	44	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	159	45	εi	εi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	159	46	∼	∼	NNP
work_b3ftiyv34jhylmblxzqccxhcby	159	47	N(0,τ−1ε	N(0,τ−1ε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	159	48	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	159	49	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	159	50	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	159	51	submits	submit	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	159	52	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	159	53	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	54	schedule	schedule	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	55	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	159	56	generalized	generalize	VBN
work_b3ftiyv34jhylmblxzqccxhcby	159	57	limit	limit	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	58	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	59	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	159	60	X(si	X(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	159	61	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	159	62	p	p	LS
work_b3ftiyv34jhylmblxzqccxhcby	159	63	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	159	64	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	159	65	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	159	66	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	67	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	159	68	indicating	indicate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	159	69	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	159	70	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	71	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	159	72	desired	desire	VBN
work_b3ftiyv34jhylmblxzqccxhcby	159	73	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	74	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	159	75	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	159	76	risky	risky	JJ
work_b3ftiyv34jhylmblxzqccxhcby	159	77	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	78	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	159	79	each	each	DT
work_b3ftiyv34jhylmblxzqccxhcby	159	80	realization	realization	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	81	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	159	82	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	159	83	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	84	price.12	price.12	NNP
work_b3ftiyv34jhylmblxzqccxhcby	159	85	Assume	Assume	NNP
work_b3ftiyv34jhylmblxzqccxhcby	159	86	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	159	87	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	88	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	159	89	εi	εi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	159	90	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	159	91	independent	independent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	159	92	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	159	93	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	159	94	i	i	PRP
work_b3ftiyv34jhylmblxzqccxhcby	159	95	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	159	96	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	159	97	error	error	NN
work_b3ftiyv34jhylmblxzqccxhcby	159	98	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	159	99	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	159	100	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	159	101	independent	independent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	159	102	across	across	IN
work_b3ftiyv34jhylmblxzqccxhcby	159	103	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	159	104	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	160	1	Liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	160	2	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	160	3	submit	submit	VBP
work_b3ftiyv34jhylmblxzqccxhcby	160	4	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	160	5	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	160	6	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	160	7	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	160	8	u	u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	160	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	160	10	independent	independent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	160	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	160	12	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	160	13	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	160	14	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	160	15	variables	variable	NNS
work_b3ftiyv34jhylmblxzqccxhcby	160	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	160	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	160	18	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	160	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	160	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	160	21	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	160	22	u	u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	160	23	∼	∼	NNP
work_b3ftiyv34jhylmblxzqccxhcby	160	24	N(0,τ−1u	N(0,τ−1u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	160	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	160	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	161	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	161	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	161	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	161	4	adopt	adopt	VBP
work_b3ftiyv34jhylmblxzqccxhcby	161	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	161	6	convention	convention	NN
work_b3ftiyv34jhylmblxzqccxhcby	161	7	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	161	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	161	9	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	161	10	signal∫	signal∫	CD
work_b3ftiyv34jhylmblxzqccxhcby	161	11	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	161	12	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	161	13	si	si	NN
work_b3ftiyv34jhylmblxzqccxhcby	161	14	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	161	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	161	16	equal	equal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	161	17	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	161	18	v	v	LS
work_b3ftiyv34jhylmblxzqccxhcby	161	19	almost	almost	RB
work_b3ftiyv34jhylmblxzqccxhcby	161	20	surely	surely	RB
work_b3ftiyv34jhylmblxzqccxhcby	161	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	162	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	162	2	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	162	3	words	word	NNS
work_b3ftiyv34jhylmblxzqccxhcby	162	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	162	5	errors	error	NNS
work_b3ftiyv34jhylmblxzqccxhcby	162	6	cancel	cancel	VBP
work_b3ftiyv34jhylmblxzqccxhcby	162	7	out	out	RP
work_b3ftiyv34jhylmblxzqccxhcby	162	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	162	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	162	10	aggregate:∫	aggregate:∫	NNP
work_b3ftiyv34jhylmblxzqccxhcby	162	11	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	162	12	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	162	13	εi	εi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	162	14	di	di	FW
work_b3ftiyv34jhylmblxzqccxhcby	162	15	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	162	16	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	162	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	163	1	13	13	CD
work_b3ftiyv34jhylmblxzqccxhcby	163	2	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	163	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	163	4	CARA	CARA	NNP
work_b3ftiyv34jhylmblxzqccxhcby	163	5	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	163	6	normal	normal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	163	7	framework	framework	NN
work_b3ftiyv34jhylmblxzqccxhcby	163	8	just	just	RB
work_b3ftiyv34jhylmblxzqccxhcby	163	9	described	describe	VBN
work_b3ftiyv34jhylmblxzqccxhcby	163	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	163	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	163	12	symmetric	symmetric	JJ
work_b3ftiyv34jhylmblxzqccxhcby	163	13	rational	rational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	163	14	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	163	15	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	163	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	17	REE	REE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	163	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	19	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	163	20	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	163	21	set	set	NN
work_b3ftiyv34jhylmblxzqccxhcby	163	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	163	23	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	163	24	contingent	contingent	NN
work_b3ftiyv34jhylmblxzqccxhcby	163	25	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	163	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	163	27	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	163	28	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	163	29	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	163	30	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	163	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	163	32	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	33	X(si	X(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	163	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	163	35	p	p	LS
work_b3ftiyv34jhylmblxzqccxhcby	163	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	37	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	163	38	i	i	PRP
work_b3ftiyv34jhylmblxzqccxhcby	163	39	∈	∈	IN
work_b3ftiyv34jhylmblxzqccxhcby	163	40	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	41	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	163	42	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	163	43	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	163	44	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	45	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	46	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	163	47	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	163	48	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	163	49	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	163	50	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	163	51	functional	functional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	163	52	P(v	p(v	NN
work_b3ftiyv34jhylmblxzqccxhcby	163	53	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	163	54	u	u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	163	55	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	56	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	57	measurable	measurable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	163	58	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	163	59	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	60	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	163	61	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	163	62	u	u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	163	63	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	64	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	65	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	163	66	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	163	67	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	163	68	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	163	69	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	70	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	163	71	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	163	72	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	163	73	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	74	optimize	optimize	NN
work_b3ftiyv34jhylmblxzqccxhcby	163	75	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	76	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	163	77	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	163	78	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	163	79	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	163	80	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	163	81	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	163	82	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	163	83	clears	clear	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	163	84	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	163	85	∫	∫	NFP
work_b3ftiyv34jhylmblxzqccxhcby	163	86	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	163	87	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	163	88	xi	xi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	163	89	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	163	90	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	163	91	u	u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	163	92	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	163	93	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	163	94	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	164	1	Given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	164	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	164	3	definition	definition	NN
work_b3ftiyv34jhylmblxzqccxhcby	164	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	164	5	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	164	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	164	7	easy	easy	JJ
work_b3ftiyv34jhylmblxzqccxhcby	164	8	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	164	9	verify	verify	VB
work_b3ftiyv34jhylmblxzqccxhcby	164	10	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	164	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	164	12	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	164	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	164	14	symmetric	symmetric	JJ
work_b3ftiyv34jhylmblxzqccxhcby	164	15	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	164	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	164	17	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	164	18	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	164	19	exists	exist	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	164	20	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	164	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	164	22	class	class	NN
work_b3ftiyv34jhylmblxzqccxhcby	164	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	164	24	equilibria	equilibria	NNP
work_b3ftiyv34jhylmblxzqccxhcby	164	25	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	164	26	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	164	27	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	164	28	functional	functional	NN
work_b3ftiyv34jhylmblxzqccxhcby	164	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	164	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	164	31	form	form	NN
work_b3ftiyv34jhylmblxzqccxhcby	164	32	P(v	P(v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	164	33	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	164	34	u	u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	164	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	164	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	164	37	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	164	38	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	164	39	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	164	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	164	41	Admati	Admati	NNP
work_b3ftiyv34jhylmblxzqccxhcby	164	42	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	164	43	1985	1985	CD
work_b3ftiyv34jhylmblxzqccxhcby	164	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	164	45	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	164	46	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	164	47	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	164	48	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	164	49	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	164	50	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	164	51	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	165	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	165	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	165	3	strategy	strategy	NN
work_b3ftiyv34jhylmblxzqccxhcby	165	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	165	5	CARA	CARA	NNP
work_b3ftiyv34jhylmblxzqccxhcby	165	6	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	165	7	i	i	PRP
work_b3ftiyv34jhylmblxzqccxhcby	165	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	165	9	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	165	10	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	165	11	X(si	X(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	165	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	165	13	p	p	LS
work_b3ftiyv34jhylmblxzqccxhcby	165	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	165	15	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	165	16	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	165	17	E[v|si	E[v|si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	165	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	165	19	p	p	NN
work_b3ftiyv34jhylmblxzqccxhcby	165	20	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	165	21	−p	−p	CD
work_b3ftiyv34jhylmblxzqccxhcby	165	22	Var[v|si	Var[v|si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	165	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	165	24	p	p	NN
work_b3ftiyv34jhylmblxzqccxhcby	165	25	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	165	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	166	1	Letting	let	VBG
work_b3ftiyv34jhylmblxzqccxhcby	166	2	τi	τi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	166	3	≡	≡	ADD
work_b3ftiyv34jhylmblxzqccxhcby	166	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	166	5	Var[v|si	Var[v|si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	166	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	166	7	p])−1	p])−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	166	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	166	9	denoting	denoting	NN
work_b3ftiyv34jhylmblxzqccxhcby	166	10	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	166	11	αE	αE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	166	12	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	166	13	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	166	14	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	166	15	τi	τi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	166	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	166	17	optimal	optimal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	166	18	statistical	statistical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	166	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	166	20	Bayesian	bayesian	JJ
work_b3ftiyv34jhylmblxzqccxhcby	166	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	166	22	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	166	23	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	166	24	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	166	25	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	166	26	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	166	27	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	166	28	E[v|si	E[v|si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	166	29	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	166	30	p	p	LS
work_b3ftiyv34jhylmblxzqccxhcby	166	31	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	166	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	166	33	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	166	34	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	166	35	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	166	36	γτi	γτi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	166	37	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	166	38	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	166	39	a	a	LS
work_b3ftiyv34jhylmblxzqccxhcby	166	40	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	166	41	αE	αe	NN
work_b3ftiyv34jhylmblxzqccxhcby	166	42	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	166	43	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	166	44	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	166	45	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	166	46	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	166	47	γτε	γτε	NN
work_b3ftiyv34jhylmblxzqccxhcby	166	48	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	166	49	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	166	50	1	1	LS
work_b3ftiyv34jhylmblxzqccxhcby	166	51	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	166	52	denotes	denote	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	166	53	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	166	54	responsiveness	responsiveness	NN
work_b3ftiyv34jhylmblxzqccxhcby	166	55	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	166	56	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	166	57	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	166	58	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	166	59	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	166	60	i.	i.	NN
work_b3ftiyv34jhylmblxzqccxhcby	167	1	Note	note	VB
work_b3ftiyv34jhylmblxzqccxhcby	167	2	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	167	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	167	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	167	5	independent	independent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	167	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	167	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	167	8	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	167	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	167	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	167	11	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	167	12	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	167	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	167	14	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	167	15	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	167	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	168	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	168	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	168	3	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	168	4	Var[v|si	Var[v|si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	168	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	168	6	p	p	NN
work_b3ftiyv34jhylmblxzqccxhcby	168	7	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	168	8	cancels	cancel	NNS
work_b3ftiyv34jhylmblxzqccxhcby	168	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	168	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	168	11	numerator	numerator	NN
work_b3ftiyv34jhylmblxzqccxhcby	168	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	168	13	denominator	denominator	NN
work_b3ftiyv34jhylmblxzqccxhcby	168	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	168	15	X(si	X(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	168	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	168	17	p	p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	168	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	168	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	169	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	169	2	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	169	3	clearing	clearing	NN
work_b3ftiyv34jhylmblxzqccxhcby	169	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	169	5	imposed	impose	VBN
work_b3ftiyv34jhylmblxzqccxhcby	169	6	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	169	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	169	8	11We	11We	NNP
work_b3ftiyv34jhylmblxzqccxhcby	169	9	assume	assume	VBP
work_b3ftiyv34jhylmblxzqccxhcby	169	10	without	without	IN
work_b3ftiyv34jhylmblxzqccxhcby	169	11	loss	loss	NN
work_b3ftiyv34jhylmblxzqccxhcby	169	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	169	13	generality	generality	NN
work_b3ftiyv34jhylmblxzqccxhcby	169	14	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	169	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	169	16	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	169	17	CARA	CARA	NNP
work_b3ftiyv34jhylmblxzqccxhcby	169	18	preferences	preference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	169	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	169	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	169	21	nonrandom	nonrandom	NNP
work_b3ftiyv34jhylmblxzqccxhcby	169	22	endowment	endowment	NN
work_b3ftiyv34jhylmblxzqccxhcby	169	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	169	24	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	169	25	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	169	26	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	169	27	zero	zero	CD
work_b3ftiyv34jhylmblxzqccxhcby	169	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	170	1	12The	12the	CD
work_b3ftiyv34jhylmblxzqccxhcby	170	2	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	170	3	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	170	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	170	5	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	170	6	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	170	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	170	8	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	170	9	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	170	10	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	170	11	symmetric	symmetric	JJ
work_b3ftiyv34jhylmblxzqccxhcby	170	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	171	1	13This	13this	CD
work_b3ftiyv34jhylmblxzqccxhcby	171	2	convention	convention	NN
work_b3ftiyv34jhylmblxzqccxhcby	171	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	171	4	justified	justify	VBN
work_b3ftiyv34jhylmblxzqccxhcby	171	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	171	6	Section	Section	NNP
work_b3ftiyv34jhylmblxzqccxhcby	171	7	3.1	3.1	CD
work_b3ftiyv34jhylmblxzqccxhcby	171	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	171	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	171	10	Technical	Technical	NNP
work_b3ftiyv34jhylmblxzqccxhcby	171	11	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	171	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	171	13	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	171	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	171	15	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	171	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	171	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	172	1	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	172	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	172	3	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	172	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	172	5	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	172	6	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	172	7	p	p	NN
work_b3ftiyv34jhylmblxzqccxhcby	172	8	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	172	9	∫	∫	NFP
work_b3ftiyv34jhylmblxzqccxhcby	172	10	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	172	11	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	172	12	Ei[v	Ei[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	172	13	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	172	14	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	172	15	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	172	16	αE	αe	NN
work_b3ftiyv34jhylmblxzqccxhcby	172	17	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	172	18	u	u	NN
work_b3ftiyv34jhylmblxzqccxhcby	172	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	172	20	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	172	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	172	22	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	172	23	E[v|p	E[v|p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	172	24	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	172	25	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	172	26	ΛE[u|p	λe[u|p	NN
work_b3ftiyv34jhylmblxzqccxhcby	172	27	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	172	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	172	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	172	30	3	3	LS
work_b3ftiyv34jhylmblxzqccxhcby	172	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	172	32	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	172	33	E[u|p	E[u|p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	172	34	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	172	35	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	172	36	a(v	a(v	CD
work_b3ftiyv34jhylmblxzqccxhcby	172	37	−E[v|p	−E[v|p	.
work_b3ftiyv34jhylmblxzqccxhcby	172	38	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	172	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	172	40	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	172	41	u	u	NN
work_b3ftiyv34jhylmblxzqccxhcby	172	42	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	172	43	Λ	Λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	172	44	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	172	45	Vari[v	Vari[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	172	46	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	172	47	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	172	48	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	173	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	173	2	4	4	LS
work_b3ftiyv34jhylmblxzqccxhcby	173	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	173	4	Equations	equation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	173	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	173	6	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	173	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	173	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	173	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	173	10	3	3	LS
work_b3ftiyv34jhylmblxzqccxhcby	173	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	173	12	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	173	13	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	173	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	173	15	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	173	16	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	173	17	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	173	18	represented	represent	VBN
work_b3ftiyv34jhylmblxzqccxhcby	173	19	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	173	20	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	173	21	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	173	22	ways	way	NNS
work_b3ftiyv34jhylmblxzqccxhcby	173	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	174	1	Ac-	ac-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	174	2	cording	cord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	174	3	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	174	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	174	5	representation	representation	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	174	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	174	8	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	174	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	174	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	174	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	174	12	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	13	reflects	reflect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	174	14	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	174	15	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	174	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	174	17	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	18	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	19	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	174	20	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	174	21	hold	hold	VBP
work_b3ftiyv34jhylmblxzqccxhcby	174	22	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	174	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	174	24	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	25	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	26	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	174	27	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	174	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	174	29	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	30	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	174	31	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	32	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	174	33	liquid-	liquid-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	174	34	ity	ity	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	35	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	174	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	174	37	multiplied	multiply	VBN
work_b3ftiyv34jhylmblxzqccxhcby	174	38	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	174	39	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	174	40	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	41	tolerance	tolerance	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	42	–	–	:
work_b3ftiyv34jhylmblxzqccxhcby	174	43	weighted	weighted	JJ
work_b3ftiyv34jhylmblxzqccxhcby	174	44	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	45	over	over	IN
work_b3ftiyv34jhylmblxzqccxhcby	174	46	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	174	47	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	48	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	174	49	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	174	50	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	175	1	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	175	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	175	3	owing	owe	VBG
work_b3ftiyv34jhylmblxzqccxhcby	175	4	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	175	5	CARA	CARA	NNP
work_b3ftiyv34jhylmblxzqccxhcby	175	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	175	7	normality	normality	NN
work_b3ftiyv34jhylmblxzqccxhcby	175	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	175	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	175	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	175	11	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	175	12	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	175	13	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	175	14	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	175	15	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	175	16	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	175	17	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	175	18	proportional	proportional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	175	19	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	175	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	175	21	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	175	22	gains	gain	NNS
work_b3ftiyv34jhylmblxzqccxhcby	175	23	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	175	24	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	175	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	175	26	E[v|si	E[v|si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	175	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	175	28	p]−p	p]−p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	175	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	176	1	Because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	176	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	176	3	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	176	4	aggregates	aggregate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	176	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	176	6	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	176	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	176	8	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	176	9	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	176	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	176	11	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	176	12	reflects	reflect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	176	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	176	14	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	176	15	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	176	16	∫	∫	:
work_b3ftiyv34jhylmblxzqccxhcby	176	17	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	176	18	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	176	19	Ei[v	Ei[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	176	20	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	176	21	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	176	22	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	176	23	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	176	24	shocked	shock	VBN
work_b3ftiyv34jhylmblxzqccxhcby	176	25	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	176	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	176	27	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	176	28	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	176	29	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	176	30	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	176	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	177	1	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	177	2	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	177	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	177	4	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	177	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	177	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	177	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	177	8	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	177	9	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	177	10	reflects	reflect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	177	11	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	177	12	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	177	13	estimates	estimate	NNS
work_b3ftiyv34jhylmblxzqccxhcby	177	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	177	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	177	16	fundamen-	fundamen-	NN
work_b3ftiyv34jhylmblxzqccxhcby	177	17	tals	tal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	177	18	v	v	IN
work_b3ftiyv34jhylmblxzqccxhcby	177	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	177	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	177	21	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	177	22	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	177	23	called	call	VBN
work_b3ftiyv34jhylmblxzqccxhcby	177	24	semi	semi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	177	25	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	177	26	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	177	27	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	177	28	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	177	29	E[v|p	E[v|p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	177	30	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	177	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	177	32	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	177	33	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	177	34	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	177	35	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	177	36	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	177	37	demand	demand	VBP
work_b3ftiyv34jhylmblxzqccxhcby	177	38	u	u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	177	39	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	177	40	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	177	41	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	177	42	averse	averse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	177	43	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	177	44	demand	demand	VBP
work_b3ftiyv34jhylmblxzqccxhcby	177	45	compensation	compensation	NN
work_b3ftiyv34jhylmblxzqccxhcby	177	46	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	177	47	accommodating	accommodate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	177	48	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	177	49	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	177	50	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	177	51	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	177	52	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	178	1	Under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	178	2	asymmetric	asymmetric	JJ
work_b3ftiyv34jhylmblxzqccxhcby	178	3	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	178	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	178	5	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	178	6	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	178	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	178	8	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	178	9	perfectly	perfectly	RB
work_b3ftiyv34jhylmblxzqccxhcby	178	10	observable	observable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	178	11	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	178	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	178	13	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	178	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	179	1	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	179	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	179	3	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	179	4	compensation	compensation	NN
work_b3ftiyv34jhylmblxzqccxhcby	179	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	179	6	increasing	increase	VBG
work_b3ftiyv34jhylmblxzqccxhcby	179	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	179	8	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	179	9	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	179	10	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	179	11	estimate	estimate	NN
work_b3ftiyv34jhylmblxzqccxhcby	179	12	E[u|p	E[u|p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	179	13	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	179	14	scaled	scale	VBN
work_b3ftiyv34jhylmblxzqccxhcby	179	15	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	179	16	Λ.	Λ.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	180	1	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	180	2	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	180	3	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	180	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	180	5	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	180	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	180	7	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	180	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	180	9	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	180	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	180	11	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	180	12	E[u|p	E[u|p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	180	13	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	180	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	180	15	greater	great	JJR
work_b3ftiyv34jhylmblxzqccxhcby	180	16	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	180	17	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	180	18	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	180	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	180	20	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	180	21	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	180	22	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	180	23	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	180	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	180	25	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	180	26	involved	involve	VBN
work_b3ftiyv34jhylmblxzqccxhcby	180	27	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	180	28	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	180	29	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	180	30	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	180	31	Λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	180	32	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	180	33	greater	great	JJR
work_b3ftiyv34jhylmblxzqccxhcby	180	34	compensation	compensation	NN
work_b3ftiyv34jhylmblxzqccxhcby	180	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	181	1	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	181	2	Λ	Λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	181	3	captures	capture	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	181	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	181	5	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	181	6	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	181	7	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	181	8	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	181	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	181	10	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	181	11	liquidity.14	liquidity.14	NNP
work_b3ftiyv34jhylmblxzqccxhcby	181	12	Liquidity	Liquidity	NNP
work_b3ftiyv34jhylmblxzqccxhcby	181	13	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	181	14	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	181	15	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	181	16	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	181	17	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	181	18	additional	additional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	181	19	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	181	20	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	181	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	181	22	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	181	23	through	through	IN
work_b3ftiyv34jhylmblxzqccxhcby	181	24	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	181	25	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	181	26	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	181	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	181	28	semi	semi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	181	29	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	181	30	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	181	31	effi-	effi-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	181	32	cient	cient	NN
work_b3ftiyv34jhylmblxzqccxhcby	181	33	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	181	34	E[v|p	E[v|p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	181	35	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	181	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	182	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	182	2	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	3	induces	induce	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	182	4	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	182	5	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	6	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	7	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	182	8	adds	add	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	182	9	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	182	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	182	11	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	12	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	182	14	implying	imply	VBG
work_b3ftiyv34jhylmblxzqccxhcby	182	15	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	182	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	182	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	182	18	reciprocal	reciprocal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	182	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	182	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	182	21	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	22	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	23	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	182	24	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	182	25	written	write	VBN
work_b3ftiyv34jhylmblxzqccxhcby	182	26	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	182	27	λ	λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	182	28	≡	≡	CD
work_b3ftiyv34jhylmblxzqccxhcby	182	29	∂p	∂p	:
work_b3ftiyv34jhylmblxzqccxhcby	182	30	∂u	∂u	.
work_b3ftiyv34jhylmblxzqccxhcby	182	31	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	182	32	Λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	33	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	182	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	182	35	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	182	36	−αE	−αE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	182	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	182	38	aτu	aτu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	182	39	τ	τ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	182	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	182	41	14When	14When	NNP
work_b3ftiyv34jhylmblxzqccxhcby	182	42	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	43	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	182	44	averse	averse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	182	45	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	182	46	accommodate	accommodate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	182	47	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	182	48	expectedly	expectedly	RB
work_b3ftiyv34jhylmblxzqccxhcby	182	49	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	182	50	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	51	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	182	52	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	53	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	182	54	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	182	55	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	182	56	former	former	JJ
work_b3ftiyv34jhylmblxzqccxhcby	182	57	require	require	JJ
work_b3ftiyv34jhylmblxzqccxhcby	182	58	compensation	compensation	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	59	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	182	60	risking	risk	VBG
work_b3ftiyv34jhylmblxzqccxhcby	182	61	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	182	62	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	182	63	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	64	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	65	ends	end	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	182	66	up	up	RP
work_b3ftiyv34jhylmblxzqccxhcby	182	67	being	be	VBG
work_b3ftiyv34jhylmblxzqccxhcby	182	68	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	182	69	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	182	70	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	182	71	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	182	72	expectation	expectation	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	73	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	182	74	conversely	conversely	RB
work_b3ftiyv34jhylmblxzqccxhcby	182	75	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	182	76	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	182	77	E[u|p	E[u|p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	182	78	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	182	79	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	182	80	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	182	81	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	182	82	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	182	83	insist	insist	VBP
work_b3ftiyv34jhylmblxzqccxhcby	182	84	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	182	85	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	182	86	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	87	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	182	88	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	182	89	lower	low	JJR
work_b3ftiyv34jhylmblxzqccxhcby	182	90	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	182	91	E[v|p]—to	E[v|p]—to	NNP
work_b3ftiyv34jhylmblxzqccxhcby	182	92	cover	cover	VB
work_b3ftiyv34jhylmblxzqccxhcby	182	93	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	182	94	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	182	95	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	182	96	v	v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	182	97	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	182	98	E[v|p	E[v|p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	182	99	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	182	100	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	182	101	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	183	1	Such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	183	2	compensation	compensation	NN
work_b3ftiyv34jhylmblxzqccxhcby	183	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	183	4	increasing	increase	VBG
work_b3ftiyv34jhylmblxzqccxhcby	183	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	183	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	183	7	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	183	8	faced	face	VBN
work_b3ftiyv34jhylmblxzqccxhcby	183	9	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	183	10	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	183	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	183	12	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	183	13	captured	capture	VBN
work_b3ftiyv34jhylmblxzqccxhcby	183	14	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	183	15	Λ	Λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	183	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	183	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	183	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	183	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	183	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	183	21	extent	extent	NN
work_b3ftiyv34jhylmblxzqccxhcby	183	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	183	23	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	183	24	anticipated	anticipate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	183	25	exposure	exposure	NN
work_b3ftiyv34jhylmblxzqccxhcby	183	26	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	183	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	183	28	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	183	29	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	183	30	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	183	31	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	183	32	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	183	33	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	183	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	183	35	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	183	36	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	183	37	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	183	38	E[u|p	E[u|p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	183	39	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	183	40	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	183	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	184	1	11	11	CD
work_b3ftiyv34jhylmblxzqccxhcby	184	2	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	184	3	τ	τ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	184	4	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	184	5	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	184	6	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	184	7	Var[v|p	Var[v|p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	184	8	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	184	9	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	184	10	τv	τv	NN
work_b3ftiyv34jhylmblxzqccxhcby	184	11	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	184	12	a2τu.15	a2τu.15	VB
work_b3ftiyv34jhylmblxzqccxhcby	184	13	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	184	14	remark	remark	VBP
work_b3ftiyv34jhylmblxzqccxhcby	184	15	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	184	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	184	17	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	184	18	else	else	RB
work_b3ftiyv34jhylmblxzqccxhcby	184	19	equal	equal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	184	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	184	21	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	184	22	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	184	23	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	184	24	setup	setup	NN
work_b3ftiyv34jhylmblxzqccxhcby	184	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	184	26	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	184	27	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	184	28	magnifies	magnify	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	184	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	184	30	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	184	31	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	184	32	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	184	33	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	184	34	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	184	35	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	184	36	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	184	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	185	1	III	III	NNP
work_b3ftiyv34jhylmblxzqccxhcby	185	2	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	185	3	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	185	4	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	185	5	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	185	6	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	185	7	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	185	8	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	185	9	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	185	10	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	185	11	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	185	12	Consider	consider	VB
work_b3ftiyv34jhylmblxzqccxhcby	185	13	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	185	14	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	185	15	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	185	16	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	185	17	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	185	18	extension	extension	NN
work_b3ftiyv34jhylmblxzqccxhcby	185	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	185	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	185	21	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	185	22	analyzed	analyze	VBN
work_b3ftiyv34jhylmblxzqccxhcby	185	23	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	185	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	185	25	previous	previous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	185	26	section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	185	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	186	1	At	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	186	2	date	date	NN
work_b3ftiyv34jhylmblxzqccxhcby	186	3	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	186	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	186	5	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	186	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	186	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	186	8	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	186	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	186	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	186	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	186	12	continuum	continuum	NN
work_b3ftiyv34jhylmblxzqccxhcby	186	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	186	14	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	186	15	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	186	16	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	186	17	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	186	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	186	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	186	20	interval	interval	NN
work_b3ftiyv34jhylmblxzqccxhcby	186	21	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	186	22	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	186	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	186	24	1	1	LS
work_b3ftiyv34jhylmblxzqccxhcby	186	25	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	186	26	enters	enter	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	186	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	186	28	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	186	29	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	186	30	loads	load	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	186	31	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	186	32	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	186	33	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	186	34	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	186	35	risky	risky	JJ
work_b3ftiyv34jhylmblxzqccxhcby	186	36	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	186	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	186	38	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	186	39	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	186	40	unwinds	unwind	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	186	41	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	186	42	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	186	43	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	186	44	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	186	45	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	186	46	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	186	47	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	186	48	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	186	49	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	186	50	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	186	51	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	186	52	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	187	1	Investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	2	i	i	PRP
work_b3ftiyv34jhylmblxzqccxhcby	187	3	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	187	4	CARA	CARA	NNP
work_b3ftiyv34jhylmblxzqccxhcby	187	5	preferences	preference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	187	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	187	7	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	187	8	denote	denote	VBP
work_b3ftiyv34jhylmblxzqccxhcby	187	9	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	187	10	γ	γ	IN
work_b3ftiyv34jhylmblxzqccxhcby	187	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	187	12	coefficient	coefficient	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	13	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	187	14	common	common	JJ
work_b3ftiyv34jhylmblxzqccxhcby	187	15	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	16	tolerance	tolerance	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	187	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	187	19	maximizes	maximize	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	187	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	187	21	expected	expected	JJ
work_b3ftiyv34jhylmblxzqccxhcby	187	22	utility	utility	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	187	24	her	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	187	25	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	187	26	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	187	27	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	28	profit	profit	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	29	πin	πin	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	30	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	187	31	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	187	32	pn+1	pn+1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	187	33	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	187	34	pn)xin	pn)xin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	187	35	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	187	36	n	n	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	37	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	187	38	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	187	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	187	40	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	187	41	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	187	42	p0	p0	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	43	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	187	44	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	187	45	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	187	46	p3	p3	NNP
work_b3ftiyv34jhylmblxzqccxhcby	187	47	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	187	48	v.	v.	CC
work_b3ftiyv34jhylmblxzqccxhcby	187	49	16	16	CD
work_b3ftiyv34jhylmblxzqccxhcby	187	50	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	187	51	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	187	52	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	187	53	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	54	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	187	55	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	187	56	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	187	57	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	187	58	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	187	59	justified	justify	VBN
work_b3ftiyv34jhylmblxzqccxhcby	187	60	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	187	61	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	187	62	grounds	ground	NNS
work_b3ftiyv34jhylmblxzqccxhcby	187	63	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	187	64	incentive	incentive	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	65	reasons	reason	NNS
work_b3ftiyv34jhylmblxzqccxhcby	187	66	related	relate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	187	67	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	187	68	performance	performance	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	69	evaluation	evaluation	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	70	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	187	71	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	187	72	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	187	73	difficulties	difficulty	NNS
work_b3ftiyv34jhylmblxzqccxhcby	187	74	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	187	75	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	187	76	financing	finance	VBG
work_b3ftiyv34jhylmblxzqccxhcby	187	77	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	187	78	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	187	79	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	80	investment	investment	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	81	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	187	82	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	187	83	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	187	84	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	85	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	187	86	imperfections	imperfection	NNS
work_b3ftiyv34jhylmblxzqccxhcby	187	87	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	187	88	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	187	89	Holmström	Holmström	NNP
work_b3ftiyv34jhylmblxzqccxhcby	187	90	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	187	91	Ricart	Ricart	NNP
work_b3ftiyv34jhylmblxzqccxhcby	187	92	i	i	PRP
work_b3ftiyv34jhylmblxzqccxhcby	187	93	Costa	Costa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	187	94	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	187	95	1986	1986	CD
work_b3ftiyv34jhylmblxzqccxhcby	187	96	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	187	97	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	187	98	Shleifer	Shleifer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	187	99	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	187	100	Vishny	Vishny	NNP
work_b3ftiyv34jhylmblxzqccxhcby	187	101	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	187	102	1990	1990	CD
work_b3ftiyv34jhylmblxzqccxhcby	187	103	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	187	104	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	187	105	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	188	1	An	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	188	2	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	188	3	i	i	PRP
work_b3ftiyv34jhylmblxzqccxhcby	188	4	who	who	WP
work_b3ftiyv34jhylmblxzqccxhcby	188	5	enters	enter	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	188	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	188	7	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	188	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	188	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	188	10	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	188	11	receives	receive	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	188	12	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	188	13	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	188	14	si	si	FW
work_b3ftiyv34jhylmblxzqccxhcby	188	15	=	=	NN
work_b3ftiyv34jhylmblxzqccxhcby	188	16	v+εi	v+εi	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	188	17	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	188	18	she	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	188	19	recalls	recall	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	188	20	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	188	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	188	22	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	188	23	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	188	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	188	25	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	188	26	εi	εi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	188	27	∼	∼	NNP
work_b3ftiyv34jhylmblxzqccxhcby	188	28	N(0,τ−1ε	N(0,τ−1ε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	188	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	188	30	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	188	31	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	188	32	v	v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	188	33	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	188	34	εi	εi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	188	35	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	188	36	independent	independent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	188	37	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	188	38	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	188	39	i.	i.	NN
work_b3ftiyv34jhylmblxzqccxhcby	189	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	189	2	assume	assume	VBP
work_b3ftiyv34jhylmblxzqccxhcby	189	3	further	further	RB
work_b3ftiyv34jhylmblxzqccxhcby	189	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	189	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	189	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	189	7	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	189	8	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	189	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	189	10	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	189	11	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	189	12	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	189	13	v+η	v+η	NNP
work_b3ftiyv34jhylmblxzqccxhcby	189	14	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	189	15	publicly	publicly	RB
work_b3ftiyv34jhylmblxzqccxhcby	189	16	disclosed	disclose	VBN
work_b3ftiyv34jhylmblxzqccxhcby	189	17	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	189	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	189	19	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	189	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	189	21	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	189	22	η	η	NNP
work_b3ftiyv34jhylmblxzqccxhcby	189	23	∼	∼	NNP
work_b3ftiyv34jhylmblxzqccxhcby	189	24	N(0,τ−1η	N(0,τ−1η	NNP
work_b3ftiyv34jhylmblxzqccxhcby	189	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	189	26	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	189	27	independent	independent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	189	28	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	189	29	both	both	CC
work_b3ftiyv34jhylmblxzqccxhcby	189	30	v	v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	189	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	189	32	εi	εi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	189	33	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	189	34	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	189	35	i.	i.	NN
work_b3ftiyv34jhylmblxzqccxhcby	190	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	190	2	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	190	3	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	190	4	introduces	introduce	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	190	5	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	190	6	additional	additional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	190	7	source	source	NN
work_b3ftiyv34jhylmblxzqccxhcby	190	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	190	9	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	190	10	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	190	11	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	190	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	190	13	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	190	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	190	15	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	190	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	190	17	besides	besides	IN
work_b3ftiyv34jhylmblxzqccxhcby	190	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	190	19	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	190	20	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	190	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	190	22	whose	whose	WP$
work_b3ftiyv34jhylmblxzqccxhcby	190	23	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	190	24	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	190	25	exogenous	exogenous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	190	26	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	190	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	190	28	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	190	29	process	process	NN
work_b3ftiyv34jhylmblxzqccxhcby	190	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	191	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	191	2	real	real	JJ
work_b3ftiyv34jhylmblxzqccxhcby	191	3	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	191	4	world	world	NN
work_b3ftiyv34jhylmblxzqccxhcby	191	5	counterpart	counterpart	NN
work_b3ftiyv34jhylmblxzqccxhcby	191	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	191	7	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	191	8	assumption	assumption	NN
work_b3ftiyv34jhylmblxzqccxhcby	191	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	191	10	any	any	DT
work_b3ftiyv34jhylmblxzqccxhcby	191	11	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	191	12	announcement	announcement	NN
work_b3ftiyv34jhylmblxzqccxhcby	191	13	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	191	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	191	15	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	191	16	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	191	17	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	191	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	191	19	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	191	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	191	21	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	191	22	earnings	earning	NNS
work_b3ftiyv34jhylmblxzqccxhcby	191	23	announcement	announcement	NN
work_b3ftiyv34jhylmblxzqccxhcby	191	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	191	25	analysts	analyst	NNS
work_b3ftiyv34jhylmblxzqccxhcby	191	26	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	191	27	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	191	28	forecast	forecast	NN
work_b3ftiyv34jhylmblxzqccxhcby	191	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	191	30	earnings	earning	NNS
work_b3ftiyv34jhylmblxzqccxhcby	191	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	191	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	192	1	Once	once	RB
work_b3ftiyv34jhylmblxzqccxhcby	192	2	again	again	RB
work_b3ftiyv34jhylmblxzqccxhcby	192	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	192	4	adopt	adopt	VBP
work_b3ftiyv34jhylmblxzqccxhcby	192	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	192	6	convention	convention	NN
work_b3ftiyv34jhylmblxzqccxhcby	192	7	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	192	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	192	9	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	192	10	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	192	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	192	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	192	13	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	192	14	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	192	15	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	192	16	∫	∫	:
work_b3ftiyv34jhylmblxzqccxhcby	192	17	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	192	18	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	192	19	si	si	NN
work_b3ftiyv34jhylmblxzqccxhcby	192	20	di	di	FW
work_b3ftiyv34jhylmblxzqccxhcby	192	21	equals	equal	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	192	22	v	v	LS
work_b3ftiyv34jhylmblxzqccxhcby	192	23	almost	almost	RB
work_b3ftiyv34jhylmblxzqccxhcby	192	24	surely	surely	RB
work_b3ftiyv34jhylmblxzqccxhcby	192	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	192	26	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	192	27	errors	error	NNS
work_b3ftiyv34jhylmblxzqccxhcby	192	28	cancel	cancel	VBP
work_b3ftiyv34jhylmblxzqccxhcby	192	29	out	out	RP
work_b3ftiyv34jhylmblxzqccxhcby	192	30	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	192	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	192	32	aggregate	aggregate	NN
work_b3ftiyv34jhylmblxzqccxhcby	192	33	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	192	34	∫	∫	NFP
work_b3ftiyv34jhylmblxzqccxhcby	192	35	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	192	36	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	192	37	εi	εi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	192	38	di	di	FW
work_b3ftiyv34jhylmblxzqccxhcby	192	39	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	192	40	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	192	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	193	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	193	2	restrict	restrict	VBP
work_b3ftiyv34jhylmblxzqccxhcby	193	3	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	193	4	attention	attention	NN
work_b3ftiyv34jhylmblxzqccxhcby	193	5	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	193	6	equilibria	equilibria	NNP
work_b3ftiyv34jhylmblxzqccxhcby	193	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	193	8	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	193	9	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	193	10	functions	function	NNS
work_b3ftiyv34jhylmblxzqccxhcby	193	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	194	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	194	2	denote	denote	VBP
work_b3ftiyv34jhylmblxzqccxhcby	194	3	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	194	4	X1(si	X1(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	194	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	194	6	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	194	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	194	8	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	194	9	a1si	a1si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	194	10	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	194	11	ϕ1(p1	ϕ1(p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	194	12	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	194	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	194	14	X2(si	X2(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	194	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	194	16	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	194	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	194	18	p1,p2	p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	194	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	194	20	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	194	21	a2si	a2si	NN
work_b3ftiyv34jhylmblxzqccxhcby	194	22	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	194	23	bsP	bsp	NN
work_b3ftiyv34jhylmblxzqccxhcby	194	24	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	194	25	ϕ2(p1,p2	ϕ2(p1,p2	.
work_b3ftiyv34jhylmblxzqccxhcby	194	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	194	27	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	194	28	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	194	29	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	194	30	desired	desire	VBN
work_b3ftiyv34jhylmblxzqccxhcby	194	31	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	194	32	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	194	33	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	194	34	risky	risky	JJ
work_b3ftiyv34jhylmblxzqccxhcby	194	35	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	194	36	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	194	37	each	each	DT
work_b3ftiyv34jhylmblxzqccxhcby	194	38	realization	realization	NN
work_b3ftiyv34jhylmblxzqccxhcby	194	39	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	194	40	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	194	41	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	194	42	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	194	43	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	194	44	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	194	45	respec-	respec-	NN
work_b3ftiyv34jhylmblxzqccxhcby	194	46	tively	tively	RB
work_b3ftiyv34jhylmblxzqccxhcby	194	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	194	48	dates	date	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	194	49	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	194	50	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	194	51	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	194	52	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	195	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	195	2	constants	constant	NNS
work_b3ftiyv34jhylmblxzqccxhcby	195	3	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	195	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	195	5	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	195	6	denote	denote	NN
work_b3ftiyv34jhylmblxzqccxhcby	195	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	195	8	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	195	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	195	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	195	11	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	195	12	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	195	13	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	195	14	gives	give	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	195	15	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	195	16	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	195	17	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	195	18	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	195	19	date	date	NN
work_b3ftiyv34jhylmblxzqccxhcby	195	20	n	n	CD
work_b3ftiyv34jhylmblxzqccxhcby	195	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	195	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	195	23	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	195	24	she	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	195	25	gives	give	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	195	26	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	195	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	195	28	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	195	29	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	195	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	196	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	196	2	function	function	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	3	ϕn	ϕn	VBP
work_b3ftiyv34jhylmblxzqccxhcby	196	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	196	5	·	·	NFP
work_b3ftiyv34jhylmblxzqccxhcby	196	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	196	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	196	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	196	9	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	196	10	function	function	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	196	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	196	13	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	14	prices.17	prices.17	NNP
work_b3ftiyv34jhylmblxzqccxhcby	196	15	15The	15the	CD
work_b3ftiyv34jhylmblxzqccxhcby	196	16	adverse	adverse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	196	17	selection	selection	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	18	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	19	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	196	20	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	196	21	consequence	consequence	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	196	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	196	24	signal	signal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	196	25	extraction	extraction	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	26	problem	problem	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	27	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	196	28	dealers	dealer	NNS
work_b3ftiyv34jhylmblxzqccxhcby	196	29	face	face	VBP
work_b3ftiyv34jhylmblxzqccxhcby	196	30	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	196	31	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	196	32	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	33	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	196	34	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	196	35	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	196	36	>	>	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	37	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	196	38	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	196	39	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	196	40	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	196	41	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	196	42	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	196	43	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	196	44	good	good	JJ
work_b3ftiyv34jhylmblxzqccxhcby	196	45	news	news	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	46	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	196	47	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	196	48	buy	buy	VBP
work_b3ftiyv34jhylmblxzqccxhcby	196	49	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	196	50	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	51	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	196	52	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	196	53	E[v|p	E[v|p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	196	54	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	196	55	increases	increase	NNS
work_b3ftiyv34jhylmblxzqccxhcby	196	56	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	196	57	reflecting	reflect	VBG
work_b3ftiyv34jhylmblxzqccxhcby	196	58	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	196	59	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	196	60	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	197	1	However	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	197	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	197	3	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	197	4	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	197	5	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	197	6	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	197	7	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	197	8	distinguished	distinguish	VBN
work_b3ftiyv34jhylmblxzqccxhcby	197	9	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	197	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	197	11	buying	buying	NN
work_b3ftiyv34jhylmblxzqccxhcby	197	12	pressure	pressure	NN
work_b3ftiyv34jhylmblxzqccxhcby	197	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	197	14	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	197	15	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	197	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	197	17	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	197	18	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	197	19	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	197	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	197	21	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	197	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	197	23	increasing	increase	VBG
work_b3ftiyv34jhylmblxzqccxhcby	197	24	E[v|p	E[v|p	NNP
work_b3ftiyv34jhylmblxzqccxhcby	197	25	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	197	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	198	1	16As	16a	NNS
work_b3ftiyv34jhylmblxzqccxhcby	198	2	before	before	RB
work_b3ftiyv34jhylmblxzqccxhcby	198	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	198	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	198	5	assume	assume	VBP
work_b3ftiyv34jhylmblxzqccxhcby	198	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	198	7	w.l.o.g	w.l.o.g	UH
work_b3ftiyv34jhylmblxzqccxhcby	198	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	198	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	199	1	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	199	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	199	3	nonrandom	nonrandom	NNP
work_b3ftiyv34jhylmblxzqccxhcby	199	4	endowment	endowment	NNP
work_b3ftiyv34jhylmblxzqccxhcby	199	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	199	6	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	199	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	199	8	zero	zero	CD
work_b3ftiyv34jhylmblxzqccxhcby	199	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	200	1	17The	17the	CD
work_b3ftiyv34jhylmblxzqccxhcby	200	2	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	200	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	200	4	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	200	5	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	200	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	200	7	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	200	8	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	200	9	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	200	10	symmetric	symmetric	JJ
work_b3ftiyv34jhylmblxzqccxhcby	200	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	201	1	12	12	CD
work_b3ftiyv34jhylmblxzqccxhcby	201	2	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	201	3	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	201	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	201	5	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	201	6	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	201	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	201	8	assumed	assume	VBN
work_b3ftiyv34jhylmblxzqccxhcby	201	9	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	201	10	follow	follow	VB
work_b3ftiyv34jhylmblxzqccxhcby	201	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	201	12	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	201	13	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	201	14	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	201	15	autogressive	autogressive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	201	16	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	201	17	AR(1	ar(1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	201	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	201	19	process	process	NN
work_b3ftiyv34jhylmblxzqccxhcby	201	20	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	201	21	θ1	θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	201	22	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	201	23	u1	u1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	201	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	201	25	θ2	θ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	201	26	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	201	27	βθ1	βθ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	201	28	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	201	29	u2	u2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	201	30	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	201	31	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	201	32	5	5	LS
work_b3ftiyv34jhylmblxzqccxhcby	201	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	201	34	here	here	RB
work_b3ftiyv34jhylmblxzqccxhcby	201	35	β	β	XX
work_b3ftiyv34jhylmblxzqccxhcby	201	36	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	201	37	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	201	38	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	201	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	201	40	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	201	41	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	201	42	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	201	43	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	201	44	u1,u2	u1,u2	NN
work_b3ftiyv34jhylmblxzqccxhcby	201	45	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	201	46	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	201	47	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	201	48	independent	independent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	201	49	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	201	50	identically	identically	RB
work_b3ftiyv34jhylmblxzqccxhcby	201	51	distributed	distribute	VBN
work_b3ftiyv34jhylmblxzqccxhcby	201	52	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	201	53	i.i.d	i.i.d	NNP
work_b3ftiyv34jhylmblxzqccxhcby	201	54	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	201	55	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	202	1	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	202	2	process	process	NN
work_b3ftiyv34jhylmblxzqccxhcby	202	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	202	4	independent	independent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	202	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	202	6	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	202	7	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	202	8	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	202	9	variables	variable	NNS
work_b3ftiyv34jhylmblxzqccxhcby	202	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	202	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	202	12	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	202	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	202	14	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	202	15	un	un	NNP
work_b3ftiyv34jhylmblxzqccxhcby	202	16	∼	∼	NNP
work_b3ftiyv34jhylmblxzqccxhcby	202	17	N(0,τ−1u	N(0,τ−1u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	202	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	202	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	203	1	Other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	203	2	authors	author	NNS
work_b3ftiyv34jhylmblxzqccxhcby	203	3	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	203	4	adopted	adopt	VBN
work_b3ftiyv34jhylmblxzqccxhcby	203	5	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	203	6	assumption	assumption	NN
work_b3ftiyv34jhylmblxzqccxhcby	203	7	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	203	8	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	203	9	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	203	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	203	11	including	include	VBG
work_b3ftiyv34jhylmblxzqccxhcby	203	12	Singleton	Singleton	NNP
work_b3ftiyv34jhylmblxzqccxhcby	203	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	203	14	1987	1987	CD
work_b3ftiyv34jhylmblxzqccxhcby	203	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	203	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	203	17	Campbell	Campbell	NNP
work_b3ftiyv34jhylmblxzqccxhcby	203	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	203	19	Kyle	Kyle	NNP
work_b3ftiyv34jhylmblxzqccxhcby	203	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	203	21	1993	1993	CD
work_b3ftiyv34jhylmblxzqccxhcby	203	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	203	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	203	24	He	He	NNP
work_b3ftiyv34jhylmblxzqccxhcby	203	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	203	26	Wang	Wang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	203	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	203	28	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	203	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	203	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	203	31	Biais	Biais	NNP
work_b3ftiyv34jhylmblxzqccxhcby	203	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	203	33	Bossaerts	Bossaerts	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	203	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	203	35	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	203	36	Spatt	Spatt	NNP
work_b3ftiyv34jhylmblxzqccxhcby	203	37	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	203	38	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	203	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	203	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	203	41	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	203	42	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	203	43	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	203	44	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	203	45	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	203	46	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	203	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	203	48	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	204	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	204	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	204	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	204	4	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	204	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	204	6	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	204	7	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	204	8	θ1,θ2	θ1,θ2	NN
work_b3ftiyv34jhylmblxzqccxhcby	204	9	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	204	10	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	204	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	204	12	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	204	13	walk	walk	NN
work_b3ftiyv34jhylmblxzqccxhcby	204	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	204	15	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	204	16	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	204	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	204	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	204	19	usual	usual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	204	20	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	204	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	204	22	independent	independent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	204	23	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	204	24	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	204	25	increments	increment	NNS
work_b3ftiyv34jhylmblxzqccxhcby	204	26	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	204	27	u2	u2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	204	28	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	204	29	θ2	θ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	204	30	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	204	31	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	204	32	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	204	33	independent	independent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	204	34	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	204	35	u1	u1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	204	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	204	37	Kyle	Kyle	NNP
work_b3ftiyv34jhylmblxzqccxhcby	204	38	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	204	39	1985	1985	CD
work_b3ftiyv34jhylmblxzqccxhcby	204	40	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	204	41	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	204	42	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	204	43	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	204	44	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	204	45	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	204	46	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	204	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	205	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	205	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	205	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	205	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	205	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	205	6	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	205	7	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	205	8	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	205	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	205	10	i.i.d	i.i.d	JJ
work_b3ftiyv34jhylmblxzqccxhcby	205	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	206	1	across	across	IN
work_b3ftiyv34jhylmblxzqccxhcby	206	2	periods	period	NNS
work_b3ftiyv34jhylmblxzqccxhcby	206	3	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	206	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	206	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	206	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	206	7	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	206	8	considered	consider	VBN
work_b3ftiyv34jhylmblxzqccxhcby	206	9	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	206	10	Allen	Allen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	206	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	206	12	Morris	Morris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	206	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	206	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	206	15	Shin	Shin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	206	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	206	17	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	206	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	206	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	207	1	Persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	207	2	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	207	3	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	207	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	207	5	taken	take	VBN
work_b3ftiyv34jhylmblxzqccxhcby	207	6	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	207	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	207	8	primitive	primitive	NN
work_b3ftiyv34jhylmblxzqccxhcby	207	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	207	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	207	11	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	207	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	207	13	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	207	14	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	207	15	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	207	16	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	207	17	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	207	18	shown	show	VBN
work_b3ftiyv34jhylmblxzqccxhcby	207	19	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	207	20	arise	arise	VB
work_b3ftiyv34jhylmblxzqccxhcby	207	21	endogenously	endogenously	RB
work_b3ftiyv34jhylmblxzqccxhcby	207	22	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	207	23	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	207	24	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	207	25	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	207	26	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	207	27	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	207	28	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	207	29	replaced	replace	VBN
work_b3ftiyv34jhylmblxzqccxhcby	207	30	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	207	31	rational	rational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	207	32	hedgers	hedger	NNS
work_b3ftiyv34jhylmblxzqccxhcby	207	33	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	207	34	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	207	35	investment	investment	NN
work_b3ftiyv34jhylmblxzqccxhcby	207	36	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	207	37	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	207	38	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	207	39	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	207	40	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	207	41	Vives	Vives	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	207	42	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	207	43	2014)).18	2014)).18	CD
work_b3ftiyv34jhylmblxzqccxhcby	207	44	Persistence	Persistence	NNP
work_b3ftiyv34jhylmblxzqccxhcby	207	45	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	207	46	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	207	47	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	207	48	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	207	49	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	207	50	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	207	51	several	several	JJ
work_b3ftiyv34jhylmblxzqccxhcby	207	52	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	207	53	interpretations	interpretation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	207	54	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	207	55	depend-	depend-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	207	56	ing	ing	NNP
work_b3ftiyv34jhylmblxzqccxhcby	207	57	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	207	58	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	207	59	frequency	frequency	NN
work_b3ftiyv34jhylmblxzqccxhcby	207	60	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	207	61	observations	observation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	207	62	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	208	1	At	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	208	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	208	3	daily	daily	JJ
work_b3ftiyv34jhylmblxzqccxhcby	208	4	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	208	5	intra	intra	JJ
work_b3ftiyv34jhylmblxzqccxhcby	208	6	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	208	7	daily	daily	JJ
work_b3ftiyv34jhylmblxzqccxhcby	208	8	frequency	frequency	NN
work_b3ftiyv34jhylmblxzqccxhcby	208	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	208	10	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	208	11	assume	assume	VB
work_b3ftiyv34jhylmblxzqccxhcby	208	12	persis-	persis-	IN
work_b3ftiyv34jhylmblxzqccxhcby	208	13	tence	tence	NN
work_b3ftiyv34jhylmblxzqccxhcby	208	14	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	208	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	208	16	simple	simple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	208	17	way	way	NN
work_b3ftiyv34jhylmblxzqccxhcby	208	18	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	208	19	capture	capture	VB
work_b3ftiyv34jhylmblxzqccxhcby	208	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	208	21	need	need	NN
work_b3ftiyv34jhylmblxzqccxhcby	208	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	208	23	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	208	24	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	208	25	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	208	26	break	break	VB
work_b3ftiyv34jhylmblxzqccxhcby	208	27	down	down	RP
work_b3ftiyv34jhylmblxzqccxhcby	208	28	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	208	29	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	208	30	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	208	31	into	into	IN
work_b3ftiyv34jhylmblxzqccxhcby	208	32	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	208	33	series	series	NN
work_b3ftiyv34jhylmblxzqccxhcby	208	34	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	208	35	smaller	small	JJR
work_b3ftiyv34jhylmblxzqccxhcby	208	36	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	208	37	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	208	38	thereby	thereby	RB
work_b3ftiyv34jhylmblxzqccxhcby	208	39	minimize	minimize	VB
work_b3ftiyv34jhylmblxzqccxhcby	208	40	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	208	41	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	208	42	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	208	43	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	208	44	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	208	45	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	208	46	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	208	47	assumption	assumption	NN
work_b3ftiyv34jhylmblxzqccxhcby	208	48	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	208	49	consistent	consistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	208	50	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	208	51	several	several	JJ
work_b3ftiyv34jhylmblxzqccxhcby	208	52	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	208	53	findings	finding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	208	54	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	208	55	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	208	56	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	208	57	Griffin	Griffin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	208	58	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	208	59	Harris	Harris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	208	60	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	208	61	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	208	62	Topaloglu	Topaloglu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	208	63	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	208	64	2003	2003	CD
work_b3ftiyv34jhylmblxzqccxhcby	208	65	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	208	66	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	208	67	Chordia	Chordia	NNP
work_b3ftiyv34jhylmblxzqccxhcby	208	68	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	208	69	Subrahmanyam	Subrahmanyam	NNP
work_b3ftiyv34jhylmblxzqccxhcby	208	70	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	208	71	2004	2004	CD
work_b3ftiyv34jhylmblxzqccxhcby	208	72	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	208	73	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	208	74	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	209	1	At	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	209	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	209	3	lower	low	JJR
work_b3ftiyv34jhylmblxzqccxhcby	209	4	frequency	frequency	NN
work_b3ftiyv34jhylmblxzqccxhcby	209	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	209	6	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	209	7	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	209	8	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	209	9	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	209	10	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	209	11	seen	see	VBN
work_b3ftiyv34jhylmblxzqccxhcby	209	12	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	209	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	209	14	reduced	reduce	VBN
work_b3ftiyv34jhylmblxzqccxhcby	209	15	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	209	16	form	form	NN
work_b3ftiyv34jhylmblxzqccxhcby	209	17	assumption	assumption	NN
work_b3ftiyv34jhylmblxzqccxhcby	209	18	capturing	capture	VBG
work_b3ftiyv34jhylmblxzqccxhcby	209	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	209	20	performance	performance	NN
work_b3ftiyv34jhylmblxzqccxhcby	209	21	–	–	:
work_b3ftiyv34jhylmblxzqccxhcby	209	22	flow	flow	NN
work_b3ftiyv34jhylmblxzqccxhcby	209	23	relationship	relationship	NN
work_b3ftiyv34jhylmblxzqccxhcby	209	24	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	209	25	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	209	26	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	209	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	209	28	holdings	holding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	209	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	209	30	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	209	31	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	209	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	210	1	Coval	Coval	NNP
work_b3ftiyv34jhylmblxzqccxhcby	210	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	210	3	Stafford	Stafford	NNP
work_b3ftiyv34jhylmblxzqccxhcby	210	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	210	5	2007	2007	CD
work_b3ftiyv34jhylmblxzqccxhcby	210	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	210	7	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	210	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	210	9	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	210	10	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	210	11	faced	face	VBN
work_b3ftiyv34jhylmblxzqccxhcby	210	12	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	210	13	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	210	14	redemption	redemption	NN
work_b3ftiyv34jhylmblxzqccxhcby	210	15	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	210	16	engage	engage	VBP
work_b3ftiyv34jhylmblxzqccxhcby	210	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	210	18	fire	fire	NN
work_b3ftiyv34jhylmblxzqccxhcby	210	19	sales	sale	NNS
work_b3ftiyv34jhylmblxzqccxhcby	210	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	210	21	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	210	22	.	.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	210	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	210	24	purchases	purchase	NNS
work_b3ftiyv34jhylmblxzqccxhcby	210	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	210	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	210	27	creating	create	VBG
work_b3ftiyv34jhylmblxzqccxhcby	210	28	18More	18more	CD
work_b3ftiyv34jhylmblxzqccxhcby	210	29	specifically	specifically	RB
work_b3ftiyv34jhylmblxzqccxhcby	210	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	210	31	suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	210	32	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	210	33	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	210	34	replace	replace	VBP
work_b3ftiyv34jhylmblxzqccxhcby	210	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	210	36	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	210	37	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	210	38	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	210	39	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	210	40	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	210	41	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	210	42	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	210	43	set	set	NN
work_b3ftiyv34jhylmblxzqccxhcby	210	44	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	210	45	hedgers	hedger	NNS
work_b3ftiyv34jhylmblxzqccxhcby	210	46	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	210	47	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	210	48	interval	interval	NN
work_b3ftiyv34jhylmblxzqccxhcby	210	49	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	210	50	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	210	51	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	210	52	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	210	53	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	210	54	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	210	55	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	210	56	each	each	DT
work_b3ftiyv34jhylmblxzqccxhcby	210	57	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	210	58	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	210	59	hedgers	hedger	NNS
work_b3ftiyv34jhylmblxzqccxhcby	210	60	receives	receive	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	210	61	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	210	62	idiosyncratic	idiosyncratic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	210	63	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	210	64	normally	normally	RB
work_b3ftiyv34jhylmblxzqccxhcby	210	65	distributed	distribute	VBN
work_b3ftiyv34jhylmblxzqccxhcby	210	66	endowment	endowment	NN
work_b3ftiyv34jhylmblxzqccxhcby	210	67	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	210	68	θi1	θi1	NN
work_b3ftiyv34jhylmblxzqccxhcby	210	69	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	210	70	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	210	71	independent	independent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	210	72	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	210	73	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	210	74	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	210	75	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	210	76	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	210	77	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	210	78	variables	variable	NNS
work_b3ftiyv34jhylmblxzqccxhcby	210	79	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	211	1	All	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	211	2	hedgers	hedger	NNS
work_b3ftiyv34jhylmblxzqccxhcby	211	3	take	take	VBP
work_b3ftiyv34jhylmblxzqccxhcby	211	4	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	211	5	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	211	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	211	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	211	8	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	211	9	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	211	10	date	date	NN
work_b3ftiyv34jhylmblxzqccxhcby	211	11	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	211	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	212	1	However	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	212	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	212	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	212	4	fraction	fraction	NN
work_b3ftiyv34jhylmblxzqccxhcby	212	5	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	212	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	212	7	them	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	212	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	212	9	denoted	denote	VBN
work_b3ftiyv34jhylmblxzqccxhcby	212	10	HL	HL	NNP
work_b3ftiyv34jhylmblxzqccxhcby	212	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	212	12	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	212	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	212	14	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	212	15	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	212	16	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	212	17	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	212	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	212	19	hold	hold	VB
work_b3ftiyv34jhylmblxzqccxhcby	212	20	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	212	21	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	212	22	until	until	IN
work_b3ftiyv34jhylmblxzqccxhcby	212	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	212	24	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	212	25	date	date	NN
work_b3ftiyv34jhylmblxzqccxhcby	212	26	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	212	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	212	28	complementary	complementary	JJ
work_b3ftiyv34jhylmblxzqccxhcby	212	29	fraction	fraction	NN
work_b3ftiyv34jhylmblxzqccxhcby	212	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	212	31	denoted	denote	VBN
work_b3ftiyv34jhylmblxzqccxhcby	212	32	HS	HS	NNP
work_b3ftiyv34jhylmblxzqccxhcby	212	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	212	34	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	212	35	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	212	36	short-	short-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	212	37	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	212	38	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	212	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	212	40	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	212	41	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	212	42	hedgers	hedger	NNS
work_b3ftiyv34jhylmblxzqccxhcby	212	43	liquidate	liquidate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	212	44	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	212	45	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	212	46	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	212	47	date	date	NN
work_b3ftiyv34jhylmblxzqccxhcby	212	48	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	212	49	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	213	1	Under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	213	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	213	3	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	213	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	213	5	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	213	6	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	213	7	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	213	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	213	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	213	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	213	11	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	213	12	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	213	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	213	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	213	15	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	213	16	coefficient	coefficient	NN
work_b3ftiyv34jhylmblxzqccxhcby	213	17	corresponds	correspond	NNS
work_b3ftiyv34jhylmblxzqccxhcby	213	18	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	213	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	213	20	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	213	21	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	213	22	weighted	weighted	JJ
work_b3ftiyv34jhylmblxzqccxhcby	213	23	relative	relative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	213	24	responsiveness	responsiveness	RB
work_b3ftiyv34jhylmblxzqccxhcby	213	25	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	213	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	213	27	endowment	endowment	NN
work_b3ftiyv34jhylmblxzqccxhcby	213	28	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	213	29	displayed	display	VBN
work_b3ftiyv34jhylmblxzqccxhcby	213	30	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	213	31	HL	HL	NNP
work_b3ftiyv34jhylmblxzqccxhcby	213	32	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	213	33	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	213	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	213	35	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	213	36	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	213	37	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	213	38	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	213	39	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	213	40	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	213	41	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	213	42	both	both	CC
work_b3ftiyv34jhylmblxzqccxhcby	213	43	HL	HL	NNP
work_b3ftiyv34jhylmblxzqccxhcby	213	44	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	213	45	HS	HS	NNP
work_b3ftiyv34jhylmblxzqccxhcby	213	46	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	213	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	214	1	Since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	214	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	214	3	responsiveness	responsiveness	NN
work_b3ftiyv34jhylmblxzqccxhcby	214	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	214	5	hedgers	hedger	NNS
work_b3ftiyv34jhylmblxzqccxhcby	214	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	214	7	endogenous	endogenous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	214	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	214	9	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	214	10	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	214	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	214	12	asymmetric	asymmetric	JJ
work_b3ftiyv34jhylmblxzqccxhcby	214	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	214	14	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	214	15	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	214	16	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	214	17	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	214	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	214	19	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	214	20	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	214	21	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	214	22	participation	participation	NN
work_b3ftiyv34jhylmblxzqccxhcby	214	23	externality	externality	NN
work_b3ftiyv34jhylmblxzqccxhcby	214	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	214	25	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	214	26	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	214	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	214	28	one	one	NN
work_b3ftiyv34jhylmblxzqccxhcby	214	29	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	214	30	Admati	Admati	NNP
work_b3ftiyv34jhylmblxzqccxhcby	214	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	214	32	Pfleiderer	Pfleiderer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	214	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	214	34	1988	1988	CD
work_b3ftiyv34jhylmblxzqccxhcby	214	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	214	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	214	37	Pagano	Pagano	NNP
work_b3ftiyv34jhylmblxzqccxhcby	214	38	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	214	39	1989	1989	CD
work_b3ftiyv34jhylmblxzqccxhcby	214	40	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	214	41	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	214	42	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	214	43	Dow	Dow	NNP
work_b3ftiyv34jhylmblxzqccxhcby	214	44	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	214	45	2005	2005	CD
work_b3ftiyv34jhylmblxzqccxhcby	214	46	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	214	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	214	48	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	214	49	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	215	1	Namely	namely	RB
work_b3ftiyv34jhylmblxzqccxhcby	215	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	215	3	hedgers	hedger	NNS
work_b3ftiyv34jhylmblxzqccxhcby	215	4	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	215	5	decisions	decision	NNS
work_b3ftiyv34jhylmblxzqccxhcby	215	6	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	215	7	trade	trade	VB
work_b3ftiyv34jhylmblxzqccxhcby	215	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	215	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	215	10	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	215	11	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	215	12	depend	depend	VB
work_b3ftiyv34jhylmblxzqccxhcby	215	13	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	215	14	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	215	15	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	215	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	215	17	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	215	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	215	19	turn	turn	NN
work_b3ftiyv34jhylmblxzqccxhcby	215	20	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	215	21	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	215	22	hedgers	hedger	NNS
work_b3ftiyv34jhylmblxzqccxhcby	215	23	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	215	24	decisions	decision	NNS
work_b3ftiyv34jhylmblxzqccxhcby	215	25	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	215	26	trade	trade	VB
work_b3ftiyv34jhylmblxzqccxhcby	215	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	216	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	216	2	new	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	216	3	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	216	4	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	216	5	generate	generate	VB
work_b3ftiyv34jhylmblxzqccxhcby	216	6	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	216	7	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	216	8	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	216	9	levels	level	NNS
work_b3ftiyv34jhylmblxzqccxhcby	216	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	216	11	hedging	hedging	NN
work_b3ftiyv34jhylmblxzqccxhcby	216	12	activity	activity	NN
work_b3ftiyv34jhylmblxzqccxhcby	216	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	217	1	13	13	CD
work_b3ftiyv34jhylmblxzqccxhcby	217	2	contemporaneous	contemporaneous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	217	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	217	4	uninformed	uninformed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	217	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	217	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	217	7	temporary	temporary	JJ
work_b3ftiyv34jhylmblxzqccxhcby	217	8	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	217	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	217	10	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	217	11	.	.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	217	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	217	13	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	217	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	217	15	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	217	16	pressure.19	pressure.19	NNP
work_b3ftiyv34jhylmblxzqccxhcby	217	17	Coupling	couple	VBG
work_b3ftiyv34jhylmblxzqccxhcby	217	18	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	217	19	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	217	20	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	217	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	217	22	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	217	23	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	217	24	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	217	25	flows	flow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	217	26	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	217	27	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	217	28	out	out	IN
work_b3ftiyv34jhylmblxzqccxhcby	217	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	217	30	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	217	31	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	217	32	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	217	33	strongly	strongly	RB
work_b3ftiyv34jhylmblxzqccxhcby	217	34	related	related	JJ
work_b3ftiyv34jhylmblxzqccxhcby	217	35	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	217	36	past	past	JJ
work_b3ftiyv34jhylmblxzqccxhcby	217	37	performance	performance	NN
work_b3ftiyv34jhylmblxzqccxhcby	217	38	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	217	39	Chevalier	Chevalier	NNP
work_b3ftiyv34jhylmblxzqccxhcby	217	40	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	217	41	Ellison	Ellison	NNP
work_b3ftiyv34jhylmblxzqccxhcby	217	42	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	217	43	1997	1997	CD
work_b3ftiyv34jhylmblxzqccxhcby	217	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	217	45	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	217	46	Sirri	Sirri	NNP
work_b3ftiyv34jhylmblxzqccxhcby	217	47	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	217	48	Tufano	Tufano	NNP
work_b3ftiyv34jhylmblxzqccxhcby	217	49	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	217	50	1998	1998	CD
work_b3ftiyv34jhylmblxzqccxhcby	217	51	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	217	52	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	217	53	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	217	54	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	217	55	shocks	shock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	217	56	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	217	57	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	217	58	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	217	59	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	217	60	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	217	61	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	217	62	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	217	63	affect	affect	VB
work_b3ftiyv34jhylmblxzqccxhcby	217	64	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	217	65	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	217	66	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	217	67	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	217	68	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	217	69	thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	217	70	have	have	VB
work_b3ftiyv34jhylmblxzqccxhcby	217	71	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	217	72	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	217	73	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	217	74	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	217	75	.	.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	217	76	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	217	77	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	217	78	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	217	79	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	217	80	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	217	81	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	217	82	performance	performance	NN
work_b3ftiyv34jhylmblxzqccxhcby	217	83	through	through	IN
work_b3ftiyv34jhylmblxzqccxhcby	217	84	feeding	feed	VBG
work_b3ftiyv34jhylmblxzqccxhcby	217	85	back	back	RB
work_b3ftiyv34jhylmblxzqccxhcby	217	86	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	217	87	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	217	88	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	217	89	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	217	90	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	217	91	outflows	outflow	NNS
work_b3ftiyv34jhylmblxzqccxhcby	217	92	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	217	93	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	217	94	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	217	95	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	217	96	inflows	inflow	NNS
work_b3ftiyv34jhylmblxzqccxhcby	217	97	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	217	98	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	218	1	Empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	218	2	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	218	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	218	4	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	218	5	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	218	6	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	218	7	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	218	8	been	be	VBN
work_b3ftiyv34jhylmblxzqccxhcby	218	9	obtained	obtain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	218	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	218	11	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	218	12	ways.20	ways.20	NNP
work_b3ftiyv34jhylmblxzqccxhcby	218	13	Campbell	Campbell	NNP
work_b3ftiyv34jhylmblxzqccxhcby	218	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	218	15	Kyle	Kyle	NNP
work_b3ftiyv34jhylmblxzqccxhcby	218	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	218	17	1993	1993	CD
work_b3ftiyv34jhylmblxzqccxhcby	218	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	218	19	disentangle	disentangle	VB
work_b3ftiyv34jhylmblxzqccxhcby	218	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	218	21	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	218	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	218	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	218	24	noise	noise	NN
work_b3ftiyv34jhylmblxzqccxhcby	218	25	process	process	NN
work_b3ftiyv34jhylmblxzqccxhcby	218	26	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	218	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	218	28	prop-	prop-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	218	29	erties	ertie	NNS
work_b3ftiyv34jhylmblxzqccxhcby	218	30	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	218	31	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	218	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	219	1	These	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	219	2	authors	author	NNS
work_b3ftiyv34jhylmblxzqccxhcby	219	3	examine	examine	VBP
work_b3ftiyv34jhylmblxzqccxhcby	219	4	annual	annual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	219	5	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	219	6	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	219	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	219	8	index	index	NN
work_b3ftiyv34jhylmblxzqccxhcby	219	9	data	datum	NNS
work_b3ftiyv34jhylmblxzqccxhcby	219	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	219	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	219	12	United	United	NNP
work_b3ftiyv34jhylmblxzqccxhcby	219	13	States	States	NNP
work_b3ftiyv34jhylmblxzqccxhcby	219	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	219	15	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	219	16	attempt	attempt	VB
work_b3ftiyv34jhylmblxzqccxhcby	219	17	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	219	18	fit	fit	VB
work_b3ftiyv34jhylmblxzqccxhcby	219	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	219	20	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	219	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	219	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	219	23	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	219	24	series	series	NN
work_b3ftiyv34jhylmblxzqccxhcby	219	25	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	219	26	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	219	27	mod-	mod-	NN
work_b3ftiyv34jhylmblxzqccxhcby	219	28	els	els	IN
work_b3ftiyv34jhylmblxzqccxhcby	219	29	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	219	30	feature	feature	NN
work_b3ftiyv34jhylmblxzqccxhcby	219	31	noise	noise	NN
work_b3ftiyv34jhylmblxzqccxhcby	219	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	220	1	They	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	220	2	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	220	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	220	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	220	5	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	220	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	220	7	yearly	yearly	JJ
work_b3ftiyv34jhylmblxzqccxhcby	220	8	level	level	NN
work_b3ftiyv34jhylmblxzqccxhcby	220	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	220	10	noise	noise	NN
work_b3ftiyv34jhylmblxzqccxhcby	220	11	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	220	12	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	220	13	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	220	14	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	220	15	highly	highly	RB
work_b3ftiyv34jhylmblxzqccxhcby	220	16	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	220	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	220	18	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	220	19	95	95	CD
work_b3ftiyv34jhylmblxzqccxhcby	220	20	%	%	NN
work_b3ftiyv34jhylmblxzqccxhcby	220	21	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	220	22	97	97	CD
work_b3ftiyv34jhylmblxzqccxhcby	220	23	%	%	NN
work_b3ftiyv34jhylmblxzqccxhcby	220	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	220	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	220	26	noise	noise	NN
work_b3ftiyv34jhylmblxzqccxhcby	220	27	remains	remain	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	220	28	after	after	IN
work_b3ftiyv34jhylmblxzqccxhcby	220	29	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	220	30	year	year	NN
work_b3ftiyv34jhylmblxzqccxhcby	220	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	220	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	221	1	An	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	221	2	alternative	alternative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	221	3	strategy	strategy	NN
work_b3ftiyv34jhylmblxzqccxhcby	221	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	221	5	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	221	6	look	look	VB
work_b3ftiyv34jhylmblxzqccxhcby	221	7	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	221	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	221	9	13F	13f	CD
work_b3ftiyv34jhylmblxzqccxhcby	221	10	filings	filing	NNS
work_b3ftiyv34jhylmblxzqccxhcby	221	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	221	12	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	221	13	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	221	14	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	221	15	face	face	VBP
work_b3ftiyv34jhylmblxzqccxhcby	221	16	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	221	17	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	221	18	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	221	19	net	net	JJ
work_b3ftiyv34jhylmblxzqccxhcby	221	20	inflows	inflow	NNS
work_b3ftiyv34jhylmblxzqccxhcby	221	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	221	22	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	221	23	thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	221	24	led	lead	VBN
work_b3ftiyv34jhylmblxzqccxhcby	221	25	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	221	26	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	221	27	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	221	28	non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	221	29	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	221	30	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	221	31	purposes	purpose	NNS
work_b3ftiyv34jhylmblxzqccxhcby	221	32	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	221	33	Coval	Coval	NNP
work_b3ftiyv34jhylmblxzqccxhcby	221	34	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	221	35	Stafford	Stafford	NNP
work_b3ftiyv34jhylmblxzqccxhcby	221	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	221	37	2007	2007	CD
work_b3ftiyv34jhylmblxzqccxhcby	221	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	221	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	221	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	222	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	222	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	222	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	222	4	approach	approach	NN
work_b3ftiyv34jhylmblxzqccxhcby	222	5	taken	take	VBN
work_b3ftiyv34jhylmblxzqccxhcby	222	6	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	222	7	Lou	Lou	NNP
work_b3ftiyv34jhylmblxzqccxhcby	222	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	222	9	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	222	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	222	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	222	12	who	who	WP
work_b3ftiyv34jhylmblxzqccxhcby	222	13	finds	find	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	222	14	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	222	15	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	222	16	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	222	17	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	222	18	shareholdings	shareholding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	222	19	display	display	VBP
work_b3ftiyv34jhylmblxzqccxhcby	222	20	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	222	21	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	222	22	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	222	23	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	222	24	quarterly	quarterly	JJ
work_b3ftiyv34jhylmblxzqccxhcby	222	25	frequency	frequency	NN
work_b3ftiyv34jhylmblxzqccxhcby	222	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	223	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	223	2	denote	denote	VBP
work_b3ftiyv34jhylmblxzqccxhcby	223	3	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	223	4	Ei1[Y	Ei1[Y	NNP
work_b3ftiyv34jhylmblxzqccxhcby	223	5	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	223	6	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	223	7	E[Y	e[y	CD
work_b3ftiyv34jhylmblxzqccxhcby	223	8	|si	|si	CD
work_b3ftiyv34jhylmblxzqccxhcby	223	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	223	10	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	223	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	223	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	223	13	Vari1[Y	vari1[y	NN
work_b3ftiyv34jhylmblxzqccxhcby	223	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	223	15	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	223	16	Var[Y	Var[Y	NNP
work_b3ftiyv34jhylmblxzqccxhcby	223	17	|si	|si	CD
work_b3ftiyv34jhylmblxzqccxhcby	223	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	223	19	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	223	20	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	223	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	223	22	expectation	expectation	NN
work_b3ftiyv34jhylmblxzqccxhcby	223	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	223	24	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	223	25	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	223	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	223	27	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	223	28	variable	variable	FW
work_b3ftiyv34jhylmblxzqccxhcby	223	29	Y	Y	NNP
work_b3ftiyv34jhylmblxzqccxhcby	223	30	formed	form	VBN
work_b3ftiyv34jhylmblxzqccxhcby	223	31	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	223	32	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	223	33	date-1	date-1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	223	34	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	223	35	using	use	VBG
work_b3ftiyv34jhylmblxzqccxhcby	223	36	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	223	37	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	223	38	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	223	39	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	223	40	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	223	41	E1[Y	e1[y	LS
work_b3ftiyv34jhylmblxzqccxhcby	223	42	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	223	43	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	223	44	E[Y	E[Y	JJR
work_b3ftiyv34jhylmblxzqccxhcby	223	45	|p1	|p1	CD
work_b3ftiyv34jhylmblxzqccxhcby	223	46	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	223	47	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	223	48	Var1[Y	var1[y	NN
work_b3ftiyv34jhylmblxzqccxhcby	223	49	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	223	50	=	=	NN
work_b3ftiyv34jhylmblxzqccxhcby	223	51	Var[Y	Var[Y	NNP
work_b3ftiyv34jhylmblxzqccxhcby	223	52	|p1	|p1	CD
work_b3ftiyv34jhylmblxzqccxhcby	223	53	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	223	54	denote	denote	VB
work_b3ftiyv34jhylmblxzqccxhcby	223	55	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	223	56	same	same	JJ
work_b3ftiyv34jhylmblxzqccxhcby	223	57	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	223	58	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	223	59	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	223	60	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	223	61	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	223	62	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	223	63	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	223	64	used	use	VBN
work_b3ftiyv34jhylmblxzqccxhcby	223	65	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	224	1	Similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	224	2	definitions	definition	NNS
work_b3ftiyv34jhylmblxzqccxhcby	224	3	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	224	4	date-2	date-2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	5	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	224	6	yield	yield	VBP
work_b3ftiyv34jhylmblxzqccxhcby	224	7	Ei2[Y	Ei2[Y	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	8	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	224	9	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	224	10	E[Y	e[y	CD
work_b3ftiyv34jhylmblxzqccxhcby	224	11	|si	|si	CD
work_b3ftiyv34jhylmblxzqccxhcby	224	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	224	13	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	224	15	p1,p2	p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	16	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	224	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	224	18	Vari2[Y	Vari2[Y	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	19	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	224	20	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	224	21	Var[Y	Var[Y	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	22	|si	|si	CD
work_b3ftiyv34jhylmblxzqccxhcby	224	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	224	24	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	224	26	p1,p2	p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	27	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	224	28	as	as	RB
work_b3ftiyv34jhylmblxzqccxhcby	224	29	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	224	30	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	224	31	E2[Y	e2[y	FW
work_b3ftiyv34jhylmblxzqccxhcby	224	32	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	224	33	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	224	34	E[Y	E[Y	JJR
work_b3ftiyv34jhylmblxzqccxhcby	224	35	|sP	|sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	224	37	p1,p2	p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	38	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	224	39	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	224	40	Var2[Y	var2[y	NN
work_b3ftiyv34jhylmblxzqccxhcby	224	41	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	224	42	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	224	43	Var[Y	Var[Y	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	44	|sP	|sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	45	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	224	46	p1,p2	p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	224	47	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	224	48	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	225	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	225	2	variables	variable	NNS
work_b3ftiyv34jhylmblxzqccxhcby	225	3	τn	τn	NNP
work_b3ftiyv34jhylmblxzqccxhcby	225	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	225	5	τin	τin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	225	6	denote	denote	VBP
work_b3ftiyv34jhylmblxzqccxhcby	225	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	225	8	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	225	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	225	10	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	225	11	forecasts	forecast	NNS
work_b3ftiyv34jhylmblxzqccxhcby	225	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	225	13	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	225	14	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	225	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	225	16	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	225	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	225	18	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	225	19	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	225	20	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	225	21	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	225	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	225	23	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	225	24	both	both	CC
work_b3ftiyv34jhylmblxzqccxhcby	225	25	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	225	26	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	225	27	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	225	28	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	225	29	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	225	30	thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	225	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	225	32	τn	τn	NNP
work_b3ftiyv34jhylmblxzqccxhcby	225	33	=	=	FW
work_b3ftiyv34jhylmblxzqccxhcby	225	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	225	35	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	225	36	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	225	37	Varn[v	Varn[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	225	38	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	225	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	225	40	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	225	41	τin	τin	NNS
work_b3ftiyv34jhylmblxzqccxhcby	225	42	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	225	43	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	225	44	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	225	45	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	225	46	Varin[v	varin[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	225	47	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	225	48	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	225	49	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	226	1	Letting	let	VBG
work_b3ftiyv34jhylmblxzqccxhcby	226	2	αEn	αEn	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	226	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	226	4	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	226	5	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	226	6	τin	τin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	226	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	226	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	226	9	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	226	10	Ein[v	Ein[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	226	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	226	12	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	226	13	αEnsin	αEnsin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	226	14	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	226	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	226	16	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	226	17	−αEn	−αen	CD
work_b3ftiyv34jhylmblxzqccxhcby	226	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	226	19	En[v	En[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	226	20	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	226	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	227	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	227	2	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	227	3	derive	derive	VBP
work_b3ftiyv34jhylmblxzqccxhcby	227	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	227	5	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	227	6	content	content	NN
work_b3ftiyv34jhylmblxzqccxhcby	227	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	227	8	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	227	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	227	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	227	11	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	227	12	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	227	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	228	1	Consider	consider	VB
work_b3ftiyv34jhylmblxzqccxhcby	228	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	228	3	candidate	candidate	NN
work_b3ftiyv34jhylmblxzqccxhcby	228	4	linear	linear	NN
work_b3ftiyv34jhylmblxzqccxhcby	228	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	228	6	symmetric	symmetric	JJ
work_b3ftiyv34jhylmblxzqccxhcby	228	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	228	8	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	228	9	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	228	10	xi1	xi1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	228	11	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	228	12	a1si−ϕ1(p1	a1si−ϕ1(p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	228	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	228	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	228	15	xi2	xi2	NN
work_b3ftiyv34jhylmblxzqccxhcby	228	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	228	17	a2si	a2si	NN
work_b3ftiyv34jhylmblxzqccxhcby	228	18	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	228	19	bsP	bsp	NN
work_b3ftiyv34jhylmblxzqccxhcby	228	20	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	228	21	ϕ2(p1,p2	ϕ2(p1,p2	.
work_b3ftiyv34jhylmblxzqccxhcby	228	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	228	23	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	228	24	ϕn	ϕn	NNP
work_b3ftiyv34jhylmblxzqccxhcby	228	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	228	26	·	·	NFP
work_b3ftiyv34jhylmblxzqccxhcby	228	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	228	28	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	228	29	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	228	30	function	function	NN
work_b3ftiyv34jhylmblxzqccxhcby	228	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	229	1	Denote	denote	NN
work_b3ftiyv34jhylmblxzqccxhcby	229	2	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	229	3	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	229	4	≡	≡	CD
work_b3ftiyv34jhylmblxzqccxhcby	229	5	a1v	a1v	NNS
work_b3ftiyv34jhylmblxzqccxhcby	229	6	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	229	7	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	229	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	229	9	noisy	noisy	JJ
work_b3ftiyv34jhylmblxzqccxhcby	229	10	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	229	11	addition	addition	NN
work_b3ftiyv34jhylmblxzqccxhcby	229	12	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	229	13	v	v	RB
work_b3ftiyv34jhylmblxzqccxhcby	229	14	generated	generate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	229	15	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	229	16	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	229	17	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	229	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	229	19	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	229	20	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	229	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	229	22	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	229	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	229	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	229	25	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	229	26	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	229	27	content	content	NN
work_b3ftiyv34jhylmblxzqccxhcby	229	28	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	229	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	229	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	229	31	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	229	32	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	229	33	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	229	34	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	229	35	flow	flow	NN
work_b3ftiyv34jhylmblxzqccxhcby	229	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	229	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	230	1	Similarly	similarly	RB
work_b3ftiyv34jhylmblxzqccxhcby	230	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	230	3	put	put	VBD
work_b3ftiyv34jhylmblxzqccxhcby	230	4	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	230	5	≡	≡	NNP
work_b3ftiyv34jhylmblxzqccxhcby	230	6	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	230	7	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	230	8	βa1	βa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	230	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	230	10	denote	denote	NNP
work_b3ftiyv34jhylmblxzqccxhcby	230	11	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	230	12	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	230	13	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	230	14	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	230	15	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	230	16	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	230	17	addition	addition	NN
work_b3ftiyv34jhylmblxzqccxhcby	230	18	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	230	19	z2	z2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	230	20	≡	≡	NNP
work_b3ftiyv34jhylmblxzqccxhcby	230	21	∆a2v	∆a2v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	230	22	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	230	23	u2	u2	NN
work_b3ftiyv34jhylmblxzqccxhcby	230	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	231	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	231	2	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	231	3	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	231	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	231	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	231	6	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	231	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	231	8	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	231	9	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	231	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	231	11	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	231	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	231	13	observationally	observationally	RB
work_b3ftiyv34jhylmblxzqccxhcby	231	14	equivalent	equivalent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	231	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	231	16	o.e	o.e	NNP
work_b3ftiyv34jhylmblxzqccxhcby	231	17	.	.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	231	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	232	1	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	232	2	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	232	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	232	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	232	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	232	6	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	232	7	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	232	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	232	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	232	10	19Coval	19Coval	NNP
work_b3ftiyv34jhylmblxzqccxhcby	232	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	232	12	Stafford	Stafford	NNP
work_b3ftiyv34jhylmblxzqccxhcby	232	13	argue	argue	VBP
work_b3ftiyv34jhylmblxzqccxhcby	232	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	232	15	more	more	JJR
work_b3ftiyv34jhylmblxzqccxhcby	232	16	detail	detail	NN
work_b3ftiyv34jhylmblxzqccxhcby	232	17	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	232	18	fire	fire	NN
work_b3ftiyv34jhylmblxzqccxhcby	232	19	sales	sale	NNS
work_b3ftiyv34jhylmblxzqccxhcby	232	20	occur	occur	VBP
work_b3ftiyv34jhylmblxzqccxhcby	232	21	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	232	22	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	232	23	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	232	24	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	232	25	follow	follow	VBP
work_b3ftiyv34jhylmblxzqccxhcby	232	26	specialized	specialized	JJ
work_b3ftiyv34jhylmblxzqccxhcby	232	27	investment	investment	NN
work_b3ftiyv34jhylmblxzqccxhcby	232	28	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	232	29	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	232	30	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	232	31	exhibit	exhibit	VBP
work_b3ftiyv34jhylmblxzqccxhcby	232	32	considerable	considerable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	232	33	overlap	overlap	NN
work_b3ftiyv34jhylmblxzqccxhcby	232	34	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	232	35	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	232	36	holdings	holding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	232	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	233	1	20Easley	20Easley	NNP
work_b3ftiyv34jhylmblxzqccxhcby	233	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	233	3	Hvidkjaer	Hvidkjaer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	233	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	233	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	233	6	O’Hara	O’Hara	NNP
work_b3ftiyv34jhylmblxzqccxhcby	233	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	233	8	2002	2002	CD
work_b3ftiyv34jhylmblxzqccxhcby	233	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	233	10	develop	develop	VB
work_b3ftiyv34jhylmblxzqccxhcby	233	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	233	12	methodology	methodology	NN
work_b3ftiyv34jhylmblxzqccxhcby	233	13	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	233	14	estimate	estimate	VB
work_b3ftiyv34jhylmblxzqccxhcby	233	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	233	16	probability	probability	NN
work_b3ftiyv34jhylmblxzqccxhcby	233	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	233	18	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	233	19	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	233	20	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	233	21	transaction	transaction	NN
work_b3ftiyv34jhylmblxzqccxhcby	233	22	data	datum	NNS
work_b3ftiyv34jhylmblxzqccxhcby	233	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	234	1	14	14	CD
work_b3ftiyv34jhylmblxzqccxhcby	234	2	sequence	sequence	NN
work_b3ftiyv34jhylmblxzqccxhcby	234	3	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	234	4	z1,z2	z1,z2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	234	5	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	234	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	234	7	o.e	o.e	NNP
work_b3ftiyv34jhylmblxzqccxhcby	234	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	235	1	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	235	2	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	235	3	p1,p2	p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	235	4	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	235	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	236	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	236	2	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	236	3	let	let	VBP
work_b3ftiyv34jhylmblxzqccxhcby	236	4	xn	xn	NNP
work_b3ftiyv34jhylmblxzqccxhcby	236	5	≡	≡	ADD
work_b3ftiyv34jhylmblxzqccxhcby	236	6	∫	∫	:
work_b3ftiyv34jhylmblxzqccxhcby	236	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	236	8	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	236	9	xin	xin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	236	10	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	236	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	236	12	impose	impose	VB
work_b3ftiyv34jhylmblxzqccxhcby	236	13	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	236	14	clearing	clearing	NN
work_b3ftiyv34jhylmblxzqccxhcby	236	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	236	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	236	17	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	236	18	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	236	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	236	20	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	236	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	236	22	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	236	23	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	236	24	convention	convention	NN
work_b3ftiyv34jhylmblxzqccxhcby	236	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	236	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	236	27	implication	implication	NN
work_b3ftiyv34jhylmblxzqccxhcby	236	28	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	236	29	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	236	30	x1	x1	NN
work_b3ftiyv34jhylmblxzqccxhcby	236	31	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	236	32	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	236	33	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	236	34	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	236	35	⇐	⇐	CD
work_b3ftiyv34jhylmblxzqccxhcby	236	36	⇒	⇒	CD
work_b3ftiyv34jhylmblxzqccxhcby	236	37	a1v	a1v	NNS
work_b3ftiyv34jhylmblxzqccxhcby	236	38	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	236	39	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	236	40	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	236	41	ϕ1(p1	ϕ1(p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	236	42	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	236	43	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	237	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	237	2	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	237	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	237	4	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	237	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	237	6	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	237	7	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	237	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	237	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	237	10	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	237	11	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	237	12	clearing	clear	VBG
work_b3ftiyv34jhylmblxzqccxhcby	237	13	condition	condition	NN
work_b3ftiyv34jhylmblxzqccxhcby	237	14	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	237	15	x2	x2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	16	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	237	17	βθ1	βθ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	18	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	237	19	u2	u2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	237	21	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	237	22	⇐	⇐	CD
work_b3ftiyv34jhylmblxzqccxhcby	237	23	⇒	⇒	CD
work_b3ftiyv34jhylmblxzqccxhcby	237	24	x2	x2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	25	−βx1	−βx1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	26	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	237	27	u2	u2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	28	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	237	29	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	237	30	⇐	⇐	CD
work_b3ftiyv34jhylmblxzqccxhcby	237	31	⇒	⇒	CD
work_b3ftiyv34jhylmblxzqccxhcby	237	32	a2v	a2v	CD
work_b3ftiyv34jhylmblxzqccxhcby	237	33	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	237	34	bsP	bsp	JJ
work_b3ftiyv34jhylmblxzqccxhcby	237	35	−ϕ2(p1,p2	−ϕ2(p1,p2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	237	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	237	37	−β(a1v	−β(a1v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	38	−ϕ1(p1	−ϕ1(p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	237	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	237	40	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	237	41	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	237	42	u2	u2	NN
work_b3ftiyv34jhylmblxzqccxhcby	237	43	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	237	44	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	237	45	⇐	⇐	CD
work_b3ftiyv34jhylmblxzqccxhcby	237	46	⇒	⇒	CD
work_b3ftiyv34jhylmblxzqccxhcby	237	47	∆a2v	∆a2v	NNS
work_b3ftiyv34jhylmblxzqccxhcby	237	48	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	237	49	u2	u2	NN
work_b3ftiyv34jhylmblxzqccxhcby	237	50	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	237	51	ϕ2(p1,p2	ϕ2(p1,p2	XX
work_b3ftiyv34jhylmblxzqccxhcby	237	52	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	237	53	−βϕ1(p1	−βϕ1(p1	NFP
work_b3ftiyv34jhylmblxzqccxhcby	237	54	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	237	55	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	56	bsP	bsP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	57	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	237	58	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	237	59	7	7	LS
work_b3ftiyv34jhylmblxzqccxhcby	237	60	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	237	61	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	237	62	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	237	63	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	237	64	line	line	NN
work_b3ftiyv34jhylmblxzqccxhcby	237	65	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	237	66	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	237	67	used	use	VBN
work_b3ftiyv34jhylmblxzqccxhcby	237	68	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	237	69	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	237	70	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	237	71	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	237	72	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	237	73	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	237	74	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	75	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	237	76	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	77	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	78	βa1	βa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	237	79	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	237	80	denote	denote	VBP
work_b3ftiyv34jhylmblxzqccxhcby	237	81	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	237	82	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	237	83	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	237	84	weighted	weighted	JJ
work_b3ftiyv34jhylmblxzqccxhcby	237	85	net	net	JJ
work_b3ftiyv34jhylmblxzqccxhcby	237	86	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	237	87	intensity	intensity	NN
work_b3ftiyv34jhylmblxzqccxhcby	237	88	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	237	89	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	237	90	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	237	91	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	237	92	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	237	93	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	237	94	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	238	1	From	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	238	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	238	3	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	238	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	238	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	238	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	238	7	7	7	LS
work_b3ftiyv34jhylmblxzqccxhcby	238	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	238	9	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	238	10	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	238	11	easy	easy	JJ
work_b3ftiyv34jhylmblxzqccxhcby	238	12	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	238	13	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	238	14	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	238	15	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	238	16	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	238	17	o.e	o.e	NNP
work_b3ftiyv34jhylmblxzqccxhcby	238	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	239	1	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	239	2	p1	p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	239	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	239	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	239	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	239	6	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	239	7	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	239	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	239	9	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	239	10	z1,z2	z1,z2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	239	11	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	239	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	239	13	o.e	o.e	NNP
work_b3ftiyv34jhylmblxzqccxhcby	239	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	240	1	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	240	2	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	240	3	p1,p2	p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	240	4	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	240	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	241	1	Hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	241	2	E1[v	e1[v	FW
work_b3ftiyv34jhylmblxzqccxhcby	241	3	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	4	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	241	5	τ−11	τ−11	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	7	τvv̄+a1τuz1	τvv̄+a1τuz1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	241	10	E2[v	e2[v	LS
work_b3ftiyv34jhylmblxzqccxhcby	241	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	12	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	241	13	τ	τ	CD
work_b3ftiyv34jhylmblxzqccxhcby	241	14	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	15	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	241	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	17	τ1E1[v	τ1e1[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	241	18	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	19	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	241	20	τηsP	τηsp	CD
work_b3ftiyv34jhylmblxzqccxhcby	241	21	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	241	22	∆a2τuz2	∆a2τuz2	XX
work_b3ftiyv34jhylmblxzqccxhcby	241	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	241	25	Var1[v	Var1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	26	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	27	≡	≡	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	28	τ	τ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	29	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	30	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	241	31	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	241	32	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	33	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	34	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	241	35	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	241	36	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	241	37	1τu	1τu	NN
work_b3ftiyv34jhylmblxzqccxhcby	241	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	39	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	241	41	Var2[v	Var2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	42	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	43	≡	≡	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	44	τ−12	τ−12	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	45	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	241	46	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	47	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	48	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	241	49	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	241	50	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	241	51	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	52	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	53	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	54	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	241	55	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	56	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	57	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	58	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	241	59	Ein[v	Ein[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	60	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	61	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	241	62	τ	τ	LS
work_b3ftiyv34jhylmblxzqccxhcby	241	63	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	64	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	241	65	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	66	τnEn[v	τnEn[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	67	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	68	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	241	69	τεsi	τεsi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	70	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	71	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	241	72	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	241	73	Varin[v	Varin[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	74	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	75	≡	≡	ADD
work_b3ftiyv34jhylmblxzqccxhcby	241	76	τ−1	τ−1	NN
work_b3ftiyv34jhylmblxzqccxhcby	241	77	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	241	78	=	=	NNS
work_b3ftiyv34jhylmblxzqccxhcby	241	79	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	80	τn	τn	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	81	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	241	82	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	83	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	241	84	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	241	85	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	242	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	242	2	shall	shall	MD
work_b3ftiyv34jhylmblxzqccxhcby	242	3	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	242	4	relate	relate	VB
work_b3ftiyv34jhylmblxzqccxhcby	242	5	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	242	6	formation	formation	NN
work_b3ftiyv34jhylmblxzqccxhcby	242	7	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	242	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	242	9	Keynes	Keynes	NNP
work_b3ftiyv34jhylmblxzqccxhcby	242	10	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	242	11	notion	notion	NN
work_b3ftiyv34jhylmblxzqccxhcby	242	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	242	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	242	14	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	242	15	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	242	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	243	1	Then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	243	2	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	243	3	look	look	VBP
work_b3ftiyv34jhylmblxzqccxhcby	243	4	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	243	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	243	6	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	243	7	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	243	8	mechanism	mechanism	NN
work_b3ftiyv34jhylmblxzqccxhcby	243	9	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	243	10	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	243	11	associate	associate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	243	12	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	243	13	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	243	14	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	243	15	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	243	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	243	17	characterize	characterize	VB
work_b3ftiyv34jhylmblxzqccxhcby	243	18	equilibria	equilibria	NNP
work_b3ftiyv34jhylmblxzqccxhcby	243	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	243	20	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	243	21	stability	stability	NN
work_b3ftiyv34jhylmblxzqccxhcby	243	22	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	243	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	243	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	243	25	trading	trade	VBG
work_b3ftiyv34jhylmblxzqccxhcby	243	26	strate-	strate-	NN
work_b3ftiyv34jhylmblxzqccxhcby	243	27	gies	gy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	243	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	244	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	244	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	244	3	way	way	NN
work_b3ftiyv34jhylmblxzqccxhcby	244	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	244	5	demonstrate	demonstrate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	244	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	244	7	limits	limit	NNS
work_b3ftiyv34jhylmblxzqccxhcby	244	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	244	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	244	10	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	244	11	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	244	12	analogy	analogy	NN
work_b3ftiyv34jhylmblxzqccxhcby	244	13	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	244	14	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	244	15	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	244	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	245	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	245	2	end	end	VBP
work_b3ftiyv34jhylmblxzqccxhcby	245	3	Section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	245	4	III	iii	CD
work_b3ftiyv34jhylmblxzqccxhcby	245	5	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	245	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	245	7	robustness	robustness	NN
work_b3ftiyv34jhylmblxzqccxhcby	245	8	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	245	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	246	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	246	2	Prices	Prices	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	246	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	246	4	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	246	5	Contests	Contests	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	246	6	Here	here	RB
work_b3ftiyv34jhylmblxzqccxhcby	246	7	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	246	8	give	give	VBP
work_b3ftiyv34jhylmblxzqccxhcby	246	9	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	246	10	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	246	11	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	246	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	246	13	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	246	14	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	246	15	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	246	16	highlights	highlight	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	246	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	246	18	dependence	dependence	NN
work_b3ftiyv34jhylmblxzqccxhcby	246	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	246	20	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	246	21	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	246	22	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	246	23	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	246	24	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	246	25	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	246	26	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	246	27	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	246	28	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	246	29	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	246	30	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	246	31	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	246	32	cf	cf	NN
work_b3ftiyv34jhylmblxzqccxhcby	246	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	247	1	Allen	Allen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	247	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	247	3	Morris	Morris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	247	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	247	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	247	6	Shin	Shin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	247	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	247	8	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	247	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	247	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	247	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	248	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	248	2	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	248	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	248	4	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	248	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	248	6	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	248	7	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	248	8	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	248	9	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	248	10	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	248	11	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	248	12	n	n	RB
work_b3ftiyv34jhylmblxzqccxhcby	248	13	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	248	14	affect	affect	VBP
work_b3ftiyv34jhylmblxzqccxhcby	248	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	248	16	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	248	17	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	248	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	248	19	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	248	20	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	248	21	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	248	22	n+1	n+1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	248	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	249	1	So	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	249	2	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	249	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	249	4	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	249	5	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	249	6	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	249	7	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	249	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	249	9	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	249	10	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	249	11	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	249	12	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	249	13	use	use	VBP
work_b3ftiyv34jhylmblxzqccxhcby	249	14	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	249	15	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	249	16	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	249	17	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	249	18	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	249	19	infer	infer	VB
work_b3ftiyv34jhylmblxzqccxhcby	249	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	249	21	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	249	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	249	23	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	249	24	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	249	25	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	249	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	249	27	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	249	28	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	249	29	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	249	30	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	249	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	250	1	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	250	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	250	3	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	250	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	250	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	250	6	latter	latter	NN
work_b3ftiyv34jhylmblxzqccxhcby	250	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	250	8	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	250	9	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	250	10	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	250	11	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	250	12	HOEs	hoe	NNS
work_b3ftiyv34jhylmblxzqccxhcby	250	13	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	250	14	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	250	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	250	16	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	250	17	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	250	18	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	250	19	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	250	20	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	250	21	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	250	22	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	250	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	251	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	251	2	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	251	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	251	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	251	5	turn	turn	NN
work_b3ftiyv34jhylmblxzqccxhcby	251	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	251	7	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	251	8	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	251	9	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	251	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	251	11	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	251	12	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	251	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	251	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	251	15	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	251	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	252	1	Let	let	VB
work_b3ftiyv34jhylmblxzqccxhcby	252	2	us	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	252	3	denote	denote	VB
work_b3ftiyv34jhylmblxzqccxhcby	252	4	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	252	5	Ēn[v	Ēn[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	252	6	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	252	7	≡	≡	ADD
work_b3ftiyv34jhylmblxzqccxhcby	252	8	∫	∫	:
work_b3ftiyv34jhylmblxzqccxhcby	252	9	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	252	10	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	252	11	Ein[v	Ein[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	252	12	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	252	13	di	di	FW
work_b3ftiyv34jhylmblxzqccxhcby	252	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	252	15	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	252	16	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	252	17	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	252	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	252	19	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	252	20	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	252	21	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	252	22	n	n	NNP
work_b3ftiyv34jhylmblxzqccxhcby	252	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	252	24	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	252	25	Ēn[v	Ēn[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	252	26	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	252	27	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	252	28	αEnv	αenv	JJ
work_b3ftiyv34jhylmblxzqccxhcby	252	29	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	252	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	252	31	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	252	32	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	252	33	αEn	αEn	''
work_b3ftiyv34jhylmblxzqccxhcby	252	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	252	35	En[v	En[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	252	36	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	252	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	253	1	Starting	start	VBG
work_b3ftiyv34jhylmblxzqccxhcby	253	2	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	253	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	253	4	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	253	5	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	253	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	253	7	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	253	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	253	9	impose	impose	VBP
work_b3ftiyv34jhylmblxzqccxhcby	253	10	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	253	11	clearing	clearing	NN
work_b3ftiyv34jhylmblxzqccxhcby	253	12	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	253	13	∫	∫	$
work_b3ftiyv34jhylmblxzqccxhcby	253	14	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	253	15	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	253	16	X2(si	X2(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	253	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	253	18	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	253	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	253	20	p1,p2	p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	253	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	253	22	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	253	23	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	253	24	θ2	θ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	253	25	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	253	26	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	253	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	254	1	Because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	254	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	254	3	CARA	CARA	NNP
work_b3ftiyv34jhylmblxzqccxhcby	254	4	15	15	CD
work_b3ftiyv34jhylmblxzqccxhcby	254	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	254	6	normality	normality	NN
work_b3ftiyv34jhylmblxzqccxhcby	254	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	254	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	254	9	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	254	10	X2(si	X2(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	254	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	254	12	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	254	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	254	14	p1,p2	p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	254	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	254	16	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	254	17	γVari2[v	γvari2[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	254	18	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	254	19	−1(Ei2[v	−1(Ei2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	254	20	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	254	21	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	254	22	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	254	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	254	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	255	1	Substituting	substitute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	255	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	255	3	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	255	4	into	into	IN
work_b3ftiyv34jhylmblxzqccxhcby	255	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	255	6	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	255	7	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	255	8	clearing	clear	VBG
work_b3ftiyv34jhylmblxzqccxhcby	255	9	equation	equation	NN
work_b3ftiyv34jhylmblxzqccxhcby	255	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	255	11	solving	solve	VBG
work_b3ftiyv34jhylmblxzqccxhcby	255	12	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	255	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	255	14	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	255	15	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	255	16	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	255	17	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	255	18	p2	p2	VBP
work_b3ftiyv34jhylmblxzqccxhcby	255	19	=	=	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	255	20	Ē2[v	ē2[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	255	21	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	255	22	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	255	23	Vari2[v	Vari2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	255	24	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	255	25	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	255	26	θ2	θ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	255	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	256	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	256	2	8)	8)	CD
work_b3ftiyv34jhylmblxzqccxhcby	256	3	Similarly	similarly	RB
work_b3ftiyv34jhylmblxzqccxhcby	256	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	256	5	imposing	impose	VBG
work_b3ftiyv34jhylmblxzqccxhcby	256	6	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	256	7	clearing	clearing	NN
work_b3ftiyv34jhylmblxzqccxhcby	256	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	256	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	256	10	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	256	11	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	256	12	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	256	13	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	256	14	∫	∫	:
work_b3ftiyv34jhylmblxzqccxhcby	256	15	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	256	16	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	256	17	X1(si	x1(si	NN
work_b3ftiyv34jhylmblxzqccxhcby	256	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	256	19	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	256	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	256	21	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	256	22	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	256	23	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	256	24	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	256	25	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	256	26	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	256	27	solving	solve	VBG
work_b3ftiyv34jhylmblxzqccxhcby	256	28	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	256	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	256	30	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	256	31	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	256	32	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	256	33	yields	yield	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	256	34	p1	p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	256	35	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	256	36	Ē1[p2	Ē1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	256	37	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	256	38	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	256	39	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	256	40	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	256	41	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	256	42	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	256	43	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	257	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	2	9	9	LS
work_b3ftiyv34jhylmblxzqccxhcby	257	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	4	Substituting	substitute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	257	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	6	8)	8)	CD
work_b3ftiyv34jhylmblxzqccxhcby	257	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	257	8	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	257	9	rearranging	rearrange	VBG
work_b3ftiyv34jhylmblxzqccxhcby	257	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	257	11	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	257	12	obtain	obtain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	257	13	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	257	14	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	257	15	Ē1	ē1	UH
work_b3ftiyv34jhylmblxzqccxhcby	257	16	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	17	Ē2[v	Ē2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	18	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	19	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	20	Vari2[v	Vari2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	21	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	22	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	23	θ2	θ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	24	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	25	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	26	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	27	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	28	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	29	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	257	30	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	257	31	Ē1[Ē2[v	ē1[ē2[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	257	32	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	33	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	34	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	257	35	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	36	Vari2[v	Vari2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	37	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	38	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	39	Ē1[θ1	Ē1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	40	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	41	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	257	42	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	43	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	257	44	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	257	45	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	257	46	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	258	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	2	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	258	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	4	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	258	5	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	258	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	7	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	258	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	258	10	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	258	11	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	258	12	constitute	constitute	VBP
work_b3ftiyv34jhylmblxzqccxhcby	258	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	258	14	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	258	15	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	258	16	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	17	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	18	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	258	19	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	258	20	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	258	21	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	258	22	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	258	23	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	24	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	258	25	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	258	26	over	over	IN
work_b3ftiyv34jhylmblxzqccxhcby	258	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	258	28	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	29	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	31	Ē1[Ē2[v	ē1[ē2[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	32	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	33	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	258	36	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	258	37	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	38	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	258	39	adjusted	adjust	VBN
work_b3ftiyv34jhylmblxzqccxhcby	258	40	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	41	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	258	42	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	258	43	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	258	44	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	258	45	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	46	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	47	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	258	48	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	49	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	258	50	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	51	θ1	θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	258	52	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	53	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	258	54	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	258	55	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	258	56	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	258	57	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	258	58	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	258	59	over	over	IN
work_b3ftiyv34jhylmblxzqccxhcby	258	60	first-	first-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	258	61	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	62	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	258	63	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	258	64	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	65	Ē1[θ1	Ē1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	258	66	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	67	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	258	68	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	259	1	Those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	259	2	latter	latter	JJ
work_b3ftiyv34jhylmblxzqccxhcby	259	3	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	259	4	arise	arise	VBP
work_b3ftiyv34jhylmblxzqccxhcby	259	5	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	259	6	p2	p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	259	7	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	259	8	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	259	9	θ2	θ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	259	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	259	11	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	259	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	259	13	turn	turn	NN
work_b3ftiyv34jhylmblxzqccxhcby	259	14	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	259	15	correlated	correlate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	259	16	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	259	17	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	259	18	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	259	19	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	259	20	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	259	21	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	259	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	260	1	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	260	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	260	3	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	260	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	260	5	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	260	6	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	260	7	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	260	8	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	260	9	interested	interested	JJ
work_b3ftiyv34jhylmblxzqccxhcby	260	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	260	11	estimating	estimate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	260	12	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	260	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	261	1	Expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	261	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	261	3	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	261	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	261	5	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	261	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	261	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	261	8	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	261	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	261	10	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	261	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	261	12	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	261	13	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	261	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	261	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	261	16	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	261	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	261	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	261	19	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	261	20	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	261	21	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	261	22	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	261	23	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	261	24	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	261	25	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	261	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	261	27	sum	sum	NN
work_b3ftiyv34jhylmblxzqccxhcby	261	28	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	261	29	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	261	30	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	261	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	262	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	262	2	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	262	3	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	262	4	captures	capture	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	262	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	262	6	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	262	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	262	8	HOEs	hoe	NNS
work_b3ftiyv34jhylmblxzqccxhcby	262	9	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	262	10	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	262	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	262	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	262	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	262	14	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	262	15	reflects	reflect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	262	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	262	17	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	262	18	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	262	19	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	262	20	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	262	21	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	262	22	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	262	23	concerning	concern	VBG
work_b3ftiyv34jhylmblxzqccxhcby	262	24	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	262	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	263	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	263	2	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	263	3	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	263	4	Ē1[Ē2[v	ē1[ē2[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	263	5	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	263	6	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	263	7	=	=	FW
work_b3ftiyv34jhylmblxzqccxhcby	263	8	ᾱE1v	ᾱe1v	XX
work_b3ftiyv34jhylmblxzqccxhcby	263	9	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	263	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	263	11	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	263	12	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	263	13	ᾱE1	ᾱE1	''
work_b3ftiyv34jhylmblxzqccxhcby	263	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	263	15	E1[v	E1[v	NFP
work_b3ftiyv34jhylmblxzqccxhcby	263	16	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	263	17	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	263	18	Ē1[θ1	Ē1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	263	19	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	263	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	263	21	a1(1	a1(1	FW
work_b3ftiyv34jhylmblxzqccxhcby	263	22	−αE1	−αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	263	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	263	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	263	25	v	v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	263	26	−E1[v	−E1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	263	27	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	263	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	263	29	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	263	30	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	263	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	264	1	Here	here	RB
work_b3ftiyv34jhylmblxzqccxhcby	264	2	ᾱE1	ᾱe1	NN
work_b3ftiyv34jhylmblxzqccxhcby	264	3	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	264	4	αE1	αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	264	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	6	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	264	7	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	9	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	10	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	264	11	τ2)(1	τ2)(1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	12	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	13	αE2	αe2	NN
work_b3ftiyv34jhylmblxzqccxhcby	264	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	264	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	264	18	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	19	denotes	denote	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	264	20	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	264	21	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	264	22	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	264	23	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	264	24	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	264	25	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	264	26	responsiveness	responsiveness	NN
work_b3ftiyv34jhylmblxzqccxhcby	264	27	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	264	28	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	264	29	information.21	information.21	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	30	So	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	264	31	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	264	32	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	33	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	264	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	264	36	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	264	37	implication	implication	NN
work_b3ftiyv34jhylmblxzqccxhcby	264	38	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	264	39	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	264	40	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	264	41	total	total	JJ
work_b3ftiyv34jhylmblxzqccxhcby	264	42	21When	21When	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	43	computing	compute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	264	44	Ē1[θ1	Ē1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	45	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	46	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	264	47	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	264	48	z1	z1	NN
work_b3ftiyv34jhylmblxzqccxhcby	264	49	=	=	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	50	Ei1[z1	ei1[z1	LS
work_b3ftiyv34jhylmblxzqccxhcby	264	51	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	52	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	264	53	a1Ei1[v	a1Ei1[v	NFP
work_b3ftiyv34jhylmblxzqccxhcby	264	54	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	55	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	56	Ei1[θ1	Ei1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	57	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	58	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	264	59	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	264	60	Ei1[θ1	Ei1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	61	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	62	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	264	63	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	64	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	65	a1Ei1[v	a1Ei1[v	NFP
work_b3ftiyv34jhylmblxzqccxhcby	264	66	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	67	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	264	68	a1(v	a1(v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	69	−Ei1[v	−Ei1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	264	70	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	71	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	264	72	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	264	73	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	264	74	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	265	1	Computing	compute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	265	2	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	265	3	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	265	4	yields	yield	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	265	5	Ē1[θ1	Ē1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	265	6	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	265	7	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	265	8	a1(v	a1(v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	265	9	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	265	10	Ē1[v	Ē1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	265	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	265	12	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	265	13	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	265	14	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	265	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	266	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	266	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	266	3	using	use	VBG
work_b3ftiyv34jhylmblxzqccxhcby	266	4	Ē1[v	ē1[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	266	5	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	266	6	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	266	7	αE1v	αe1v	XX
work_b3ftiyv34jhylmblxzqccxhcby	266	8	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	266	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	266	10	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	266	11	−αE1	−αe1	CD
work_b3ftiyv34jhylmblxzqccxhcby	266	12	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	266	13	E1[v	E1[v	NFP
work_b3ftiyv34jhylmblxzqccxhcby	266	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	266	15	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	266	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	266	17	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	266	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	266	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	266	20	centered	center	VBN
work_b3ftiyv34jhylmblxzqccxhcby	266	21	formula	formula	NN
work_b3ftiyv34jhylmblxzqccxhcby	266	22	above	above	RB
work_b3ftiyv34jhylmblxzqccxhcby	266	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	267	1	16	16	CD
work_b3ftiyv34jhylmblxzqccxhcby	267	2	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	267	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	267	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	267	5	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	267	6	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	267	7	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	267	8	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	267	9	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	267	10	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	267	11	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	267	12	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	267	13	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	267	14	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	267	15	ᾱE1	ᾱe1	NN
work_b3ftiyv34jhylmblxzqccxhcby	267	16	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	267	17	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	267	18	Vari2[v	Vari2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	267	19	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	267	20	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	267	21	a1(1	a1(1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	267	22	−αE1	−αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	267	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	267	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	268	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	268	2	11	11	CD
work_b3ftiyv34jhylmblxzqccxhcby	268	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	268	4	Observe	observe	VBP
work_b3ftiyv34jhylmblxzqccxhcby	268	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	268	6	ᾱE1	ᾱe1	NN
work_b3ftiyv34jhylmblxzqccxhcby	268	7	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	268	8	αE1	αe1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	268	9	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	268	10	any	any	DT
work_b3ftiyv34jhylmblxzqccxhcby	268	11	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	268	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	269	1	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	269	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	269	3	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	269	4	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	269	5	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	269	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	269	7	transient	transient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	269	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	269	9	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	269	10	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	269	11	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	269	12	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	269	13	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	269	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	269	15	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	269	16	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	269	17	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	269	18	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	269	19	places	place	NNS
work_b3ftiyv34jhylmblxzqccxhcby	269	20	more	more	JJR
work_b3ftiyv34jhylmblxzqccxhcby	269	21	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	269	22	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	269	23	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	269	24	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	269	25	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	269	26	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	269	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	269	28	optimal	optimal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	269	29	statistical	statistical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	269	30	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	269	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	270	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	270	2	finding	finding	NN
work_b3ftiyv34jhylmblxzqccxhcby	270	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	270	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	270	5	line	line	NN
work_b3ftiyv34jhylmblxzqccxhcby	270	6	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	270	7	Allen	Allen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	270	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	270	9	Morris	Morris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	270	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	270	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	270	12	Shin	Shin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	270	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	270	14	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	270	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	270	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	270	17	who	who	WP
work_b3ftiyv34jhylmblxzqccxhcby	270	18	prove	prove	VBP
work_b3ftiyv34jhylmblxzqccxhcby	270	19	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	270	20	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	270	21	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	270	22	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	270	23	heterogeneous	heterogeneous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	270	24	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	270	25	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	270	26	reflect	reflect	VBP
work_b3ftiyv34jhylmblxzqccxhcby	270	27	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	270	28	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	270	29	HOEs	hoe	NNS
work_b3ftiyv34jhylmblxzqccxhcby	270	30	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	270	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	270	32	final	final	JJ
work_b3ftiyv34jhylmblxzqccxhcby	270	33	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	270	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	271	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	271	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	271	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	271	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	271	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	271	6	law	law	NN
work_b3ftiyv34jhylmblxzqccxhcby	271	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	271	8	iterated	iterated	JJ
work_b3ftiyv34jhylmblxzqccxhcby	271	9	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	271	10	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	271	11	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	271	12	hold	hold	VB
work_b3ftiyv34jhylmblxzqccxhcby	271	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	271	14	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	271	15	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	271	16	forecasts	forecast	NNS
work_b3ftiyv34jhylmblxzqccxhcby	271	17	overweight	overweight	VBP
work_b3ftiyv34jhylmblxzqccxhcby	271	18	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	271	19	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	271	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	271	21	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	271	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	271	23	sense	sense	NN
work_b3ftiyv34jhylmblxzqccxhcby	271	24	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	271	25	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	271	26	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	271	27	ᾱE1	ᾱe1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	271	28	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	271	29	αE1	αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	271	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	271	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	272	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	272	2	reason	reason	NN
work_b3ftiyv34jhylmblxzqccxhcby	272	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	272	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	272	5	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	272	6	anticipate	anticipate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	272	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	272	8	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	272	9	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	272	10	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	272	11	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	272	12	knowing	know	VBG
work_b3ftiyv34jhylmblxzqccxhcby	272	13	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	272	14	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	272	15	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	272	16	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	272	17	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	272	18	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	272	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	272	20	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	272	21	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	272	22	observed	observe	VBN
work_b3ftiyv34jhylmblxzqccxhcby	272	23	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	272	24	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	272	25	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	272	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	273	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	273	2	Section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	273	3	III.E	III.E	NNP
work_b3ftiyv34jhylmblxzqccxhcby	273	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	273	5	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	273	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	273	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	273	8	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	273	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	273	10	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	273	11	systematically	systematically	RB
work_b3ftiyv34jhylmblxzqccxhcby	273	12	farther	farther	RB
work_b3ftiyv34jhylmblxzqccxhcby	273	13	away	away	RB
work_b3ftiyv34jhylmblxzqccxhcby	273	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	273	15	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	273	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	273	17	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	273	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	273	19	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	273	20	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	273	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	274	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	274	2	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	274	3	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	274	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	274	5	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	274	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	274	7	however	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	274	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	274	9	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	274	10	p1	p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	274	11	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	274	12	reflects	reflect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	274	13	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	274	14	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	274	15	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	274	16	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	274	17	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	274	18	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	274	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	275	1	Hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	275	2	another	another	DT
work_b3ftiyv34jhylmblxzqccxhcby	275	3	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	275	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	275	5	added	add	VBN
work_b3ftiyv34jhylmblxzqccxhcby	275	6	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	275	7	ᾱE1	ᾱe1	NN
work_b3ftiyv34jhylmblxzqccxhcby	275	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	275	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	275	10	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	275	11	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	275	12	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	275	13	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	275	14	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	275	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	275	16	11	11	CD
work_b3ftiyv34jhylmblxzqccxhcby	275	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	275	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	276	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	276	2	argue	argue	VBP
work_b3ftiyv34jhylmblxzqccxhcby	276	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	276	4	Section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	276	5	III.E	III.E	NNP
work_b3ftiyv34jhylmblxzqccxhcby	276	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	276	7	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	276	8	additional	additional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	276	9	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	276	10	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	276	11	reverse	reverse	VB
work_b3ftiyv34jhylmblxzqccxhcby	276	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	276	13	conclusion	conclusion	NN
work_b3ftiyv34jhylmblxzqccxhcby	276	14	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	276	15	derived	derive	VBD
work_b3ftiyv34jhylmblxzqccxhcby	276	16	under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	276	17	transient	transient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	276	18	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	276	19	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	276	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	277	1	B	B	NNP
work_b3ftiyv34jhylmblxzqccxhcby	277	2	Retrospective	Retrospective	NNP
work_b3ftiyv34jhylmblxzqccxhcby	277	3	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	277	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	277	5	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	277	6	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	277	7	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	277	8	start	start	VBP
work_b3ftiyv34jhylmblxzqccxhcby	277	9	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	277	10	giving	give	VBG
work_b3ftiyv34jhylmblxzqccxhcby	277	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	277	12	general	general	JJ
work_b3ftiyv34jhylmblxzqccxhcby	277	13	description	description	NN
work_b3ftiyv34jhylmblxzqccxhcby	277	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	277	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	277	16	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	277	17	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	277	18	function	function	NN
work_b3ftiyv34jhylmblxzqccxhcby	277	19	providing	provide	VBG
work_b3ftiyv34jhylmblxzqccxhcby	277	20	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	277	21	equivalent	equivalent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	277	22	expressions	expression	NNS
work_b3ftiyv34jhylmblxzqccxhcby	277	23	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	277	24	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	277	25	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	277	26	highlight	highlight	VBP
work_b3ftiyv34jhylmblxzqccxhcby	277	27	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	277	28	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	277	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	277	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	277	31	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	277	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	278	1	Proposition	proposition	NN
work_b3ftiyv34jhylmblxzqccxhcby	278	2	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	278	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	279	1	At	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	279	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	279	3	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	279	4	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	279	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	279	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	279	7	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	279	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	279	9	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	279	10	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	279	11	pn	pn	NNS
work_b3ftiyv34jhylmblxzqccxhcby	279	12	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	279	13	αPn	αPn	NNS
work_b3ftiyv34jhylmblxzqccxhcby	279	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	15	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	279	16	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	279	17	θn	θn	NN
work_b3ftiyv34jhylmblxzqccxhcby	279	18	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	279	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	20	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	279	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	22	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	279	23	−αPn	−αpn	LS
work_b3ftiyv34jhylmblxzqccxhcby	279	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	25	En[v	En[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	279	26	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	279	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	29	12	12	CD
work_b3ftiyv34jhylmblxzqccxhcby	279	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	31	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	279	32	θn	θn	NNP
work_b3ftiyv34jhylmblxzqccxhcby	279	33	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	279	34	un	un	NNP
work_b3ftiyv34jhylmblxzqccxhcby	279	35	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	279	36	βθn−1	βθn−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	279	37	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	279	38	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	279	39	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	279	40	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	279	41	αPn	αPn	NNS
work_b3ftiyv34jhylmblxzqccxhcby	279	42	denote	denote	VBP
work_b3ftiyv34jhylmblxzqccxhcby	279	43	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	279	44	responsiveness	responsiveness	NN
work_b3ftiyv34jhylmblxzqccxhcby	279	45	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	279	46	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	279	47	in-	in-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	279	48	formation	formation	NN
work_b3ftiyv34jhylmblxzqccxhcby	279	49	exhibited	exhibit	VBN
work_b3ftiyv34jhylmblxzqccxhcby	279	50	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	279	51	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	279	52	n	n	XX
work_b3ftiyv34jhylmblxzqccxhcby	279	53	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	279	54	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	279	55	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	279	56	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	279	57	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	279	58	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	279	59	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	279	60	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	279	61	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	62	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	279	63	equations	equation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	279	64	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	65	A.3a	A.3a	NNP
work_b3ftiyv34jhylmblxzqccxhcby	279	66	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	67	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	279	68	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	69	A.3b	A.3b	NNP
work_b3ftiyv34jhylmblxzqccxhcby	279	70	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	71	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	279	72	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	73	A.8	A.8	NNP
work_b3ftiyv34jhylmblxzqccxhcby	279	74	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	75	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	279	76	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	279	77	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	78	A.9	A.9	NNP
work_b3ftiyv34jhylmblxzqccxhcby	279	79	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	80	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	279	81	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	280	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	280	2	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	280	3	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	280	4	αP2	αp2	NN
work_b3ftiyv34jhylmblxzqccxhcby	280	5	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	280	6	αE2	αE2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	280	7	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	280	8	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	280	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	281	1	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	281	2	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	281	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	281	4	12	12	CD
work_b3ftiyv34jhylmblxzqccxhcby	281	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	281	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	281	7	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	281	8	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	281	9	n	n	CC
work_b3ftiyv34jhylmblxzqccxhcby	281	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	281	11	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	281	12	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	281	13	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	281	14	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	281	15	weighted	weighted	JJ
work_b3ftiyv34jhylmblxzqccxhcby	281	16	average	average	NN
work_b3ftiyv34jhylmblxzqccxhcby	281	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	281	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	281	19	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	281	20	expectation	expectation	NN
work_b3ftiyv34jhylmblxzqccxhcby	281	21	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	281	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	281	23	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	281	24	v	v	IN
work_b3ftiyv34jhylmblxzqccxhcby	281	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	281	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	281	27	semi	semi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	281	28	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	281	29	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	281	30	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	281	31	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	281	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	281	33	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	281	34	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	281	35	noisy	noisy	JJ
work_b3ftiyv34jhylmblxzqccxhcby	281	36	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	281	37	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	281	38	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	281	39	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	281	40	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	281	41	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	281	42	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	281	43	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	281	44	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	281	45	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	281	46	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	281	47	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	281	48	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	282	1	Rearranging	rearrange	VBG
work_b3ftiyv34jhylmblxzqccxhcby	282	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	282	3	17	17	CD
work_b3ftiyv34jhylmblxzqccxhcby	282	4	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	282	5	yields	yield	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	282	6	pn	pn	XX
work_b3ftiyv34jhylmblxzqccxhcby	282	7	−En[v	−En[v	NFP
work_b3ftiyv34jhylmblxzqccxhcby	282	8	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	282	9	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	282	10	αPn	αPn	NNS
work_b3ftiyv34jhylmblxzqccxhcby	282	11	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	282	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	282	13	an(v	an(v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	282	14	−En[v	−En[v	NFP
work_b3ftiyv34jhylmblxzqccxhcby	282	15	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	282	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	282	17	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	282	18	θn	θn	NN
work_b3ftiyv34jhylmblxzqccxhcby	282	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	282	20	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	282	21	ΛnEn[θn	ΛnEn[θn	NNP
work_b3ftiyv34jhylmblxzqccxhcby	282	22	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	282	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	282	24	13	13	CD
work_b3ftiyv34jhylmblxzqccxhcby	282	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	282	26	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	282	27	Λn	Λn	NNP
work_b3ftiyv34jhylmblxzqccxhcby	282	28	≡	≡	NNP
work_b3ftiyv34jhylmblxzqccxhcby	282	29	αPn	αPn	NNS
work_b3ftiyv34jhylmblxzqccxhcby	282	30	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	282	31	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	282	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	282	33	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	282	34	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	282	35	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	282	36	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	282	37	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	282	38	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	282	39	discrepancy	discrepancy	NN
work_b3ftiyv34jhylmblxzqccxhcby	282	40	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	282	41	pn	pn	NN
work_b3ftiyv34jhylmblxzqccxhcby	282	42	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	282	43	En[v	En[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	282	44	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	282	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	283	1	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	283	2	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	283	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	283	4	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	283	5	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	283	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	283	7	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	283	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	283	9	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	283	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	283	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	283	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	283	13	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	283	14	discrepancy	discrepancy	NN
work_b3ftiyv34jhylmblxzqccxhcby	283	15	reflects	reflect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	283	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	283	17	premium	premium	NN
work_b3ftiyv34jhylmblxzqccxhcby	283	18	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	283	19	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	283	20	proportional	proportional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	283	21	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	283	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	283	23	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	283	24	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	283	25	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	283	26	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	283	27	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	283	28	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	283	29	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	283	30	accommodate	accommodate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	283	31	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	283	32	n.	n.	NN
work_b3ftiyv34jhylmblxzqccxhcby	283	33	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	283	34	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	283	35	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	283	36	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	283	37	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	283	38	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	283	39	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	283	40	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	283	41	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	283	42	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	283	43	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	284	1	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	284	2	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	284	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	285	1	At	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	285	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	285	3	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	285	4	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	285	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	285	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	285	7	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	285	8	incorporates	incorporate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	285	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	285	10	premium	premium	NN
work_b3ftiyv34jhylmblxzqccxhcby	285	11	above	above	IN
work_b3ftiyv34jhylmblxzqccxhcby	285	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	285	13	semi-	semi-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	285	14	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	285	15	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	285	16	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	285	17	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	285	18	pn	pn	NNS
work_b3ftiyv34jhylmblxzqccxhcby	285	19	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	285	20	En[v	En[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	285	21	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	285	22	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	285	23	ΛnEn[θn	λnen[θn	NN
work_b3ftiyv34jhylmblxzqccxhcby	285	24	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	285	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	285	26	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	285	27	14	14	CD
work_b3ftiyv34jhylmblxzqccxhcby	285	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	285	29	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	285	30	Λ2	λ2	NN
work_b3ftiyv34jhylmblxzqccxhcby	285	31	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	285	32	Vari2[v]/γ	vari2[v]/γ	CD
work_b3ftiyv34jhylmblxzqccxhcby	285	33	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	285	34	Λ1	Λ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	285	35	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	285	36	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	285	37	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	285	38	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	285	39	+	+	CD
work_b3ftiyv34jhylmblxzqccxhcby	285	40	βΛ2	βΛ2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	285	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	286	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	286	2	15	15	LS
work_b3ftiyv34jhylmblxzqccxhcby	286	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	286	4	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	286	5	comparison	comparison	NN
work_b3ftiyv34jhylmblxzqccxhcby	286	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	286	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	286	8	15	15	CD
work_b3ftiyv34jhylmblxzqccxhcby	286	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	286	10	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	286	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	286	12	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	286	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	286	14	reveals	reveal	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	286	15	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	286	16	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	286	17	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	286	18	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	286	19	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	286	20	affects	affect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	286	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	286	22	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	286	23	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	286	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	286	25	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	286	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	287	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	287	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	287	3	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	287	4	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	287	6	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	287	7	who	who	WP
work_b3ftiyv34jhylmblxzqccxhcby	287	8	absorb	absorb	VBP
work_b3ftiyv34jhylmblxzqccxhcby	287	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	287	10	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	287	12	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	13	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	287	14	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	287	15	exposed	expose	VBN
work_b3ftiyv34jhylmblxzqccxhcby	287	16	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	287	17	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	18	stemming	stem	VBG
work_b3ftiyv34jhylmblxzqccxhcby	287	19	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	287	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	287	21	randomness	randomness	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	287	23	v.	v.	CC
work_b3ftiyv34jhylmblxzqccxhcby	287	24	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	287	25	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	287	26	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	287	27	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	287	29	however	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	287	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	287	31	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	287	32	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	287	33	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	34	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	287	35	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	287	36	date	date	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	37	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	287	38	face	face	VB
work_b3ftiyv34jhylmblxzqccxhcby	287	39	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	287	40	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	41	due	due	IN
work_b3ftiyv34jhylmblxzqccxhcby	287	42	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	287	43	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	287	44	randomness	randomness	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	45	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	287	46	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	287	47	next-	next-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	287	48	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	49	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	50	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	287	51	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	287	52	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	287	53	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	287	54	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	287	55	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	287	56	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	287	57	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	287	58	unwind	unwind	VBP
work_b3ftiyv34jhylmblxzqccxhcby	287	59	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	287	60	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	288	1	To	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	288	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	288	3	extent	extent	NN
work_b3ftiyv34jhylmblxzqccxhcby	288	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	288	5	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	288	6	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	288	7	displays	display	NNS
work_b3ftiyv34jhylmblxzqccxhcby	288	8	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	288	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	288	10	informed	inform	VBD
work_b3ftiyv34jhylmblxzqccxhcby	288	11	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	288	12	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	288	13	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	288	14	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	288	15	absorb	absorb	VBP
work_b3ftiyv34jhylmblxzqccxhcby	288	16	part	part	NN
work_b3ftiyv34jhylmblxzqccxhcby	288	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	288	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	288	19	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	288	20	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	288	21	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	288	22	liq-	liq-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	288	23	uidity	uidity	NNP
work_b3ftiyv34jhylmblxzqccxhcby	288	24	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	288	25	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	288	26	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	288	27	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	288	28	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	288	29	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	288	30	contributes	contribute	NNS
work_b3ftiyv34jhylmblxzqccxhcby	288	31	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	288	32	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	288	33	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	288	34	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	288	35	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	288	36	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	288	37	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	288	38	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	288	39	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	288	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	288	41	yielding	yield	VBG
work_b3ftiyv34jhylmblxzqccxhcby	288	42	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	288	43	15	15	CD
work_b3ftiyv34jhylmblxzqccxhcby	288	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	288	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	289	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	289	2	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	289	3	use	use	VB
work_b3ftiyv34jhylmblxzqccxhcby	289	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	289	5	14	14	CD
work_b3ftiyv34jhylmblxzqccxhcby	289	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	289	7	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	289	8	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	289	9	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	289	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	289	11	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	289	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	289	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	289	14	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	289	15	benchmark	benchmark	NN
work_b3ftiyv34jhylmblxzqccxhcby	289	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	289	17	under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	289	18	asymmetric	asymmetric	NNP
work_b3ftiyv34jhylmblxzqccxhcby	289	19	informa-	informa-	NN
work_b3ftiyv34jhylmblxzqccxhcby	289	20	tion	tion	NN
work_b3ftiyv34jhylmblxzqccxhcby	289	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	289	22	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	289	23	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	289	24	affected	affect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	289	25	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	289	26	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	289	27	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	289	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	289	29	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	289	30	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	289	31	Λn	λn	UH
work_b3ftiyv34jhylmblxzqccxhcby	289	32	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	289	33	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	289	34	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	289	35	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	289	36	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	289	37	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	289	38	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	290	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	290	2	claim	claim	NN
work_b3ftiyv34jhylmblxzqccxhcby	290	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	290	4	formalized	formalize	VBN
work_b3ftiyv34jhylmblxzqccxhcby	290	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	290	6	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	290	7	next	next	JJ
work_b3ftiyv34jhylmblxzqccxhcby	290	8	corollary	corollary	NN
work_b3ftiyv34jhylmblxzqccxhcby	290	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	291	1	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	291	2	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	291	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	292	1	Let	let	VB
work_b3ftiyv34jhylmblxzqccxhcby	292	2	a0	a0	NN
work_b3ftiyv34jhylmblxzqccxhcby	292	3	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	292	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	292	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	293	1	At	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	293	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	293	3	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	293	4	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	293	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	293	6	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	293	7	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	293	8	λ1z1	λ1z1	,
work_b3ftiyv34jhylmblxzqccxhcby	293	9	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	293	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	293	11	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	293	12	−λ1a1)v̄	−λ1a1)v̄	NNS
work_b3ftiyv34jhylmblxzqccxhcby	293	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	293	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	293	15	16a	16a	NNS
work_b3ftiyv34jhylmblxzqccxhcby	293	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	293	17	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	293	18	=	=	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	293	19	λ2z2	λ2z2	UH
work_b3ftiyv34jhylmblxzqccxhcby	293	20	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	293	21	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	293	22	τi2	τi2	VBN
work_b3ftiyv34jhylmblxzqccxhcby	293	23	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	293	24	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	293	25	γτ1E1[v	γτ1E1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	293	26	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	293	27	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	293	28	βz1	βz1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	293	29	γτi2	γτi2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	293	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	294	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	294	2	16b	16b	NNS
work_b3ftiyv34jhylmblxzqccxhcby	294	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	294	4	Here	here	RB
work_b3ftiyv34jhylmblxzqccxhcby	294	5	λn	λn	IN
work_b3ftiyv34jhylmblxzqccxhcby	294	6	denotes	denote	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	294	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	294	8	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	294	9	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	294	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	294	11	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	294	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	294	13	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	294	14	n	n	NN
work_b3ftiyv34jhylmblxzqccxhcby	294	15	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	294	16	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	294	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	294	18	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	294	19	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	294	20	λn	λn	NNP
work_b3ftiyv34jhylmblxzqccxhcby	294	21	≡	≡	NNP
work_b3ftiyv34jhylmblxzqccxhcby	294	22	∂pn	∂pn	.
work_b3ftiyv34jhylmblxzqccxhcby	294	23	∂un	∂un	.
work_b3ftiyv34jhylmblxzqccxhcby	294	24	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	294	25	αPn	αPn	NNS
work_b3ftiyv34jhylmblxzqccxhcby	294	26	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	294	27	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	294	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	294	29	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	294	30	−αPn	−αpn	LS
work_b3ftiyv34jhylmblxzqccxhcby	294	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	294	32	∆anτu	∆anτu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	294	33	τn	τn	NN
work_b3ftiyv34jhylmblxzqccxhcby	294	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	295	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	295	2	17	17	CD
work_b3ftiyv34jhylmblxzqccxhcby	295	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	295	4	18	18	CD
work_b3ftiyv34jhylmblxzqccxhcby	295	5	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	295	6	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	295	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	295	8	17	17	CD
work_b3ftiyv34jhylmblxzqccxhcby	295	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	295	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	295	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	295	12	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	295	13	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	295	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	295	15	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	295	16	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	295	17	n	n	NN
work_b3ftiyv34jhylmblxzqccxhcby	295	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	295	19	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	295	20	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	295	21	captured	capture	VBN
work_b3ftiyv34jhylmblxzqccxhcby	295	22	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	295	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	295	24	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	295	25	−αP2	−αp2	NN
work_b3ftiyv34jhylmblxzqccxhcby	295	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	295	27	∆a2τu	∆a2τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	295	28	τ2	τ2	NN
work_b3ftiyv34jhylmblxzqccxhcby	295	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	296	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	296	2	18	18	CD
work_b3ftiyv34jhylmblxzqccxhcby	296	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	296	4	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	296	5	shown	show	VBN
work_b3ftiyv34jhylmblxzqccxhcby	296	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	296	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	296	8	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	296	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	296	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	296	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	296	12	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	296	13	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	296	14	differs	differ	NNS
work_b3ftiyv34jhylmblxzqccxhcby	296	15	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	296	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	296	17	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	296	18	benchmark	benchmark	NN
work_b3ftiyv34jhylmblxzqccxhcby	296	19	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	296	20	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	296	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	296	22	sign	sign	NN
work_b3ftiyv34jhylmblxzqccxhcby	296	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	296	24	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	296	25	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	296	26	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	296	27	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	296	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	296	29	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	296	30	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	296	31	weighted	weighted	JJ
work_b3ftiyv34jhylmblxzqccxhcby	296	32	net	net	JJ
work_b3ftiyv34jhylmblxzqccxhcby	296	33	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	296	34	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	296	35	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	296	36	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	296	37	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	296	38	thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	296	39	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	296	40	net	net	JJ
work_b3ftiyv34jhylmblxzqccxhcby	296	41	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	296	42	intensity	intensity	NN
work_b3ftiyv34jhylmblxzqccxhcby	296	43	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	296	44	=	=	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	296	45	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	296	46	−βa1	−βa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	296	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	297	1	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	297	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	297	3	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	297	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	297	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	297	6	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	297	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	297	8	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	297	9	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	297	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	297	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	297	12	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	297	13	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	297	14	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	297	15	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	297	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	297	17	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	297	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	297	19	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	297	20	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	297	21	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	297	22	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	297	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	297	24	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	297	25	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	297	26	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	297	27	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	297	28	measured	measure	VBN
work_b3ftiyv34jhylmblxzqccxhcby	297	29	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	297	30	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	297	31	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	297	32	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	297	33	−βa1	−βa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	297	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	298	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	298	2	implication	implication	NN
work_b3ftiyv34jhylmblxzqccxhcby	298	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	298	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	298	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	298	6	sign	sign	NN
work_b3ftiyv34jhylmblxzqccxhcby	298	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	298	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	298	9	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	298	10	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	298	11	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	298	12	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	298	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	298	14	magnitude	magnitude	NN
work_b3ftiyv34jhylmblxzqccxhcby	298	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	298	16	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	298	17	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	298	18	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	298	19	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	298	20	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	298	21	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	298	22	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	298	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	299	1	22	22	CD
work_b3ftiyv34jhylmblxzqccxhcby	299	2	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	299	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	299	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	299	5	first-	first-	NN
work_b3ftiyv34jhylmblxzqccxhcby	299	6	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	299	7	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	299	8	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	299	9	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	299	10	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	299	11	affects	affect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	299	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	299	13	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	299	14	innovation	innovation	NN
work_b3ftiyv34jhylmblxzqccxhcby	299	15	extracted	extract	VBN
work_b3ftiyv34jhylmblxzqccxhcby	299	16	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	299	17	p1	p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	299	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	299	19	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	299	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	299	21	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	299	22	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	299	23	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	299	24	0	0	LS
work_b3ftiyv34jhylmblxzqccxhcby	299	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	299	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	299	27	one	one	NN
work_b3ftiyv34jhylmblxzqccxhcby	299	28	extracted	extract	VBD
work_b3ftiyv34jhylmblxzqccxhcby	299	29	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	299	30	p2—that	p2—that	NNP
work_b3ftiyv34jhylmblxzqccxhcby	299	31	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	299	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	299	33	both	both	CC
work_b3ftiyv34jhylmblxzqccxhcby	299	34	z1	z1	NN
work_b3ftiyv34jhylmblxzqccxhcby	299	35	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	299	36	z2—as	z2—as	NNP
work_b3ftiyv34jhylmblxzqccxhcby	299	37	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	299	38	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	299	39	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	299	40	sign	sign	NN
work_b3ftiyv34jhylmblxzqccxhcby	299	41	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	299	42	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	299	43	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	299	44	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	299	45	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	299	46	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	299	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	300	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	300	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	300	3	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	300	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	300	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	300	6	door	door	NN
work_b3ftiyv34jhylmblxzqccxhcby	300	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	300	8	open	open	JJ
work_b3ftiyv34jhylmblxzqccxhcby	300	9	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	300	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	300	11	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	300	12	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	300	13	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	300	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	300	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	300	16	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	300	17	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	300	18	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	300	19	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	300	20	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	300	21	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	300	22	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	300	23	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	300	24	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	300	25	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	300	26	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	300	27	retrospectively	retrospectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	300	28	reassess	reassess	VBP
work_b3ftiyv34jhylmblxzqccxhcby	300	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	300	30	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	300	31	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	300	32	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	300	33	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	300	34	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	300	35	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	300	36	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	300	37	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	300	38	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	300	39	new	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	300	40	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	300	41	gathered	gather	VBD
work_b3ftiyv34jhylmblxzqccxhcby	300	42	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	301	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	301	2	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	301	3	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	301	4	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	301	5	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	301	6	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	301	7	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	301	8	observe	observe	VBP
work_b3ftiyv34jhylmblxzqccxhcby	301	9	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	301	10	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	301	11	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	301	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	301	13	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	301	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	301	15	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	301	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	301	17	z2	z2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	301	18	high	high	RB
work_b3ftiyv34jhylmblxzqccxhcby	301	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	301	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	302	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	302	2	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	302	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	302	4	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	302	5	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	302	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	302	7	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	302	8	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	302	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	302	10	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	302	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	302	12	quite	quite	RB
work_b3ftiyv34jhylmblxzqccxhcby	302	13	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	302	14	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	302	15	v	v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	302	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	302	17	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	302	18	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	302	19	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	302	20	a1v	a1v	NNS
work_b3ftiyv34jhylmblxzqccxhcby	302	21	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	302	22	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	302	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	302	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	303	1	Hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	303	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	303	3	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	303	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	303	5	most	most	JJS
work_b3ftiyv34jhylmblxzqccxhcby	303	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	303	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	303	8	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	303	9	adjustment	adjustment	NN
work_b3ftiyv34jhylmblxzqccxhcby	303	10	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	303	11	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	303	12	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	303	13	must	must	MD
work_b3ftiyv34jhylmblxzqccxhcby	303	14	have	have	VB
work_b3ftiyv34jhylmblxzqccxhcby	303	15	occurred	occur	VBN
work_b3ftiyv34jhylmblxzqccxhcby	303	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	303	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	303	18	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	303	19	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	303	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	303	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	303	22	ii	ii	NNP
work_b3ftiyv34jhylmblxzqccxhcby	303	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	303	24	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	303	25	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	303	26	likely	likely	JJ
work_b3ftiyv34jhylmblxzqccxhcby	303	27	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	303	28	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	303	29	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	303	30	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	303	31	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	303	32	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	303	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	304	1	Since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	304	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	304	3	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	304	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	304	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	304	6	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	304	7	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	304	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	304	9	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	304	10	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	304	11	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	304	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	304	13	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	304	14	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	304	15	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	304	16	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	304	17	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	304	18	affected	affect	VBD
work_b3ftiyv34jhylmblxzqccxhcby	304	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	304	20	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	304	21	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	304	22	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	304	23	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	304	24	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	304	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	305	1	But	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	305	2	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	305	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	305	4	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	305	5	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	6	realization	realization	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	7	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	305	9	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	305	10	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	305	11	imply	imply	VB
work_b3ftiyv34jhylmblxzqccxhcby	305	12	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	305	13	lower	low	JJR
work_b3ftiyv34jhylmblxzqccxhcby	305	14	expectation	expectation	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	305	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	305	17	fundamentals.23	fundamentals.23	NNP
work_b3ftiyv34jhylmblxzqccxhcby	305	18	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	305	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	305	20	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	305	21	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	305	22	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	305	23	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	305	24	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	305	25	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	305	26	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	305	27	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	305	28	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	305	29	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	305	30	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	305	31	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	305	32	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	305	33	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	305	34	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	35	realization	realization	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	36	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	305	37	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	305	38	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	305	39	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	40	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	305	41	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	305	42	revise	revise	VB
work_b3ftiyv34jhylmblxzqccxhcby	305	43	downward	downward	RB
work_b3ftiyv34jhylmblxzqccxhcby	305	44	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	305	45	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	305	46	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	305	47	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	305	48	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	49	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	50	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	305	51	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	305	52	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	305	53	z2	z2	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	54	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	305	55	∆a2v	∆a2v	NNS
work_b3ftiyv34jhylmblxzqccxhcby	305	56	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	305	57	u2	u2	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	58	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	305	59	bad	bad	JJ
work_b3ftiyv34jhylmblxzqccxhcby	305	60	news	news	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	61	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	305	62	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	305	63	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	305	64	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	305	65	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	305	66	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	305	67	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	306	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	306	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	306	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	306	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	306	5	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	306	6	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	306	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	306	8	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	306	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	306	10	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	306	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	306	12	offsets	offset	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	306	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	306	14	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	306	15	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	306	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	307	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	307	2	instead	instead	RB
work_b3ftiyv34jhylmblxzqccxhcby	307	3	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	307	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	307	5	small	small	JJ
work_b3ftiyv34jhylmblxzqccxhcby	307	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	307	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	307	8	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	307	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	307	10	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	307	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	307	12	poorly	poorly	RB
work_b3ftiyv34jhylmblxzqccxhcby	307	13	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	307	14	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	307	15	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	307	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	307	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	307	18	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	307	19	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	307	20	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	307	21	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	307	22	realization	realization	NN
work_b3ftiyv34jhylmblxzqccxhcby	307	23	z2	z2	NN
work_b3ftiyv34jhylmblxzqccxhcby	307	24	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	307	25	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	307	26	likely	likely	JJ
work_b3ftiyv34jhylmblxzqccxhcby	307	27	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	307	28	come	come	VB
work_b3ftiyv34jhylmblxzqccxhcby	307	29	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	307	30	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	307	31	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	307	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	308	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	308	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	308	3	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	308	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	308	5	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	308	6	reinforces	reinforce	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	308	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	308	8	belief	belief	NN
work_b3ftiyv34jhylmblxzqccxhcby	308	9	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	308	10	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	308	11	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	308	12	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	308	13	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	308	14	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	308	15	affected	affect	VBD
work_b3ftiyv34jhylmblxzqccxhcby	308	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	308	17	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	308	18	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	308	19	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	308	20	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	308	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	308	22	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	308	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	308	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	308	25	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	308	26	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	308	27	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	308	28	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	308	29	realization	realization	NN
work_b3ftiyv34jhylmblxzqccxhcby	308	30	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	308	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	308	32	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	308	33	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	308	34	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	308	35	expectation	expectation	NN
work_b3ftiyv34jhylmblxzqccxhcby	308	36	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	308	37	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	308	38	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	308	39	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	308	40	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	308	41	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	308	42	>	>	NNP
work_b3ftiyv34jhylmblxzqccxhcby	308	43	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	308	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	308	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	309	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	309	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	309	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	309	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	309	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	309	6	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	309	7	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	309	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	309	9	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	309	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	309	11	adds	add	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	309	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	309	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	309	14	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	309	15	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	309	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	309	17	increasing	increase	VBG
work_b3ftiyv34jhylmblxzqccxhcby	309	18	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	309	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	310	1	22We	22we	CD
work_b3ftiyv34jhylmblxzqccxhcby	310	2	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	310	3	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	310	4	αP2	αp2	NN
work_b3ftiyv34jhylmblxzqccxhcby	310	5	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	310	6	αE2	αe2	NN
work_b3ftiyv34jhylmblxzqccxhcby	310	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	310	8	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	310	9	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	310	10	−αP2	−αP2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	310	11	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	310	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	310	13	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	310	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	310	15	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	310	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	310	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	311	1	23This	23this	CD
work_b3ftiyv34jhylmblxzqccxhcby	311	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	311	3	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	311	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	311	5	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	311	6	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	311	7	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	311	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	311	9	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	311	10	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	311	11	a1v	a1v	NNS
work_b3ftiyv34jhylmblxzqccxhcby	311	12	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	311	13	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	311	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	311	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	311	16	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	311	17	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	311	18	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	311	19	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	311	20	provides	provide	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	311	21	stronger	strong	JJR
work_b3ftiyv34jhylmblxzqccxhcby	311	22	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	311	23	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	311	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	311	25	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	311	26	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	311	27	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	311	28	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	311	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	312	1	19	19	CD
work_b3ftiyv34jhylmblxzqccxhcby	312	2	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	312	3	summary	summary	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	312	5	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	312	6	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	7	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	8	displays	display	NNS
work_b3ftiyv34jhylmblxzqccxhcby	312	9	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	312	11	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	312	12	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	13	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	312	14	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	312	15	retrospectively	retrospectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	312	16	reassess	reassess	VB
work_b3ftiyv34jhylmblxzqccxhcby	312	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	312	18	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	312	19	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	20	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	21	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	312	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	312	23	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	312	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	312	25	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	312	26	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	312	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	312	28	new	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	312	29	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	30	gathered	gather	VBD
work_b3ftiyv34jhylmblxzqccxhcby	312	31	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	312	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	312	33	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	312	34	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	312	36	affecting	affect	VBG
work_b3ftiyv34jhylmblxzqccxhcby	312	37	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	312	38	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	39	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	40	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	312	41	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	312	42	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	43	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	44	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	45	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	312	46	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	312	47	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	312	48	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	312	49	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	312	50	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	313	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	313	2	thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	313	3	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	313	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	313	5	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	313	6	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	313	7	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	313	8	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	313	9	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	313	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	314	1	24	24	CD
work_b3ftiyv34jhylmblxzqccxhcby	314	2	C	c	NN
work_b3ftiyv34jhylmblxzqccxhcby	314	3	Equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	314	4	characterization	characterization	NN
work_b3ftiyv34jhylmblxzqccxhcby	314	5	Short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	314	6	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	314	7	create	create	VBP
work_b3ftiyv34jhylmblxzqccxhcby	314	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	314	9	dependence	dependence	NN
work_b3ftiyv34jhylmblxzqccxhcby	314	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	314	11	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	314	12	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	314	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	314	14	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	314	15	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	314	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	314	17	p2	p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	314	18	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	314	19	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	314	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	314	21	generating	generate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	314	22	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	314	23	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	314	24	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	314	25	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	314	26	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	314	27	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	314	28	increases	increase	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	314	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	315	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	315	2	reason	reason	NN
work_b3ftiyv34jhylmblxzqccxhcby	315	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	315	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	315	5	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	315	6	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	315	7	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	315	8	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	315	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	315	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	315	11	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	315	12	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	315	13	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	315	14	according	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	315	15	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	315	16	X1(si	X1(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	315	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	315	18	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	315	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	315	20	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	315	21	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	315	22	Ei1[p2	Ei1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	315	23	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	315	24	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	315	25	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	315	26	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	315	27	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	315	28	⇒	⇒	CD
work_b3ftiyv34jhylmblxzqccxhcby	315	29	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	315	30	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	315	31	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	315	32	Weight	Weight	NNP
work_b3ftiyv34jhylmblxzqccxhcby	315	33	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	315	34	si	si	VB
work_b3ftiyv34jhylmblxzqccxhcby	315	35	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	315	36	Ei1[p2	Ei1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	315	37	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	315	38	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	315	39	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	315	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	316	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	316	2	19	19	CD
work_b3ftiyv34jhylmblxzqccxhcby	316	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	316	4	By	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	316	5	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	316	6	implication	implication	NN
work_b3ftiyv34jhylmblxzqccxhcby	316	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	316	8	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	316	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	316	10	directly	directly	RB
work_b3ftiyv34jhylmblxzqccxhcby	316	11	related	relate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	316	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	316	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	316	14	relevance	relevance	NN
work_b3ftiyv34jhylmblxzqccxhcby	316	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	316	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	316	17	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	316	18	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	316	19	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	316	20	forecast	forecast	VB
work_b3ftiyv34jhylmblxzqccxhcby	316	21	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	316	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	316	23	inversely	inversely	RB
work_b3ftiyv34jhylmblxzqccxhcby	316	24	related	related	JJ
work_b3ftiyv34jhylmblxzqccxhcby	316	25	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	316	26	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	316	27	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	316	28	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	316	29	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	316	30	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	316	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	317	1	Two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	317	2	effects	effect	NNS
work_b3ftiyv34jhylmblxzqccxhcby	317	3	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	317	4	present	present	JJ
work_b3ftiyv34jhylmblxzqccxhcby	317	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	317	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	317	7	contrary	contrary	RB
work_b3ftiyv34jhylmblxzqccxhcby	317	8	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	317	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	317	10	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	317	11	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	317	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	317	13	do	do	VBP
work_b3ftiyv34jhylmblxzqccxhcby	317	14	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	317	15	cancel	cancel	VB
work_b3ftiyv34jhylmblxzqccxhcby	317	16	each	each	DT
work_b3ftiyv34jhylmblxzqccxhcby	317	17	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	317	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	318	1	On	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	318	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	318	3	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	318	4	hand	hand	NN
work_b3ftiyv34jhylmblxzqccxhcby	318	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	318	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	318	7	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	318	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	318	9	usual	usual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	318	10	substitution	substitution	NN
work_b3ftiyv34jhylmblxzqccxhcby	318	11	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	318	12	whereby	whereby	WRB
work_b3ftiyv34jhylmblxzqccxhcby	318	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	318	14	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	318	15	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	318	16	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	318	17	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	318	18	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	318	19	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	318	20	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	318	21	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	318	22	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	318	23	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	318	24	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	318	25	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	318	26	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	318	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	318	28	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	318	29	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	318	30	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	318	31	τi1	τi1	NN
work_b3ftiyv34jhylmblxzqccxhcby	318	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	318	33	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	318	34	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	318	35	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	318	36	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	318	37	lower	low	JJR
work_b3ftiyv34jhylmblxzqccxhcby	318	38	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	318	39	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	318	40	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	318	41	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	318	42	τ	τ	CD
work_b3ftiyv34jhylmblxzqccxhcby	318	43	�	�	NNP
work_b3ftiyv34jhylmblxzqccxhcby	318	44	/τi1	/τi1	,
work_b3ftiyv34jhylmblxzqccxhcby	318	45	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	318	46	Ei1[p2	Ei1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	318	47	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	318	48	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	318	49	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	318	50	tends	tend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	318	51	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	318	52	depress	depress	VB
work_b3ftiyv34jhylmblxzqccxhcby	318	53	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	318	54	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	319	1	On	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	319	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	319	3	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	319	4	hand	hand	NN
work_b3ftiyv34jhylmblxzqccxhcby	319	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	319	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	319	7	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	319	8	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	319	9	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	319	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	319	11	larger	large	JJR
work_b3ftiyv34jhylmblxzqccxhcby	319	12	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	319	13	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	319	14	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	319	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	319	16	lower	low	JJR
work_b3ftiyv34jhylmblxzqccxhcby	319	17	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	319	18	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	319	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	319	20	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	319	21	tends	tend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	319	22	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	319	23	raise	raise	VB
work_b3ftiyv34jhylmblxzqccxhcby	319	24	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	319	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	320	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	320	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	320	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	320	4	source	source	NN
work_b3ftiyv34jhylmblxzqccxhcby	320	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	320	6	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	320	7	complementary	complementary	NN
work_b3ftiyv34jhylmblxzqccxhcby	320	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	320	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	320	10	responses	response	NNS
work_b3ftiyv34jhylmblxzqccxhcby	320	11	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	320	12	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	320	13	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	320	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	321	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	321	2	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	321	3	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	321	4	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	321	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	321	6	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	321	7	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	321	8	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	321	9	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	321	10	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	321	11	works	work	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	321	12	through	through	IN
work_b3ftiyv34jhylmblxzqccxhcby	321	13	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	321	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	322	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	322	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	322	3	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	322	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	322	5	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	322	6	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	322	7	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	322	8	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	322	9	interested	interested	JJ
work_b3ftiyv34jhylmblxzqccxhcby	322	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	322	11	forecasting	forecast	VBG
work_b3ftiyv34jhylmblxzqccxhcby	322	12	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	322	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	322	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	322	15	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	322	16	any	any	DT
work_b3ftiyv34jhylmblxzqccxhcby	322	17	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	322	18	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	322	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	322	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	322	21	extent	extent	NN
work_b3ftiyv34jhylmblxzqccxhcby	322	22	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	322	23	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	322	24	p2	p2	VB
work_b3ftiyv34jhylmblxzqccxhcby	322	25	differs	differ	NNS
work_b3ftiyv34jhylmblxzqccxhcby	322	26	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	322	27	p1	p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	322	28	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	322	29	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	322	30	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	322	31	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	322	32	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	322	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	322	34	16b	16b	NNS
work_b3ftiyv34jhylmblxzqccxhcby	322	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	322	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	322	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	323	1	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	323	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	323	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	323	4	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	323	5	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	323	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	323	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	323	8	absolute	absolute	JJ
work_b3ftiyv34jhylmblxzqccxhcby	323	9	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	323	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	323	11	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	323	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	323	13	ceteris	ceteris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	323	14	paribus	paribus	NNP
work_b3ftiyv34jhylmblxzqccxhcby	323	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	323	16	increase	increase	VBP
work_b3ftiyv34jhylmblxzqccxhcby	323	17	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	323	18	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	323	19	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	323	20	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	323	21	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	323	22	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	323	23	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	323	24	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	323	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	323	26	depress	depress	NNP
work_b3ftiyv34jhylmblxzqccxhcby	323	27	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	323	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	324	1	Recall	recall	VB
work_b3ftiyv34jhylmblxzqccxhcby	324	2	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	324	3	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	324	4	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	324	5	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	324	6	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	324	7	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	324	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	324	9	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	324	10	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	324	11	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	324	12	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	324	13	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	324	14	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	324	15	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	324	16	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	324	17	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	324	18	enough	enough	RB
work_b3ftiyv34jhylmblxzqccxhcby	324	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	324	20	implying	imply	VBG
work_b3ftiyv34jhylmblxzqccxhcby	324	21	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	324	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	324	23	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	324	24	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	324	25	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	324	26	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	324	27	offsets	offset	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	324	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	324	29	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	324	30	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	324	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	325	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	325	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	325	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	325	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	325	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	325	6	second-	second-	NN
work_b3ftiyv34jhylmblxzqccxhcby	325	7	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	325	8	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	325	9	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	325	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	325	11	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	325	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	325	13	small	small	JJ
work_b3ftiyv34jhylmblxzqccxhcby	325	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	325	15	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	325	16	diminishes	diminish	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	325	17	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	325	18	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	325	19	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	325	20	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	325	21	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	325	22	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	325	23	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	325	24	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	325	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	325	26	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	325	27	boosts	boost	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	325	28	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	325	29	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	325	30	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	325	31	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	325	32	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	325	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	326	1	Hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	326	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	326	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	326	4	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	326	5	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	326	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	326	7	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	326	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	326	9	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	326	10	dominates	dominate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	326	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	326	12	substitution	substitution	NN
work_b3ftiyv34jhylmblxzqccxhcby	326	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	326	14	first	first	RB
work_b3ftiyv34jhylmblxzqccxhcby	326	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	326	16	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	326	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	326	18	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	326	19	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	326	20	level	level	NN
work_b3ftiyv34jhylmblxzqccxhcby	326	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	326	22	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	326	23	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	326	24	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	326	25	sustained	sustain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	326	26	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	326	27	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	326	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	327	1	At	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	327	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	327	3	same	same	JJ
work_b3ftiyv34jhylmblxzqccxhcby	327	4	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	327	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	327	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	327	7	lower	low	JJR
work_b3ftiyv34jhylmblxzqccxhcby	327	8	level	level	NN
work_b3ftiyv34jhylmblxzqccxhcby	327	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	327	10	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	327	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	327	12	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	327	13	self	self	NN
work_b3ftiyv34jhylmblxzqccxhcby	327	14	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	327	15	fulfilling	fulfil	VBG
work_b3ftiyv34jhylmblxzqccxhcby	327	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	328	1	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	328	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	328	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	328	4	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	328	5	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	328	6	generates	generate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	328	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	328	8	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	328	9	τ1	τ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	328	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	328	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	328	12	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	328	13	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	328	14	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	328	15	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	328	16	p2	p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	328	17	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	328	18	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	328	19	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	328	20	makes	make	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	328	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	328	22	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	328	23	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	328	24	self	self	NN
work_b3ftiyv34jhylmblxzqccxhcby	328	25	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	328	26	fulfilling	fulfil	VBG
work_b3ftiyv34jhylmblxzqccxhcby	328	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	329	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	329	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	329	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	329	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	329	5	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	329	6	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	329	7	>	>	FW
work_b3ftiyv34jhylmblxzqccxhcby	329	8	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	329	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	329	10	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	329	11	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	329	12	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	329	13	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	329	14	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	329	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	329	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	329	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	329	18	24Retrospective	24retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	329	19	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	329	20	plays	play	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	329	21	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	329	22	anlaogous	anlaogous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	329	23	role	role	NN
work_b3ftiyv34jhylmblxzqccxhcby	329	24	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	329	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	329	26	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	329	27	adverse	adverse	NNP
work_b3ftiyv34jhylmblxzqccxhcby	329	28	fundamental	fundamental	JJ
work_b3ftiyv34jhylmblxzqccxhcby	329	29	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	329	30	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	329	31	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	329	32	Goldstein	Goldstein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	329	33	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	329	34	Yang	Yang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	329	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	329	36	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	329	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	329	38	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	330	1	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	330	2	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	330	3	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	330	4	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	330	5	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	330	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	330	7	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	330	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	330	9	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	330	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	330	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	330	12	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	330	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	330	14	augmenting	augment	VBG
work_b3ftiyv34jhylmblxzqccxhcby	330	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	330	16	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	330	17	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	330	18	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	330	19	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	330	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	331	1	Summarizing	summarizing	NN
work_b3ftiyv34jhylmblxzqccxhcby	331	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	331	3	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	331	4	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	331	5	willingness	willingness	NN
work_b3ftiyv34jhylmblxzqccxhcby	331	6	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	331	7	speculate	speculate	VB
work_b3ftiyv34jhylmblxzqccxhcby	331	8	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	331	9	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	331	10	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	331	11	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	331	12	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	331	13	de-	de-	RB
work_b3ftiyv34jhylmblxzqccxhcby	331	14	pends	pend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	331	15	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	331	16	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	331	17	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	331	18	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	331	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	331	20	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	331	21	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	331	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	331	23	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	331	24	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	331	25	affects	affect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	331	26	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	331	27	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	331	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	332	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	332	2	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	332	3	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	332	4	sided	sided	JJ
work_b3ftiyv34jhylmblxzqccxhcby	332	5	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	332	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	332	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	332	8	determination	determination	NN
work_b3ftiyv34jhylmblxzqccxhcby	332	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	332	10	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	332	11	gives	give	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	332	12	rise	rise	NN
work_b3ftiyv34jhylmblxzqccxhcby	332	13	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	332	14	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	332	15	complementarities	complementarity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	332	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	332	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	332	18	use	use	NN
work_b3ftiyv34jhylmblxzqccxhcby	332	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	332	20	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	332	21	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	332	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	332	23	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	332	24	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	332	25	yield	yield	VB
work_b3ftiyv34jhylmblxzqccxhcby	332	26	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	332	27	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	332	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	333	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	333	2	following	following	JJ
work_b3ftiyv34jhylmblxzqccxhcby	333	3	proposition	proposition	NN
work_b3ftiyv34jhylmblxzqccxhcby	333	4	characterizes	characterize	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	333	5	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	333	6	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	333	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	333	8	provides	provide	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	333	9	suffcient	suffcient	NN
work_b3ftiyv34jhylmblxzqccxhcby	333	10	conditions	condition	NNS
work_b3ftiyv34jhylmblxzqccxhcby	333	11	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	333	12	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	333	13	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	333	14	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	333	15	exist	exist	VB
work_b3ftiyv34jhylmblxzqccxhcby	333	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	334	1	Those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	334	2	conditions	condition	NNS
work_b3ftiyv34jhylmblxzqccxhcby	334	3	imply	imply	VBP
work_b3ftiyv34jhylmblxzqccxhcby	334	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	334	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	334	6	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	334	7	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	334	8	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	334	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	334	10	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	334	11	enough	enough	RB
work_b3ftiyv34jhylmblxzqccxhcby	334	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	335	1	Proposition	proposition	NN
work_b3ftiyv34jhylmblxzqccxhcby	335	2	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	335	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	336	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	336	2	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	336	3	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	336	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	336	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	337	1	•	•	VB
work_b3ftiyv34jhylmblxzqccxhcby	337	2	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	337	3	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	337	4	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	337	5	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	337	7	γ2τετu	γ2τετu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	8	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	337	9	2(2β	2(2β	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	10	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	11	1)/(3	1)/(3	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	12	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	13	2β	2β	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	337	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	337	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	337	17	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	337	18	≤	≤	JJ
work_b3ftiyv34jhylmblxzqccxhcby	337	19	τ̂η	τ̂η	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	337	21	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	337	22	some	some	DT
work_b3ftiyv34jhylmblxzqccxhcby	337	23	τ̂η	τ̂η	NN
work_b3ftiyv34jhylmblxzqccxhcby	337	24	>	>	NFP
work_b3ftiyv34jhylmblxzqccxhcby	337	25	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	26	defined	define	VBN
work_b3ftiyv34jhylmblxzqccxhcby	337	27	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	337	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	337	29	appendix	appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	337	31	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	337	32	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	337	33	A.13c	a.13c	ADD
work_b3ftiyv34jhylmblxzqccxhcby	337	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	337	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	337	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	337	37	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	337	38	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	337	39	exist	exist	VBP
work_b3ftiyv34jhylmblxzqccxhcby	337	40	at	at	RB
work_b3ftiyv34jhylmblxzqccxhcby	337	41	least	least	RBS
work_b3ftiyv34jhylmblxzqccxhcby	337	42	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	43	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	337	44	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	337	45	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	337	46	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	47	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	337	48	γτε	γτε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	49	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	337	50	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	51	∈{a∗1,a∗∗1	∈{a∗1,a∗∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	52	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	337	53	a∗∗∗1	a∗∗∗1	UH
work_b3ftiyv34jhylmblxzqccxhcby	337	54	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	337	55	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	337	56	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	337	57	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	58	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	59	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	337	60	0,a2	0,a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	61	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	337	62	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	337	63	a∗∗1	a∗∗1	CC
work_b3ftiyv34jhylmblxzqccxhcby	337	64	∈	∈	JJ
work_b3ftiyv34jhylmblxzqccxhcby	337	65	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	337	66	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	67	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	337	68	γτua2	γτua2	NN
work_b3ftiyv34jhylmblxzqccxhcby	337	69	γβτu	γβτu	NN
work_b3ftiyv34jhylmblxzqccxhcby	337	70	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	337	71	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	72	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	337	73	3γτua2	3γτua2	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	74	2γβτu	2γβτu	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	75	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	337	76	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	337	77	a∗∗∗1	a∗∗∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	337	78	>	>	NN
work_b3ftiyv34jhylmblxzqccxhcby	337	79	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	80	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	337	81	3γτua2	3γτua2	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	82	2γβτu	2γβτu	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	83	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	337	84	implying	imply	VBG
work_b3ftiyv34jhylmblxzqccxhcby	337	85	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	86	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	337	87	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	337	88	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	337	89	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	337	90	∗∗	∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	337	91	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	92	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	337	93	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	337	94	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	337	95	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	337	96	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	338	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	338	2	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	338	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	338	4			NN
work_b3ftiyv34jhylmblxzqccxhcby	338	5			VBP
work_b3ftiyv34jhylmblxzqccxhcby	338	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	338	7	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	338	8	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	338	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	338	10	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	338	11	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	338	12	−βa∗1	−βa∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	338	13	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	338	14	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	338	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	338	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	338	17	λ	λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	338	18	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	338	19	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	338	20	>	>	NN
work_b3ftiyv34jhylmblxzqccxhcby	338	21	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	338	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	338	23	a∗∗1	a∗∗1	CD
work_b3ftiyv34jhylmblxzqccxhcby	338	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	338	25	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	338	26	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	338	27	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	338	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	338	29	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	338	30	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	338	31	−βa∗∗1	−βa∗∗1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	338	32	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	338	33	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	338	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	338	35	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	338	36	λ	λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	338	37	∗∗	∗∗	SYM
work_b3ftiyv34jhylmblxzqccxhcby	338	38	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	338	39	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	338	40	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	338	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	339	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	339	2	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	339	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	339	4	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	339	5	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	339	6	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	339	7	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	339	8	τ∗n	τ∗n	NNP
work_b3ftiyv34jhylmblxzqccxhcby	339	9	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	339	10	τ	τ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	339	11	∗∗	∗∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	339	12	n	n	NN
work_b3ftiyv34jhylmblxzqccxhcby	339	13	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	339	14	τ	τ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	339	15	∗∗∗	∗∗∗	XX
work_b3ftiyv34jhylmblxzqccxhcby	339	16	n	n	NN
work_b3ftiyv34jhylmblxzqccxhcby	339	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	339	18	n	n	CC
work_b3ftiyv34jhylmblxzqccxhcby	339	19	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	339	20	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	339	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	339	22	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	339	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	340	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	340	2	21	21	LS
work_b3ftiyv34jhylmblxzqccxhcby	340	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	340	4	•	•	NN
work_b3ftiyv34jhylmblxzqccxhcby	340	5	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	340	6	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	340	7	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	340	8	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	340	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	340	10	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	340	11	exists	exist	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	340	12	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	340	13	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	340	14	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	340	15	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	340	16	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	340	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	340	18	γτε	γτε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	340	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	340	20	γ2a2τu(a	γ2a2τu(a	NNP
work_b3ftiyv34jhylmblxzqccxhcby	340	21	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	340	22	2τu	2τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	340	23	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	340	24	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	340	25	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	340	26	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	340	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	340	28	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	340	29	+	+	CD
work_b3ftiyv34jhylmblxzqccxhcby	340	30	γ2τu(a	γ2τu(a	NN
work_b3ftiyv34jhylmblxzqccxhcby	340	31	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	340	32	2τu	2τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	340	33	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	340	34	2τε	2τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	340	35	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	340	36	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	340	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	340	38	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	340	39	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	340	40	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	340	41	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	340	42	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	340	43	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	340	44	λ∗2	λ∗2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	340	45	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	340	46	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	340	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	341	1	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	341	2	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	341	3	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	341	4	proposition	proposition	NN
work_b3ftiyv34jhylmblxzqccxhcby	341	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	341	6	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	341	7	requires	require	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	341	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	341	9	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	341	10	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	341	11	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	341	12	strongly	strongly	RB
work_b3ftiyv34jhylmblxzqccxhcby	341	13	reflected	reflect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	341	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	341	15	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	341	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	341	17	γ2τετu	γ2τετu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	341	18	>	>	NN
work_b3ftiyv34jhylmblxzqccxhcby	341	19	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	341	20	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	341	21	sufficient	sufficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	341	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	341	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	341	24	persistence	persistence	NNP
work_b3ftiyv34jhylmblxzqccxhcby	341	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	341	26	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	341	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	341	28	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	341	29	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	341	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	341	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	341	32	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	341	33	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	341	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	341	35	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	341	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	341	37	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	341	38	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	341	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	342	1	All	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	342	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	342	3	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	342	4	conditions	condition	NNS
work_b3ftiyv34jhylmblxzqccxhcby	342	5	strengthen	strengthen	VBP
work_b3ftiyv34jhylmblxzqccxhcby	342	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	342	7	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	342	8	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	342	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	342	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	342	11	de-	de-	RB
work_b3ftiyv34jhylmblxzqccxhcby	342	12	scribed	scribed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	342	13	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	342	14	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	342	15	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	342	16	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	342	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	343	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	343	2	contrario	contrario	NN
work_b3ftiyv34jhylmblxzqccxhcby	343	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	343	4	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	343	5	example	example	NN
work_b3ftiyv34jhylmblxzqccxhcby	343	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	343	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	343	8	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	343	9	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	343	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	343	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	343	12	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	343	13	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	343	14	makes	make	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	343	15	p2	p2	VBP
work_b3ftiyv34jhylmblxzqccxhcby	343	16	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	343	17	dependent	dependent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	343	18	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	343	19	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	343	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	343	21	less	less	JJR
work_b3ftiyv34jhylmblxzqccxhcby	343	22	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	343	23	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	343	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	343	25	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	343	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	343	27	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	343	28	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	343	29	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	343	30	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	343	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	343	32	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	343	33	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	343	34	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	343	35	p2	p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	343	36	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	343	37	lessened	lessen	VBN
work_b3ftiyv34jhylmblxzqccxhcby	343	38	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	344	1	21	21	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	2	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	3	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	4	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	5	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	6	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	7	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	8	a1	a1	NN
work_b3ftiyv34jhylmblxzqccxhcby	344	9	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	10	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	11	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	12	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	13	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	14	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	15	Ψ	Ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	16	�	�	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	17	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	18	�	�	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	19	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	20	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	21	IIE	IIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	22	Figure	Figure	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	23	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	24	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	344	25	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	344	26	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	344	27	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	344	28	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	344	29	mapping	mapping	NN
work_b3ftiyv34jhylmblxzqccxhcby	344	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	344	31	22	22	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	344	33	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	344	34	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	35	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	344	36	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	344	38	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	39	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	344	40	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	41	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	344	42	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	43	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	344	44	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	45	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	344	46	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	47	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	344	48	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	344	49	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	344	50	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	51	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	344	52	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	344	53	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	344	54	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	344	55	7.5	7.5	CD
work_b3ftiyv34jhylmblxzqccxhcby	344	56	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	345	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	345	2	view	view	NN
work_b3ftiyv34jhylmblxzqccxhcby	345	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	345	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	345	5	21	21	CD
work_b3ftiyv34jhylmblxzqccxhcby	345	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	345	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	345	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	345	9	refer	refer	VBP
work_b3ftiyv34jhylmblxzqccxhcby	345	10	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	345	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	345	12	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	345	13	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	345	14	described	describe	VBN
work_b3ftiyv34jhylmblxzqccxhcby	345	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	345	16	Proposition	Proposition	NNP
work_b3ftiyv34jhylmblxzqccxhcby	345	17	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	345	18	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	345	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	345	20	respec-	respec-	NN
work_b3ftiyv34jhylmblxzqccxhcby	345	21	tively	tively	RB
work_b3ftiyv34jhylmblxzqccxhcby	345	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	345	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	345	24	low-	low-	NN
work_b3ftiyv34jhylmblxzqccxhcby	345	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	345	26	intermediate-	intermediate-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	345	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	345	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	345	29	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	345	30	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	345	31	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	345	32	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	345	33	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	345	34	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	345	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	345	36	IIE	IIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	345	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	345	38	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	345	39	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	345	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	346	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	346	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	346	3	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	346	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	346	5	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	346	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	346	7	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	346	8	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	346	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	346	10	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	346	11	responsiveness	responsiveness	NN
work_b3ftiyv34jhylmblxzqccxhcby	346	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	346	13	obtained	obtain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	346	14	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	346	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	346	16	fixed	fix	VBN
work_b3ftiyv34jhylmblxzqccxhcby	346	17	point	point	NN
work_b3ftiyv34jhylmblxzqccxhcby	346	18	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	346	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	346	20	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	346	21	function	function	NN
work_b3ftiyv34jhylmblxzqccxhcby	346	22	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	346	23	ψ(a1	ψ(a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	346	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	346	25	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	346	26	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	346	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	346	28	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	346	29	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	346	30	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	346	31	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	346	32	τi2)αE1	τi2)αE1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	346	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	346	34	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	346	35	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	346	36	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	346	37	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	346	38	τi2)2	τi2)2	JJ
work_b3ftiyv34jhylmblxzqccxhcby	346	39	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	346	40	τi1	τi1	NN
work_b3ftiyv34jhylmblxzqccxhcby	346	41	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	346	42	λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	346	43	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	346	44	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	346	45	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	346	46	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	346	47	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	346	48	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	346	49	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	346	50	τ	τ	NN
work_b3ftiyv34jhylmblxzqccxhcby	346	51	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	346	52	i2	i2	NN
work_b3ftiyv34jhylmblxzqccxhcby	346	53	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	347	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	347	2	22	22	CD
work_b3ftiyv34jhylmblxzqccxhcby	347	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	347	4	Numerical	numerical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	347	5	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	347	6	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	347	7	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	347	8	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	347	9	function	function	NN
work_b3ftiyv34jhylmblxzqccxhcby	347	10	crosses	cross	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	347	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	347	12	45-degree	45-degree	CD
work_b3ftiyv34jhylmblxzqccxhcby	347	13	line	line	NN
work_b3ftiyv34jhylmblxzqccxhcby	347	14	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	347	15	most	most	RBS
work_b3ftiyv34jhylmblxzqccxhcby	347	16	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	347	17	times	time	NNS
work_b3ftiyv34jhylmblxzqccxhcby	347	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	347	19	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	347	20	suggests	suggest	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	347	21	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	347	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	347	23	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	347	24	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	347	25	described	describe	VBN
work_b3ftiyv34jhylmblxzqccxhcby	347	26	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	347	27	Proposition	Proposition	NNP
work_b3ftiyv34jhylmblxzqccxhcby	347	28	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	347	29	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	347	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	347	31	only	only	JJ
work_b3ftiyv34jhylmblxzqccxhcby	347	32	ones	one	NNS
work_b3ftiyv34jhylmblxzqccxhcby	347	33	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	347	34	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	347	35	arise	arise	VB
work_b3ftiyv34jhylmblxzqccxhcby	347	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	347	37	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	347	38	Figure	Figure	NNP
work_b3ftiyv34jhylmblxzqccxhcby	347	39	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	347	40	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	347	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	348	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	348	2	numerical	numerical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	348	3	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	348	4	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	348	5	further	far	RBR
work_b3ftiyv34jhylmblxzqccxhcby	348	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	348	7	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	348	8	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	348	9	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	348	10	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	348	11	ranked	rank	VBN
work_b3ftiyv34jhylmblxzqccxhcby	348	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	348	13	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	348	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	348	15	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	348	16	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	348	17	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	348	18	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	348	19	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	348	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	348	21	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	348	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	348	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	348	24	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	348	25	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	348	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	348	27	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	348	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	348	29	Λn	λn	UH
work_b3ftiyv34jhylmblxzqccxhcby	348	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	348	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	348	32	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	348	33	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	348	34	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	348	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	348	36	Var1[p2	Var1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	348	37	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	348	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	348	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	349	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	349	2	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	349	3	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	349	4	gives	give	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	349	5	more	more	JJR
work_b3ftiyv34jhylmblxzqccxhcby	349	6	details	detail	NNS
work_b3ftiyv34jhylmblxzqccxhcby	349	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	350	1	Numerical	Numerical	NNP
work_b3ftiyv34jhylmblxzqccxhcby	350	2	Result	Result	NNP
work_b3ftiyv34jhylmblxzqccxhcby	350	3	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	350	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	351	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	351	2	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	351	3	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	351	4	arise	arise	VBP
work_b3ftiyv34jhylmblxzqccxhcby	351	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	351	6	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	351	7	inequalities	inequality	NNS
work_b3ftiyv34jhylmblxzqccxhcby	351	8	hold	hold	VBP
work_b3ftiyv34jhylmblxzqccxhcby	351	9	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	351	10	λ∗2	λ∗2	JJ
work_b3ftiyv34jhylmblxzqccxhcby	351	11	>	>	NFP
work_b3ftiyv34jhylmblxzqccxhcby	351	12	|λ	|λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	351	13	∗∗	∗∗	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	351	14	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	351	15	|	|	CD
work_b3ftiyv34jhylmblxzqccxhcby	351	16	>	>	NN
work_b3ftiyv34jhylmblxzqccxhcby	351	17	|λ	|λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	351	18	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	351	19	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	351	20	|	|	CD
work_b3ftiyv34jhylmblxzqccxhcby	351	21	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	351	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	351	23	23a	23a	NNS
work_b3ftiyv34jhylmblxzqccxhcby	351	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	351	25	Λ∗n	Λ∗n	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	351	26	>	>	NFP
work_b3ftiyv34jhylmblxzqccxhcby	351	27	Λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	351	28	∗∗	∗∗	NNS
work_b3ftiyv34jhylmblxzqccxhcby	351	29	n	n	NN
work_b3ftiyv34jhylmblxzqccxhcby	351	30	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	351	31	Λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	351	32	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	351	33	n	n	XX
work_b3ftiyv34jhylmblxzqccxhcby	351	34	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	351	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	351	36	23b	23b	LS
work_b3ftiyv34jhylmblxzqccxhcby	351	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	351	38	Var1[p2	Var1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	351	39	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	351	40	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	351	41	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	351	42	Var1[p2	Var1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	351	43	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	351	44	∗∗	∗∗	ADD
work_b3ftiyv34jhylmblxzqccxhcby	351	45	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	351	46	Var1[p2	Var1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	351	47	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	351	48	∗∗∗.	∗∗∗.	.
work_b3ftiyv34jhylmblxzqccxhcby	352	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	352	2	23c	23c	NNS
work_b3ftiyv34jhylmblxzqccxhcby	352	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	352	4	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	352	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	352	6	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	352	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	352	8	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	352	9	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	352	10	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	352	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	352	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	352	13	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	352	14	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	352	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	352	16	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	352	17	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	352	18	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	352	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	353	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	353	2	22	22	CD
work_b3ftiyv34jhylmblxzqccxhcby	353	3	finding	finding	NN
work_b3ftiyv34jhylmblxzqccxhcby	353	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	353	5	consistent	consistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	353	6	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	353	7	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	353	8	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	353	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	353	10	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	353	11	revising	revise	VBG
work_b3ftiyv34jhylmblxzqccxhcby	353	12	downward	downward	RB
work_b3ftiyv34jhylmblxzqccxhcby	353	13	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	353	14	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	353	15	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	353	16	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	353	17	as-	as-	NN
work_b3ftiyv34jhylmblxzqccxhcby	353	18	sessment	sessment	NN
work_b3ftiyv34jhylmblxzqccxhcby	353	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	353	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	353	21	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	353	22	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	353	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	353	24	presence	presence	NN
work_b3ftiyv34jhylmblxzqccxhcby	353	25	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	353	26	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	353	27	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	353	28	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	353	29	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	353	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	353	31	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	353	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	353	33	engaging	engage	VBG
work_b3ftiyv34jhylmblxzqccxhcby	353	34	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	353	35	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	353	36	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	353	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	353	38	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	354	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	354	2	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	354	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	354	4	consistent	consistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	354	5	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	354	6	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	354	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	354	8	findings	finding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	354	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	354	10	some	some	DT
work_b3ftiyv34jhylmblxzqccxhcby	354	11	spread	spread	VBN
work_b3ftiyv34jhylmblxzqccxhcby	354	12	decomposition	decomposition	NN
work_b3ftiyv34jhylmblxzqccxhcby	354	13	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	354	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	354	15	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	354	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	354	17	Huang	Huang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	354	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	354	19	Stoll	Stoll	NNP
work_b3ftiyv34jhylmblxzqccxhcby	354	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	354	21	1997	1997	CD
work_b3ftiyv34jhylmblxzqccxhcby	354	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	354	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	354	24	Van	Van	NNP
work_b3ftiyv34jhylmblxzqccxhcby	354	25	Ness	Ness	NNP
work_b3ftiyv34jhylmblxzqccxhcby	354	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	354	27	Van	Van	NNP
work_b3ftiyv34jhylmblxzqccxhcby	354	28	Ness	Ness	NNP
work_b3ftiyv34jhylmblxzqccxhcby	354	29	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	354	30	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	354	31	Warr	Warr	NNP
work_b3ftiyv34jhylmblxzqccxhcby	354	32	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	354	33	2001	2001	CD
work_b3ftiyv34jhylmblxzqccxhcby	354	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	354	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	354	36	Henker	Henker	NNP
work_b3ftiyv34jhylmblxzqccxhcby	354	37	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	354	38	Wang	Wang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	354	39	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	354	40	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	354	41	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	354	42	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	354	43	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	354	44	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	354	45	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	354	46	adverse	adverse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	354	47	selection	selection	NN
work_b3ftiyv34jhylmblxzqccxhcby	354	48	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	354	49	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	354	50	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	354	51	spread	spread	NN
work_b3ftiyv34jhylmblxzqccxhcby	354	52	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	354	53	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	354	54	negative.25	negative.25	NNP
work_b3ftiyv34jhylmblxzqccxhcby	354	55	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	354	56	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	354	57	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	354	58	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	354	59	provides	provide	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	354	60	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	354	61	theoretical	theoretical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	354	62	justification	justification	NN
work_b3ftiyv34jhylmblxzqccxhcby	354	63	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	354	64	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	354	65	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	354	66	finding	finding	NN
work_b3ftiyv34jhylmblxzqccxhcby	354	67	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	355	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	355	2	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	3	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	355	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	355	5	display	display	VBP
work_b3ftiyv34jhylmblxzqccxhcby	355	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	355	7	effects	effect	NNS
work_b3ftiyv34jhylmblxzqccxhcby	355	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	355	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	355	10	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	355	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	355	13	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	355	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	355	15	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	355	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	355	17	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	355	18	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	19	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	355	21	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	355	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	355	24	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	25	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	355	26	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	355	27	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	28	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	29	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	355	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	355	31	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	355	32	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	355	34	22).26	22).26	CD
work_b3ftiyv34jhylmblxzqccxhcby	355	35	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	355	36	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	355	37	graphs	graphs	JJ
work_b3ftiyv34jhylmblxzqccxhcby	355	38	show	show	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	355	40	uniqueness	uniqueness	JJ
work_b3ftiyv34jhylmblxzqccxhcby	355	41	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	355	42	occurs	occur	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	355	43	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	355	44	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	355	45	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	355	46	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	355	47	requires	require	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	355	48	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	355	49	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	355	50	pre-	pre-	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	51	cision	cision	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	52	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	355	53	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	355	54	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	355	55	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	56	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	355	57	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	58	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	355	59	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	355	60	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	61	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	355	62	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	355	63	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	355	64	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	356	1	Intuitively	intuitively	RB
work_b3ftiyv34jhylmblxzqccxhcby	356	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	356	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	356	4	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	356	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	356	6	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	356	7	cases	case	NNS
work_b3ftiyv34jhylmblxzqccxhcby	356	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	356	9	endogenous	endogenous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	356	10	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	356	11	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	356	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	356	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	356	14	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	356	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	356	16	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	356	17	relatively	relatively	RB
work_b3ftiyv34jhylmblxzqccxhcby	356	18	less	less	RBR
work_b3ftiyv34jhylmblxzqccxhcby	356	19	in-	in-	RB
work_b3ftiyv34jhylmblxzqccxhcby	356	20	formative	formative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	356	21	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	356	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	356	23	exogenous	exogenous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	356	24	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	356	25	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	356	26	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	356	27	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	356	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	356	29	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	356	30	leading	lead	VBG
work_b3ftiyv34jhylmblxzqccxhcby	356	31	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	356	32	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	356	33	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	356	34	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	356	35	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	356	36	rely	rely	VB
work_b3ftiyv34jhylmblxzqccxhcby	356	37	less	less	RBR
work_b3ftiyv34jhylmblxzqccxhcby	356	38	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	356	39	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	356	40	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	356	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	357	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	357	2	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	357	3	weakens	weaken	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	357	4	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	357	5	complementarity	complementarity	NN
work_b3ftiyv34jhylmblxzqccxhcby	357	6	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	357	7	softening	soften	VBG
work_b3ftiyv34jhylmblxzqccxhcby	357	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	357	9	self	self	NN
work_b3ftiyv34jhylmblxzqccxhcby	357	10	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	357	11	reinforcing	reinforce	VBG
work_b3ftiyv34jhylmblxzqccxhcby	357	12	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	357	13	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	357	14	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	357	15	resulting	result	VBG
work_b3ftiyv34jhylmblxzqccxhcby	357	16	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	357	17	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	357	18	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	357	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	357	20	thereby	thereby	RB
work_b3ftiyv34jhylmblxzqccxhcby	357	21	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	357	22	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	357	23	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	357	24	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	357	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	358	1	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	358	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	358	3	worth	worth	JJ
work_b3ftiyv34jhylmblxzqccxhcby	358	4	noting	note	VBG
work_b3ftiyv34jhylmblxzqccxhcby	358	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	358	6	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	358	7	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	358	8	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	358	9	checked	check	VBN
work_b3ftiyv34jhylmblxzqccxhcby	358	10	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	358	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	358	12	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	358	13	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	358	14	ψ	ψ	NN
work_b3ftiyv34jhylmblxzqccxhcby	358	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	358	16	·	·	NFP
work_b3ftiyv34jhylmblxzqccxhcby	358	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	358	18	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	358	19	downward	downward	JJ
work_b3ftiyv34jhylmblxzqccxhcby	358	20	sloping	sloping	NN
work_b3ftiyv34jhylmblxzqccxhcby	358	21	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	358	22	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	358	23	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	358	24	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	358	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	359	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	359	2	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	359	3	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	359	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	359	5	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	359	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	359	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	359	8	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	359	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	359	10	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	359	11	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	359	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	359	13	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	359	14	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	359	15	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	359	16	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	359	17	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	359	18	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	359	19	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	359	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	359	21	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	359	22	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	359	23	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	359	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	360	1	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	360	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	360	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	360	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	360	5	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	360	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	360	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	360	8	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	360	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	360	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	360	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	360	12	larger	large	JJR
work_b3ftiyv34jhylmblxzqccxhcby	360	13	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	360	14	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	360	15	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	360	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	360	17	decrease	decrease	NN
work_b3ftiyv34jhylmblxzqccxhcby	360	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	360	19	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	360	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	360	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	360	22	increase	increase	VB
work_b3ftiyv34jhylmblxzqccxhcby	360	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	360	24	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	360	25	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	360	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	361	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	361	2	reason	reason	NN
work_b3ftiyv34jhylmblxzqccxhcby	361	3	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	361	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	361	5	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	361	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	361	7	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	361	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	361	9	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	361	10	precise	precise	JJ
work_b3ftiyv34jhylmblxzqccxhcby	361	11	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	361	12	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	361	13	reduces	reduce	NNS
work_b3ftiyv34jhylmblxzqccxhcby	361	14	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	361	15	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	361	16	reliance	reliance	NN
work_b3ftiyv34jhylmblxzqccxhcby	361	17	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	361	18	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	361	19	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	361	20	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	361	21	forecasting	forecast	VBG
work_b3ftiyv34jhylmblxzqccxhcby	361	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	361	23	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	361	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	362	1	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	362	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	362	3	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	362	4	both	both	DT
work_b3ftiyv34jhylmblxzqccxhcby	362	5	equilibria	equilibria	NNP
work_b3ftiyv34jhylmblxzqccxhcby	362	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	362	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	362	8	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	362	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	362	10	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	362	11	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	362	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	362	13	weaker	weak	JJR
work_b3ftiyv34jhylmblxzqccxhcby	362	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	362	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	362	16	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	362	17	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	362	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	363	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	363	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	363	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	363	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	363	5	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	363	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	363	7	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	363	8	weakened	weaken	VBN
work_b3ftiyv34jhylmblxzqccxhcby	363	9	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	363	10	increases	increase	NNS
work_b3ftiyv34jhylmblxzqccxhcby	363	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	363	12	decreases	decrease	NNS
work_b3ftiyv34jhylmblxzqccxhcby	363	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	363	14	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	363	15	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	363	16	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	363	17	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	363	18	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	363	19	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	363	20	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	363	21	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	363	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	363	23	leading	lead	VBG
work_b3ftiyv34jhylmblxzqccxhcby	363	24	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	363	25	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	363	26	decrease	decrease	NN
work_b3ftiyv34jhylmblxzqccxhcby	363	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	363	28	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	363	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	363	30	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	363	31	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	363	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	364	1	27	27	CD
work_b3ftiyv34jhylmblxzqccxhcby	364	2	25It	25it	CD
work_b3ftiyv34jhylmblxzqccxhcby	364	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	364	4	worth	worth	JJ
work_b3ftiyv34jhylmblxzqccxhcby	364	5	noting	note	VBG
work_b3ftiyv34jhylmblxzqccxhcby	364	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	364	7	Huang	Huang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	364	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	364	9	Stoll	Stoll	NNP
work_b3ftiyv34jhylmblxzqccxhcby	364	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	364	11	1997	1997	CD
work_b3ftiyv34jhylmblxzqccxhcby	364	12	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	364	13	assumes	assume	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	364	14	uninformed	uninformed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	364	15	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	364	16	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	364	17	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	364	18	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	364	19	generated	generate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	364	20	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	364	21	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	364	22	AR(1	AR(1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	364	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	364	24	process	process	NN
work_b3ftiyv34jhylmblxzqccxhcby	364	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	364	26	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	364	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	364	28	estimated	estimate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	364	29	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	364	30	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	364	31	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	364	32	process	process	NN
work_b3ftiyv34jhylmblxzqccxhcby	364	33	turns	turn	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	364	34	out	out	RP
work_b3ftiyv34jhylmblxzqccxhcby	364	35	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	364	36	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	364	37	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	364	38	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	364	39	close	close	JJ
work_b3ftiyv34jhylmblxzqccxhcby	364	40	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	364	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	365	1	Negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	365	2	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	365	3	components	component	NNS
work_b3ftiyv34jhylmblxzqccxhcby	365	4	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	365	5	occur	occur	VBP
work_b3ftiyv34jhylmblxzqccxhcby	365	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	365	7	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	365	8	spread	spread	NN
work_b3ftiyv34jhylmblxzqccxhcby	365	9	decomposition	decomposition	NN
work_b3ftiyv34jhylmblxzqccxhcby	365	10	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	365	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	366	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	366	2	example	example	NN
work_b3ftiyv34jhylmblxzqccxhcby	366	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	366	4	Hamm	Hamm	NNP
work_b3ftiyv34jhylmblxzqccxhcby	366	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	366	6	2014	2014	CD
work_b3ftiyv34jhylmblxzqccxhcby	366	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	366	8	investigates	investigate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	366	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	366	10	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	366	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	366	12	exchange	exchange	NN
work_b3ftiyv34jhylmblxzqccxhcby	366	13	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	366	14	traded	trade	VBN
work_b3ftiyv34jhylmblxzqccxhcby	366	15	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	366	16	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	366	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	366	18	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	366	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	366	20	underlying	underlie	VBG
work_b3ftiyv34jhylmblxzqccxhcby	366	21	stocks	stock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	366	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	366	23	estimates	estimate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	366	24	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	366	25	spread	spread	VBN
work_b3ftiyv34jhylmblxzqccxhcby	366	26	decomposition	decomposition	NN
work_b3ftiyv34jhylmblxzqccxhcby	366	27	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	366	28	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	366	29	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	366	30	Madhavan	Madhavan	NNP
work_b3ftiyv34jhylmblxzqccxhcby	366	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	366	32	Richardson	Richardson	NNP
work_b3ftiyv34jhylmblxzqccxhcby	366	33	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	366	34	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	366	35	Roomans	Roomans	NNP
work_b3ftiyv34jhylmblxzqccxhcby	366	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	366	37	1997	1997	CD
work_b3ftiyv34jhylmblxzqccxhcby	366	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	366	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	367	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	367	2	several	several	JJ
work_b3ftiyv34jhylmblxzqccxhcby	367	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	367	4	her	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	367	5	findings	finding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	367	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	367	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	367	8	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	367	9	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	367	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	367	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	367	12	spread	spread	NN
work_b3ftiyv34jhylmblxzqccxhcby	367	13	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	367	14	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	367	15	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	367	16	leading	lead	VBG
work_b3ftiyv34jhylmblxzqccxhcby	367	17	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	367	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	367	19	exclusion	exclusion	NN
work_b3ftiyv34jhylmblxzqccxhcby	367	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	367	21	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	367	22	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	367	23	out	out	RB
work_b3ftiyv34jhylmblxzqccxhcby	367	24	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	367	25	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	367	26	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	367	27	range	range	NN
work_b3ftiyv34jhylmblxzqccxhcby	367	28	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	367	29	observations	observation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	367	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	368	1	See	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	368	2	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	368	3	Foucault	Foucault	NNP
work_b3ftiyv34jhylmblxzqccxhcby	368	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	368	5	Pagano	Pagano	NNP
work_b3ftiyv34jhylmblxzqccxhcby	368	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	368	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	368	8	Röell	Röell	NNP
work_b3ftiyv34jhylmblxzqccxhcby	368	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	368	10	2013	2013	CD
work_b3ftiyv34jhylmblxzqccxhcby	368	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	368	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	368	13	Ch	Ch	NNP
work_b3ftiyv34jhylmblxzqccxhcby	368	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	369	1	5.2.2	5.2.2	CD
work_b3ftiyv34jhylmblxzqccxhcby	369	2	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	370	1	26Public	26public	CD
work_b3ftiyv34jhylmblxzqccxhcby	370	2	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	370	3	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	370	4	little	little	JJ
work_b3ftiyv34jhylmblxzqccxhcby	370	5	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	370	6	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	370	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	370	8	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	370	9	ex	ex	NNP
work_b3ftiyv34jhylmblxzqccxhcby	370	10	ante	ante	NNP
work_b3ftiyv34jhylmblxzqccxhcby	370	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	370	12	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	370	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	370	14	degree	degree	NN
work_b3ftiyv34jhylmblxzqccxhcby	370	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	370	16	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	370	17	tolerance	tolerance	NN
work_b3ftiyv34jhylmblxzqccxhcby	370	18	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	370	19	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	370	20	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	370	21	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	370	22	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	370	23	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	370	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	370	25	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	370	26	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	370	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	371	1	27Along	27along	CD
work_b3ftiyv34jhylmblxzqccxhcby	371	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	371	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	371	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	371	5	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	371	6	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	371	7	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	371	8	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	371	9	facing	face	VBG
work_b3ftiyv34jhylmblxzqccxhcby	371	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	371	11	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	371	12	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	371	13	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	371	14	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	371	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	371	16	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	371	17	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	371	18	adjust	adjust	VB
work_b3ftiyv34jhylmblxzqccxhcby	371	19	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	371	20	estimate	estimate	NN
work_b3ftiyv34jhylmblxzqccxhcby	371	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	371	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	371	23	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	371	24	downward	downward	RB
work_b3ftiyv34jhylmblxzqccxhcby	371	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	371	26	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	371	27	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	371	28	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	371	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	371	30	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	371	31	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	371	32	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	371	33	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	371	34	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	371	35	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	371	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	372	1	Other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	372	2	things	thing	NNS
work_b3ftiyv34jhylmblxzqccxhcby	372	3	equal	equal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	372	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	372	5	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	372	6	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	372	7	precise	precise	JJ
work_b3ftiyv34jhylmblxzqccxhcby	372	8	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	372	9	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	372	10	reduces	reduce	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	372	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	372	12	absolute	absolute	JJ
work_b3ftiyv34jhylmblxzqccxhcby	372	13	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	372	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	372	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	372	16	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	372	17	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	372	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	372	19	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	372	20	works	work	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	372	21	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	372	22	increase	increase	VB
work_b3ftiyv34jhylmblxzqccxhcby	372	23	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	372	24	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	372	25	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	372	26	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	372	27	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	372	28	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	372	29	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	372	30	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	372	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	373	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	373	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	373	3	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	373	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	373	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	373	6	converse	converse	NN
work_b3ftiyv34jhylmblxzqccxhcby	373	7	statement	statement	NN
work_b3ftiyv34jhylmblxzqccxhcby	373	8	holds	hold	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	373	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	374	1	23	23	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	2	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	3	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	4	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	5	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	6	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	7	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	8	a1	a1	NN
work_b3ftiyv34jhylmblxzqccxhcby	374	9	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	10	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	11	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	12	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	13	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	14	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	15	ΨHa1	ΨHa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	16	L	L	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	17	ΤΗ	ΤΗ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	374	19	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	20	ΤΗ	ΤΗ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	21	=3	=3	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	374	23	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	374	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	374	25	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	26	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	27	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	28	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	29	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	30	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	31	a1	a1	NN
work_b3ftiyv34jhylmblxzqccxhcby	374	32	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	33	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	34	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	35	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	36	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	37	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	38	ΨHa1	ΨHa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	39	L	L	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	40	ΤΕ	ΤΕ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	41	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	374	42	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	43	ΤΕ	ΤΕ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	44	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	374	45	7.5	7.5	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	46	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	374	47	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	374	48	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	374	49	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	50	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	51	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	52	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	53	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	54	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	55	a1	a1	NN
work_b3ftiyv34jhylmblxzqccxhcby	374	56	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	57	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	58	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	59	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	60	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	61	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	62	ΨHa1	ΨHa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	63	L	L	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	64	Β=.7	Β=.7	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	65	Β=1	Β=1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	66	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	374	67	c	c	NN
work_b3ftiyv34jhylmblxzqccxhcby	374	68	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	374	69	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	70	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	71	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	72	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	73	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	74	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	75	a1	a1	NN
work_b3ftiyv34jhylmblxzqccxhcby	374	76	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	77	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	78	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	79	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	80	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	81	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	82	ΨHa1	ΨHa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	83	L	L	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	84	Τu	Τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	85	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	374	86	3.5	3.5	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	87	Τu	Τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	374	88	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	374	89	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	90	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	374	91	d	d	NN
work_b3ftiyv34jhylmblxzqccxhcby	374	92	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	374	93	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	374	94	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	374	95	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	374	96	Comparative	comparative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	374	97	statics	static	NNS
work_b3ftiyv34jhylmblxzqccxhcby	374	98	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	375	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	375	2	plot	plot	VBP
work_b3ftiyv34jhylmblxzqccxhcby	375	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	375	4	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	375	5	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	375	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	375	7	22	22	CD
work_b3ftiyv34jhylmblxzqccxhcby	375	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	375	9	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	375	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	375	11	parameters	parameter	NNS
work_b3ftiyv34jhylmblxzqccxhcby	375	12	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	375	13	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	375	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	375	15	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	375	16	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	375	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	375	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	375	19	orange	orange	NNP
work_b3ftiyv34jhylmblxzqccxhcby	375	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	375	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	375	22	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	375	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	375	24	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	375	25	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	375	26	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	375	27	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	375	28	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	375	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	375	30	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	375	31	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	375	32	τη	τη	NNP
work_b3ftiyv34jhylmblxzqccxhcby	375	33	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	375	34	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	375	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	375	36	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	375	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	375	38	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	375	39	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	375	40	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	375	41	dashed	dash	VBN
work_b3ftiyv34jhylmblxzqccxhcby	375	42	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	375	43	blue	blue	JJ
work_b3ftiyv34jhylmblxzqccxhcby	375	44	curve	curve	NN
work_b3ftiyv34jhylmblxzqccxhcby	375	45	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	375	46	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	376	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	376	2	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	376	4	a	a	LS
work_b3ftiyv34jhylmblxzqccxhcby	376	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	376	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	376	7	increase	increase	VBP
work_b3ftiyv34jhylmblxzqccxhcby	376	8	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	376	9	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	10	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	11	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	376	12	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	13	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	376	14	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	376	15	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	376	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	376	17	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	376	19	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	376	21	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	376	22	decrease	decrease	VBP
work_b3ftiyv34jhylmblxzqccxhcby	376	23	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	376	24	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	25	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	26	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	376	27	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	376	28	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	376	29	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	376	30	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	376	31	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	376	32	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	376	34	c	c	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	376	36	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	376	37	decrease	decrease	VBP
work_b3ftiyv34jhylmblxzqccxhcby	376	38	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	39	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	376	40	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	376	41	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	42	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	376	43	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	376	44	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	376	45	.7	.7	NNP
work_b3ftiyv34jhylmblxzqccxhcby	376	46	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	376	47	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	376	48	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	376	49	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	50	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	376	51	d	d	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	52	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	376	53	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	376	54	decrease	decrease	VBP
work_b3ftiyv34jhylmblxzqccxhcby	376	55	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	376	56	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	57	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	376	58	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	59	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	376	60	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	376	61	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	376	62	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	376	63	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	376	64	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	376	65	3.5	3.5	CD
work_b3ftiyv34jhylmblxzqccxhcby	376	66	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	377	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	377	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	377	3	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	377	4	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	377	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	377	6	totally	totally	RB
work_b3ftiyv34jhylmblxzqccxhcby	377	7	uninformative	uninformative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	377	8	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	377	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	377	10	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	377	11	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	377	12	>	>	NNP
work_b3ftiyv34jhylmblxzqccxhcby	377	13	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	377	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	377	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	377	16	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	377	17	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	377	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	377	19	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	377	20	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	377	21	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	377	22	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	377	23	extremely	extremely	RB
work_b3ftiyv34jhylmblxzqccxhcby	377	24	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	377	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	378	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	378	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	378	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	378	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	378	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	378	6	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	378	7	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	378	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	378	9	22	22	CD
work_b3ftiyv34jhylmblxzqccxhcby	378	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	378	11	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	378	12	discontinuous	discontinuous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	378	13	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	378	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	378	15	IIE	IIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	378	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	378	17	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	378	18	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	378	19	disappears	disappear	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	378	20	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	378	21	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	378	22	Figure	Figure	NNP
work_b3ftiyv34jhylmblxzqccxhcby	378	23	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	378	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	378	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	378	26	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	378	27	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	378	28	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	378	29	obtain	obtain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	378	30	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	378	31	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	378	32	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	378	33	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	378	34	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	378	35	computed	compute	VBN
work_b3ftiyv34jhylmblxzqccxhcby	378	36	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	378	37	closed	closed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	378	38	form	form	NN
work_b3ftiyv34jhylmblxzqccxhcby	378	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	379	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	379	2	claim	claim	NN
work_b3ftiyv34jhylmblxzqccxhcby	379	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	379	4	formalized	formalize	VBN
work_b3ftiyv34jhylmblxzqccxhcby	379	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	379	6	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	379	7	next	next	JJ
work_b3ftiyv34jhylmblxzqccxhcby	379	8	corollary	corollary	NN
work_b3ftiyv34jhylmblxzqccxhcby	379	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	380	1	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	380	2	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	380	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	381	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	381	2	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	381	3	=	=	NN
work_b3ftiyv34jhylmblxzqccxhcby	381	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	381	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	382	1	•	•	VB
work_b3ftiyv34jhylmblxzqccxhcby	382	2	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	382	3	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	4	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	382	5	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	382	6	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	382	7	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	382	8	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	382	9	exist	exist	VBP
work_b3ftiyv34jhylmblxzqccxhcby	382	10	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	11	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	382	12	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	382	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	382	14	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	382	15	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	382	17	γτε	γτε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	382	19	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	20	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	21	24	24	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	22	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	23	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	24	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	25	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	26	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	27	a10	a10	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	28	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	29	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	30	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	31	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	32	ΨHa1	ΨHa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	33	L	L	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	34	ΤΗ	ΤΗ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	35	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	382	36	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	37	ΤΗ	ΤΗ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	38	=3	=3	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	39	ΤΗ	ΤΗ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	40	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	382	41	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	42	�	�	NN
work_b3ftiyv34jhylmblxzqccxhcby	382	43	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	44	ΤΗ	ΤΗ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	45	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	382	46	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	47	�	�	NNP
work_b3ftiyv34jhylmblxzqccxhcby	382	48	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	49	ΤΗ	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	382	50	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	382	51	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	382	52	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	382	53	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	54	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	382	55	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	382	56	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	382	57	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	382	58	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	382	59	mapping	mapping	NN
work_b3ftiyv34jhylmblxzqccxhcby	382	60	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	382	61	22	22	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	62	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	382	63	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	382	64	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	382	65	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	382	66	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	382	67	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	382	68	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	382	69	ranges	range	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	382	70	within	within	IN
work_b3ftiyv34jhylmblxzqccxhcby	382	71	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	382	72	set	set	NN
work_b3ftiyv34jhylmblxzqccxhcby	382	73	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	382	74	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	75	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	382	76	1/10	1/10	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	77	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	382	78	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	79	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	382	80	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	81	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	382	82	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	382	83	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	382	84	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	383	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	383	2	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	383	3	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	383	4	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	383	5	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	383	6	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	383	7	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	383	8	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	383	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	383	10	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	383	11	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	383	12	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	383	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	383	14	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	383	15	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	383	16	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	383	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	383	18	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	383	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	383	20	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	383	21	=	=	NNP
work_b3ftiyv34jhylmblxzqccxhcby	383	22	7.5	7.5	CD
work_b3ftiyv34jhylmblxzqccxhcby	383	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	383	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	383	25	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	383	26	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	383	27	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	383	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	384	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	384	2	τη	τη	FW
work_b3ftiyv34jhylmblxzqccxhcby	384	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	384	4	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	384	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	384	6	note	note	VB
work_b3ftiyv34jhylmblxzqccxhcby	384	7	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	384	8	ψ(·,τη	ψ(·,τη	NNS
work_b3ftiyv34jhylmblxzqccxhcby	384	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	384	10	diverges	diverge	NNS
work_b3ftiyv34jhylmblxzqccxhcby	384	11	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	384	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	384	13	point	point	NN
work_b3ftiyv34jhylmblxzqccxhcby	384	14	â1	â1	.
work_b3ftiyv34jhylmblxzqccxhcby	384	15	≡	≡	NN
work_b3ftiyv34jhylmblxzqccxhcby	384	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	384	17	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	384	18	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	384	19	γτua2)/(γβτu	γτua2)/(γβτu	NN
work_b3ftiyv34jhylmblxzqccxhcby	384	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	384	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	384	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	384	23	IIE	IIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	384	24	disappears	disappear	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	384	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	385	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	385	2	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	385	3	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	385	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	385	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	385	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	385	7	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	385	8	ψ(â1	ψ(â1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	385	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	385	10	.1	.1	NN
work_b3ftiyv34jhylmblxzqccxhcby	385	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	385	12	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	385	13	3.75864	3.75864	CD
work_b3ftiyv34jhylmblxzqccxhcby	385	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	385	15	ψ(â1	ψ(â1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	385	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	385	17	.5	.5	XX
work_b3ftiyv34jhylmblxzqccxhcby	385	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	385	19	=	=	NNS
work_b3ftiyv34jhylmblxzqccxhcby	385	20	3.75862	3.75862	CD
work_b3ftiyv34jhylmblxzqccxhcby	385	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	385	22	ψ(â1	ψ(â1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	385	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	385	24	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	385	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	385	26	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	385	27	3.7585	3.7585	CD
work_b3ftiyv34jhylmblxzqccxhcby	385	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	385	29	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	385	30	ψ(â1	ψ(â1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	385	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	385	32	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	385	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	385	34	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	385	35	3.7584	3.7584	CD
work_b3ftiyv34jhylmblxzqccxhcby	385	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	386	1	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	386	2	a∗1,a∗∗∗1	a∗1,a∗∗∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	386	3	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	386	4	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	386	5	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	386	6	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	386	7	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	386	8	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	386	9	a∗∗∗1	a∗∗∗1	RB
work_b3ftiyv34jhylmblxzqccxhcby	386	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	386	11	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	386	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	386	13	A.17	a.17	NN
work_b3ftiyv34jhylmblxzqccxhcby	386	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	386	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	386	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	386	17	A.18	a.18	NN
work_b3ftiyv34jhylmblxzqccxhcby	386	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	386	19	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	386	20	explicit	explicit	JJ
work_b3ftiyv34jhylmblxzqccxhcby	386	21	expressions	expression	NNS
work_b3ftiyv34jhylmblxzqccxhcby	386	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	386	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	387	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	387	2	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	387	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	387	4			NN
work_b3ftiyv34jhylmblxzqccxhcby	387	5	a	a	NNS
work_b3ftiyv34jhylmblxzqccxhcby	387	6	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	387	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	387	8	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	387	9	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	387	10	−βa∗1	−βa∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	387	11	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	387	12	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	387	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	387	14	λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	387	15	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	387	16	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	387	17	>	>	NN
work_b3ftiyv34jhylmblxzqccxhcby	387	18	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	387	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	387	20	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	387	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	387	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	387	23	a∗∗∗1	a∗∗∗1	UH
work_b3ftiyv34jhylmblxzqccxhcby	387	24	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	387	25	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	387	26	−βa∗∗∗1	−βa∗∗∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	387	27	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	387	28	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	387	29	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	387	30	λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	387	31	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	387	32	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	387	33	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	387	34	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	387	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	387	36	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	387	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	387	38	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	388	1	Furthermore	furthermore	RB
work_b3ftiyv34jhylmblxzqccxhcby	388	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	388	3	|λ∗∗∗2	|λ∗∗∗2	CD
work_b3ftiyv34jhylmblxzqccxhcby	388	4	|	|	NNS
work_b3ftiyv34jhylmblxzqccxhcby	388	5	<	<	NNP
work_b3ftiyv34jhylmblxzqccxhcby	388	6	λ	λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	388	7	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	388	8	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	388	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	388	10	Λ	Λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	388	11	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	388	12	n	n	XX
work_b3ftiyv34jhylmblxzqccxhcby	388	13	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	388	14	Λ	Λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	388	15	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	388	16	n	n	CC
work_b3ftiyv34jhylmblxzqccxhcby	388	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	388	18	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	388	19	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	388	20	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	388	21	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	388	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	388	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	388	24	Var1[p2	Var1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	388	25	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	388	26	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	388	27	lower	low	JJR
work_b3ftiyv34jhylmblxzqccxhcby	388	28	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	388	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	388	30	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	388	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	389	1	•	•	VB
work_b3ftiyv34jhylmblxzqccxhcby	389	2	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	389	3	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	389	4	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	389	5	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	389	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	389	7	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	389	8	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	389	9	exists	exist	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	389	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	389	11	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	389	12	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	389	13	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	389	14	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	389	15	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	389	16	γτε	γτε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	389	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	389	18	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	389	19	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	389	20	γa22τu	γa22τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	389	21	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	389	22	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	389	23	γa2τu	γa2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	389	24	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	389	25	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	389	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	390	1	Remark	Remark	NNP
work_b3ftiyv34jhylmblxzqccxhcby	390	2	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	390	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	391	1	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	391	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	391	3	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	391	4	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	391	5	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	391	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	391	7	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	391	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	391	9	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	391	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	391	11	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	391	12	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	391	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	391	14	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	391	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	391	16	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	391	17	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	391	18	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	391	19	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	391	20	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	391	21	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	391	22	set	set	VBN
work_b3ftiyv34jhylmblxzqccxhcby	391	23	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	391	24	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	391	25	sector	sector	NN
work_b3ftiyv34jhylmblxzqccxhcby	391	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	391	27	competitive	competitive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	391	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	391	29	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	391	30	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	391	31	neutral	neutral	JJ
work_b3ftiyv34jhylmblxzqccxhcby	391	32	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	391	33	makers	maker	NNS
work_b3ftiyv34jhylmblxzqccxhcby	391	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	392	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	392	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	392	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	392	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	392	5	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	392	6	makers	maker	NNS
work_b3ftiyv34jhylmblxzqccxhcby	392	7	do	do	VBP
work_b3ftiyv34jhylmblxzqccxhcby	392	8	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	392	9	require	require	VB
work_b3ftiyv34jhylmblxzqccxhcby	392	10	compensation	compensation	NN
work_b3ftiyv34jhylmblxzqccxhcby	392	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	392	12	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	392	13	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	392	14	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	392	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	392	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	392	17	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	392	18	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	392	19	clear	clear	VB
work_b3ftiyv34jhylmblxzqccxhcby	392	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	392	21	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	392	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	392	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	392	24	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	392	25	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	392	26	semi	semi	RB
work_b3ftiyv34jhylmblxzqccxhcby	392	27	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	392	28	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	392	29	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	392	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	393	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	393	2	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	393	3	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	393	4	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	393	5	25	25	CD
work_b3ftiyv34jhylmblxzqccxhcby	393	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	393	7	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	393	8	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	393	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	393	10	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	393	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	393	12	present	present	JJ
work_b3ftiyv34jhylmblxzqccxhcby	393	13	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	393	14	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	393	15	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	393	16	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	393	17	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	393	18	weakened	weaken	VBD
work_b3ftiyv34jhylmblxzqccxhcby	393	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	393	20	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	393	21	ensures	ensure	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	393	22	uniqueness	uniqueness	JJ
work_b3ftiyv34jhylmblxzqccxhcby	393	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	394	1	28	28	CD
work_b3ftiyv34jhylmblxzqccxhcby	394	2	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	394	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	394	4	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	394	5	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	394	6	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	394	7	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	394	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	394	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	394	10	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	394	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	394	12	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	394	13	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	394	14	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	394	15	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	394	16	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	394	17	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	394	18	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	394	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	394	20	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	394	21	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	394	22	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	394	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	394	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	395	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	395	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	395	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	395	4	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	395	5	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	395	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	395	7	akin	akin	JJ
work_b3ftiyv34jhylmblxzqccxhcby	395	8	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	395	9	Grossman	Grossman	NNP
work_b3ftiyv34jhylmblxzqccxhcby	395	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	395	11	Miller	Miller	NNP
work_b3ftiyv34jhylmblxzqccxhcby	395	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	395	13	1988	1988	CD
work_b3ftiyv34jhylmblxzqccxhcby	395	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	395	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	395	16	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	395	17	trade	trade	VBP
work_b3ftiyv34jhylmblxzqccxhcby	395	18	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	395	19	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	395	20	accommodate	accommodate	VB
work_b3ftiyv34jhylmblxzqccxhcby	395	21	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	395	22	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	395	23	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	395	24	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	395	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	396	1	Prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	396	2	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	396	3	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	396	4	invertible	invertible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	396	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	396	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	396	7	latter	latter	NN
work_b3ftiyv34jhylmblxzqccxhcby	396	8	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	396	9	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	396	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	396	11	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	396	12	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	396	13	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	396	14	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	396	15	arise	arise	VB
work_b3ftiyv34jhylmblxzqccxhcby	396	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	396	17	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	396	18	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	396	19	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	396	20	depending	depend	VBG
work_b3ftiyv34jhylmblxzqccxhcby	396	21	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	396	22	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	396	23	prior	prior	JJ
work_b3ftiyv34jhylmblxzqccxhcby	396	24	precsion	precsion	NN
work_b3ftiyv34jhylmblxzqccxhcby	396	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	397	1	Remark	Remark	NNP
work_b3ftiyv34jhylmblxzqccxhcby	397	2	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	397	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	398	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	398	2	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	398	3	draw	draw	VB
work_b3ftiyv34jhylmblxzqccxhcby	398	4	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	398	5	parallel	parallel	NN
work_b3ftiyv34jhylmblxzqccxhcby	398	6	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	398	7	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	398	8	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	398	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	398	10	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	398	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	398	12	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	398	13	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	398	14	actions	action	NNS
work_b3ftiyv34jhylmblxzqccxhcby	398	15	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	398	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	398	17	feedback	feedback	NN
work_b3ftiyv34jhylmblxzqccxhcby	398	18	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	398	19	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	398	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	398	21	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	398	22	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	398	23	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	398	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	399	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	399	2	papers	paper	NNS
work_b3ftiyv34jhylmblxzqccxhcby	399	3	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	399	4	feature	feature	VBP
work_b3ftiyv34jhylmblxzqccxhcby	399	5	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	399	6	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	399	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	399	8	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	399	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	399	10	Ozdenoren	Ozdenoren	NNP
work_b3ftiyv34jhylmblxzqccxhcby	399	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	399	12	Yuan	Yuan	NNP
work_b3ftiyv34jhylmblxzqccxhcby	399	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	399	14	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	399	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	399	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	399	17	Bond	Bond	NNP
work_b3ftiyv34jhylmblxzqccxhcby	399	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	399	19	Goldstein	Goldstein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	399	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	399	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	399	22	Prescott	Prescott	NNP
work_b3ftiyv34jhylmblxzqccxhcby	399	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	399	24	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	399	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	399	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	399	27	Dow	Dow	NNP
work_b3ftiyv34jhylmblxzqccxhcby	399	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	399	29	Goldstein	Goldstein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	399	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	399	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	399	32	Guembel	Guembel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	399	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	399	34	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	399	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	399	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	399	37	Goldstein	Goldstein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	399	38	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	399	39	Ozdenoren	Ozdenoren	NNP
work_b3ftiyv34jhylmblxzqccxhcby	399	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	399	41	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	399	42	Yuan	Yuan	NNP
work_b3ftiyv34jhylmblxzqccxhcby	399	43	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	399	44	2013	2013	CD
work_b3ftiyv34jhylmblxzqccxhcby	399	45	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	399	46	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	399	47	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	399	48	complementarities	complementarity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	399	49	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	399	50	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	399	51	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	399	52	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	399	53	equilibria	equilibria	NNP
work_b3ftiyv34jhylmblxzqccxhcby	399	54	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	399	55	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	399	56	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	399	57	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	399	58	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	399	59	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	399	60	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	399	61	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	399	62	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	399	63	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	399	64	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	399	65	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	399	66	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	399	67	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	400	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	400	2	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	400	3	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	400	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	400	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	400	6	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	400	7	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	400	8	n	n	NN
work_b3ftiyv34jhylmblxzqccxhcby	400	9	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	400	10	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	400	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	400	12	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	400	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	400	14	p2	p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	400	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	400	16	represents	represent	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	400	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	400	18	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	400	19	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	400	20	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	400	21	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	400	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	400	23	perspective	perspective	NN
work_b3ftiyv34jhylmblxzqccxhcby	400	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	400	25	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	400	26	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	400	27	n	n	NN
work_b3ftiyv34jhylmblxzqccxhcby	400	28	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	400	29	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	400	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	400	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	400	32	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	400	33	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	400	34	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	400	35	affects	affect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	400	36	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	400	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	401	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	401	2	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	401	3	corresponds	correspond	NNS
work_b3ftiyv34jhylmblxzqccxhcby	401	4	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	401	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	401	6	feedback	feedback	NN
work_b3ftiyv34jhylmblxzqccxhcby	401	7	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	401	8	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	401	9	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	401	10	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	401	11	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	401	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	401	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	401	14	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	401	15	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	401	16	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	401	17	feedback	feedback	NN
work_b3ftiyv34jhylmblxzqccxhcby	401	18	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	401	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	402	1	Bond	Bond	NNP
work_b3ftiyv34jhylmblxzqccxhcby	402	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	402	3	Goldstein	Goldstein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	402	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	402	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	402	6	Prescott	Prescott	NNP
work_b3ftiyv34jhylmblxzqccxhcby	402	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	402	8	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	402	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	402	10	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	402	11	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	402	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	402	13	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	402	14	agents	agent	NNS
work_b3ftiyv34jhylmblxzqccxhcby	402	15	use	use	VBP
work_b3ftiyv34jhylmblxzqccxhcby	402	16	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	402	17	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	402	18	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	402	19	deciding	decide	VBG
work_b3ftiyv34jhylmblxzqccxhcby	402	20	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	402	21	corrective	corrective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	402	22	actions	action	NNS
work_b3ftiyv34jhylmblxzqccxhcby	402	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	402	24	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	402	25	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	402	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	402	27	board	board	NN
work_b3ftiyv34jhylmblxzqccxhcby	402	28	considers	consider	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	402	29	firing	fire	VBG
work_b3ftiyv34jhylmblxzqccxhcby	402	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	402	31	CEO	ceo	NN
work_b3ftiyv34jhylmblxzqccxhcby	402	32	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	402	33	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	402	34	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	402	35	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	402	36	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	402	37	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	402	38	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	402	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	402	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	402	41	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	402	42	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	402	43	adjust	adjust	VBP
work_b3ftiyv34jhylmblxzqccxhcby	402	44	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	402	45	reflect	reflect	VB
work_b3ftiyv34jhylmblxzqccxhcby	402	46	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	402	47	use	use	NN
work_b3ftiyv34jhylmblxzqccxhcby	402	48	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	402	49	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	402	50	thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	402	51	become	become	VB
work_b3ftiyv34jhylmblxzqccxhcby	402	52	less	less	RBR
work_b3ftiyv34jhylmblxzqccxhcby	402	53	revealing	revealing	JJ
work_b3ftiyv34jhylmblxzqccxhcby	402	54	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	403	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	403	2	Ozdenoren	Ozdenoren	NNP
work_b3ftiyv34jhylmblxzqccxhcby	403	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	403	4	Yuan	Yuan	NNP
work_b3ftiyv34jhylmblxzqccxhcby	403	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	403	6	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	403	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	403	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	403	9	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	403	10	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	403	11	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	403	12	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	403	13	both	both	CC
work_b3ftiyv34jhylmblxzqccxhcby	403	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	403	15	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	403	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	403	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	403	18	likelihood	likelihood	NN
work_b3ftiyv34jhylmblxzqccxhcby	403	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	403	20	coordination	coordination	NN
work_b3ftiyv34jhylmblxzqccxhcby	403	21	among	among	IN
work_b3ftiyv34jhylmblxzqccxhcby	403	22	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	403	23	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	403	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	404	1	Multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	404	2	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	404	3	arise	arise	VBP
work_b3ftiyv34jhylmblxzqccxhcby	404	4	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	404	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	404	6	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	404	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	404	8	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	404	9	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	404	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	404	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	404	12	coordination	coordination	NN
work_b3ftiyv34jhylmblxzqccxhcby	404	13	motive	motive	NN
work_b3ftiyv34jhylmblxzqccxhcby	404	14	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	404	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	404	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	404	17	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	404	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	405	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	405	2	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	405	3	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	405	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	405	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	405	6	feedback	feedback	NN
work_b3ftiyv34jhylmblxzqccxhcby	405	7	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	405	8	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	405	9	strength	strength	NN
work_b3ftiyv34jhylmblxzqccxhcby	405	10	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	405	11	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	405	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	405	13	sensitivity	sensitivity	NN
work_b3ftiyv34jhylmblxzqccxhcby	405	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	405	15	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	405	16	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	405	17	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	405	18	investment	investment	NN
work_b3ftiyv34jhylmblxzqccxhcby	405	19	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	405	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	405	21	risky	risky	JJ
work_b3ftiyv34jhylmblxzqccxhcby	405	22	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	405	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	406	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	406	2	parallel	parallel	NN
work_b3ftiyv34jhylmblxzqccxhcby	406	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	406	4	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	406	5	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	406	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	406	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	406	8	degree	degree	NN
work_b3ftiyv34jhylmblxzqccxhcby	406	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	406	10	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	406	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	406	12	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	406	13	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	406	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	407	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	407	2	both	both	DT
work_b3ftiyv34jhylmblxzqccxhcby	407	3	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	407	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	407	5	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	407	6	tends	tend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	407	7	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	407	8	arise	arise	VB
work_b3ftiyv34jhylmblxzqccxhcby	407	9	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	407	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	407	11	feedback	feedback	NN
work_b3ftiyv34jhylmblxzqccxhcby	407	12	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	407	13	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	407	14	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	407	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	408	1	Much	much	RB
work_b3ftiyv34jhylmblxzqccxhcby	408	2	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	408	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	408	4	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	408	5	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	408	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	408	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	408	8	Ozdenoren	Ozdenoren	NNP
work_b3ftiyv34jhylmblxzqccxhcby	408	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	408	10	Yuan	Yuan	NNP
work_b3ftiyv34jhylmblxzqccxhcby	408	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	408	12	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	408	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	408	14	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	408	15	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	408	16	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	408	17	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	408	18	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	408	19	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	408	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	408	21	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	408	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	408	23	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	408	24	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	408	25	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	408	26	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	408	27	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	408	28	base	base	NN
work_b3ftiyv34jhylmblxzqccxhcby	408	29	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	408	30	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	408	31	low	low	RB
work_b3ftiyv34jhylmblxzqccxhcby	408	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	409	1	Yet	yet	RB
work_b3ftiyv34jhylmblxzqccxhcby	409	2	unlike	unlike	IN
work_b3ftiyv34jhylmblxzqccxhcby	409	3	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	409	4	study	study	NN
work_b3ftiyv34jhylmblxzqccxhcby	409	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	409	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	409	7	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	409	8	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	409	9	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	409	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	409	11	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	409	12	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	409	13	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	409	14	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	409	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	409	16	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	409	17	coordination	coordination	NN
work_b3ftiyv34jhylmblxzqccxhcby	409	18	motive	motive	NN
work_b3ftiyv34jhylmblxzqccxhcby	409	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	409	20	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	409	21	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	409	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	409	23	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	409	24	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	409	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	409	26	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	409	27	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	409	28	coordination	coordination	NN
work_b3ftiyv34jhylmblxzqccxhcby	409	29	motive	motive	NN
work_b3ftiyv34jhylmblxzqccxhcby	409	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	409	31	yields	yield	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	409	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	409	33	opposite	opposite	JJ
work_b3ftiyv34jhylmblxzqccxhcby	409	34	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	409	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	410	1	D	D	NNP
work_b3ftiyv34jhylmblxzqccxhcby	410	2	Stability	Stability	NNP
work_b3ftiyv34jhylmblxzqccxhcby	410	3	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	410	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	410	5	section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	410	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	410	7	use	use	VBP
work_b3ftiyv34jhylmblxzqccxhcby	410	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	410	9	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	410	10	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	410	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	410	12	22	22	CD
work_b3ftiyv34jhylmblxzqccxhcby	410	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	410	14	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	410	15	perform	perform	VB
work_b3ftiyv34jhylmblxzqccxhcby	410	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	410	17	stability	stability	NN
work_b3ftiyv34jhylmblxzqccxhcby	410	18	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	410	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	410	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	410	21	equi-	equi-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	410	22	libria	libria	NNP
work_b3ftiyv34jhylmblxzqccxhcby	410	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	411	1	Toward	toward	IN
work_b3ftiyv34jhylmblxzqccxhcby	411	2	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	411	3	end	end	NN
work_b3ftiyv34jhylmblxzqccxhcby	411	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	411	5	consider	consider	VB
work_b3ftiyv34jhylmblxzqccxhcby	411	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	411	7	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	411	8	argument	argument	NN
work_b3ftiyv34jhylmblxzqccxhcby	411	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	412	1	Assume	assume	VB
work_b3ftiyv34jhylmblxzqccxhcby	412	2	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	412	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	412	4	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	412	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	412	6	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	412	7	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	412	8	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	412	9	point	point	NN
work_b3ftiyv34jhylmblxzqccxhcby	412	10	ā1	ā1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	412	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	412	12	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	412	13	ā1	ā1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	412	14	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	412	15	ψ(ā1	ψ(ā1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	412	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	412	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	413	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	413	2	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	413	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	413	4	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	413	5	small	small	JJ
work_b3ftiyv34jhylmblxzqccxhcby	413	6	perturbation	perturbation	NN
work_b3ftiyv34jhylmblxzqccxhcby	413	7	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	413	8	ā1	ā1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	413	9	28It	28It	NNP
work_b3ftiyv34jhylmblxzqccxhcby	413	10	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	413	11	easy	easy	JJ
work_b3ftiyv34jhylmblxzqccxhcby	413	12	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	413	13	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	413	14	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	413	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	413	16	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	413	17	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	413	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	413	19	γ/	γ/	NNP
work_b3ftiyv34jhylmblxzqccxhcby	413	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	413	21	τ−1	τ−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	413	22	�	�	NNP
work_b3ftiyv34jhylmblxzqccxhcby	413	23	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	413	24	τ	τ	CD
work_b3ftiyv34jhylmblxzqccxhcby	413	25	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	413	26	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	413	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	413	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	413	29	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	413	30	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	413	31	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	413	32	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	413	33	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	413	34	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	413	35	>	>	FW
work_b3ftiyv34jhylmblxzqccxhcby	413	36	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	413	37	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	413	38	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	413	39	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	413	40	τu∆a2	τu∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	413	41	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	413	42	τ2	τ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	413	43	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	413	44	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	413	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	414	1	26	26	CD
work_b3ftiyv34jhylmblxzqccxhcby	414	2	occurs	occur	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	414	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	415	1	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	415	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	415	3	consequence	consequence	NN
work_b3ftiyv34jhylmblxzqccxhcby	415	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	415	5	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	415	6	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	415	7	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	415	8	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	415	9	modify	modify	VBP
work_b3ftiyv34jhylmblxzqccxhcby	415	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	415	11	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	415	12	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	415	13	give	give	VBP
work_b3ftiyv34jhylmblxzqccxhcby	415	14	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	415	15	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	415	16	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	415	17	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	415	18	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	415	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	415	20	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	415	21	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	415	22	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	415	23	ā′1	ā′1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	415	24	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	415	25	ψ(ā	ψ(ā	NNP
work_b3ftiyv34jhylmblxzqccxhcby	415	26	′	′	NNP
work_b3ftiyv34jhylmblxzqccxhcby	415	27	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	415	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	415	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	416	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	416	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	416	3	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	416	4	returns	return	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	416	5	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	416	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	416	7	original	original	JJ
work_b3ftiyv34jhylmblxzqccxhcby	416	8	ā1	ā1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	416	9	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	416	10	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	416	11	according	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	416	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	416	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	416	14	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	416	15	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	416	16	reply	reply	NN
work_b3ftiyv34jhylmblxzqccxhcby	416	17	dynamics	dynamic	NNS
work_b3ftiyv34jhylmblxzqccxhcby	416	18	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	416	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	416	20	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	416	21	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	416	22	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	416	23	function	function	NN
work_b3ftiyv34jhylmblxzqccxhcby	416	24	ψ(·)—the	ψ(·)—the	NNP
work_b3ftiyv34jhylmblxzqccxhcby	416	25	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	416	26	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	416	27	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	416	28	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	416	29	otherwise	otherwise	RB
work_b3ftiyv34jhylmblxzqccxhcby	416	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	416	31	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	416	32	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	416	33	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	416	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	417	1	Hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	417	2	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	417	3	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	417	4	say	say	VB
work_b3ftiyv34jhylmblxzqccxhcby	417	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	417	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	417	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	417	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	417	9	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	417	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	417	11	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	417	12	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	417	13	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	417	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	417	15	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	417	16	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	417	17	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	417	18	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	417	19	i	i	PRP
work_b3ftiyv34jhylmblxzqccxhcby	417	20	put	put	VBP
work_b3ftiyv34jhylmblxzqccxhcby	417	21	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	417	22	lower	low	JJR
work_b3ftiyv34jhylmblxzqccxhcby	417	23	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	417	24	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	417	25	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	417	26	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	417	27	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	417	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	417	29	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	417	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	417	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	417	32	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	417	33	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	417	34	noisier	noisy	JJR
work_b3ftiyv34jhylmblxzqccxhcby	417	35	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	417	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	417	37	ii	ii	NNP
work_b3ftiyv34jhylmblxzqccxhcby	417	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	417	39	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	417	40	i	i	PRP
work_b3ftiyv34jhylmblxzqccxhcby	417	41	reacts	react	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	417	42	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	417	43	increasing	increase	VBG
work_b3ftiyv34jhylmblxzqccxhcby	417	44	less	less	JJR
work_b3ftiyv34jhylmblxzqccxhcby	417	45	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	417	46	more	more	JJR
work_b3ftiyv34jhylmblxzqccxhcby	417	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	417	48	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	417	49	propor-	propor-	NN
work_b3ftiyv34jhylmblxzqccxhcby	417	50	tionally	tionally	RB
work_b3ftiyv34jhylmblxzqccxhcby	417	51	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	417	52	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	417	53	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	417	54	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	417	55	own	own	JJ
work_b3ftiyv34jhylmblxzqccxhcby	417	56	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	417	57	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	417	58	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	417	59	contributing	contribute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	417	60	less	less	JJR
work_b3ftiyv34jhylmblxzqccxhcby	417	61	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	417	62	more	more	JJR
work_b3ftiyv34jhylmblxzqccxhcby	417	63	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	417	64	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	417	65	proportionally	proportionally	RB
work_b3ftiyv34jhylmblxzqccxhcby	417	66	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	417	67	restoring	restore	VBG
work_b3ftiyv34jhylmblxzqccxhcby	417	68	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	417	69	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	417	70	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	418	1	Formally	formally	RB
work_b3ftiyv34jhylmblxzqccxhcby	418	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	418	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	418	4	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	418	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	418	6	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	418	7	definition	definition	NN
work_b3ftiyv34jhylmblxzqccxhcby	418	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	419	1	Definition	definition	NN
work_b3ftiyv34jhylmblxzqccxhcby	419	2	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	419	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	419	4	Stability	stability	NN
work_b3ftiyv34jhylmblxzqccxhcby	419	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	419	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	420	1	An	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	420	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	420	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	420	4	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	420	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	420	6	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	420	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	420	8	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	420	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	420	10	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	420	11	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	420	12	its	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	420	13	correspond-	correspond-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	420	14	ing	ing	NN
work_b3ftiyv34jhylmblxzqccxhcby	420	15	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	420	16	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	420	17	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	420	18	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	420	19	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	420	20	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	420	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	420	22	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	420	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	420	24	fixed	fix	VBN
work_b3ftiyv34jhylmblxzqccxhcby	420	25	point	point	NN
work_b3ftiyv34jhylmblxzqccxhcby	420	26	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	420	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	420	28	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	420	29	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	420	30	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	420	31	function	function	NN
work_b3ftiyv34jhylmblxzqccxhcby	420	32	ψ(·)—that	ψ(·)—that	,
work_b3ftiyv34jhylmblxzqccxhcby	420	33	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	420	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	420	35	iff	iff	VB
work_b3ftiyv34jhylmblxzqccxhcby	420	36	its	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	420	37	corresponding	corresponding	JJ
work_b3ftiyv34jhylmblxzqccxhcby	420	38	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	420	39	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	420	40	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	420	41	satisfies	satisfy	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	420	42	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	420	43	inequality	inequality	NN
work_b3ftiyv34jhylmblxzqccxhcby	420	44	|ψ′(a1)|	|ψ′(a1)|	NNS
work_b3ftiyv34jhylmblxzqccxhcby	420	45	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	420	46	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	420	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	421	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	421	2	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	421	3	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	421	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	421	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	421	6	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	421	7	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	421	8	equilbria	equilbria	NNS
work_b3ftiyv34jhylmblxzqccxhcby	421	9	arise	arise	VBP
work_b3ftiyv34jhylmblxzqccxhcby	421	10	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	421	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	421	12	IIE	IIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	421	13	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	421	14	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	421	15	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	421	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	422	1	29	29	CD
work_b3ftiyv34jhylmblxzqccxhcby	422	2	On	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	422	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	422	4	contrary	contrary	NN
work_b3ftiyv34jhylmblxzqccxhcby	422	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	422	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	422	7	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	422	8	simulations	simulation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	422	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	422	10	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	422	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	422	12	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	422	13	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	422	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	423	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	423	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	423	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	423	4	behavior	behavior	NN
work_b3ftiyv34jhylmblxzqccxhcby	423	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	423	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	423	7	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	423	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	423	9	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	423	10	complex	complex	JJ
work_b3ftiyv34jhylmblxzqccxhcby	423	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	424	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	424	2	particular	particular	JJ
work_b3ftiyv34jhylmblxzqccxhcby	424	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	424	4	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	424	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	424	6	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	424	7	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	424	8	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	424	9	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	424	10	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	424	11	require	require	VBP
work_b3ftiyv34jhylmblxzqccxhcby	424	12	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	424	13	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	424	14	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	424	15	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	424	16	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	424	17	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	424	18	too	too	RB
work_b3ftiyv34jhylmblxzqccxhcby	424	19	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	424	20	precise	precise	JJ
work_b3ftiyv34jhylmblxzqccxhcby	424	21	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	424	22	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	424	23	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	424	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	424	25	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	424	26	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	424	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	425	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	425	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	425	3	extreme	extreme	JJ
work_b3ftiyv34jhylmblxzqccxhcby	425	4	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	425	5	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	425	6	τη	τη	NNP
work_b3ftiyv34jhylmblxzqccxhcby	425	7	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	425	8	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	425	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	425	10	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	425	11	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	425	12	formally	formally	RB
work_b3ftiyv34jhylmblxzqccxhcby	425	13	analyze	analyze	VB
work_b3ftiyv34jhylmblxzqccxhcby	425	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	425	15	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	425	16	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	425	17	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	425	18	mapping	mapping	NN
work_b3ftiyv34jhylmblxzqccxhcby	425	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	425	20	obtain	obtain	VB
work_b3ftiyv34jhylmblxzqccxhcby	425	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	425	22	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	425	23	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	425	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	426	1	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	426	2	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	426	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	427	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	427	2	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	427	3	=	=	NN
work_b3ftiyv34jhylmblxzqccxhcby	427	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	427	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	428	1	Then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	428	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	428	3	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	428	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	428	5	ψ	ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	428	6	′(a1	′(a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	428	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	428	8	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	428	9	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	428	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	428	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	428	12	ii	ii	LS
work_b3ftiyv34jhylmblxzqccxhcby	428	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	428	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	428	15	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	428	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	428	17	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	428	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	428	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	428	20	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	428	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	428	22	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	428	23	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	428	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	428	25	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	428	26	.	.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	428	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	428	28	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	428	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	428	30	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	428	31	respect	respect	NN
work_b3ftiyv34jhylmblxzqccxhcby	428	32	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	428	33	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	428	34	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	428	35	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	428	36	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	428	37	dynamics	dynamic	NNS
work_b3ftiyv34jhylmblxzqccxhcby	428	38	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	428	39	|ψ′(a∗∗∗1	|ψ′(a∗∗∗1	LS
work_b3ftiyv34jhylmblxzqccxhcby	428	40	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	428	41	|	|	CD
work_b3ftiyv34jhylmblxzqccxhcby	428	42	>	>	NN
work_b3ftiyv34jhylmblxzqccxhcby	428	43	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	428	44	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	428	45	|ψ	|ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	428	46	′(a∗1)|	′(a∗1)|	NNP
work_b3ftiyv34jhylmblxzqccxhcby	428	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	429	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	429	2	24	24	CD
work_b3ftiyv34jhylmblxzqccxhcby	429	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	429	4	Intuitively	intuitively	RB
work_b3ftiyv34jhylmblxzqccxhcby	429	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	429	6	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	429	7	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	429	8	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	429	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	429	10	much	much	RB
work_b3ftiyv34jhylmblxzqccxhcby	429	11	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	429	12	precise	precise	JJ
work_b3ftiyv34jhylmblxzqccxhcby	429	13	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	429	14	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	429	15	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	429	16	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	429	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	429	18	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	429	19	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	429	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	429	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	429	22	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	429	23	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	429	24	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	429	25	become	become	VBP
work_b3ftiyv34jhylmblxzqccxhcby	429	26	very	very	RB
work_b3ftiyv34jhylmblxzqccxhcby	429	27	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	429	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	430	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	430	2	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	430	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	430	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	430	5	approach	approach	VBP
work_b3ftiyv34jhylmblxzqccxhcby	430	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	430	7	situation	situation	NN
work_b3ftiyv34jhylmblxzqccxhcby	430	8	close	close	JJ
work_b3ftiyv34jhylmblxzqccxhcby	430	9	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	430	10	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	430	11	described	describe	VBN
work_b3ftiyv34jhylmblxzqccxhcby	430	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	430	13	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	430	14	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	430	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	430	16	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	430	17	makes	make	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	430	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	430	19	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	430	20	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	430	21	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	430	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	431	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	431	2	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	431	3	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	431	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	431	5	set	set	VBP
work_b3ftiyv34jhylmblxzqccxhcby	431	6	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	431	7	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	431	8	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	431	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	431	10	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	431	11	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	431	12	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	431	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	431	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	431	15	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	431	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	431	17	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	431	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	431	19	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	431	20	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	431	21	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	431	22	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	431	23	partition	partition	VBP
work_b3ftiyv34jhylmblxzqccxhcby	431	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	431	25	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	431	26	space	space	NN
work_b3ftiyv34jhylmblxzqccxhcby	431	27	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	431	28	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	431	29	×	×	NNP
work_b3ftiyv34jhylmblxzqccxhcby	431	30	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	431	31	|	|	NNP
work_b3ftiyv34jhylmblxzqccxhcby	431	32	τη	τη	JJ
work_b3ftiyv34jhylmblxzqccxhcby	431	33	∈{0	∈{0	NNP
work_b3ftiyv34jhylmblxzqccxhcby	431	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	431	35	.01	.01	NFP
work_b3ftiyv34jhylmblxzqccxhcby	431	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	431	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	432	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	433	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	434	1	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	434	2	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	434	3	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	434	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	434	5	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	434	6	∈{.01	∈{.01	NNP
work_b3ftiyv34jhylmblxzqccxhcby	434	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	434	8	.02	.02	NFP
work_b3ftiyv34jhylmblxzqccxhcby	434	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	434	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	435	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	436	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	437	1	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	437	2	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	437	3	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	437	4	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	437	5	into	into	IN
work_b3ftiyv34jhylmblxzqccxhcby	437	6	five	five	CD
work_b3ftiyv34jhylmblxzqccxhcby	437	7	regions	region	NNS
work_b3ftiyv34jhylmblxzqccxhcby	437	8	depending	depend	VBG
work_b3ftiyv34jhylmblxzqccxhcby	437	9	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	437	10	whether	whether	IN
work_b3ftiyv34jhylmblxzqccxhcby	437	11	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	437	12	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	437	13	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	437	14	instead	instead	RB
work_b3ftiyv34jhylmblxzqccxhcby	437	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	437	16	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	437	17	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	437	18	obtains	obtain	NNS
work_b3ftiyv34jhylmblxzqccxhcby	437	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	437	20	whether	whether	IN
work_b3ftiyv34jhylmblxzqccxhcby	437	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	437	22	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	437	23	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	437	24	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	437	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	437	26	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	437	27	whether	whether	IN
work_b3ftiyv34jhylmblxzqccxhcby	437	28	responses	response	NNS
work_b3ftiyv34jhylmblxzqccxhcby	437	29	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	437	30	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	437	31	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	437	32	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	437	33	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	437	34	substitutes	substitute	NNS
work_b3ftiyv34jhylmblxzqccxhcby	437	35	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	437	36	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	437	37	complements.30	complements.30	NNP
work_b3ftiyv34jhylmblxzqccxhcby	437	38	29This	29this	CD
work_b3ftiyv34jhylmblxzqccxhcby	437	39	claim	claim	NN
work_b3ftiyv34jhylmblxzqccxhcby	437	40	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	437	41	immediately	immediately	RB
work_b3ftiyv34jhylmblxzqccxhcby	437	42	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	437	43	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	437	44	inequality	inequality	NN
work_b3ftiyv34jhylmblxzqccxhcby	437	45	ψ(0	ψ(0	NNP
work_b3ftiyv34jhylmblxzqccxhcby	437	46	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	437	47	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	437	48	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	437	49	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	437	50	hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	437	51	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	437	52	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	437	53	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	437	54	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	437	55	mapping	mapping	NN
work_b3ftiyv34jhylmblxzqccxhcby	437	56	cuts	cut	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	437	57	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	437	58	45-degree	45-degree	CD
work_b3ftiyv34jhylmblxzqccxhcby	437	59	line	line	NN
work_b3ftiyv34jhylmblxzqccxhcby	437	60	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	437	61	below	below	RB
work_b3ftiyv34jhylmblxzqccxhcby	437	62	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	437	63	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	437	64	IIE	IIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	437	65	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	437	66	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	437	67	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	437	68	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	437	69	ψ′(a∗∗1	ψ′(a∗∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	437	70	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	437	71	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	437	72	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	437	73	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	438	1	30As	30as	CD
work_b3ftiyv34jhylmblxzqccxhcby	438	2	shown	show	VBN
work_b3ftiyv34jhylmblxzqccxhcby	438	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	438	4	Figure	Figure	NNP
work_b3ftiyv34jhylmblxzqccxhcby	438	5	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	438	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	438	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	438	8	responses	response	NNS
work_b3ftiyv34jhylmblxzqccxhcby	438	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	438	10	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	438	11	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	438	12	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	438	13	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	438	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	438	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	438	16	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	438	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	438	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	438	19	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	438	20	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	438	21	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	438	22	complements	complement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	438	23	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	438	24	substitutes	substitute	NNS
work_b3ftiyv34jhylmblxzqccxhcby	438	25	depending	depend	VBG
work_b3ftiyv34jhylmblxzqccxhcby	438	26	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	438	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	438	28	parameters	parameter	NNS
work_b3ftiyv34jhylmblxzqccxhcby	438	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	439	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	439	2	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	439	3	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	439	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	439	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	439	6	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	439	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	439	8	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	439	9	27	27	CD
work_b3ftiyv34jhylmblxzqccxhcby	439	10	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	439	11	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	439	12	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	439	13	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	439	14	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	439	15	set	set	VBN
work_b3ftiyv34jhylmblxzqccxhcby	439	16	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	439	17	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	439	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	439	19	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	439	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	439	21	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	439	22	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	439	23	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	439	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	439	25	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	439	26	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	439	27	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	439	28	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	439	29	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	439	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	439	31	τη	τη	NNP
work_b3ftiyv34jhylmblxzqccxhcby	439	32	∈{0	∈{0	NNP
work_b3ftiyv34jhylmblxzqccxhcby	439	33	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	439	34	.01	.01	NFP
work_b3ftiyv34jhylmblxzqccxhcby	439	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	439	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	440	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	441	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	442	1	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	442	2	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	442	3	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	442	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	442	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	442	6	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	442	7	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	442	8	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	442	9	.01	.01	NFP
work_b3ftiyv34jhylmblxzqccxhcby	442	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	442	11	.02	.02	NFP
work_b3ftiyv34jhylmblxzqccxhcby	442	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	442	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	443	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	444	1	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	445	1	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	445	2	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	445	3	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	445	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	446	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	446	2	black	black	JJ
work_b3ftiyv34jhylmblxzqccxhcby	446	3	line	line	NN
work_b3ftiyv34jhylmblxzqccxhcby	446	4	denotes	denote	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	446	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	446	6	set	set	NN
work_b3ftiyv34jhylmblxzqccxhcby	446	7	τη	τη	NNP
work_b3ftiyv34jhylmblxzqccxhcby	446	8	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	446	9	τε	τε	XX
work_b3ftiyv34jhylmblxzqccxhcby	446	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	447	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	447	2	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	447	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	447	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	447	5	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	447	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	447	7	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	447	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	447	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	447	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	447	11	white	white	JJ
work_b3ftiyv34jhylmblxzqccxhcby	447	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	447	13	yellow	yellow	JJ
work_b3ftiyv34jhylmblxzqccxhcby	447	14	regions	region	NNS
work_b3ftiyv34jhylmblxzqccxhcby	447	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	447	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	447	17	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	447	18	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	447	19	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	447	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	447	21	whereas	whereas	IN
work_b3ftiyv34jhylmblxzqccxhcby	447	22	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	447	23	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	447	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	447	25	ME	ME	NNP
work_b3ftiyv34jhylmblxzqccxhcby	447	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	447	27	obtain	obtain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	447	28	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	447	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	447	30	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	447	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	447	32	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	447	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	447	34	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	447	35	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	447	36	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	447	37	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	447	38	regions	region	NNS
work_b3ftiyv34jhylmblxzqccxhcby	447	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	447	40	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	447	41	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	447	42	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	447	43	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	447	44	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	447	45	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	447	46	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	447	47	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	447	48	depending	depending	NN
work_b3ftiyv34jhylmblxzqccxhcby	447	49	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	447	50	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	447	51	difference	difference	NN
work_b3ftiyv34jhylmblxzqccxhcby	447	52	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	447	53	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	447	54	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	447	55	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	447	56	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	448	1	Remark	Remark	NNP
work_b3ftiyv34jhylmblxzqccxhcby	448	2	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	448	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	449	1	What	what	WP
work_b3ftiyv34jhylmblxzqccxhcby	449	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	449	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	449	4	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	449	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	449	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	449	7	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	449	8	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	449	9	parameter	parameter	VB
work_b3ftiyv34jhylmblxzqccxhcby	449	10	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	449	11	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	449	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	449	13	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	449	14	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	449	15	equilib-	equilib-	XX
work_b3ftiyv34jhylmblxzqccxhcby	449	16	rium	rium	NN
work_b3ftiyv34jhylmblxzqccxhcby	449	17	?	?	.
work_b3ftiyv34jhylmblxzqccxhcby	450	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	450	2	answer	answer	NN
work_b3ftiyv34jhylmblxzqccxhcby	450	3	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	450	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	450	5	question	question	NN
work_b3ftiyv34jhylmblxzqccxhcby	450	6	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	450	7	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	450	8	whether	whether	IN
work_b3ftiyv34jhylmblxzqccxhcby	450	9	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	450	10	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	450	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	450	12	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	450	13	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	450	14	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	450	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	450	16	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	450	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	450	18	Online	Online	NNP
work_b3ftiyv34jhylmblxzqccxhcby	450	19	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	450	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	450	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	451	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	451	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	451	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	451	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	451	5	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	451	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	451	7	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	451	8	easily	easily	RB
work_b3ftiyv34jhylmblxzqccxhcby	451	9	generate	generate	VB
work_b3ftiyv34jhylmblxzqccxhcby	451	10	non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	451	11	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	451	12	monotonic	monotonic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	451	13	effects	effect	NNS
work_b3ftiyv34jhylmblxzqccxhcby	451	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	451	15	exogenous	exogenous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	451	16	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	451	17	changes	change	NNS
work_b3ftiyv34jhylmblxzqccxhcby	451	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	451	19	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	451	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	451	21	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	451	22	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	451	23	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	451	24	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	451	25	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	451	26	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	451	27	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	451	28	toler-	toler-	NN
work_b3ftiyv34jhylmblxzqccxhcby	451	29	ance	ance	NN
work_b3ftiyv34jhylmblxzqccxhcby	451	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	451	31	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	451	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	451	33	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	451	34	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	451	35	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	451	36	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	451	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	451	38	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	451	39	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	451	40	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	451	41	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	451	42	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	451	43	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	451	44	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	451	45	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	451	46	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	451	47	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	451	48	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	451	49	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	451	50	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	452	1	These	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	452	2	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	452	3	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	452	4	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	452	5	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	452	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	452	7	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	452	8	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	452	9	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	452	10	induce	induce	VB
work_b3ftiyv34jhylmblxzqccxhcby	452	11	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	452	12	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	452	13	coordinate	coordinate	VB
work_b3ftiyv34jhylmblxzqccxhcby	452	14	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	452	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	452	16	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	452	17	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	452	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	453	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	453	2	instance	instance	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	453	4	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	453	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	453	6	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	453	7	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	453	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	453	9	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	453	10	decrease	decrease	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	453	12	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	453	13	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	14	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	15	produces	produce	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	453	16	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	453	17	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	453	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	453	20	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	21	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	22	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	453	23	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	453	24	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	453	26	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	453	27	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	28	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	453	29	as	as	RB
work_b3ftiyv34jhylmblxzqccxhcby	453	30	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	453	31	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	453	32	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	453	33	decline	decline	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	34	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	453	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	453	36	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	453	37	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	38	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	453	39	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	453	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	453	41	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	453	42	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	453	43	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	44	shifting	shift	VBG
work_b3ftiyv34jhylmblxzqccxhcby	453	45	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	453	46	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	453	47	initial	initial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	453	48	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	453	49	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	453	50	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	453	51	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	453	52	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	454	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	454	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	454	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	454	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	454	5	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	454	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	454	7	numerical	numerical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	454	8	simulations	simulation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	454	9	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	454	10	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	454	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	454	12	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	454	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	454	14	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	454	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	454	16	mild	mild	JJ
work_b3ftiyv34jhylmblxzqccxhcby	454	17	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	454	18	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	454	19	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	454	20	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	454	21	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	454	22	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	454	23	how	how	WRB
work_b3ftiyv34jhylmblxzqccxhcby	454	24	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	454	25	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	454	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	454	27	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	454	28	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	454	29	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	454	30	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	454	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	455	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	455	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	455	3	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	455	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	455	5	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	455	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	455	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	455	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	455	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	455	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	455	11	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	455	12	converges	converge	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	455	13	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	455	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	455	15	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	455	16	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	455	17	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	455	18	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	455	19	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	455	20	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	455	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	455	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	455	23	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	455	24	oscillates	oscillate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	455	25	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	455	26	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	455	27	nonequilibrium	nonequilibrium	JJ
work_b3ftiyv34jhylmblxzqccxhcby	455	28	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	455	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	456	1	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	456	2	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	456	3	likely	likely	JJ
work_b3ftiyv34jhylmblxzqccxhcby	456	4	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	456	5	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	456	6	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	456	7	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	456	8	at	at	RB
work_b3ftiyv34jhylmblxzqccxhcby	456	9	least	least	RBS
work_b3ftiyv34jhylmblxzqccxhcby	456	10	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	456	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	456	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	456	13	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	456	14	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	456	15	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	456	16	display	display	VB
work_b3ftiyv34jhylmblxzqccxhcby	456	17	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	456	18	complementarities	complementarity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	456	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	457	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	457	2	instance	instance	NN
work_b3ftiyv34jhylmblxzqccxhcby	457	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	457	4	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	457	5	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	457	6	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	457	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	457	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	457	9	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	457	10	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	457	11	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	457	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	457	13	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	457	14	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	457	15	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	457	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	457	17	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	457	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	457	19	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	457	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	457	21	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	457	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	457	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	457	24	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	457	25	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	457	26	2.5	2.5	CD
work_b3ftiyv34jhylmblxzqccxhcby	457	27	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	457	28	obtain	obtain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	457	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	457	30	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	457	31	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	457	32	1,a	1,a	CD
work_b3ftiyv34jhylmblxzqccxhcby	457	33	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	457	34	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	457	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	457	36	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	457	37	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	457	38	3.32	3.32	CD
work_b3ftiyv34jhylmblxzqccxhcby	457	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	457	40	4.8	4.8	CD
work_b3ftiyv34jhylmblxzqccxhcby	457	41	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	457	42	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	457	43	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	457	44	ψ′(a∗1),ψ	ψ′(a∗1),ψ	NN
work_b3ftiyv34jhylmblxzqccxhcby	457	45	′(a∗∗∗1	′(a∗∗∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	457	46	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	457	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	457	48	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	457	49	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	457	50	−0.4,−0.23	−0.4,−0.23	UH
work_b3ftiyv34jhylmblxzqccxhcby	457	51	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	457	52	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	458	1	Increasing	increase	VBG
work_b3ftiyv34jhylmblxzqccxhcby	458	2	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	458	3	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	458	4	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	458	5	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	458	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	458	7	a∗1,a∗∗∗1	a∗1,a∗∗∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	458	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	458	9	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	458	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	458	11	3.34	3.34	CD
work_b3ftiyv34jhylmblxzqccxhcby	458	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	458	13	4.73	4.73	CD
work_b3ftiyv34jhylmblxzqccxhcby	458	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	458	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	458	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	458	17	ψ′(a∗1),ψ	ψ′(a∗1),ψ	NN
work_b3ftiyv34jhylmblxzqccxhcby	458	18	′(a∗∗∗1	′(a∗∗∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	458	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	458	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	458	21	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	458	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	458	23	−0.32	−0.32	NNP
work_b3ftiyv34jhylmblxzqccxhcby	458	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	458	25	0.03	0.03	CD
work_b3ftiyv34jhylmblxzqccxhcby	458	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	458	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	459	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	459	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	459	3	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	459	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	459	5	further	further	RB
work_b3ftiyv34jhylmblxzqccxhcby	459	6	increase	increase	VBP
work_b3ftiyv34jhylmblxzqccxhcby	459	7	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	459	8	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	459	9	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	459	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	459	11	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	459	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	459	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	459	14	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	459	15	8)	8)	CD
work_b3ftiyv34jhylmblxzqccxhcby	459	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	459	17	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	459	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	459	19	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	459	20	disappears	disappear	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	459	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	459	22	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	459	23	obtain	obtain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	459	24	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	459	25	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	459	26	3.44	3.44	CD
work_b3ftiyv34jhylmblxzqccxhcby	459	27	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	459	28	ψ	ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	459	29	′(a∗1	′(a∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	459	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	459	31	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	459	32	−0.05	−0.05	NNP
work_b3ftiyv34jhylmblxzqccxhcby	459	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	459	34	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	459	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	459	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	459	37	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	459	38	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	459	39	3.59	3.59	CD
work_b3ftiyv34jhylmblxzqccxhcby	459	40	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	459	41	ψ	ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	459	42	′(a∗1	′(a∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	459	43	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	459	44	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	459	45	0.25	0.25	CD
work_b3ftiyv34jhylmblxzqccxhcby	459	46	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	459	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	460	1	28	28	CD
work_b3ftiyv34jhylmblxzqccxhcby	460	2	E	e	NN
work_b3ftiyv34jhylmblxzqccxhcby	460	3	Equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	460	4	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	460	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	460	6	limits	limit	NNS
work_b3ftiyv34jhylmblxzqccxhcby	460	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	460	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	460	9	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	460	10	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	460	11	anal-	anal-	NN
work_b3ftiyv34jhylmblxzqccxhcby	460	12	ogy	ogy	NN
work_b3ftiyv34jhylmblxzqccxhcby	460	13	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	460	14	characterize	characterize	VBP
work_b3ftiyv34jhylmblxzqccxhcby	460	15	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	460	16	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	460	17	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	460	18	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	460	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	461	1	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	461	2	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	461	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	462	1	At	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	462	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	462	3	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	462	4	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	462	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	462	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	462	7	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	462	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	462	9	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	462	10	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	462	11	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	462	12	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	462	13	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	462	14	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	462	15	X1(si	x1(si	NN
work_b3ftiyv34jhylmblxzqccxhcby	462	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	462	17	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	462	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	462	19	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	462	20	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	462	21	αE1	αE1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	462	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	462	23	Ei1[v	ei1[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	462	24	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	462	25	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	462	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	462	27	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	462	28	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	462	29	−αE1	−αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	462	30	αE1	αe1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	462	31	E1[θ1	e1[θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	462	32	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	462	33	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	462	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	462	35	25	25	CD
work_b3ftiyv34jhylmblxzqccxhcby	462	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	462	37	X2(si	X2(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	462	38	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	462	39	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	462	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	462	41	p1,p2	p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	462	42	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	462	43	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	462	44	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	462	45	αE2	αE2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	462	46	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	462	47	Ei2[v	ei2[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	462	48	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	462	49	−p2	−p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	462	50	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	462	51	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	463	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	463	2	26	26	CD
work_b3ftiyv34jhylmblxzqccxhcby	463	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	463	4	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	463	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	463	6	event	event	NN
work_b3ftiyv34jhylmblxzqccxhcby	463	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	463	8	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	463	9	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	463	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	463	11	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	463	12	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	463	13	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	463	14			NN
work_b3ftiyv34jhylmblxzqccxhcby	463	15	a	a	NNS
work_b3ftiyv34jhylmblxzqccxhcby	463	16	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	463	17	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	463	18	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	463	19	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	463	20	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	463	21	αE1	αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	463	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	463	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	463	24	∂xi2/∂p2	∂xi2/∂p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	463	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	463	26	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	463	27	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	463	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	463	29	Covi1[v	Covi1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	463	30	−p2,p2	−p2,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	463	31	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	463	32	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	463	33	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	463	34	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	463	35	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	463	36	a∗∗1	a∗∗1	CD
work_b3ftiyv34jhylmblxzqccxhcby	463	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	463	38	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	463	39	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	463	40	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	463	41	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	463	42	αP1	αP1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	463	43	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	463	44	αE1	αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	463	45	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	463	46	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	463	47	∂xi2/∂p2	∂xi2/∂p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	463	48	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	463	49	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	463	50	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	463	51	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	463	52	Covi1[v	Covi1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	463	53	−p2,p2	−p2,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	463	54	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	463	55	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	463	56	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	463	57	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	463	58	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	464	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	464	2	27	27	CD
work_b3ftiyv34jhylmblxzqccxhcby	464	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	464	4	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	464	5	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	464	6	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	464	7	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	464	8	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	464	9	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	464	10	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	464	11	αE1	αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	464	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	464	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	464	14	∂xi2/∂p2	∂xi2/∂p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	464	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	464	16	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	464	17	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	464	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	464	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	464	20	Covi1[v	Covi1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	464	21	−p2,p2	−p2,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	464	22	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	464	23	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	464	24	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	464	25	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	464	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	465	1	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	465	2	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	465	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	465	4	26	26	CD
work_b3ftiyv34jhylmblxzqccxhcby	465	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	465	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	465	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	465	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	465	9	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	465	10	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	465	11	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	465	12	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	465	13	behaves	behave	NNS
work_b3ftiyv34jhylmblxzqccxhcby	465	14	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	465	15	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	465	16	he	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	465	17	were	be	VBD
work_b3ftiyv34jhylmblxzqccxhcby	465	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	465	19	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	465	20	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	465	21	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	465	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	466	1	So	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	466	2	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	466	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	466	4	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	466	5	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	466	6	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	466	7	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	466	8	loads	load	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	466	9	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	466	10	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	466	11	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	466	12	anticipating	anticipate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	466	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	466	14	second-	second-	NN
work_b3ftiyv34jhylmblxzqccxhcby	466	15	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	466	16	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	466	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	466	18	scaling	scale	VBG
work_b3ftiyv34jhylmblxzqccxhcby	466	19	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	466	20	down	down	RP
work_b3ftiyv34jhylmblxzqccxhcby	466	21	according	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	466	22	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	466	23	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	466	24	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	466	25	regarding	regard	VBG
work_b3ftiyv34jhylmblxzqccxhcby	466	26	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	466	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	466	28	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	466	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	466	30	19	19	CD
work_b3ftiyv34jhylmblxzqccxhcby	466	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	466	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	466	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	467	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	467	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	467	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	467	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	467	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	467	6	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	467	7	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	467	8	strategy	strategy	NN
work_b3ftiyv34jhylmblxzqccxhcby	467	9	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	467	10	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	467	11	expressed	express	VBN
work_b3ftiyv34jhylmblxzqccxhcby	467	12	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	467	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	467	14	sum	sum	NN
work_b3ftiyv34jhylmblxzqccxhcby	467	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	467	16	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	467	17	components	component	NNS
work_b3ftiyv34jhylmblxzqccxhcby	467	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	467	19	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	467	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	467	21	25	25	CD
work_b3ftiyv34jhylmblxzqccxhcby	467	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	467	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	467	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	468	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	468	2	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	468	3	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	468	4	captures	capture	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	468	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	468	6	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	468	7	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	468	8	activity	activity	NN
work_b3ftiyv34jhylmblxzqccxhcby	468	9	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	468	10	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	468	11	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	468	12	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	468	13	estimation	estimation	NN
work_b3ftiyv34jhylmblxzqccxhcby	468	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	468	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	468	16	difference	difference	NN
work_b3ftiyv34jhylmblxzqccxhcby	468	17	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	468	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	468	19	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	468	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	468	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	468	22	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	468	23	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	468	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	469	1	Such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	469	2	activity	activity	NN
work_b3ftiyv34jhylmblxzqccxhcby	469	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	469	4	akin	akin	JJ
work_b3ftiyv34jhylmblxzqccxhcby	469	5	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	469	6	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	469	7	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	469	8	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	469	9	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	469	10	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	469	11	speculative	speculative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	469	12	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	469	13	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	469	14	aims	aim	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	469	15	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	469	16	take	take	VB
work_b3ftiyv34jhylmblxzqccxhcby	469	17	advantage	advantage	NN
work_b3ftiyv34jhylmblxzqccxhcby	469	18	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	469	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	469	20	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	469	21	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	469	22	superior	superior	JJ
work_b3ftiyv34jhylmblxzqccxhcby	469	23	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	469	24	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	469	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	469	26	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	469	27	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	469	28	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	469	29	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	469	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	469	31	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	469	32	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	469	33	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	469	34	correlated	correlate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	469	35	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	469	36	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	469	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	469	38	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	470	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	470	2	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	470	3	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	470	4	captures	capture	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	470	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	470	6	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	470	7	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	470	8	activity	activity	NN
work_b3ftiyv34jhylmblxzqccxhcby	470	9	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	470	10	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	470	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	470	12	extraction	extraction	NN
work_b3ftiyv34jhylmblxzqccxhcby	470	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	470	14	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	470	15	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	470	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	470	17	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	470	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	470	19	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	470	20	flow	flow	NN
work_b3ftiyv34jhylmblxzqccxhcby	470	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	470	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	471	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	471	2	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	471	3	instead	instead	RB
work_b3ftiyv34jhylmblxzqccxhcby	471	4	aims	aim	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	471	5	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	471	6	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	471	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	471	8	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	471	9	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	471	10	exploiting	exploit	VBG
work_b3ftiyv34jhylmblxzqccxhcby	471	11	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	471	12	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	471	13	run	run	NN
work_b3ftiyv34jhylmblxzqccxhcby	471	14	movements	movement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	471	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	471	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	471	17	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	471	18	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	471	19	related	relate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	471	20	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	471	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	471	22	evolution	evolution	NN
work_b3ftiyv34jhylmblxzqccxhcby	471	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	471	24	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	471	25	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	471	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	472	1	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	472	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	472	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	472	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	472	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	472	6	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	472	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	472	8	closer	close	JJR
work_b3ftiyv34jhylmblxzqccxhcby	472	9	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	472	10	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	472	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	473	1	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	473	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	473	3	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	473	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	473	5	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	473	6	observing	observe	VBG
work_b3ftiyv34jhylmblxzqccxhcby	473	7	E1[θ1	e1[θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	473	8	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	473	9	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	473	10	a1(v	a1(v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	473	11	−E1[v	−E1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	473	12	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	473	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	473	14	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	473	15	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	473	16	>	>	NN
work_b3ftiyv34jhylmblxzqccxhcby	473	17	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	473	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	473	19	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	473	20	infers	infer	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	473	21	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	473	22	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	473	23	realization	realization	NN
work_b3ftiyv34jhylmblxzqccxhcby	473	24	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	473	25	mainly	mainly	RB
work_b3ftiyv34jhylmblxzqccxhcby	473	26	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	473	27	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	473	28	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	473	29	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	473	30	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	473	31	he	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	473	32	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	473	33	goes	go	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	473	34	long	long	RB
work_b3ftiyv34jhylmblxzqccxhcby	473	35	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	473	36	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	473	37	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	473	38	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	473	39	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	473	40	chasing	chase	VBG
work_b3ftiyv34jhylmblxzqccxhcby	473	41	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	473	42	trend	trend	NN
work_b3ftiyv34jhylmblxzqccxhcby	473	43	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	473	44	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	474	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	474	2	behavior	behavior	NN
work_b3ftiyv34jhylmblxzqccxhcby	474	3	reflects	reflect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	474	4	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	474	5	anticipa-	anticipa-	NN
work_b3ftiyv34jhylmblxzqccxhcby	474	6	tion	tion	NN
work_b3ftiyv34jhylmblxzqccxhcby	474	7	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	474	8	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	474	9	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	474	10	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	474	11	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	474	12	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	474	13	bid	bid	VB
work_b3ftiyv34jhylmblxzqccxhcby	474	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	474	15	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	474	16	up	up	RP
work_b3ftiyv34jhylmblxzqccxhcby	474	17	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	474	18	he	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	474	19	unwinds	unwind	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	474	20	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	474	21	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	474	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	474	23	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	474	24	implied	imply	VBN
work_b3ftiyv34jhylmblxzqccxhcby	474	25	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	474	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	474	27	sign	sign	NN
work_b3ftiyv34jhylmblxzqccxhcby	474	28	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	474	29	Covi1[v−p2,p2−p1	Covi1[v−p2,p2−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	474	30	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	474	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	475	1	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	475	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	475	3	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	475	4	Keynesian	keynesian	JJ
work_b3ftiyv34jhylmblxzqccxhcby	475	5	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	475	6	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	475	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	475	8	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	475	9	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	475	10	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	475	11	more	more	JJR
work_b3ftiyv34jhylmblxzqccxhcby	475	12	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	475	13	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	475	14	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	475	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	475	16	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	475	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	475	18	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	475	19	acts	act	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	475	20	instead	instead	RB
work_b3ftiyv34jhylmblxzqccxhcby	475	21	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	475	22	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	475	23	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	475	24	contrarian	contrarian	JJ
work_b3ftiyv34jhylmblxzqccxhcby	475	25	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	475	26	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	475	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	476	1	29	29	CD
work_b3ftiyv34jhylmblxzqccxhcby	476	2	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	476	3	observation	observation	NN
work_b3ftiyv34jhylmblxzqccxhcby	476	4	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	476	5	suggests	suggest	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	476	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	476	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	476	8	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	476	9	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	476	10	behavior	behavior	NN
work_b3ftiyv34jhylmblxzqccxhcby	476	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	476	12	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	476	13	in-	in-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	476	14	vestors	vestor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	476	15	differs	differ	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	476	16	across	across	IN
work_b3ftiyv34jhylmblxzqccxhcby	476	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	476	18	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	476	19	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	476	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	477	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	477	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	477	3	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	477	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	477	5	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	477	6	trade	trade	VBP
work_b3ftiyv34jhylmblxzqccxhcby	477	7	less	less	RBR
work_b3ftiyv34jhylmblxzqccxhcby	477	8	aggressively	aggressively	RB
work_b3ftiyv34jhylmblxzqccxhcby	477	9	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	477	10	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	477	11	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	477	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	477	13	thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	477	14	exploit	exploit	VBP
work_b3ftiyv34jhylmblxzqccxhcby	477	15	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	477	16	aggressively	aggressively	RB
work_b3ftiyv34jhylmblxzqccxhcby	477	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	477	18	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	477	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	477	20	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	477	21	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	477	22	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	477	23	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	477	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	478	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	478	2	opposite	opposite	JJ
work_b3ftiyv34jhylmblxzqccxhcby	478	3	occurs	occur	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	478	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	478	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	478	6	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	478	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	478	8	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	478	9	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	478	10	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	478	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	478	12	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	478	13	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	478	14	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	478	15	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	478	16	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	478	17	relatively	relatively	RB
work_b3ftiyv34jhylmblxzqccxhcby	478	18	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	478	19	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	478	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	479	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	479	2	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	479	3	demonstrate	demonstrate	VB
work_b3ftiyv34jhylmblxzqccxhcby	479	4	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	479	5	claims	claim	NNS
work_b3ftiyv34jhylmblxzqccxhcby	479	6	formally	formally	RB
work_b3ftiyv34jhylmblxzqccxhcby	479	7	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	479	8	evaluating	evaluate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	479	9	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	479	10	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	479	11	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	479	12	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	479	13	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	479	14	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	15	aggregate	aggregate	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	16	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	17	∫	∫	:
work_b3ftiyv34jhylmblxzqccxhcby	479	18	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	479	19	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	479	20	X1(si	x1(si	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	479	22	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	24	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	25	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	479	26	X1(v	x1(v	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	479	28	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	479	31	X1(v	x1(v	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	479	33	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	35	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	479	36	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	37	αE1	αE1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	38	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	39	Ē1[v	ē1[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	40	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	41	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	42	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	43	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	479	44	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	45	−αE1	−αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	479	46	αE1	αe1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	479	47	E1[θ1	E1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	48	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	49	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	479	50	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	51	28	28	CD
work_b3ftiyv34jhylmblxzqccxhcby	479	52	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	53	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	479	54	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	479	55	computing	compute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	479	56	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	479	57	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	479	58	covariances	covariance	NNS
work_b3ftiyv34jhylmblxzqccxhcby	479	59	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	479	60	Cov	Cov	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	61	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	62	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	63	αE1	αE1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	64	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	65	Ē1[v	ē1[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	66	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	67	−p1),θ1	−p1),θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	68	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	69	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	479	70	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	71	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	72	a21	a21	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	73	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	74	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	479	75	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	76	αE1	αe1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	479	77	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	78	τ1τu	τ1τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	79	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	80	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	479	81	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	479	82	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	83	29a	29a	CD
work_b3ftiyv34jhylmblxzqccxhcby	479	84	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	85	Cov	Cov	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	86	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	87	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	88	−αE1	−αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	479	89	αE1	αe1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	479	90	E1[θ1],θ1	E1[θ1],θ1	.
work_b3ftiyv34jhylmblxzqccxhcby	479	91	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	92	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	479	93	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	94	−αE1	−αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	479	95	αE1	αe1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	479	96	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	97	τ1τu	τ1τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	98			NNS
work_b3ftiyv34jhylmblxzqccxhcby	479	99			XX
work_b3ftiyv34jhylmblxzqccxhcby	479	100	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	479	101	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	479	102	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	103	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	479	104	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	479	105	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	479	106	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	107	29b	29b	LS
work_b3ftiyv34jhylmblxzqccxhcby	479	108	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	109	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	479	110	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	479	111	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	479	112	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	479	113	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	114	speculative	speculative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	479	115	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	116	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	479	117	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	479	118	negatively	negatively	RB
work_b3ftiyv34jhylmblxzqccxhcby	479	119	correlated	correlate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	479	120	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	479	121	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	479	122	noise	noise	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	123	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	479	124	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	125	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	479	126	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	127	29a	29a	CD
work_b3ftiyv34jhylmblxzqccxhcby	479	128	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	129	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	479	130	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	480	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	480	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	480	3	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	480	4	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	480	5	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	480	6	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	480	7	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	480	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	480	9	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	480	10	correlation	correlation	NN
work_b3ftiyv34jhylmblxzqccxhcby	480	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	480	12	observed	observe	VBN
work_b3ftiyv34jhylmblxzqccxhcby	480	13	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	480	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	480	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	480	16	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	480	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	480	18	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	480	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	480	20	29b	29b	NNS
work_b3ftiyv34jhylmblxzqccxhcby	480	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	480	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	480	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	481	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	481	2	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	481	3	words	word	NNS
work_b3ftiyv34jhylmblxzqccxhcby	481	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	481	5	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	481	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	481	7	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	481	8	noise	noise	NN
work_b3ftiyv34jhylmblxzqccxhcby	481	9	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	481	10	realization	realization	NN
work_b3ftiyv34jhylmblxzqccxhcby	481	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	481	12	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	481	13	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	481	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	481	15	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	481	16	speculate	speculate	NN
work_b3ftiyv34jhylmblxzqccxhcby	481	17	against	against	IN
work_b3ftiyv34jhylmblxzqccxhcby	481	18	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	481	19	according	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	481	20	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	481	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	481	22	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	481	23	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	481	24	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	481	25	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	481	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	481	27	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	481	28	strategy	strategy	NN
work_b3ftiyv34jhylmblxzqccxhcby	481	29	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	481	30	apparently	apparently	RB
work_b3ftiyv34jhylmblxzqccxhcby	481	31	trading	trade	VBG
work_b3ftiyv34jhylmblxzqccxhcby	481	32	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	481	33	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	481	34	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	481	35	according	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	481	36	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	481	37	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	481	38	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	481	39	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	481	40	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	481	41	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	481	42	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	482	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	482	2	intuition	intuition	NN
work_b3ftiyv34jhylmblxzqccxhcby	482	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	482	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	482	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	482	6	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	482	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	482	8	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	482	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	482	10	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	482	11	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	482	12	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	482	13	aggressively	aggressively	RB
work_b3ftiyv34jhylmblxzqccxhcby	482	14	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	482	15	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	482	16	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	482	17	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	482	18	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	482	19	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	482	20	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	482	21	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	482	22	offset	offset	VB
work_b3ftiyv34jhylmblxzqccxhcby	482	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	482	24	initial	initial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	482	25	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	482	26	deviation	deviation	NN
work_b3ftiyv34jhylmblxzqccxhcby	482	27	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	482	28	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	482	29	generated	generate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	482	30	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	482	31	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	482	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	483	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	483	2	example	example	NN
work_b3ftiyv34jhylmblxzqccxhcby	483	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	483	4	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	483	5	θ1	θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	483	6	>	>	FW
work_b3ftiyv34jhylmblxzqccxhcby	483	7	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	483	8	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	483	9	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	483	10	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	483	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	483	12	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	483	13	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	483	14	aggressively	aggressively	RB
work_b3ftiyv34jhylmblxzqccxhcby	483	15	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	483	16	its	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	483	17	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	483	18	undershoots	undershoot	NNS
work_b3ftiyv34jhylmblxzqccxhcby	483	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	483	20	fundamentals.31	fundamentals.31	NNP
work_b3ftiyv34jhylmblxzqccxhcby	483	21	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	483	22	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	483	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	483	24	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	483	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	483	26	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	483	27	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	483	28	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	483	29	profitable	profitable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	483	30	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	483	31	purchase	purchase	VB
work_b3ftiyv34jhylmblxzqccxhcby	483	32	shares	share	NNS
work_b3ftiyv34jhylmblxzqccxhcby	483	33	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	483	34	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	483	35	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	483	36	flow	flow	NN
work_b3ftiyv34jhylmblxzqccxhcby	483	37	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	483	38	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	484	1	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	484	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	484	3	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	484	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	484	5	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	484	6	trade	trade	VBP
work_b3ftiyv34jhylmblxzqccxhcby	484	7	less	less	RBR
work_b3ftiyv34jhylmblxzqccxhcby	484	8	aggressively	aggressively	RB
work_b3ftiyv34jhylmblxzqccxhcby	484	9	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	484	10	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	484	11	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	484	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	484	13	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	484	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	484	15	covariances	covariance	NNS
work_b3ftiyv34jhylmblxzqccxhcby	484	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	484	17	both	both	CC
work_b3ftiyv34jhylmblxzqccxhcby	484	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	484	19	long-	long-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	484	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	484	21	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	484	22	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	484	23	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	484	24	components	component	NNS
work_b3ftiyv34jhylmblxzqccxhcby	484	25	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	484	26	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	484	27	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	484	28	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	484	29	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	484	30	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	484	31	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	484	32	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	484	33	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	484	34	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	484	35	concordant	concordant	NN
work_b3ftiyv34jhylmblxzqccxhcby	484	36	signs	sign	NNS
work_b3ftiyv34jhylmblxzqccxhcby	484	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	485	1	Remark	Remark	NNP
work_b3ftiyv34jhylmblxzqccxhcby	485	2	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	485	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	486	1	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	486	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	486	3	interesting	interesting	JJ
work_b3ftiyv34jhylmblxzqccxhcby	486	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	486	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	486	6	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	486	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	486	8	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	486	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	486	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	486	11	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	486	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	486	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	486	14	Giffen	Giffen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	486	15	good	good	NN
work_b3ftiyv34jhylmblxzqccxhcby	486	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	486	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	486	18	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	486	19	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	486	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	486	21	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	486	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	486	23	27	27	CD
work_b3ftiyv34jhylmblxzqccxhcby	486	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	486	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	486	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	487	1	Differentiating	differentiate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	487	2	xi2	xi2	NN
work_b3ftiyv34jhylmblxzqccxhcby	487	3	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	487	4	respect	respect	NN
work_b3ftiyv34jhylmblxzqccxhcby	487	5	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	487	6	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	487	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	487	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	487	9	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	487	10	break	break	VB
work_b3ftiyv34jhylmblxzqccxhcby	487	11	down	down	RP
work_b3ftiyv34jhylmblxzqccxhcby	487	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	487	13	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	487	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	487	15	31We	31We	NNP
work_b3ftiyv34jhylmblxzqccxhcby	487	16	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	487	17	prove	prove	VB
work_b3ftiyv34jhylmblxzqccxhcby	487	18	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	487	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	487	20	29a	29a	CD
work_b3ftiyv34jhylmblxzqccxhcby	487	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	487	22	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	487	23	larger	large	JJR
work_b3ftiyv34jhylmblxzqccxhcby	487	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	487	25	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	487	26	absolute	absolute	JJ
work_b3ftiyv34jhylmblxzqccxhcby	487	27	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	487	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	487	29	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	487	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	487	31	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	487	32	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	487	33	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	487	34	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	487	35	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	487	36	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	487	37	τη	τη	FW
work_b3ftiyv34jhylmblxzqccxhcby	487	38	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	487	39	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	487	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	487	41	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	487	42	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	487	43	numerical	numerical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	487	44	simulations	simulation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	487	45	indicate	indicate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	487	46	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	487	47	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	487	48	difference	difference	NN
work_b3ftiyv34jhylmblxzqccxhcby	487	49	holds	hold	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	487	50	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	487	51	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	487	52	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	487	53	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	487	54	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	487	55	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	488	1	30	30	CD
work_b3ftiyv34jhylmblxzqccxhcby	488	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	488	3	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	488	4	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	488	5	into	into	IN
work_b3ftiyv34jhylmblxzqccxhcby	488	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	488	7	substitution	substitution	NN
work_b3ftiyv34jhylmblxzqccxhcby	488	8	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	488	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	488	10	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	488	11	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	488	12	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	488	13	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	488	14	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	488	15	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	488	16	∂X2(si	∂x2(si	CD
work_b3ftiyv34jhylmblxzqccxhcby	488	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	488	18	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	488	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	488	20	p1,p2	p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	488	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	488	22	∂p2	∂p2	.
work_b3ftiyv34jhylmblxzqccxhcby	488	23	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	488	24	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	488	25	αE2	αE2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	488	26			NNP
work_b3ftiyv34jhylmblxzqccxhcby	488	27			NNP
work_b3ftiyv34jhylmblxzqccxhcby	488	28	∂Ei2[v]∂p2︸	∂Ei2[v]∂p2︸	NNP
work_b3ftiyv34jhylmblxzqccxhcby	488	29	︷︷	︷︷	NNP
work_b3ftiyv34jhylmblxzqccxhcby	488	30	︸	︸	NNP
work_b3ftiyv34jhylmblxzqccxhcby	488	31	Information	Information	NNP
work_b3ftiyv34jhylmblxzqccxhcby	488	32	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	488	33	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	488	34	1︸︷︷︸	1︸︷︷︸	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	488	35	Substitution	substitution	NN
work_b3ftiyv34jhylmblxzqccxhcby	488	36	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	488	37			CD
work_b3ftiyv34jhylmblxzqccxhcby	488	38			JJ
work_b3ftiyv34jhylmblxzqccxhcby	488	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	489	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	489	2	30	30	CD
work_b3ftiyv34jhylmblxzqccxhcby	489	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	489	4	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	489	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	489	6	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	489	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	489	8	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	489	9	rely	rely	VBP
work_b3ftiyv34jhylmblxzqccxhcby	489	10	strongly	strongly	RB
work_b3ftiyv34jhylmblxzqccxhcby	489	11	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	489	12	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	489	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	489	14	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	489	15	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	489	16	extremely	extremely	RB
work_b3ftiyv34jhylmblxzqccxhcby	489	17	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	489	18	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	489	19	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	489	20	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	489	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	490	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	490	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	490	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	490	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	490	6	substitution	substitution	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	7	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	490	9	swamped	swamp	VBN
work_b3ftiyv34jhylmblxzqccxhcby	490	10	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	490	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	490	12	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	13	effect.32	effect.32	NNP
work_b3ftiyv34jhylmblxzqccxhcby	490	14	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	490	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	490	16	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	490	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	490	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	490	19	opposite	opposite	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	20	happens	happen	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	490	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	490	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	490	23	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	24	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	490	25	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	490	26	normal	normal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	490	27	good	good	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	28	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	490	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	490	30	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	490	31	period.33	period.33	NNP
work_b3ftiyv34jhylmblxzqccxhcby	490	32	Giffen	Giffen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	490	33	goods	good	NNS
work_b3ftiyv34jhylmblxzqccxhcby	490	34	often	often	RB
work_b3ftiyv34jhylmblxzqccxhcby	490	35	arise	arise	VBP
work_b3ftiyv34jhylmblxzqccxhcby	490	36	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	490	37	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	490	38	learning	learning	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	39	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	490	40	uninformed	uninformed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	490	41	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	490	42	prevails	prevail	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	490	43	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	490	44	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	490	45	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	490	46	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	47	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	490	48	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	490	49	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	50	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	51	dominates	dominate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	490	52	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	490	53	substitution	substitution	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	54	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	490	55	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	490	56	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	490	57	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	490	58	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	490	59	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	490	60	Barlevy	Barlevy	NNP
work_b3ftiyv34jhylmblxzqccxhcby	490	61	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	490	62	Veronesi	Veronesi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	490	63	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	490	64	2003	2003	CD
work_b3ftiyv34jhylmblxzqccxhcby	490	65	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	490	66	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	490	67	Yuan	Yuan	NNP
work_b3ftiyv34jhylmblxzqccxhcby	490	68	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	490	69	2005	2005	CD
work_b3ftiyv34jhylmblxzqccxhcby	490	70	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	490	71	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	490	72	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	490	73	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	490	74	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	490	75	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	490	76	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	490	77	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	491	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	491	2	could	could	MD
work_b3ftiyv34jhylmblxzqccxhcby	491	3	happen	happen	VB
work_b3ftiyv34jhylmblxzqccxhcby	491	4	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	491	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	491	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	491	7	presence	presence	NN
work_b3ftiyv34jhylmblxzqccxhcby	491	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	491	9	feedback	feedback	NN
work_b3ftiyv34jhylmblxzqccxhcby	491	10	effects	effect	NNS
work_b3ftiyv34jhylmblxzqccxhcby	491	11	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	491	12	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	491	13	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	491	14	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	491	15	both	both	CC
work_b3ftiyv34jhylmblxzqccxhcby	491	16	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	491	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	491	18	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	491	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	491	20	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	491	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	491	22	likelihood	likelihood	NN
work_b3ftiyv34jhylmblxzqccxhcby	491	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	491	24	coordination	coordination	NN
work_b3ftiyv34jhylmblxzqccxhcby	491	25	among	among	IN
work_b3ftiyv34jhylmblxzqccxhcby	491	26	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	491	27	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	491	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	491	29	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	491	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	491	31	feedback	feedback	NN
work_b3ftiyv34jhylmblxzqccxhcby	491	32	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	491	33	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	491	34	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	491	35	strengthen	strengthen	VB
work_b3ftiyv34jhylmblxzqccxhcby	491	36	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	491	37	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	491	38	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	491	39	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	491	40	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	491	41	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	491	42	Ozdenoren	Ozdenoren	NNP
work_b3ftiyv34jhylmblxzqccxhcby	491	43	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	491	44	Yuan	Yuan	NNP
work_b3ftiyv34jhylmblxzqccxhcby	491	45	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	491	46	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	491	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	491	48	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	491	49	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	492	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	492	2	last	last	JJ
work_b3ftiyv34jhylmblxzqccxhcby	492	3	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	492	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	492	5	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	492	6	section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	492	7	relates	relate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	492	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	492	9	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	492	10	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	492	11	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	492	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	492	13	reliance	reliance	NN
work_b3ftiyv34jhylmblxzqccxhcby	492	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	492	15	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	492	16	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	492	17	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	492	18	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	492	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	493	1	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	493	2	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	493	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	494	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	494	2	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	494	3	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	494	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	494	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	495	1	1	1	LS
work_b3ftiyv34jhylmblxzqccxhcby	495	2	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	496	1	Let	let	VB
work_b3ftiyv34jhylmblxzqccxhcby	496	2	β	β	PRP
work_b3ftiyv34jhylmblxzqccxhcby	496	3	∈	∈	VB
work_b3ftiyv34jhylmblxzqccxhcby	496	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	496	5	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	496	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	496	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	496	8	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	496	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	496	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	496	11	assume	assume	VB
work_b3ftiyv34jhylmblxzqccxhcby	496	12	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	496	13	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	496	14	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	496	15	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	496	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	497	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	497	2	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	497	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	497	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	497	5	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	497	6	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	497	7	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	497	8			NN
work_b3ftiyv34jhylmblxzqccxhcby	497	9	a	a	NNS
work_b3ftiyv34jhylmblxzqccxhcby	497	10	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	497	11	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	497	12	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	497	13	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	497	14	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	497	15	αE1	αe1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	497	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	497	17	Cov[p1,v	Cov[p1,v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	497	18	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	497	19	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	497	20	Cov[Ē1[v],v	cov[ē1[v],v	NN
work_b3ftiyv34jhylmblxzqccxhcby	497	21	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	497	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	497	23	a∗∗∗1	a∗∗∗1	UH
work_b3ftiyv34jhylmblxzqccxhcby	497	24	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	497	25	αP1	αp1	UH
work_b3ftiyv34jhylmblxzqccxhcby	497	26	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	497	27	αE1	αe1	NN
work_b3ftiyv34jhylmblxzqccxhcby	497	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	497	29	Cov[p1,v	Cov[p1,v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	497	30	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	497	31	>	>	NN
work_b3ftiyv34jhylmblxzqccxhcby	497	32	Cov[Ē1[v],v	cov[ē1[v],v	NN
work_b3ftiyv34jhylmblxzqccxhcby	497	33	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	497	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	498	1	2	2	LS
work_b3ftiyv34jhylmblxzqccxhcby	498	2	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	499	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	499	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	499	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	499	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	499	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	499	6	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	499	7	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	499	8	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	499	9	αE1	αe1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	499	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	499	11	Cov[p1,v	Cov[p1,v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	499	12	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	499	13	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	499	14	Cov[Ē1[v],v	cov[ē1[v],v	NN
work_b3ftiyv34jhylmblxzqccxhcby	499	15	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	499	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	500	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	500	2	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	500	3	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	500	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	500	5	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	500	6	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	500	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	500	8	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	500	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	500	10	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	500	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	500	12	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	500	13	escalate	escalate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	500	14	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	500	15	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	500	16	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	500	17	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	500	18	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	500	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	501	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	501	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	501	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	501	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	501	5	extra	extra	JJ
work_b3ftiyv34jhylmblxzqccxhcby	501	6	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	501	7	added	add	VBN
work_b3ftiyv34jhylmblxzqccxhcby	501	8	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	501	9	ᾱE1	ᾱE1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	501	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	501	11	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	501	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	501	13	11	11	CD
work_b3ftiyv34jhylmblxzqccxhcby	501	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	501	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	501	16	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	501	17	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	501	18	enough	enough	RB
work_b3ftiyv34jhylmblxzqccxhcby	501	19	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	501	20	draw	draw	VB
work_b3ftiyv34jhylmblxzqccxhcby	501	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	501	22	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	501	23	closer	close	JJR
work_b3ftiyv34jhylmblxzqccxhcby	501	24	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	501	25	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	501	26	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	501	27	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	501	28	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	501	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	501	30	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	501	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	501	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	501	33	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	501	34	contrast	contrast	NN
work_b3ftiyv34jhylmblxzqccxhcby	501	35	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	501	36	Allen	Allen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	501	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	501	38	Morris	Morris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	501	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	501	40	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	501	41	Shin	Shin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	501	42	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	501	43	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	501	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	501	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	502	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	502	2	view	view	NN
work_b3ftiyv34jhylmblxzqccxhcby	502	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	502	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	502	5	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	502	6	obtained	obtain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	502	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	502	8	Section	Section	NNP
work_b3ftiyv34jhylmblxzqccxhcby	502	9	III.D	III.D	NNP
work_b3ftiyv34jhylmblxzqccxhcby	502	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	502	11	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	502	12	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	502	13	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	502	14	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	502	15	provided	provide	VBN
work_b3ftiyv34jhylmblxzqccxhcby	502	16	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	502	17	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	502	18	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	502	19	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	502	20	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	502	21	too	too	RB
work_b3ftiyv34jhylmblxzqccxhcby	502	22	much	much	RB
work_b3ftiyv34jhylmblxzqccxhcby	502	23	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	502	24	precise	precise	JJ
work_b3ftiyv34jhylmblxzqccxhcby	502	25	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	502	26	32See	32see	CD
work_b3ftiyv34jhylmblxzqccxhcby	502	27	Admati	Admati	NNP
work_b3ftiyv34jhylmblxzqccxhcby	502	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	502	29	1985	1985	CD
work_b3ftiyv34jhylmblxzqccxhcby	502	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	502	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	502	32	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	502	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	502	34	2005	2005	CD
work_b3ftiyv34jhylmblxzqccxhcby	502	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	502	36	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	502	37	discussions	discussion	NNS
work_b3ftiyv34jhylmblxzqccxhcby	502	38	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	502	39	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	502	40	existence	existence	NN
work_b3ftiyv34jhylmblxzqccxhcby	502	41	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	502	42	Giffen	Giffen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	502	43	assets	asset	NNS
work_b3ftiyv34jhylmblxzqccxhcby	502	44	due	due	JJ
work_b3ftiyv34jhylmblxzqccxhcby	502	45	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	502	46	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	502	47	effects	effect	NNS
work_b3ftiyv34jhylmblxzqccxhcby	502	48	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	502	49	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	502	50	context	context	NN
work_b3ftiyv34jhylmblxzqccxhcby	502	51	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	502	52	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	502	53	multi	multi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	502	54	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	502	55	asset	asset	JJ
work_b3ftiyv34jhylmblxzqccxhcby	502	56	REE	ree	NN
work_b3ftiyv34jhylmblxzqccxhcby	502	57	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	502	58	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	503	1	33To	33To	NNP
work_b3ftiyv34jhylmblxzqccxhcby	503	2	see	see	VBP
work_b3ftiyv34jhylmblxzqccxhcby	503	3	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	503	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	503	5	observe	observe	VB
work_b3ftiyv34jhylmblxzqccxhcby	503	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	503	7	∂xi2/∂p2	∂xi2/∂p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	503	8	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	503	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	503	10	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	503	11	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	503	12	αE2	αe2	NN
work_b3ftiyv34jhylmblxzqccxhcby	503	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	503	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	503	15	∆a2τu	∆a2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	503	16	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	503	17	λ2τi2	λ2τi2	.
work_b3ftiyv34jhylmblxzqccxhcby	503	18	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	503	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	503	20	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	503	21	−γτi2/(1	−γτi2/(1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	503	22	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	503	23	γ∆a2τu	γ∆a2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	503	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	503	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	504	1	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	504	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	504	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	504	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	504	5	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	504	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	504	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	504	8	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	504	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	504	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	504	11	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	504	12	shown	show	VBN
work_b3ftiyv34jhylmblxzqccxhcby	504	13	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	504	14	Proposition	Proposition	NNP
work_b3ftiyv34jhylmblxzqccxhcby	504	15	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	504	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	504	17	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	504	18	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	504	19	γ∆a2τu	γ∆a2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	504	20	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	504	21	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	504	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	504	23	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	504	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	504	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	504	26	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	504	27	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	504	28	γ∆a2τu	γ∆a2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	504	29	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	504	30	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	504	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	504	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	505	1	These	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	505	2	inequalities	inequality	NNS
work_b3ftiyv34jhylmblxzqccxhcby	505	3	prove	prove	VBP
work_b3ftiyv34jhylmblxzqccxhcby	505	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	505	5	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	505	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	506	1	31	31	CD
work_b3ftiyv34jhylmblxzqccxhcby	506	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	506	3	exogenous	exogenous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	506	4	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	506	5	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	506	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	507	1	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	507	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	507	3	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	507	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	507	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	507	6	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	507	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	507	8	farther	farther	RB
work_b3ftiyv34jhylmblxzqccxhcby	507	9	away	away	RB
work_b3ftiyv34jhylmblxzqccxhcby	507	10	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	507	11	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	507	12	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	507	13	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	507	14	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	507	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	508	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	508	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	508	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	508	4	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	508	5	shares	share	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	508	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	508	7	same	same	JJ
work_b3ftiyv34jhylmblxzqccxhcby	508	8	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	508	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	508	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	508	11	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	508	12	found	find	VBN
work_b3ftiyv34jhylmblxzqccxhcby	508	13	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	508	14	Allen	Allen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	508	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	508	16	Morris	Morris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	508	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	508	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	508	19	Shin	Shin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	508	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	508	21	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	508	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	508	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	508	24	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	508	25	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	508	26	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	508	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	509	1	Remark	Remark	NNP
work_b3ftiyv34jhylmblxzqccxhcby	509	2	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	509	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	510	1	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	510	2	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	510	3	Numerical	Numerical	NNP
work_b3ftiyv34jhylmblxzqccxhcby	510	4	Result	Result	NNP
work_b3ftiyv34jhylmblxzqccxhcby	510	5	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	510	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	510	7	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	510	8	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	510	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	510	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	510	11	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	510	12	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	510	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	510	14	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	510	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	510	16	larger	large	JJR
work_b3ftiyv34jhylmblxzqccxhcby	510	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	510	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	510	19	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	510	20	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	510	21	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	510	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	510	23	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	510	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	511	1	That	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	511	2	difference	difference	NN
work_b3ftiyv34jhylmblxzqccxhcby	511	3	suggests	suggest	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	511	4	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	511	5	alternative	alternative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	511	6	interpretation	interpretation	NN
work_b3ftiyv34jhylmblxzqccxhcby	511	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	511	8	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	511	9	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	511	10	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	511	11	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	511	12	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	511	13	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	511	14	farther	farther	RB
work_b3ftiyv34jhylmblxzqccxhcby	511	15	away	away	RB
work_b3ftiyv34jhylmblxzqccxhcby	511	16	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	511	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	511	18	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	511	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	511	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	511	21	closer	close	JJR
work_b3ftiyv34jhylmblxzqccxhcby	511	22	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	511	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	511	24	fun-	fun-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	511	25	damentals	damental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	511	26	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	511	27	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	511	28	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	511	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	511	30	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	511	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	511	32	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	511	33	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	511	34	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	511	35	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	511	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	511	37	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	511	38	.	.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	511	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	511	40	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	511	41	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	511	42	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	512	1	From	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	512	2	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	512	3	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	512	4	standpoint	standpoint	NN
work_b3ftiyv34jhylmblxzqccxhcby	512	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	512	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	512	7	implication	implication	NN
work_b3ftiyv34jhylmblxzqccxhcby	512	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	512	9	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	512	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	512	11	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	512	12	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	512	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	512	14	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	512	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	512	16	in-	in-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	512	17	creasing	creasing	NN
work_b3ftiyv34jhylmblxzqccxhcby	512	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	512	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	512	20	extent	extent	NN
work_b3ftiyv34jhylmblxzqccxhcby	512	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	512	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	512	23	difference	difference	NN
work_b3ftiyv34jhylmblxzqccxhcby	512	24	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	512	25	how	how	WRB
work_b3ftiyv34jhylmblxzqccxhcby	512	26	accurately	accurately	RB
work_b3ftiyv34jhylmblxzqccxhcby	512	27	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	512	28	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	512	29	assessed	assess	VBN
work_b3ftiyv34jhylmblxzqccxhcby	512	30	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	512	31	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	512	32	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	512	33	versus	versus	IN
work_b3ftiyv34jhylmblxzqccxhcby	512	34	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	512	35	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	512	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	513	1	F	F	NNP
work_b3ftiyv34jhylmblxzqccxhcby	513	2	Robustness	Robustness	NNP
work_b3ftiyv34jhylmblxzqccxhcby	513	3	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	513	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	513	5	section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	513	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	513	7	perform	perform	VBP
work_b3ftiyv34jhylmblxzqccxhcby	513	8	some	some	DT
work_b3ftiyv34jhylmblxzqccxhcby	513	9	robustness	robustness	NN
work_b3ftiyv34jhylmblxzqccxhcby	513	10	exercises	exercise	NNS
work_b3ftiyv34jhylmblxzqccxhcby	513	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	514	1	First	first	RB
work_b3ftiyv34jhylmblxzqccxhcby	514	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	514	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	514	4	extend	extend	VBP
work_b3ftiyv34jhylmblxzqccxhcby	514	5	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	514	6	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	514	7	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	514	8	encompass	encompass	VB
work_b3ftiyv34jhylmblxzqccxhcby	514	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	514	10	possibility	possibility	NN
work_b3ftiyv34jhylmblxzqccxhcby	514	11	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	514	12	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	514	13	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	514	14	affects	affect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	514	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	514	16	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	514	17	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	514	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	515	1	Second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	515	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	515	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	515	4	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	515	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	515	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	515	7	very	very	RB
work_b3ftiyv34jhylmblxzqccxhcby	515	8	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	515	9	pattern	pattern	NN
work_b3ftiyv34jhylmblxzqccxhcby	515	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	515	11	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	515	12	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	515	13	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	515	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	515	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	515	16	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	515	17	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	515	18	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	515	19	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	515	20	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	515	21	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	515	22	who	who	WP
work_b3ftiyv34jhylmblxzqccxhcby	515	23	face	face	VBP
work_b3ftiyv34jhylmblxzqccxhcby	515	24	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	515	25	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	515	26	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	515	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	515	28	final	final	JJ
work_b3ftiyv34jhylmblxzqccxhcby	515	29	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	515	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	516	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	516	2	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	516	3	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	516	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	516	5	both	both	PDT
work_b3ftiyv34jhylmblxzqccxhcby	516	6	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	516	7	extensions	extension	NNS
work_b3ftiyv34jhylmblxzqccxhcby	516	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	516	9	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	516	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	516	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	516	12	Online	Online	NNP
work_b3ftiyv34jhylmblxzqccxhcby	516	13	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	516	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	516	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	517	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	517	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	517	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	517	4	discuss	discuss	VBP
work_b3ftiyv34jhylmblxzqccxhcby	517	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	517	6	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	517	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	517	8	extending	extend	VBG
work_b3ftiyv34jhylmblxzqccxhcby	517	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	517	10	number	number	NN
work_b3ftiyv34jhylmblxzqccxhcby	517	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	517	12	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	517	13	rounds	round	NNS
work_b3ftiyv34jhylmblxzqccxhcby	517	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	517	15	allowing	allow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	517	16	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	517	17	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	517	18	receive	receive	VB
work_b3ftiyv34jhylmblxzqccxhcby	517	19	more	more	JJR
work_b3ftiyv34jhylmblxzqccxhcby	517	20	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	517	21	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	517	22	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	517	23	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	517	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	518	1	F.1	F.1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	518	2	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	518	3	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	518	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	518	5	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	518	6	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	518	7	Assume	Assume	NNP
work_b3ftiyv34jhylmblxzqccxhcby	518	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	518	9	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	518	10	face	face	VBP
work_b3ftiyv34jhylmblxzqccxhcby	518	11	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	518	12	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	518	13	over	over	IN
work_b3ftiyv34jhylmblxzqccxhcby	518	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	518	15	final	final	JJ
work_b3ftiyv34jhylmblxzqccxhcby	518	16	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	518	17	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	518	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	519	1	That	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	519	2	final	final	JJ
work_b3ftiyv34jhylmblxzqccxhcby	519	3	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	519	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	519	5	written	write	VBN
work_b3ftiyv34jhylmblxzqccxhcby	519	6	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	519	7	v̂	v̂	NNP
work_b3ftiyv34jhylmblxzqccxhcby	519	8	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	519	9	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	519	10	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	519	11	δ	δ	NN
work_b3ftiyv34jhylmblxzqccxhcby	519	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	519	13	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	519	14	δ	δ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	519	15	∼	∼	NNP
work_b3ftiyv34jhylmblxzqccxhcby	519	16	N(0,τ−1δ	N(0,τ−1δ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	519	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	519	18	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	519	19	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	519	20	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	519	21	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	519	22	orthogonal	orthogonal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	519	23	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	519	24	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	519	25	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	519	26	variables	variable	NNS
work_b3ftiyv34jhylmblxzqccxhcby	519	27	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	519	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	519	29	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	519	30	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	519	31	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	519	32	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	519	33	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	519	34	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	519	35	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	519	36	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	519	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	520	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	520	2	inclusion	inclusion	NN
work_b3ftiyv34jhylmblxzqccxhcby	520	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	520	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	520	5	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	520	6	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	520	7	δ	δ	NN
work_b3ftiyv34jhylmblxzqccxhcby	520	8	allows	allow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	520	9	one	one	PRP
work_b3ftiyv34jhylmblxzqccxhcby	520	10	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	520	11	study	study	VB
work_b3ftiyv34jhylmblxzqccxhcby	520	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	520	13	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	520	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	520	15	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	520	16	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	520	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	520	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	520	19	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	520	20	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	520	21	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	520	22	characterizes	characterize	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	520	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	520	24	investing	investing	NN
work_b3ftiyv34jhylmblxzqccxhcby	520	25	environment	environment	NN
work_b3ftiyv34jhylmblxzqccxhcby	520	26	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	520	27	periods	period	NNS
work_b3ftiyv34jhylmblxzqccxhcby	520	28	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	520	29	heightened	heightened	JJ
work_b3ftiyv34jhylmblxzqccxhcby	520	30	turbulence	turbulence	NN
work_b3ftiyv34jhylmblxzqccxhcby	520	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	521	1	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	521	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	521	3	intuitive	intuitive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	521	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	521	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	521	6	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	521	7	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	521	8	face	face	VBP
work_b3ftiyv34jhylmblxzqccxhcby	521	9	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	521	10	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	521	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	521	12	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	521	13	put	put	VBD
work_b3ftiyv34jhylmblxzqccxhcby	521	14	less	less	JJR
work_b3ftiyv34jhylmblxzqccxhcby	521	15	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	521	16	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	521	17	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	521	18	own	own	JJ
work_b3ftiyv34jhylmblxzqccxhcby	521	19	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	521	20	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	521	21	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	521	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	521	23	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	521	24	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	521	25	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	521	26	less	less	RBR
work_b3ftiyv34jhylmblxzqccxhcby	521	27	useful	useful	JJ
work_b3ftiyv34jhylmblxzqccxhcby	521	28	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	521	29	predicting	predict	VBG
work_b3ftiyv34jhylmblxzqccxhcby	521	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	521	31	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	521	32	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	521	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	522	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	522	2	dynamic	dynamic	NN
work_b3ftiyv34jhylmblxzqccxhcby	522	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	522	4	likely	likely	JJ
work_b3ftiyv34jhylmblxzqccxhcby	522	5	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	522	6	weaken	weaken	VB
work_b3ftiyv34jhylmblxzqccxhcby	522	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	522	8	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	522	9	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	522	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	522	11	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	522	12	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	522	13	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	522	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	522	15	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	522	16	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	522	17	eliminate	eliminate	VB
work_b3ftiyv34jhylmblxzqccxhcby	522	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	522	19	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	522	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	523	1	Yet	yet	CC
work_b3ftiyv34jhylmblxzqccxhcby	523	2	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	523	3	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	523	4	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	523	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	523	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	523	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	523	8	general	general	JJ
work_b3ftiyv34jhylmblxzqccxhcby	523	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	523	10	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	523	11	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	523	12	neither	neither	CC
work_b3ftiyv34jhylmblxzqccxhcby	523	13	eliminates	eliminate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	523	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	523	15	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	523	16	nor	nor	CC
work_b3ftiyv34jhylmblxzqccxhcby	523	17	makes	make	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	523	18	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	523	19	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	523	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	524	1	Even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	524	2	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	524	3	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	524	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	524	5	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	524	6	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	524	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	524	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	524	9	expressions	expression	NNS
work_b3ftiyv34jhylmblxzqccxhcby	524	10	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	524	11	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	524	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	524	13	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	524	14	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	524	15	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	524	16	do	do	VBP
work_b3ftiyv34jhylmblxzqccxhcby	524	17	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	524	18	change	change	VB
work_b3ftiyv34jhylmblxzqccxhcby	524	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	524	20	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	524	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	524	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	524	23	expressions	expression	NNS
work_b3ftiyv34jhylmblxzqccxhcby	524	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	524	25	14	14	CD
work_b3ftiyv34jhylmblxzqccxhcby	524	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	524	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	524	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	524	29	25	25	CD
work_b3ftiyv34jhylmblxzqccxhcby	524	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	524	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	524	32	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	524	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	524	34	26	26	CD
work_b3ftiyv34jhylmblxzqccxhcby	524	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	524	36	still	still	RB
work_b3ftiyv34jhylmblxzqccxhcby	524	37	hold	hold	VB
work_b3ftiyv34jhylmblxzqccxhcby	524	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	524	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	525	1	However	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	525	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	525	3	32	32	CD
work_b3ftiyv34jhylmblxzqccxhcby	525	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	525	5	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	525	6	obtains	obtain	NNS
work_b3ftiyv34jhylmblxzqccxhcby	525	7	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	525	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	525	9	solution	solution	NN
work_b3ftiyv34jhylmblxzqccxhcby	525	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	525	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	525	12	system	system	NN
work_b3ftiyv34jhylmblxzqccxhcby	525	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	525	14	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	525	15	highly	highly	RB
work_b3ftiyv34jhylmblxzqccxhcby	525	16	nonlinear	nonlinear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	525	17	equations	equation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	525	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	525	19	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	525	20	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	525	21	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	525	22	difficult	difficult	JJ
work_b3ftiyv34jhylmblxzqccxhcby	525	23	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	525	24	solve	solve	VB
work_b3ftiyv34jhylmblxzqccxhcby	525	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	526	1	Numerical	numerical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	526	2	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	526	3	establishes	establish	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	526	4	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	526	5	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	526	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	526	7	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	526	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	526	9	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	526	10	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	526	11	akin	akin	JJ
work_b3ftiyv34jhylmblxzqccxhcby	526	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	526	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	526	14	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	526	15	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	526	16	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	526	17	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	526	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	526	19	ii	ii	NN
work_b3ftiyv34jhylmblxzqccxhcby	526	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	526	21	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	526	22	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	526	23	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	526	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	526	25	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	526	26	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	526	27	τδ	τδ	VBP
work_b3ftiyv34jhylmblxzqccxhcby	526	28	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	526	29	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	526	30	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	526	31	as	as	RB
work_b3ftiyv34jhylmblxzqccxhcby	526	32	many	many	JJ
work_b3ftiyv34jhylmblxzqccxhcby	526	33	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	526	34	five	five	CD
work_b3ftiyv34jhylmblxzqccxhcby	526	35	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	526	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	526	37	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	526	38	at	at	RB
work_b3ftiyv34jhylmblxzqccxhcby	526	39	least	least	JJS
work_b3ftiyv34jhylmblxzqccxhcby	526	40	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	526	41	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	526	42	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	526	43	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	526	44	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	526	45	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	526	46	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	526	47	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	526	48	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	526	49	iii	iii	NNP
work_b3ftiyv34jhylmblxzqccxhcby	526	50	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	526	51	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	526	52	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	526	53	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	526	54	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	526	55	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	526	56	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	526	57	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	526	58	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	526	59	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	526	60	obtains	obtain	NNS
work_b3ftiyv34jhylmblxzqccxhcby	526	61	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	526	62	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	526	63	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	526	64	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	526	65	type	type	NN
work_b3ftiyv34jhylmblxzqccxhcby	526	66	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	526	67	survive	survive	VBP
work_b3ftiyv34jhylmblxzqccxhcby	526	68	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	527	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	527	2	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	527	3	baseline	baseline	NN
work_b3ftiyv34jhylmblxzqccxhcby	527	4	simulation	simulation	NN
work_b3ftiyv34jhylmblxzqccxhcby	527	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	527	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	527	7	set	set	VBP
work_b3ftiyv34jhylmblxzqccxhcby	527	8	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	527	9	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	527	10	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	527	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	527	12	find	find	VB
work_b3ftiyv34jhylmblxzqccxhcby	527	13	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	527	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	527	15	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	527	16	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	527	17	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	527	18	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	527	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	527	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	527	21	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	527	22	vanishes	vanishe	NNS
work_b3ftiyv34jhylmblxzqccxhcby	527	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	528	1	Although	although	IN
work_b3ftiyv34jhylmblxzqccxhcby	528	2	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	528	3	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	528	4	blush	blush	NN
work_b3ftiyv34jhylmblxzqccxhcby	528	5	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	528	6	small	small	JJ
work_b3ftiyv34jhylmblxzqccxhcby	528	7	level	level	NN
work_b3ftiyv34jhylmblxzqccxhcby	528	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	528	9	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	528	10	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	528	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	528	12	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	528	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	528	14	σ2δ	σ2δ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	528	15	≤	≤	NN
work_b3ftiyv34jhylmblxzqccxhcby	528	16	1/40	1/40	CD
work_b3ftiyv34jhylmblxzqccxhcby	528	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	528	18	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	528	19	seem	seem	VB
work_b3ftiyv34jhylmblxzqccxhcby	528	20	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	528	21	cast	cast	VB
work_b3ftiyv34jhylmblxzqccxhcby	528	22	doubt	doubt	NN
work_b3ftiyv34jhylmblxzqccxhcby	528	23	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	528	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	528	25	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	528	26	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	528	27	relevance	relevance	NN
work_b3ftiyv34jhylmblxzqccxhcby	528	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	528	29	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	528	30	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	528	31	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	528	32	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	528	33	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	528	34	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	528	35	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	528	36	parameterization	parameterization	NN
work_b3ftiyv34jhylmblxzqccxhcby	528	37	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	528	38	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	528	39	line	line	NN
work_b3ftiyv34jhylmblxzqccxhcby	528	40	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	528	41	calibrated	calibrate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	528	42	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	528	43	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	528	44	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	528	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	529	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	529	2	instance	instance	NN
work_b3ftiyv34jhylmblxzqccxhcby	529	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	529	4	Wang	Wang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	529	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	529	6	1994	1994	CD
work_b3ftiyv34jhylmblxzqccxhcby	529	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	529	8	models	model	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	529	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	529	10	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	529	11	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	529	12	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	529	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	529	14	dividend	dividend	NN
work_b3ftiyv34jhylmblxzqccxhcby	529	15	process	process	NN
work_b3ftiyv34jhylmblxzqccxhcby	529	16	Ft+1	Ft+1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	529	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	529	18	ρFt	ρFt	NNP
work_b3ftiyv34jhylmblxzqccxhcby	529	19	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	529	20	ωt+1	ωt+1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	529	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	529	22	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	529	23	Ft	Ft	NNP
work_b3ftiyv34jhylmblxzqccxhcby	529	24	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	529	25	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	529	26	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	529	27	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	529	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	529	29	ωt+1	ωt+1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	529	30	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	529	31	orthogonal	orthogonal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	529	32	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	529	33	error	error	NN
work_b3ftiyv34jhylmblxzqccxhcby	529	34	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	529	35	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	529	36	corresponds	correspond	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	529	37	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	529	38	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	529	39	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	529	40	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	529	41	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	529	42	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	530	1	Here	here	RB
work_b3ftiyv34jhylmblxzqccxhcby	530	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	530	3	coefficient	coefficient	NN
work_b3ftiyv34jhylmblxzqccxhcby	530	4	ρ	ρ	IN
work_b3ftiyv34jhylmblxzqccxhcby	530	5	parameterizes	parameterize	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	530	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	530	7	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	530	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	530	9	past	past	JJ
work_b3ftiyv34jhylmblxzqccxhcby	530	10	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	530	11	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	530	12	current	current	JJ
work_b3ftiyv34jhylmblxzqccxhcby	530	13	ones	one	NNS
work_b3ftiyv34jhylmblxzqccxhcby	530	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	531	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	531	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	531	3	framework	framework	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	531	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	531	6	fraction	fraction	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	531	8	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	9	coming	come	VBG
work_b3ftiyv34jhylmblxzqccxhcby	531	10	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	531	11	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	531	12	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	13	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	531	14	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	531	15	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	531	16	ρ2	ρ2	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	531	18	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	531	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	531	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	531	21	ratio	ratio	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	531	23	σ2ω	σ2ω	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	24	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	531	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	531	26	steady	steady	JJ
work_b3ftiyv34jhylmblxzqccxhcby	531	27	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	531	28	state	state	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	29	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	30	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	531	31	Ft+1	Ft+1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	531	32	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	531	33	σ	σ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	531	34	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	531	35	ω/(1	ω/(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	36	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	531	37	ρ2	ρ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	531	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	531	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	531	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	531	41	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	531	42	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	531	43	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	531	44	framework	framework	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	45	corresponds	correspond	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	531	46	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	531	47	σ2δ/(σ	σ2δ/(σ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	531	48	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	531	49	δ	δ	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	50	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	531	51	σ	σ	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	52	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	531	53	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	531	54	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	531	55	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	532	1	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	532	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	532	3	easy	easy	JJ
work_b3ftiyv34jhylmblxzqccxhcby	532	4	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	532	5	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	532	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	532	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	532	8	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	532	9	ρ	ρ	IN
work_b3ftiyv34jhylmblxzqccxhcby	532	10	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	532	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	532	12	.98	.98	NFP
work_b3ftiyv34jhylmblxzqccxhcby	532	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	532	14	.99	.99	NFP
work_b3ftiyv34jhylmblxzqccxhcby	532	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	532	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	532	17	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	532	18	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	532	19	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	532	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	532	21	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	532	22	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	532	23	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	532	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	532	25	comparable	comparable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	532	26	importance	importance	NN
work_b3ftiyv34jhylmblxzqccxhcby	532	27	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	532	28	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	532	29	implied	imply	VBN
work_b3ftiyv34jhylmblxzqccxhcby	532	30	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	532	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	532	32	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	532	33	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	532	34	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	532	35	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	532	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	533	1	So	so	CC
work_b3ftiyv34jhylmblxzqccxhcby	533	2	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	533	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	533	4	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	533	5	example	example	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	533	7	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	533	8	take	take	VBP
work_b3ftiyv34jhylmblxzqccxhcby	533	9	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	533	10	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	11	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	533	12	represent	represent	VB
work_b3ftiyv34jhylmblxzqccxhcby	533	13	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	14	patterns	pattern	NNS
work_b3ftiyv34jhylmblxzqccxhcby	533	15	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	533	16	occur	occur	VBP
work_b3ftiyv34jhylmblxzqccxhcby	533	17	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	533	18	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	533	19	quarterly	quarterly	JJ
work_b3ftiyv34jhylmblxzqccxhcby	533	20	frequency	frequency	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	533	22	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	533	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	533	24	previous	previous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	533	25	statement	statement	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	26	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	533	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	533	28	roughly	roughly	RB
work_b3ftiyv34jhylmblxzqccxhcby	533	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	533	30	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	533	31	critical	critical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	533	32	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	33	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	533	34	ρ	ρ	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	35	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	533	36	.95	.95	CD
work_b3ftiyv34jhylmblxzqccxhcby	533	37	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	533	38	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	533	39	yearly	yearly	JJ
work_b3ftiyv34jhylmblxzqccxhcby	533	40	frequency	frequency	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	41	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	533	42	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	533	43	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	44	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	533	45	commonly	commonly	RB
work_b3ftiyv34jhylmblxzqccxhcby	533	46	used	use	VBN
work_b3ftiyv34jhylmblxzqccxhcby	533	47	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	533	48	calibration	calibration	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	49	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	533	50	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	51	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	52	models.34	models.34	NNP
work_b3ftiyv34jhylmblxzqccxhcby	533	53	F.2	F.2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	533	54	Long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	533	55	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	533	56	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	57	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	533	58	Consider	consider	VB
work_b3ftiyv34jhylmblxzqccxhcby	533	59	again	again	RB
work_b3ftiyv34jhylmblxzqccxhcby	533	60	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	533	61	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	62	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	533	63	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	533	64	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	65	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	533	66	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	533	67	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	533	68	suppose	suppose	VBP
work_b3ftiyv34jhylmblxzqccxhcby	533	69	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	533	70	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	533	71	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	533	72	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	533	73	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	533	74	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	75	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	533	76	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	533	77	maximize	maximize	VB
work_b3ftiyv34jhylmblxzqccxhcby	533	78	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	533	79	expected	expected	JJ
work_b3ftiyv34jhylmblxzqccxhcby	533	80	utility	utility	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	81	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	533	82	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	533	83	final	final	JJ
work_b3ftiyv34jhylmblxzqccxhcby	533	84	wealth	wealth	NN
work_b3ftiyv34jhylmblxzqccxhcby	533	85	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	534	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	534	2	simplicity	simplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	534	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	534	4	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	534	5	address	address	VB
work_b3ftiyv34jhylmblxzqccxhcby	534	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	534	7	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	534	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	534	9	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	534	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	534	11	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	534	12	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	534	13	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	534	14	useless	useless	JJ
work_b3ftiyv34jhylmblxzqccxhcby	534	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	534	16	τη	τη	FW
work_b3ftiyv34jhylmblxzqccxhcby	534	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	534	18	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	534	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	534	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	535	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	535	2	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	535	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	535	4	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	535	5	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	535	6	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	535	7	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	535	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	535	9	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	535	10	scenario	scenario	NN
work_b3ftiyv34jhylmblxzqccxhcby	535	11	as	as	RB
work_b3ftiyv34jhylmblxzqccxhcby	535	12	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	535	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	535	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	535	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	535	16	reasons	reason	NNS
work_b3ftiyv34jhylmblxzqccxhcby	535	17	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	535	18	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	535	19	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	535	20	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	535	21	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	535	22	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	535	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	535	24	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	535	25	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	535	26	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	535	27	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	535	28	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	535	29	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	535	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	536	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	536	2	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	536	3	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	536	4	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	536	5	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	536	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	536	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	536	8	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	536	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	536	10	speculates	speculate	NNS
work_b3ftiyv34jhylmblxzqccxhcby	536	11	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	536	12	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	536	13	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	536	14	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	536	15	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	536	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	536	17	takes	take	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	536	18	into	into	IN
work_b3ftiyv34jhylmblxzqccxhcby	536	19	account	account	NN
work_b3ftiyv34jhylmblxzqccxhcby	536	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	536	21	hedging	hedge	VBG
work_b3ftiyv34jhylmblxzqccxhcby	536	22	possibilities	possibility	NNS
work_b3ftiyv34jhylmblxzqccxhcby	536	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	536	24	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	536	25	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	536	26	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	536	27	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	536	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	537	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	537	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	537	3	strategy	strategy	NN
work_b3ftiyv34jhylmblxzqccxhcby	537	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	537	5	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	537	6	i	i	PRP
work_b3ftiyv34jhylmblxzqccxhcby	537	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	537	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	537	9	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	537	10	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	537	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	537	12	actually	actually	RB
work_b3ftiyv34jhylmblxzqccxhcby	537	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	537	14	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	537	15	combination	combination	NN
work_b3ftiyv34jhylmblxzqccxhcby	537	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	537	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	537	18	Ei1[p2]−p1	Ei1[p2]−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	537	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	537	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	537	21	Ei1[xi2	ei1[xi2	NN
work_b3ftiyv34jhylmblxzqccxhcby	537	22	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	537	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	537	24	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	537	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	537	26	Vives	Vives	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	537	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	537	28	2012)).35	2012)).35	CD
work_b3ftiyv34jhylmblxzqccxhcby	537	29	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	537	30	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	537	31	do	do	VBP
work_b3ftiyv34jhylmblxzqccxhcby	537	32	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	537	33	expect	expect	VB
work_b3ftiyv34jhylmblxzqccxhcby	537	34	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	537	35	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	537	36	change	change	VB
work_b3ftiyv34jhylmblxzqccxhcby	537	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	537	38	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	537	39	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	537	40	optimal	optimal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	537	41	period-1	period-1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	537	42	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	537	43	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	537	44	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	537	45	just	just	RB
work_b3ftiyv34jhylmblxzqccxhcby	537	46	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	537	47	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	537	48	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	537	49	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	537	50	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	537	51	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	538	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	538	2	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	538	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	538	4	holding	hold	VBG
work_b3ftiyv34jhylmblxzqccxhcby	538	5	such	such	PDT
work_b3ftiyv34jhylmblxzqccxhcby	538	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	538	7	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	538	8	34We	34we	CD
work_b3ftiyv34jhylmblxzqccxhcby	538	9	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	538	10	indebted	indebte	VBN
work_b3ftiyv34jhylmblxzqccxhcby	538	11	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	538	12	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	538	13	anonymous	anonymous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	538	14	referee	referee	NN
work_b3ftiyv34jhylmblxzqccxhcby	538	15	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	538	16	suggesting	suggest	VBG
work_b3ftiyv34jhylmblxzqccxhcby	538	17	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	538	18	calibration	calibration	NN
work_b3ftiyv34jhylmblxzqccxhcby	538	19	exercise	exercise	NN
work_b3ftiyv34jhylmblxzqccxhcby	538	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	539	1	35This	35this	DT
work_b3ftiyv34jhylmblxzqccxhcby	539	2	strategy	strategy	NN
work_b3ftiyv34jhylmblxzqccxhcby	539	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	539	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	539	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	539	6	form	form	NN
work_b3ftiyv34jhylmblxzqccxhcby	539	7	xi1	xi1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	539	8	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	539	9	Γ	Γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	539	10	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	539	11	2(Ei1[p2	2(ei1[p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	539	12	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	539	13	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	539	14	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	539	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	539	16	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	539	17	Γ22Ei1[xi2	Γ22Ei1[xi2	NFP
work_b3ftiyv34jhylmblxzqccxhcby	539	18	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	539	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	539	20	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	539	21	Γ12	Γ12	NNP
work_b3ftiyv34jhylmblxzqccxhcby	539	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	539	23	Γ22	Γ22	NNP
work_b3ftiyv34jhylmblxzqccxhcby	539	24	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	539	25	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	539	26	parameters	parameter	NNS
work_b3ftiyv34jhylmblxzqccxhcby	539	27	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	539	28	Ei1[xi2	ei1[xi2	NN
work_b3ftiyv34jhylmblxzqccxhcby	539	29	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	539	30	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	539	31	Λ	Λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	539	32	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	539	33	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	539	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	539	35	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	539	36	−λ2∆a2)(Ei1[v	−λ2∆a2)(ei1[v	CD
work_b3ftiyv34jhylmblxzqccxhcby	539	37	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	539	38	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	539	39	p̂1	p̂1	NN
work_b3ftiyv34jhylmblxzqccxhcby	539	40	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	539	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	540	1	33	33	CD
work_b3ftiyv34jhylmblxzqccxhcby	540	2	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	540	3	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	540	4	due	due	JJ
work_b3ftiyv34jhylmblxzqccxhcby	540	5	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	540	6	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	540	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	540	8	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	540	9	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	540	10	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	540	11	unpredictability.36	unpredictability.36	NNP
work_b3ftiyv34jhylmblxzqccxhcby	540	12	However	However	NNP
work_b3ftiyv34jhylmblxzqccxhcby	540	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	540	14	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	540	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	540	16	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	540	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	540	18	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	540	19	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	540	20	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	540	21	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	540	22	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	540	23	optimally	optimally	RB
work_b3ftiyv34jhylmblxzqccxhcby	540	24	exploit	exploit	VBP
work_b3ftiyv34jhylmblxzqccxhcby	540	25	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	540	26	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	540	27	run	run	NN
work_b3ftiyv34jhylmblxzqccxhcby	540	28	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	540	29	differences	difference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	540	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	541	1	Two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	541	2	factors	factor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	541	3	increase	increase	VBP
work_b3ftiyv34jhylmblxzqccxhcby	541	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	541	5	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	541	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	541	7	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	541	8	period-1	period-1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	541	9	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	541	10	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	541	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	541	12	partial	partial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	541	13	unpredictability	unpredictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	541	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	541	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	541	16	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	541	17	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	541	18	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	541	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	541	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	541	21	impossibility	impossibility	NN
work_b3ftiyv34jhylmblxzqccxhcby	541	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	541	23	determining	determine	VBG
work_b3ftiyv34jhylmblxzqccxhcby	541	24	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	541	25	exact	exact	JJ
work_b3ftiyv34jhylmblxzqccxhcby	541	26	future	future	JJ
work_b3ftiyv34jhylmblxzqccxhcby	541	27	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	541	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	542	1	Nevertheless	nevertheless	RB
work_b3ftiyv34jhylmblxzqccxhcby	542	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	542	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	542	4	opportunity	opportunity	NN
work_b3ftiyv34jhylmblxzqccxhcby	542	5	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	542	6	trade	trade	VB
work_b3ftiyv34jhylmblxzqccxhcby	542	7	again	again	RB
work_b3ftiyv34jhylmblxzqccxhcby	542	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	542	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	542	10	future	future	NN
work_b3ftiyv34jhylmblxzqccxhcby	542	11	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	542	12	serve	serve	VB
work_b3ftiyv34jhylmblxzqccxhcby	542	13	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	542	14	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	542	15	hedge	hedge	NN
work_b3ftiyv34jhylmblxzqccxhcby	542	16	against	against	IN
work_b3ftiyv34jhylmblxzqccxhcby	542	17	potentially	potentially	RB
work_b3ftiyv34jhylmblxzqccxhcby	542	18	adverse	adverse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	542	19	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	542	20	movements	movement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	542	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	543	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	543	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	543	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	543	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	543	5	option	option	NN
work_b3ftiyv34jhylmblxzqccxhcby	543	6	reduces	reduce	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	543	7	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	543	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	543	9	thereby	thereby	RB
work_b3ftiyv34jhylmblxzqccxhcby	543	10	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	543	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	543	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	543	13	absence	absence	NN
work_b3ftiyv34jhylmblxzqccxhcby	543	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	543	15	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	543	16	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	543	17	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	543	18	exactly	exactly	RB
work_b3ftiyv34jhylmblxzqccxhcby	543	19	offsets	offset	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	543	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	543	21	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	543	22	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	543	23	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	543	24	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	543	25	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	543	26	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	543	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	544	1	So	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	544	2	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	544	3	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	544	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	544	5	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	544	6	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	544	7	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	544	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	544	9	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	544	10	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	544	11	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	544	12	incorporate	incorporate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	544	13	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	544	14	responses	response	NNS
work_b3ftiyv34jhylmblxzqccxhcby	544	15	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	544	16	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	544	17	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	544	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	544	19	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	544	20	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	544	21	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	544	22	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	544	23	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	544	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	545	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	545	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	545	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	545	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	545	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	545	6	optimal	optimal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	545	7	strategy	strategy	NN
work_b3ftiyv34jhylmblxzqccxhcby	545	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	545	9	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	545	10	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	545	11	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	545	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	545	13	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	545	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	545	15	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	545	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	545	17	buy	buy	VB
work_b3ftiyv34jhylmblxzqccxhcby	545	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	545	19	hold	hold	VB
work_b3ftiyv34jhylmblxzqccxhcby	545	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	545	21	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	545	22	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	545	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	545	24	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	545	25	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	545	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	545	27	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	545	28	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	545	29	receive	receive	VBP
work_b3ftiyv34jhylmblxzqccxhcby	545	30	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	545	31	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	545	32	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	545	33	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	545	34	take	take	VB
work_b3ftiyv34jhylmblxzqccxhcby	545	35	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	545	36	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	545	37	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	545	38	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	545	39	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	545	40	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	545	41	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	545	42	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	545	43	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	545	44	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	545	45	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	545	46	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	545	47	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	545	48	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	546	1	Although	although	IN
work_b3ftiyv34jhylmblxzqccxhcby	546	2	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	546	3	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	546	4	nonetheless	nonetheless	RB
work_b3ftiyv34jhylmblxzqccxhcby	546	5	speculate	speculate	VB
work_b3ftiyv34jhylmblxzqccxhcby	546	6	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	546	7	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	546	8	differences	difference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	546	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	546	10	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	546	11	do	do	VBP
work_b3ftiyv34jhylmblxzqccxhcby	546	12	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	546	13	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	546	14	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	546	15	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	546	16	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	546	17	making	make	VBG
work_b3ftiyv34jhylmblxzqccxhcby	546	18	purposes	purpose	NNS
work_b3ftiyv34jhylmblxzqccxhcby	546	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	546	20	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	546	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	546	22	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	546	23	profit	profit	VB
work_b3ftiyv34jhylmblxzqccxhcby	546	24	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	546	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	546	26	mean	mean	JJ
work_b3ftiyv34jhylmblxzqccxhcby	546	27	reversion	reversion	NN
work_b3ftiyv34jhylmblxzqccxhcby	546	28	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	546	29	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	546	30	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	546	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	546	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	547	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	547	2	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	547	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	547	4	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	547	5	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	547	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	547	7	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	547	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	547	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	547	10	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	547	11	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	547	12	scale	scale	NN
work_b3ftiyv34jhylmblxzqccxhcby	547	13	down	down	RP
work_b3ftiyv34jhylmblxzqccxhcby	547	14	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	547	15	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	547	16	activity	activity	NN
work_b3ftiyv34jhylmblxzqccxhcby	547	17	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	547	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	547	19	final	final	JJ
work_b3ftiyv34jhylmblxzqccxhcby	547	20	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	547	21	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	547	22	harder	hard	JJR
work_b3ftiyv34jhylmblxzqccxhcby	547	23	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	547	24	forecast	forecast	VB
work_b3ftiyv34jhylmblxzqccxhcby	547	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	548	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	548	2	weakens	weaken	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	548	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	548	4	hedging	hedge	VBG
work_b3ftiyv34jhylmblxzqccxhcby	548	5	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	548	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	548	8	re	re	JJ
work_b3ftiyv34jhylmblxzqccxhcby	548	9	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	548	10	trading	trading	JJ
work_b3ftiyv34jhylmblxzqccxhcby	548	11	opportunity	opportunity	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	548	13	renders	render	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	548	14	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	548	15	truly	truly	RB
work_b3ftiyv34jhylmblxzqccxhcby	548	16	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	548	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	548	18	leading	lead	VBG
work_b3ftiyv34jhylmblxzqccxhcby	548	19	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	548	20	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	548	21	speculate	speculate	VB
work_b3ftiyv34jhylmblxzqccxhcby	548	22	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	548	23	short-	short-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	548	24	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	25	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	26	movements	movement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	548	27	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	548	28	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	548	29	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	548	30	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	548	31	information.37	information.37	NNP
work_b3ftiyv34jhylmblxzqccxhcby	548	32	These	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	548	33	consequences	consequence	NNS
work_b3ftiyv34jhylmblxzqccxhcby	548	34	reinforce	reinforce	VBP
work_b3ftiyv34jhylmblxzqccxhcby	548	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	548	36	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	548	37	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	38	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	548	39	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	40	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	41	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	42	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	548	43	lead	lead	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	44	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	548	45	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	548	46	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	548	47	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	548	48	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	548	49	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	548	50	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	51	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	548	52	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	53	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	548	54	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	548	55	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	548	56	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	57	strongly	strongly	RB
work_b3ftiyv34jhylmblxzqccxhcby	548	58	affects	affect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	548	59	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	548	60	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	61	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	548	62	reaction	reaction	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	63	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	548	64	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	548	65	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	66	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	548	67	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	548	68	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	548	69	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	548	70	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	549	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	549	2	summary	summary	NN
work_b3ftiyv34jhylmblxzqccxhcby	549	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	549	4	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	549	5	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	549	6	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	549	7	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	549	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	549	9	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	549	10	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	549	11	averse	averse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	549	12	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	549	13	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	549	14	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	549	15	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	549	16	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	549	17	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	549	18	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	549	19	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	549	20	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	549	21	either	either	DT
work_b3ftiyv34jhylmblxzqccxhcby	549	22	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	549	23	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	549	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	549	25	He	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	549	26	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	549	27	Wang	Wang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	549	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	549	29	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	549	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	549	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	549	32	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	549	33	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	549	34	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	549	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	549	36	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	549	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	549	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	549	39	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	549	40	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	549	41	common	common	JJ
work_b3ftiyv34jhylmblxzqccxhcby	549	42	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	549	43	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	549	44	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	549	45	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	549	46	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	549	47	Grundy	Grundy	NNP
work_b3ftiyv34jhylmblxzqccxhcby	549	48	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	549	49	McNichols	McNichols	NNP
work_b3ftiyv34jhylmblxzqccxhcby	549	50	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	549	51	1989	1989	CD
work_b3ftiyv34jhylmblxzqccxhcby	549	52	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	549	53	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	549	54	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	550	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	550	2	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	550	3	have	have	VB
work_b3ftiyv34jhylmblxzqccxhcby	550	4	situations	situation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	550	5	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	550	6	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	550	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	550	8	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	550	9	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	550	10	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	550	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	550	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	550	13	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	550	14	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	550	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	551	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	551	2	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	551	3	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	551	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	551	5	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	551	6	cases	case	NNS
work_b3ftiyv34jhylmblxzqccxhcby	551	7	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	551	8	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	551	9	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	551	10	incentives	incentive	NNS
work_b3ftiyv34jhylmblxzqccxhcby	551	11	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	551	12	use	use	VB
work_b3ftiyv34jhylmblxzqccxhcby	551	13	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	551	14	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	551	15	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	551	16	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	551	17	speculate	speculate	VB
work_b3ftiyv34jhylmblxzqccxhcby	551	18	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	551	19	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	551	20	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	551	21	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	551	22	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	551	23	movements	movement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	551	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	551	25	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	551	26	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	551	27	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	551	28	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	551	29	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	551	30	behave	behave	VB
work_b3ftiyv34jhylmblxzqccxhcby	551	31	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	551	32	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	551	33	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	551	34	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	551	35	ones	one	NNS
work_b3ftiyv34jhylmblxzqccxhcby	551	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	552	1	36If	36if	IN
work_b3ftiyv34jhylmblxzqccxhcby	552	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	552	3	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	552	4	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	552	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	552	6	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	552	7	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	552	8	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	552	9	change	change	VB
work_b3ftiyv34jhylmblxzqccxhcby	552	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	552	11	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	552	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	552	13	today	today	NN
work_b3ftiyv34jhylmblxzqccxhcby	552	14	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	552	15	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	552	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	552	17	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	552	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	552	19	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	552	20	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	552	21	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	552	22	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	552	23	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	552	24	receive	receive	VB
work_b3ftiyv34jhylmblxzqccxhcby	552	25	any	any	DT
work_b3ftiyv34jhylmblxzqccxhcby	552	26	new	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	552	27	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	552	28	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	552	29	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	552	30	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	552	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	552	32	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	552	33	collapses	collapse	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	552	34	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	552	35	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	552	36	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	552	37	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	552	38	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	552	39	hold	hold	VBP
work_b3ftiyv34jhylmblxzqccxhcby	552	40	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	552	41	risky	risky	JJ
work_b3ftiyv34jhylmblxzqccxhcby	552	42	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	552	43	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	552	44	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	552	45	periods	period	NNS
work_b3ftiyv34jhylmblxzqccxhcby	552	46	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	553	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	553	2	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	553	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	553	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	553	5	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	553	6	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	553	7	naturally	naturally	RB
work_b3ftiyv34jhylmblxzqccxhcby	553	8	coincide	coincide	VBP
work_b3ftiyv34jhylmblxzqccxhcby	553	9	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	553	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	553	11	ones	one	NNS
work_b3ftiyv34jhylmblxzqccxhcby	553	12	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	553	13	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	553	14	hold	hold	VB
work_b3ftiyv34jhylmblxzqccxhcby	553	15	in	in	RP
work_b3ftiyv34jhylmblxzqccxhcby	553	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	553	17	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	553	18	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	553	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	554	1	37Indeed	37indeed	NN
work_b3ftiyv34jhylmblxzqccxhcby	554	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	554	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	554	4	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	554	5	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	554	6	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	554	7	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	554	8	who	who	WP
work_b3ftiyv34jhylmblxzqccxhcby	554	9	faces	face	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	554	10	uncertain	uncertain	JJ
work_b3ftiyv34jhylmblxzqccxhcby	554	11	impending	impending	JJ
work_b3ftiyv34jhylmblxzqccxhcby	554	12	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	554	13	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	554	14	find	find	VB
work_b3ftiyv34jhylmblxzqccxhcby	554	15	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	554	16	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	554	17	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	554	18	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	554	19	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	554	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	554	21	little	little	JJ
work_b3ftiyv34jhylmblxzqccxhcby	554	22	use	use	NN
work_b3ftiyv34jhylmblxzqccxhcby	554	23	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	554	24	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	554	25	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	554	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	555	1	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	555	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	555	3	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	555	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	555	5	such	such	PDT
work_b3ftiyv34jhylmblxzqccxhcby	555	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	555	7	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	555	8	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	555	9	behave	behave	VB
work_b3ftiyv34jhylmblxzqccxhcby	555	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	555	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	555	12	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	555	13	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	555	14	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	555	15	like	like	IN
work_b3ftiyv34jhylmblxzqccxhcby	555	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	555	17	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	555	18	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	555	19	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	555	20	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	555	21	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	555	22	he	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	555	23	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	555	24	try	try	VB
work_b3ftiyv34jhylmblxzqccxhcby	555	25	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	555	26	unwind	unwind	VB
work_b3ftiyv34jhylmblxzqccxhcby	555	27	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	555	28	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	555	29	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	555	30	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	555	31	holdings	holding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	555	32	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	555	33	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	555	34	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	555	35	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	555	36	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	555	37	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	555	38	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	555	39	thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	555	40	carry	carry	VBP
work_b3ftiyv34jhylmblxzqccxhcby	555	41	little	little	JJ
work_b3ftiyv34jhylmblxzqccxhcby	555	42	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	555	43	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	555	44	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	555	45	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	555	46	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	555	47	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	555	48	date	date	NN
work_b3ftiyv34jhylmblxzqccxhcby	555	49	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	556	1	34	34	CD
work_b3ftiyv34jhylmblxzqccxhcby	556	2	F.3	F.3	NNP
work_b3ftiyv34jhylmblxzqccxhcby	556	3	More	More	JJR
work_b3ftiyv34jhylmblxzqccxhcby	556	4	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	556	5	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	556	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	556	7	more	more	JJR
work_b3ftiyv34jhylmblxzqccxhcby	556	8	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	556	9	rounds	round	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	556	10	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	556	11	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	556	12	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	556	13	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	556	14	extended	extend	VBN
work_b3ftiyv34jhylmblxzqccxhcby	556	15	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	556	16	encompass	encompass	VB
work_b3ftiyv34jhylmblxzqccxhcby	556	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	556	18	possibility	possibility	NN
work_b3ftiyv34jhylmblxzqccxhcby	556	19	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	556	20	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	556	21	trade	trade	VBP
work_b3ftiyv34jhylmblxzqccxhcby	556	22	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	556	23	more	more	JJR
work_b3ftiyv34jhylmblxzqccxhcby	556	24	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	556	25	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	556	26	periods	period	NNS
work_b3ftiyv34jhylmblxzqccxhcby	556	27	and/or	and/or	CC
work_b3ftiyv34jhylmblxzqccxhcby	556	28	receive	receive	VBP
work_b3ftiyv34jhylmblxzqccxhcby	556	29	additional	additional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	556	30	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	556	31	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	556	32	during	during	IN
work_b3ftiyv34jhylmblxzqccxhcby	556	33	each	each	DT
work_b3ftiyv34jhylmblxzqccxhcby	556	34	round	round	NN
work_b3ftiyv34jhylmblxzqccxhcby	556	35	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	556	36	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	556	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	557	1	However	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	557	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	557	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	557	4	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	557	5	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	557	6	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	557	7	complicated	complicated	JJ
work_b3ftiyv34jhylmblxzqccxhcby	557	8	without	without	IN
work_b3ftiyv34jhylmblxzqccxhcby	557	9	any	any	DT
work_b3ftiyv34jhylmblxzqccxhcby	557	10	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	557	11	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	557	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	557	13	qualitative	qualitative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	557	14	re-	re-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	557	15	sults	sult	NNS
work_b3ftiyv34jhylmblxzqccxhcby	557	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	558	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	558	2	particular	particular	JJ
work_b3ftiyv34jhylmblxzqccxhcby	558	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	558	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	558	5	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	558	6	still	still	RB
work_b3ftiyv34jhylmblxzqccxhcby	558	7	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	558	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	558	9	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	558	10	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	558	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	558	12	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	558	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	558	14	stated	state	VBN
work_b3ftiyv34jhylmblxzqccxhcby	558	15	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	558	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	558	17	arise	arise	VBP
work_b3ftiyv34jhylmblxzqccxhcby	558	18	provided	provide	VBN
work_b3ftiyv34jhylmblxzqccxhcby	558	19	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	558	20	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	558	21	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	558	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	559	1	IV	IV	NNP
work_b3ftiyv34jhylmblxzqccxhcby	559	2	Asset	Asset	NNP
work_b3ftiyv34jhylmblxzqccxhcby	559	3	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	559	4	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	559	5	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	559	6	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	559	7	section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	559	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	559	9	investigate	investigate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	559	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	559	11	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	559	12	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	559	13	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	559	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	559	15	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	559	16	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	559	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	560	1	First	first	RB
work_b3ftiyv34jhylmblxzqccxhcby	560	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	560	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	560	4	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	560	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	560	6	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	560	7	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	560	8	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	560	9	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	560	10	generate	generate	VB
work_b3ftiyv34jhylmblxzqccxhcby	560	11	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	560	12	autocovariance	autocovariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	560	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	560	14	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	560	15	irrespec-	irrespec-	VBG
work_b3ftiyv34jhylmblxzqccxhcby	560	16	tive	tive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	560	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	560	18	whether	whether	IN
work_b3ftiyv34jhylmblxzqccxhcby	560	19	beliefs	belief	NNS
work_b3ftiyv34jhylmblxzqccxhcby	560	20	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	560	21	heterogeneous	heterogeneous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	560	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	560	23	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	560	24	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	560	25	Banerjee	Banerjee	NNP
work_b3ftiyv34jhylmblxzqccxhcby	560	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	560	27	Kaniel	Kaniel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	560	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	560	29	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	560	30	Kremer	Kremer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	560	31	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	560	32	2009	2009	CD
work_b3ftiyv34jhylmblxzqccxhcby	560	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	560	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	560	35	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	560	36	whether	whether	IN
work_b3ftiyv34jhylmblxzqccxhcby	560	37	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	560	38	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	560	39	preferences	preference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	560	40	exhibit	exhibit	VBP
work_b3ftiyv34jhylmblxzqccxhcby	560	41	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	560	42	behavioral	behavioral	JJ
work_b3ftiyv34jhylmblxzqccxhcby	560	43	bias	bias	NN
work_b3ftiyv34jhylmblxzqccxhcby	560	44	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	560	45	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	560	46	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	560	47	Daniel	Daniel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	560	48	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	560	49	Hirshleifer	Hirshleifer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	560	50	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	560	51	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	560	52	Sub-	Sub-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	560	53	rahmanyam	rahmanyam	NNP
work_b3ftiyv34jhylmblxzqccxhcby	560	54	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	560	55	1998	1998	CD
work_b3ftiyv34jhylmblxzqccxhcby	560	56	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	560	57	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	560	58	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	561	1	Second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	561	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	561	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	561	4	look	look	VBP
work_b3ftiyv34jhylmblxzqccxhcby	561	5	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	561	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	561	7	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	561	8	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	561	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	561	10	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	561	11	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	561	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	561	13	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	561	14	compare	compare	VB
work_b3ftiyv34jhylmblxzqccxhcby	561	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	561	16	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	561	17	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	561	18	predicitons	prediciton	NNS
work_b3ftiyv34jhylmblxzqccxhcby	561	19	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	561	20	predictions	prediction	NNS
work_b3ftiyv34jhylmblxzqccxhcby	561	21	under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	561	22	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	561	23	differences	difference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	561	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	561	25	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	561	26	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	561	27	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	561	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	562	1	Third	third	JJ
work_b3ftiyv34jhylmblxzqccxhcby	562	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	562	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	562	4	discuss	discuss	VBP
work_b3ftiyv34jhylmblxzqccxhcby	562	5	identification	identification	NN
work_b3ftiyv34jhylmblxzqccxhcby	562	6	problems	problem	NNS
work_b3ftiyv34jhylmblxzqccxhcby	562	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	562	8	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	562	9	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	562	10	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	562	11	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	562	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	562	13	derive	derive	VB
work_b3ftiyv34jhylmblxzqccxhcby	562	14	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	562	15	set	set	NN
work_b3ftiyv34jhylmblxzqccxhcby	562	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	562	17	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	562	18	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	562	19	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	562	20	allow	allow	VBP
work_b3ftiyv34jhylmblxzqccxhcby	562	21	one	one	PRP
work_b3ftiyv34jhylmblxzqccxhcby	562	22	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	562	23	distinguish	distinguish	VB
work_b3ftiyv34jhylmblxzqccxhcby	562	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	562	25	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	562	26	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	562	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	562	28	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	562	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	563	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	563	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	563	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	563	4	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	563	5	how	how	WRB
work_b3ftiyv34jhylmblxzqccxhcby	563	6	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	563	7	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	563	8	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	563	9	provide	provide	VB
work_b3ftiyv34jhylmblxzqccxhcby	563	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	563	11	narrative	narrative	NN
work_b3ftiyv34jhylmblxzqccxhcby	563	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	563	13	some	some	DT
work_b3ftiyv34jhylmblxzqccxhcby	563	14	episodes	episode	NNS
work_b3ftiyv34jhylmblxzqccxhcby	563	15	related	relate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	563	16	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	563	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	563	18	recent	recent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	563	19	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	563	20	crisis	crisis	NN
work_b3ftiyv34jhylmblxzqccxhcby	563	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	564	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	564	2	Return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	564	3	autocovariance	autocovariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	564	4	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	564	5	start	start	VBP
work_b3ftiyv34jhylmblxzqccxhcby	564	6	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	564	7	computing	compute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	564	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	564	9	return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	564	10	autocovariance	autocovariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	564	11	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	564	12	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	564	13	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	564	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	565	1	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	565	2	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	565	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	566	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	566	2	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	566	3	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	566	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	566	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	567	1	At	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	567	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	567	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	567	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	567	5	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	567	6	statements	statement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	567	7	hold	hold	VBP
work_b3ftiyv34jhylmblxzqccxhcby	567	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	568	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	568	2	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	568	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	568	4	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	568	5	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	568	6	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	568	7	∈	∈	IN
work_b3ftiyv34jhylmblxzqccxhcby	568	8	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	568	9	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	568	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	568	11	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	568	12	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	568	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	568	14	Cov[p2	Cov[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	568	15	−p1,p1	−p1,p1	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	568	16	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	568	17	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	568	18	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	568	19	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	568	20	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	568	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	569	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	569	2	ii	ii	NNP
work_b3ftiyv34jhylmblxzqccxhcby	569	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	569	4	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	569	5	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	569	6	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	569	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	569	8	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	569	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	569	10	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	569	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	569	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	569	13	Cov[v	Cov[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	569	14	−p2,p1	−p2,p1	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	569	15	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	569	16	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	569	17	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	569	18	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	569	19	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	569	20	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	569	21	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	569	22	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	569	23	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	569	24	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	569	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	569	26	Cov[v	Cov[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	569	27	−p2,p1	−p2,p1	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	569	28	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	569	29	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	569	30	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	569	31	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	569	32	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	569	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	570	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	570	2	iii	iii	NNP
work_b3ftiyv34jhylmblxzqccxhcby	570	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	570	4	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	570	5	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	570	6	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	570	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	570	8	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	570	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	570	10	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	570	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	570	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	570	13	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	570	14	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	570	15	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	570	16	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	570	17	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	570	18	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	570	19	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	570	20	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	570	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	570	22	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	570	23	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	570	24	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	570	25	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	570	26	Cov[v−	Cov[v−	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	570	27	p2,p2	p2,p2	VBN
work_b3ftiyv34jhylmblxzqccxhcby	570	28	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	570	29	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	570	30	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	570	31	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	570	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	571	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	571	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	571	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	571	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	571	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	571	6	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	571	7	Cov[v	Cov[v	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	571	8	−p2,p2	−p2,p2	JJ
work_b3ftiyv34jhylmblxzqccxhcby	571	9	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	571	10	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	571	11	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	571	12	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	571	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	572	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	572	2	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	572	3	states	state	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	572	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	572	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	572	6	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	572	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	572	8	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	572	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	572	10	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	572	11	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	572	12	occurs	occur	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	572	13	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	572	14	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	572	15	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	572	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	572	17	i.e.	i.e.	FW
work_b3ftiyv34jhylmblxzqccxhcby	572	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	572	19	near	near	IN
work_b3ftiyv34jhylmblxzqccxhcby	572	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	572	21	end	end	NN
work_b3ftiyv34jhylmblxzqccxhcby	572	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	572	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	572	24	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	572	25	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	572	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	572	27	whereas	whereas	IN
work_b3ftiyv34jhylmblxzqccxhcby	572	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	572	29	reversal	reversal	NN
work_b3ftiyv34jhylmblxzqccxhcby	572	30	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	572	31	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	572	32	occurs	occur	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	572	33	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	572	34	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	572	35	horizons.38	horizons.38	NNP
work_b3ftiyv34jhylmblxzqccxhcby	572	36	38Numerical	38Numerical	NNP
work_b3ftiyv34jhylmblxzqccxhcby	572	37	simulations	simulation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	572	38	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	572	39	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	572	40	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	572	41	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	572	42	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	572	43	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	572	44	show	show	NN
work_b3ftiyv34jhylmblxzqccxhcby	572	45	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	572	46	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	572	47	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	572	48	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	572	49	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	572	50	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	572	51	both	both	CC
work_b3ftiyv34jhylmblxzqccxhcby	572	52	Cov[v	Cov[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	572	53	−p3,p3	−p3,p3	NN
work_b3ftiyv34jhylmblxzqccxhcby	572	54	−p2	−p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	572	55	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	572	56	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	572	57	Cov[p3	Cov[p3	VBD
work_b3ftiyv34jhylmblxzqccxhcby	572	58	−p2,p2	−p2,p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	572	59	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	572	60	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	572	61	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	572	62	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	572	63	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	573	1	35	35	CD
work_b3ftiyv34jhylmblxzqccxhcby	573	2	Parts	part	NNS
work_b3ftiyv34jhylmblxzqccxhcby	573	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	4	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	573	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	573	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	8	ii	ii	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	573	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	573	12	corollary	corollary	JJ
work_b3ftiyv34jhylmblxzqccxhcby	573	13	hold	hold	NN
work_b3ftiyv34jhylmblxzqccxhcby	573	14	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	573	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	573	16	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	573	17	estimated	estimate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	573	18	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	573	19	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	573	20	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	573	21	imbalance	imbalance	NN
work_b3ftiyv34jhylmblxzqccxhcby	573	22	E1[θ1	e1[θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	573	23	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	24	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	573	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	573	26	opposite	opposite	JJ
work_b3ftiyv34jhylmblxzqccxhcby	573	27	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	573	28	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	573	29	p1−v̄	p1−v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	30	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	573	31	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	573	32	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	573	33	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	573	34	both	both	CC
work_b3ftiyv34jhylmblxzqccxhcby	573	35	p2−p1	p2−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	36	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	573	37	v−p2.39	v−p2.39	NN
work_b3ftiyv34jhylmblxzqccxhcby	573	38	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	573	39	part	part	NN
work_b3ftiyv34jhylmblxzqccxhcby	573	40	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	41	iii	iii	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	42	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	43	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	573	44	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	573	45	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	573	46	decomposition	decomposition	NN
work_b3ftiyv34jhylmblxzqccxhcby	573	47	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	48	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	573	49	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	573	50	normality	normality	NN
work_b3ftiyv34jhylmblxzqccxhcby	573	51	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	573	52	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	573	53	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	54	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	573	55	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	573	56	Cov[v	cov[v	VB
work_b3ftiyv34jhylmblxzqccxhcby	573	57	−p2,p2	−p2,p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	573	58	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	59	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	60	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	573	61	Cov[E1[v	Cov[E1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	62	−p2],E1[p2	−p2],e1[p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	573	63	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	64	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	65	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	66	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	573	67	Cov1[v	cov1[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	573	68	−p2,p2	−p2,p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	573	69	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	70	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	71	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	573	72	βΛ2	βΛ2	:
work_b3ftiyv34jhylmblxzqccxhcby	573	73	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	74	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	75	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	76	Var[E1[θ1	Var[E1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	77	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	78	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	79	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	573	80	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	81	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	573	82	+	+	CD
work_b3ftiyv34jhylmblxzqccxhcby	573	83	γτu∆a2)(βa1∆a2τu	γτu∆a2)(βa1∆a2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	84	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	85	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	86	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	87	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	573	88	γτητuβa1	γτητuβa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	89	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	573	90	γτi2)2τ1τu	γτi2)2τ1τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	573	91	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	574	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	574	2	31	31	CD
work_b3ftiyv34jhylmblxzqccxhcby	574	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	574	4	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	574	5	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	574	6	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	574	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	574	8	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	574	9	decomposition	decomposition	NN
work_b3ftiyv34jhylmblxzqccxhcby	574	10	captures	capture	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	574	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	574	12	covariation	covariation	NN
work_b3ftiyv34jhylmblxzqccxhcby	574	13	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	574	14	forecasts	forecast	NNS
work_b3ftiyv34jhylmblxzqccxhcby	574	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	574	16	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	574	17	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	574	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	574	19	E1[v−p2	E1[v−p2	''
work_b3ftiyv34jhylmblxzqccxhcby	574	20	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	574	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	574	22	E1[p2−p1]—in	e1[p2−p1]—in	JJ
work_b3ftiyv34jhylmblxzqccxhcby	574	23	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	574	24	words	word	NNS
work_b3ftiyv34jhylmblxzqccxhcby	574	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	574	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	574	27	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	574	28	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	574	29	explained	explain	VBD
work_b3ftiyv34jhylmblxzqccxhcby	574	30	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	574	31	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	574	32	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	574	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	575	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	575	2	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	575	3	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	575	4	captures	capture	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	575	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	575	6	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	575	7	covariation	covariation	NN
work_b3ftiyv34jhylmblxzqccxhcby	575	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	575	9	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	575	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	575	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	575	12	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	575	13	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	575	14	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	575	15	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	575	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	576	1	All	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	576	2	else	else	RB
work_b3ftiyv34jhylmblxzqccxhcby	576	3	equal	equal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	576	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	576	5	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	576	6	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	576	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	576	8	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	576	9	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	576	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	576	11	anticipated	anticipate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	576	12	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	576	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	576	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	576	15	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	576	16	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	576	17	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	576	18	imbalance	imbalance	NN
work_b3ftiyv34jhylmblxzqccxhcby	576	19	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	576	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	576	21	second-	second-	NN
work_b3ftiyv34jhylmblxzqccxhcby	576	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	576	23	third	third	JJ
work_b3ftiyv34jhylmblxzqccxhcby	576	24	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	576	25	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	576	26	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	576	27	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	576	28	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	576	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	576	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	576	31	same	same	JJ
work_b3ftiyv34jhylmblxzqccxhcby	576	32	sign	sign	NN
work_b3ftiyv34jhylmblxzqccxhcby	576	33	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	576	34	hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	576	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	576	36	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	576	37	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	576	38	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	576	39	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	576	40	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	576	41	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	576	42	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	576	43	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	576	44	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	576	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	577	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	577	2	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	577	3	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	577	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	577	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	577	6	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	577	7	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	577	8	estimate	estimate	NN
work_b3ftiyv34jhylmblxzqccxhcby	577	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	577	10	selling	selling	NN
work_b3ftiyv34jhylmblxzqccxhcby	577	11	pressure	pressure	NN
work_b3ftiyv34jhylmblxzqccxhcby	577	12	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	577	13	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	577	14	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	577	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	578	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	578	2	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	3	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	578	4	p2	p2	VBD
work_b3ftiyv34jhylmblxzqccxhcby	578	5	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	578	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	578	7	outcome	outcome	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	8	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	9	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	578	10	v	v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	578	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	578	12	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	578	13	likely	likely	JJ
work_b3ftiyv34jhylmblxzqccxhcby	578	14	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	578	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	578	16	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	17	≥	≥	UH
work_b3ftiyv34jhylmblxzqccxhcby	578	18	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	19	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	578	20	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	21	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	578	22	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	578	23	sales	sale	NNS
work_b3ftiyv34jhylmblxzqccxhcby	578	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	578	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	578	26	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	27	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	578	28	likely	likely	JJ
work_b3ftiyv34jhylmblxzqccxhcby	578	29	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	578	30	persist	persist	VB
work_b3ftiyv34jhylmblxzqccxhcby	578	31	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	578	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	578	33	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	578	34	period.40	period.40	NNP
work_b3ftiyv34jhylmblxzqccxhcby	578	35	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	578	36	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	578	37	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	578	38	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	578	40	factoring	factor	VBG
work_b3ftiyv34jhylmblxzqccxhcby	578	41	out	out	RP
work_b3ftiyv34jhylmblxzqccxhcby	578	42	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	578	43	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	44	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	578	45	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	578	46	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	578	47	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	48	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	49	suggests	suggest	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	578	50	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	578	51	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	578	52	joint	joint	JJ
work_b3ftiyv34jhylmblxzqccxhcby	578	53	covariation	covariation	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	54	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	578	55	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	578	56	around	around	IN
work_b3ftiyv34jhylmblxzqccxhcby	578	57	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	578	58	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	578	59	could	could	MD
work_b3ftiyv34jhylmblxzqccxhcby	578	60	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	578	61	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	578	62	either	either	CC
work_b3ftiyv34jhylmblxzqccxhcby	578	63	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	578	64	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	65	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	66	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	578	67	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	578	68	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	578	69	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	578	70	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	579	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	579	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	579	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	579	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	579	5	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	579	6	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	579	7	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	579	8	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	579	9	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	579	10	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	579	11	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	579	12	hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	579	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	579	14	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	579	15	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	579	16	predominates	predominate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	579	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	579	18	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	579	19	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	579	20	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	579	21	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	579	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	579	23	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	579	24	around	around	IN
work_b3ftiyv34jhylmblxzqccxhcby	579	25	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	579	26	means.41	means.41	NNP
work_b3ftiyv34jhylmblxzqccxhcby	579	27	Conversely	conversely	RB
work_b3ftiyv34jhylmblxzqccxhcby	579	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	579	29	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	579	30	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	579	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	579	32	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	579	33	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	579	34	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	579	35	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	579	36	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	579	37	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	579	38	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	579	39	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	579	40	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	579	41	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	579	42	tend	tend	VBP
work_b3ftiyv34jhylmblxzqccxhcby	579	43	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	579	44	covary	covary	JJ
work_b3ftiyv34jhylmblxzqccxhcby	579	45	around	around	IN
work_b3ftiyv34jhylmblxzqccxhcby	579	46	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	579	47	means	mean	NNS
work_b3ftiyv34jhylmblxzqccxhcby	579	48	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	579	49	opposite	opposite	JJ
work_b3ftiyv34jhylmblxzqccxhcby	579	50	directions	direction	NNS
work_b3ftiyv34jhylmblxzqccxhcby	579	51	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	580	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	580	2	τη	τη	FW
work_b3ftiyv34jhylmblxzqccxhcby	580	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	580	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	580	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	580	6	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	580	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	580	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	580	9	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	580	10	obtained	obtain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	580	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	580	12	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	580	13	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	580	14	continue	continue	VBP
work_b3ftiyv34jhylmblxzqccxhcby	580	15	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	580	16	hold	hold	VB
work_b3ftiyv34jhylmblxzqccxhcby	580	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	581	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	581	2	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	581	3	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	581	4	prove	prove	VB
work_b3ftiyv34jhylmblxzqccxhcby	581	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	581	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	581	7	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	581	8	β	β	DT
work_b3ftiyv34jhylmblxzqccxhcby	581	9	sufficiently	sufficiently	RB
work_b3ftiyv34jhylmblxzqccxhcby	581	10	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	581	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	581	12	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	581	13	occurs	occur	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	581	14	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	581	15	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	581	16	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	581	17	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	581	18	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	581	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	581	20	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	581	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	581	22	numerical	numerical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	581	23	simulations	simulation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	581	24	confirm	confirm	VBP
work_b3ftiyv34jhylmblxzqccxhcby	581	25	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	581	26	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	581	27	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	581	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	581	29	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	581	30	τη	τη	FW
work_b3ftiyv34jhylmblxzqccxhcby	581	31	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	581	32	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	581	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	581	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	582	1	Formally	formally	RB
work_b3ftiyv34jhylmblxzqccxhcby	582	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	582	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	582	4	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	582	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	582	6	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	582	7	statement	statement	NN
work_b3ftiyv34jhylmblxzqccxhcby	582	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	583	1	39One	39one	CD
work_b3ftiyv34jhylmblxzqccxhcby	583	2	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	583	3	easily	easily	RB
work_b3ftiyv34jhylmblxzqccxhcby	583	4	verify	verify	VB
work_b3ftiyv34jhylmblxzqccxhcby	583	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	583	6	Cov[v−p2,p1−v̄	Cov[v−p2,p1−v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	7	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	583	8	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	583	9	Cov[E1[v−p2],E1[p1−v̄	Cov[E1[v−p2],E1[p1−v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	10	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	583	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	583	12	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	583	13	−βΛ2	−βΛ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	14	Cov[E1[θ1],p1	Cov[E1[θ1],p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	15	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	583	16	<	<	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	17	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	583	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	583	19	Cov[p2	Cov[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	20	−p1,p1	−p1,p1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	583	21	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	22	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	23	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	583	24	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	583	25	Cov[E1[p2	cov[e1[p2	SYM
work_b3ftiyv34jhylmblxzqccxhcby	583	26	−p1],E1[p1	−p1],E1[p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	27	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	28	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	29	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	583	30	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	583	31	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	583	32	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	583	33	βΛ2	βΛ2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	583	34	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	35	Λ1	Λ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	583	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	583	37	Cov[E1[θ1],p1	cov[e1[θ1],p1	CD
work_b3ftiyv34jhylmblxzqccxhcby	583	38	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	583	39	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	583	40	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	583	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	584	1	40Suppose	40suppose	IN
work_b3ftiyv34jhylmblxzqccxhcby	584	2	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	584	3	E1[θ1	e1[θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	584	4	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	584	5	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	584	6	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	584	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	585	1	Then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	585	2	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	585	3	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	585	4	equation	equation	NN
work_b3ftiyv34jhylmblxzqccxhcby	585	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	585	6	14	14	CD
work_b3ftiyv34jhylmblxzqccxhcby	585	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	585	8	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	585	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	585	10	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	585	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	585	12	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	585	13	so	so	IN
work_b3ftiyv34jhylmblxzqccxhcby	585	14	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	585	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	585	16	risk-	risk-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	585	17	averse	averse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	585	18	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	585	19	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	585	20	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	585	21	awarded	award	VBN
work_b3ftiyv34jhylmblxzqccxhcby	585	22	higher	higher	RBR
work_b3ftiyv34jhylmblxzqccxhcby	585	23	expected	expected	JJ
work_b3ftiyv34jhylmblxzqccxhcby	585	24	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	585	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	585	26	inducing	induce	VBG
work_b3ftiyv34jhylmblxzqccxhcby	585	27	her	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	585	28	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	585	29	absorb	absorb	VB
work_b3ftiyv34jhylmblxzqccxhcby	585	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	585	31	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	585	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	586	1	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	586	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	586	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	586	4	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	586	5	E1[p2	e1[p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	586	6	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	586	7	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	586	8	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	586	9	=	=	NN
work_b3ftiyv34jhylmblxzqccxhcby	586	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	586	11	βΛ2	βΛ2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	586	12	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	586	13	Λ1)E1[θ1	Λ1)E1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	586	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	586	15	>	>	NNP
work_b3ftiyv34jhylmblxzqccxhcby	586	16	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	586	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	587	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	587	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	587	3	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	587	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	587	5	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	587	6	selling	sell	VBG
work_b3ftiyv34jhylmblxzqccxhcby	587	7	pressure	pressure	NN
work_b3ftiyv34jhylmblxzqccxhcby	587	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	587	9	likely	likely	JJ
work_b3ftiyv34jhylmblxzqccxhcby	587	10	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	587	11	persist	persist	VB
work_b3ftiyv34jhylmblxzqccxhcby	587	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	587	13	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	587	14	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	587	15	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	587	16	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	587	17	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	587	18	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	587	19	depressed	depress	VBN
work_b3ftiyv34jhylmblxzqccxhcby	587	20	again	again	RB
work_b3ftiyv34jhylmblxzqccxhcby	587	21	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	587	22	date	date	NN
work_b3ftiyv34jhylmblxzqccxhcby	587	23	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	587	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	587	25	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	587	26	thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	587	27	ensure	ensure	VB
work_b3ftiyv34jhylmblxzqccxhcby	587	28	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	587	29	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	587	30	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	587	31	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	587	32	E1[v	E1[v	NFP
work_b3ftiyv34jhylmblxzqccxhcby	587	33	−p2	−p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	587	34	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	587	35	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	587	36	−βΛ2E1[θ1	−βλ2e1[θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	587	37	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	587	38	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	587	39	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	587	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	588	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	588	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	588	3	way	way	NN
work_b3ftiyv34jhylmblxzqccxhcby	588	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	588	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	588	6	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	588	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	588	8	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	588	9	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	588	10	offsets	offset	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	588	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	588	12	mean	mean	NNP
work_b3ftiyv34jhylmblxzqccxhcby	588	13	reversion	reversion	NN
work_b3ftiyv34jhylmblxzqccxhcby	588	14	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	588	15	resulting	result	VBG
work_b3ftiyv34jhylmblxzqccxhcby	588	16	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	588	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	588	18	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	588	19	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	588	20	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	588	21	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	588	22	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	588	23	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	588	24	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	588	25	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	588	26	unwinding	unwind	VBG
work_b3ftiyv34jhylmblxzqccxhcby	588	27	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	588	28	date	date	NN
work_b3ftiyv34jhylmblxzqccxhcby	588	29	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	588	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	589	1	41Proposition	41proposition	CD
work_b3ftiyv34jhylmblxzqccxhcby	589	2	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	589	3	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	589	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	589	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	589	6	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	589	7	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	589	8	1+γτu∆a2	1+γτu∆a2	CD
work_b3ftiyv34jhylmblxzqccxhcby	589	9	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	589	10	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	589	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	589	12	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	589	13	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	589	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	589	15	31	31	CD
work_b3ftiyv34jhylmblxzqccxhcby	589	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	589	17	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	589	18	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	589	19	Cov1[v−p2,p2−p1	Cov1[v−p2,p2−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	589	20	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	589	21	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	589	22	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	589	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	590	1	36	36	CD
work_b3ftiyv34jhylmblxzqccxhcby	590	2	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	590	3	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	590	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	591	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	591	2	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	591	3	=	=	NN
work_b3ftiyv34jhylmblxzqccxhcby	591	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	591	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	592	1	Then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	592	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	592	3	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	592	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	592	5	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	592	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	592	7	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	592	8	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	592	9	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	592	10	τ̂v	τ̂v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	592	11	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	592	12	exists	exist	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	592	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	592	14	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	592	15	β̂	β̂	.
work_b3ftiyv34jhylmblxzqccxhcby	592	16	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	592	17	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	592	18	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	592	19	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	592	20	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	592	21	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	592	22	β̂	β̂	CD
work_b3ftiyv34jhylmblxzqccxhcby	592	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	592	24	Cov[v	Cov[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	592	25	−p2,p2	−p2,p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	592	26	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	592	27	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	592	28	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	592	29	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	592	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	593	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	593	2	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	593	3	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	593	4	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	593	5	τ̂v	τ̂v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	593	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	593	7	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	593	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	593	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	593	10	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	593	11	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	593	12	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	593	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	593	14	A.28	a.28	NN
work_b3ftiyv34jhylmblxzqccxhcby	593	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	593	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	593	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	594	1	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	594	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	594	3	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	594	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	594	5	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	594	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	594	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	594	8	sign	sign	NN
work_b3ftiyv34jhylmblxzqccxhcby	594	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	594	10	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	594	11	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	594	12	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	594	13	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	594	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	594	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	594	16	due	due	JJ
work_b3ftiyv34jhylmblxzqccxhcby	594	17	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	594	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	594	19	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	594	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	594	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	594	22	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	594	23	explained	explain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	594	24	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	594	25	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	594	26	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	594	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	594	28	31	31	CD
work_b3ftiyv34jhylmblxzqccxhcby	594	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	594	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	595	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	595	2	finding	finding	NN
work_b3ftiyv34jhylmblxzqccxhcby	595	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	595	4	consistent	consistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	595	5	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	595	6	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	595	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	595	8	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	595	9	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	595	10	being	be	VBG
work_b3ftiyv34jhylmblxzqccxhcby	595	11	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	595	12	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	595	13	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	595	14	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	595	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	595	16	so	so	CC
work_b3ftiyv34jhylmblxzqccxhcby	595	17	here	here	RB
work_b3ftiyv34jhylmblxzqccxhcby	595	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	595	19	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	595	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	595	21	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	595	22	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	595	23	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	595	24	sign	sign	NN
work_b3ftiyv34jhylmblxzqccxhcby	595	25	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	595	26	poor	poor	JJ
work_b3ftiyv34jhylmblxzqccxhcby	595	27	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	595	28	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	595	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	596	1	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	596	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	596	3	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	596	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	596	5	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	596	6	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	596	7	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	596	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	596	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	596	10	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	596	11	β	β	DT
work_b3ftiyv34jhylmblxzqccxhcby	596	12	sufficiently	sufficiently	RB
work_b3ftiyv34jhylmblxzqccxhcby	596	13	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	596	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	596	15	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	596	16	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	596	17	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	596	18	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	596	19	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	596	20	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	596	21	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	596	22	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	596	23	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	596	24	information.42	information.42	NNP
work_b3ftiyv34jhylmblxzqccxhcby	596	25	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	596	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	596	27	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	596	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	596	29	however	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	596	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	596	31	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	596	32	occurs	occur	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	596	33	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	596	34	any	any	DT
work_b3ftiyv34jhylmblxzqccxhcby	596	35	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	596	36	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	596	37	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	596	38	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	596	39	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	596	40	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	596	41	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	596	42	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	596	43	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	596	44	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	597	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	597	2	means	mean	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	597	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	597	4	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	597	5	though	though	RB
work_b3ftiyv34jhylmblxzqccxhcby	597	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	597	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	597	8	very	very	RB
work_b3ftiyv34jhylmblxzqccxhcby	597	9	mild	mild	JJ
work_b3ftiyv34jhylmblxzqccxhcby	597	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	597	11	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	597	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	597	13	required	require	VBN
work_b3ftiyv34jhylmblxzqccxhcby	597	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	597	15	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	597	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	597	17	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	597	18	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	597	19	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	597	20	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	597	21	due	due	JJ
work_b3ftiyv34jhylmblxzqccxhcby	597	22	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	597	23	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	597	24	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	597	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	598	1	To	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	598	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	598	3	contrary	contrary	NN
work_b3ftiyv34jhylmblxzqccxhcby	598	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	598	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	598	6	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	598	7	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	598	8	illustrated	illustrate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	598	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	598	10	Proposition	Proposition	NNP
work_b3ftiyv34jhylmblxzqccxhcby	598	11	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	598	12	suggest	suggest	VBP
work_b3ftiyv34jhylmblxzqccxhcby	598	13	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	598	14	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	598	15	here	here	RB
work_b3ftiyv34jhylmblxzqccxhcby	598	16	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	598	17	rather	rather	RB
work_b3ftiyv34jhylmblxzqccxhcby	598	18	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	598	19	sign	sign	NN
work_b3ftiyv34jhylmblxzqccxhcby	598	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	598	21	rapid	rapid	JJ
work_b3ftiyv34jhylmblxzqccxhcby	598	22	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	598	23	convergence	convergence	NN
work_b3ftiyv34jhylmblxzqccxhcby	598	24	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	598	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	598	26	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	598	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	599	1	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	599	2	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	599	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	599	4	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	599	5	time	time	NNP
work_b3ftiyv34jhylmblxzqccxhcby	599	6	series	series	NNP
work_b3ftiyv34jhylmblxzqccxhcby	599	7	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	599	8	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	599	9	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	599	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	599	11	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	599	12	spans	span	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	599	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	599	14	vast	vast	JJ
work_b3ftiyv34jhylmblxzqccxhcby	599	15	class	class	NN
work_b3ftiyv34jhylmblxzqccxhcby	599	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	599	17	finan-	finan-	NN
work_b3ftiyv34jhylmblxzqccxhcby	599	18	cial	cial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	599	19	instruments	instrument	NNS
work_b3ftiyv34jhylmblxzqccxhcby	599	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	599	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	599	22	lagged	lag	VBN
work_b3ftiyv34jhylmblxzqccxhcby	599	23	12-month	12-month	CD
work_b3ftiyv34jhylmblxzqccxhcby	599	24	excess	excess	JJ
work_b3ftiyv34jhylmblxzqccxhcby	599	25	return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	599	26	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	599	27	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	599	28	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	599	29	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	599	30	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	599	31	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	599	32	good	good	JJ
work_b3ftiyv34jhylmblxzqccxhcby	599	33	predictor	predictor	NN
work_b3ftiyv34jhylmblxzqccxhcby	599	34	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	599	35	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	599	36	same	same	JJ
work_b3ftiyv34jhylmblxzqccxhcby	599	37	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	599	38	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	599	39	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	599	40	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	599	41	year	year	NN
work_b3ftiyv34jhylmblxzqccxhcby	599	42	ahead	ahead	RB
work_b3ftiyv34jhylmblxzqccxhcby	599	43	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	599	44	return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	599	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	600	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	2	addition	addition	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	600	4	Moskowitz	Moskowitz	NNP
work_b3ftiyv34jhylmblxzqccxhcby	600	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	600	6	Ooi	Ooi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	600	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	600	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	600	9	Ped-	Ped-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	600	10	ersen	ersen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	600	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	600	12	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	600	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	600	14	document	document	VB
work_b3ftiyv34jhylmblxzqccxhcby	600	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	600	16	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	600	17	patterns	pattern	NNS
work_b3ftiyv34jhylmblxzqccxhcby	600	18	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	600	19	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	20	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	21	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	600	22	series	series	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	23	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	24	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	600	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	600	26	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	600	28	hedgers	hedgers	NNP
work_b3ftiyv34jhylmblxzqccxhcby	600	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	600	30	who	who	WP
work_b3ftiyv34jhylmblxzqccxhcby	600	31	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	32	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	600	33	setup	setup	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	34	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	600	35	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	600	36	proxied	proxie	VBN
work_b3ftiyv34jhylmblxzqccxhcby	600	37	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	38	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	39	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	600	40	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	600	41	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	600	42	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	600	43	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	600	44	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	45	extended	extended	JJ
work_b3ftiyv34jhylmblxzqccxhcby	600	46	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	47	periods	period	NNS
work_b3ftiyv34jhylmblxzqccxhcby	600	48	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	600	49	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	600	50	induce	induce	VB
work_b3ftiyv34jhylmblxzqccxhcby	600	51	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	600	52	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	600	53	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	54	pressure	pressure	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	55	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	600	56	yielding	yield	VBG
work_b3ftiyv34jhylmblxzqccxhcby	600	57	continuation	continuation	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	58	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	59	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	600	60	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	600	61	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	600	62	ii	ii	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	63	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	600	64	speculators	speculator	NNS
work_b3ftiyv34jhylmblxzqccxhcby	600	65	benefit	benefit	VBP
work_b3ftiyv34jhylmblxzqccxhcby	600	66	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	67	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	68	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	600	69	series	series	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	70	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	71	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	72	going	go	VBG
work_b3ftiyv34jhylmblxzqccxhcby	600	73	long	long	RB
work_b3ftiyv34jhylmblxzqccxhcby	600	74	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	75	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	600	76	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	77	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	600	78	exploit	exploit	VB
work_b3ftiyv34jhylmblxzqccxhcby	600	79	its	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	600	80	anticipated	anticipate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	600	81	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	82	trend	trend	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	83	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	600	84	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	85	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	600	86	expense	expense	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	87	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	88	hedgers	hedger	NNS
work_b3ftiyv34jhylmblxzqccxhcby	600	89	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	600	90	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	600	91	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	600	92	iii	iii	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	93	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	600	94	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	600	95	spot	spot	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	96	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	97	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	98	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	600	99	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	100	underlying	underlie	VBG
work_b3ftiyv34jhylmblxzqccxhcby	600	101	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	600	102	futures	future	NNS
work_b3ftiyv34jhylmblxzqccxhcby	600	103	reacts	react	NNS
work_b3ftiyv34jhylmblxzqccxhcby	600	104	slowly	slowly	RB
work_b3ftiyv34jhylmblxzqccxhcby	600	105	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	600	106	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	600	107	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	601	1	These	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	601	2	patterns	pattern	NNS
work_b3ftiyv34jhylmblxzqccxhcby	601	3	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	601	4	con-	con-	NN
work_b3ftiyv34jhylmblxzqccxhcby	601	5	sistent	sistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	601	6	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	601	7	behavior	behavior	NN
work_b3ftiyv34jhylmblxzqccxhcby	601	8	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	601	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	601	10	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	601	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	602	1	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	602	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	602	3	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	602	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	602	5	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	602	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	602	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	602	8	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	602	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	602	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	602	11	long-	long-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	602	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	602	13	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	602	14	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	602	15	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	602	16	components	component	NNS
work_b3ftiyv34jhylmblxzqccxhcby	602	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	602	18	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	602	19	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	602	20	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	602	21	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	602	22	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	602	23	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	602	24	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	602	25	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	602	26	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	602	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	602	28	same	same	JJ
work_b3ftiyv34jhylmblxzqccxhcby	602	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	602	30	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	602	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	602	32	sign	sign	NN
work_b3ftiyv34jhylmblxzqccxhcby	602	33	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	602	34	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	602	35	equations	equation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	602	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	602	37	29a	29a	CD
work_b3ftiyv34jhylmblxzqccxhcby	602	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	602	39	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	602	40	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	602	41	29b	29b	NNS
work_b3ftiyv34jhylmblxzqccxhcby	602	42	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	602	43	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	603	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	603	2	implication	implication	NN
work_b3ftiyv34jhylmblxzqccxhcby	603	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	603	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	603	5	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	603	6	fully	fully	RB
work_b3ftiyv34jhylmblxzqccxhcby	603	7	exploit	exploit	VBP
work_b3ftiyv34jhylmblxzqccxhcby	603	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	603	9	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	603	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	603	11	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	603	12	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	603	13	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	603	14	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	603	15	mildly	mildly	RB
work_b3ftiyv34jhylmblxzqccxhcby	603	16	offsetting	offset	VBG
work_b3ftiyv34jhylmblxzqccxhcby	603	17	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	603	18	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	603	19	im-	im-	DT
work_b3ftiyv34jhylmblxzqccxhcby	603	20	pact	pact	NN
work_b3ftiyv34jhylmblxzqccxhcby	603	21	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	603	22	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	603	23	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	603	24	so	so	IN
work_b3ftiyv34jhylmblxzqccxhcby	603	25	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	603	26	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	603	27	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	603	28	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	603	29	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	603	30	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	603	31	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	603	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	604	1	Under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	604	2	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	604	3	conditions	condition	NNS
work_b3ftiyv34jhylmblxzqccxhcby	604	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	604	5	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	604	6	pays	pay	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	604	7	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	604	8	exploit	exploit	VB
work_b3ftiyv34jhylmblxzqccxhcby	604	9	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	604	10	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	604	11	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	604	12	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	604	13	precisely	precisely	RB
work_b3ftiyv34jhylmblxzqccxhcby	604	14	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	604	15	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	604	16	little	little	JJ
work_b3ftiyv34jhylmblxzqccxhcby	604	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	604	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	604	19	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	604	20	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	604	21	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	604	22	affects	affect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	604	23	aggregate	aggregate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	604	24	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	604	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	605	1	B	B	NNP
work_b3ftiyv34jhylmblxzqccxhcby	605	2	Expected	expected	JJ
work_b3ftiyv34jhylmblxzqccxhcby	605	3	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	605	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	605	5	return	return	VB
work_b3ftiyv34jhylmblxzqccxhcby	605	6	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	605	7	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	605	8	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	605	9	address	address	VBP
work_b3ftiyv34jhylmblxzqccxhcby	605	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	605	11	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	605	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	605	13	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	605	14	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	605	15	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	605	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	605	17	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	605	18	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	605	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	605	20	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	605	21	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	605	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	606	1	42This	42this	CD
work_b3ftiyv34jhylmblxzqccxhcby	606	2	claim	claim	NN
work_b3ftiyv34jhylmblxzqccxhcby	606	3	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	606	4	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	606	5	demonstrated	demonstrate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	606	6	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	606	7	computing	compute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	606	8	limτε→0	limτε→0	NNP
work_b3ftiyv34jhylmblxzqccxhcby	606	9	Cov[v−p2,p2	Cov[v−p2,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	606	10	−p1	−p1	FW
work_b3ftiyv34jhylmblxzqccxhcby	606	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	606	12	=	=	FW
work_b3ftiyv34jhylmblxzqccxhcby	606	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	606	14	β−γ2τvτu)/γ4τ2uτ3v	β−γ2τvτu)/γ4τ2uτ3v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	606	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	606	16	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	606	17	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	606	18	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	606	19	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	606	20	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	606	21	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	606	22	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	606	23	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	606	24	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	606	25	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	606	26	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	606	27	γ2τvτu	γ2τvτu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	606	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	607	1	37	37	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	2	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	607	3	start	start	VBP
work_b3ftiyv34jhylmblxzqccxhcby	607	4	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	607	5	computing	compute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	607	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	607	7	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	607	8	traded	trade	VBN
work_b3ftiyv34jhylmblxzqccxhcby	607	9	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	607	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	607	12	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	13	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	607	14	heterogeneous	heterogeneous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	607	15	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	16	net	net	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	607	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	607	19	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	607	20	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	21	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	607	22	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	607	23	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	607	24	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	607	25	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	607	26	information.43	information.43	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	27	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	607	28	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	607	29	V1	V1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	30	≡	≡	ADD
work_b3ftiyv34jhylmblxzqccxhcby	607	31	∫	∫	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	32	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	33	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	34	E[|X1(si	e[|x1(si	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	607	36	p1)|	p1)|	JJ
work_b3ftiyv34jhylmblxzqccxhcby	607	37	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	38	di−	di−	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	39	∫	∫	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	40	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	41	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	42	E[|X1(p1)|	E[|X1(p1)|	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	43	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	44	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	45	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	607	46	∫	∫	NFP
work_b3ftiyv34jhylmblxzqccxhcby	607	47	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	48	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	49	√	√	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	50	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	51	π	π	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	52	Var[X1(si	Var[X1(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	53	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	607	54	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	55	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	56	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	57	di−	di−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	58	∫	∫	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	59	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	60	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	61	√	√	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	62	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	63	π	π	SYM
work_b3ftiyv34jhylmblxzqccxhcby	607	64	Var[X1(p1	var[x1(p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	65	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	66	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	67	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	68	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	607	69	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	70	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	71	π	π	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	72	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	73	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	74	a21τ	a21τ	UH
work_b3ftiyv34jhylmblxzqccxhcby	607	75	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	76	ε	ε	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	77	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	607	78	τ	τ	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	79	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	80	u	u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	81	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	82	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	83	τ−1u	τ−1u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	84	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	85	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	86	32	32	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	87	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	88	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	607	89	V2	v2	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	90	≡	≡	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	91	∫	∫	:
work_b3ftiyv34jhylmblxzqccxhcby	607	92	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	93	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	94	E[|X2(si	e[|x2(si	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	95	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	607	96	p1,p2	p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	97	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	98	−X1(si	−X1(si	NNS
work_b3ftiyv34jhylmblxzqccxhcby	607	99	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	607	100	p1)|	p1)|	JJ
work_b3ftiyv34jhylmblxzqccxhcby	607	101	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	102	di−	di−	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	103	∫	∫	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	104	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	105	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	106	E[|X2(p1,p2	E[|X2(p1,p2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	607	107	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	108	−X1(p1)|	−X1(p1)|	NNS
work_b3ftiyv34jhylmblxzqccxhcby	607	109	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	110	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	111	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	607	112	∫	∫	NFP
work_b3ftiyv34jhylmblxzqccxhcby	607	113	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	114	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	115	√	√	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	116	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	117	π	π	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	118	Var	var	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	119	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	120	X2(si	x2(si	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	121	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	607	122	p1,p2	p1,p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	123	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	124	−X1(si	−X1(si	NNS
work_b3ftiyv34jhylmblxzqccxhcby	607	125	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	607	126	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	127	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	128	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	129	di−	di−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	130	∫	∫	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	131	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	132	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	133	√	√	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	134	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	135	π	π	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	136	Var	var	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	137	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	138	X2(p1,p2	X2(p1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	139	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	140	−X1(p1	−X1(p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	141	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	142	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	143	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	144	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	607	145	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	146	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	147	π	π	NN
work_b3ftiyv34jhylmblxzqccxhcby	607	148	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	149	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	150	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	151	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	152	−a2)2τ−1ε	−a2)2τ−1ε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	153	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	607	154	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	155	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	156	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	607	157	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	158	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	159	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	160	1)2)τ−1u	1)2)τ−1u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	161	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	162	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	163	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	164	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	607	165	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	607	166	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	167	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	168	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	169	1)2)τ−1u	1)2)τ−1u	NNP
work_b3ftiyv34jhylmblxzqccxhcby	607	170	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	607	171	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	608	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	608	2	33	33	CD
work_b3ftiyv34jhylmblxzqccxhcby	608	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	608	4	Using	use	VBG
work_b3ftiyv34jhylmblxzqccxhcby	608	5	V1	V1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	608	6	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	608	7	V2	v2	NN
work_b3ftiyv34jhylmblxzqccxhcby	608	8	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	608	9	measure	measure	VB
work_b3ftiyv34jhylmblxzqccxhcby	608	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	608	11	total	total	JJ
work_b3ftiyv34jhylmblxzqccxhcby	608	12	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	608	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	608	14	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	608	15	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	608	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	608	17	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	608	18	obtain	obtain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	608	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	608	20	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	608	21	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	608	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	609	1	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	609	2	9	9	CD
work_b3ftiyv34jhylmblxzqccxhcby	609	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	609	4	Expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	609	5	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	609	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	609	7	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	609	8	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	609	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	609	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	610	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	610	2	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	610	3	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	610	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	610	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	611	1	Then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	611	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	611	3	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	611	4	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	611	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	611	6	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	611	7	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	611	8	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	611	9	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	611	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	611	11	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	611	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	611	13	1	1	LS
work_b3ftiyv34jhylmblxzqccxhcby	611	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	611	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	611	16	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	611	17	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	611	18	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	611	19	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	611	20	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	611	21	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	611	22	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	611	23	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	611	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	611	25	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	611	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	612	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	612	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	612	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	612	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	612	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	612	6	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	612	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	612	8	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	612	9	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	612	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	612	11	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	612	12	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	612	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	612	14	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	612	15	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	612	16	survives	survive	NNS
work_b3ftiyv34jhylmblxzqccxhcby	612	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	613	1	Proof	proof	NN
work_b3ftiyv34jhylmblxzqccxhcby	613	2	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	614	1	Rearranging	Rearranging	NNP
work_b3ftiyv34jhylmblxzqccxhcby	614	2	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	614	3	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	614	4	’s	’s	NN
work_b3ftiyv34jhylmblxzqccxhcby	614	5	expressions	expression	NNS
work_b3ftiyv34jhylmblxzqccxhcby	614	6	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	614	7	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	614	8	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	614	9	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	614	10	xin	xin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	614	11	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	614	12	anεin	anεin	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	614	13	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	614	14	θn	θn	NN
work_b3ftiyv34jhylmblxzqccxhcby	614	15	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	614	16	n	n	NN
work_b3ftiyv34jhylmblxzqccxhcby	614	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	614	18	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	614	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	614	20	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	614	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	615	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	615	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	615	3	normally	normally	RB
work_b3ftiyv34jhylmblxzqccxhcby	615	4	distributed	distribute	VBN
work_b3ftiyv34jhylmblxzqccxhcby	615	5	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	615	6	variable	variable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	615	7	Y	Y	NNP
work_b3ftiyv34jhylmblxzqccxhcby	615	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	615	9	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	615	10	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	615	11	E[|Y	e[|y	CD
work_b3ftiyv34jhylmblxzqccxhcby	615	12	|	|	NNP
work_b3ftiyv34jhylmblxzqccxhcby	615	13	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	615	14	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	615	15	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	615	16	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	615	17	π	π	NN
work_b3ftiyv34jhylmblxzqccxhcby	615	18	Var[Y	var[y	NN
work_b3ftiyv34jhylmblxzqccxhcby	615	19	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	615	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	616	1	Since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	616	2	a∗∗∗1	a∗∗∗1	DT
work_b3ftiyv34jhylmblxzqccxhcby	616	3	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	616	4	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	616	5	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	616	6	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	616	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	616	8	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	616	9	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	616	10	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	616	11	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	616	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	616	13	32	32	CD
work_b3ftiyv34jhylmblxzqccxhcby	616	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	616	15	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	616	16	V1	V1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	616	17	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	616	18	larger	large	JJR
work_b3ftiyv34jhylmblxzqccxhcby	616	19	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	616	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	616	21	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	616	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	617	1	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	617	2	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	617	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	617	4	33	33	CD
work_b3ftiyv34jhylmblxzqccxhcby	617	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	617	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	617	7	V1	V1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	617	8	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	617	9	V2	v2	NN
work_b3ftiyv34jhylmblxzqccxhcby	617	10	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	617	11	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	617	12	increasing	increase	VBG
work_b3ftiyv34jhylmblxzqccxhcby	617	13	function	function	NN
work_b3ftiyv34jhylmblxzqccxhcby	617	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	617	15	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	617	16	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	617	17	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	617	18	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	617	19	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	617	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	617	21	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	617	22	condition	condition	NN
work_b3ftiyv34jhylmblxzqccxhcby	617	23	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	617	24	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	617	25	satisfied	satisfied	JJ
work_b3ftiyv34jhylmblxzqccxhcby	617	26	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	617	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	617	28	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	617	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	618	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	618	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	618	3	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	618	4	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	618	5	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	618	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	618	7	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	618	8	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	618	9	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	618	10	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	618	11	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	618	12	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	618	13	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	618	14	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	618	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	619	1	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	619	2	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	619	3	intuition	intuition	NN
work_b3ftiyv34jhylmblxzqccxhcby	619	4	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	619	5	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	619	6	9	9	CD
work_b3ftiyv34jhylmblxzqccxhcby	619	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	619	8	straightforward	straightforward	JJ
work_b3ftiyv34jhylmblxzqccxhcby	619	9	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	619	10	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	619	11	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	619	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	619	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	619	14	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	619	15	step	step	VB
work_b3ftiyv34jhylmblxzqccxhcby	619	16	up	up	RP
work_b3ftiyv34jhylmblxzqccxhcby	619	17	43In	43in	CD
work_b3ftiyv34jhylmblxzqccxhcby	619	18	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	619	19	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	619	20	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	619	21	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	619	22	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	619	23	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	619	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	619	25	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	619	26	absorb	absorb	VBP
work_b3ftiyv34jhylmblxzqccxhcby	619	27	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	619	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	619	29	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	619	30	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	619	31	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	619	32	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	619	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	620	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	620	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	620	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	620	4	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	620	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	620	6	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	620	7	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	620	8	reflect	reflect	VBP
work_b3ftiyv34jhylmblxzqccxhcby	620	9	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	620	10	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	620	11	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	620	12	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	620	13	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	620	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	620	15	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	620	16	E[|x1|	e[|x1|	NN
work_b3ftiyv34jhylmblxzqccxhcby	620	17	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	620	18	=	=	FW
work_b3ftiyv34jhylmblxzqccxhcby	620	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	620	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	620	21	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	620	22	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	620	23	π)τ−1u	π)τ−1u	JJ
work_b3ftiyv34jhylmblxzqccxhcby	620	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	620	25	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	620	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	621	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	621	2	approach	approach	NN
work_b3ftiyv34jhylmblxzqccxhcby	621	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	621	4	taken	take	VBN
work_b3ftiyv34jhylmblxzqccxhcby	621	5	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	621	6	He	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	621	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	621	8	Wang	Wang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	621	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	621	10	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	621	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	621	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	621	13	among	among	IN
work_b3ftiyv34jhylmblxzqccxhcby	621	14	others	other	NNS
work_b3ftiyv34jhylmblxzqccxhcby	621	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	622	1	38	38	CD
work_b3ftiyv34jhylmblxzqccxhcby	622	2	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	622	3	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	622	4	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	622	5	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	622	6	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	622	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	622	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	622	9	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	622	10	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	622	11	due	due	IN
work_b3ftiyv34jhylmblxzqccxhcby	622	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	622	13	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	622	14	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	622	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	622	16	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	622	17	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	622	18	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	622	19	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	622	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	623	1	Taken	take	VBN
work_b3ftiyv34jhylmblxzqccxhcby	623	2	together	together	RB
work_b3ftiyv34jhylmblxzqccxhcby	623	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	623	4	Corollaries	Corollaries	NNP
work_b3ftiyv34jhylmblxzqccxhcby	623	5	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	623	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	623	7	9	9	CD
work_b3ftiyv34jhylmblxzqccxhcby	623	8	imply	imply	VBP
work_b3ftiyv34jhylmblxzqccxhcby	623	9	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	623	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	623	11	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	623	12	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	623	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	623	14	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	623	15	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	623	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	623	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	623	18	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	623	19	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	623	20	predicts	predict	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	623	21	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	623	22	continuation	continuation	NN
work_b3ftiyv34jhylmblxzqccxhcby	623	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	623	24	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	623	25	regardless	regardless	RB
work_b3ftiyv34jhylmblxzqccxhcby	623	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	623	27	how	how	WRB
work_b3ftiyv34jhylmblxzqccxhcby	623	28	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	623	29	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	623	30	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	623	31	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	623	32	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	623	33	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	623	34	conclusion	conclusion	NN
work_b3ftiyv34jhylmblxzqccxhcby	623	35	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	623	36	accords	accord	NNS
work_b3ftiyv34jhylmblxzqccxhcby	623	37	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	623	38	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	623	39	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	623	40	presented	present	VBN
work_b3ftiyv34jhylmblxzqccxhcby	623	41	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	623	42	Llorente	Llorente	NNP
work_b3ftiyv34jhylmblxzqccxhcby	623	43	et	et	FW
work_b3ftiyv34jhylmblxzqccxhcby	623	44	al	al	NNP
work_b3ftiyv34jhylmblxzqccxhcby	623	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	624	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	624	2	2002	2002	CD
work_b3ftiyv34jhylmblxzqccxhcby	624	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	624	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	625	1	Yet	yet	RB
work_b3ftiyv34jhylmblxzqccxhcby	625	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	625	3	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	625	4	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	625	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	625	6	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	625	7	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	625	8	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	625	9	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	625	10	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	625	11	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	625	12	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	625	13	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	625	14	as	as	RB
work_b3ftiyv34jhylmblxzqccxhcby	625	15	long	long	RB
work_b3ftiyv34jhylmblxzqccxhcby	625	16	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	625	17	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	625	18	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	625	19	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	625	20	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	625	21	enough	enough	RB
work_b3ftiyv34jhylmblxzqccxhcby	625	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	626	1	However	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	626	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	626	3	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	626	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	626	5	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	626	6	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	626	7	signals	signal	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	626	8	slow	slow	JJ
work_b3ftiyv34jhylmblxzqccxhcby	626	9	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	626	10	convergence	convergence	NN
work_b3ftiyv34jhylmblxzqccxhcby	626	11	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	626	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	626	13	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	626	14	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	626	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	627	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	627	2	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	627	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	627	4	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	627	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	627	6	compatible	compatible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	627	7	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	627	8	both	both	CC
work_b3ftiyv34jhylmblxzqccxhcby	627	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	627	10	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	627	11	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	627	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	627	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	627	14	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	627	15	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	627	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	627	17	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	627	18	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	627	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	627	20	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	627	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	627	22	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	627	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	627	24	continued	continued	JJ
work_b3ftiyv34jhylmblxzqccxhcby	627	25	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	627	26	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	627	27	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	627	28	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	627	29	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	627	30	markedly	markedly	RB
work_b3ftiyv34jhylmblxzqccxhcby	627	31	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	627	32	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	627	33	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	627	34	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	627	35	situations	situation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	627	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	628	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	628	2	extant	extant	JJ
work_b3ftiyv34jhylmblxzqccxhcby	628	3	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	628	4	typically	typically	RB
work_b3ftiyv34jhylmblxzqccxhcby	628	5	associates	associate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	628	6	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	628	7	realizations	realization	NNS
work_b3ftiyv34jhylmblxzqccxhcby	628	8	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	628	9	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	628	10	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	628	11	diver-	diver-	XX
work_b3ftiyv34jhylmblxzqccxhcby	628	12	gence	gence	NN
work_b3ftiyv34jhylmblxzqccxhcby	628	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	628	14	opinions	opinion	NNS
work_b3ftiyv34jhylmblxzqccxhcby	628	15	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	628	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	628	17	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	628	18	payoff	payoff	NNP
work_b3ftiyv34jhylmblxzqccxhcby	628	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	628	20	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	628	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	628	22	e.g	e.g	NNP
work_b3ftiyv34jhylmblxzqccxhcby	628	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	628	24	Kandel	Kandel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	628	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	628	26	Pearson	Pearson	NNP
work_b3ftiyv34jhylmblxzqccxhcby	628	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	628	28	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	628	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	628	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	628	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	629	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	629	2	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	629	3	setup	setup	NN
work_b3ftiyv34jhylmblxzqccxhcby	629	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	629	5	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	629	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	629	7	measured	measure	VBN
work_b3ftiyv34jhylmblxzqccxhcby	629	8	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	629	9	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	629	10	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	629	11	Disag	Disag	NNP
work_b3ftiyv34jhylmblxzqccxhcby	629	12	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	629	13	Var	Var	NNP
work_b3ftiyv34jhylmblxzqccxhcby	629	14	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	629	15	Ein[v	Ein[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	629	16	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	629	17	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	629	18	Ēn[v	Ēn[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	629	19	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	629	20	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	629	21	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	629	22	Var[αEnεi	Var[αEnεi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	629	23	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	629	24	=	=	FW
work_b3ftiyv34jhylmblxzqccxhcby	629	25	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	629	26	τ2	τ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	629	27	in	in	RP
work_b3ftiyv34jhylmblxzqccxhcby	629	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	630	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	630	2	34	34	CD
work_b3ftiyv34jhylmblxzqccxhcby	630	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	630	4	From	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	630	5	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	630	6	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	630	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	630	8	Proposition	proposition	NN
work_b3ftiyv34jhylmblxzqccxhcby	630	9	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	630	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	630	11	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	630	12	conclude	conclude	VBP
work_b3ftiyv34jhylmblxzqccxhcby	630	13	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	630	14	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	630	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	630	16	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	630	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	630	18	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	630	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	630	20	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	630	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	630	22	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	630	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	630	24	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	630	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	630	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	631	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	631	2	statement	statement	NN
work_b3ftiyv34jhylmblxzqccxhcby	631	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	631	4	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	631	5	9	9	CD
work_b3ftiyv34jhylmblxzqccxhcby	631	6	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	631	7	imply	imply	VBP
work_b3ftiyv34jhylmblxzqccxhcby	631	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	631	9	following	following	NN
work_b3ftiyv34jhylmblxzqccxhcby	631	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	632	1	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	632	2	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	632	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	633	1	Volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	633	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	633	3	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	633	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	633	5	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	633	6	.	.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	633	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	633	8	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	633	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	633	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	633	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	633	12	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	633	13	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	633	14	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	633	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	633	16	resp	resp	NNP
work_b3ftiyv34jhylmblxzqccxhcby	633	17	.	.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	633	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	633	19	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	633	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	633	21	levels	level	NNS
work_b3ftiyv34jhylmblxzqccxhcby	633	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	633	23	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	633	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	634	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	634	2	corollary	corollary	NN
work_b3ftiyv34jhylmblxzqccxhcby	634	3	accommodates	accommodate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	634	4	recent	recent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	634	5	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	634	6	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	634	7	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	634	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	634	9	relationship	relationship	NN
work_b3ftiyv34jhylmblxzqccxhcby	634	10	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	634	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	634	12	convergence	convergence	NN
work_b3ftiyv34jhylmblxzqccxhcby	634	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	634	14	opinions	opinion	NNS
work_b3ftiyv34jhylmblxzqccxhcby	634	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	634	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	634	17	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	634	18	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	634	19	around	around	IN
work_b3ftiyv34jhylmblxzqccxhcby	634	20	earnings	earning	NNS
work_b3ftiyv34jhylmblxzqccxhcby	634	21	announcements	announcement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	634	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	635	1	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	635	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	635	3	Giannini	Giannini	NNP
work_b3ftiyv34jhylmblxzqccxhcby	635	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	635	5	Irvine	Irvine	NNP
work_b3ftiyv34jhylmblxzqccxhcby	635	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	635	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	635	8	Shu	Shu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	635	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	635	10	2013	2013	CD
work_b3ftiyv34jhylmblxzqccxhcby	635	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	635	12	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	635	13	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	635	14	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	635	15	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	635	16	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	635	17	actually	actually	RB
work_b3ftiyv34jhylmblxzqccxhcby	635	18	compatible	compatible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	635	19	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	635	20	convergence	convergence	NN
work_b3ftiyv34jhylmblxzqccxhcby	635	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	635	22	opinions	opinion	NNS
work_b3ftiyv34jhylmblxzqccxhcby	635	23	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	635	24	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	635	25	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	635	26	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	635	27	runs	run	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	635	28	counter	counter	RB
work_b3ftiyv34jhylmblxzqccxhcby	635	29	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	635	30	what	what	WP
work_b3ftiyv34jhylmblxzqccxhcby	635	31	most	most	JJS
work_b3ftiyv34jhylmblxzqccxhcby	635	32	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	635	33	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	635	34	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	635	35	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	635	36	transaction	transaction	NN
work_b3ftiyv34jhylmblxzqccxhcby	635	37	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	635	38	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	635	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	636	1	Their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	636	2	finding	finding	NN
work_b3ftiyv34jhylmblxzqccxhcby	636	3	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	636	4	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	636	5	explained	explain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	636	6	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	636	7	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	636	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	637	1	From	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	637	2	expressions	expression	NNS
work_b3ftiyv34jhylmblxzqccxhcby	637	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	637	4	32	32	CD
work_b3ftiyv34jhylmblxzqccxhcby	637	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	637	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	637	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	637	8	33	33	CD
work_b3ftiyv34jhylmblxzqccxhcby	637	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	637	10	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	637	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	637	12	clear	clear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	637	13	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	637	14	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	637	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	637	16	increasing	increase	VBG
work_b3ftiyv34jhylmblxzqccxhcby	637	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	637	18	a21	a21	NN
work_b3ftiyv34jhylmblxzqccxhcby	637	19	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	637	20	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	637	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	638	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	638	2	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	638	3	use	use	VBP
work_b3ftiyv34jhylmblxzqccxhcby	638	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	638	5	19	19	CD
work_b3ftiyv34jhylmblxzqccxhcby	638	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	638	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	638	8	obtain	obtain	VB
work_b3ftiyv34jhylmblxzqccxhcby	638	9	a21	a21	NNP
work_b3ftiyv34jhylmblxzqccxhcby	638	10	τε	τε	FW
work_b3ftiyv34jhylmblxzqccxhcby	638	11	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	638	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	638	13	γ	γ	DT
work_b3ftiyv34jhylmblxzqccxhcby	638	14	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	638	15	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	638	16	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	638	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	638	18	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	638	19	Var[αE1εi	Var[αE1εi	NNS
work_b3ftiyv34jhylmblxzqccxhcby	638	20	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	638	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	639	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	639	2	35	35	CD
work_b3ftiyv34jhylmblxzqccxhcby	639	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	639	4	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	639	5	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	639	6	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	639	7	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	639	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	639	9	right	right	JJ
work_b3ftiyv34jhylmblxzqccxhcby	639	10	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	639	11	hand	hand	NN
work_b3ftiyv34jhylmblxzqccxhcby	639	12	side	side	NN
work_b3ftiyv34jhylmblxzqccxhcby	639	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	639	14	equation	equation	NN
work_b3ftiyv34jhylmblxzqccxhcby	639	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	639	16	35	35	CD
work_b3ftiyv34jhylmblxzqccxhcby	639	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	639	18	captures	capture	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	639	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	639	20	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	639	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	639	22	in-	in-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	639	23	vestors	vestor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	639	24	’	'	''
work_b3ftiyv34jhylmblxzqccxhcby	639	25	perceived	perceive	VBD
work_b3ftiyv34jhylmblxzqccxhcby	639	26	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	639	27	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	639	28	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	639	29	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	639	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	639	31	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	639	32	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	639	33	coincides	coincide	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	639	34	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	639	35	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	639	36	definition	definition	NN
work_b3ftiyv34jhylmblxzqccxhcby	639	37	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	639	38	dis-	dis-	NN
work_b3ftiyv34jhylmblxzqccxhcby	639	39	agreement	agreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	639	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	640	1	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	640	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	640	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	640	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	640	5	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	640	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	640	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	640	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	640	9	know	know	VBP
work_b3ftiyv34jhylmblxzqccxhcby	640	10	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	640	11	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	640	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	640	13	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	640	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	640	15	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	640	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	640	17	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	640	18	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	640	19	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	640	20	know	know	VBP
work_b3ftiyv34jhylmblxzqccxhcby	640	21	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	640	22	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	640	23	face	face	VBP
work_b3ftiyv34jhylmblxzqccxhcby	640	24	little	little	JJ
work_b3ftiyv34jhylmblxzqccxhcby	640	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	640	26	considerable	considerable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	640	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	640	28	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	640	29	concerning	concern	VBG
work_b3ftiyv34jhylmblxzqccxhcby	640	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	640	31	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	640	32	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	640	33	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	640	34	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	640	35	po-	po-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	640	36	39	39	CD
work_b3ftiyv34jhylmblxzqccxhcby	640	37	sitions	sition	NNS
work_b3ftiyv34jhylmblxzqccxhcby	640	38	unwind	unwind	JJ
work_b3ftiyv34jhylmblxzqccxhcby	640	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	641	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	641	2	latter	latter	JJ
work_b3ftiyv34jhylmblxzqccxhcby	641	3	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	641	4	prevails	prevail	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	641	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	641	6	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	641	7	setup	setup	NN
work_b3ftiyv34jhylmblxzqccxhcby	641	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	641	9	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	641	10	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	641	11	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	641	12	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	641	13	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	641	14	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	641	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	641	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	641	17	good	good	JJ
work_b3ftiyv34jhylmblxzqccxhcby	641	18	proxy	proxy	NN
work_b3ftiyv34jhylmblxzqccxhcby	641	19	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	641	20	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	641	21	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	641	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	641	23	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	641	24	perceived	perceive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	641	25	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	641	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	642	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	642	2	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	642	3	predicts	predict	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	642	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	642	5	addition	addition	NN
work_b3ftiyv34jhylmblxzqccxhcby	642	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	642	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	642	8	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	642	9	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	642	10	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	642	11	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	642	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	642	13	opinions	opinion	NNS
work_b3ftiyv34jhylmblxzqccxhcby	642	14	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	642	15	converging	converge	VBG
work_b3ftiyv34jhylmblxzqccxhcby	642	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	642	17	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	642	18	should	should	MD
work_b3ftiyv34jhylmblxzqccxhcby	642	19	serve	serve	VB
work_b3ftiyv34jhylmblxzqccxhcby	642	20	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	642	21	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	642	22	reliable	reliable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	642	23	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	642	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	642	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	642	26	underlying	underlie	VBG
work_b3ftiyv34jhylmblxzqccxhcby	642	27	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	642	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	643	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	643	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	643	3	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	643	4	findings	finding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	643	5	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	643	6	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	643	7	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	643	8	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	643	9	related	related	JJ
work_b3ftiyv34jhylmblxzqccxhcby	643	10	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	643	11	Banerjee	Banerjee	NNP
work_b3ftiyv34jhylmblxzqccxhcby	643	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	643	13	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	643	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	643	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	643	16	Kondor	Kondor	NNP
work_b3ftiyv34jhylmblxzqccxhcby	643	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	643	18	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	643	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	643	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	644	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	644	2	former	former	JJ
work_b3ftiyv34jhylmblxzqccxhcby	644	3	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	644	4	compares	compare	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	644	5	differences	difference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	644	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	644	7	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	644	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	644	9	DO	do	VB
work_b3ftiyv34jhylmblxzqccxhcby	644	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	644	11	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	644	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	644	13	rational	rational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	644	14	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	644	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	644	16	RE	RE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	644	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	644	18	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	644	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	645	1	One	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	645	2	prediction	prediction	NN
work_b3ftiyv34jhylmblxzqccxhcby	645	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	645	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	645	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	645	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	645	7	DO	DO	NNP
work_b3ftiyv34jhylmblxzqccxhcby	645	8	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	645	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	645	10	differently	differently	RB
work_b3ftiyv34jhylmblxzqccxhcby	645	11	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	645	12	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	645	13	RE	RE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	645	14	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	645	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	645	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	645	17	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	645	18	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	645	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	645	20	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	645	21	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	645	22	negatively	negatively	RB
work_b3ftiyv34jhylmblxzqccxhcby	645	23	related	relate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	645	24	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	645	25	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	645	26	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	645	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	646	1	That	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	646	2	relation	relation	NN
work_b3ftiyv34jhylmblxzqccxhcby	646	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	646	4	precisely	precisely	RB
work_b3ftiyv34jhylmblxzqccxhcby	646	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	646	6	one	one	NN
work_b3ftiyv34jhylmblxzqccxhcby	646	7	found	find	VBN
work_b3ftiyv34jhylmblxzqccxhcby	646	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	646	9	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	646	10	RE	RE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	646	11	setup	setup	NN
work_b3ftiyv34jhylmblxzqccxhcby	646	12	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	646	13	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	646	14	complementarities	complementarity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	646	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	646	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	646	17	coupling	coupling	NN
work_b3ftiyv34jhylmblxzqccxhcby	646	18	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	646	19	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	646	20	9	9	CD
work_b3ftiyv34jhylmblxzqccxhcby	646	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	646	22	Numerical	Numerical	NNP
work_b3ftiyv34jhylmblxzqccxhcby	646	23	Result	Result	NNP
work_b3ftiyv34jhylmblxzqccxhcby	646	24	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	646	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	646	26	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	646	27	though	though	IN
work_b3ftiyv34jhylmblxzqccxhcby	646	28	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	646	29	agree	agree	VBP
work_b3ftiyv34jhylmblxzqccxhcby	646	30	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	646	31	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	646	32	common	common	JJ
work_b3ftiyv34jhylmblxzqccxhcby	646	33	prior	prior	NN
work_b3ftiyv34jhylmblxzqccxhcby	646	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	647	1	Hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	647	2	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	647	3	conclude	conclude	VBP
work_b3ftiyv34jhylmblxzqccxhcby	647	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	647	5	observing	observe	VBG
work_b3ftiyv34jhylmblxzqccxhcby	647	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	647	7	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	647	8	correlation	correlation	NN
work_b3ftiyv34jhylmblxzqccxhcby	647	9	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	647	10	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	647	11	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	647	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	647	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	647	14	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	647	15	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	647	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	647	17	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	647	18	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	647	19	insufficient	insufficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	647	20	grounds	ground	NNS
work_b3ftiyv34jhylmblxzqccxhcby	647	21	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	647	22	rejecting	reject	VBG
work_b3ftiyv34jhylmblxzqccxhcby	647	23	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	647	24	RE	RE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	647	25	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	647	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	648	1	On	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	648	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	648	3	contrary	contrary	NN
work_b3ftiyv34jhylmblxzqccxhcby	648	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	648	5	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	648	6	correlation	correlation	NN
work_b3ftiyv34jhylmblxzqccxhcby	648	7	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	648	8	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	648	9	indicate	indicate	VB
work_b3ftiyv34jhylmblxzqccxhcby	648	10	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	648	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	648	12	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	648	13	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	648	14	mechanism	mechanism	NN
work_b3ftiyv34jhylmblxzqccxhcby	648	15	described	describe	VBN
work_b3ftiyv34jhylmblxzqccxhcby	648	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	648	17	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	648	18	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	648	19	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	648	20	responsible	responsible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	648	21	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	648	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	648	23	observed	observed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	648	24	regularity	regularity	NN
work_b3ftiyv34jhylmblxzqccxhcby	648	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	649	1	Kondor	Kondor	NNP
work_b3ftiyv34jhylmblxzqccxhcby	649	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	649	3	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	649	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	649	5	stud-	stud-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	649	6	ies	ie	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	649	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	649	8	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	649	9	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	649	10	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	649	11	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	649	12	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	649	13	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	649	14	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	649	15	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	649	16	factor	factor	NN
work_b3ftiyv34jhylmblxzqccxhcby	649	17	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	649	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	649	19	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	649	20	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	649	21	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	649	22	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	649	23	who	who	WP
work_b3ftiyv34jhylmblxzqccxhcby	649	24	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	649	25	factor	factor	NN
work_b3ftiyv34jhylmblxzqccxhcby	649	26	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	649	27	specific	specific	JJ
work_b3ftiyv34jhylmblxzqccxhcby	649	28	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	649	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	650	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	650	2	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	650	3	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	650	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	650	5	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	650	6	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	650	7	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	650	8	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	650	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	650	10	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	650	11	generates	generate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	650	12	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	650	13	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	650	14	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	650	15	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	650	16	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	650	17	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	650	18	compare	compare	VB
work_b3ftiyv34jhylmblxzqccxhcby	650	19	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	650	20	factor	factor	NN
work_b3ftiyv34jhylmblxzqccxhcby	650	21	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	650	22	specific	specific	JJ
work_b3ftiyv34jhylmblxzqccxhcby	650	23	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	650	24	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	650	25	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	650	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	650	27	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	650	28	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	650	29	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	650	30	thereby	thereby	RB
work_b3ftiyv34jhylmblxzqccxhcby	650	31	gauge	gauge	VB
work_b3ftiyv34jhylmblxzqccxhcby	650	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	650	33	magnitude	magnitude	NN
work_b3ftiyv34jhylmblxzqccxhcby	650	34	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	650	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	650	36	factor	factor	NN
work_b3ftiyv34jhylmblxzqccxhcby	650	37	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	650	38	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	650	39	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	650	40	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	650	41	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	650	42	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	650	43	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	650	44	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	651	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	651	2	author	author	NN
work_b3ftiyv34jhylmblxzqccxhcby	651	3	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	651	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	651	5	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	651	6	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	651	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	651	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	651	9	infor-	infor-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	651	10	mativeness	mativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	651	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	651	12	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	651	13	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	651	14	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	651	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	651	16	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	651	17	facilitating	facilitate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	651	18	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	651	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	651	20	generate	generate	VB
work_b3ftiyv34jhylmblxzqccxhcby	651	21	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	651	22	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	651	23	as	as	RB
work_b3ftiyv34jhylmblxzqccxhcby	651	24	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	651	25	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	651	26	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	651	27	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	651	28	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	651	29	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	651	30	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	651	31	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	651	32	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	651	33	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	651	34	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	651	35	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	651	36	volatile	volatile	JJ
work_b3ftiyv34jhylmblxzqccxhcby	651	37	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	651	38	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	651	39	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	651	40	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	651	41	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	651	42	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	651	43	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	651	44	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	652	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	652	2	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	652	3	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	652	4	produce	produce	VB
work_b3ftiyv34jhylmblxzqccxhcby	652	5	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	652	6	patterns	pattern	NNS
work_b3ftiyv34jhylmblxzqccxhcby	652	7	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	652	8	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	652	9	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	652	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	653	1	However	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	653	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	653	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	653	4	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	653	5	setup	setup	NN
work_b3ftiyv34jhylmblxzqccxhcby	653	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	653	7	association	association	NN
work_b3ftiyv34jhylmblxzqccxhcby	653	8	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	653	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	653	10	burst	burst	NN
work_b3ftiyv34jhylmblxzqccxhcby	653	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	653	12	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	653	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	653	14	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	653	15	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	653	16	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	653	17	results	result	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	653	18	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	653	19	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	653	20	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	653	21	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	653	22	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	653	23	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	653	24	precise	precise	JJ
work_b3ftiyv34jhylmblxzqccxhcby	653	25	enough	enough	RB
work_b3ftiyv34jhylmblxzqccxhcby	653	26	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	653	27	stabilize	stabilize	VB
work_b3ftiyv34jhylmblxzqccxhcby	653	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	653	29	HIE.44	HIE.44	NNP
work_b3ftiyv34jhylmblxzqccxhcby	653	30	C	C	NNP
work_b3ftiyv34jhylmblxzqccxhcby	653	31	Stock	Stock	NNP
work_b3ftiyv34jhylmblxzqccxhcby	653	32	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	653	33	fragility	fragility	NN
work_b3ftiyv34jhylmblxzqccxhcby	653	34	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	653	35	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	653	36	Greenwood	Greenwood	NNP
work_b3ftiyv34jhylmblxzqccxhcby	653	37	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	653	38	Thesmar	Thesmar	NNP
work_b3ftiyv34jhylmblxzqccxhcby	653	39	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	653	40	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	653	41	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	653	42	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	653	43	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	653	44	fragile	fragile	JJ
work_b3ftiyv34jhylmblxzqccxhcby	653	45	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	653	46	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	653	47	one	one	NN
work_b3ftiyv34jhylmblxzqccxhcby	653	48	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	653	49	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	653	50	vulnerable	vulnerable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	653	51	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	653	52	non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	653	53	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	653	54	fundamental	fundamental	JJ
work_b3ftiyv34jhylmblxzqccxhcby	653	55	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	653	56	shocks	shock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	653	57	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	654	1	These	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	654	2	authors	author	NNS
work_b3ftiyv34jhylmblxzqccxhcby	654	3	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	654	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	654	5	ownership	ownership	NN
work_b3ftiyv34jhylmblxzqccxhcby	654	6	concentration	concentration	NN
work_b3ftiyv34jhylmblxzqccxhcby	654	7	increases	increase	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	654	8	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	654	9	fragility	fragility	NN
work_b3ftiyv34jhylmblxzqccxhcby	654	10	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	654	11	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	654	12	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	654	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	654	14	active	active	JJ
work_b3ftiyv34jhylmblxzqccxhcby	654	15	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	654	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	654	17	hedge	hedge	NN
work_b3ftiyv34jhylmblxzqccxhcby	654	18	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	654	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	654	20	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	654	21	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	654	22	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	654	23	mitigate	mitigate	VB
work_b3ftiyv34jhylmblxzqccxhcby	654	24	fragility	fragility	NN
work_b3ftiyv34jhylmblxzqccxhcby	654	25	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	654	26	counteracting	counteract	VBG
work_b3ftiyv34jhylmblxzqccxhcby	654	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	654	28	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	654	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	654	30	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	654	31	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	654	32	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	654	33	flow	flow	NN
work_b3ftiyv34jhylmblxzqccxhcby	654	34	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	654	35	induced	induce	VBN
work_b3ftiyv34jhylmblxzqccxhcby	654	36	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	654	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	655	1	44For	44for	CD
work_b3ftiyv34jhylmblxzqccxhcby	655	2	example	example	NN
work_b3ftiyv34jhylmblxzqccxhcby	655	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	655	4	set	set	VBN
work_b3ftiyv34jhylmblxzqccxhcby	655	5	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	655	6	=	=	FW
work_b3ftiyv34jhylmblxzqccxhcby	655	7	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	655	8	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	655	9	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	655	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	655	11	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	655	12	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	655	13	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	655	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	655	15	τη	τη	NNP
work_b3ftiyv34jhylmblxzqccxhcby	655	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	655	17	.2	.2	XX
work_b3ftiyv34jhylmblxzqccxhcby	655	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	655	19	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	655	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	655	21	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	655	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	655	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	655	24	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	655	25	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	655	26	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	655	27	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	655	28	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	655	29	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	655	30	obtain	obtain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	655	31	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	655	32	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	655	33	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	655	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	655	35	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	655	36	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	655	37	.29	.29	NFP
work_b3ftiyv34jhylmblxzqccxhcby	655	38	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	655	39	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	655	40	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	655	41	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	655	42	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	655	43	.86	.86	CD
work_b3ftiyv34jhylmblxzqccxhcby	655	44	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	656	1	By	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	656	2	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	656	3	9	9	CD
work_b3ftiyv34jhylmblxzqccxhcby	656	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	656	5	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	656	6	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	656	7	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	656	8	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	656	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	656	10	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	656	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	657	1	Furthermore	furthermore	RB
work_b3ftiyv34jhylmblxzqccxhcby	657	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	657	3	calculating	calculate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	657	4	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	657	5	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	657	6	yields	yield	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	657	7	Var[p1	Var[p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	657	8	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	657	9	∗∗∗	∗∗∗	FW
work_b3ftiyv34jhylmblxzqccxhcby	657	10	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	657	11	.05	.05	NFP
work_b3ftiyv34jhylmblxzqccxhcby	657	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	657	13	Var[p2|sP	Var[p2|sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	657	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	657	15	∗∗∗	∗∗∗	FW
work_b3ftiyv34jhylmblxzqccxhcby	657	16	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	657	17	.07	.07	NFP
work_b3ftiyv34jhylmblxzqccxhcby	657	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	657	19	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	657	20	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	657	21	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	657	22	Var[p1]∗	Var[p1]∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	657	23	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	657	24	.02	.02	NFP
work_b3ftiyv34jhylmblxzqccxhcby	657	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	657	26	Var[p2|sP	Var[p2|sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	657	27	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	657	28	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	657	29	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	657	30	.04	.04	NFP
work_b3ftiyv34jhylmblxzqccxhcby	657	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	658	1	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	658	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	658	3	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	658	4	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	658	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	658	6	larger	large	JJR
work_b3ftiyv34jhylmblxzqccxhcby	658	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	658	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	658	9	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	658	10	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	658	11	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	658	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	658	13	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	658	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	658	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	658	16	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	658	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	658	18	resp	resp	NN
work_b3ftiyv34jhylmblxzqccxhcby	658	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	659	1	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	659	2	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	659	3	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	659	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	660	1	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	660	2	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	660	3	idea	idea	NN
work_b3ftiyv34jhylmblxzqccxhcby	660	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	660	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	660	6	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	660	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	660	8	mispricing	mispricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	660	9	induced	induce	VBN
work_b3ftiyv34jhylmblxzqccxhcby	660	10	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	660	11	non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	660	12	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	660	13	fundamental	fundamental	JJ
work_b3ftiyv34jhylmblxzqccxhcby	660	14	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	660	15	shocks	shock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	660	16	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	660	17	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	660	18	enough	enough	RB
work_b3ftiyv34jhylmblxzqccxhcby	660	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	660	20	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	660	21	hedge	hedge	NN
work_b3ftiyv34jhylmblxzqccxhcby	660	22	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	660	23	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	660	24	step	step	VB
work_b3ftiyv34jhylmblxzqccxhcby	660	25	in	in	RB
work_b3ftiyv34jhylmblxzqccxhcby	660	26	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	660	27	correct	correct	VB
work_b3ftiyv34jhylmblxzqccxhcby	660	28	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	660	29	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	660	30	taking	take	VBG
work_b3ftiyv34jhylmblxzqccxhcby	660	31	offsetting	offset	VBG
work_b3ftiyv34jhylmblxzqccxhcby	660	32	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	660	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	661	1	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	661	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	661	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	661	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	661	5	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	661	6	hypothesis	hypothesis	NN
work_b3ftiyv34jhylmblxzqccxhcby	661	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	661	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	661	9	line	line	NN
work_b3ftiyv34jhylmblxzqccxhcby	661	10	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	661	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	661	12	mechanism	mechanism	NN
work_b3ftiyv34jhylmblxzqccxhcby	661	13	outlined	outline	VBN
work_b3ftiyv34jhylmblxzqccxhcby	661	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	661	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	661	16	29a	29a	CD
work_b3ftiyv34jhylmblxzqccxhcby	661	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	661	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	661	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	661	20	29b	29b	NNS
work_b3ftiyv34jhylmblxzqccxhcby	661	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	661	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	662	1	Greenwood	greenwood	NN
work_b3ftiyv34jhylmblxzqccxhcby	662	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	662	3	Thesmar	Thesmar	NNP
work_b3ftiyv34jhylmblxzqccxhcby	662	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	662	5	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	662	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	662	7	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	662	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	662	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	662	10	distribution	distribution	NN
work_b3ftiyv34jhylmblxzqccxhcby	662	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	662	12	offsetting	offset	VBG
work_b3ftiyv34jhylmblxzqccxhcby	662	13	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	662	14	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	662	15	extremely	extremely	RB
work_b3ftiyv34jhylmblxzqccxhcby	662	16	heterogeneous	heterogeneous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	662	17	across	across	IN
work_b3ftiyv34jhylmblxzqccxhcby	662	18	stocks	stock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	662	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	662	20	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	662	21	some	some	DT
work_b3ftiyv34jhylmblxzqccxhcby	662	22	stocks	stock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	662	23	characterized	characterize	VBN
work_b3ftiyv34jhylmblxzqccxhcby	662	24	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	662	25	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	662	26	offsetting	offsetting	JJ
work_b3ftiyv34jhylmblxzqccxhcby	662	27	effects	effect	NNS
work_b3ftiyv34jhylmblxzqccxhcby	662	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	662	29	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	662	30	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	662	31	stocks	stock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	662	32	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	662	33	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	662	34	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	662	35	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	662	36	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	662	37	relatively	relatively	RB
work_b3ftiyv34jhylmblxzqccxhcby	662	38	weak	weak	JJ
work_b3ftiyv34jhylmblxzqccxhcby	662	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	663	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	663	2	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	663	3	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	663	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	663	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	663	6	former	former	JJ
work_b3ftiyv34jhylmblxzqccxhcby	663	7	stocks	stock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	663	8	should	should	MD
work_b3ftiyv34jhylmblxzqccxhcby	663	9	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	663	10	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	663	11	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	663	12	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	663	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	663	14	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	663	15	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	663	16	likely	likely	JJ
work_b3ftiyv34jhylmblxzqccxhcby	663	17	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	663	18	prevail	prevail	VB
work_b3ftiyv34jhylmblxzqccxhcby	663	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	663	20	hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	663	21	should	should	MD
work_b3ftiyv34jhylmblxzqccxhcby	663	22	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	663	23	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	663	24	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	663	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	663	26	combination	combination	NN
work_b3ftiyv34jhylmblxzqccxhcby	663	27	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	663	28	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	663	29	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	663	30	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	663	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	663	32	converging	converge	VBG
work_b3ftiyv34jhylmblxzqccxhcby	663	33	opinions	opinion	NNS
work_b3ftiyv34jhylmblxzqccxhcby	663	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	664	1	Conversely	conversely	RB
work_b3ftiyv34jhylmblxzqccxhcby	664	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	664	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	664	4	predict	predict	VBP
work_b3ftiyv34jhylmblxzqccxhcby	664	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	664	6	stocks	stock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	664	7	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	664	8	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	664	9	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	664	10	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	664	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	664	12	diverging	diverge	VBG
work_b3ftiyv34jhylmblxzqccxhcby	664	13	opinions	opinion	NNS
work_b3ftiyv34jhylmblxzqccxhcby	664	14	should	should	MD
work_b3ftiyv34jhylmblxzqccxhcby	664	15	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	664	16	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	664	17	fragile	fragile	JJ
work_b3ftiyv34jhylmblxzqccxhcby	664	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	665	1	D	D	NNP
work_b3ftiyv34jhylmblxzqccxhcby	665	2	Identifying	Identifying	NNP
work_b3ftiyv34jhylmblxzqccxhcby	665	3	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	665	4	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	665	5	know	know	VBP
work_b3ftiyv34jhylmblxzqccxhcby	665	6	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	665	7	Jovanovic	Jovanovic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	665	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	665	9	1989	1989	CD
work_b3ftiyv34jhylmblxzqccxhcby	665	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	665	11	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	665	12	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	665	13	governed	govern	VBN
work_b3ftiyv34jhylmblxzqccxhcby	665	14	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	665	15	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	665	16	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	665	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	665	18	structural	structural	JJ
work_b3ftiyv34jhylmblxzqccxhcby	665	19	parameters	parameter	NNS
work_b3ftiyv34jhylmblxzqccxhcby	665	20	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	665	21	severe	severe	JJ
work_b3ftiyv34jhylmblxzqccxhcby	665	22	identification	identification	NN
work_b3ftiyv34jhylmblxzqccxhcby	665	23	problems	problem	NNS
work_b3ftiyv34jhylmblxzqccxhcby	665	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	665	25	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	665	26	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	665	27	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	665	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	665	29	set	set	NN
work_b3ftiyv34jhylmblxzqccxhcby	665	30	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	665	31	distributions	distribution	NNS
work_b3ftiyv34jhylmblxzqccxhcby	665	32	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	665	33	observable	observable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	665	34	outcomes	outcome	NNS
work_b3ftiyv34jhylmblxzqccxhcby	665	35	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	665	36	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	665	37	consistent	consistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	665	38	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	665	39	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	665	40	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	665	41	structure	structure	NN
work_b3ftiyv34jhylmblxzqccxhcby	665	42	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	665	43	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	665	44	quite	quite	RB
work_b3ftiyv34jhylmblxzqccxhcby	665	45	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	665	46	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	665	47	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	665	48	Pos-	Pos-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	665	49	itive	itive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	665	50	identification	identification	NN
work_b3ftiyv34jhylmblxzqccxhcby	665	51	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	665	52	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	665	53	obtained	obtain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	665	54	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	665	55	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	665	56	range	range	NN
work_b3ftiyv34jhylmblxzqccxhcby	665	57	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	665	58	papers	paper	NNS
work_b3ftiyv34jhylmblxzqccxhcby	665	59	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	665	60	use	use	VBP
work_b3ftiyv34jhylmblxzqccxhcby	665	61	simple	simple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	665	62	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	665	63	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	665	64	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	665	65	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	665	66	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	665	67	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	665	68	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	665	69	discrete	discrete	JJ
work_b3ftiyv34jhylmblxzqccxhcby	665	70	entry	entry	NN
work_b3ftiyv34jhylmblxzqccxhcby	665	71	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	665	72	binary	binary	JJ
work_b3ftiyv34jhylmblxzqccxhcby	665	73	games	game	NNS
work_b3ftiyv34jhylmblxzqccxhcby	665	74	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	665	75	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	665	76	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	665	77	accounts	account	NNS
work_b3ftiyv34jhylmblxzqccxhcby	665	78	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	665	79	Ackerberg	Ackerberg	NNP
work_b3ftiyv34jhylmblxzqccxhcby	665	80	et	et	FW
work_b3ftiyv34jhylmblxzqccxhcby	665	81	al	al	NNP
work_b3ftiyv34jhylmblxzqccxhcby	665	82	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	666	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	666	2	2007	2007	CD
work_b3ftiyv34jhylmblxzqccxhcby	666	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	666	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	666	5	Berry	Berry	NNP
work_b3ftiyv34jhylmblxzqccxhcby	666	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	666	7	Tamer	Tamer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	666	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	666	9	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	666	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	666	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	666	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	667	1	Identification	identification	NN
work_b3ftiyv34jhylmblxzqccxhcby	667	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	667	3	structural	structural	JJ
work_b3ftiyv34jhylmblxzqccxhcby	667	4	parameters	parameter	NNS
work_b3ftiyv34jhylmblxzqccxhcby	667	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	667	6	achieved	achieve	VBN
work_b3ftiyv34jhylmblxzqccxhcby	667	7	through	through	IN
work_b3ftiyv34jhylmblxzqccxhcby	667	8	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	667	9	refinements	refinement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	667	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	667	11	shape	shape	NN
work_b3ftiyv34jhylmblxzqccxhcby	667	12	restrictions	restriction	NNS
work_b3ftiyv34jhylmblxzqccxhcby	667	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	667	14	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	667	15	assumptions	assumption	NNS
work_b3ftiyv34jhylmblxzqccxhcby	667	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	667	17	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	667	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	667	19	specification	specification	NN
work_b3ftiyv34jhylmblxzqccxhcby	667	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	667	21	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	667	22	selection	selection	NN
work_b3ftiyv34jhylmblxzqccxhcby	667	23	mechanisms	mechanism	NNS
work_b3ftiyv34jhylmblxzqccxhcby	667	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	668	1	Alternatively	alternatively	RB
work_b3ftiyv34jhylmblxzqccxhcby	668	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	668	3	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	668	4	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	668	5	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	668	6	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	668	7	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	668	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	668	9	identified	identify	VBN
work_b3ftiyv34jhylmblxzqccxhcby	668	10	features	feature	NNS
work_b3ftiyv34jhylmblxzqccxhcby	668	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	668	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	668	13	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	668	14	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	668	15	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	668	16	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	668	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	668	18	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	668	19	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	668	20	sets	set	NNS
work_b3ftiyv34jhylmblxzqccxhcby	668	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	668	22	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	668	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	668	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	668	25	structural	structural	JJ
work_b3ftiyv34jhylmblxzqccxhcby	668	26	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	668	27	vector	vector	NN
work_b3ftiyv34jhylmblxzqccxhcby	668	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	668	29	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	668	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	668	31	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	668	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	668	33	Ciliberto	Ciliberto	NNP
work_b3ftiyv34jhylmblxzqccxhcby	668	34	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	668	35	Tamer	Tamer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	668	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	668	37	2009	2009	CD
work_b3ftiyv34jhylmblxzqccxhcby	668	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	668	39	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	668	40	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	668	41	refinement	refinement	NN
work_b3ftiyv34jhylmblxzqccxhcby	668	42	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	668	43	Henry	Henry	NNP
work_b3ftiyv34jhylmblxzqccxhcby	668	44	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	668	45	Galichon	Galichon	NNP
work_b3ftiyv34jhylmblxzqccxhcby	668	46	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	668	47	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	668	48	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	668	49	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	668	50	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	669	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	669	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	669	3	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	669	4	developed	develop	VBN
work_b3ftiyv34jhylmblxzqccxhcby	669	5	here	here	RB
work_b3ftiyv34jhylmblxzqccxhcby	669	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	669	7	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	669	8	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	669	9	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	669	10	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	669	11	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	669	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	669	13	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	669	14	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	669	15	re-	re-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	669	16	finement	finement	NN
work_b3ftiyv34jhylmblxzqccxhcby	669	17	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	669	18	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	669	19	selection	selection	NN
work_b3ftiyv34jhylmblxzqccxhcby	669	20	mechanism	mechanism	NN
work_b3ftiyv34jhylmblxzqccxhcby	669	21	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	669	22	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	669	23	used	use	VBN
work_b3ftiyv34jhylmblxzqccxhcby	669	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	670	1	Given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	670	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	670	3	presence	presence	NN
work_b3ftiyv34jhylmblxzqccxhcby	670	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	670	5	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	670	6	complementarities	complementarity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	670	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	670	8	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	670	9	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	670	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	670	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	670	12	promising	promising	JJ
work_b3ftiyv34jhylmblxzqccxhcby	670	13	approach	approach	NN
work_b3ftiyv34jhylmblxzqccxhcby	670	14	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	670	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	670	16	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	670	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	670	18	Echenique	Echenique	NNP
work_b3ftiyv34jhylmblxzqccxhcby	670	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	670	20	Ko-	Ko-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	670	21	munjer	munjer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	670	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	670	23	2009	2009	CD
work_b3ftiyv34jhylmblxzqccxhcby	670	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	670	25	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	670	26	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	670	27	monotone	monotone	JJ
work_b3ftiyv34jhylmblxzqccxhcby	670	28	comparative	comparative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	670	29	statics	static	NNS
work_b3ftiyv34jhylmblxzqccxhcby	670	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	670	31	MCS	MCS	NNP
work_b3ftiyv34jhylmblxzqccxhcby	670	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	670	33	results	result	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	670	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	671	1	Unfortunately	unfortunately	RB
work_b3ftiyv34jhylmblxzqccxhcby	671	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	671	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	671	4	type	type	NN
work_b3ftiyv34jhylmblxzqccxhcby	671	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	671	6	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	671	7	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	671	8	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	671	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	671	10	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	671	11	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	671	12	fails	fail	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	671	13	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	671	14	satisfy	satisfy	VB
work_b3ftiyv34jhylmblxzqccxhcby	671	15	MCS	MCS	NNP
work_b3ftiyv34jhylmblxzqccxhcby	671	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	671	17	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	671	18	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	671	19	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	671	20	requires	require	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	671	21	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	671	22	identification	identification	NN
work_b3ftiyv34jhylmblxzqccxhcby	671	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	671	24	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	671	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	671	26	Online	Online	NNP
work_b3ftiyv34jhylmblxzqccxhcby	671	27	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	671	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	671	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	672	1	Equilibria	Equilibria	NNP
work_b3ftiyv34jhylmblxzqccxhcby	672	2	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	672	3	nonetheless	nonetheless	RB
work_b3ftiyv34jhylmblxzqccxhcby	672	4	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	672	5	identified	identify	VBN
work_b3ftiyv34jhylmblxzqccxhcby	672	6	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	672	7	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	672	8	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	672	9	respective	respective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	672	10	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	672	11	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	672	12	spe-	spe-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	672	13	cific	cific	JJ
work_b3ftiyv34jhylmblxzqccxhcby	672	14	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	672	15	observables	observable	NNS
work_b3ftiyv34jhylmblxzqccxhcby	672	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	673	1	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	673	2	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	673	3	Proposition	Proposition	NNP
work_b3ftiyv34jhylmblxzqccxhcby	673	4	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	673	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	673	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	673	7	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	673	8	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	673	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	673	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	673	11	spread	spread	NN
work_b3ftiyv34jhylmblxzqccxhcby	673	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	673	13	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	673	14	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	673	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	673	16	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	673	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	673	18	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	673	19	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	673	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	673	21	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	673	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	674	1	At	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	674	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	674	3	same	same	JJ
work_b3ftiyv34jhylmblxzqccxhcby	674	4	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	674	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	674	6	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	674	7	Nu-	Nu-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	674	8	merical	merical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	674	9	Result	Result	NNP
work_b3ftiyv34jhylmblxzqccxhcby	674	10	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	674	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	674	12	Corollaries	Corollaries	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	674	13	9	9	CD
work_b3ftiyv34jhylmblxzqccxhcby	674	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	674	15	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	674	16	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	674	17	know	know	VBP
work_b3ftiyv34jhylmblxzqccxhcby	674	18	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	674	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	674	20	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	674	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	674	22	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	674	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	674	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	674	25	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	674	26	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	674	27	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	674	28	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	674	29	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	674	30	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	674	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	674	32	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	674	33	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	674	34	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	674	35	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	674	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	674	37	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	674	38	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	674	39	patterns	pattern	NNS
work_b3ftiyv34jhylmblxzqccxhcby	674	40	occur	occur	VBP
work_b3ftiyv34jhylmblxzqccxhcby	674	41	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	674	42	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	674	43	41	41	CD
work_b3ftiyv34jhylmblxzqccxhcby	674	44	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	674	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	675	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	675	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	675	3	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	675	4	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	675	5	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	675	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	675	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	675	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	675	9	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	675	10	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	675	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	675	12	mild	mild	JJ
work_b3ftiyv34jhylmblxzqccxhcby	675	13	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	675	14	autocor-	autocor-	NN
work_b3ftiyv34jhylmblxzqccxhcby	675	15	relation	relation	NN
work_b3ftiyv34jhylmblxzqccxhcby	675	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	675	17	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	675	18	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	675	19	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	675	20	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	675	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	676	1	More	More	JJR
work_b3ftiyv34jhylmblxzqccxhcby	676	2	insights	insight	NNS
work_b3ftiyv34jhylmblxzqccxhcby	676	3	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	676	4	identifying	identify	VBG
work_b3ftiyv34jhylmblxzqccxhcby	676	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	676	6	specific	specific	JJ
work_b3ftiyv34jhylmblxzqccxhcby	676	7	features	feature	NNS
work_b3ftiyv34jhylmblxzqccxhcby	676	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	676	9	each	each	DT
work_b3ftiyv34jhylmblxzqccxhcby	676	10	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	676	11	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	676	12	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	676	13	obtained	obtain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	676	14	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	676	15	contrasting	contrast	VBG
work_b3ftiyv34jhylmblxzqccxhcby	676	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	676	17	qualitative	qualitative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	676	18	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	676	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	676	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	676	21	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	676	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	676	23	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	676	24	via	via	IN
work_b3ftiyv34jhylmblxzqccxhcby	676	25	numerical	numerical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	676	26	simulations	simulation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	676	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	677	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	677	2	what	what	WP
work_b3ftiyv34jhylmblxzqccxhcby	677	3	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	677	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	677	5	assume	assume	VBP
work_b3ftiyv34jhylmblxzqccxhcby	677	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	677	7	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	677	8	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	677	9	0.01	0.01	CD
work_b3ftiyv34jhylmblxzqccxhcby	677	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	677	11	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	677	12	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	677	13	0.1	0.1	CD
work_b3ftiyv34jhylmblxzqccxhcby	677	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	677	15	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	677	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	677	17	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	677	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	677	19	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	677	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	677	21	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	677	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	677	23	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	677	24	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	677	25	0.001862	0.001862	CD
work_b3ftiyv34jhylmblxzqccxhcby	677	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	677	27	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	677	28	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	677	29	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	677	30	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	677	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	678	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	678	2	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	678	3	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	678	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	678	5	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	678	6	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	678	7	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	678	8	obtains	obtain	NNS
work_b3ftiyv34jhylmblxzqccxhcby	678	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	10	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	11	a∗1,a∗∗∗1	a∗1,a∗∗∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	678	12	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	13	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	678	14	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	15	0.012	0.012	CD
work_b3ftiyv34jhylmblxzqccxhcby	678	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	678	17	41.25	41.25	CD
work_b3ftiyv34jhylmblxzqccxhcby	678	18	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	19	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	678	20	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	21	ψ′(a∗1),ψ	ψ′(a∗1),ψ	NN
work_b3ftiyv34jhylmblxzqccxhcby	678	22	′(a∗∗∗1	′(a∗∗∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	678	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	24	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	25	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	678	26	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	27	−0.012,−0.92	−0.012,−0.92	NNP
work_b3ftiyv34jhylmblxzqccxhcby	678	28	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	30	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	678	31	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	678	32	obtain	obtain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	678	33	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	678	34	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	678	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	678	36	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	678	37	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	678	38	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	678	39	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	678	40	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	678	41	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	678	42	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	678	43	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	678	44	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	678	45	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	678	46	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	47	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	678	48	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	678	49	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	678	50	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	678	51	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	678	52	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	678	53	Table	table	NN
work_b3ftiyv34jhylmblxzqccxhcby	678	54	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	678	55	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	679	1	Next	next	RB
work_b3ftiyv34jhylmblxzqccxhcby	679	2	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	679	3	set	set	VBP
work_b3ftiyv34jhylmblxzqccxhcby	679	4	v̄	v̄	NNS
work_b3ftiyv34jhylmblxzqccxhcby	679	5	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	679	6	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	679	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	679	8	extract	extract	VB
work_b3ftiyv34jhylmblxzqccxhcby	679	9	1,000	1,000	CD
work_b3ftiyv34jhylmblxzqccxhcby	679	10	i.i.d	i.i.d	NN
work_b3ftiyv34jhylmblxzqccxhcby	679	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	680	1	normal	normal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	680	2	shocks	shock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	680	3	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	680	4	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	680	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	680	6	u1	u1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	680	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	680	8	u2	u2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	680	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	680	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	680	11	η	η	NN
work_b3ftiyv34jhylmblxzqccxhcby	680	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	680	13	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	680	14	average	average	VB
work_b3ftiyv34jhylmblxzqccxhcby	680	15	across	across	IN
work_b3ftiyv34jhylmblxzqccxhcby	680	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	680	17	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	680	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	680	19	shocks	shock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	680	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	681	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	681	2	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	681	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	681	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	681	5	exercise	exercise	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	6	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	681	7	presented	present	VBN
work_b3ftiyv34jhylmblxzqccxhcby	681	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	681	9	Figure	Figure	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	10	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	681	12	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	681	13	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	681	14	plot	plot	VBP
work_b3ftiyv34jhylmblxzqccxhcby	681	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	681	16	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	681	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	681	18	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	19	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	681	20	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	681	21	dates	date	NNS
work_b3ftiyv34jhylmblxzqccxhcby	681	22	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	681	24	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	25	followed	follow	VBN
work_b3ftiyv34jhylmblxzqccxhcby	681	26	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	681	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	681	28	simulated	simulate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	681	29	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	30	paths	path	NNS
work_b3ftiyv34jhylmblxzqccxhcby	681	31	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	681	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	681	33	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	681	34	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	681	35	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	36	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	681	38	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	681	39	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	681	40	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	681	41	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	42	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	43	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	681	44	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	681	45	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	681	46	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	47	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	681	48	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	681	49	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	681	50	information.45	information.45	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	51	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	52	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	53	Equilibrium	Equilibrium	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	54	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	681	55	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	56	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	681	57	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	58	Cov[v	cov[v	VB
work_b3ftiyv34jhylmblxzqccxhcby	681	59	−p2,p2	−p2,p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	60	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	61	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	681	62	735.019	735.019	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	63	0.000007	0.000007	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	64	4.79052	4.79052	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	65	×	×	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	66	108	108	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	67	Cov1[v	cov1[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	68	−p2,p2	−p2,p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	69	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	70	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	681	71	−37.0281	−37.0281	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	72	0.000007	0.000007	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	73	−284	−284	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	74	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	681	75	279	279	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	76	Cov[z1,p2	Cov[z1,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	77	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	78	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	681	79	−801.224	−801.224	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	681	80	−1.67227	−1.67227	NFP
work_b3ftiyv34jhylmblxzqccxhcby	681	81	×	×	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	82	10−6	10−6	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	83	−5.68589	−5.68589	NFP
work_b3ftiyv34jhylmblxzqccxhcby	681	84	×	×	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	85	106	106	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	86	E1[v	E1[v	NNS
work_b3ftiyv34jhylmblxzqccxhcby	681	87	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	88	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	681	89	−81.0874	−81.0874	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	90	−0.00472533	−0.00472533	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	91	−568	−568	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	92	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	681	93	673	673	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	94	E1[p2	e1[p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	95	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	96	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	681	97	−80.1224	−80.1224	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	98	−1.67227	−1.67227	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	99	×	×	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	100	10−7	10−7	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	101	−568	−568	NNP
work_b3ftiyv34jhylmblxzqccxhcby	681	102	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	681	103	589	589	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	104	Table	table	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	105	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	681	106	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	681	107	Autocovariance	autocovariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	108	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	681	109	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	681	110	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	681	111	unconditional	unconditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	681	112	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	681	113	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	681	114	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	681	115	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	681	116	return	return	VB
work_b3ftiyv34jhylmblxzqccxhcby	681	117	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	118	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	681	119	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	120	flows	flow	NNS
work_b3ftiyv34jhylmblxzqccxhcby	681	121	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	681	122	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	681	123	expected	expect	VBD
work_b3ftiyv34jhylmblxzqccxhcby	681	124	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	681	125	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	681	126	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	127	provision	provision	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	128	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	681	129	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	681	130	numerical	numerical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	681	131	example	example	NN
work_b3ftiyv34jhylmblxzqccxhcby	681	132	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	682	1	Panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	682	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	682	3	a	a	LS
work_b3ftiyv34jhylmblxzqccxhcby	682	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	682	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	682	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	682	7	figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	682	8	displays	display	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	682	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	682	10	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	682	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	682	12	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	682	13	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	682	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	682	15	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	682	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	682	17	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	682	18	simula-	simula-	NN
work_b3ftiyv34jhylmblxzqccxhcby	682	19	tion	tion	NN
work_b3ftiyv34jhylmblxzqccxhcby	682	20	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	682	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	682	22	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	682	23	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	682	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	682	25	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	682	26	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	682	27	both	both	DT
work_b3ftiyv34jhylmblxzqccxhcby	682	28	dates	date	NNS
work_b3ftiyv34jhylmblxzqccxhcby	682	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	683	1	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	683	2	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	683	3	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	683	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	683	5	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	683	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	683	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	683	8	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	683	9	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	683	10	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	683	11	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	683	12	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	683	13	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	683	14	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	683	15	prices	price	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	683	16	mirror	mirror	VBP
work_b3ftiyv34jhylmblxzqccxhcby	683	17	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	683	18	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	683	19	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	683	20	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	683	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	684	1	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	684	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	684	3	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	684	4	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	684	5	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	684	6	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	684	7	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	684	8	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	684	9	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	684	10	averse	averse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	684	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	684	12	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	684	13	require	require	VBP
work_b3ftiyv34jhylmblxzqccxhcby	684	14	compensation	compensation	NN
work_b3ftiyv34jhylmblxzqccxhcby	684	15	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	684	16	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	684	17	satisfying	satisfy	VBG
work_b3ftiyv34jhylmblxzqccxhcby	684	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	684	19	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	684	20	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	684	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	684	22	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	684	23	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	684	24	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	684	25	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	684	26	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	684	27	proportional	proportional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	684	28	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	684	29	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	684	30	perceived	perceive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	684	31	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	684	32	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	684	33	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	684	34	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	684	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	685	1	That	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	685	2	com-	com-	NN
work_b3ftiyv34jhylmblxzqccxhcby	685	3	45The	45the	CD
work_b3ftiyv34jhylmblxzqccxhcby	685	4	green	green	JJ
work_b3ftiyv34jhylmblxzqccxhcby	685	5	line	line	NN
work_b3ftiyv34jhylmblxzqccxhcby	685	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	685	7	panels	panel	NNS
work_b3ftiyv34jhylmblxzqccxhcby	685	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	685	9	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	685	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	685	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	685	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	685	13	c	c	NN
work_b3ftiyv34jhylmblxzqccxhcby	685	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	685	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	685	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	685	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	685	18	d	d	NN
work_b3ftiyv34jhylmblxzqccxhcby	685	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	685	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	685	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	685	22	figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	685	23	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	685	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	685	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	685	26	log	log	NN
work_b3ftiyv34jhylmblxzqccxhcby	685	27	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	685	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	685	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	685	30	average	average	NN
work_b3ftiyv34jhylmblxzqccxhcby	685	31	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	685	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	685	33	semi	semi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	685	34	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	685	35	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	685	36	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	685	37	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	685	38	obtained	obtain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	685	39	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	685	40	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	685	41	simulations	simulation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	685	42	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	685	43	that	that	RB
work_b3ftiyv34jhylmblxzqccxhcby	685	44	is	is	RB
work_b3ftiyv34jhylmblxzqccxhcby	685	45	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	685	46	ln((1/1000	ln((1/1000	NNP
work_b3ftiyv34jhylmblxzqccxhcby	685	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	685	48	∑1000	∑1000	NFP
work_b3ftiyv34jhylmblxzqccxhcby	685	49	j=1	j=1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	685	50	Enj[v	Enj[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	685	51	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	685	52	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	685	53	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	685	54	n	n	NN
work_b3ftiyv34jhylmblxzqccxhcby	685	55	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	685	56	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	685	57	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	685	58	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	685	59	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	686	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	686	2	horizontal	horizontal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	686	3	line	line	NN
work_b3ftiyv34jhylmblxzqccxhcby	686	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	686	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	686	6	plots	plot	NNS
work_b3ftiyv34jhylmblxzqccxhcby	686	7	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	686	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	686	9	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	686	10	paths	path	NNS
work_b3ftiyv34jhylmblxzqccxhcby	686	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	686	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	686	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	686	14	log	log	NN
work_b3ftiyv34jhylmblxzqccxhcby	686	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	686	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	686	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	686	18	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	686	19	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	686	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	686	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	686	22	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	686	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	686	24	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	686	25	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	686	26	simulation	simulation	NN
work_b3ftiyv34jhylmblxzqccxhcby	686	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	686	28	ln(38.08	ln(38.08	LS
work_b3ftiyv34jhylmblxzqccxhcby	686	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	686	30	≈	≈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	686	31	3.64	3.64	CD
work_b3ftiyv34jhylmblxzqccxhcby	686	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	686	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	687	1	42	42	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	2	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	3	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	4	n	n	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	5	0.05	0.05	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	6	0.10	0.10	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	7	0.15	0.15	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	8	0.20	0.20	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	9	0.25	0.25	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	10	Θn	Θn	NNS
work_b3ftiyv34jhylmblxzqccxhcby	687	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	12	a	a	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	14	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	15	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	16	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	17	n	n	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	18	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	19	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	20	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	21	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	22	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	23	12	12	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	24	Log@En	Log@En	NNP
work_b3ftiyv34jhylmblxzqccxhcby	687	25	@vDD	@vDD	NNP
work_b3ftiyv34jhylmblxzqccxhcby	687	26	Log@	log@	JJ
work_b3ftiyv34jhylmblxzqccxhcby	687	27	pn	pn	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	28	D	d	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	30	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	32	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	33	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	34	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	35	n	n	CC
work_b3ftiyv34jhylmblxzqccxhcby	687	36	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	37	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	38	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	39	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	40	Log@En	Log@En	NNP
work_b3ftiyv34jhylmblxzqccxhcby	687	41	@vDD	@vDD	NNP
work_b3ftiyv34jhylmblxzqccxhcby	687	42	Log@	log@	JJ
work_b3ftiyv34jhylmblxzqccxhcby	687	43	pn	pn	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	44	D	d	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	45	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	46	c	c	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	48	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	49	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	50	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	51	n	n	CC
work_b3ftiyv34jhylmblxzqccxhcby	687	52	3.55	3.55	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	53	3.60	3.60	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	54	3.65	3.65	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	55	3.70	3.70	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	56	Log@En	Log@En	NNP
work_b3ftiyv34jhylmblxzqccxhcby	687	57	@vDD	@vDD	NNP
work_b3ftiyv34jhylmblxzqccxhcby	687	58	Log@	log@	JJ
work_b3ftiyv34jhylmblxzqccxhcby	687	59	pn	pn	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	60	D	d	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	61	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	62	d	d	NNP
work_b3ftiyv34jhylmblxzqccxhcby	687	63	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	64	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	65	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	687	66	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	687	67	Liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	68	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	687	69	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	687	70	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	71	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	72	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	73	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	74	a	a	LS
work_b3ftiyv34jhylmblxzqccxhcby	687	75	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	76	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	77	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	687	78	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	687	79	path	path	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	80	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	687	81	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	687	82	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	83	red	red	NNP
work_b3ftiyv34jhylmblxzqccxhcby	687	84	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	85	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	687	86	semi-	semi-	VBD
work_b3ftiyv34jhylmblxzqccxhcby	687	87	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	687	88	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	687	89	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	687	90	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	91	green	green	JJ
work_b3ftiyv34jhylmblxzqccxhcby	687	92	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	93	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	687	94	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	687	95	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	96	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	687	97	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	687	98	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	687	99	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	100	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	687	101	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	687	102	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	687	103	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	687	104	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	687	105	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	687	106	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	687	107	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	108	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	687	109	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	687	110	panels	panel	NNS
work_b3ftiyv34jhylmblxzqccxhcby	687	111	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	112	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	113	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	114	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	687	115	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	116	c	c	NN
work_b3ftiyv34jhylmblxzqccxhcby	687	117	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	118	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	687	119	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	687	120	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	121	d	d	NNP
work_b3ftiyv34jhylmblxzqccxhcby	687	122	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	123	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	687	124	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	688	1	Parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	688	2	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	688	3	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	688	4	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	688	5	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	688	6	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	688	7	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	688	8	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	688	9	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	688	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	688	11	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	688	12	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	688	13	.01	.01	NFP
work_b3ftiyv34jhylmblxzqccxhcby	688	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	688	15	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	688	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	688	17	.1	.1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	688	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	688	19	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	688	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	688	21	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	688	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	688	23	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	688	24	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	688	25	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	688	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	688	27	τη	τη	NNP
work_b3ftiyv34jhylmblxzqccxhcby	688	28	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	688	29	.001862	.001862	XX
work_b3ftiyv34jhylmblxzqccxhcby	688	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	688	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	688	32	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	688	33	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	688	34	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	688	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	689	1	pensation	pensation	NN
work_b3ftiyv34jhylmblxzqccxhcby	689	2	drives	drive	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	689	3	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	689	4	above	above	IN
work_b3ftiyv34jhylmblxzqccxhcby	689	5	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	689	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	689	7	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	689	8	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	689	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	690	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	690	2	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	690	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	690	4	c	c	NN
work_b3ftiyv34jhylmblxzqccxhcby	690	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	690	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	690	7	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	690	8	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	690	9	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	690	10	see	see	VBP
work_b3ftiyv34jhylmblxzqccxhcby	690	11	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	690	12	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	690	13	display	display	VBP
work_b3ftiyv34jhylmblxzqccxhcby	690	14	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	690	15	qualitatively	qualitatively	RB
work_b3ftiyv34jhylmblxzqccxhcby	690	16	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	690	17	behavior	behavior	NN
work_b3ftiyv34jhylmblxzqccxhcby	690	18	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	690	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	690	20	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	690	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	691	1	Yet	yet	CC
work_b3ftiyv34jhylmblxzqccxhcby	691	2	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	691	3	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	691	4	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	691	5	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	691	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	691	7	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	691	8	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	691	9	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	691	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	691	11	so	so	RB
work_b3ftiyv34jhylmblxzqccxhcby	691	12	part	part	NN
work_b3ftiyv34jhylmblxzqccxhcby	691	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	691	14	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	691	15	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	691	16	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	691	17	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	691	18	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	691	19	accommodated	accommodate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	691	20	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	691	21	offsetting	offset	VBG
work_b3ftiyv34jhylmblxzqccxhcby	691	22	speculative	speculative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	691	23	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	691	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	691	25	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	691	26	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	691	27	numerical	numerical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	691	28	example	example	NN
work_b3ftiyv34jhylmblxzqccxhcby	691	29	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	691	30	sell	sell	VB
work_b3ftiyv34jhylmblxzqccxhcby	691	31	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	691	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	691	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	692	1	These	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	692	2	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	692	3	transmit	transmit	VBP
work_b3ftiyv34jhylmblxzqccxhcby	692	4	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	692	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	692	6	thereby	thereby	RB
work_b3ftiyv34jhylmblxzqccxhcby	692	7	diminish	diminish	JJ
work_b3ftiyv34jhylmblxzqccxhcby	692	8	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	692	9	’	'	''
work_b3ftiyv34jhylmblxzqccxhcby	692	10	perceived	perceive	VBD
work_b3ftiyv34jhylmblxzqccxhcby	692	11	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	692	12	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	692	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	692	14	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	692	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	692	16	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	692	17	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	692	18	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	692	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	692	20	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	692	21	adjustment	adjustment	NN
work_b3ftiyv34jhylmblxzqccxhcby	692	22	needed	need	VBD
work_b3ftiyv34jhylmblxzqccxhcby	692	23	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	692	24	accommodate	accommodate	VB
work_b3ftiyv34jhylmblxzqccxhcby	692	25	θn	θn	NNP
work_b3ftiyv34jhylmblxzqccxhcby	692	26	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	692	27	lower	low	JJR
work_b3ftiyv34jhylmblxzqccxhcby	692	28	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	692	29	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	692	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	692	31	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	692	32	=	=	NN
work_b3ftiyv34jhylmblxzqccxhcby	692	33	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	692	34	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	692	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	693	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	693	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	693	3	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	693	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	693	5	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	693	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	693	7	absent	absent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	693	8	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	693	9	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	693	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	693	11	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	693	12	path	path	NN
work_b3ftiyv34jhylmblxzqccxhcby	693	13	reflects	reflect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	693	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	693	15	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	693	16	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	693	17	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	693	18	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	693	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	693	20	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	693	21	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	693	22	hump	hump	RB
work_b3ftiyv34jhylmblxzqccxhcby	693	23	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	693	24	shaped	shaped	JJ
work_b3ftiyv34jhylmblxzqccxhcby	693	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	694	1	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	694	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	694	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	694	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	694	5	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	694	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	694	7	d	d	NNP
work_b3ftiyv34jhylmblxzqccxhcby	694	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	694	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	694	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	694	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	694	12	contrast	contrast	NN
work_b3ftiyv34jhylmblxzqccxhcby	694	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	694	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	694	15	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	694	16	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	694	17	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	694	18	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	694	19	coincides	coincide	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	694	20	almost	almost	RB
work_b3ftiyv34jhylmblxzqccxhcby	694	21	exactly	exactly	RB
work_b3ftiyv34jhylmblxzqccxhcby	694	22	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	694	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	694	24	semi	semi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	694	25	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	694	26	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	694	27	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	694	28	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	694	29	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	694	30	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	694	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	694	32	full	full	JJ
work_b3ftiyv34jhylmblxzqccxhcby	694	33	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	694	34	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	694	35	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	694	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	695	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	695	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	695	3	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	695	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	695	5	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	695	6	aggressively	aggressively	RB
work_b3ftiyv34jhylmblxzqccxhcby	695	7	speculate	speculate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	695	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	695	9	sell	sell	VBP
work_b3ftiyv34jhylmblxzqccxhcby	695	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	695	11	against	against	IN
work_b3ftiyv34jhylmblxzqccxhcby	695	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	695	13	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	695	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	695	15	buy	buy	VB
work_b3ftiyv34jhylmblxzqccxhcby	695	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	695	17	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	695	18	θn	θn	NN
work_b3ftiyv34jhylmblxzqccxhcby	695	19	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	695	20	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	695	21	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	695	22	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	695	23	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	695	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	696	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	696	2	behavior	behavior	NN
work_b3ftiyv34jhylmblxzqccxhcby	696	3	drives	drive	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	696	4	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	696	5	below	below	IN
work_b3ftiyv34jhylmblxzqccxhcby	696	6	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	696	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	696	8	close	close	RB
work_b3ftiyv34jhylmblxzqccxhcby	696	9	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	696	10	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	696	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	696	12	accelerating	accelerate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	696	13	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	696	14	adjustment	adjustment	NN
work_b3ftiyv34jhylmblxzqccxhcby	696	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	697	1	These	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	697	2	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	697	3	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	697	4	highly	highly	RB
work_b3ftiyv34jhylmblxzqccxhcby	697	5	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	697	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	697	7	thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	697	8	dra-	dra-	RB
work_b3ftiyv34jhylmblxzqccxhcby	697	9	matically	matically	RB
work_b3ftiyv34jhylmblxzqccxhcby	697	10	reduce	reduce	VBP
work_b3ftiyv34jhylmblxzqccxhcby	697	11	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	697	12	’	'	''
work_b3ftiyv34jhylmblxzqccxhcby	697	13	perceived	perceive	VBD
work_b3ftiyv34jhylmblxzqccxhcby	697	14	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	697	15	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	697	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	697	17	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	697	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	697	19	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	697	20	explains	explain	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	697	21	why	why	WRB
work_b3ftiyv34jhylmblxzqccxhcby	697	22	43	43	CD
work_b3ftiyv34jhylmblxzqccxhcby	697	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	697	24	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	697	25	nearly	nearly	RB
work_b3ftiyv34jhylmblxzqccxhcby	697	26	matches	match	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	697	27	En[v	En[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	697	28	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	697	29	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	697	30	though	though	IN
work_b3ftiyv34jhylmblxzqccxhcby	697	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	697	32	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	697	33	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	697	34	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	697	35	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	697	36	bearing	bearing	NN
work_b3ftiyv34jhylmblxzqccxhcby	697	37	capacity	capacity	NN
work_b3ftiyv34jhylmblxzqccxhcby	697	38	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	697	39	limited	limited	JJ
work_b3ftiyv34jhylmblxzqccxhcby	697	40	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	697	41	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	697	42	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	697	43	∞	∞	XX
work_b3ftiyv34jhylmblxzqccxhcby	697	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	697	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	698	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	698	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	698	3	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	698	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	698	5	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	698	6	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	698	7	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	698	8	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	698	9	offsets	offset	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	698	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	698	11	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	698	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	698	13	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	698	14	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	698	15	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	698	16	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	698	17	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	698	18	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	698	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	698	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	698	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	698	22	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	698	23	path	path	NN
work_b3ftiyv34jhylmblxzqccxhcby	698	24	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	698	25	inversely	inversely	RB
work_b3ftiyv34jhylmblxzqccxhcby	698	26	hump	hump	RBR
work_b3ftiyv34jhylmblxzqccxhcby	698	27	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	698	28	shaped	shaped	JJ
work_b3ftiyv34jhylmblxzqccxhcby	698	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	699	1	These	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	699	2	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	699	3	patterns	pattern	NNS
work_b3ftiyv34jhylmblxzqccxhcby	699	4	complement	complement	VBP
work_b3ftiyv34jhylmblxzqccxhcby	699	5	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	699	6	findings	finding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	699	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	699	8	suggest	suggest	VBP
work_b3ftiyv34jhylmblxzqccxhcby	699	9	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	699	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	699	11	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	699	12	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	699	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	699	14	compensa-	compensa-	NN
work_b3ftiyv34jhylmblxzqccxhcby	699	15	tion	tion	NN
work_b3ftiyv34jhylmblxzqccxhcby	699	16	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	699	17	receive	receive	VBP
work_b3ftiyv34jhylmblxzqccxhcby	699	18	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	699	19	supplying	supply	VBG
work_b3ftiyv34jhylmblxzqccxhcby	699	20	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	699	21	should	should	MD
work_b3ftiyv34jhylmblxzqccxhcby	699	22	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	699	23	greater	great	JJR
work_b3ftiyv34jhylmblxzqccxhcby	699	24	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	699	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	699	26	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	699	27	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	699	28	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	699	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	699	30	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	699	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	699	32	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	699	33	ii	ii	NNP
work_b3ftiyv34jhylmblxzqccxhcby	699	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	699	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	699	36	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	699	37	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	699	38	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	699	39	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	699	40	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	699	41	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	699	42	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	699	43	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	699	44	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	699	45	flow	flow	NN
work_b3ftiyv34jhylmblxzqccxhcby	699	46	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	699	47	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	699	48	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	699	49	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	699	50	should	should	MD
work_b3ftiyv34jhylmblxzqccxhcby	699	51	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	699	52	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	699	53	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	699	54	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	699	55	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	699	56	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	699	57	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	699	58	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	699	59	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	699	60	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	700	1	Both	both	DT
work_b3ftiyv34jhylmblxzqccxhcby	700	2	predictions	prediction	NNS
work_b3ftiyv34jhylmblxzqccxhcby	700	3	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	700	4	confirmed	confirm	VBN
work_b3ftiyv34jhylmblxzqccxhcby	700	5	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	700	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	700	7	last	last	JJ
work_b3ftiyv34jhylmblxzqccxhcby	700	8	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	700	9	rows	row	NNS
work_b3ftiyv34jhylmblxzqccxhcby	700	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	700	11	Table	table	NN
work_b3ftiyv34jhylmblxzqccxhcby	700	12	1.46	1.46	CD
work_b3ftiyv34jhylmblxzqccxhcby	700	13	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	700	14	latter	latter	JJ
work_b3ftiyv34jhylmblxzqccxhcby	700	15	prediction	prediction	NN
work_b3ftiyv34jhylmblxzqccxhcby	700	16	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	700	17	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	700	18	consistent	consistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	700	19	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	700	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	700	21	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	700	22	pre-	pre-	NN
work_b3ftiyv34jhylmblxzqccxhcby	700	23	sented	sente	VBN
work_b3ftiyv34jhylmblxzqccxhcby	700	24	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	700	25	Chordia	Chordia	NNP
work_b3ftiyv34jhylmblxzqccxhcby	700	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	700	27	Roll	Roll	NNP
work_b3ftiyv34jhylmblxzqccxhcby	700	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	700	29	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	700	30	Subrahmanyam	Subrahmanyam	NNP
work_b3ftiyv34jhylmblxzqccxhcby	700	31	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	700	32	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	700	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	700	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	700	35	who	who	WP
work_b3ftiyv34jhylmblxzqccxhcby	700	36	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	700	37	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	700	38	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	700	39	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	700	40	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	700	41	return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	700	42	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	700	43	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	700	44	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	700	45	flows	flow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	700	46	declines	decline	NNS
work_b3ftiyv34jhylmblxzqccxhcby	700	47	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	700	48	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	700	49	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	700	50	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	700	51	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	700	52	liquid	liquid	JJ
work_b3ftiyv34jhylmblxzqccxhcby	700	53	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	701	1	Combining	combine	VBG
work_b3ftiyv34jhylmblxzqccxhcby	701	2	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	701	3	observations	observation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	701	4	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	701	5	Proposition	Proposition	NNP
work_b3ftiyv34jhylmblxzqccxhcby	701	6	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	701	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	701	8	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	701	9	previous	previous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	701	10	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	701	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	701	12	Sec-	Sec-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	701	13	tion	tion	NN
work_b3ftiyv34jhylmblxzqccxhcby	701	14	IV	IV	NNP
work_b3ftiyv34jhylmblxzqccxhcby	701	15	suggests	suggest	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	701	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	701	17	way	way	NN
work_b3ftiyv34jhylmblxzqccxhcby	701	18	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	701	19	identify	identify	VB
work_b3ftiyv34jhylmblxzqccxhcby	701	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	701	21	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	701	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	701	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	701	24	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	701	25	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	701	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	701	27	data	datum	NNS
work_b3ftiyv34jhylmblxzqccxhcby	701	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	702	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	702	2	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	702	3	predicts	predict	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	702	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	702	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	702	6	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	702	7	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	702	8	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	702	9	extreme	extreme	JJ
work_b3ftiyv34jhylmblxzqccxhcby	702	10	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	702	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	702	12	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	702	13	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	702	14	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	702	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	702	16	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	702	17	could	could	MD
work_b3ftiyv34jhylmblxzqccxhcby	702	18	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	702	19	proxied	proxie	VBN
work_b3ftiyv34jhylmblxzqccxhcby	702	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	702	21	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	702	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	702	23	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	702	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	702	25	number	number	NN
work_b3ftiyv34jhylmblxzqccxhcby	702	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	702	27	analysts	analyst	NNS
work_b3ftiyv34jhylmblxzqccxhcby	702	28	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	702	29	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	702	30	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	702	31	security	security	NN
work_b3ftiyv34jhylmblxzqccxhcby	702	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	702	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	703	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	703	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	703	4	characterized	characterize	VBN
work_b3ftiyv34jhylmblxzqccxhcby	703	5	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	703	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	703	7	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	703	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	703	10	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	703	11	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	12	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	703	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	703	15	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	16	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	703	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	703	19	ii	ii	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	703	21	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	22	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	703	23	reversal	reversal	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	24	depending	depend	VBG
work_b3ftiyv34jhylmblxzqccxhcby	703	25	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	703	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	703	27	strength	strength	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	28	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	703	29	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	30	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	703	32	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	703	33	iii	iii	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	703	35	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	703	36	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	703	37	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	703	38	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	703	39	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	40	provision	provision	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	41	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	703	42	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	703	43	iv	iv	LS
work_b3ftiyv34jhylmblxzqccxhcby	703	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	703	45	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	703	46	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	703	47	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	703	48	far	far	RB
work_b3ftiyv34jhylmblxzqccxhcby	703	49	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	703	50	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	703	51	semi	semi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	703	52	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	703	53	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	703	54	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	703	55	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	56	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	703	57	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	703	58	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	59	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	703	60	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	703	61	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	703	62	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	703	63	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	64	return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	65	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	66	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	703	67	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	68	imbalances	imbalance	NNS
work_b3ftiyv34jhylmblxzqccxhcby	703	69	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	703	70	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	703	71	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	703	72	vi	vi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	703	73	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	703	74	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	703	75	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	76	accom-	accom-	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	77	panied	panie	VBN
work_b3ftiyv34jhylmblxzqccxhcby	703	78	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	703	79	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	703	80	levels	level	NNS
work_b3ftiyv34jhylmblxzqccxhcby	703	81	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	703	82	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	703	83	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	704	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	704	2	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	704	3	predicts	predict	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	704	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	704	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	704	6	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	704	7	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	704	8	arise	arise	VB
work_b3ftiyv34jhylmblxzqccxhcby	704	9	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	704	10	intermediate	intermediate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	704	11	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	704	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	704	13	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	704	14	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	704	15	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	704	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	705	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	705	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	705	4	characterized	characterize	VBN
work_b3ftiyv34jhylmblxzqccxhcby	705	5	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	705	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	705	7	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	705	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	705	10	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	705	11	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	12	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	705	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	705	15	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	16	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	705	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	705	19	ii	ii	NNP
work_b3ftiyv34jhylmblxzqccxhcby	705	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	705	21	mild	mild	JJ
work_b3ftiyv34jhylmblxzqccxhcby	705	22	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	705	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	705	25	iii	iii	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	705	27	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	705	28	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	705	29	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	705	30	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	705	31	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	32	provision	provision	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	33	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	705	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	705	35	iv	iv	LS
work_b3ftiyv34jhylmblxzqccxhcby	705	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	705	37	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	705	38	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	705	39	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	705	40	close	close	JJ
work_b3ftiyv34jhylmblxzqccxhcby	705	41	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	705	42	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	705	43	semi	semi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	705	44	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	705	45	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	705	46	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	705	47	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	48	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	705	49	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	705	50	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	51	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	705	52	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	705	53	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	705	54	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	705	55	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	56	return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	57	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	58	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	705	59	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	60	imbalances	imbalance	NNS
work_b3ftiyv34jhylmblxzqccxhcby	705	61	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	705	62	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	705	63	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	705	64	vi	vi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	705	65	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	705	66	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	705	67	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	68	accompanied	accompany	VBN
work_b3ftiyv34jhylmblxzqccxhcby	705	69	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	705	70	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	705	71	levels	level	NNS
work_b3ftiyv34jhylmblxzqccxhcby	705	72	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	705	73	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	705	74	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	706	1	See	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	706	2	Table	table	NN
work_b3ftiyv34jhylmblxzqccxhcby	706	3	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	706	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	706	5	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	706	6	summarizes	summarize	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	706	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	706	8	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	706	9	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	706	10	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	706	11	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	706	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	707	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	707	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	707	3	predictions	prediction	NNS
work_b3ftiyv34jhylmblxzqccxhcby	707	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	707	5	Table	table	NN
work_b3ftiyv34jhylmblxzqccxhcby	707	6	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	707	7	help	help	VBP
work_b3ftiyv34jhylmblxzqccxhcby	707	8	us	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	707	9	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	707	10	using	use	VBG
work_b3ftiyv34jhylmblxzqccxhcby	707	11	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	707	12	data	datum	NNS
work_b3ftiyv34jhylmblxzqccxhcby	707	13	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	707	14	distin-	distin-	VB
work_b3ftiyv34jhylmblxzqccxhcby	707	15	guish	guish	VB
work_b3ftiyv34jhylmblxzqccxhcby	707	16	among	among	IN
work_b3ftiyv34jhylmblxzqccxhcby	707	17	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	707	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	707	19	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	707	20	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	707	21	seeking	seek	VBG
work_b3ftiyv34jhylmblxzqccxhcby	707	22	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	707	23	discriminate	discriminate	VB
work_b3ftiyv34jhylmblxzqccxhcby	707	24	among	among	IN
work_b3ftiyv34jhylmblxzqccxhcby	707	25	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	707	26	behavioral	behavioral	JJ
work_b3ftiyv34jhylmblxzqccxhcby	707	27	theories	theory	NNS
work_b3ftiyv34jhylmblxzqccxhcby	707	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	708	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	708	2	main	main	JJ
work_b3ftiyv34jhylmblxzqccxhcby	708	3	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	708	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	708	5	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	708	6	findings	finding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	708	7	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	708	8	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	708	9	listed	list	VBN
work_b3ftiyv34jhylmblxzqccxhcby	708	10	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	708	11	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	708	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	709	1	1	1	LS
work_b3ftiyv34jhylmblxzqccxhcby	709	2	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	710	1	High	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	710	2	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	710	3	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	710	4	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	710	5	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	710	6	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	710	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	710	8	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	710	9	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	710	10	argues	argue	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	710	11	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	710	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	710	13	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	710	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	710	15	relation	relation	NN
work_b3ftiyv34jhylmblxzqccxhcby	710	16	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	710	17	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	710	18	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	710	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	710	20	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	710	21	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	710	22	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	710	23	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	710	24	alternative	alternative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	710	25	theories	theory	NNS
work_b3ftiyv34jhylmblxzqccxhcby	710	26	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	710	27	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	710	28	differences	difference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	710	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	710	30	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	710	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	710	32	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	710	33	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	710	34	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	710	35	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	710	36	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	710	37	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	710	38	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	710	39	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	710	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	711	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	711	2	46The	46the	CD
work_b3ftiyv34jhylmblxzqccxhcby	711	3	expected	expected	JJ
work_b3ftiyv34jhylmblxzqccxhcby	711	4	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	711	5	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	711	6	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	711	7	provision	provision	NN
work_b3ftiyv34jhylmblxzqccxhcby	711	8	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	711	9	calculated	calculate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	711	10	per	per	IN
work_b3ftiyv34jhylmblxzqccxhcby	711	11	unit	unit	NN
work_b3ftiyv34jhylmblxzqccxhcby	711	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	711	13	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	711	14	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	711	15	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	711	16	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	711	17	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	711	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	711	19	E1[θ1	e1[θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	711	20	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	711	21	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	711	22	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	711	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	712	1	Since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	712	2	E1[v	e1[v	FW
work_b3ftiyv34jhylmblxzqccxhcby	712	3	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	712	4	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	712	5	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	712	6	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	712	7	−βΛ2E1[θ1	−βΛ2E1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	712	8	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	712	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	712	10	E1[p2	E1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	712	11	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	712	12	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	712	13	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	712	14	=	=	NN
work_b3ftiyv34jhylmblxzqccxhcby	712	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	712	16	βΛ2	βΛ2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	712	17	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	712	18	Λ1)E1[θ1	Λ1)E1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	712	19	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	712	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	712	21	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	712	22	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	712	23	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	712	24	expected	expected	JJ
work_b3ftiyv34jhylmblxzqccxhcby	712	25	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	712	26	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	712	27	due	due	JJ
work_b3ftiyv34jhylmblxzqccxhcby	712	28	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	712	29	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	712	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	712	31	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	712	32	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	712	33	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	712	34	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	712	35	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	712	36	consistently	consistently	RB
work_b3ftiyv34jhylmblxzqccxhcby	712	37	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	712	38	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	712	39	interpretation	interpretation	NN
work_b3ftiyv34jhylmblxzqccxhcby	712	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	713	1	44	44	CD
work_b3ftiyv34jhylmblxzqccxhcby	713	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	713	4	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	713	5	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	6	∈	∈	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	713	8	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	713	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	713	10	1	1	LS
work_b3ftiyv34jhylmblxzqccxhcby	713	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	713	12	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	13	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	14	Reliance	Reliance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	15	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	713	16	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	713	17	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	18	High	High	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	19	High	High	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	20	Low	Low	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	21	Liquidity	Liquidity	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	22	Low	Low	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	23	Low	Low	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	24	High	High	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	25	Price	Price	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	26	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	713	28	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	29	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	713	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	713	31	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	713	32	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	713	33	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	713	34	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	35	Strong	Strong	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	36	Strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	713	37	Weak	weak	JJ
work_b3ftiyv34jhylmblxzqccxhcby	713	38	Price	Price	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	39	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	40	Low	Low	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	41	Low	Low	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	42	High	High	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	43	Risky	Risky	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	44	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	45	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	713	46	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	47	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	713	48	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	713	49	Normal	normal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	713	50	Normal	Normal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	51	Giffen	Giffen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	52	Expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	713	53	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	54	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	713	55	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	713	56	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	57	Low	Low	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	58	Low	Low	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	59	High	High	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	60	Return	Return	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	61	correlation	correlation	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	62	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	713	63	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	713	64	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	713	65	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	66	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	67	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	68	Return	Return	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	69	correlation	correlation	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	70	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	713	71	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	713	72	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	713	73	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	74	±	±	CD
work_b3ftiyv34jhylmblxzqccxhcby	713	75	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	713	76	Disagreement	Disagreement	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	77	High	High	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	78	High	High	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	79	Low	Low	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	80	Conditional	Conditional	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	81	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	82	High	High	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	83	High	High	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	84	Low	Low	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	85	Table	table	NN
work_b3ftiyv34jhylmblxzqccxhcby	713	86	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	713	87	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	713	88	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	713	89	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	90	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	713	91	revisited	revisit	VBN
work_b3ftiyv34jhylmblxzqccxhcby	713	92	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	714	1	fact	fact	NN
work_b3ftiyv34jhylmblxzqccxhcby	714	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	714	3	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	714	4	observation	observation	NN
work_b3ftiyv34jhylmblxzqccxhcby	714	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	714	6	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	714	7	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	714	8	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	714	9	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	714	10	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	714	11	levels	level	NNS
work_b3ftiyv34jhylmblxzqccxhcby	714	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	714	13	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	714	14	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	714	15	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	714	16	inconsistent	inconsistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	714	17	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	714	18	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	714	19	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	714	20	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	714	21	either	either	CC
work_b3ftiyv34jhylmblxzqccxhcby	714	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	714	23	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	714	24	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	714	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	714	26	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	714	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	715	1	2	2	LS
work_b3ftiyv34jhylmblxzqccxhcby	715	2	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	716	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	716	2	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	716	3	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	716	4	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	716	5	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	716	6	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	716	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	716	8	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	716	9	need	nee	MD
work_b3ftiyv34jhylmblxzqccxhcby	716	10	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	716	11	disqualify	disqualify	VB
work_b3ftiyv34jhylmblxzqccxhcby	716	12	RE	RE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	716	13	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	716	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	716	15	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	716	16	suggested	suggest	VBN
work_b3ftiyv34jhylmblxzqccxhcby	716	17	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	716	18	Banerjee	Banerjee	NNP
work_b3ftiyv34jhylmblxzqccxhcby	716	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	716	20	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	716	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	716	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	716	23	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	716	24	example	example	NN
work_b3ftiyv34jhylmblxzqccxhcby	716	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	716	26	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	716	27	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	716	28	finding	finding	NN
work_b3ftiyv34jhylmblxzqccxhcby	716	29	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	716	30	consistent	consistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	716	31	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	716	32	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	716	33	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	716	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	717	1	3	3	LS
work_b3ftiyv34jhylmblxzqccxhcby	717	2	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	718	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	718	2	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	718	3	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	718	4	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	718	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	718	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	718	7	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	718	8	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	718	9	identifies	identify	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	718	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	718	11	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	718	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	718	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	718	14	oc-	oc-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	718	15	currence	currence	NN
work_b3ftiyv34jhylmblxzqccxhcby	718	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	718	17	return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	718	18	reversals	reversal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	718	19	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	718	20	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	718	21	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	718	22	identifies	identify	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	718	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	718	24	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	718	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	718	26	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	718	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	718	28	maintained	maintained	JJ
work_b3ftiyv34jhylmblxzqccxhcby	718	29	hypothesis	hypothesis	NN
work_b3ftiyv34jhylmblxzqccxhcby	718	30	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	718	31	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	718	32	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	718	33	holds	hold	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	718	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	719	1	4	4	LS
work_b3ftiyv34jhylmblxzqccxhcby	719	2	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	720	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	720	2	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	720	3	fragile	fragile	JJ
work_b3ftiyv34jhylmblxzqccxhcby	720	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	720	5	non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	720	6	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	720	7	fragile	fragile	JJ
work_b3ftiyv34jhylmblxzqccxhcby	720	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	720	9	stocks	stock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	720	10	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	720	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	720	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	720	13	sense	sense	NN
work_b3ftiyv34jhylmblxzqccxhcby	720	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	720	15	Greenwood	Greenwood	NNP
work_b3ftiyv34jhylmblxzqccxhcby	720	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	720	17	Thesmar	Thesmar	NNP
work_b3ftiyv34jhylmblxzqccxhcby	720	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	720	19	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	720	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	720	21	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	720	22	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	720	23	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	720	24	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	720	25	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	720	26	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	720	27	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	720	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	720	29	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	720	30	transacted	transact	VBN
work_b3ftiyv34jhylmblxzqccxhcby	720	31	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	720	32	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	720	33	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	720	34	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	720	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	720	36	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	720	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	720	38	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	720	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	720	40	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	720	41	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	720	42	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	720	43	constitute	constitute	VB
work_b3ftiyv34jhylmblxzqccxhcby	720	44	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	720	45	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	720	46	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	720	47	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	720	48	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	720	49	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	720	50	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	720	51	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	721	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	721	2	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	721	3	words	word	NNS
work_b3ftiyv34jhylmblxzqccxhcby	721	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	721	5	fragility	fragility	NN
work_b3ftiyv34jhylmblxzqccxhcby	721	6	should	should	MD
work_b3ftiyv34jhylmblxzqccxhcby	721	7	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	721	8	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	721	9	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	721	10	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	721	11	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	721	12	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	721	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	721	14	divergence	divergence	NN
work_b3ftiyv34jhylmblxzqccxhcby	721	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	721	16	opinions	opinion	NNS
work_b3ftiyv34jhylmblxzqccxhcby	721	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	722	1	45	45	CD
work_b3ftiyv34jhylmblxzqccxhcby	722	2	E	E	NNS
work_b3ftiyv34jhylmblxzqccxhcby	722	3	Meltdowns	Meltdowns	NNP
work_b3ftiyv34jhylmblxzqccxhcby	722	4	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	722	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	722	6	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	722	7	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	722	8	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	722	9	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	722	10	shed	shed	VB
work_b3ftiyv34jhylmblxzqccxhcby	722	11	some	some	DT
work_b3ftiyv34jhylmblxzqccxhcby	722	12	light	light	NN
work_b3ftiyv34jhylmblxzqccxhcby	722	13	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	722	14	episodes	episode	NNS
work_b3ftiyv34jhylmblxzqccxhcby	722	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	722	16	sudden	sudden	JJ
work_b3ftiyv34jhylmblxzqccxhcby	722	17	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	722	18	dry	dry	NN
work_b3ftiyv34jhylmblxzqccxhcby	722	19	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	722	20	ups	up	NNS
work_b3ftiyv34jhylmblxzqccxhcby	722	21	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	722	22	exemplified	exemplify	VBN
work_b3ftiyv34jhylmblxzqccxhcby	722	23	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	722	24	severe	severe	JJ
work_b3ftiyv34jhylmblxzqccxhcby	722	25	form	form	NN
work_b3ftiyv34jhylmblxzqccxhcby	722	26	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	722	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	722	28	recent	recent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	722	29	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	722	30	crisis	crisis	NN
work_b3ftiyv34jhylmblxzqccxhcby	722	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	723	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	723	2	offer	offer	VBP
work_b3ftiyv34jhylmblxzqccxhcby	723	3	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	723	4	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	723	5	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	723	6	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	723	7	explanation	explanation	NN
work_b3ftiyv34jhylmblxzqccxhcby	723	8	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	723	9	complements	complement	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	723	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	723	11	standard	standard	JJ
work_b3ftiyv34jhylmblxzqccxhcby	723	12	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	723	13	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	723	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	723	15	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	723	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	723	17	insufficient	insufficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	723	18	arbitrage	arbitrage	NN
work_b3ftiyv34jhylmblxzqccxhcby	723	19	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	723	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	724	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	724	2	quant	quant	JJ
work_b3ftiyv34jhylmblxzqccxhcby	724	3	meltdown	meltdown	NN
work_b3ftiyv34jhylmblxzqccxhcby	724	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	724	5	August	August	NNP
work_b3ftiyv34jhylmblxzqccxhcby	724	6	2007	2007	CD
work_b3ftiyv34jhylmblxzqccxhcby	724	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	725	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	725	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	725	3	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	725	4	week	week	NN
work_b3ftiyv34jhylmblxzqccxhcby	725	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	725	6	August	August	NNP
work_b3ftiyv34jhylmblxzqccxhcby	725	7	2007	2007	CD
work_b3ftiyv34jhylmblxzqccxhcby	725	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	725	9	several	several	JJ
work_b3ftiyv34jhylmblxzqccxhcby	725	10	hedge	hedge	NN
work_b3ftiyv34jhylmblxzqccxhcby	725	11	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	725	12	started	start	VBD
work_b3ftiyv34jhylmblxzqccxhcby	725	13	unwinding	unwind	VBG
work_b3ftiyv34jhylmblxzqccxhcby	725	14	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	725	15	holdings	holding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	725	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	725	17	arguably	arguably	RB
work_b3ftiyv34jhylmblxzqccxhcby	725	18	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	725	19	non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	725	20	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	725	21	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	725	22	reasons	reason	NNS
work_b3ftiyv34jhylmblxzqccxhcby	725	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	725	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	726	1	Khandani	Khandani	NNP
work_b3ftiyv34jhylmblxzqccxhcby	726	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	726	3	Lo	Lo	NNP
work_b3ftiyv34jhylmblxzqccxhcby	726	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	726	5	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	726	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	726	7	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	726	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	726	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	726	10	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	726	11	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	726	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	726	13	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	726	14	spiked	spike	VBN
work_b3ftiyv34jhylmblxzqccxhcby	726	15	during	during	IN
work_b3ftiyv34jhylmblxzqccxhcby	726	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	726	17	event	event	NN
work_b3ftiyv34jhylmblxzqccxhcby	726	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	727	1	Their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	727	2	conclusion	conclusion	NN
work_b3ftiyv34jhylmblxzqccxhcby	727	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	727	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	727	5	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	727	6	lack	lack	NN
work_b3ftiyv34jhylmblxzqccxhcby	727	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	727	8	arbitrage	arbitrage	NN
work_b3ftiyv34jhylmblxzqccxhcby	727	9	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	727	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	727	11	together	together	RB
work_b3ftiyv34jhylmblxzqccxhcby	727	12	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	727	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	727	14	increased	increase	VBN
work_b3ftiyv34jhylmblxzqccxhcby	727	15	importance	importance	NN
work_b3ftiyv34jhylmblxzqccxhcby	727	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	727	17	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	727	18	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	727	19	frequency	frequency	NN
work_b3ftiyv34jhylmblxzqccxhcby	727	20	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	727	21	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	727	22	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	727	23	making	making	NN
work_b3ftiyv34jhylmblxzqccxhcby	727	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	727	25	was	be	VBD
work_b3ftiyv34jhylmblxzqccxhcby	727	26	largely	largely	RB
work_b3ftiyv34jhylmblxzqccxhcby	727	27	responsible	responsible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	727	28	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	727	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	727	30	meltdown	meltdown	NN
work_b3ftiyv34jhylmblxzqccxhcby	727	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	728	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	728	2	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	728	3	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	728	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	728	5	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	728	6	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	728	7	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	728	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	728	9	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	728	10	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	728	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	728	12	consistent	consistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	728	13	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	728	14	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	728	15	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	728	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	728	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	728	18	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	728	19	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	728	20	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	728	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	728	22	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	728	23	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	728	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	728	25	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	728	26	switch	switch	NN
work_b3ftiyv34jhylmblxzqccxhcby	728	27	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	728	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	728	29	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	728	30	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	728	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	728	32	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	728	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	728	34	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	728	35	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	728	36	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	728	37	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	728	38	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	728	39	disappear	disappear	VB
work_b3ftiyv34jhylmblxzqccxhcby	728	40	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	728	41	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	728	42	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	728	43	2(d	2(d	CD
work_b3ftiyv34jhylmblxzqccxhcby	728	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	728	45	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	728	46	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	729	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	729	2	fact	fact	NN
work_b3ftiyv34jhylmblxzqccxhcby	729	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	729	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	729	5	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	729	6	prevails	prevail	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	729	7	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	729	8	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	729	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	729	10	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	729	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	729	12	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	729	13	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	729	14	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	729	15	larger	large	JJR
work_b3ftiyv34jhylmblxzqccxhcby	729	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	729	17	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	729	18	volatile	volatile	JJ
work_b3ftiyv34jhylmblxzqccxhcby	729	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	730	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	730	2	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	730	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	730	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	730	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	730	6	retro-	retro-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	730	7	spective	spective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	730	8	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	730	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	730	10	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	730	11	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	730	12	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	730	13	weakens	weakens	NNP
work_b3ftiyv34jhylmblxzqccxhcby	730	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	730	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	730	16	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	730	17	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	730	18	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	730	19	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	730	20	disappears	disappear	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	730	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	731	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	731	2	alternative	alternative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	731	3	view	view	NN
work_b3ftiyv34jhylmblxzqccxhcby	731	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	731	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	731	6	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	731	7	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	731	8	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	731	9	had	have	VBD
work_b3ftiyv34jhylmblxzqccxhcby	731	10	been	be	VBN
work_b3ftiyv34jhylmblxzqccxhcby	731	11	abundant	abundant	JJ
work_b3ftiyv34jhylmblxzqccxhcby	731	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	731	13	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	731	14	CARA	CARA	NNP
work_b3ftiyv34jhylmblxzqccxhcby	731	15	utilities	utility	NNS
work_b3ftiyv34jhylmblxzqccxhcby	731	16	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	731	17	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	731	18	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	731	19	room	room	NN
work_b3ftiyv34jhylmblxzqccxhcby	731	20	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	731	21	endowment	endowment	NN
work_b3ftiyv34jhylmblxzqccxhcby	731	22	effects	effect	NNS
work_b3ftiyv34jhylmblxzqccxhcby	731	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	731	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	731	25	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	731	26	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	731	27	meltdown	meltdown	NN
work_b3ftiyv34jhylmblxzqccxhcby	731	28	could	could	MD
work_b3ftiyv34jhylmblxzqccxhcby	731	29	have	have	VB
work_b3ftiyv34jhylmblxzqccxhcby	731	30	occurred	occur	VBN
work_b3ftiyv34jhylmblxzqccxhcby	731	31	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	731	32	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	731	33	conditions	condition	NNS
work_b3ftiyv34jhylmblxzqccxhcby	731	34	were	be	VBD
work_b3ftiyv34jhylmblxzqccxhcby	731	35	like	like	IN
work_b3ftiyv34jhylmblxzqccxhcby	731	36	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	731	37	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	731	38	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	731	39	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	731	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	732	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	732	2	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	732	3	crisis	crisis	NN
work_b3ftiyv34jhylmblxzqccxhcby	732	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	732	5	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	732	6	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	732	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	733	1	Several	several	JJ
work_b3ftiyv34jhylmblxzqccxhcby	733	2	authors	author	NNS
work_b3ftiyv34jhylmblxzqccxhcby	733	3	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	733	4	argued	argue	VBN
work_b3ftiyv34jhylmblxzqccxhcby	733	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	733	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	733	7	during	during	IN
work_b3ftiyv34jhylmblxzqccxhcby	733	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	733	9	2007–2008	2007–2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	733	10	crisis	crisis	NN
work_b3ftiyv34jhylmblxzqccxhcby	733	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	733	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	733	13	selling	selling	NN
work_b3ftiyv34jhylmblxzqccxhcby	733	14	pressure	pressure	NN
work_b3ftiyv34jhylmblxzqccxhcby	733	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	733	16	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	733	17	drove	drive	VBD
work_b3ftiyv34jhylmblxzqccxhcby	733	18	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	733	19	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	733	20	downward	downward	RB
work_b3ftiyv34jhylmblxzqccxhcby	733	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	733	22	below	below	IN
work_b3ftiyv34jhylmblxzqccxhcby	733	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	733	24	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	733	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	733	26	though	though	IN
work_b3ftiyv34jhylmblxzqccxhcby	733	27	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	733	28	was	be	VBD
work_b3ftiyv34jhylmblxzqccxhcby	733	29	followed	follow	VBN
work_b3ftiyv34jhylmblxzqccxhcby	733	30	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	733	31	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	733	32	rebound	rebound	NN
work_b3ftiyv34jhylmblxzqccxhcby	733	33	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	733	34	Cella	Cella	NNP
work_b3ftiyv34jhylmblxzqccxhcby	733	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	733	36	Ellul	Ellul	NNP
work_b3ftiyv34jhylmblxzqccxhcby	733	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	733	38	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	733	39	Giannetti	Giannetti	NNP
work_b3ftiyv34jhylmblxzqccxhcby	733	40	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	733	41	2013	2013	CD
work_b3ftiyv34jhylmblxzqccxhcby	733	42	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	733	43	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	733	44	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	734	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	734	2	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	734	3	reason	reason	NN
work_b3ftiyv34jhylmblxzqccxhcby	734	4	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	734	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	734	6	occurence	occurence	NN
work_b3ftiyv34jhylmblxzqccxhcby	734	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	734	8	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	734	9	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	734	10	corrections	correction	NNS
work_b3ftiyv34jhylmblxzqccxhcby	734	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	734	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	734	13	lack	lack	NN
work_b3ftiyv34jhylmblxzqccxhcby	734	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	734	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	734	16	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	734	17	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	734	18	slow	slow	JJ
work_b3ftiyv34jhylmblxzqccxhcby	734	19	moving	moving	NN
work_b3ftiyv34jhylmblxzqccxhcby	734	20	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	734	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	734	22	arbitrage	arbitrage	NN
work_b3ftiyv34jhylmblxzqccxhcby	734	23	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	734	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	734	25	Duffie	Duffie	NNP
work_b3ftiyv34jhylmblxzqccxhcby	734	26	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	734	27	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	734	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	734	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	734	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	734	31	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	734	32	exhausted	exhaust	VBD
work_b3ftiyv34jhylmblxzqccxhcby	734	33	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	734	34	risk-	risk-	NN
work_b3ftiyv34jhylmblxzqccxhcby	734	35	bearing	bearing	NN
work_b3ftiyv34jhylmblxzqccxhcby	734	36	capacity	capacity	NN
work_b3ftiyv34jhylmblxzqccxhcby	734	37	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	734	38	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	734	39	suppliers	supplier	NNS
work_b3ftiyv34jhylmblxzqccxhcby	734	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	735	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	735	2	theory	theory	NN
work_b3ftiyv34jhylmblxzqccxhcby	735	3	provides	provide	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	735	4	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	735	5	alternative	alternative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	735	6	explanation	explanation	NN
work_b3ftiyv34jhylmblxzqccxhcby	735	7	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	735	8	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	735	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	735	10	absence	absence	NN
work_b3ftiyv34jhylmblxzqccxhcby	735	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	735	12	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	735	13	conditions	condition	NNS
work_b3ftiyv34jhylmblxzqccxhcby	735	14	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	735	15	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	735	16	have	have	VB
work_b3ftiyv34jhylmblxzqccxhcby	735	17	allowed	allow	VBN
work_b3ftiyv34jhylmblxzqccxhcby	735	18	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	735	19	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	735	20	milder	milder	NN
work_b3ftiyv34jhylmblxzqccxhcby	735	21	correction	correction	NN
work_b3ftiyv34jhylmblxzqccxhcby	735	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	736	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	736	2	particular	particular	JJ
work_b3ftiyv34jhylmblxzqccxhcby	736	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	736	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	736	5	dearth	dearth	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	736	7	reliable	reliable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	736	8	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	736	9	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	736	11	proxied	proxie	VBN
work_b3ftiyv34jhylmblxzqccxhcby	736	12	here	here	RB
work_b3ftiyv34jhylmblxzqccxhcby	736	13	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	736	14	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	736	15	steep	steep	JJ
work_b3ftiyv34jhylmblxzqccxhcby	736	16	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	736	18	τη	τη	NNP
work_b3ftiyv34jhylmblxzqccxhcby	736	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	736	20	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	736	21	have	have	VB
work_b3ftiyv34jhylmblxzqccxhcby	736	22	reduced	reduce	VBN
work_b3ftiyv34jhylmblxzqccxhcby	736	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	736	24	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	25	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	736	26	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	27	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	736	28	bearing	bearing	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	29	capacity	capacity	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	736	31	relegating	relegate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	736	32	most	most	JJS
work_b3ftiyv34jhylmblxzqccxhcby	736	33	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	736	34	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	736	35	economy	economy	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	36	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	736	37	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	736	38	LIE.47	LIE.47	NNP
work_b3ftiyv34jhylmblxzqccxhcby	736	39	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	736	40	argued	argue	VBD
work_b3ftiyv34jhylmblxzqccxhcby	736	41	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	736	42	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	736	43	Online	Online	NNP
work_b3ftiyv34jhylmblxzqccxhcby	736	44	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	736	45	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	736	46	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	736	47	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	736	48	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	49	coordinates	coordinate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	736	50	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	736	51	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	736	52	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	736	53	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	736	54	poor	poor	JJ
work_b3ftiyv34jhylmblxzqccxhcby	736	55	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	736	56	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	57	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	736	58	rendered	render	VBN
work_b3ftiyv34jhylmblxzqccxhcby	736	59	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	736	60	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	736	61	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	736	62	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	736	63	additional	additional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	736	64	mild	mild	JJ
work_b3ftiyv34jhylmblxzqccxhcby	736	65	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	66	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	736	67	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	736	68	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	69	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	736	70	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	736	71	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	736	72	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	736	73	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	736	74	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	736	75	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	737	1	Indirect	indirect	JJ
work_b3ftiyv34jhylmblxzqccxhcby	737	2	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	737	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	737	4	such	such	PDT
work_b3ftiyv34jhylmblxzqccxhcby	737	5	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	737	6	transition	transition	NN
work_b3ftiyv34jhylmblxzqccxhcby	737	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	737	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	737	9	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	737	10	contrarian	contrarian	JJ
work_b3ftiyv34jhylmblxzqccxhcby	737	11	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	737	12	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	737	13	providing	provide	VBG
work_b3ftiyv34jhylmblxzqccxhcby	737	14	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	737	15	were	be	VBD
work_b3ftiyv34jhylmblxzqccxhcby	737	16	extremely	extremely	RB
work_b3ftiyv34jhylmblxzqccxhcby	737	17	profitable	profitable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	737	18	during	during	IN
work_b3ftiyv34jhylmblxzqccxhcby	737	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	737	20	47For	47for	CD
work_b3ftiyv34jhylmblxzqccxhcby	737	21	instance	instance	NN
work_b3ftiyv34jhylmblxzqccxhcby	737	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	737	23	Gorton	Gorton	NNP
work_b3ftiyv34jhylmblxzqccxhcby	737	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	737	25	Metrick	Metrick	NNP
work_b3ftiyv34jhylmblxzqccxhcby	737	26	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	737	27	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	737	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	737	29	report	report	VBP
work_b3ftiyv34jhylmblxzqccxhcby	737	30	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	737	31	repo	repo	NNP
work_b3ftiyv34jhylmblxzqccxhcby	737	32	depositors	depositor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	737	33	during	during	IN
work_b3ftiyv34jhylmblxzqccxhcby	737	34	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	737	35	crisis	crisis	NN
work_b3ftiyv34jhylmblxzqccxhcby	737	36	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	737	37	did	do	VBD
work_b3ftiyv34jhylmblxzqccxhcby	737	38	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	737	39	know	know	VB
work_b3ftiyv34jhylmblxzqccxhcby	737	40	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	737	41	securitized	securitize	VBD
work_b3ftiyv34jhylmblxzqccxhcby	737	42	banks	bank	NNS
work_b3ftiyv34jhylmblxzqccxhcby	737	43	were	be	VBD
work_b3ftiyv34jhylmblxzqccxhcby	737	44	most	most	RBS
work_b3ftiyv34jhylmblxzqccxhcby	737	45	likely	likely	JJ
work_b3ftiyv34jhylmblxzqccxhcby	737	46	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	737	47	fail	fail	VB
work_b3ftiyv34jhylmblxzqccxhcby	737	48	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	737	49	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	737	50	46	46	CD
work_b3ftiyv34jhylmblxzqccxhcby	737	51	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	737	52	crisis	crisis	NN
work_b3ftiyv34jhylmblxzqccxhcby	737	53	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	737	54	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	737	55	documented	document	VBN
work_b3ftiyv34jhylmblxzqccxhcby	737	56	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	737	57	Nagel	Nagel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	737	58	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	737	59	2012))—in	2012))—in	CD
work_b3ftiyv34jhylmblxzqccxhcby	737	60	line	line	NN
work_b3ftiyv34jhylmblxzqccxhcby	737	61	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	737	62	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	737	63	prediction	prediction	NN
work_b3ftiyv34jhylmblxzqccxhcby	737	64	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	737	65	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	737	66	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	737	67	derived	derive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	737	68	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	737	69	Section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	737	70	IV.D.	iv.d.	ADD
work_b3ftiyv34jhylmblxzqccxhcby	738	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	738	2	regard	regard	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	3	thereto	thereto	VBP
work_b3ftiyv34jhylmblxzqccxhcby	738	4	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	738	5	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	6	makes	make	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	738	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	738	8	additional	additional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	738	9	prediction	prediction	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	10	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	738	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	738	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	738	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	738	14	cross	cross	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	15	section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	738	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	738	18	assets	asset	NNS
work_b3ftiyv34jhylmblxzqccxhcby	738	19	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	738	20	underwent	undergo	VBD
work_b3ftiyv34jhylmblxzqccxhcby	738	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	738	22	most	most	RBS
work_b3ftiyv34jhylmblxzqccxhcby	738	23	extreme	extreme	JJ
work_b3ftiyv34jhylmblxzqccxhcby	738	24	corrections	correction	NNS
work_b3ftiyv34jhylmblxzqccxhcby	738	25	were	be	VBD
work_b3ftiyv34jhylmblxzqccxhcby	738	26	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	738	27	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	738	28	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	738	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	738	30	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	738	31	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	32	was	be	VBD
work_b3ftiyv34jhylmblxzqccxhcby	738	33	poorest.48	poorest.48	NNP
work_b3ftiyv34jhylmblxzqccxhcby	738	34	V	V	NNP
work_b3ftiyv34jhylmblxzqccxhcby	738	35	Conclusions	Conclusions	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	738	36	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	738	37	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	738	38	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	39	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	738	40	argue	argue	VBP
work_b3ftiyv34jhylmblxzqccxhcby	738	41	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	738	42	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	738	43	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	44	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	738	45	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	46	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	738	47	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	738	48	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	738	49	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	738	50	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	738	51	significant	significant	JJ
work_b3ftiyv34jhylmblxzqccxhcby	738	52	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	53	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	738	54	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	738	55	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	56	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	738	57	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	58	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	738	59	averse	averse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	738	60	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	738	61	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	738	62	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	738	63	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	738	64	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	738	65	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	738	66	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	738	67	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	738	68	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	738	69	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	739	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	739	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	739	3	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	739	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	739	5	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	739	6	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	739	7	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	739	8	correlated	correlate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	739	9	across	across	IN
work_b3ftiyv34jhylmblxzqccxhcby	739	10	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	739	11	dates	date	NNS
work_b3ftiyv34jhylmblxzqccxhcby	739	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	739	13	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	739	14	reassess	reassess	VBP
work_b3ftiyv34jhylmblxzqccxhcby	739	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	739	16	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	739	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	739	18	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	739	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	739	20	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	739	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	739	22	obtained	obtain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	739	23	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	739	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	739	25	early	early	JJ
work_b3ftiyv34jhylmblxzqccxhcby	739	26	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	739	27	stage	stage	NN
work_b3ftiyv34jhylmblxzqccxhcby	739	28	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	739	29	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	739	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	739	31	new	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	739	32	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	739	33	gathered	gather	VBD
work_b3ftiyv34jhylmblxzqccxhcby	739	34	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	739	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	739	36	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	739	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	740	1	Such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	740	2	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	740	3	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	740	4	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	740	5	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	740	6	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	740	7	generate	generate	VB
work_b3ftiyv34jhylmblxzqccxhcby	740	8	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	740	9	complementarities	complementarity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	740	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	740	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	740	12	use	use	NN
work_b3ftiyv34jhylmblxzqccxhcby	740	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	740	14	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	740	15	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	740	16	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	740	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	740	18	turn	turn	NN
work_b3ftiyv34jhylmblxzqccxhcby	740	19	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	740	20	yield	yield	VB
work_b3ftiyv34jhylmblxzqccxhcby	740	21	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	740	22	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	740	23	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	740	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	740	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	740	26	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	740	27	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	740	28	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	740	29	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	740	30	ranked	rank	VBN
work_b3ftiyv34jhylmblxzqccxhcby	740	31	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	740	32	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	740	33	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	740	34	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	740	35	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	740	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	740	37	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	740	38	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	740	39	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	740	40	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	740	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	741	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	741	2	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	741	3	reveals	reveal	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	741	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	741	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	741	6	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	741	7	uninformed	uninformed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	741	8	orders	order	NNS
work_b3ftiyv34jhylmblxzqccxhcby	741	9	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	741	10	predictable	predictable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	741	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	741	12	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	741	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	741	14	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	741	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	741	16	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	741	17	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	741	18	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	741	19	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	741	20	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	741	21	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	741	22	observables	observable	NNS
work_b3ftiyv34jhylmblxzqccxhcby	741	23	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	741	24	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	741	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	741	26	quality	quality	NN
work_b3ftiyv34jhylmblxzqccxhcby	741	27	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	741	28	public	public	NN
work_b3ftiyv34jhylmblxzqccxhcby	741	29	infor-	infor-	XX
work_b3ftiyv34jhylmblxzqccxhcby	741	30	mation	mation	NN
work_b3ftiyv34jhylmblxzqccxhcby	741	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	742	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	742	2	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	742	3	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	742	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	742	5	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	742	6	much	much	RB
work_b3ftiyv34jhylmblxzqccxhcby	742	7	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	742	8	precise	precise	JJ
work_b3ftiyv34jhylmblxzqccxhcby	742	9	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	742	10	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	742	11	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	742	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	742	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	742	14	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	742	15	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	742	16	channel	channel	NN
work_b3ftiyv34jhylmblxzqccxhcby	742	17	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	742	18	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	742	19	too	too	RB
work_b3ftiyv34jhylmblxzqccxhcby	742	20	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	742	21	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	742	22	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	742	23	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	742	24	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	742	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	742	26	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	742	27	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	742	28	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	742	29	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	742	30	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	742	31	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	742	32	characterized	characterize	VBN
work_b3ftiyv34jhylmblxzqccxhcby	742	33	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	742	34	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	742	35	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	742	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	742	37	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	742	38	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	742	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	742	40	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	742	41	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	742	42	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	742	43	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	742	44	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	742	45	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	742	46	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	742	47	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	742	48	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	742	49	levels	level	NNS
work_b3ftiyv34jhylmblxzqccxhcby	742	50	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	742	51	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	742	52	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	743	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	743	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	743	3	exists	exist	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	743	4	alongside	alongside	IN
work_b3ftiyv34jhylmblxzqccxhcby	743	5	another	another	DT
work_b3ftiyv34jhylmblxzqccxhcby	743	6	equi-	equi-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	743	7	librium	librium	NN
work_b3ftiyv34jhylmblxzqccxhcby	743	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	743	9	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	743	10	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	743	11	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	743	12	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	743	13	volatile	volatile	JJ
work_b3ftiyv34jhylmblxzqccxhcby	743	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	743	15	less	less	RBR
work_b3ftiyv34jhylmblxzqccxhcby	743	16	informationally	informationally	RB
work_b3ftiyv34jhylmblxzqccxhcby	743	17	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	743	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	743	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	743	20	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	743	21	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	743	22	thinner	thin	JJR
work_b3ftiyv34jhylmblxzqccxhcby	743	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	743	24	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	743	25	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	743	26	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	743	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	743	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	743	29	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	743	30	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	743	31	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	743	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	744	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	744	2	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	744	3	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	744	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	744	5	either	either	CC
work_b3ftiyv34jhylmblxzqccxhcby	744	6	very	very	RB
work_b3ftiyv34jhylmblxzqccxhcby	744	7	precise	precise	JJ
work_b3ftiyv34jhylmblxzqccxhcby	744	8	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	744	9	very	very	RB
work_b3ftiyv34jhylmblxzqccxhcby	744	10	poor	poor	JJ
work_b3ftiyv34jhylmblxzqccxhcby	744	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	744	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	744	13	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	744	14	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	744	15	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	744	16	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	744	17	disappears	disappear	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	744	18	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	744	19	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	744	20	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	744	21	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	744	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	744	23	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	744	24	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	744	25	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	744	26	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	744	27	survives	survive	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	744	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	745	1	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	745	2	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	745	3	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	745	4	indicates	indicate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	745	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	745	6	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	745	7	could	could	MD
work_b3ftiyv34jhylmblxzqccxhcby	745	8	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	745	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	745	10	nonlinear	nonlinear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	745	11	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	745	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	745	13	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	745	14	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	745	15	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	745	16	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	745	17	observables	observable	NNS
work_b3ftiyv34jhylmblxzqccxhcby	745	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	746	1	Furthermore	furthermore	RB
work_b3ftiyv34jhylmblxzqccxhcby	746	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	746	3	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	746	4	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	746	5	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	746	6	guide	guide	VB
work_b3ftiyv34jhylmblxzqccxhcby	746	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	746	8	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	746	9	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	746	10	investigating	investigate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	746	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	746	12	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	746	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	746	14	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	746	15	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	746	16	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	746	17	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	746	18	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	746	19	patterns	pattern	NNS
work_b3ftiyv34jhylmblxzqccxhcby	746	20	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	746	21	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	746	22	means	means	NN
work_b3ftiyv34jhylmblxzqccxhcby	746	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	746	24	identifying	identify	VBG
work_b3ftiyv34jhylmblxzqccxhcby	746	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	746	26	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	746	27	characteristics	characteristic	NNS
work_b3ftiyv34jhylmblxzqccxhcby	746	28	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	746	29	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	746	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	746	31	high-	high-	NN
work_b3ftiyv34jhylmblxzqccxhcby	746	32	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	746	33	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	746	34	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	746	35	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	746	36	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	746	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	747	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	747	2	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	747	3	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	747	4	clarifies	clarify	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	747	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	747	6	role	role	NN
work_b3ftiyv34jhylmblxzqccxhcby	747	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	747	8	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	747	9	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	747	10	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	747	11	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	747	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	747	13	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	747	14	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	747	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	748	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	748	2	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	748	3	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	748	4	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	748	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	748	6	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	748	7	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	748	8	driven	drive	VBN
work_b3ftiyv34jhylmblxzqccxhcby	748	9	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	748	10	average	average	JJ
work_b3ftiyv34jhylmblxzqccxhcby	748	11	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	748	12	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	748	13	fundamen-	fundamen-	NN
work_b3ftiyv34jhylmblxzqccxhcby	748	14	tals	tal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	748	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	748	16	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	748	17	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	748	18	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	748	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	749	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	749	2	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	749	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	749	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	749	5	contrast	contrast	NN
work_b3ftiyv34jhylmblxzqccxhcby	749	6	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	749	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	749	8	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	749	9	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	749	10	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	749	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	749	12	Allen	Allen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	749	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	749	14	Morris	Morris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	749	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	749	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	749	17	Shin	Shin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	749	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	749	19	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	749	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	749	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	749	22	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	749	23	draw	draw	VB
work_b3ftiyv34jhylmblxzqccxhcby	749	24	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	749	25	either	either	CC
work_b3ftiyv34jhylmblxzqccxhcby	749	26	systematically	systematically	RB
work_b3ftiyv34jhylmblxzqccxhcby	749	27	farther	farther	RB
work_b3ftiyv34jhylmblxzqccxhcby	749	28	away	away	RB
work_b3ftiyv34jhylmblxzqccxhcby	749	29	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	749	30	48Nagel	48nagel	CD
work_b3ftiyv34jhylmblxzqccxhcby	749	31	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	749	32	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	749	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	749	34	finds	find	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	749	35	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	749	36	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	749	37	stocks	stock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	749	38	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	749	39	small	small	JJ
work_b3ftiyv34jhylmblxzqccxhcby	749	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	749	41	illiquid	illiquid	JJ
work_b3ftiyv34jhylmblxzqccxhcby	749	42	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	749	43	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	749	44	highly	highly	RB
work_b3ftiyv34jhylmblxzqccxhcby	749	45	volatile	volatile	JJ
work_b3ftiyv34jhylmblxzqccxhcby	749	46	companies	company	NNS
work_b3ftiyv34jhylmblxzqccxhcby	749	47	generated	generate	VBD
work_b3ftiyv34jhylmblxzqccxhcby	749	48	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	749	49	largest	large	JJS
work_b3ftiyv34jhylmblxzqccxhcby	749	50	contrarian	contrarian	JJ
work_b3ftiyv34jhylmblxzqccxhcby	749	51	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	749	52	during	during	IN
work_b3ftiyv34jhylmblxzqccxhcby	749	53	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	749	54	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	749	55	crisis	crisis	NN
work_b3ftiyv34jhylmblxzqccxhcby	749	56	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	750	1	47	47	CD
work_b3ftiyv34jhylmblxzqccxhcby	750	2	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	750	3	closer	close	JJR
work_b3ftiyv34jhylmblxzqccxhcby	750	4	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	750	5	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	750	6	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	750	7	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	750	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	750	9	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	750	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	750	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	750	12	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	750	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	750	14	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	750	15	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	750	16	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	750	17	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	750	18	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	750	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	750	20	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	750	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	750	22	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	750	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	751	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	751	2	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	751	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	751	4	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	751	5	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	751	6	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	751	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	751	8	either	either	CC
work_b3ftiyv34jhylmblxzqccxhcby	751	9	very	very	RB
work_b3ftiyv34jhylmblxzqccxhcby	751	10	precise	precise	JJ
work_b3ftiyv34jhylmblxzqccxhcby	751	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	751	12	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	751	13	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	751	14	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	751	15	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	751	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	751	17	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	751	18	very	very	RB
work_b3ftiyv34jhylmblxzqccxhcby	751	19	poor	poor	JJ
work_b3ftiyv34jhylmblxzqccxhcby	751	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	751	21	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	751	22	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	751	23	farther	farther	RB
work_b3ftiyv34jhylmblxzqccxhcby	751	24	away	away	RB
work_b3ftiyv34jhylmblxzqccxhcby	751	25	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	751	26	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	751	27	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	751	28	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	751	29	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	751	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	752	1	However	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	752	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	752	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	752	4	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	752	5	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	752	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	752	7	intermediate	intermediate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	752	8	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	752	9	makes	make	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	752	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	752	11	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	752	12	stable	stable	NN
work_b3ftiyv34jhylmblxzqccxhcby	752	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	752	14	thereby	thereby	RB
work_b3ftiyv34jhylmblxzqccxhcby	752	15	drawing	draw	VBG
work_b3ftiyv34jhylmblxzqccxhcby	752	16	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	752	17	closer	close	RBR
work_b3ftiyv34jhylmblxzqccxhcby	752	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	752	19	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	752	20	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	752	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	752	22	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	752	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	752	24	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	752	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	753	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	753	2	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	753	3	link	link	VBP
work_b3ftiyv34jhylmblxzqccxhcby	753	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	753	5	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	753	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	753	7	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	753	8	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	753	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	753	10	magnitude	magnitude	NN
work_b3ftiyv34jhylmblxzqccxhcby	753	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	753	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	753	13	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	753	14	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	753	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	753	16	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	753	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	753	18	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	753	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	753	20	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	753	21	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	753	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	753	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	753	24	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	753	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	753	26	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	753	27	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	753	28	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	753	29	supply	supply	NN
work_b3ftiyv34jhylmblxzqccxhcby	753	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	754	1	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	754	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	754	3	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	754	4	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	754	5	establishes	establish	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	754	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	754	7	limits	limit	NNS
work_b3ftiyv34jhylmblxzqccxhcby	754	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	754	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	754	10	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	754	11	Contest	Contest	NNP
work_b3ftiyv34jhylmblxzqccxhcby	754	12	analogy	analogy	NN
work_b3ftiyv34jhylmblxzqccxhcby	754	13	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	754	14	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	754	15	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	754	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	754	17	provides	provide	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	754	18	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	754	19	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	754	20	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	754	21	assess	assess	VB
work_b3ftiyv34jhylmblxzqccxhcby	754	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	754	23	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	754	24	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	754	25	HOEs	hoe	NNS
work_b3ftiyv34jhylmblxzqccxhcby	754	26	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	754	27	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	754	28	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	754	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	755	1	Table	table	NN
work_b3ftiyv34jhylmblxzqccxhcby	755	2	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	755	3	summarizes	summarize	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	755	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	755	5	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	755	6	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	755	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	755	8	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	755	9	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	755	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	756	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	756	2	provide	provide	VBP
work_b3ftiyv34jhylmblxzqccxhcby	756	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	756	4	observ-	observ-	NN
work_b3ftiyv34jhylmblxzqccxhcby	756	5	ables	able	NNS
work_b3ftiyv34jhylmblxzqccxhcby	756	6	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	756	7	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	756	8	discriminate	discriminate	VB
work_b3ftiyv34jhylmblxzqccxhcby	756	9	among	among	IN
work_b3ftiyv34jhylmblxzqccxhcby	756	10	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	756	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	756	12	under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	756	13	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	756	14	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	756	15	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	756	16	hypothesis	hypothesis	NN
work_b3ftiyv34jhylmblxzqccxhcby	756	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	756	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	756	19	among	among	IN
work_b3ftiyv34jhylmblxzqccxhcby	756	20	behavioral	behavioral	JJ
work_b3ftiyv34jhylmblxzqccxhcby	756	21	theories	theory	NNS
work_b3ftiyv34jhylmblxzqccxhcby	756	22	as	as	RB
work_b3ftiyv34jhylmblxzqccxhcby	756	23	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	756	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	757	1	High	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	757	2	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	757	3	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	757	4	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	757	5	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	757	6	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	757	7	conditonal	conditonal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	757	8	volatil-	volatil-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	757	9	ity	ity	NN
work_b3ftiyv34jhylmblxzqccxhcby	757	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	757	11	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	757	12	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	757	13	discriminates	discriminate	NNS
work_b3ftiyv34jhylmblxzqccxhcby	757	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	757	15	favor	favor	NN
work_b3ftiyv34jhylmblxzqccxhcby	757	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	757	17	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	757	18	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	757	19	against	against	IN
work_b3ftiyv34jhylmblxzqccxhcby	757	20	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	757	21	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	757	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	757	23	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	757	24	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	757	25	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	757	26	alternative	alternative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	757	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	757	28	DO	DO	NNP
work_b3ftiyv34jhylmblxzqccxhcby	757	29	theories	theory	NNS
work_b3ftiyv34jhylmblxzqccxhcby	757	30	wherein	wherein	WRB
work_b3ftiyv34jhylmblxzqccxhcby	757	31	disagreement	disagreement	NN
work_b3ftiyv34jhylmblxzqccxhcby	757	32	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	757	33	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	757	34	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	757	35	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	757	36	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	757	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	758	1	Furthermore	furthermore	RB
work_b3ftiyv34jhylmblxzqccxhcby	758	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	758	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	758	4	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	758	5	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	758	6	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	758	7	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	758	8	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	758	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	758	10	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	758	11	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	758	12	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	758	13	preclude	preclude	VB
work_b3ftiyv34jhylmblxzqccxhcby	758	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	758	15	validity	validity	NN
work_b3ftiyv34jhylmblxzqccxhcby	758	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	758	17	rational	rational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	758	18	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	758	19	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	758	20	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	758	21	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	758	22	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	758	23	consistent	consistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	758	24	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	758	25	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	758	26	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	758	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	759	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	759	2	find	find	VBP
work_b3ftiyv34jhylmblxzqccxhcby	759	3	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	759	4	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	759	5	fragility	fragility	NN
work_b3ftiyv34jhylmblxzqccxhcby	759	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	759	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	759	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	759	9	sense	sense	NN
work_b3ftiyv34jhylmblxzqccxhcby	759	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	759	11	Greenwood	Greenwood	NNP
work_b3ftiyv34jhylmblxzqccxhcby	759	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	759	13	Thesmar	Thesmar	NNP
work_b3ftiyv34jhylmblxzqccxhcby	759	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	759	15	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	759	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	759	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	759	18	should	should	MD
work_b3ftiyv34jhylmblxzqccxhcby	759	19	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	759	20	associated	associate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	759	21	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	759	22	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	759	23	transacted	transact	VBN
work_b3ftiyv34jhylmblxzqccxhcby	759	24	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	759	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	759	26	divergence	divergence	NN
work_b3ftiyv34jhylmblxzqccxhcby	759	27	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	759	28	opinions	opinion	NNS
work_b3ftiyv34jhylmblxzqccxhcby	759	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	760	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	760	2	addition	addition	NN
work_b3ftiyv34jhylmblxzqccxhcby	760	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	760	4	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	760	5	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	760	6	provides	provide	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	760	7	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	760	8	alternative	alternative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	760	9	interpretation	interpretation	NN
work_b3ftiyv34jhylmblxzqccxhcby	760	10	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	760	11	empirically	empirically	RB
work_b3ftiyv34jhylmblxzqccxhcby	760	12	documented	document	VBN
work_b3ftiyv34jhylmblxzqccxhcby	760	13	regularities	regularity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	760	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	760	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	760	16	patterns	pattern	NNS
work_b3ftiyv34jhylmblxzqccxhcby	760	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	760	18	return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	760	19	autocorrelation	autocorrelation	NN
work_b3ftiyv34jhylmblxzqccxhcby	760	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	761	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	761	2	literature	literature	NN
work_b3ftiyv34jhylmblxzqccxhcby	761	3	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	761	4	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	761	5	recently	recently	RB
work_b3ftiyv34jhylmblxzqccxhcby	761	6	begun	begin	VBN
work_b3ftiyv34jhylmblxzqccxhcby	761	7	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	761	8	in-	in-	XX
work_b3ftiyv34jhylmblxzqccxhcby	761	9	vestigate	vestigate	VB
work_b3ftiyv34jhylmblxzqccxhcby	761	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	761	11	relationship	relationship	NN
work_b3ftiyv34jhylmblxzqccxhcby	761	12	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	761	13	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	761	14	regularities	regularity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	761	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	761	16	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	761	17	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	761	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	761	19	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	761	20	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	761	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	761	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	761	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	761	24	role	role	NN
work_b3ftiyv34jhylmblxzqccxhcby	761	25	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	761	26	HOEs	hoe	NNS
work_b3ftiyv34jhylmblxzqccxhcby	761	27	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	761	28	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	761	29	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	761	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	761	31	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	761	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	761	33	e.g.	e.g.	RB
work_b3ftiyv34jhylmblxzqccxhcby	761	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	761	35	Verardo	Verardo	NNP
work_b3ftiyv34jhylmblxzqccxhcby	761	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	761	37	2009	2009	CD
work_b3ftiyv34jhylmblxzqccxhcby	761	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	761	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	761	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	762	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	762	2	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	762	3	offers	offer	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	762	4	clear	clear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	762	5	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	762	6	predictions	prediction	NNS
work_b3ftiyv34jhylmblxzqccxhcby	762	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	762	8	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	762	9	regard	regard	NN
work_b3ftiyv34jhylmblxzqccxhcby	762	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	762	11	uncovering	uncover	VBG
work_b3ftiyv34jhylmblxzqccxhcby	762	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	762	13	existence	existence	NN
work_b3ftiyv34jhylmblxzqccxhcby	762	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	762	15	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	762	16	types	type	NNS
work_b3ftiyv34jhylmblxzqccxhcby	762	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	762	18	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	762	19	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	762	20	very	very	RB
work_b3ftiyv34jhylmblxzqccxhcby	762	21	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	762	22	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	762	23	properties	property	NNS
work_b3ftiyv34jhylmblxzqccxhcby	762	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	763	1	These	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	763	2	findings	finding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	763	3	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	763	4	guide	guide	VB
work_b3ftiyv34jhylmblxzqccxhcby	763	5	further	further	JJ
work_b3ftiyv34jhylmblxzqccxhcby	763	6	research	research	NN
work_b3ftiyv34jhylmblxzqccxhcby	763	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	763	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	763	9	empirical	empirical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	763	10	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	763	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	763	12	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	763	13	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	763	14	anomalies	anomaly	NNS
work_b3ftiyv34jhylmblxzqccxhcby	763	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	764	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	764	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	764	3	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	764	4	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	764	5	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	764	6	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	764	7	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	764	9	forces	force	NNS
work_b3ftiyv34jhylmblxzqccxhcby	764	10	behind	behind	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	11	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	12	meltdowns	meltdown	NNS
work_b3ftiyv34jhylmblxzqccxhcby	764	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	764	14	enable	enable	VB
work_b3ftiyv34jhylmblxzqccxhcby	764	15	us	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	764	16	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	764	17	offer	offer	VB
work_b3ftiyv34jhylmblxzqccxhcby	764	18	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	764	19	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	20	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	764	21	alternative	alternative	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	22	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	23	explanations	explanation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	764	24	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	764	25	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	26	limits	limit	NNS
work_b3ftiyv34jhylmblxzqccxhcby	764	27	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	764	28	arbitrage	arbitrage	VB
work_b3ftiyv34jhylmblxzqccxhcby	764	29	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	30	—	—	:
work_b3ftiyv34jhylmblxzqccxhcby	764	31	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	764	32	accounting	accounting	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	33	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	34	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	764	35	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	764	36	crisis	crisis	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	37	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	38	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	764	39	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	40	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	764	41	transition	transition	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	42	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	43	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	764	44	high-	high-	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	45	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	46	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	764	47	low-	low-	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	48	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	49	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	50	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	51	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	52	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	53	sudden	sudden	JJ
work_b3ftiyv34jhylmblxzqccxhcby	764	54	changes	change	NNS
work_b3ftiyv34jhylmblxzqccxhcby	764	55	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	56	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	764	57	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	58	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	59	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	60	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	61	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	764	62	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	63	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	764	64	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	65	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	764	66	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	764	67	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	764	68	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	765	1	References	References	NNP
work_b3ftiyv34jhylmblxzqccxhcby	765	2	Admati	Admati	NNP
work_b3ftiyv34jhylmblxzqccxhcby	765	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	765	4	A.	a.	NN
work_b3ftiyv34jhylmblxzqccxhcby	765	5	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	765	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	765	7	1985	1985	CD
work_b3ftiyv34jhylmblxzqccxhcby	765	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	765	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	766	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	766	2	noisy	noisy	JJ
work_b3ftiyv34jhylmblxzqccxhcby	766	3	rational	rational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	766	4	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	766	5	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	766	6	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	766	7	multi	multi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	766	8	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	766	9	asset	asset	JJ
work_b3ftiyv34jhylmblxzqccxhcby	766	10	secu-	secu-	NN
work_b3ftiyv34jhylmblxzqccxhcby	766	11	rities	ritie	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	766	12	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	766	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	767	1	Econometrica	Econometrica	NNP
work_b3ftiyv34jhylmblxzqccxhcby	767	2	53	53	CD
work_b3ftiyv34jhylmblxzqccxhcby	767	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	767	4	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	767	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	767	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	767	7	629–657	629–657	CD
work_b3ftiyv34jhylmblxzqccxhcby	767	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	768	1	48	48	CD
work_b3ftiyv34jhylmblxzqccxhcby	768	2	Admati	Admati	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	768	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	768	4	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	768	5	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	768	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	768	7	P.	P.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	768	8	Pfleiderer	Pfleiderer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	768	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	768	10	1988	1988	CD
work_b3ftiyv34jhylmblxzqccxhcby	768	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	768	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	769	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	769	2	theory	theory	NN
work_b3ftiyv34jhylmblxzqccxhcby	769	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	769	4	intraday	intraday	NN
work_b3ftiyv34jhylmblxzqccxhcby	769	5	patterns	pattern	NNS
work_b3ftiyv34jhylmblxzqccxhcby	769	6	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	769	7	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	769	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	769	9	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	769	10	variability	variability	NN
work_b3ftiyv34jhylmblxzqccxhcby	769	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	770	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	770	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	770	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	770	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	770	5	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	770	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	770	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	770	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	770	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	770	10	3–40	3–40	CD
work_b3ftiyv34jhylmblxzqccxhcby	770	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	771	1	Albagli	Albagli	NNP
work_b3ftiyv34jhylmblxzqccxhcby	771	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	771	3	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	771	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	771	5	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	771	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	771	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	772	1	Amplification	amplification	NN
work_b3ftiyv34jhylmblxzqccxhcby	772	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	772	3	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	772	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	772	5	illiquid	illiquid	JJ
work_b3ftiyv34jhylmblxzqccxhcby	772	6	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	772	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	773	1	Working	Working	NNP
work_b3ftiyv34jhylmblxzqccxhcby	773	2	Paper	Paper	NNP
work_b3ftiyv34jhylmblxzqccxhcby	773	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	774	1	Allen	Allen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	774	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	774	3	F.	F.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	774	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	774	5	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	774	6	Morris	Morris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	774	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	774	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	774	9	H.	H.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	774	10	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	774	11	Shin	Shin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	774	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	774	13	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	774	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	774	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	775	1	Beauty	beauty	NN
work_b3ftiyv34jhylmblxzqccxhcby	775	2	contests	contest	NNS
work_b3ftiyv34jhylmblxzqccxhcby	775	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	775	4	iterated	iterated	JJ
work_b3ftiyv34jhylmblxzqccxhcby	775	5	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	775	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	775	7	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	775	8	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	775	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	776	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	776	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	776	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	776	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	776	5	19	19	CD
work_b3ftiyv34jhylmblxzqccxhcby	776	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	776	7	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	776	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	776	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	776	10	719–752	719–752	CD
work_b3ftiyv34jhylmblxzqccxhcby	776	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	777	1	Avdis	Avdis	NNP
work_b3ftiyv34jhylmblxzqccxhcby	777	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	777	3	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	777	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	777	5	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	777	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	777	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	778	1	Information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	778	2	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	778	3	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	778	4	offs	off	NNS
work_b3ftiyv34jhylmblxzqccxhcby	778	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	778	6	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	778	7	financial	financial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	778	8	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	778	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	779	1	Working	Working	NNP
work_b3ftiyv34jhylmblxzqccxhcby	779	2	Paper	Paper	NNP
work_b3ftiyv34jhylmblxzqccxhcby	779	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	780	1	Bacchetta	Bacchetta	NNP
work_b3ftiyv34jhylmblxzqccxhcby	780	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	780	3	P.	P.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	780	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	780	5	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	780	6	van	van	NNP
work_b3ftiyv34jhylmblxzqccxhcby	780	7	Wincoop	Wincoop	NNP
work_b3ftiyv34jhylmblxzqccxhcby	780	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	780	9	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	780	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	780	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	781	1	Can	Can	MD
work_b3ftiyv34jhylmblxzqccxhcby	781	2	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	781	3	heterogeneity	heterogeneity	NN
work_b3ftiyv34jhylmblxzqccxhcby	781	4	explain	explain	VB
work_b3ftiyv34jhylmblxzqccxhcby	781	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	781	6	exchange	exchange	NN
work_b3ftiyv34jhylmblxzqccxhcby	781	7	rate	rate	NN
work_b3ftiyv34jhylmblxzqccxhcby	781	8	determination	determination	NN
work_b3ftiyv34jhylmblxzqccxhcby	781	9	puzzle	puzzle	NN
work_b3ftiyv34jhylmblxzqccxhcby	781	10	?	?	.
work_b3ftiyv34jhylmblxzqccxhcby	782	1	American	American	NNP
work_b3ftiyv34jhylmblxzqccxhcby	782	2	Economic	Economic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	782	3	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	782	4	96	96	CD
work_b3ftiyv34jhylmblxzqccxhcby	782	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	782	6	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	782	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	782	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	782	9	552–576	552–576	CD
work_b3ftiyv34jhylmblxzqccxhcby	782	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	783	1	Bacchetta	Bacchetta	NNP
work_b3ftiyv34jhylmblxzqccxhcby	783	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	783	3	P.	P.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	783	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	783	5	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	783	6	van	van	NNP
work_b3ftiyv34jhylmblxzqccxhcby	783	7	Wincoop	Wincoop	NNP
work_b3ftiyv34jhylmblxzqccxhcby	783	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	783	9	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	783	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	783	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	784	1	Higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	784	2	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	784	3	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	784	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	784	5	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	784	6	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	784	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	785	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	785	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	785	3	Money	Money	NNP
work_b3ftiyv34jhylmblxzqccxhcby	785	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	785	5	Credit	Credit	NNP
work_b3ftiyv34jhylmblxzqccxhcby	785	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	785	7	Banking	Banking	NNP
work_b3ftiyv34jhylmblxzqccxhcby	785	8	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	785	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	785	10	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	785	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	785	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	785	13	837–866	837–866	CD
work_b3ftiyv34jhylmblxzqccxhcby	785	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	786	1	Banerjee	Banerjee	NNP
work_b3ftiyv34jhylmblxzqccxhcby	786	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	786	3	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	786	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	786	5	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	786	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	786	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	787	1	Learning	learn	VBG
work_b3ftiyv34jhylmblxzqccxhcby	787	2	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	787	3	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	787	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	787	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	787	6	dispersion	dispersion	NN
work_b3ftiyv34jhylmblxzqccxhcby	787	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	787	8	beliefs	belief	NNS
work_b3ftiyv34jhylmblxzqccxhcby	787	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	788	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	788	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	788	3	Fi-	Fi-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	788	4	nancial	nancial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	788	5	Studies	study	NNS
work_b3ftiyv34jhylmblxzqccxhcby	788	6	24	24	CD
work_b3ftiyv34jhylmblxzqccxhcby	788	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	788	8	9	9	CD
work_b3ftiyv34jhylmblxzqccxhcby	788	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	788	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	788	11	3025–3068	3025–3068	CD
work_b3ftiyv34jhylmblxzqccxhcby	788	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	789	1	Banerjee	Banerjee	NNP
work_b3ftiyv34jhylmblxzqccxhcby	789	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	789	3	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	789	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	789	5	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	789	6	Kaniel	Kaniel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	789	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	789	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	789	9	I.	I.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	789	10	Kremer	Kremer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	789	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	789	12	2009	2009	CD
work_b3ftiyv34jhylmblxzqccxhcby	789	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	789	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	790	1	Price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	790	2	drift	drift	NN
work_b3ftiyv34jhylmblxzqccxhcby	790	3	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	790	4	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	790	5	outcome	outcome	NN
work_b3ftiyv34jhylmblxzqccxhcby	790	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	790	7	differences	difference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	790	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	790	9	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	790	10	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	790	11	beliefs	belief	NNS
work_b3ftiyv34jhylmblxzqccxhcby	790	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	791	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	791	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	791	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	791	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	791	5	22	22	CD
work_b3ftiyv34jhylmblxzqccxhcby	791	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	791	7	9	9	CD
work_b3ftiyv34jhylmblxzqccxhcby	791	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	791	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	791	10	3707–3734	3707–3734	CD
work_b3ftiyv34jhylmblxzqccxhcby	791	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	792	1	Barlevy	Barlevy	NNP
work_b3ftiyv34jhylmblxzqccxhcby	792	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	792	3	G.	G.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	792	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	792	5	P.	P.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	792	6	Veronesi	Veronesi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	792	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	792	8	2003	2003	CD
work_b3ftiyv34jhylmblxzqccxhcby	792	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	792	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	793	1	Rational	rational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	793	2	panics	panic	NNS
work_b3ftiyv34jhylmblxzqccxhcby	793	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	793	4	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	793	5	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	793	6	crashes	crash	NNS
work_b3ftiyv34jhylmblxzqccxhcby	793	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	794	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	794	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	794	3	Economic	Economic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	794	4	Theory	Theory	NNP
work_b3ftiyv34jhylmblxzqccxhcby	794	5	110	110	CD
work_b3ftiyv34jhylmblxzqccxhcby	794	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	794	7	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	794	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	794	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	794	10	234–263	234–263	CD
work_b3ftiyv34jhylmblxzqccxhcby	794	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	795	1	Berry	Berry	NNP
work_b3ftiyv34jhylmblxzqccxhcby	795	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	795	3	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	795	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	795	5	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	795	6	Tamer	Tamer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	795	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	795	8	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	795	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	795	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	796	1	Identification	identification	NN
work_b3ftiyv34jhylmblxzqccxhcby	796	2	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	796	3	Models	Models	NNP
work_b3ftiyv34jhylmblxzqccxhcby	796	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	796	5	Oligopoly	Oligopoly	NNP
work_b3ftiyv34jhylmblxzqccxhcby	796	6	Entry	Entry	NNP
work_b3ftiyv34jhylmblxzqccxhcby	796	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	796	8	Volume	Volume	NNP
work_b3ftiyv34jhylmblxzqccxhcby	796	9	Advances	Advances	NNP
work_b3ftiyv34jhylmblxzqccxhcby	796	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	796	11	Economics	Economics	NNP
work_b3ftiyv34jhylmblxzqccxhcby	796	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	796	13	Econometrics	Econometrics	NNP
work_b3ftiyv34jhylmblxzqccxhcby	796	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	797	1	Cambridge	Cambridge	NNP
work_b3ftiyv34jhylmblxzqccxhcby	797	2	University	University	NNP
work_b3ftiyv34jhylmblxzqccxhcby	797	3	Press	Press	NNP
work_b3ftiyv34jhylmblxzqccxhcby	797	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	798	1	Biais	Biais	NNP
work_b3ftiyv34jhylmblxzqccxhcby	798	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	798	3	B.	B.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	798	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	798	5	P.	P.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	798	6	Bossaerts	Bossaerts	NNP
work_b3ftiyv34jhylmblxzqccxhcby	798	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	798	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	798	9	C.	C.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	798	10	Spatt	Spatt	NNP
work_b3ftiyv34jhylmblxzqccxhcby	798	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	798	12	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	798	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	798	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	799	1	Equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	799	2	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	799	3	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	799	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	799	5	portfolio	portfolio	NN
work_b3ftiyv34jhylmblxzqccxhcby	799	6	choice	choice	NN
work_b3ftiyv34jhylmblxzqccxhcby	799	7	under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	799	8	asymmetric	asymmetric	JJ
work_b3ftiyv34jhylmblxzqccxhcby	799	9	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	799	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	800	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	800	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	800	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	800	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	800	5	23	23	CD
work_b3ftiyv34jhylmblxzqccxhcby	800	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	800	7	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	800	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	800	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	800	10	1503	1503	CD
work_b3ftiyv34jhylmblxzqccxhcby	800	11	–	–	:
work_b3ftiyv34jhylmblxzqccxhcby	800	12	1543	1543	CD
work_b3ftiyv34jhylmblxzqccxhcby	800	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	801	1	Bond	Bond	NNP
work_b3ftiyv34jhylmblxzqccxhcby	801	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	801	3	P.	P.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	801	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	801	5	I.	I.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	801	6	Goldstein	Goldstein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	801	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	801	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	801	9	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	801	10	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	801	11	Prescott	Prescott	NNP
work_b3ftiyv34jhylmblxzqccxhcby	801	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	801	13	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	801	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	801	15	February	February	NNP
work_b3ftiyv34jhylmblxzqccxhcby	801	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	801	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	802	1	Market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	802	2	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	802	3	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	802	4	corrective	corrective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	802	5	actions	action	NNS
work_b3ftiyv34jhylmblxzqccxhcby	802	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	803	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	803	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	803	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	803	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	803	5	23	23	CD
work_b3ftiyv34jhylmblxzqccxhcby	803	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	803	7	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	803	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	803	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	803	10	781–820	781–820	CD
work_b3ftiyv34jhylmblxzqccxhcby	803	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	804	1	Brown	Brown	NNP
work_b3ftiyv34jhylmblxzqccxhcby	804	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	804	3	D.	D.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	804	4	P.	P.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	804	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	804	6	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	804	7	H.	H.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	804	8	Jennings	Jennings	NNP
work_b3ftiyv34jhylmblxzqccxhcby	804	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	804	10	1989	1989	CD
work_b3ftiyv34jhylmblxzqccxhcby	804	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	804	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	805	1	On	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	805	2	technical	technical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	805	3	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	805	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	806	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	806	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	806	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	806	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	806	5	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	806	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	806	7	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	806	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	806	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	806	10	527–551	527–551	CD
work_b3ftiyv34jhylmblxzqccxhcby	806	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	807	1	Campbell	Campbell	NNP
work_b3ftiyv34jhylmblxzqccxhcby	807	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	807	3	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	807	4	Y.	Y.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	807	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	807	6	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	807	7	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	807	8	Kyle	Kyle	NNP
work_b3ftiyv34jhylmblxzqccxhcby	807	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	807	10	1993	1993	CD
work_b3ftiyv34jhylmblxzqccxhcby	807	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	807	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	808	1	Smart	smart	JJ
work_b3ftiyv34jhylmblxzqccxhcby	808	2	money	money	NN
work_b3ftiyv34jhylmblxzqccxhcby	808	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	808	4	noise	noise	NN
work_b3ftiyv34jhylmblxzqccxhcby	808	5	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	808	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	808	7	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	808	8	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	808	9	behaviour	behaviour	NN
work_b3ftiyv34jhylmblxzqccxhcby	808	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	809	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	809	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	809	3	Economic	Economic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	809	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	809	5	60	60	CD
work_b3ftiyv34jhylmblxzqccxhcby	809	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	809	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	809	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	809	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	809	10	1–34	1–34	CD
work_b3ftiyv34jhylmblxzqccxhcby	809	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	810	1	Cella	Cella	NNP
work_b3ftiyv34jhylmblxzqccxhcby	810	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	810	3	C.	C.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	810	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	810	5	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	810	6	Ellul	Ellul	NNP
work_b3ftiyv34jhylmblxzqccxhcby	810	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	810	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	810	9	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	810	10	Giannetti	Giannetti	NNP
work_b3ftiyv34jhylmblxzqccxhcby	810	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	810	12	2013	2013	CD
work_b3ftiyv34jhylmblxzqccxhcby	810	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	810	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	811	1	Investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	811	2	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	811	3	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	811	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	811	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	811	6	amplification	amplification	NN
work_b3ftiyv34jhylmblxzqccxhcby	811	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	811	8	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	811	9	shocks	shock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	811	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	812	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	812	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	812	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	812	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	812	5	26	26	CD
work_b3ftiyv34jhylmblxzqccxhcby	812	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	812	7	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	812	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	812	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	812	10	1607–1648	1607–1648	CD
work_b3ftiyv34jhylmblxzqccxhcby	812	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	813	1	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	813	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	813	3	G.	G.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	813	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	813	5	2002	2002	CD
work_b3ftiyv34jhylmblxzqccxhcby	813	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	813	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	814	1	Short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	814	2	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	814	3	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	814	4	investment	investment	NN
work_b3ftiyv34jhylmblxzqccxhcby	814	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	814	6	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	814	7	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	814	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	815	1	European	European	NNP
work_b3ftiyv34jhylmblxzqccxhcby	815	2	Eco-	Eco-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	815	3	nomic	nomic	NN
work_b3ftiyv34jhylmblxzqccxhcby	815	4	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	815	5	46	46	CD
work_b3ftiyv34jhylmblxzqccxhcby	815	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	815	7	9	9	CD
work_b3ftiyv34jhylmblxzqccxhcby	815	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	815	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	815	10	1645–1670	1645–1670	CD
work_b3ftiyv34jhylmblxzqccxhcby	815	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	816	1	49	49	CD
work_b3ftiyv34jhylmblxzqccxhcby	816	2	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	816	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	816	4	G.	G.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	816	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	816	6	2005	2005	CD
work_b3ftiyv34jhylmblxzqccxhcby	816	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	816	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	817	1	Giffen	Giffen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	817	2	goods	good	NNS
work_b3ftiyv34jhylmblxzqccxhcby	817	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	817	4	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	817	5	making	making	NN
work_b3ftiyv34jhylmblxzqccxhcby	817	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	818	1	Economic	Economic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	818	2	Theory	Theory	NNP
work_b3ftiyv34jhylmblxzqccxhcby	818	3	25	25	CD
work_b3ftiyv34jhylmblxzqccxhcby	818	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	818	5	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	818	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	818	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	818	8	983–997	983–997	CD
work_b3ftiyv34jhylmblxzqccxhcby	818	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	819	1	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	819	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	819	3	G.	G.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	819	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	819	5	X.	X.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	819	6	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	819	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	819	8	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	819	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	819	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	820	1	Dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	820	2	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	820	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	820	4	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	820	5	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	820	6	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	820	7	Keynes	Keynes	NNP
work_b3ftiyv34jhylmblxzqccxhcby	820	8	vs.	vs.	IN
work_b3ftiyv34jhylmblxzqccxhcby	820	9	Hayek	Hayek	NNP
work_b3ftiyv34jhylmblxzqccxhcby	820	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	821	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	821	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	821	3	Economic	Economic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	821	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	821	5	79	79	CD
work_b3ftiyv34jhylmblxzqccxhcby	821	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	821	7	539–580	539–580	CD
work_b3ftiyv34jhylmblxzqccxhcby	821	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	822	1	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	822	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	822	3	G.	G.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	822	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	822	5	X.	X.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	822	6	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	822	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	822	8	2014	2014	CD
work_b3ftiyv34jhylmblxzqccxhcby	822	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	822	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	823	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	823	2	welfare	welfare	NN
work_b3ftiyv34jhylmblxzqccxhcby	823	3	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	823	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	823	5	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	823	6	frequency	frequency	NN
work_b3ftiyv34jhylmblxzqccxhcby	823	7	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	823	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	824	1	Working	Working	NNP
work_b3ftiyv34jhylmblxzqccxhcby	824	2	Paper	Paper	NNP
work_b3ftiyv34jhylmblxzqccxhcby	824	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	825	1	Chen	Chen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	825	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	825	3	Q.	Q.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	825	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	825	5	Z.	Z.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	825	6	Huang	Huang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	825	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	825	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	825	9	Y.	Y.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	825	10	Zhang	Zhang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	825	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	825	12	2014	2014	CD
work_b3ftiyv34jhylmblxzqccxhcby	825	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	825	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	826	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	826	2	effects	effect	NNS
work_b3ftiyv34jhylmblxzqccxhcby	826	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	826	4	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	826	5	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	826	6	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	826	7	asym-	asym-	NN
work_b3ftiyv34jhylmblxzqccxhcby	826	8	metrically	metrically	RB
work_b3ftiyv34jhylmblxzqccxhcby	826	9	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	826	10	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	826	11	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	826	12	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	826	13	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	826	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	827	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	827	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	827	3	Accounting	Accounting	NNP
work_b3ftiyv34jhylmblxzqccxhcby	827	4	Research	Research	NNP
work_b3ftiyv34jhylmblxzqccxhcby	827	5	52	52	CD
work_b3ftiyv34jhylmblxzqccxhcby	827	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	827	7	635–669	635–669	CD
work_b3ftiyv34jhylmblxzqccxhcby	827	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	828	1	Chevalier	Chevalier	NNP
work_b3ftiyv34jhylmblxzqccxhcby	828	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	828	3	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	828	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	828	5	G.	G.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	828	6	Ellison	Ellison	NNP
work_b3ftiyv34jhylmblxzqccxhcby	828	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	828	8	1997	1997	CD
work_b3ftiyv34jhylmblxzqccxhcby	828	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	828	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	829	1	Risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	829	2	taking	take	VBG
work_b3ftiyv34jhylmblxzqccxhcby	829	3	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	829	4	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	829	5	funds	fund	NNS
work_b3ftiyv34jhylmblxzqccxhcby	829	6	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	829	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	829	8	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	829	9	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	829	10	incentives	incentive	NNS
work_b3ftiyv34jhylmblxzqccxhcby	829	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	830	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	830	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	830	3	Political	Political	NNP
work_b3ftiyv34jhylmblxzqccxhcby	830	4	Economy	Economy	NNP
work_b3ftiyv34jhylmblxzqccxhcby	830	5	105	105	CD
work_b3ftiyv34jhylmblxzqccxhcby	830	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	830	7	1167–1200	1167–1200	CD
work_b3ftiyv34jhylmblxzqccxhcby	830	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	831	1	Chordia	Chordia	NNP
work_b3ftiyv34jhylmblxzqccxhcby	831	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	831	3	T.	T.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	831	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	831	5	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	831	6	Roll	Roll	NNP
work_b3ftiyv34jhylmblxzqccxhcby	831	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	831	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	831	9	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	831	10	Subrahmanyam	Subrahmanyam	NNP
work_b3ftiyv34jhylmblxzqccxhcby	831	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	831	12	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	831	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	831	14	February	February	NNP
work_b3ftiyv34jhylmblxzqccxhcby	831	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	831	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	832	1	Liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	832	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	832	3	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	832	4	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	832	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	833	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	833	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	833	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	833	4	Economics	Economics	NNP
work_b3ftiyv34jhylmblxzqccxhcby	833	5	87	87	CD
work_b3ftiyv34jhylmblxzqccxhcby	833	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	833	7	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	833	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	833	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	833	10	249–268	249–268	CD
work_b3ftiyv34jhylmblxzqccxhcby	833	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	834	1	Chordia	Chordia	NNP
work_b3ftiyv34jhylmblxzqccxhcby	834	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	834	3	T.	t.	NN
work_b3ftiyv34jhylmblxzqccxhcby	834	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	834	5	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	834	6	Subrahmanyam	Subrahmanyam	NNP
work_b3ftiyv34jhylmblxzqccxhcby	834	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	834	8	2004	2004	CD
work_b3ftiyv34jhylmblxzqccxhcby	834	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	834	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	835	1	Order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	835	2	imbalance	imbalance	NN
work_b3ftiyv34jhylmblxzqccxhcby	835	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	835	4	individual	individual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	835	5	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	835	6	re-	re-	RB
work_b3ftiyv34jhylmblxzqccxhcby	835	7	turns	turn	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	835	8	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	835	9	Theory	theory	NN
work_b3ftiyv34jhylmblxzqccxhcby	835	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	835	11	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	835	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	836	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	836	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	836	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	836	4	Economics	Economics	NNP
work_b3ftiyv34jhylmblxzqccxhcby	836	5	72	72	CD
work_b3ftiyv34jhylmblxzqccxhcby	836	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	836	7	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	836	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	836	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	836	10	485–518	485–518	CD
work_b3ftiyv34jhylmblxzqccxhcby	836	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	837	1	Ciliberto	Ciliberto	NNP
work_b3ftiyv34jhylmblxzqccxhcby	837	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	837	3	F.	F.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	837	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	837	5	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	837	6	Tamer	Tamer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	837	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	837	8	2009	2009	CD
work_b3ftiyv34jhylmblxzqccxhcby	837	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	837	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	838	1	Market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	838	2	structure	structure	NN
work_b3ftiyv34jhylmblxzqccxhcby	838	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	838	4	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	838	5	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	838	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	838	7	airline	airline	NN
work_b3ftiyv34jhylmblxzqccxhcby	838	8	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	838	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	839	1	Econometrica	Econometrica	NNP
work_b3ftiyv34jhylmblxzqccxhcby	839	2	77	77	CD
work_b3ftiyv34jhylmblxzqccxhcby	839	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	839	4	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	839	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	839	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	839	7	1791–1828	1791–1828	CD
work_b3ftiyv34jhylmblxzqccxhcby	839	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	840	1	Coval	Coval	NNP
work_b3ftiyv34jhylmblxzqccxhcby	840	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	840	3	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	840	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	840	5	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	840	6	Stafford	Stafford	NNP
work_b3ftiyv34jhylmblxzqccxhcby	840	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	840	8	2007	2007	CD
work_b3ftiyv34jhylmblxzqccxhcby	840	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	840	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	841	1	Asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	841	2	fire	fire	NN
work_b3ftiyv34jhylmblxzqccxhcby	841	3	sales	sale	NNS
work_b3ftiyv34jhylmblxzqccxhcby	841	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	841	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	841	6	purchases	purchase	NNS
work_b3ftiyv34jhylmblxzqccxhcby	841	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	841	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	841	9	equity	equity	NN
work_b3ftiyv34jhylmblxzqccxhcby	841	10	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	841	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	842	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	842	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	842	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	842	4	Economics	Economics	NNP
work_b3ftiyv34jhylmblxzqccxhcby	842	5	86	86	CD
work_b3ftiyv34jhylmblxzqccxhcby	842	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	842	7	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	842	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	842	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	842	10	479–512	479–512	CD
work_b3ftiyv34jhylmblxzqccxhcby	842	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	843	1	Daniel	Daniel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	843	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	843	3	K.	K.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	843	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	843	5	D.	D.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	843	6	Hirshleifer	Hirshleifer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	843	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	843	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	843	9	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	843	10	Subrahmanyam	Subrahmanyam	NNP
work_b3ftiyv34jhylmblxzqccxhcby	843	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	843	12	1998	1998	CD
work_b3ftiyv34jhylmblxzqccxhcby	843	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	843	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	844	1	Investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	844	2	psychology	psychology	NN
work_b3ftiyv34jhylmblxzqccxhcby	844	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	844	4	security	security	NN
work_b3ftiyv34jhylmblxzqccxhcby	844	5	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	844	6	under-	under-	NN
work_b3ftiyv34jhylmblxzqccxhcby	844	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	844	8	overreactions	overreaction	NNS
work_b3ftiyv34jhylmblxzqccxhcby	844	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	845	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	845	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	845	3	Finance	Finance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	845	4	53	53	CD
work_b3ftiyv34jhylmblxzqccxhcby	845	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	845	6	1839–1884	1839–1884	CD
work_b3ftiyv34jhylmblxzqccxhcby	845	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	846	1	Dennert	Dennert	NNP
work_b3ftiyv34jhylmblxzqccxhcby	846	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	846	3	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	847	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	847	2	1991	1991	CD
work_b3ftiyv34jhylmblxzqccxhcby	847	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	847	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	848	1	Insider	insider	NN
work_b3ftiyv34jhylmblxzqccxhcby	848	2	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	848	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	848	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	848	5	cost	cost	NN
work_b3ftiyv34jhylmblxzqccxhcby	848	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	848	7	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	848	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	848	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	848	10	multi	multi	JJ
work_b3ftiyv34jhylmblxzqccxhcby	848	11	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	848	12	period	period	JJ
work_b3ftiyv34jhylmblxzqccxhcby	848	13	economy	economy	NN
work_b3ftiyv34jhylmblxzqccxhcby	848	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	849	1	London	London	NNP
work_b3ftiyv34jhylmblxzqccxhcby	849	2	School	School	NNP
work_b3ftiyv34jhylmblxzqccxhcby	849	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	849	4	Economics	Economics	NNP
work_b3ftiyv34jhylmblxzqccxhcby	849	5	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	849	6	Market	Market	NNP
work_b3ftiyv34jhylmblxzqccxhcby	849	7	Group	Group	NNP
work_b3ftiyv34jhylmblxzqccxhcby	849	8	Discussion	Discussion	NNP
work_b3ftiyv34jhylmblxzqccxhcby	849	9	Paper	Paper	NNP
work_b3ftiyv34jhylmblxzqccxhcby	849	10	128	128	CD
work_b3ftiyv34jhylmblxzqccxhcby	849	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	850	1	Dow	Dow	NNP
work_b3ftiyv34jhylmblxzqccxhcby	850	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	850	3	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	851	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	851	2	2005	2005	CD
work_b3ftiyv34jhylmblxzqccxhcby	851	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	851	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	852	1	Self	self	NN
work_b3ftiyv34jhylmblxzqccxhcby	852	2	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	852	3	sustaining	sustain	VBG
work_b3ftiyv34jhylmblxzqccxhcby	852	4	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	852	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	852	6	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	852	7	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	852	8	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	852	9	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	852	10	asymmetric	asymmetric	NNP
work_b3ftiyv34jhylmblxzqccxhcby	852	11	informa-	informa-	NN
work_b3ftiyv34jhylmblxzqccxhcby	852	12	tion	tion	NN
work_b3ftiyv34jhylmblxzqccxhcby	852	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	853	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	853	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	853	3	Business	Business	NNP
work_b3ftiyv34jhylmblxzqccxhcby	853	4	77	77	CD
work_b3ftiyv34jhylmblxzqccxhcby	853	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	853	6	895–908	895–908	CD
work_b3ftiyv34jhylmblxzqccxhcby	853	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	853	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	854	1	Dow	Dow	NNP
work_b3ftiyv34jhylmblxzqccxhcby	854	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	854	3	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	854	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	854	5	I.	I.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	854	6	Goldstein	Goldstein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	854	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	854	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	854	9	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	854	10	Guembel	Guembel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	854	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	854	12	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	854	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	854	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	855	1	Incentives	incentive	NNS
work_b3ftiyv34jhylmblxzqccxhcby	855	2	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	855	3	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	855	4	production	production	NN
work_b3ftiyv34jhylmblxzqccxhcby	855	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	855	6	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	855	7	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	855	8	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	855	9	affect	affect	VBP
work_b3ftiyv34jhylmblxzqccxhcby	855	10	real	real	JJ
work_b3ftiyv34jhylmblxzqccxhcby	855	11	investment	investment	NN
work_b3ftiyv34jhylmblxzqccxhcby	855	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	856	1	Working	Working	NNP
work_b3ftiyv34jhylmblxzqccxhcby	856	2	Paper	Paper	NNP
work_b3ftiyv34jhylmblxzqccxhcby	856	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	857	1	Dow	Dow	NNP
work_b3ftiyv34jhylmblxzqccxhcby	857	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	857	3	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	857	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	857	5	G.	G.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	857	6	Gorton	Gorton	NNP
work_b3ftiyv34jhylmblxzqccxhcby	857	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	857	8	1994	1994	CD
work_b3ftiyv34jhylmblxzqccxhcby	857	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	857	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	858	1	Arbitrage	arbitrage	NN
work_b3ftiyv34jhylmblxzqccxhcby	858	2	chains	chain	NNS
work_b3ftiyv34jhylmblxzqccxhcby	858	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	859	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	859	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	859	3	Finance	Finance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	859	4	49	49	CD
work_b3ftiyv34jhylmblxzqccxhcby	859	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	859	6	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	859	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	859	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	859	9	819–49	819–49	CD
work_b3ftiyv34jhylmblxzqccxhcby	859	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	860	1	Duffie	Duffie	NNP
work_b3ftiyv34jhylmblxzqccxhcby	860	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	860	3	D.	D.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	860	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	860	5	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	860	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	860	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	861	1	Presidential	presidential	JJ
work_b3ftiyv34jhylmblxzqccxhcby	861	2	address	address	NN
work_b3ftiyv34jhylmblxzqccxhcby	861	3	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	861	4	Asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	861	5	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	861	6	dynamics	dynamic	NNS
work_b3ftiyv34jhylmblxzqccxhcby	861	7	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	861	8	slow	slow	RB
work_b3ftiyv34jhylmblxzqccxhcby	861	9	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	861	10	moving	move	VBG
work_b3ftiyv34jhylmblxzqccxhcby	861	11	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	861	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	862	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	862	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	862	3	Finance	Finance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	862	4	65	65	CD
work_b3ftiyv34jhylmblxzqccxhcby	862	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	862	6	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	862	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	862	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	862	9	1237–1267	1237–1267	CD
work_b3ftiyv34jhylmblxzqccxhcby	862	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	863	1	Easley	Easley	NNP
work_b3ftiyv34jhylmblxzqccxhcby	863	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	863	3	D.	D.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	863	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	863	5	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	863	6	Hvidkjaer	Hvidkjaer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	863	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	863	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	863	9	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	863	10	O’Hara	O’Hara	NNP
work_b3ftiyv34jhylmblxzqccxhcby	863	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	863	12	2002	2002	CD
work_b3ftiyv34jhylmblxzqccxhcby	863	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	863	14	October	October	NNP
work_b3ftiyv34jhylmblxzqccxhcby	863	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	863	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	864	1	Is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	864	2	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	864	3	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	864	4	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	864	5	deter-	deter-	NN
work_b3ftiyv34jhylmblxzqccxhcby	864	6	minant	minant	NN
work_b3ftiyv34jhylmblxzqccxhcby	864	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	864	8	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	864	9	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	864	10	?	?	.
work_b3ftiyv34jhylmblxzqccxhcby	865	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	865	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	865	3	Finance	Finance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	865	4	57	57	CD
work_b3ftiyv34jhylmblxzqccxhcby	865	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	865	6	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	865	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	865	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	865	9	2185–2221	2185–2221	CD
work_b3ftiyv34jhylmblxzqccxhcby	865	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	866	1	50	50	CD
work_b3ftiyv34jhylmblxzqccxhcby	866	2	Echenique	Echenique	NNP
work_b3ftiyv34jhylmblxzqccxhcby	866	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	866	4	F.	F.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	866	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	866	6	I.	I.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	866	7	Komunjer	Komunjer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	866	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	866	9	2009	2009	CD
work_b3ftiyv34jhylmblxzqccxhcby	866	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	866	11	07	07	CD
work_b3ftiyv34jhylmblxzqccxhcby	866	12	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	866	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	867	1	Testing	testing	NN
work_b3ftiyv34jhylmblxzqccxhcby	867	2	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	867	3	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	867	4	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	867	5	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	867	6	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	867	7	quantile	quantile	NN
work_b3ftiyv34jhylmblxzqccxhcby	867	8	methods	method	NNS
work_b3ftiyv34jhylmblxzqccxhcby	867	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	868	1	Econometrica	Econometrica	NNP
work_b3ftiyv34jhylmblxzqccxhcby	868	2	77	77	CD
work_b3ftiyv34jhylmblxzqccxhcby	868	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	868	4	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	868	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	868	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	868	7	1281–1297	1281–1297	CD
work_b3ftiyv34jhylmblxzqccxhcby	868	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	869	1	Foucault	Foucault	NNP
work_b3ftiyv34jhylmblxzqccxhcby	869	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	869	3	T.	T.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	869	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	869	5	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	869	6	Pagano	Pagano	NNP
work_b3ftiyv34jhylmblxzqccxhcby	869	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	869	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	869	9	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	869	10	Röell	Röell	NNP
work_b3ftiyv34jhylmblxzqccxhcby	869	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	869	12	2013	2013	CD
work_b3ftiyv34jhylmblxzqccxhcby	869	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	869	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	870	1	Market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	870	2	Liquidity	Liquidity	NNP
work_b3ftiyv34jhylmblxzqccxhcby	870	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	871	1	Oxford	Oxford	NNP
work_b3ftiyv34jhylmblxzqccxhcby	871	2	University	University	NNP
work_b3ftiyv34jhylmblxzqccxhcby	871	3	Press	Press	NNP
work_b3ftiyv34jhylmblxzqccxhcby	871	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	872	1	Froot	Froot	NNP
work_b3ftiyv34jhylmblxzqccxhcby	872	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	872	3	K.	K.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	872	4	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	872	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	872	6	D.	D.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	872	7	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	872	8	Scharfstein	Scharfstein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	872	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	872	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	872	11	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	872	12	C.	C.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	872	13	Stein	Stein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	872	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	872	15	1992	1992	CD
work_b3ftiyv34jhylmblxzqccxhcby	872	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	872	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	873	1	Herd	herd	NN
work_b3ftiyv34jhylmblxzqccxhcby	873	2	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	873	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	873	4	street	street	NN
work_b3ftiyv34jhylmblxzqccxhcby	873	5	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	873	6	Informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	873	7	inefficiencies	inefficiency	NNS
work_b3ftiyv34jhylmblxzqccxhcby	873	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	873	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	873	10	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	873	11	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	873	12	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	873	13	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	873	14	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	873	15	speculation	speculation	NN
work_b3ftiyv34jhylmblxzqccxhcby	873	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	874	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	874	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	874	3	Finance	Finance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	874	4	47	47	CD
work_b3ftiyv34jhylmblxzqccxhcby	874	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	874	6	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	874	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	874	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	874	9	1461–1484	1461–1484	CD
work_b3ftiyv34jhylmblxzqccxhcby	874	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	875	1	Ganguli	Ganguli	NNP
work_b3ftiyv34jhylmblxzqccxhcby	875	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	875	3	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	875	4	V.	V.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	875	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	875	6	L.	L.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	875	7	Yang	Yang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	875	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	875	9	2009	2009	CD
work_b3ftiyv34jhylmblxzqccxhcby	875	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	875	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	876	1	Complementarities	complementarity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	876	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	876	3	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	876	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	876	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	876	6	supply	supply	VB
work_b3ftiyv34jhylmblxzqccxhcby	876	7	infor-	infor-	XX
work_b3ftiyv34jhylmblxzqccxhcby	876	8	mation	mation	NN
work_b3ftiyv34jhylmblxzqccxhcby	876	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	877	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	877	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	877	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	877	4	European	European	NNP
work_b3ftiyv34jhylmblxzqccxhcby	877	5	Economic	Economic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	877	6	Association	Association	NNP
work_b3ftiyv34jhylmblxzqccxhcby	877	7	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	877	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	877	9	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	877	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	877	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	877	12	90–115	90–115	CD
work_b3ftiyv34jhylmblxzqccxhcby	877	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	878	1	Giannini	Giannini	NNP
work_b3ftiyv34jhylmblxzqccxhcby	878	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	878	3	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	878	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	878	5	P.	P.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	878	6	Irvine	Irvine	NNP
work_b3ftiyv34jhylmblxzqccxhcby	878	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	878	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	878	9	T.	T.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	878	10	Shu	Shu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	878	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	878	12	2013	2013	CD
work_b3ftiyv34jhylmblxzqccxhcby	878	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	878	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	879	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	879	2	convergence	convergence	NN
work_b3ftiyv34jhylmblxzqccxhcby	879	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	879	4	divergence	divergence	NN
work_b3ftiyv34jhylmblxzqccxhcby	879	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	879	6	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	879	7	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	879	8	opinions	opinion	NNS
work_b3ftiyv34jhylmblxzqccxhcby	879	9	around	around	IN
work_b3ftiyv34jhylmblxzqccxhcby	879	10	earnings	earning	NNS
work_b3ftiyv34jhylmblxzqccxhcby	879	11	news	news	NN
work_b3ftiyv34jhylmblxzqccxhcby	879	12	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	879	13	Evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	879	14	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	879	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	879	16	social	social	JJ
work_b3ftiyv34jhylmblxzqccxhcby	879	17	network	network	NN
work_b3ftiyv34jhylmblxzqccxhcby	879	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	880	1	Working	Working	NNP
work_b3ftiyv34jhylmblxzqccxhcby	880	2	Paper	Paper	NNP
work_b3ftiyv34jhylmblxzqccxhcby	880	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	881	1	Goldstein	Goldstein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	881	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	881	3	I.	I.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	881	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	881	5	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	881	6	Ozdenoren	Ozdenoren	NNP
work_b3ftiyv34jhylmblxzqccxhcby	881	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	881	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	881	9	K.	K.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	881	10	Yuan	Yuan	NNP
work_b3ftiyv34jhylmblxzqccxhcby	881	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	881	12	2013	2013	CD
work_b3ftiyv34jhylmblxzqccxhcby	881	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	881	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	882	1	Trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	882	2	frenzies	frenzy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	882	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	882	4	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	882	5	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	882	6	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	882	7	real	real	JJ
work_b3ftiyv34jhylmblxzqccxhcby	882	8	investment	investment	NN
work_b3ftiyv34jhylmblxzqccxhcby	882	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	883	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	883	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	883	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	883	4	Economics	Economics	NNP
work_b3ftiyv34jhylmblxzqccxhcby	883	5	109	109	CD
work_b3ftiyv34jhylmblxzqccxhcby	883	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	883	7	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	883	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	883	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	883	10	566	566	CD
work_b3ftiyv34jhylmblxzqccxhcby	883	11	–	–	:
work_b3ftiyv34jhylmblxzqccxhcby	883	12	582	582	CD
work_b3ftiyv34jhylmblxzqccxhcby	883	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	884	1	Goldstein	Goldstein	NNP
work_b3ftiyv34jhylmblxzqccxhcby	884	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	884	3	I.	I.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	884	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	884	5	L.	L.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	884	6	Yang	Yang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	884	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	884	8	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	884	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	884	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	885	1	Information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	885	2	diversity	diversity	NN
work_b3ftiyv34jhylmblxzqccxhcby	885	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	885	4	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	885	5	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	885	6	spirals	spiral	NNS
work_b3ftiyv34jhylmblxzqccxhcby	885	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	886	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	886	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	886	3	Finance	Finance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	886	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	886	5	Forthcoming	Forthcoming	NNP
work_b3ftiyv34jhylmblxzqccxhcby	886	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	887	1	Gorton	Gorton	NNP
work_b3ftiyv34jhylmblxzqccxhcby	887	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	887	3	G.	G.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	887	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	887	5	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	887	6	Metrick	Metrick	NNP
work_b3ftiyv34jhylmblxzqccxhcby	887	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	887	8	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	887	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	887	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	888	1	Haircuts	Haircuts	NNP
work_b3ftiyv34jhylmblxzqccxhcby	888	2	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	889	1	Federal	Federal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	889	2	Reserve	Reserve	NNP
work_b3ftiyv34jhylmblxzqccxhcby	889	3	Bank	Bank	NNP
work_b3ftiyv34jhylmblxzqccxhcby	889	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	889	5	St.	St.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	889	6	Louis	Louis	NNP
work_b3ftiyv34jhylmblxzqccxhcby	889	7	Re-	Re-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	889	8	view	view	NN
work_b3ftiyv34jhylmblxzqccxhcby	889	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	889	10	92	92	CD
work_b3ftiyv34jhylmblxzqccxhcby	889	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	889	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	889	13	507–517	507–517	CD
work_b3ftiyv34jhylmblxzqccxhcby	889	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	890	1	Greenwood	Greenwood	NNP
work_b3ftiyv34jhylmblxzqccxhcby	890	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	890	3	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	890	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	890	5	D.	D.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	890	6	Thesmar	Thesmar	NNP
work_b3ftiyv34jhylmblxzqccxhcby	890	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	890	8	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	890	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	890	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	891	1	Stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	891	2	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	891	3	fragility	fragility	NN
work_b3ftiyv34jhylmblxzqccxhcby	891	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	892	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	892	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	892	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	892	4	Economics	Economics	NNP
work_b3ftiyv34jhylmblxzqccxhcby	892	5	102	102	CD
work_b3ftiyv34jhylmblxzqccxhcby	892	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	892	7	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	892	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	892	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	892	10	471–490	471–490	CD
work_b3ftiyv34jhylmblxzqccxhcby	892	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	893	1	Griffin	Griffin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	893	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	893	3	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	893	4	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	893	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	893	6	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	893	7	H.	H.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	893	8	Harris	Harris	NNP
work_b3ftiyv34jhylmblxzqccxhcby	893	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	893	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	893	11	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	893	12	Topaloglu	Topaloglu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	893	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	893	14	2003	2003	CD
work_b3ftiyv34jhylmblxzqccxhcby	893	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	893	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	894	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	894	2	dynamics	dynamic	NNS
work_b3ftiyv34jhylmblxzqccxhcby	894	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	894	4	institutional	institutional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	894	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	894	6	individual	individual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	894	7	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	894	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	895	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	895	2	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	895	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	895	4	Finance	Finance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	895	5	58	58	CD
work_b3ftiyv34jhylmblxzqccxhcby	895	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	895	7	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	895	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	895	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	895	10	2285–2320	2285–2320	CD
work_b3ftiyv34jhylmblxzqccxhcby	895	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	896	1	Gromb	Gromb	NNP
work_b3ftiyv34jhylmblxzqccxhcby	896	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	896	3	D.	D.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	896	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	896	5	D.	D.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	896	6	Vayanos	Vayanos	NNP
work_b3ftiyv34jhylmblxzqccxhcby	896	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	896	8	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	896	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	896	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	897	1	Limits	limit	NNS
work_b3ftiyv34jhylmblxzqccxhcby	897	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	897	3	arbitrage	arbitrage	NN
work_b3ftiyv34jhylmblxzqccxhcby	897	4	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	897	5	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	897	6	state	state	NN
work_b3ftiyv34jhylmblxzqccxhcby	897	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	897	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	897	9	theory	theory	NN
work_b3ftiyv34jhylmblxzqccxhcby	897	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	898	1	Annual	Annual	NNP
work_b3ftiyv34jhylmblxzqccxhcby	898	2	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	898	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	898	4	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	898	5	Economics	Economics	NNP
work_b3ftiyv34jhylmblxzqccxhcby	898	6	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	898	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	898	8	251–275	251–275	CD
work_b3ftiyv34jhylmblxzqccxhcby	898	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	899	1	Grossman	Grossman	NNP
work_b3ftiyv34jhylmblxzqccxhcby	899	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	899	3	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	899	4	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	899	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	899	6	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	899	7	H.	H.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	899	8	Miller	Miller	NNP
work_b3ftiyv34jhylmblxzqccxhcby	899	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	899	10	1988	1988	CD
work_b3ftiyv34jhylmblxzqccxhcby	899	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	899	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	900	1	Liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	900	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	900	3	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	900	4	structure	structure	NN
work_b3ftiyv34jhylmblxzqccxhcby	900	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	901	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	901	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	901	3	Finance	Finance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	901	4	43	43	CD
work_b3ftiyv34jhylmblxzqccxhcby	901	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	901	6	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	901	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	901	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	901	9	617–37	617–37	CD
work_b3ftiyv34jhylmblxzqccxhcby	901	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	902	1	Grossman	Grossman	NNP
work_b3ftiyv34jhylmblxzqccxhcby	902	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	902	3	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	902	4	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	902	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	902	6	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	902	7	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	902	8	Stiglitz	Stiglitz	NNP
work_b3ftiyv34jhylmblxzqccxhcby	902	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	902	10	1980	1980	CD
work_b3ftiyv34jhylmblxzqccxhcby	902	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	902	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	903	1	On	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	903	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	903	3	impossibility	impossibility	NN
work_b3ftiyv34jhylmblxzqccxhcby	903	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	903	5	informationally	informationally	RB
work_b3ftiyv34jhylmblxzqccxhcby	903	6	efficient	efficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	903	7	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	903	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	904	1	American	American	NNP
work_b3ftiyv34jhylmblxzqccxhcby	904	2	Economic	Economic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	904	3	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	904	4	70	70	CD
work_b3ftiyv34jhylmblxzqccxhcby	904	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	904	6	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	904	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	904	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	904	9	393–408	393–408	CD
work_b3ftiyv34jhylmblxzqccxhcby	904	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	905	1	Grundy	Grundy	NNP
work_b3ftiyv34jhylmblxzqccxhcby	905	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	905	3	B.	B.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	905	4	D.	D.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	905	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	905	6	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	905	7	McNichols	McNichols	NNP
work_b3ftiyv34jhylmblxzqccxhcby	905	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	905	9	1989	1989	CD
work_b3ftiyv34jhylmblxzqccxhcby	905	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	905	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	906	1	Trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	906	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	906	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	906	4	revelation	revelation	NN
work_b3ftiyv34jhylmblxzqccxhcby	906	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	906	6	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	906	7	through	through	IN
work_b3ftiyv34jhylmblxzqccxhcby	906	8	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	906	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	906	10	direct	direct	JJ
work_b3ftiyv34jhylmblxzqccxhcby	906	11	disclosure	disclosure	NN
work_b3ftiyv34jhylmblxzqccxhcby	906	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	907	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	907	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	907	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	907	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	907	5	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	907	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	907	7	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	907	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	907	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	907	10	495–526	495–526	CD
work_b3ftiyv34jhylmblxzqccxhcby	907	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	908	1	Haldane	Haldane	NNP
work_b3ftiyv34jhylmblxzqccxhcby	908	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	908	3	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	908	4	G.	G.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	908	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	908	6	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	908	7	Davies	Davies	NNP
work_b3ftiyv34jhylmblxzqccxhcby	908	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	908	9	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	908	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	908	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	909	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	909	2	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	909	3	long	long	NN
work_b3ftiyv34jhylmblxzqccxhcby	909	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	910	1	Bank	Bank	NNP
work_b3ftiyv34jhylmblxzqccxhcby	910	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	910	3	England	England	NNP
work_b3ftiyv34jhylmblxzqccxhcby	910	4	working	work	VBG
work_b3ftiyv34jhylmblxzqccxhcby	910	5	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	910	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	911	1	Hamm	Hamm	NNP
work_b3ftiyv34jhylmblxzqccxhcby	911	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	911	3	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	911	4	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	911	5	W.	W.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	911	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	911	7	2014	2014	CD
work_b3ftiyv34jhylmblxzqccxhcby	911	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	911	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	912	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	912	2	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	912	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	912	4	ETFs	etf	NNS
work_b3ftiyv34jhylmblxzqccxhcby	912	5	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	912	6	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	912	7	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	912	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	913	1	Working	Working	NNP
work_b3ftiyv34jhylmblxzqccxhcby	913	2	Paper	Paper	NNP
work_b3ftiyv34jhylmblxzqccxhcby	913	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	914	1	51	51	CD
work_b3ftiyv34jhylmblxzqccxhcby	914	2	He	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	914	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	914	4	H.	H.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	914	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	914	6	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	914	7	Wang	Wang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	914	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	914	9	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	914	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	914	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	915	1	Differential	differential	JJ
work_b3ftiyv34jhylmblxzqccxhcby	915	2	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	915	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	915	4	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	915	5	behavior	behavior	NN
work_b3ftiyv34jhylmblxzqccxhcby	915	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	915	7	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	915	8	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	915	9	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	915	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	916	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	916	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	916	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	916	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	916	5	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	916	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	916	7	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	916	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	916	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	916	10	919–972	919–972	CD
work_b3ftiyv34jhylmblxzqccxhcby	916	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	917	1	Henker	Henker	NNP
work_b3ftiyv34jhylmblxzqccxhcby	917	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	917	3	T.	T.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	917	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	917	5	J.-X.	J.-X.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	918	1	Wang	Wang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	918	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	918	3	2006	2006	CD
work_b3ftiyv34jhylmblxzqccxhcby	918	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	918	5	May	May	NNP
work_b3ftiyv34jhylmblxzqccxhcby	918	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	918	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	919	1	On	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	919	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	919	3	importance	importance	NN
work_b3ftiyv34jhylmblxzqccxhcby	919	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	919	5	timing	timing	NN
work_b3ftiyv34jhylmblxzqccxhcby	919	6	specifications	specification	NNS
work_b3ftiyv34jhylmblxzqccxhcby	919	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	919	8	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	919	9	microstructure	microstructure	NN
work_b3ftiyv34jhylmblxzqccxhcby	919	10	research	research	NN
work_b3ftiyv34jhylmblxzqccxhcby	919	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	920	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	920	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	920	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	920	4	Markets	Markets	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	920	5	9	9	CD
work_b3ftiyv34jhylmblxzqccxhcby	920	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	920	7	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	920	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	920	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	920	10	162–179	162–179	CD
work_b3ftiyv34jhylmblxzqccxhcby	920	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	921	1	Henry	Henry	NNP
work_b3ftiyv34jhylmblxzqccxhcby	921	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	921	3	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	921	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	921	5	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	921	6	Galichon	Galichon	NNP
work_b3ftiyv34jhylmblxzqccxhcby	921	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	921	8	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	921	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	921	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	922	1	Set	Set	VBN
work_b3ftiyv34jhylmblxzqccxhcby	922	2	identification	identification	NN
work_b3ftiyv34jhylmblxzqccxhcby	922	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	922	4	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	922	5	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	922	6	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	922	7	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	922	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	923	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	923	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	923	3	Economic	Economic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	923	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	923	5	78	78	CD
work_b3ftiyv34jhylmblxzqccxhcby	923	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	923	7	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	923	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	923	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	923	10	1264–1298	1264–1298	CD
work_b3ftiyv34jhylmblxzqccxhcby	923	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	924	1	Holmström	Holmström	NNP
work_b3ftiyv34jhylmblxzqccxhcby	924	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	924	3	B.	B.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	924	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	924	5	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	924	6	Ricart	Ricart	NNP
work_b3ftiyv34jhylmblxzqccxhcby	924	7	i	i	NN
work_b3ftiyv34jhylmblxzqccxhcby	924	8	Costa	Costa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	924	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	924	10	1986	1986	CD
work_b3ftiyv34jhylmblxzqccxhcby	924	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	924	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	925	1	Managerial	managerial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	925	2	incentives	incentive	NNS
work_b3ftiyv34jhylmblxzqccxhcby	925	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	925	4	capital	capital	NN
work_b3ftiyv34jhylmblxzqccxhcby	925	5	man-	man-	NN
work_b3ftiyv34jhylmblxzqccxhcby	925	6	agement	agement	NN
work_b3ftiyv34jhylmblxzqccxhcby	925	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	926	1	Quarterly	Quarterly	NNP
work_b3ftiyv34jhylmblxzqccxhcby	926	2	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	926	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	926	4	Economics	Economics	NNP
work_b3ftiyv34jhylmblxzqccxhcby	926	5	101	101	CD
work_b3ftiyv34jhylmblxzqccxhcby	926	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	926	7	835–860	835–860	CD
work_b3ftiyv34jhylmblxzqccxhcby	926	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	927	1	Huang	Huang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	927	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	927	3	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	927	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	927	5	H.	H.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	927	6	Stoll	Stoll	NNP
work_b3ftiyv34jhylmblxzqccxhcby	927	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	927	8	1997	1997	CD
work_b3ftiyv34jhylmblxzqccxhcby	927	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	927	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	928	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	928	2	components	component	NNS
work_b3ftiyv34jhylmblxzqccxhcby	928	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	928	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	928	5	bid	bid	NN
work_b3ftiyv34jhylmblxzqccxhcby	928	6	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	928	7	ask	ask	NN
work_b3ftiyv34jhylmblxzqccxhcby	928	8	spread	spread	NN
work_b3ftiyv34jhylmblxzqccxhcby	928	9	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	928	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	928	11	general	general	JJ
work_b3ftiyv34jhylmblxzqccxhcby	928	12	approach	approach	NN
work_b3ftiyv34jhylmblxzqccxhcby	928	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	929	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	929	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	929	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	929	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	929	5	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	929	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	929	7	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	929	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	929	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	929	10	995–1034	995–1034	CD
work_b3ftiyv34jhylmblxzqccxhcby	929	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	930	1	Jovanovic	Jovanovic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	930	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	930	3	B.	B.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	931	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	931	2	1989	1989	CD
work_b3ftiyv34jhylmblxzqccxhcby	931	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	931	4	November	November	NNP
work_b3ftiyv34jhylmblxzqccxhcby	931	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	931	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	932	1	Observable	observable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	932	2	implications	implication	NNS
work_b3ftiyv34jhylmblxzqccxhcby	932	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	932	4	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	932	5	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	932	6	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	932	7	equi-	equi-	NN
work_b3ftiyv34jhylmblxzqccxhcby	932	8	libria	libria	NNP
work_b3ftiyv34jhylmblxzqccxhcby	932	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	933	1	Econometrica	Econometrica	NNP
work_b3ftiyv34jhylmblxzqccxhcby	933	2	57	57	CD
work_b3ftiyv34jhylmblxzqccxhcby	933	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	933	4	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	933	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	933	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	933	7	1431–1437	1431–1437	CD
work_b3ftiyv34jhylmblxzqccxhcby	933	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	934	1	Kandel	Kandel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	934	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	934	3	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	934	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	934	5	N.	N.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	934	6	D.	D.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	934	7	Pearson	Pearson	NNP
work_b3ftiyv34jhylmblxzqccxhcby	934	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	934	9	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	934	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	934	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	935	1	Differential	differential	JJ
work_b3ftiyv34jhylmblxzqccxhcby	935	2	interpretation	interpretation	NN
work_b3ftiyv34jhylmblxzqccxhcby	935	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	935	4	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	935	5	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	935	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	935	7	trade	trade	NN
work_b3ftiyv34jhylmblxzqccxhcby	935	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	935	9	speculative	speculative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	935	10	markets	market	NNS
work_b3ftiyv34jhylmblxzqccxhcby	935	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	936	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	936	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	936	3	Political	Political	NNP
work_b3ftiyv34jhylmblxzqccxhcby	936	4	Economy	Economy	NNP
work_b3ftiyv34jhylmblxzqccxhcby	936	5	103	103	CD
work_b3ftiyv34jhylmblxzqccxhcby	936	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	936	7	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	936	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	936	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	936	10	831–872	831–872	CD
work_b3ftiyv34jhylmblxzqccxhcby	936	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	937	1	Khandani	Khandani	NNP
work_b3ftiyv34jhylmblxzqccxhcby	937	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	937	3	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	937	4	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	937	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	937	6	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	937	7	W.	W.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	937	8	Lo	Lo	NNP
work_b3ftiyv34jhylmblxzqccxhcby	937	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	937	10	2011	2011	CD
work_b3ftiyv34jhylmblxzqccxhcby	937	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	937	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	938	1	What	what	WP
work_b3ftiyv34jhylmblxzqccxhcby	938	2	happened	happen	VBD
work_b3ftiyv34jhylmblxzqccxhcby	938	3	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	938	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	938	5	quants	quant	NNS
work_b3ftiyv34jhylmblxzqccxhcby	938	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	938	7	august	august	NNP
work_b3ftiyv34jhylmblxzqccxhcby	938	8	2007	2007	CD
work_b3ftiyv34jhylmblxzqccxhcby	938	9	?	?	.
work_b3ftiyv34jhylmblxzqccxhcby	939	1	evidence	evidence	NN
work_b3ftiyv34jhylmblxzqccxhcby	939	2	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	939	3	factors	factor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	939	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	939	5	transactions	transaction	NNS
work_b3ftiyv34jhylmblxzqccxhcby	939	6	data	datum	NNS
work_b3ftiyv34jhylmblxzqccxhcby	939	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	940	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	940	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	940	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	940	4	Markets	Markets	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	940	5	14	14	CD
work_b3ftiyv34jhylmblxzqccxhcby	940	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	940	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	940	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	940	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	940	10	1–46	1–46	CD
work_b3ftiyv34jhylmblxzqccxhcby	940	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	941	1	Kondor	Kondor	NNP
work_b3ftiyv34jhylmblxzqccxhcby	941	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	941	3	P.	P.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	941	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	941	5	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	941	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	941	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	942	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	942	2	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	942	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	942	4	know	know	VBP
work_b3ftiyv34jhylmblxzqccxhcby	942	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	942	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	942	7	less	less	RBR
work_b3ftiyv34jhylmblxzqccxhcby	942	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	942	9	agree	agree	VBP
work_b3ftiyv34jhylmblxzqccxhcby	942	10	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	942	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	942	12	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	942	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	943	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	943	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	943	3	Economic	Economic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	943	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	943	5	79	79	CD
work_b3ftiyv34jhylmblxzqccxhcby	943	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	943	7	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	943	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	943	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	943	10	1175–1209	1175–1209	CD
work_b3ftiyv34jhylmblxzqccxhcby	943	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	944	1	Kyle	Kyle	NNP
work_b3ftiyv34jhylmblxzqccxhcby	944	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	944	3	A.	a.	NN
work_b3ftiyv34jhylmblxzqccxhcby	945	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	945	2	1985	1985	CD
work_b3ftiyv34jhylmblxzqccxhcby	945	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	945	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	946	1	Continuous	continuous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	946	2	auctions	auction	NNS
work_b3ftiyv34jhylmblxzqccxhcby	946	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	946	4	insider	insider	NN
work_b3ftiyv34jhylmblxzqccxhcby	946	5	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	946	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	947	1	Econometrica	Econometrica	NNP
work_b3ftiyv34jhylmblxzqccxhcby	947	2	53	53	CD
work_b3ftiyv34jhylmblxzqccxhcby	947	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	947	4	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	947	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	947	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	947	7	1315	1315	CD
work_b3ftiyv34jhylmblxzqccxhcby	947	8	–	–	:
work_b3ftiyv34jhylmblxzqccxhcby	947	9	1336	1336	CD
work_b3ftiyv34jhylmblxzqccxhcby	947	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	948	1	Lou	Lou	NNP
work_b3ftiyv34jhylmblxzqccxhcby	948	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	948	3	D.	D.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	948	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	948	5	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	948	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	948	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	949	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	949	2	flow	flow	NN
work_b3ftiyv34jhylmblxzqccxhcby	949	3	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	949	4	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	949	5	explanation	explanation	NN
work_b3ftiyv34jhylmblxzqccxhcby	949	6	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	949	7	return	return	NN
work_b3ftiyv34jhylmblxzqccxhcby	949	8	predictability	predictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	949	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	950	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	950	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	950	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	950	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	950	5	25	25	CD
work_b3ftiyv34jhylmblxzqccxhcby	950	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	950	7	12	12	CD
work_b3ftiyv34jhylmblxzqccxhcby	950	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	950	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	950	10	3457–3489	3457–3489	CD
work_b3ftiyv34jhylmblxzqccxhcby	950	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	951	1	Madhavan	Madhavan	NNP
work_b3ftiyv34jhylmblxzqccxhcby	951	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	951	3	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	951	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	951	5	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	951	6	Richardson	Richardson	NNP
work_b3ftiyv34jhylmblxzqccxhcby	951	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	951	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	951	9	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	951	10	Roomans	Roomans	NNP
work_b3ftiyv34jhylmblxzqccxhcby	951	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	951	12	1997	1997	CD
work_b3ftiyv34jhylmblxzqccxhcby	951	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	951	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	952	1	Why	why	WRB
work_b3ftiyv34jhylmblxzqccxhcby	952	2	do	do	VBP
work_b3ftiyv34jhylmblxzqccxhcby	952	3	security	security	NN
work_b3ftiyv34jhylmblxzqccxhcby	952	4	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	952	5	change	change	VB
work_b3ftiyv34jhylmblxzqccxhcby	952	6	?	?	.
work_b3ftiyv34jhylmblxzqccxhcby	953	1	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	953	2	transaction	transaction	NN
work_b3ftiyv34jhylmblxzqccxhcby	953	3	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	953	4	level	level	NN
work_b3ftiyv34jhylmblxzqccxhcby	953	5	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	953	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	953	7	nyse	nyse	NNP
work_b3ftiyv34jhylmblxzqccxhcby	953	8	stocks	stock	NNS
work_b3ftiyv34jhylmblxzqccxhcby	953	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	954	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	954	2	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	954	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	954	4	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	954	5	Stud-	Stud-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	954	6	ies	ie	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	954	7	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	954	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	954	9	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	954	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	954	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	954	12	1035–1064	1035–1064	CD
work_b3ftiyv34jhylmblxzqccxhcby	954	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	955	1	Moskowitz	Moskowitz	NNP
work_b3ftiyv34jhylmblxzqccxhcby	955	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	955	3	T.	T.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	955	4	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	955	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	955	6	Y.	Y.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	955	7	H.	H.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	955	8	Ooi	Ooi	NNP
work_b3ftiyv34jhylmblxzqccxhcby	955	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	955	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	955	11	L.	L.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	955	12	H.	H.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	955	13	Pedersen	Pedersen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	955	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	955	15	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	955	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	955	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	956	1	Time	Time	NNP
work_b3ftiyv34jhylmblxzqccxhcby	956	2	series	series	NNP
work_b3ftiyv34jhylmblxzqccxhcby	956	3	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	956	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	957	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	957	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	957	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	957	4	Economics	Economics	NNP
work_b3ftiyv34jhylmblxzqccxhcby	957	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	957	6	104	104	CD
work_b3ftiyv34jhylmblxzqccxhcby	957	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	957	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	957	9	228–250	228–250	CD
work_b3ftiyv34jhylmblxzqccxhcby	957	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	958	1	Nagel	Nagel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	958	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	958	3	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	958	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	958	5	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	958	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	958	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	959	1	Evaporating	evaporate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	959	2	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	959	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	960	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	960	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	960	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	960	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	960	5	25	25	CD
work_b3ftiyv34jhylmblxzqccxhcby	960	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	960	7	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	960	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	960	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	960	10	2005–2039	2005–2039	CD
work_b3ftiyv34jhylmblxzqccxhcby	960	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	961	1	Nimark	Nimark	NNP
work_b3ftiyv34jhylmblxzqccxhcby	961	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	961	3	K.	K.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	961	4	P.	P.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	961	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	961	6	2007	2007	CD
work_b3ftiyv34jhylmblxzqccxhcby	961	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	961	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	962	1	Dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	962	2	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	962	3	order	order	NN
work_b3ftiyv34jhylmblxzqccxhcby	962	4	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	962	5	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	963	1	Working	Working	NNP
work_b3ftiyv34jhylmblxzqccxhcby	963	2	Paper	Paper	NNP
work_b3ftiyv34jhylmblxzqccxhcby	963	3	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	964	1	52	52	CD
work_b3ftiyv34jhylmblxzqccxhcby	964	2	Ozdenoren	Ozdenoren	NNP
work_b3ftiyv34jhylmblxzqccxhcby	964	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	964	4	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	964	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	964	6	K.	K.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	964	7	Yuan	Yuan	NNP
work_b3ftiyv34jhylmblxzqccxhcby	964	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	964	9	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	964	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	964	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	965	1	Feedback	feedback	NN
work_b3ftiyv34jhylmblxzqccxhcby	965	2	effects	effect	NNS
work_b3ftiyv34jhylmblxzqccxhcby	965	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	965	4	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	965	5	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	965	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	966	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	966	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	966	3	Fi-	Fi-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	966	4	nance	nance	NN
work_b3ftiyv34jhylmblxzqccxhcby	966	5	63	63	CD
work_b3ftiyv34jhylmblxzqccxhcby	966	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	966	7	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	966	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	966	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	966	10	1939–1975	1939–1975	CD
work_b3ftiyv34jhylmblxzqccxhcby	966	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	967	1	Pagano	Pagano	NNP
work_b3ftiyv34jhylmblxzqccxhcby	967	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	967	3	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	967	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	967	5	1989	1989	CD
work_b3ftiyv34jhylmblxzqccxhcby	967	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	967	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	968	1	Endogenous	endogenous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	968	2	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	968	3	thinness	thinness	NN
work_b3ftiyv34jhylmblxzqccxhcby	968	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	968	5	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	968	6	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	968	7	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	968	8	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	968	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	969	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	969	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	969	3	Economic	Economic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	969	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	969	5	56	56	CD
work_b3ftiyv34jhylmblxzqccxhcby	969	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	969	7	269–288	269–288	CD
work_b3ftiyv34jhylmblxzqccxhcby	969	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	970	1	Shin	Shin	NNP
work_b3ftiyv34jhylmblxzqccxhcby	970	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	970	3	H.	H.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	970	4	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	970	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	970	6	2010	2010	CD
work_b3ftiyv34jhylmblxzqccxhcby	970	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	970	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	971	1	Risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	971	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	971	3	Liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	971	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	972	1	Oxford	Oxford	NNP
work_b3ftiyv34jhylmblxzqccxhcby	972	2	University	University	NNP
work_b3ftiyv34jhylmblxzqccxhcby	972	3	Press	Press	NNP
work_b3ftiyv34jhylmblxzqccxhcby	972	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	973	1	Shleifer	Shleifer	NNP
work_b3ftiyv34jhylmblxzqccxhcby	973	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	973	3	A.	a.	NN
work_b3ftiyv34jhylmblxzqccxhcby	973	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	973	5	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	973	6	Vishny	Vishny	NNP
work_b3ftiyv34jhylmblxzqccxhcby	973	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	973	8	1990	1990	CD
work_b3ftiyv34jhylmblxzqccxhcby	973	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	973	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	974	1	Equilibrium	equilibrium	JJ
work_b3ftiyv34jhylmblxzqccxhcby	974	2	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	974	3	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	974	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	974	5	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	974	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	974	7	firms	firm	NNS
work_b3ftiyv34jhylmblxzqccxhcby	974	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	975	1	American	American	NNP
work_b3ftiyv34jhylmblxzqccxhcby	975	2	Economic	Economic	NNP
work_b3ftiyv34jhylmblxzqccxhcby	975	3	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	975	4	80	80	CD
work_b3ftiyv34jhylmblxzqccxhcby	975	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	975	6	148–153	148–153	CD
work_b3ftiyv34jhylmblxzqccxhcby	975	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	976	1	Singleton	Singleton	NNP
work_b3ftiyv34jhylmblxzqccxhcby	976	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	976	3	K.	K.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	976	4	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	977	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	977	2	1987	1987	CD
work_b3ftiyv34jhylmblxzqccxhcby	977	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	977	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	978	1	Asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	978	2	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	978	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	978	4	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	978	5	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	978	6	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	978	7	series	series	NN
work_b3ftiyv34jhylmblxzqccxhcby	978	8	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	978	9	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	978	10	disparately	disparately	RB
work_b3ftiyv34jhylmblxzqccxhcby	978	11	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	978	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	978	13	competitive	competitive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	978	14	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	978	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	979	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	979	2	W.	W.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	979	3	Barnett	Barnett	NNP
work_b3ftiyv34jhylmblxzqccxhcby	979	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	979	5	K.	K.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	979	6	Singleton	Singleton	NNP
work_b3ftiyv34jhylmblxzqccxhcby	979	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	979	8	Eds	Eds	NNP
work_b3ftiyv34jhylmblxzqccxhcby	979	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	980	1	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	980	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	980	3	New	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	980	4	approaches	approach	NNS
work_b3ftiyv34jhylmblxzqccxhcby	980	5	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	980	6	monetary	monetary	JJ
work_b3ftiyv34jhylmblxzqccxhcby	980	7	economics	economic	NNS
work_b3ftiyv34jhylmblxzqccxhcby	980	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	981	1	Cambridge	Cambridge	NNP
work_b3ftiyv34jhylmblxzqccxhcby	981	2	University	University	NNP
work_b3ftiyv34jhylmblxzqccxhcby	981	3	Press	Press	NNP
work_b3ftiyv34jhylmblxzqccxhcby	981	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	981	5	Cambridge	Cambridge	NNP
work_b3ftiyv34jhylmblxzqccxhcby	981	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	982	1	Sirri	Sirri	NNP
work_b3ftiyv34jhylmblxzqccxhcby	982	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	982	3	E.	E.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	982	4	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	982	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	982	6	P.	P.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	982	7	Tufano	Tufano	NNP
work_b3ftiyv34jhylmblxzqccxhcby	982	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	982	9	1998	1998	CD
work_b3ftiyv34jhylmblxzqccxhcby	982	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	982	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	983	1	Costly	costly	JJ
work_b3ftiyv34jhylmblxzqccxhcby	983	2	search	search	NN
work_b3ftiyv34jhylmblxzqccxhcby	983	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	983	4	mutual	mutual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	983	5	fund	fund	NN
work_b3ftiyv34jhylmblxzqccxhcby	983	6	flows	flow	NNS
work_b3ftiyv34jhylmblxzqccxhcby	983	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	984	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	984	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	984	3	Finance	Finance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	984	4	53	53	CD
work_b3ftiyv34jhylmblxzqccxhcby	984	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	984	6	1589–1622	1589–1622	CD
work_b3ftiyv34jhylmblxzqccxhcby	984	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	985	1	Spiegel	Spiegel	NNP
work_b3ftiyv34jhylmblxzqccxhcby	985	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	985	3	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	985	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	985	5	1998	1998	CD
work_b3ftiyv34jhylmblxzqccxhcby	985	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	985	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	986	1	Stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	986	2	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	986	3	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	986	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	986	5	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	986	6	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	986	7	security	security	NN
work_b3ftiyv34jhylmblxzqccxhcby	986	8	overlapping	overlap	VBG
work_b3ftiyv34jhylmblxzqccxhcby	986	9	generations	generation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	986	10	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	986	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	987	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	987	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	987	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	987	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	987	5	11	11	CD
work_b3ftiyv34jhylmblxzqccxhcby	987	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	987	7	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	987	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	987	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	987	10	419–447	419–447	CD
work_b3ftiyv34jhylmblxzqccxhcby	987	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	988	1	Van	Van	NNP
work_b3ftiyv34jhylmblxzqccxhcby	988	2	Ness	Ness	NNP
work_b3ftiyv34jhylmblxzqccxhcby	988	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	988	4	B.	B.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	988	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	988	6	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	988	7	A.	A.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	989	1	Van	Van	NNP
work_b3ftiyv34jhylmblxzqccxhcby	989	2	Ness	Ness	NNP
work_b3ftiyv34jhylmblxzqccxhcby	989	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	989	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	989	5	R.	R.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	989	6	S.	S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	989	7	Warr	Warr	NNP
work_b3ftiyv34jhylmblxzqccxhcby	989	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	989	9	2001	2001	CD
work_b3ftiyv34jhylmblxzqccxhcby	989	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	989	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	990	1	How	how	WRB
work_b3ftiyv34jhylmblxzqccxhcby	990	2	well	well	RB
work_b3ftiyv34jhylmblxzqccxhcby	990	3	do	do	VBP
work_b3ftiyv34jhylmblxzqccxhcby	990	4	adverse	adverse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	990	5	selection	selection	NN
work_b3ftiyv34jhylmblxzqccxhcby	990	6	components	component	NNS
work_b3ftiyv34jhylmblxzqccxhcby	990	7	measure	measure	VBP
work_b3ftiyv34jhylmblxzqccxhcby	990	8	adverse	adverse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	990	9	selection	selection	NN
work_b3ftiyv34jhylmblxzqccxhcby	990	10	?	?	.
work_b3ftiyv34jhylmblxzqccxhcby	991	1	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	991	2	Management	Management	NNP
work_b3ftiyv34jhylmblxzqccxhcby	991	3	30	30	CD
work_b3ftiyv34jhylmblxzqccxhcby	991	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	991	5	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	991	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	991	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	991	8	5–30	5–30	NNP
work_b3ftiyv34jhylmblxzqccxhcby	991	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	992	1	Vayanos	Vayanos	NNP
work_b3ftiyv34jhylmblxzqccxhcby	992	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	992	3	D.	D.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	992	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	992	5	P.	P.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	992	6	Woolley	Woolley	NNP
work_b3ftiyv34jhylmblxzqccxhcby	992	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	992	8	2013	2013	CD
work_b3ftiyv34jhylmblxzqccxhcby	992	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	992	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	993	1	An	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	993	2	institutional	institutional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	993	3	theory	theory	NN
work_b3ftiyv34jhylmblxzqccxhcby	993	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	993	5	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	993	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	993	7	reversal	reversal	NN
work_b3ftiyv34jhylmblxzqccxhcby	993	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	994	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	994	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	994	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	994	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	994	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	994	6	forthcoming	forthcoming	JJ
work_b3ftiyv34jhylmblxzqccxhcby	994	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	994	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	995	1	Verardo	Verardo	NNP
work_b3ftiyv34jhylmblxzqccxhcby	995	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	995	3	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	995	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	995	5	2009	2009	CD
work_b3ftiyv34jhylmblxzqccxhcby	995	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	995	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	996	1	Heterogeneous	heterogeneous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	996	2	beliefs	belief	NNS
work_b3ftiyv34jhylmblxzqccxhcby	996	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	996	4	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	996	5	profits	profit	NNS
work_b3ftiyv34jhylmblxzqccxhcby	996	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	997	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	997	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	997	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	997	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	997	5	Quantitative	Quantitative	NNP
work_b3ftiyv34jhylmblxzqccxhcby	997	6	Analysis	Analysis	NNP
work_b3ftiyv34jhylmblxzqccxhcby	997	7	44	44	CD
work_b3ftiyv34jhylmblxzqccxhcby	997	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	997	9	04	04	CD
work_b3ftiyv34jhylmblxzqccxhcby	997	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	997	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	997	12	795–822	795–822	CD
work_b3ftiyv34jhylmblxzqccxhcby	997	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	998	1	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	998	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	998	3	X.	X.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	999	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	999	2	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	999	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	999	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1000	1	Short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1000	2	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1000	3	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1000	4	investment	investment	NN
work_b3ftiyv34jhylmblxzqccxhcby	1000	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1000	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1000	7	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1000	8	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	1000	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1000	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1000	11	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1000	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1001	1	Review	Review	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1001	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1001	3	Financial	Financial	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1001	4	Studies	Studies	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	1001	5	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	1001	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1001	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1001	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1001	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1001	10	125–160	125–160	CD
work_b3ftiyv34jhylmblxzqccxhcby	1001	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1002	1	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1002	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1002	3	X.	X.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1003	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1003	2	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	1003	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1003	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1004	1	Information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1004	2	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1004	3	Learning	learn	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1004	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1004	5	Markets	Markets	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	1004	6	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1004	7	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1004	8	Impact	Impact	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1004	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1004	10	Market	Market	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1004	11	Mi-	Mi-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1004	12	crostructure	crostructure	NN
work_b3ftiyv34jhylmblxzqccxhcby	1004	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1005	1	Princeton	Princeton	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1005	2	University	University	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1005	3	Press	Press	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1005	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1006	1	Wang	Wang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1006	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1006	3	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1007	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1007	2	1994	1994	CD
work_b3ftiyv34jhylmblxzqccxhcby	1007	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1007	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1008	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1008	2	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	1008	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1008	4	competitive	competitive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1008	5	stock	stock	NN
work_b3ftiyv34jhylmblxzqccxhcby	1008	6	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	1008	7	volume	volume	NN
work_b3ftiyv34jhylmblxzqccxhcby	1008	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1009	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1009	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1009	3	Political	Political	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1009	4	Economy	Economy	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1009	5	102	102	CD
work_b3ftiyv34jhylmblxzqccxhcby	1009	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1009	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1009	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1009	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1009	10	127–168	127–168	CD
work_b3ftiyv34jhylmblxzqccxhcby	1009	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1010	1	Watanabe	Watanabe	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1010	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1010	3	M.	M.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1010	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1010	5	2008	2008	CD
work_b3ftiyv34jhylmblxzqccxhcby	1010	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1010	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1011	1	Price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1011	2	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	1011	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1011	4	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	1011	5	behavior	behavior	NN
work_b3ftiyv34jhylmblxzqccxhcby	1011	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1011	7	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1011	8	overlapping	overlap	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1011	9	genera-	genera-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1011	10	tions	tion	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1011	11	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	1011	12	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1011	13	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1011	14	asymmetry	asymmetry	NN
work_b3ftiyv34jhylmblxzqccxhcby	1011	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1012	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1012	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1012	3	Finance	Finance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1012	4	63	63	CD
work_b3ftiyv34jhylmblxzqccxhcby	1012	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1012	6	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1012	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1012	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1012	9	229–272	229–272	CD
work_b3ftiyv34jhylmblxzqccxhcby	1012	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1013	1	Yuan	Yuan	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1013	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1013	3	K.	K.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1013	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1013	5	2005	2005	CD
work_b3ftiyv34jhylmblxzqccxhcby	1013	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1013	7	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1014	1	Asymmetric	asymmetric	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1014	2	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1014	3	movements	movement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1014	4	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1014	5	borrowing	borrow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1014	6	constraints	constraint	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1014	7	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1014	8	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1014	9	ratio-	ratio-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1014	10	nal	nal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1014	11	expectations	expectation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1014	12	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1014	13	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	1014	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1014	15	crises	crisis	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1014	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1014	17	contagion	contagion	NN
work_b3ftiyv34jhylmblxzqccxhcby	1014	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1014	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1014	20	confusion	confusion	NN
work_b3ftiyv34jhylmblxzqccxhcby	1014	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1015	1	Journal	Journal	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1015	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1015	3	Finance	Finance	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1015	4	60	60	CD
work_b3ftiyv34jhylmblxzqccxhcby	1015	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1015	6	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1015	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1015	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1015	9	379–411	379–411	CD
work_b3ftiyv34jhylmblxzqccxhcby	1015	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1016	1	53	53	CD
work_b3ftiyv34jhylmblxzqccxhcby	1016	2	Zhang	Zhang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1016	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1016	4	J.	J.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1017	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1017	2	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	1017	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1017	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1018	1	Learning	learn	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1018	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1018	3	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1018	4	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1018	5	horizons	horizon	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1018	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1018	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1018	8	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	1018	9	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	1018	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1019	1	Yale	Yale	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1019	2	Working	Working	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1019	3	Paper	Paper	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1019	4	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1020	1	54	54	CD
work_b3ftiyv34jhylmblxzqccxhcby	1020	2	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1020	3	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1020	4	Proof	Proof	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1020	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1020	6	Proposition	Proposition	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1020	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1020	8	To	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1020	9	prove	prove	VB
work_b3ftiyv34jhylmblxzqccxhcby	1020	10	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1020	11	argument	argument	NN
work_b3ftiyv34jhylmblxzqccxhcby	1020	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1020	13	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1020	14	proceed	proceed	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1020	15	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1020	16	backwards	backwards	IN
work_b3ftiyv34jhylmblxzqccxhcby	1020	17	induction	induction	NN
work_b3ftiyv34jhylmblxzqccxhcby	1020	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1021	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1021	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1021	3	last	last	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1021	4	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	5	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	6	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1021	7	act	act	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1021	8	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1021	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1021	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1021	11	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1021	12	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	13	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1021	14	owing	owing	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	15	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1021	16	CARA	CARA	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1021	18	normality	normality	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	19	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1021	20	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1021	21	X2(si	X2(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1021	23	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1021	25	z1,z2	z1,z2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	27	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1021	28	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	29	Ei2[v	ei2[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	30	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	31	−p2	−p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	32	Vari2[v	Vari2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	33	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1021	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	36	A.1	A.1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	38	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1021	39	denoting	denoting	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	40	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1021	41	Ē2[v	Ē2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	42	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	43	≡	≡	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1021	44	∫	∫	:
work_b3ftiyv34jhylmblxzqccxhcby	1021	45	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1021	46	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1021	47	Ei2[v	ei2[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	48	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	49	di	di	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	50	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1021	51	p2	p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	52	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1021	53	Ē2[v	ē2[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	54	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	55	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1021	56	Vari2[v	Vari2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	57	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	58	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	59	θ2	θ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	60	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1021	61	αP2	αP2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	62	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	63	v	v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	64	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1021	65	θ2	θ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	66	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	67	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	68	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1021	69	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	70	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1021	71	−αP2	−αp2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	72	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	73	E2[v	e2[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	74	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	75	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1021	76	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	77	A.2	a.2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	78	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	79	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1021	80	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	81	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1021	82	γτε	γτε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	83	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	84	A.3a	A.3a	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	85	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1021	86	αP2	αP2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1021	87	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1021	88	αE2	αe2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1021	89	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1022	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	2	A.3b	A.3b	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	4	Rearranging	Rearranging	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	6	A.2	A.2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1022	9	obtain	obtain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1022	10	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	11	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1022	12	αP2	αp2	XX
work_b3ftiyv34jhylmblxzqccxhcby	1022	13	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	15	a2v	a2v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	16	−βa1v	−βa1v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	17	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1022	18	βa1v	βa1v	XX
work_b3ftiyv34jhylmblxzqccxhcby	1022	19	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1022	20	θ2	θ2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	22	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1022	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	24	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1022	25	−αP2	−αp2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	27	E2[v	e2[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	28	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	29	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1022	30			NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	31	αP2a2	αp2a2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	32	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1022	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	34	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1022	35	−αP2	−αP2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1022	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	37	∆a2τuτ2︸	∆a2τuτ2︸	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	38	︷︷	︷︷	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	39	︸	︸	VBD
work_b3ftiyv34jhylmblxzqccxhcby	1022	40	λ2	λ2	IN
work_b3ftiyv34jhylmblxzqccxhcby	1022	41			CD
work_b3ftiyv34jhylmblxzqccxhcby	1022	42	z2	z2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	43	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1022	44	τητi2sP	τητi2sp	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	45	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1022	46	γτ1E1[v	γτ1E1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	47	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	48	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1022	49	βz1γτi2	βz1γτi2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	50	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1022	51	λ2z2	λ2z2	UH
work_b3ftiyv34jhylmblxzqccxhcby	1022	52	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1022	53	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	54	τi2	τi2	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1022	55	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	56	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1022	57	βαP2	βαP2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1022	58	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	59	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	60	+	+	FW
work_b3ftiyv34jhylmblxzqccxhcby	1022	61	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	62	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1022	63	−αP2	−αP2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	64	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	65	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	66	τ2	τ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1022	67	E1[v	e1[v	FW
work_b3ftiyv34jhylmblxzqccxhcby	1022	68	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	69	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1022	70	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	71	A.4	a.4	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	72	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1022	73	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1022	74	provides	provide	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1022	75	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1022	76	alternative	alternative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1022	77	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	78	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1022	79	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	80	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1022	81	separates	separate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1022	82	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1022	83	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	84	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1022	85	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1022	86	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	87	“	"	``
work_b3ftiyv34jhylmblxzqccxhcby	1022	88	news	news	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	89	”	"	''
work_b3ftiyv34jhylmblxzqccxhcby	1022	90	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1022	91	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1022	92	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	93	contained	contain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1022	94	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1022	95	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1022	96	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1022	97	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	98	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	99	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1022	100	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1022	101	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1022	102	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1022	103	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1023	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1023	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1023	3	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1023	4	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1023	5	owing	owe	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1023	6	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1023	7	CARA	CARA	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1023	9	normality	normality	NN
work_b3ftiyv34jhylmblxzqccxhcby	1023	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1023	11	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1023	12	agent	agent	NN
work_b3ftiyv34jhylmblxzqccxhcby	1023	13	i	i	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1023	14	trades	trade	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1023	15	according	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1023	16	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1023	17	X1(si	X1(si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1023	19	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	21	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1023	22	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	23	Ei1[p2	Ei1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	24	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	25	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	26	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	27	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1023	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	30	A.5	A.5	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	32	55	55	CD
work_b3ftiyv34jhylmblxzqccxhcby	1023	33	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1023	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1023	35	using	use	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1023	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	37	A.4	A.4	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1023	40	Ei1[p2	Ei1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	41	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	42	=	=	FW
work_b3ftiyv34jhylmblxzqccxhcby	1023	43	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	44	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	45	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1023	46	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1023	47	τi2	τi2	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1023	48	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	49	Ei1[v	ei1[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1023	50	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	51	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1023	52	γτ1E1[v	γτ1E1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	53	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	54	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1023	55	βz1	βz1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	56	γτi2	γτi2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	57	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1023	58	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	59	A.6	A.6	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	60	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	61	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	62	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	63	=	=	FW
work_b3ftiyv34jhylmblxzqccxhcby	1023	64	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	65	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	66	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1023	67	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1023	68	τi2	τi2	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1023	69	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1023	70	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1023	71	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1023	72	τi1	τi1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1023	73	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1023	74	λ22	λ22	NN
work_b3ftiyv34jhylmblxzqccxhcby	1023	75	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	76	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1023	77	τη	τη	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	78	τ2i2	τ2i2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1023	79	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1024	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	2	A.7	A.7	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	4	Replacing	replace	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1024	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	6	A.6	A.6	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1024	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	10	A.7	A.7	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1024	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	14	A.5	A.5	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	16	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1024	17	X1(si	x1(si	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1024	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1024	19	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	21	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1024	22	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	24	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	25	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	26	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1024	27	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1024	28	τi2)Ei1[v	τi2)Ei1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	29	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	30	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	31	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	32	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1024	33	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	34	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	35	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	37	βαP2	βαP2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	38	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	39	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	40	+	+	FW
work_b3ftiyv34jhylmblxzqccxhcby	1024	41	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	42	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1024	43	−αP2	−αP2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	45	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	46	τ2	τ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	47	E1[v	E1[v	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1024	48	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	49	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	50	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	51	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	52	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	53	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	54	p1	p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	55	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1024	56	a1si	a1si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	57	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1024	58	a1τ1	a1τ1	IN
work_b3ftiyv34jhylmblxzqccxhcby	1024	59	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	60	E1[v	e1[v	FW
work_b3ftiyv34jhylmblxzqccxhcby	1024	61	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	62	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1024	63	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	64	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	65	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	66	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	67	βαP2	βαP2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	68	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	69	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	70	+	+	FW
work_b3ftiyv34jhylmblxzqccxhcby	1024	71	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	72	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1024	73	−αP2	−αP2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	74	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	75	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	76	τ2	τ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	77	E1[v	E1[v	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1024	78	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	79	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	80	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	81	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	82	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	83	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	84	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1024	85	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1024	86	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1024	87	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	88	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1024	89	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	90	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	91	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	92	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	93	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1024	94	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1024	95	τi2)αE1	τi2)αE1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1024	96	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1024	97	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	98	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1024	99	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1024	100	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1024	101	τi2)2	τi2)2	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1024	102	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1024	103	τi1	τi1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1024	104	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1024	105	λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1024	106	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1024	107	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1024	108	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1024	109	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1024	110	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1024	111	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1024	112	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1024	113	τ	τ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1024	114	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1024	115	i2	i2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1024	116	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1025	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1025	2	A.8	A.8	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1025	4	Imposing	impose	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1025	5	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1025	6	clearing	clearing	NN
work_b3ftiyv34jhylmblxzqccxhcby	1025	7	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1025	8	x1	x1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1025	9	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1025	10	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1025	11	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1025	12	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1025	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1025	14	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1025	15	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1025	16	a1v	a1v	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1025	17	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1025	18	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1025	19	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1025	20	a1τ1	a1τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	21	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	22	E1[v	e1[v	FW
work_b3ftiyv34jhylmblxzqccxhcby	1025	23	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1025	24	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1025	25	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	26	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	27	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1025	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1025	29	βαP2	βαP2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	30	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	31	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	32	+	+	FW
work_b3ftiyv34jhylmblxzqccxhcby	1025	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1025	34	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1025	35	−αP2	−αP2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1025	37	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	38	τ2	τ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	39	E1[v	e1[v	FW
work_b3ftiyv34jhylmblxzqccxhcby	1025	40	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1025	41	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1025	42	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1025	43	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	44	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1025	45	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1025	46	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1025	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1026	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	1026	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1026	3	solving	solve	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1026	4	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1026	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1026	6	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1026	7	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1026	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1026	9	collecting	collect	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1026	10	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1026	11	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1026	12	p1	p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1026	13	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1026	14	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1026	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1026	16	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1026	17	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1026	18	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1026	19	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1026	20	βαP2	βαP2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1026	21	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1026	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1026	23	︸	︸	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1026	24	︷︷	︷︷	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1026	25	︸	︸	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1026	26	αP1	αP1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1026	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1026	28	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1026	29	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1026	30	θ1	θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1026	31	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1026	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1026	33	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1026	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1026	35	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1026	36	−αP1	−αP1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1026	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1026	38	E1[v	E1[v	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1026	39	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1026	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1027	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1027	2	A.9	A.9	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1027	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1027	4	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1027	5	Proof	Proof	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1027	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1027	7	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1027	8	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1027	9	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1027	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1027	11	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1027	12	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1027	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1027	14	rearranging	rearrange	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1027	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1027	16	A.2	A.2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1027	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1027	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1027	19	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1027	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1027	21	E2[v	e2[v	UH
work_b3ftiyv34jhylmblxzqccxhcby	1027	22	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1027	23	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1027	24	Λ2E2[θ2	Λ2E2[θ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1027	25	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1027	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1027	27	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1027	28	Λ2	Λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1027	29	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1027	30	Vari2[v]/γ	vari2[v]/γ	CD
work_b3ftiyv34jhylmblxzqccxhcby	1027	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1028	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1028	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1028	3	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1028	4	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1028	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1028	6	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1028	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1028	8	A.9	A.9	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1028	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1028	10	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1028	11	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1028	12	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1028	13	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1028	14	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1028	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1028	16	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1028	17	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1028	18	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1028	19	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1028	20	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1028	21	Vari2[v	Vari2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1028	22	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1028	23	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1028	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1028	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1029	1	By	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1029	2	definition	definition	NN
work_b3ftiyv34jhylmblxzqccxhcby	1029	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1029	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1029	5	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	1029	6	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	1029	7	obtained	obtain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1029	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1029	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1029	10	13	13	CD
work_b3ftiyv34jhylmblxzqccxhcby	1029	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1029	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1029	13	Λ1	λ1	UH
work_b3ftiyv34jhylmblxzqccxhcby	1029	14	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1029	15	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1029	16	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1029	17	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1029	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1030	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1030	2	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1030	3	Λ1	Λ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1030	4	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1030	5	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1030	6	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1030	7	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1030	8	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1030	9	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1030	10	Vari2[v	Vari2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1030	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1030	12	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1030	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1031	1	56	56	CD
work_b3ftiyv34jhylmblxzqccxhcby	1031	2	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1031	3	Proof	Proof	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1031	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1031	5	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1031	6	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1031	7	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1031	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1031	9	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1031	10	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1031	11	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1031	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1031	13	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	1031	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1031	15	A.4	a.4	NN
work_b3ftiyv34jhylmblxzqccxhcby	1031	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1031	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1032	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1032	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1032	3	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1032	4	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1032	5	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1032	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1032	7	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1032	8	rearrange	rearrange	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1032	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1032	10	A.9	A.9	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1032	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1032	12	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1032	13	obtain	obtain	VB
work_b3ftiyv34jhylmblxzqccxhcby	1032	14	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1032	15	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1032	16			NNP
work_b3ftiyv34jhylmblxzqccxhcby	1032	17	αP1a1	αp1a1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1032	18	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1032	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1032	20	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1032	21	−αP1	−αp1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1032	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1032	23	a1τuτ1︸	a1τuτ1︸	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1032	24	︷︷	︷︷	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1032	25	︸	︸	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1032	26	λ1	λ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1032	27			CD
work_b3ftiyv34jhylmblxzqccxhcby	1032	28	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1032	29	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1032	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1032	31	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1032	32	−αP1	−αP1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1032	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1032	34	τvτ1	τvτ1	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1032	35	v̄.	v̄.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1033	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1033	2	A.10	a.10	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1033	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1033	4	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1033	5	Proof	Proof	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1033	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1033	7	Proposition	Proposition	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1033	8	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1033	9	To	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1033	10	prove	prove	VB
work_b3ftiyv34jhylmblxzqccxhcby	1033	11	existence	existence	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	12	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1033	13	suffices	suffice	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1033	14	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1033	15	note	note	VB
work_b3ftiyv34jhylmblxzqccxhcby	1033	16	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1033	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1033	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1033	19	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1033	20	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1033	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1033	23	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	24	responsiveness	responsiveness	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	25	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1033	26	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1033	27	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	28	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1033	29	defined	define	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1033	30	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1033	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1033	32	fixed	fix	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1033	33	points	point	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1033	34	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1033	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1033	36	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1033	37	function	function	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	38	ψ(a1	ψ(a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1033	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1033	40	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1033	41	γ	γ	FW
work_b3ftiyv34jhylmblxzqccxhcby	1033	42	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1033	43	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1033	44	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1033	45	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	46	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1033	47	τi2)αE1	τi2)αE1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1033	48	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1033	49	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1033	50	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1033	51	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	52	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1033	53	τi2)2	τi2)2	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1033	54	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1033	55	τi1	τi1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	56	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1033	57	λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	58	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1033	59	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1033	60	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1033	61	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1033	62	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1033	63	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	64	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1033	65	τ	τ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	66	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1033	67	i2	i2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1033	68	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1034	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1034	2	A.11	a.11	LS
work_b3ftiyv34jhylmblxzqccxhcby	1034	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1034	4	By	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1034	5	inspection	inspection	NN
work_b3ftiyv34jhylmblxzqccxhcby	1034	6	φ(a1	φ(a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1034	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1034	8	≡	≡	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1034	9	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1034	10	−ψ(a1	−ψ(a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1034	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1034	12	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1034	13	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1034	14	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1034	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1034	16	quintic	quintic	NN
work_b3ftiyv34jhylmblxzqccxhcby	1034	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1034	18	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1034	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1034	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1034	21	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	1034	22	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	1034	23	possesses	possess	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1034	24	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1034	25	real	real	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1034	26	root	root	NN
work_b3ftiyv34jhylmblxzqccxhcby	1034	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1035	1	Note	note	VB
work_b3ftiyv34jhylmblxzqccxhcby	1035	2	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1035	3	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1035	4	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1035	5	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1035	6	>	>	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1035	7	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1035	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1035	9	otherwise	otherwise	RB
work_b3ftiyv34jhylmblxzqccxhcby	1035	10	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1035	11	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1035	12	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1035	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1035	14	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1035	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1035	16	view	view	NN
work_b3ftiyv34jhylmblxzqccxhcby	1035	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1035	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1035	19	A.11	a.11	NN
work_b3ftiyv34jhylmblxzqccxhcby	1035	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1035	21	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1035	22	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1035	23	contradiction	contradiction	NN
work_b3ftiyv34jhylmblxzqccxhcby	1035	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1036	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	1036	2	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1036	3	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1036	4	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1036	5	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1036	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1037	1	To	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1037	2	prove	prove	VB
work_b3ftiyv34jhylmblxzqccxhcby	1037	3	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1037	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1037	5	proceed	proceed	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1037	6	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1037	7	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1037	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1038	1	Note	note	VB
work_b3ftiyv34jhylmblxzqccxhcby	1038	2	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1038	3	φ(0	φ(0	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1038	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1038	5	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1038	6	−γ2τετu(a2	−γ2τετu(a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1038	7	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1038	8	γ(τη	γ(τη	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1038	9	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1038	10	a22τu))(τε	a22τu))(τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1038	11	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1038	12	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1038	13	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1038	14	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1038	15	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1038	16	2τu	2τu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1038	17	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1038	18	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1038	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1038	20	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1038	21	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1038	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1038	23	A.12a	a.12a	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1038	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1038	25	φ(a2	φ(a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1038	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1038	27	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1038	28	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1038	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1039	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1039	2	A.12b	A.12b	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1039	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1039	4	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	1039	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1039	6	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	1039	7	exists	exist	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1039	8	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1039	9	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1039	10	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1039	11	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1039	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1039	13	0,a2	0,a2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1039	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1039	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1040	1	Next	next	RB
work_b3ftiyv34jhylmblxzqccxhcby	1040	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1040	3	evaluating	evaluate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1040	4	φ	φ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1040	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	6	·	·	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1040	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	8	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1040	9	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1040	10	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1040	11	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	12	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1040	13	γτua2	γτua2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1040	14	γβτu	γβτu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1040	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1040	16	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1040	17	φ	φ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1040	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	19	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	20	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1040	21	γτua2	γτua2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1040	22	γβτu	γβτu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1040	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	24	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1040	25	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1040	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1040	27	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	1040	28	evaluating	evaluate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1040	29	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1040	30	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1040	31	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1040	32	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1040	33	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	34	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1040	35	3γτua2	3γτua2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	36	2γβτu	2γβτu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1040	38	57	57	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	39	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1040	40	φ	φ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1040	41	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	42	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	43	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1040	44	3γτua2	3γτua2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	45	2γβτu	2γβτu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	46	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	47	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1040	48	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1040	49	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1040	50	provided	provide	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1040	51	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1040	52	>	>	NN
work_b3ftiyv34jhylmblxzqccxhcby	1040	53	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	54	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	55	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	56	A.13a	a.13a	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1040	57	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	58	γ2τετu	γ2τετu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1040	59	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1040	60	2(2β	2(2β	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	61	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1040	62	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	63	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	64	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	65	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1040	66	2β	2β	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	67	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	68	A.13b	a.13b	NN
work_b3ftiyv34jhylmblxzqccxhcby	1040	69	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	70	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1040	71	≤	≤	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1040	72	τ̂η	τ̂η	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1040	73	≡	≡	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1040	74	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	75	1/4β	1/4β	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1040	76	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1040	77	3/8)γa32τ2u	3/8)γa32τ2u	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	78	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1040	79	1/2a22τu(β	1/2a22τu(β	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	80	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1040	81	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	82	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	83	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1040	84	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1040	85	γa2τu(3/2	γa2τu(3/2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1040	86	−β	−β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1040	87	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1040	88	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1041	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1041	2	A.13c	a.13c	LS
work_b3ftiyv34jhylmblxzqccxhcby	1041	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1041	4	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	1041	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1041	6	provided	provide	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1041	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1041	8	A.13a	a.13a	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1041	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1041	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1041	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1041	12	A.13b	a.13b	NN
work_b3ftiyv34jhylmblxzqccxhcby	1041	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1041	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1041	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1041	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1041	17	A.13c	a.13c	FW
work_b3ftiyv34jhylmblxzqccxhcby	1041	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1041	19	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1041	20	satisfied	satisfied	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1041	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1041	22	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1041	23	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1041	24	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1041	25	a∗∗1	a∗∗1	''
work_b3ftiyv34jhylmblxzqccxhcby	1041	26	exists	exist	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1041	27	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1041	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1041	29	interval	interval	NN
work_b3ftiyv34jhylmblxzqccxhcby	1041	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1041	31	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1041	32	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1041	33	γτua2	γτua2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1041	34	γβτu	γβτu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1041	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1041	36	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1041	37	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1041	38	3γτua2	3γτua2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1041	39	2γβτu	2γβτu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1041	40	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1041	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1042	1	Given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1042	2	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1042	3	φ	φ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1042	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1042	5	·	·	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1042	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1042	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1042	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1042	9	quintic	quintic	NN
work_b3ftiyv34jhylmblxzqccxhcby	1042	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1042	11	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1042	12	must	must	MD
work_b3ftiyv34jhylmblxzqccxhcby	1042	13	have	have	VB
work_b3ftiyv34jhylmblxzqccxhcby	1042	14	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1042	15	odd	odd	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1042	16	number	number	NN
work_b3ftiyv34jhylmblxzqccxhcby	1042	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1042	18	roots	root	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1042	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1042	20	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1042	21	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1042	22	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1042	23	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1042	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1042	25	A.13a	a.13a	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1042	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1042	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1042	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1042	29	A.13b	a.13b	NN
work_b3ftiyv34jhylmblxzqccxhcby	1042	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1042	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1042	32	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1042	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1042	34	A.13c	a.13c	FW
work_b3ftiyv34jhylmblxzqccxhcby	1042	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1042	36	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1042	37	satisfied	satisfied	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1042	38	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1042	39	least	least	RBS
work_b3ftiyv34jhylmblxzqccxhcby	1042	40	another	another	DT
work_b3ftiyv34jhylmblxzqccxhcby	1042	41	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1042	42	a∗∗∗1	a∗∗∗1	RB
work_b3ftiyv34jhylmblxzqccxhcby	1042	43	must	must	MD
work_b3ftiyv34jhylmblxzqccxhcby	1042	44	exist	exist	VB
work_b3ftiyv34jhylmblxzqccxhcby	1042	45	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1042	46	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1042	47	interval	interval	NN
work_b3ftiyv34jhylmblxzqccxhcby	1042	48	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1042	49	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1042	50	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1042	51	3γτua2	3γτua2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1042	52	2γβτu	2γβτu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1042	53	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1042	54	∞	∞	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1042	55	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1042	56	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1043	1	Given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1043	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1043	3	location	location	NN
work_b3ftiyv34jhylmblxzqccxhcby	1043	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1043	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1043	6	roots	root	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1043	7	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1043	8	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	1043	9	conclude	conclude	VB
work_b3ftiyv34jhylmblxzqccxhcby	1043	10	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1043	11	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1043	12	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1043	13	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1043	14	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1043	15	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1043	16	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1043	17	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1043	18	∗∗	∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1043	19	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1043	20	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1043	21	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1043	22	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1043	23	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1043	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1044	1	Further-	Further-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1044	2	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	1044	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1044	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1044	5	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1044	6	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1044	7	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1044	8	γτu∆a2	γτu∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1044	9	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1044	10			NN
work_b3ftiyv34jhylmblxzqccxhcby	1044	11			XX
work_b3ftiyv34jhylmblxzqccxhcby	1044	12	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1044	13	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1044	14	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1044	15	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1044	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1044	17	a	a	FW
work_b3ftiyv34jhylmblxzqccxhcby	1044	18	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1044	19	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1044	20	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1044	21	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1044	22	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1044	23	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1044	24	∈{a∗∗1	∈{a∗∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1044	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1044	26	a∗∗∗1	a∗∗∗1	LS
work_b3ftiyv34jhylmblxzqccxhcby	1044	27	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1044	28	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1044	29	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1044	30	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1044	31	λ∗2	λ∗2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1044	32	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1044	33	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1044	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1044	35	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	1044	36	λ	λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1044	37	∗∗	∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1044	38	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1044	39	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1044	40	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1044	41	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1044	42	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1044	43	λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1044	44	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1044	45	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1044	46	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1044	47	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1044	48	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1045	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	1045	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1045	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1045	4	prove	prove	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1045	5	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	1045	6	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1045	7	informativeness	informativeness	NN
work_b3ftiyv34jhylmblxzqccxhcby	1045	8	increases	increase	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1045	9	across	across	IN
work_b3ftiyv34jhylmblxzqccxhcby	1045	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1045	11	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	1045	12	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1045	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1046	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1046	2	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1046	3	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1046	4	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1046	5	immediate	immediate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1046	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1046	7	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	1046	8	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1046	9	increases	increase	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1046	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1046	11	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1046	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1047	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1047	2	τ2	τ2	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1047	3	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1047	4	one	one	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1047	5	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	1047	6	verify	verify	VB
work_b3ftiyv34jhylmblxzqccxhcby	1047	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1047	8	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1047	9	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1047	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1047	11	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1047	12	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1047	13	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1047	14	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1047	15	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1047	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1047	17	∗∗	∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1047	18	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1047	19	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1047	20	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1047	21	τ	τ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1047	22	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1047	23	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1047	24	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1047	25	τ	τ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1047	26	∗∗	∗∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1047	27	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1047	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1048	1	Furthermore	furthermore	RB
work_b3ftiyv34jhylmblxzqccxhcby	1048	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1048	3	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1048	4	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1048	5	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1048	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1048	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1048	8	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1048	9	γτua2)/(γβτu	γτua2)/(γβτu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1048	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1048	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1048	12	∂τ2	∂τ2	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1048	13	∂a1	∂a1	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1048	14	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1048	15	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1048	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1048	17	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1048	18	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1048	19	τ∗∗2	τ∗∗2	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1048	20	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1048	21	τ	τ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1048	22	∗∗∗	∗∗∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1048	23	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1048	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1049	1	58	58	CD
work_b3ftiyv34jhylmblxzqccxhcby	1049	2	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	1049	3	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	1049	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1049	5	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	1049	6	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1049	7	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1049	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1050	1	Then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	1050	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1050	3	φ	φ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	5	·	·	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1050	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	7	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1050	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1050	9	cubic	cubic	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1050	11	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1050	12	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1050	13	φ(a1	φ(a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1050	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	15	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1050	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1050	17	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	18	1τu((1	1τu((1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	19	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1050	20	γa2τu	γa2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1050	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	22	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	23	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1050	24	γ2τuτν	γ2τuτν	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1050	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	26	−a21γ	−a21γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1050	27	2a2τ	2a2τ	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	28	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	29	u(a	u(a	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	30	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	31	2τu	2τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	32	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1050	33	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	34	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1050	35	τν	τν	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	37	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	38	A.14	a.14	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	40	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1050	41	a1(3a2τu(a2(1	a1(3a2τu(a2(1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1050	42	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1050	43	γa2τu	γa2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1050	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	45	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1050	46	γτν	γτν	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	48	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1050	49	τv((1	τv((1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	50	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1050	51	γa2τu	γa2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1050	52	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	53	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	54	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1050	55	γ2τντv	γ2τντv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1050	56	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	57	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1050	58	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	59	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1050	60	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1050	61	2τu(τν	2τu(τν	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	62	+	+	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	63	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1050	64	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	65	2τu	2τu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	66	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	67	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	68	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	69	−γ2a2τu(a22τu	−γ2a2τu(a22τu	.
work_b3ftiyv34jhylmblxzqccxhcby	1050	70	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1050	71	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	72	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1050	73	τν)(τv	τν)(τv	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	74	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1050	75	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1050	76	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1050	77	2τu	2τu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	78	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1050	79	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	80	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1050	81	τν	τν	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	82	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1050	83	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1050	84	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1050	85	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1050	86	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1050	87	discriminant	discriminant	NN
work_b3ftiyv34jhylmblxzqccxhcby	1050	88	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1051	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1051	2	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1051	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1051	4	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1051	5	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1051	6	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1051	7	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1051	8	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	1051	9	exists	exist	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1051	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1051	11	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1051	12	equilib-	equilib-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1051	13	rium	rium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1051	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1051	15	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1051	16	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1051	17	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1051	18	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1051	19	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1051	20	responsiveness	responsiveness	NN
work_b3ftiyv34jhylmblxzqccxhcby	1051	21	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1051	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1052	1	To	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1052	2	locate	locate	VB
work_b3ftiyv34jhylmblxzqccxhcby	1052	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1052	4	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1052	6	note	note	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1052	7	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1052	8	φ	φ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1052	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	10	γ2a2τu(a	γ2a2τu(a	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1052	11	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	12	2τu	2τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	13	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1052	14	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	15	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1052	16	τν	τν	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	18	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	19	+	+	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	20	γ2τu(a	γ2τu(a	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	21	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	22	2τu	2τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	23	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1052	24	2τε	2τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	25	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1052	26	τν	τν	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	29	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1052	30	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1052	31	γ2a2τντu(a	γ2a2τντu(a	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1052	32	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	33	2τu	2τu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	34	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1052	35	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	36	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1052	37	τν	τν	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	39	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	40	+	+	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	41	γ2τu(a	γ2τu(a	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	42	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	43	2τu	2τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	44	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1052	45	2τε	2τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	46	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1052	47	τν	τν	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	48	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	49	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1052	50	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1052	51	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	52	A.15a	a.15a	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1052	53	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	54	φ(a2	φ(a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1052	55	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	56	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1052	57	a2(τv	a2(τv	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	58	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1052	59	τε(1	τε(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	60	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1052	61	γ	γ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1052	62	2τu(τν	2τu(τν	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	63	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1052	64	τε(3	τε(3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	65	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1052	66	2γa2τu	2γa2τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1052	67	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	68	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1052	69	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1052	70	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	71	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	72	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1052	73	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1052	74	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1052	75	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1053	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1053	2	A.15b	a.15b	LS
work_b3ftiyv34jhylmblxzqccxhcby	1053	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1053	4	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	1053	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1053	6	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1053	7	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1053	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1053	9	γ2a2τu(a	γ2a2τu(a	NN
work_b3ftiyv34jhylmblxzqccxhcby	1053	10	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1053	11	2τu	2τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1053	12	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1053	13	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1053	14	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1053	15	τν	τν	NN
work_b3ftiyv34jhylmblxzqccxhcby	1053	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1053	17	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1053	18	+	+	CD
work_b3ftiyv34jhylmblxzqccxhcby	1053	19	γ2τu(a	γ2τu(a	NN
work_b3ftiyv34jhylmblxzqccxhcby	1053	20	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1053	21	2τu	2τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1053	22	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1053	23	2τε	2τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1053	24	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1053	25	τν	τν	NN
work_b3ftiyv34jhylmblxzqccxhcby	1053	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1053	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1053	28	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1053	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1053	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1054	1	Furthermore	furthermore	RB
work_b3ftiyv34jhylmblxzqccxhcby	1054	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1054	3	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	1054	4	ψ′(a1	ψ′(a1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1054	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1054	6	∝	∝	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1054	7	2a1τu(γ2a2τu(a22τu	2a1τu(γ2a2τu(a22τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1054	8	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1054	9	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1054	10	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1054	11	τν	τν	NN
work_b3ftiyv34jhylmblxzqccxhcby	1054	12	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1054	13	−a1(1	−a1(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1054	14	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1054	15	γ	γ	IN
work_b3ftiyv34jhylmblxzqccxhcby	1054	16	2τu(a	2τu(a	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1054	17	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1054	18	2τu	2τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1054	19	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1054	20	2τε	2τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1054	21	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1054	22	τν	τν	NN
work_b3ftiyv34jhylmblxzqccxhcby	1054	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1054	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1054	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1054	26	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1054	27	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	1054	28	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1054	29	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	1054	30	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1054	31	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1054	32	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1054	33	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1054	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1054	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1054	36	weights	weight	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1054	37	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1054	38	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1054	39	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1054	40	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1054	41	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1054	42	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1054	43	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1054	44	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1054	45	strategic	strategic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1054	46	substitutes	substitute	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1054	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1055	1	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1055	2	Proof	Proof	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1055	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1055	4	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1055	5	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1055	6	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1055	7	any	any	DT
work_b3ftiyv34jhylmblxzqccxhcby	1055	8	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	1055	9	∈	∈	NN
work_b3ftiyv34jhylmblxzqccxhcby	1055	10	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1055	11	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1055	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1055	13	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1055	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1055	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1055	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1055	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1055	18	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1055	19	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1055	20	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1055	21	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1055	22	must	must	MD
work_b3ftiyv34jhylmblxzqccxhcby	1055	23	satisfy	satisfy	VB
work_b3ftiyv34jhylmblxzqccxhcby	1055	24	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1055	25	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1055	26	γτε	γτε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1055	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1056	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1056	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1056	3	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1056	4	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1056	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1056	6	assuming	assume	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1056	7	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1056	8	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1056	9	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1056	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1056	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1056	12	using	use	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1056	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1056	14	A.8	A.8	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1056	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1056	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1056	17	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1056	18	equilibrium	equilibrium	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1056	19	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1056	20	equilibrium	equilibrium	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1056	21	must	must	MD
work_b3ftiyv34jhylmblxzqccxhcby	1056	22	satisfy	satisfy	VB
work_b3ftiyv34jhylmblxzqccxhcby	1056	23	φ1(a1	φ1(a1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1056	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1056	25	≡	≡	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1056	26	a1λ2(τ2	a1λ2(τ2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1056	27	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1056	28	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1056	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1056	30	−γτε∆a2τu	−γτε∆a2τu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1056	31	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1056	32	a1(1	a1(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1056	33	+	+	DT
work_b3ftiyv34jhylmblxzqccxhcby	1056	34	γτu∆a2	γτu∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1056	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1056	36	−γ2τε∆a2τu	−γ2τε∆a2τu	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1056	37	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1056	38	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1056	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1057	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1057	2	A.16	a.16	NN
work_b3ftiyv34jhylmblxzqccxhcby	1057	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1057	4	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1057	5	above	above	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1057	6	equation	equation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1057	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1057	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1057	9	quadratic	quadratic	NN
work_b3ftiyv34jhylmblxzqccxhcby	1057	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1057	11	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1057	12	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1057	13	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1057	14	any	any	DT
work_b3ftiyv34jhylmblxzqccxhcby	1057	15	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1057	16	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1057	17	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1057	19	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1057	20	>	>	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1057	21	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	22	possesses	possess	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1057	23	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	24	59	59	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	25	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1057	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1057	27	real	real	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1057	28	solutions	solution	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1057	29	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1057	30	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1057	31	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1057	32	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	33	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1057	34	γτua2(1	γτua2(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1057	35	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1057	36	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	1057	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1057	38	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1057	39	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1057	40	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1057	41	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	42	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1057	43	γτua2(1	γτua2(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1057	44	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1057	45	β))2	β))2	:
work_b3ftiyv34jhylmblxzqccxhcby	1057	46	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1057	47	4β(γτua2)2	4β(γτua2)2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	48	2βγτu	2βγτu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	49	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1057	50	A.17	a.17	NN
work_b3ftiyv34jhylmblxzqccxhcby	1057	51	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1057	52	a∗∗1	a∗∗1	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1057	53	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1057	54	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	55	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1057	56	γτua2(1	γτua2(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1057	57	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1057	58	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	1057	59	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1057	60	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1057	61	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1057	62	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1057	63	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	64	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1057	65	γτua2(1	γτua2(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1057	66	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1057	67	β))2	β))2	:
work_b3ftiyv34jhylmblxzqccxhcby	1057	68	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1057	69	4β(γτua2)2	4β(γτua2)2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	70	2βγτu	2βγτu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	71	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1057	72	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1057	73	A.18	a.18	LS
work_b3ftiyv34jhylmblxzqccxhcby	1057	74	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1057	75	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1057	76	a∗∗1	a∗∗1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	77	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1057	78	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1057	79	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1057	80	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1057	81	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1058	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1058	2	proves	prove	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1058	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1058	4	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1058	5	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1058	6	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1058	7	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1058	8	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	1058	9	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1058	10	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	1058	11	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1058	12	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1058	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1059	1	Inspection	inspection	NN
work_b3ftiyv34jhylmblxzqccxhcby	1059	2	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1059	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1059	4	above	above	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1059	5	expressions	expression	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1059	6	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1059	7	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1059	8	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1059	9	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1059	10	βa	βa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1059	11	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1059	12	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1059	13	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1059	14	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1059	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1059	16	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	1059	17	βa	βa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1059	18	∗∗	∗∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1059	19	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1059	20	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1059	21	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1059	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1060	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1060	2	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	1060	3	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1060	4	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1060	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1060	6	Var1[p2	Var1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1060	7	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1060	8	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1060	9	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1060	10	substituting	substitute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1060	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1060	12	A.17	a.17	NN
work_b3ftiyv34jhylmblxzqccxhcby	1060	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1060	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1060	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1060	16	A.18	a.18	CD
work_b3ftiyv34jhylmblxzqccxhcby	1060	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1060	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1060	19	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	1060	20	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1060	21	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1060	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1060	23	Var1[p2	Var1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1060	24	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1060	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1061	1	To	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1061	2	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	1061	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1061	4	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1061	5	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1061	6	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	1061	7	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1061	8	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1061	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1061	10	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1061	11	note	note	NN
work_b3ftiyv34jhylmblxzqccxhcby	1061	12	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1061	13	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1061	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1061	15	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1061	16	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1061	17	Var[v|z1]−1	Var[v|z1]−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1061	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1061	19	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1061	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1061	21	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1061	22	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1061	23	a21τu	a21τu	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1061	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1062	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1062	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1062	3	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1062	4	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1062	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1062	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1062	7	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1062	8	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1062	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1062	10	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1062	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1062	12	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	1062	13	informative	informative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1062	14	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	1062	15	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1062	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1062	17	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	1062	18	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1062	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1062	20	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	1062	21	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1062	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1062	23	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1062	24	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1062	25	β2	β2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1062	26	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1062	27	γa2τu((1	γa2τu((1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1062	28	−β2	−β2	RB
work_b3ftiyv34jhylmblxzqccxhcby	1062	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1062	30	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1062	31	β(1	β(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1062	32	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1062	33	β2	β2	.
work_b3ftiyv34jhylmblxzqccxhcby	1062	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1062	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1062	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1062	37	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1062	38	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1062	39	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1062	40	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1062	41	γa2τu(1	γa2τu(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1062	42	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1062	43	β))2	β))2	:
work_b3ftiyv34jhylmblxzqccxhcby	1062	44	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1062	45	4β(γa2τu)2	4β(γa2τu)2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1062	46	γ2β2τu	γ2β2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1062	47	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1062	48	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1062	49	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1062	50	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1062	51	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1062	52	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	1062	53	true	true	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1062	54	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1063	1	Given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1063	2	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1063	3	τi2	τi2	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1063	4	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1063	5	τ2	τ2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1063	6	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1063	7	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1063	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1063	9	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1063	10	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	1063	11	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1063	12	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1063	13	Λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1063	14	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1063	15	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1063	16	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1063	17	Λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1063	18	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1063	19	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1063	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1064	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	1064	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1064	3	substitution	substitution	NN
work_b3ftiyv34jhylmblxzqccxhcby	1064	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1064	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1064	6	A.17	a.17	NN
work_b3ftiyv34jhylmblxzqccxhcby	1064	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1064	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1064	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1064	10	A.18	a.18	LS
work_b3ftiyv34jhylmblxzqccxhcby	1064	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1064	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1064	13	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1064	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1064	15	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1064	16	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1064	17	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1064	18	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1064	19	∗∗∗	∗∗∗	FW
work_b3ftiyv34jhylmblxzqccxhcby	1064	20	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1064	21	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1064	22	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1064	23	∗.	∗.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1065	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1065	2	view	view	NN
work_b3ftiyv34jhylmblxzqccxhcby	1065	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1065	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1065	5	15	15	CD
work_b3ftiyv34jhylmblxzqccxhcby	1065	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1065	7	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1065	8	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1065	9	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1065	10	Λ∗∗∗1	Λ∗∗∗1	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1065	11	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1065	12	Λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1065	13	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1065	14	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1065	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1066	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1066	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	3	→	→	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1066	4	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1066	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1066	6	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1066	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1066	8	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	9	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1066	10	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1066	11	lim	lim	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1066	12	β→0	β→0	XX
work_b3ftiyv34jhylmblxzqccxhcby	1066	13	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1066	14	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1066	15	γτu(a2	γτu(a2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1066	16	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1066	17	βγτε	βγτε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1066	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1066	19	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1066	20	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	21	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1066	22	+	+	CD
work_b3ftiyv34jhylmblxzqccxhcby	1066	23	γτu(2(a2	γτu(2(a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	24	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1066	25	βγτε	βγτε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1066	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1066	27	+	+	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1066	28	γτu(a2	γτu(a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	29	−βγτε)2	−βγτε)2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1066	31	2βγτu	2βγτu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1066	32	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1066	33	∞	∞	FW
work_b3ftiyv34jhylmblxzqccxhcby	1066	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1066	35	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	1066	36	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1066	37	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1066	38	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	1066	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1066	40	using	use	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1066	41	l’Hospital	l’Hospital	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	42	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	1066	43	rule	rule	NN
work_b3ftiyv34jhylmblxzqccxhcby	1066	44	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1066	45	lim	lim	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	46	β→0	β→0	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	47	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1066	48	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1066	49	γτu(a2	γτu(a2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1066	50	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1066	51	βγτε	βγτε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1066	52	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1066	53	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	54	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	55	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1066	56	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1066	57	γτu(2(a2	γτu(2(a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	58	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1066	59	βγτε	βγτε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1066	60	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1066	61	+	+	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1066	62	γτu(a2	γτu(a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	63	−βγτε)2	−βγτε)2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	64	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1066	65	2βγτu	2βγτu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1066	66	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1066	67	γa22τu	γa22τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	68	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1066	69	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1066	70	γa2τu	γa2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1066	71	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1067	1	From	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1067	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1067	3	A.19	a.19	VB
work_b3ftiyv34jhylmblxzqccxhcby	1067	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1067	5	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1067	6	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	1067	7	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1067	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1067	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1067	10	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1067	11	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1067	12	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1067	13	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1067	14	αE1	αe1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1067	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1068	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	1068	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1068	3	defining	define	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1068	4	a∗10	a∗10	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1068	5	=	=	NN
work_b3ftiyv34jhylmblxzqccxhcby	1068	6	γa22τu	γa22τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1068	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1068	8	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1068	9	γa2τu	γa2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1068	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1068	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1068	12	taking	take	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1068	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1068	14	limit	limit	NN
work_b3ftiyv34jhylmblxzqccxhcby	1068	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1068	16	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1068	17	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1068	18	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1068	19	→	→	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1068	20	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1068	21	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1068	22	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1068	23	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1068	24	a∗10	a∗10	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1068	25	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1068	26	lim	lim	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1068	27	β→0	β→0	XX
work_b3ftiyv34jhylmblxzqccxhcby	1068	28	λ∗2	λ∗2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1068	29	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1068	30	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1068	31	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1068	32	γτua2	γτua2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1068	33	γ(τv	γ(τv	NN
work_b3ftiyv34jhylmblxzqccxhcby	1068	34	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1068	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1068	36	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1068	37	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1068	38	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1068	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1068	40	2τu	2τu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1068	41	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1068	42	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1068	43	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1068	44	2τu	2τu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1068	45	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1068	46	τε	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1068	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1068	48	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1068	49	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1068	50	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1068	51	whereas	whereas	IN
work_b3ftiyv34jhylmblxzqccxhcby	1068	52	limβ→0	limβ→0	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1068	53	λ	λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1068	54	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1068	55	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1068	56	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1068	57	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1068	58	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1069	1	2	2	LS
work_b3ftiyv34jhylmblxzqccxhcby	1069	2	60	60	CD
work_b3ftiyv34jhylmblxzqccxhcby	1069	3	Proof	Proof	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1069	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1069	5	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1069	6	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	1069	7	Starting	start	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1069	8	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1069	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1069	10	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	1069	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1069	12	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1069	13	need	need	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1069	14	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1069	15	verify	verify	VB
work_b3ftiyv34jhylmblxzqccxhcby	1069	16	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	1069	17	|ψ′(a∗1)|	|ψ′(a∗1)|	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1069	18	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1069	19	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1069	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1069	21	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	1069	22	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1069	23	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1069	24	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1069	25	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1069	26	a∗1	a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1069	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1069	28	γβa2τu	γβa2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1069	29	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1069	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1069	31	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1069	32	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1069	33	γτu∆a2	γτu∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1069	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1069	35	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1069	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1070	1	Substituting	substitute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1070	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1070	3	A.17	a.17	NN
work_b3ftiyv34jhylmblxzqccxhcby	1070	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1070	5	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1070	6	R.H.S.	R.H.S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1071	1	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1071	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1071	3	above	above	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1071	4	inequality	inequality	NN
work_b3ftiyv34jhylmblxzqccxhcby	1071	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1071	6	rearranging	rearranging	NN
work_b3ftiyv34jhylmblxzqccxhcby	1071	7	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1071	8	|ψ′(a∗1)|	|ψ′(a∗1)|	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1071	9	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1071	10	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1071	11	⇐	⇐	CD
work_b3ftiyv34jhylmblxzqccxhcby	1071	12	⇒	⇒	CD
work_b3ftiyv34jhylmblxzqccxhcby	1071	13	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1071	14	2(1	2(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1071	15	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1071	16	a2γτu(1	a2γτu(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1071	17	−β))(1	−β))(1	:
work_b3ftiyv34jhylmblxzqccxhcby	1071	18	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1071	19	a2γτu(1	a2γτu(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1071	20	−β	−β	CD
work_b3ftiyv34jhylmblxzqccxhcby	1071	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1071	22	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1071	23	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1071	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1071	25	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1071	26	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1071	27	γτua2(1	γτua2(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1071	28	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1071	29	β))2	β))2	:
work_b3ftiyv34jhylmblxzqccxhcby	1071	30	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1071	31	4β(γτua2)2	4β(γτua2)2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1071	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1071	33	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1071	34	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1071	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1071	36	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1071	37	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1071	38	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	1071	39	satisfied	satisfied	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1071	40	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1072	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1072	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1072	3	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1072	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1072	5	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1072	6	need	need	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1072	7	instead	instead	RB
work_b3ftiyv34jhylmblxzqccxhcby	1072	8	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1072	9	verify	verify	VB
work_b3ftiyv34jhylmblxzqccxhcby	1072	10	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	1072	11	|ψ′(a∗∗∗1	|ψ′(a∗∗∗1	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1072	12	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1072	13	|	|	CD
work_b3ftiyv34jhylmblxzqccxhcby	1072	14	>	>	NN
work_b3ftiyv34jhylmblxzqccxhcby	1072	15	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1072	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1072	17	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	1072	18	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1072	19	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1072	20	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1072	21	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1072	22	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1072	23	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1072	24	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1072	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1072	26	γβa2τu	γβa2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1072	27	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1072	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1072	29	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1072	30	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1072	31	γτu∆a2	γτu∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1072	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1072	33	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1072	34	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1073	1	Substituting	Substituting	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1073	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1073	3	A.18	a.18	NN
work_b3ftiyv34jhylmblxzqccxhcby	1073	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1073	5	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1073	6	R.H.S.	R.H.S.	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1074	1	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1074	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1074	3	above	above	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1074	4	inequality	inequality	NN
work_b3ftiyv34jhylmblxzqccxhcby	1074	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1074	6	rearranging	rearranging	NN
work_b3ftiyv34jhylmblxzqccxhcby	1074	7	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1074	8	|ψ′(a∗∗∗1	|ψ′(a∗∗∗1	UH
work_b3ftiyv34jhylmblxzqccxhcby	1074	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1074	10	|	|	CD
work_b3ftiyv34jhylmblxzqccxhcby	1074	11	>	>	NN
work_b3ftiyv34jhylmblxzqccxhcby	1074	12	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1074	13	⇐	⇐	CD
work_b3ftiyv34jhylmblxzqccxhcby	1074	14	⇒	⇒	CD
work_b3ftiyv34jhylmblxzqccxhcby	1074	15	2(1	2(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1074	16	+	+	CD
work_b3ftiyv34jhylmblxzqccxhcby	1074	17	a2γτu(1	a2γτu(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1074	18	−β))(−(1	−β))(−(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1074	19	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1074	20	a2γτu(1	a2γτu(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1074	21	−β	−β	CD
work_b3ftiyv34jhylmblxzqccxhcby	1074	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1074	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1074	24	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1074	25	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1074	26	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1074	27	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1074	28	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1074	29	γτua2(1	γτua2(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1074	30	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1074	31	β))2	β))2	:
work_b3ftiyv34jhylmblxzqccxhcby	1074	32	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1074	33	4β(γτua2)2	4β(γτua2)2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1074	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1074	35	>	>	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1074	36	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1074	37	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1074	38	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1074	39	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1074	40	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	1074	41	satisfied	satisfied	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1074	42	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1074	43	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	1074	44	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1074	45	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1074	46	factor	factor	NN
work_b3ftiyv34jhylmblxzqccxhcby	1074	47	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1074	48	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1074	49	product	product	NN
work_b3ftiyv34jhylmblxzqccxhcby	1074	50	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1074	51	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1074	52	R.H.S.	r.h.s.	NN
work_b3ftiyv34jhylmblxzqccxhcby	1075	1	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1075	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1075	3	above	above	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1075	4	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	1075	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1075	6	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1075	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1075	8	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	1075	9	manipulating	manipulate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1075	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1075	11	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1075	12	factor	factor	NN
work_b3ftiyv34jhylmblxzqccxhcby	1075	13	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1075	14	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1075	15	√	√	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1075	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1075	17	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1075	18	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1075	19	γτua2(1	γτua2(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1075	20	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1075	21	β))2	β))2	:
work_b3ftiyv34jhylmblxzqccxhcby	1075	22	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1075	23	4β(γτua2)2	4β(γτua2)2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1075	24	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1075	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1075	26	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1075	27	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1075	28	a2γτu(1	a2γτu(1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1075	29	−β	−β	CD
work_b3ftiyv34jhylmblxzqccxhcby	1075	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1075	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1075	32	⇐	⇐	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1075	33	⇒	⇒	CD
work_b3ftiyv34jhylmblxzqccxhcby	1075	34	4a2βγτu	4a2βγτu	CD
work_b3ftiyv34jhylmblxzqccxhcby	1075	35	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1075	36	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1075	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1076	1	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1076	2	Proof	Proof	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1076	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1076	4	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1076	5	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1076	6	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1076	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1076	8	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1076	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1076	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1076	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1076	12	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	1076	13	follows	follow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1076	14	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1076	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1076	16	fact	fact	NN
work_b3ftiyv34jhylmblxzqccxhcby	1076	17	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1076	18	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	1076	19	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1076	20	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1076	21	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1076	22	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1076	23	γτε	γτε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1076	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1076	25	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1076	26	αE2	αE2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1076	27	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1076	28	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1076	29	Vari2[v	Vari2[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1076	30	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1076	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1077	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1077	2	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1077	3	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1077	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1077	5	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1077	6	X1(si	x1(si	NN
work_b3ftiyv34jhylmblxzqccxhcby	1077	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1077	8	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1077	10	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1077	11	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1077	13	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	14	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	15	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1077	16	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1077	17	τi2)Ei1[v	τi2)Ei1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	18	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1077	19	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	20	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1077	21	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1077	22	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	23	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	24	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1077	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1077	26	βαP2	βαP2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	27	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	28	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	29	+	+	FW
work_b3ftiyv34jhylmblxzqccxhcby	1077	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1077	31	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1077	32	−αP2	−αP2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1077	34	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	35	τ2	τ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	36	E1[v	E1[v	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1077	37	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1077	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1077	39	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	40	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	41	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1077	42	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1077	43	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1077	44	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1078	1	61	61	CD
work_b3ftiyv34jhylmblxzqccxhcby	1078	2	Adding	add	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1078	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1078	4	subtracting	subtracting	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	6	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	7	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1078	8	αE1	αe1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1078	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	10	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1078	11	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1078	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1078	13	right	right	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1078	14	hand	hand	NN
work_b3ftiyv34jhylmblxzqccxhcby	1078	15	side	side	NN
work_b3ftiyv34jhylmblxzqccxhcby	1078	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1078	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1078	18	above	above	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1078	19	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	1078	20	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1078	21	X1(si	x1(si	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1078	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1078	23	z1	z1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1078	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	25	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1078	26	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	27	αE1	αE1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	29	Ei1[v	ei1[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1078	30	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	31	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	33	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1078	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	35	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	36	αE1	αE1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	37	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	38	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	39	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	40	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	41	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	42	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1078	43	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1078	44	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	45	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	46	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	47	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	48	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	49	γτi2	γτi2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	50	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	51	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1078	52	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1078	53	τi2	τi2	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	1078	54	E1[v	e1[v	FW
work_b3ftiyv34jhylmblxzqccxhcby	1078	55	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	56	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1078	57	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1079	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1079	2	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1079	3	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1079	4	third	third	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1079	5	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1079	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1079	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1079	8	above	above	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1079	9	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	1079	10	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	1079	11	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	1079	12	rewritten	rewrite	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1079	13	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1079	14	obtain	obtain	VB
work_b3ftiyv34jhylmblxzqccxhcby	1079	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1079	16	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	17	αE1	αE1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	18	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	19	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	20	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	21	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1079	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1079	23	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1079	24	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1079	25	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	26	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	27	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1079	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1079	29	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	30	γτi2	γτi2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	31	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	32	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1079	33	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	34	τi2	τi2	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	1079	35	E1[v	e1[v	FW
work_b3ftiyv34jhylmblxzqccxhcby	1079	36	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1079	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1079	38	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1079	39	β(1	β(1	XX
work_b3ftiyv34jhylmblxzqccxhcby	1079	40	−αP1	−αp1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1079	41	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1079	42	−γτ1αP1	−γτ1αP1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	43	a1τi2Vari1[p2	a1τi2vari1[p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1079	44	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1079	45	E1[θ1	e1[θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1079	46	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1079	47	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1079	48	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1079	49	−αE1	−αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	1079	50	αE1	αe1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1079	51	E1[θ1	E1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1079	52	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1079	53	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1080	1	Note	note	VB
work_b3ftiyv34jhylmblxzqccxhcby	1080	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1080	3	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	1080	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1080	5	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1080	6	setting	set	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1080	7	ρ	ρ	CC
work_b3ftiyv34jhylmblxzqccxhcby	1080	8	≡	≡	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1080	9	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1080	10	/	/	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1080	11	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1080	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1080	13	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1080	14	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	1080	15	express	express	VB
work_b3ftiyv34jhylmblxzqccxhcby	1080	16	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1080	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1080	18	αE1	αe1	FW
work_b3ftiyv34jhylmblxzqccxhcby	1080	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1080	20	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1080	21	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1080	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1080	23	βρ−	βρ−	CD
work_b3ftiyv34jhylmblxzqccxhcby	1080	24	1)τ1	1)τ1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1080	25	τi2	τi2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1080	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1080	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1081	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1081	2	A.19	a.19	VB
work_b3ftiyv34jhylmblxzqccxhcby	1081	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1081	4	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1081	5	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1081	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1081	7	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1081	8	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1081	9	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1081	10	a	a	FW
work_b3ftiyv34jhylmblxzqccxhcby	1081	11	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1081	12	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1081	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1081	14	αP1	αp1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1081	15	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1081	16	αE1	αe1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1081	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1081	18	whereas	whereas	IN
work_b3ftiyv34jhylmblxzqccxhcby	1081	19	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1081	20	opposite	opposite	NN
work_b3ftiyv34jhylmblxzqccxhcby	1081	21	holds	hold	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1081	22	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1081	23	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1081	24	∈{a∗∗1	∈{a∗∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1081	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1081	26	a∗∗∗1	a∗∗∗1	LS
work_b3ftiyv34jhylmblxzqccxhcby	1081	27	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1081	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1082	1	To	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1082	2	differentiate	differentiate	VB
work_b3ftiyv34jhylmblxzqccxhcby	1082	3	xi2	xi2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1082	4	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1082	5	respect	respect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1082	6	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1082	7	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1082	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1082	9	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1082	10	first	first	RB
work_b3ftiyv34jhylmblxzqccxhcby	1082	11	express	express	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1082	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1082	13	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1082	14	contained	contain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1082	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1082	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1082	17	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	1082	18	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	1082	19	forecast	forecast	NN
work_b3ftiyv34jhylmblxzqccxhcby	1082	20	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1082	21	terms	term	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1082	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1082	23	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1082	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1083	1	To	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1083	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1083	3	end	end	NN
work_b3ftiyv34jhylmblxzqccxhcby	1083	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1083	5	use	use	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1083	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1083	7	A.4	a.4	NN
work_b3ftiyv34jhylmblxzqccxhcby	1083	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1083	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1083	10	write	write	VB
work_b3ftiyv34jhylmblxzqccxhcby	1083	11	z2	z2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1083	12	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1083	13	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1083	14	λ2	λ2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1083	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1083	16	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1083	17	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1083	18	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1083	19	τi2	τi2	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1083	20	sP	sP	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1083	21	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1083	22	βαP2	βαP2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1083	23	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1083	24	z1	z1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1083	25	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1083	26	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1083	27	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1083	28	−αP2	−αP2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1083	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1083	30	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1083	31	τ2	τ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1083	32	E1[v	e1[v	FW
work_b3ftiyv34jhylmblxzqccxhcby	1083	33	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1083	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1083	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1084	1	Substituting	substitute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1084	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1084	3	above	above	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1084	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1084	5	Ei2[v	ei2[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1084	6	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1084	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1084	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1084	9	differentiating	differentiate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1084	10	xi2	xi2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1084	11	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1084	12	respect	respect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1084	13	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1084	14	p2	p2	VB
work_b3ftiyv34jhylmblxzqccxhcby	1084	15	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1084	16	∂xi2	∂xi2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1084	17	∂p2	∂p2	,
work_b3ftiyv34jhylmblxzqccxhcby	1084	18	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1084	19	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1084	20	γτi2	γτi2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1084	21	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1084	22	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1084	23	γτu∆a2	γτu∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1084	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1085	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1085	2	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1085	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1085	4	a	a	FW
work_b3ftiyv34jhylmblxzqccxhcby	1085	5	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1085	6	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1085	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1085	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1085	9	know	know	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1085	10	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1085	11	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1085	12	>	>	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1085	13	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1085	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1085	15	so	so	IN
work_b3ftiyv34jhylmblxzqccxhcby	1085	16	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1085	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1085	18	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1085	19	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1085	20	reinforces	reinforce	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1085	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1085	22	substi-	substi-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1085	23	tution	tution	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1085	24	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1085	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1085	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1085	27	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	1085	28	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1085	29	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1085	30	normal	normal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1085	31	good	good	NN
work_b3ftiyv34jhylmblxzqccxhcby	1085	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1086	1	Conversely	conversely	RB
work_b3ftiyv34jhylmblxzqccxhcby	1086	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1086	3	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1086	4	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1086	5	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	1086	6	arise	arise	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1086	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1086	8	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1086	9	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1086	10	∈{a∗∗1	∈{a∗∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1086	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1086	12	a∗∗∗1	a∗∗∗1	UH
work_b3ftiyv34jhylmblxzqccxhcby	1086	13	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1086	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1086	15	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1086	16	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1086	17	γτu∆a2	γτu∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1086	18	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1086	19	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1086	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1086	21	implying	imply	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1086	22	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1086	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1086	24	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	1086	25	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1086	26	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1086	27	Giffen	Giffen	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1086	28	good	good	NN
work_b3ftiyv34jhylmblxzqccxhcby	1086	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1087	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	1087	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1087	3	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1087	4	compute	compute	VB
work_b3ftiyv34jhylmblxzqccxhcby	1087	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1087	6	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1087	7	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1087	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1087	9	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1087	10	Covi1[v	Covi1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1087	11	−p2,p2	−p2,p2	DT
work_b3ftiyv34jhylmblxzqccxhcby	1087	12	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1087	13	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1087	14	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1087	15	Covi1[v	Covi1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1087	16	−p2,p2	−p2,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1087	17	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1087	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1087	19	Covi1[v	Covi1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1087	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1087	21	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1087	22	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1087	23	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1087	24	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1087	25	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1087	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1088	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1088	2	A.20	a.20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1088	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1088	4	62	62	CD
work_b3ftiyv34jhylmblxzqccxhcby	1088	5	Using	use	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1088	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1088	7	16b	16b	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1088	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1088	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1088	10	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1088	11	obtain	obtain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1088	12	Covi1[v	Covi1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1088	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1088	14	p2	p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1088	15	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1088	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1088	17	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1088	18	τi1	τi1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1088	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1088	20	λ2∆a2	λ2∆a2	UH
work_b3ftiyv34jhylmblxzqccxhcby	1088	21	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1088	22	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1088	23	τi1	τi1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1088	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1088	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1089	1	On	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1089	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1089	3	other	other	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1089	4	hand	hand	NN
work_b3ftiyv34jhylmblxzqccxhcby	1089	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1089	6	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1089	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1089	8	A.11	a.11	NN
work_b3ftiyv34jhylmblxzqccxhcby	1089	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1089	10	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1089	11	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1089	12	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1089	13	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1089	14	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1089	15	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1089	16	τi1	τi1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1089	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1089	18	λ2∆a2	λ2∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1089	19	+	+	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1089	20	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1089	21	τi2	τi2	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1089	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1089	23	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1089	24	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1089	25	λ22	λ22	NN
work_b3ftiyv34jhylmblxzqccxhcby	1089	26	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1089	27	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1089	28	τη	τη	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1089	29	τ2i2	τ2i2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1089	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1090	1	Substituting	substitute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1090	2	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	1090	3	expressions	expression	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1090	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1090	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1090	6	A.20	a.20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1090	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1090	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1090	9	rearranging	rearrange	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1090	10	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1090	11	Covi1[v	Covi1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1090	12	−p2,p2	−p2,p2	DT
work_b3ftiyv34jhylmblxzqccxhcby	1090	13	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1090	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1090	15	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1090	16	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1090	17	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1090	18	γτi1τi2	γτi1τi2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1090	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1090	20	λ2(τi2	λ2(τi2	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1090	21	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1090	22	τη	τη	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1090	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1090	24	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1090	25	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1090	26	∆a2τη	∆a2τη	CD
work_b3ftiyv34jhylmblxzqccxhcby	1090	27	τi2	τi2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1090	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1090	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1091	1	According	accord	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1091	2	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1091	3	Proposition	proposition	NN
work_b3ftiyv34jhylmblxzqccxhcby	1091	4	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1091	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1091	6	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1091	7	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1091	8	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1091	9	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1091	10	a∗∗1	a∗∗1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1091	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1091	12	a∗∗∗1	a∗∗∗1	LS
work_b3ftiyv34jhylmblxzqccxhcby	1091	13	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1091	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1091	15	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1091	16	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1091	17	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1091	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1091	19	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1091	20	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1091	21	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1091	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1092	1	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	1092	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1092	3	Covi1[v	Covi1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1092	4	−p2,p2	−p2,p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1092	5	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1092	6	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1092	7	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1092	8	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1092	9	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1093	1	Conversely	conversely	RB
work_b3ftiyv34jhylmblxzqccxhcby	1093	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1093	3	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1093	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1093	5	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1093	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1093	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1093	8	opposite	opposite	NN
work_b3ftiyv34jhylmblxzqccxhcby	1093	9	occurs	occur	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1093	10	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1094	1	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1094	2	Proof	Proof	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1094	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1094	4	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1094	5	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1094	6	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1094	7	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1094	8	already	already	RB
work_b3ftiyv34jhylmblxzqccxhcby	1094	9	established	establish	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1094	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1094	11	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1094	12	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1094	13	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1094	14	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1094	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1094	16	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1094	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1094	18	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1094	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1094	20	αP1	αp1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1094	21	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1094	22	αE1	αe1	FW
work_b3ftiyv34jhylmblxzqccxhcby	1094	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1094	24	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1094	25	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1094	26	αE1	αe1	XX
work_b3ftiyv34jhylmblxzqccxhcby	1094	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1094	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1095	1	Now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	1095	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1095	3	using	use	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1095	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	5	12	12	CD
work_b3ftiyv34jhylmblxzqccxhcby	1095	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1095	8	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1095	9	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	1095	10	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1095	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1095	12	v	v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1095	13	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1095	14	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1095	15	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1095	16	Cov[v	Cov[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1095	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1095	18	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1095	19	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	20	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1095	21	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1095	22	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1095	23	τv	τv	NN
work_b3ftiyv34jhylmblxzqccxhcby	1095	24	+	+	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1095	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	26	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1095	27	−αP1	−αp1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1095	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	30	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1095	31	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1095	32	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1095	33	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1095	34	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1095	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1095	37	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	38	A.21	a.21	LS
work_b3ftiyv34jhylmblxzqccxhcby	1095	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	40	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1095	41	carrying	carry	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1095	42	out	out	RP
work_b3ftiyv34jhylmblxzqccxhcby	1095	43	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1095	44	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1095	45	computation	computation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1095	46	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1095	47	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1095	48	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1095	49	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1095	50	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	1095	51	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	1095	52	Cov	Cov	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1095	53	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	54	Ē1[v],v	ē1[v],v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1095	55	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	56	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1095	57	αE1	αE1	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1095	58	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1095	59	τv	τv	NN
work_b3ftiyv34jhylmblxzqccxhcby	1095	60	+	+	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1095	61	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	62	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1095	63	−αE1	−αe1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1095	64	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	65	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	66	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1095	67	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1095	68	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1095	69	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1095	70	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1095	71	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1095	72	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1096	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1096	2	A.22	a.22	UH
work_b3ftiyv34jhylmblxzqccxhcby	1096	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1096	4	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1096	5	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	1096	6	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	1096	7	subtract	subtract	VB
work_b3ftiyv34jhylmblxzqccxhcby	1096	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1096	9	A.22	a.22	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1096	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1096	11	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1096	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1096	13	A.21	a.21	NN
work_b3ftiyv34jhylmblxzqccxhcby	1096	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1096	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1096	16	obtain	obtain	VB
work_b3ftiyv34jhylmblxzqccxhcby	1096	17	Cov	Cov	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1096	18	[	[	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1096	19	p1	p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1096	20	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1096	21	Ē1[v],v	Ē1[v],v	.
work_b3ftiyv34jhylmblxzqccxhcby	1096	22	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1096	23	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1096	24	αP1	αp1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1096	25	−αE1	−αE1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1096	26	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1096	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1096	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1096	29	A.23	a.23	UH
work_b3ftiyv34jhylmblxzqccxhcby	1096	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1096	31	implying	imply	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1096	32	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1096	33	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1096	34	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1096	35	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1096	36	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	1096	37	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1096	38	over	over	IN
work_b3ftiyv34jhylmblxzqccxhcby	1096	39	relies	relie	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1096	40	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1096	41	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1096	42	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1096	43	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1096	44	compared	compare	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1096	45	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1096	46	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1096	47	optimal	optimal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1096	48	statistical	statistical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1096	49	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	1096	50	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1096	51	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1096	52	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1096	53	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	1096	54	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1096	55	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1096	56	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1096	57	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	1096	58	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1096	59	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1096	60	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1096	61	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1096	62	funda-	funda-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1096	63	mentals	mental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1096	64	falls	fall	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1096	65	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1096	66	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1096	67	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	1096	68	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	1096	69	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1096	70	consensus	consensus	NN
work_b3ftiyv34jhylmblxzqccxhcby	1096	71	opinion	opinion	NN
work_b3ftiyv34jhylmblxzqccxhcby	1096	72	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1096	73	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1096	74	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1096	75	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1097	1	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1097	2	63	63	CD
work_b3ftiyv34jhylmblxzqccxhcby	1097	3	Proof	Proof	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1097	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1097	5	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1097	6	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	1097	7	To	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1097	8	compute	compute	VB
work_b3ftiyv34jhylmblxzqccxhcby	1097	9	Cov[p2	Cov[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1097	10	−p1,p1	−p1,p1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1097	11	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1097	12	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1097	13	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1097	14	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1097	15	first	first	RB
work_b3ftiyv34jhylmblxzqccxhcby	1097	16	note	note	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1097	17	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1097	18	Cov[p2	Cov[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1097	19	−p1,p1	−p1,p1	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1097	20	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1097	21	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1097	22	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1097	23	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1097	24	Cov[p2,p1	cov[p2,p1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1097	25	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1097	26	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1097	27	Var[p1	Var[p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1097	28	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1097	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1098	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1098	2	A.24	a.24	UH
work_b3ftiyv34jhylmblxzqccxhcby	1098	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1098	4	Next	next	RB
work_b3ftiyv34jhylmblxzqccxhcby	1098	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1098	6	Cov[p2,p1	Cov[p2,p1	''
work_b3ftiyv34jhylmblxzqccxhcby	1098	7	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1098	8	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1098	9	Cov[E1[p2],E1[p1	cov[e1[p2],e1[p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1098	10	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1098	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1098	12	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1098	13	Cov1[p2,p1	Cov1[p2,p1	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1098	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1098	15	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1098	16	Cov[E1[p2],p1	Cov[E1[p2],p1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1098	17	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1098	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1099	1	Computing	compute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1099	2	Cov[E1[p2],p1	Cov[E1[p2],p1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1099	3	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1099	4	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1099	5	Var[E1[v	var[e1[v	LS
work_b3ftiyv34jhylmblxzqccxhcby	1099	6	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1099	7	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1099	8	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1099	9	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1099	10	Λ1	λ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1099	11	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1099	12	βΛ2)Cov[E1[v],E1[θ1	βλ2)cov[e1[v],e1[θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1099	13	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1099	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1099	15	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	16	βΛ2Λ1Var[E1[θ1	βλ2λ1var[e1[θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1099	17	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1099	18	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1099	19	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1099	20	a21τ1	a21τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	21	τ1τv	τ1τv	NN
work_b3ftiyv34jhylmblxzqccxhcby	1099	22	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1099	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1099	24	Λ1	λ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1099	25	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1099	26	βΛ2	βλ2	XX
work_b3ftiyv34jhylmblxzqccxhcby	1099	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1099	28	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	29	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	30	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1099	31	βΛ2Λ1	βΛ2Λ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	32	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	33	τ1τu	τ1τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1099	35	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1099	36	Var[p1	Var[p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	37	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1099	38	=	=	FW
work_b3ftiyv34jhylmblxzqccxhcby	1099	39	a21τu	a21τu	IN
work_b3ftiyv34jhylmblxzqccxhcby	1099	40	τ1τv	τ1τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	41	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1099	42	Λ21	Λ21	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	43	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	44	τ1τu	τ1τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	45	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1099	46	2Λ1	2Λ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	47	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	48	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1099	49	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1100	1	Substituting	substitute	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1100	2	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	1100	3	expressions	expression	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1100	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1100	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1100	6	A.24	a.24	UH
work_b3ftiyv34jhylmblxzqccxhcby	1100	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1100	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1100	9	rearranging	rearrange	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1100	10	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1100	11	Cov[p2	Cov[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1100	12	−p1,p1	−p1,p1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1100	13	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1100	14	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1100	15	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1100	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1100	17	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1100	18	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1100	19	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1100	20	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1100	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1100	22	Λ1	Λ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1100	23	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1100	24	τ1τu	τ1τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1100	25	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1100	26	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1100	27	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1100	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1100	29	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1100	30	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1100	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1101	1	Consider	consider	VB
work_b3ftiyv34jhylmblxzqccxhcby	1101	2	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	1101	3	Cov[v	Cov[v	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1101	4	−p2,p1	−p2,p1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1101	5	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	6	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	7	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1101	9	decomposing	decompose	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1101	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1101	11	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1101	12	yields	yield	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1101	13	Cov[v	Cov[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	14	−p2,p1	−p2,p1	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1101	15	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	16	v̄	v̄	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	17	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	18	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1101	19	Cov[E1[v	Cov[E1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	20	−p2],p1	−p2],p1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1101	21	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	22	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1101	23	Cov1[v	cov1[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1101	24	−p2,p1	−p2,p1	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1101	25	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	26	v̄]︸	v̄]︸	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1101	27	︷︷	︷︷	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	28	︸	︸	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	29	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1101	30	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1101	31	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1101	32	−βΛ2	−βλ2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1101	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	34	Cov[E1[θ1],E1[v	Cov[E1[θ1],E1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	35	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	36	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	37	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1101	38	Λ1Var[E1[θ1	λ1var[e1[θ1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1101	39	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	40	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	41	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	42	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1101	43	−βΛ2	−βΛ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	44	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	45	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	46	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	47	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1101	48	Λ1	Λ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	49	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	50	τ1τu	τ1τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	51	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	52	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1101	53	−βΛ2λ1	−βΛ2λ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	54	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1101	55	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	56	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1101	57	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1101	58	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1101	59	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	1101	60	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1101	61	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1101	62	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	63	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	64	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	65	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1101	66	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1101	67	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1101	68	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1101	69	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1101	70	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1101	71	null	null	NN
work_b3ftiyv34jhylmblxzqccxhcby	1101	72	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1101	73	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1101	74	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1101	75	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1101	76	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1102	1	Finally	finally	RB
work_b3ftiyv34jhylmblxzqccxhcby	1102	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1102	3	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1102	4	compute	compute	VB
work_b3ftiyv34jhylmblxzqccxhcby	1102	5	Cov[v	Cov[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1102	6	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1102	7	p2,p2	p2,p2	VBD
work_b3ftiyv34jhylmblxzqccxhcby	1102	8	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1102	9	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1102	10	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1102	11	decompose	decompose	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1102	12	again	again	RB
work_b3ftiyv34jhylmblxzqccxhcby	1102	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1102	14	covariance	covariance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1102	15	Cov[v	Cov[v	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1102	16	−p2,p2	−p2,p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1102	17	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1102	18	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1102	19	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1102	20	Cov[E1[v	Cov[E1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1102	21	−p2],E1[p2	−p2],e1[p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1102	22	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1102	23	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1102	24	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1102	25	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1102	26	Cov1[v	cov1[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1102	27	−p2,p2	−p2,p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1102	28	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1102	29	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1102	30	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1103	1	64	64	CD
work_b3ftiyv34jhylmblxzqccxhcby	1103	2	Computing	computing	NN
work_b3ftiyv34jhylmblxzqccxhcby	1103	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1103	4	E1[v	E1[v	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1103	5	−p2	−p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1103	6	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1103	7	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1103	8	−βΛ2E1[θ1	−βΛ2E1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1103	9	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1103	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1103	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1103	12	E1[p2	e1[p2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1103	13	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1103	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1103	15	=	=	FW
work_b3ftiyv34jhylmblxzqccxhcby	1103	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1103	17	βΛ2	βΛ2	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1103	18	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1103	19	Λ1)E1[θ1	Λ1)E1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1103	20	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1103	21	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1104	1	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	1104	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1104	3	Cov[E1[v	Cov[E1[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1104	4	−p2],E1[p2	−p2],e1[p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1104	5	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1104	6	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1104	7	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1104	8	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1104	9	βΛ2	βΛ2	:
work_b3ftiyv34jhylmblxzqccxhcby	1104	10	Vari1[p2	Vari1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1104	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1104	12	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1104	13	Var[E1[θ1	Var[E1[θ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1104	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1104	15	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1104	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1105	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1105	2	A.25	a.25	LS
work_b3ftiyv34jhylmblxzqccxhcby	1105	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1105	4	Next	next	RB
work_b3ftiyv34jhylmblxzqccxhcby	1105	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1105	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1105	7	obtain	obtain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1105	8	Cov1[v	cov1[v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1105	9	−p2,p2	−p2,p2	DT
work_b3ftiyv34jhylmblxzqccxhcby	1105	10	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1105	11	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1105	12	=	=	FW
work_b3ftiyv34jhylmblxzqccxhcby	1105	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1105	14	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1105	15	+	+	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1105	16	γτu∆a2)(βa1∆a2τu	γτu∆a2)(βa1∆a2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1105	17	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1105	18	τ1	τ1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1105	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1105	20	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1105	21	γτητuβa1	γτητuβa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1105	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1105	23	γτi2)2τ1τu	γτi2)2τ1τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1105	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1106	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1106	2	A.26	a.26	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1106	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1106	4	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1106	5	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1106	6	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1106	7	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1106	8	a∗∗1	a∗∗1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1106	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1106	10	a∗∗∗1	a∗∗∗1	LS
work_b3ftiyv34jhylmblxzqccxhcby	1106	11	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1106	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1106	13	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1106	14	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1106	15	−(γτu)−1	−(γτu)−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1106	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1106	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1106	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1106	19	above	above	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1106	20	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	1106	21	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1106	22	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	1106	23	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1106	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1106	25	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1106	26	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1106	27	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1106	28	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1106	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1106	30	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1106	31	Cov[v	Cov[v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1106	32	−p2,p2	−p2,p2	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1106	33	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1106	34	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1106	35	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1106	36	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1106	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1107	1	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1107	2	Proof	Proof	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1107	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1107	4	Corollary	Corollary	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1107	5	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	1107	6	To	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1107	7	prove	prove	VB
work_b3ftiyv34jhylmblxzqccxhcby	1107	8	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1107	9	result	result	NN
work_b3ftiyv34jhylmblxzqccxhcby	1107	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1107	11	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1107	12	impose	impose	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1107	13	τη	τη	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1107	14	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1107	15	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1107	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1107	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1107	18	A.25	a.25	NN
work_b3ftiyv34jhylmblxzqccxhcby	1107	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1107	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1107	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1107	22	A.26	A.26	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1107	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1107	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1107	25	obtaining	obtain	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1107	26	Cov[v	cov[v	VB
work_b3ftiyv34jhylmblxzqccxhcby	1107	27	−p2,p2	−p2,p2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1107	28	−p1	−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1107	29	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1107	30	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1107	31	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1107	32	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1107	33	γτi2τu	γτi2τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1107	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1107	35	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1107	36	−β∆a2	−β∆a2	JJR
work_b3ftiyv34jhylmblxzqccxhcby	1107	37	τi1	τi1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1107	38	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1107	39	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1107	40	a1τi1	a1τi1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1107	41	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1107	42	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1108	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1108	2	A.27	a.27	LS
work_b3ftiyv34jhylmblxzqccxhcby	1108	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1108	4	Looking	look	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1108	5	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1108	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1108	7	A.27	a.27	UH
work_b3ftiyv34jhylmblxzqccxhcby	1108	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1108	9	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1108	10	again	again	RB
work_b3ftiyv34jhylmblxzqccxhcby	1108	11	verify	verify	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1108	12	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1108	13	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1108	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1108	15	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1108	16	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	1108	17	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1108	18	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	1108	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1109	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1109	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1109	3	true	true	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1109	4	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	1109	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1109	6	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	1109	7	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1109	8	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1109	9	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1109	10	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1109	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1109	12	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1109	13	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1109	14	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1109	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1110	1	Along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1110	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1110	3	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1110	4	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	1110	5	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	1110	6	occur	occur	VB
work_b3ftiyv34jhylmblxzqccxhcby	1110	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1110	8	depending	depend	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1110	9	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1110	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1110	11	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	1110	12	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1110	13	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1110	14	trades	trade	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1110	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1111	1	To	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1111	2	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	1111	3	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1111	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1111	5	note	note	VB
work_b3ftiyv34jhylmblxzqccxhcby	1111	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1111	7	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	1111	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1111	9	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1111	10	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1111	11	λ2	λ2	IN
work_b3ftiyv34jhylmblxzqccxhcby	1111	12	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1111	13	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1111	14	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1111	15	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1111	16	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1111	17	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1111	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1111	19	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1111	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1111	21	A.27	a.27	FW
work_b3ftiyv34jhylmblxzqccxhcby	1111	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1111	23	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	1111	24	needs	need	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1111	25	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1111	26	−β∆a2	−β∆a2	JJR
work_b3ftiyv34jhylmblxzqccxhcby	1111	27	τi1	τi1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1111	28	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1111	29	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1111	30	a1τi1	a1τi1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1111	31	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1111	32	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1111	33	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1111	34	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1111	35	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	1111	36	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	1111	37	rearranged	rearrange	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1111	38	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1111	39	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1111	40	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1111	41	implicit	implicit	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1111	42	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1111	43	condition	condition	NN
work_b3ftiyv34jhylmblxzqccxhcby	1111	44	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1111	45	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1111	46	magnitude	magnitude	NN
work_b3ftiyv34jhylmblxzqccxhcby	1111	47	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1111	48	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1111	49	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1111	50	a1τi1	a1τi1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1111	51	∆a2(τi1	∆a2(τi1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1111	52	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1111	53	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1111	54	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1111	55	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1111	56	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1111	57	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1111	58	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1111	59	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1112	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1112	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1112	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1112	4	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1112	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1112	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1112	7	above	above	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1112	8	condition	condition	NN
work_b3ftiyv34jhylmblxzqccxhcby	1112	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1112	10	never	never	RB
work_b3ftiyv34jhylmblxzqccxhcby	1112	11	satisfied	satisfied	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1112	12	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1113	1	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	1113	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1113	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1113	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1113	5	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1113	6	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	1113	7	exists	exist	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1113	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1113	9	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1113	10	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1113	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1113	12	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1113	13	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1113	14	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1113	15	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1113	16	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1113	17	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1113	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1114	1	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	1114	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1114	3	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1114	4	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1114	5	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1114	6	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1114	7	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1114	8	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	1114	9	display	display	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1114	10	reversal	reversal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1114	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1115	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1115	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1115	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1115	4	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1115	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1115	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1115	7	condition	condition	NN
work_b3ftiyv34jhylmblxzqccxhcby	1115	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1115	9	satisfied	satisfied	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1115	10	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1115	11	a1τv	a1τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1115	12	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1115	13	a1(τε	a1(τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1115	14	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1115	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1115	16	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1115	17	1τu	1τu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1115	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1115	19	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1115	20	∆a2τu(τε	∆a2τu(τε	.
work_b3ftiyv34jhylmblxzqccxhcby	1115	21	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1115	22	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1115	23	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1115	24	1τu	1τu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1115	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1115	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1116	1	65	65	CD
work_b3ftiyv34jhylmblxzqccxhcby	1116	2	Isolating	isolate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1116	3	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1116	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1116	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1116	6	above	above	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1116	7	expression	expression	NN
work_b3ftiyv34jhylmblxzqccxhcby	1116	8	yields	yield	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1116	9	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1116	10	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1116	11	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1116	12	τ̂v	τ̂v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1116	13	≡	≡	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1116	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1116	15	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1116	16	−a1)(τε	−a1)(τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1116	17	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1116	18	a21τu	a21τu	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1116	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1116	20	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1116	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1116	22	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1116	23	A.28	A.28	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1116	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1116	25	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1116	26	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1116	27	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	1116	28	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1116	29	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1116	30	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1116	31	depend	depend	VB
work_b3ftiyv34jhylmblxzqccxhcby	1116	32	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1116	33	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1116	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1116	35	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	1116	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1116	37	A.17	a.17	NN
work_b3ftiyv34jhylmblxzqccxhcby	1116	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1116	39	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1116	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1116	41	gives	give	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1116	42	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1116	43	explicit	explicit	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1116	44	upper	upper	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1116	45	bound	bind	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1116	46	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1116	47	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1116	48	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1117	1	Hence	hence	RB
work_b3ftiyv34jhylmblxzqccxhcby	1117	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1117	3	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1117	4	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1117	5	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1117	6	τ̂v	τ̂v	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1117	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1117	8	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	1117	9	exists	exist	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1117	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1117	11	β̂	β̂	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1117	12	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1117	13	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1117	14	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1117	15	all	all	DT
work_b3ftiyv34jhylmblxzqccxhcby	1117	16	β	β	NN
work_b3ftiyv34jhylmblxzqccxhcby	1117	17	≥	≥	UH
work_b3ftiyv34jhylmblxzqccxhcby	1117	18	β̂	β̂	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1117	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1117	20	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1117	21	τη	τη	FW
work_b3ftiyv34jhylmblxzqccxhcby	1117	22	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1117	23	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1117	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1117	25	momentum	momentum	NN
work_b3ftiyv34jhylmblxzqccxhcby	1117	26	occurs	occur	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1117	27	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	1117	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1117	29	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1117	30	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1117	31	third	third	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1117	32	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1117	33	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1117	34	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1117	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1117	36	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	1117	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1118	1	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1118	2	66	66	CD
work_b3ftiyv34jhylmblxzqccxhcby	1118	3	B	B	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1118	4	Online	Online	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1118	5	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1118	6	B.1	B.1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1118	7	Non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1118	8	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1118	9	monotone	monotone	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1118	10	comparative	comparative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1118	11	statics	static	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1118	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1118	13	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1118	14	adjust-	adjust-	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1118	15	ment	ment	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1118	16	What	what	WP
work_b3ftiyv34jhylmblxzqccxhcby	1118	17	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1118	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1118	19	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1118	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1118	21	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1118	22	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	1118	23	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1118	24	parameters	parameter	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1118	25	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	1118	26	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1118	27	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1118	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1118	29	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1118	30	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1118	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1118	32	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1118	33	?	?	.
work_b3ftiyv34jhylmblxzqccxhcby	1119	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1119	2	answer	answer	NN
work_b3ftiyv34jhylmblxzqccxhcby	1119	3	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1119	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1119	5	question	question	NN
work_b3ftiyv34jhylmblxzqccxhcby	1119	6	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1119	7	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1119	8	whether	whether	IN
work_b3ftiyv34jhylmblxzqccxhcby	1119	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1119	10	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1119	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1119	12	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1119	13	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	1119	14	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1119	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1120	1	Starting	start	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1120	2	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1120	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1120	4	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1120	6	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1120	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1120	8	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1120	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1120	10	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1120	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1120	12	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	13	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1120	14	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1120	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1120	16	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1120	18	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1120	20	b	b	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1120	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1120	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1120	23	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1120	24	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1120	25	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1120	26	decrease	decrease	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	27	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1120	28	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1120	29	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	30	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	31	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	1120	32	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1120	33	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	34	tolerance	tolerance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	35	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	1120	36	have	have	VB
work_b3ftiyv34jhylmblxzqccxhcby	1120	37	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1120	38	non-	non-	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	39	monotone	monotone	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1120	40	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	41	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1120	42	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1120	43	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1120	44	thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	1120	45	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1120	46	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1120	47	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1120	48	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	49	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1120	50	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1120	51	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1120	52	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1120	53	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1120	54	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	1120	55	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1120	56	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1120	57	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1121	1	To	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1121	2	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	1121	3	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1121	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1121	5	consider	consider	VB
work_b3ftiyv34jhylmblxzqccxhcby	1121	6	first	first	RB
work_b3ftiyv34jhylmblxzqccxhcby	1121	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1121	8	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1121	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1121	10	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1121	11	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1121	12	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	1121	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1122	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	1122	2	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1122	3	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1122	4	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1122	5	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1122	6	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1122	7	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1122	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1122	9	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1122	10	=	=	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1122	11	9.5	9.5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1122	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1122	13	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1122	14	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1122	15	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1122	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1122	17	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1122	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1122	19	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1122	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1122	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1122	22	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1122	23	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1122	24	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1122	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1123	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1123	2	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	1123	3	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	1123	4	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1123	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1123	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1123	7	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1123	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1123	9	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1123	10	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1123	11	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	1123	12	a∗1	a∗1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1123	13	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1123	14	4.001	4.001	CD
work_b3ftiyv34jhylmblxzqccxhcby	1123	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1123	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1123	17	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1123	18	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1123	19	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1123	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1123	21	5.606	5.606	CD
work_b3ftiyv34jhylmblxzqccxhcby	1123	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1123	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1123	24	correspond	correspond	VB
work_b3ftiyv34jhylmblxzqccxhcby	1123	25	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1123	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1123	27	intersection	intersection	NN
work_b3ftiyv34jhylmblxzqccxhcby	1123	28	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1123	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1123	30	orange	orange	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1123	31	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1123	32	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1123	33	function	function	NN
work_b3ftiyv34jhylmblxzqccxhcby	1123	34	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1123	35	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1123	36	45-degree	45-degree	CD
work_b3ftiyv34jhylmblxzqccxhcby	1123	37	line	line	NN
work_b3ftiyv34jhylmblxzqccxhcby	1123	38	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1123	39	Figure	Figure	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1123	40	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1123	41	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1123	42	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1123	43	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1123	44	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1123	45	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1123	46	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1123	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1124	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	1124	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1124	3	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1124	4	coordinates	coordinate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1124	5	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1124	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1124	7	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	1124	8	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1125	1	Suppose	suppose	VB
work_b3ftiyv34jhylmblxzqccxhcby	1125	2	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	1125	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1125	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1125	5	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	1125	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1125	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1125	8	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1125	9	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1125	10	decreases	decrease	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1125	11	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1125	12	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1125	13	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1125	14	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	1125	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1126	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1126	2	new	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1126	3	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1126	4	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1126	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1126	6	depicted	depict	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1126	7	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1126	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1126	9	dashed	dash	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1126	10	curve	curve	NN
work_b3ftiyv34jhylmblxzqccxhcby	1126	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1126	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1126	13	figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	1126	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1127	1	Again	again	RB
work_b3ftiyv34jhylmblxzqccxhcby	1127	2	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1127	3	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1127	4	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	1127	5	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1127	6	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1127	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1127	8	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1127	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1127	10	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1127	11	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1127	12	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	1127	13	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1127	14	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1127	15	∗,NEW	∗,NEW	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1127	16	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1127	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1127	18	2.906	2.906	CD
work_b3ftiyv34jhylmblxzqccxhcby	1127	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1127	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1127	21	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1127	22	∗∗∗,NEW	∗∗∗,NEW	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1127	23	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1127	24	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1127	25	4.124	4.124	CD
work_b3ftiyv34jhylmblxzqccxhcby	1127	26	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1128	1	49	49	CD
work_b3ftiyv34jhylmblxzqccxhcby	1128	2	Which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1128	3	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1128	4	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1128	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1128	6	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1128	7	coordinate	coordinate	VB
work_b3ftiyv34jhylmblxzqccxhcby	1128	8	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1128	9	?	?	.
work_b3ftiyv34jhylmblxzqccxhcby	1129	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1129	2	adaptive	adaptive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1129	3	dynamics	dynamic	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1129	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1129	5	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1129	6	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	1129	7	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	1129	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1129	9	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1129	10	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	1129	11	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	1129	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1129	13	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1129	14	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1130	1	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	1130	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1130	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1130	4	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1130	5	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1130	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1130	7	decrease	decrease	NN
work_b3ftiyv34jhylmblxzqccxhcby	1130	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1130	9	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1130	10	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1130	11	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	1130	12	determines	determine	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1130	13	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1130	14	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	1130	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1130	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1130	17	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1130	18	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1130	19	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1130	20	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1130	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1130	22	informational	informational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1130	23	efficiency	efficiency	NN
work_b3ftiyv34jhylmblxzqccxhcby	1130	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1130	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1130	26	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1130	27	decrease	decrease	NN
work_b3ftiyv34jhylmblxzqccxhcby	1130	28	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1130	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1130	30	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1130	31	volatility	volatility	NN
work_b3ftiyv34jhylmblxzqccxhcby	1130	32	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1130	33	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1130	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1130	35	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1130	36	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1130	37	initial	initial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1130	38	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1130	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1130	40	Var1[p2	Var1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1130	41	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1130	42	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1130	43	0.00035	0.00035	CD
work_b3ftiyv34jhylmblxzqccxhcby	1130	44	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1130	45	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	1130	46	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1130	47	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1130	48	new	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1130	49	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1130	50	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1130	51	Var1[p2	Var1[p2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1130	52	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1130	53	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1130	54	0.00013	0.00013	CD
work_b3ftiyv34jhylmblxzqccxhcby	1130	55	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1130	56	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1131	1	Non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1131	2	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1131	3	monotonicity	monotonicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1131	4	requires	require	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1131	5	however	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	1131	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1131	7	sufficiently	sufficiently	RB
work_b3ftiyv34jhylmblxzqccxhcby	1131	8	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1131	9	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	1131	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1131	11	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1131	12	precision.50	precision.50	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1131	13	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	1131	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1131	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1131	16	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1131	17	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1131	18	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	1131	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1131	20	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1131	21	repeat	repeat	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1131	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1131	23	same	same	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1131	24	exercise	exercise	NN
work_b3ftiyv34jhylmblxzqccxhcby	1131	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1131	26	assuming	assume	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1131	27	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1131	28	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1131	29	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1131	30	lowered	lower	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1131	31	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1131	32	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	1131	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1132	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1132	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1132	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1132	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1132	5	adaptive	adaptive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1132	6	dynamics	dynamic	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1132	7	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1132	8	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1132	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1132	10	new	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1132	11	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1132	12	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1132	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1132	14	dashed	dash	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1132	15	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1132	16	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1132	17	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1132	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1132	19	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1132	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1133	1	Panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1133	2	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1133	3	c	c	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1133	4	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1133	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1133	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1133	7	d	d	NN
work_b3ftiyv34jhylmblxzqccxhcby	1133	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1133	9	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1133	10	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1133	11	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1133	12	effects	effect	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1133	13	arise	arise	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1133	14	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1133	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1133	16	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	1133	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1133	18	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	1133	19	tolerance	tolerance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1133	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1134	1	Consider	consider	VB
work_b3ftiyv34jhylmblxzqccxhcby	1134	2	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	1134	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1134	4	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1134	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1134	6	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1134	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1134	8	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1134	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1134	10	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1134	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1135	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1135	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1135	3	situation	situation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1135	4	numerical	numerical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1135	5	simulations	simulation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1135	6	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1135	7	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1135	8	starting	start	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1135	9	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1135	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1135	11	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1135	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1135	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1135	14	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1135	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1135	16	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1135	17	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	1135	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1135	19	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	1135	20	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1135	21	very	very	RB
work_b3ftiyv34jhylmblxzqccxhcby	1135	22	mild	mild	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1135	23	one	one	NN
work_b3ftiyv34jhylmblxzqccxhcby	1135	24	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1135	25	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1135	26	parameters	parameter	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1135	27	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	1135	28	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1135	29	depends	depend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1135	30	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1135	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1135	32	persistence	persistence	NN
work_b3ftiyv34jhylmblxzqccxhcby	1135	33	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1135	34	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1135	35	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1135	36	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	1135	37	demand	demand	NN
work_b3ftiyv34jhylmblxzqccxhcby	1135	38	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1136	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1136	2	detail	detail	NN
work_b3ftiyv34jhylmblxzqccxhcby	1136	3	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1136	4	49In	49in	CD
work_b3ftiyv34jhylmblxzqccxhcby	1136	5	both	both	DT
work_b3ftiyv34jhylmblxzqccxhcby	1136	6	cases	case	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1136	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1136	8	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1136	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1136	10	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1136	11	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1136	12	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	1136	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1136	14	∂ψ/∂a1)|a1	∂ψ/∂a1)|a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1136	15	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1136	16	a∗∗∗1	a∗∗∗1	UH
work_b3ftiyv34jhylmblxzqccxhcby	1136	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1136	18	−.24	−.24	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1136	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1136	20	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1136	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1136	22	∂ψ/∂a1)|a1	∂ψ/∂a1)|a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1136	23	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1136	24	a∗∗∗,NEW1	a∗∗∗,NEW1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1136	25	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1136	26	.35	.35	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1136	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1137	1	50Denoting	50denote	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1137	2	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	1137	3	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1137	4	ψ	ψ	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1137	5	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1137	6	ψNEW	ψNEW	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1137	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1137	8	orange	orange	NN
work_b3ftiyv34jhylmblxzqccxhcby	1137	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1137	10	dashed	dash	VBD
work_b3ftiyv34jhylmblxzqccxhcby	1137	11	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1137	12	responses	response	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1137	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1137	14	non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1137	15	monotonicity	monotonicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1137	16	requires	require	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1137	17	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1137	18	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	1137	19	ψ(a∗1	ψ(a∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1137	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1137	21	>	>	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1137	22	ψ	ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1137	23	NEW	NEW	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1137	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1137	25	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1137	26	∗∗,NEW	∗∗,new	$
work_b3ftiyv34jhylmblxzqccxhcby	1137	27	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1137	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1137	29	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1138	1	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1138	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1138	3	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	1138	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1138	5	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1138	6	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	1138	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1138	8	such	such	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1138	9	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1138	10	ψ(a	ψ(a	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1138	11	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1138	12	1	1	LS
work_b3ftiyv34jhylmblxzqccxhcby	1138	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1138	14	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1138	15	ψNEW	ψnew	FW
work_b3ftiyv34jhylmblxzqccxhcby	1138	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1138	17	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1138	18	∗∗∗,NEW	∗∗∗,NEW	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1138	19	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1138	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1138	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1138	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1138	23	new	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1138	24	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1138	25	along	along	IN
work_b3ftiyv34jhylmblxzqccxhcby	1138	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1138	27	dashed	dash	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1138	28	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1138	29	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1138	30	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1138	31	still	still	RB
work_b3ftiyv34jhylmblxzqccxhcby	1138	32	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1138	33	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1138	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1138	35	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	1138	36	monotonicity	monotonicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1138	37	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1138	38	restored	restore	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1138	39	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	1138	40	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1138	41	∗∗∗,NEW	∗∗∗,NEW	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1138	42	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1138	43	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1138	44	a	a	FW
work_b3ftiyv34jhylmblxzqccxhcby	1138	45	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1138	46	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1138	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1139	1	67	67	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	2	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	3	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	4	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	5	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	6	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	7	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	8	a1	a1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	9	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	10	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	11	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	12	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	13	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	14	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	15	ΨHa1	ΨHa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	16	L	L	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	17	ΤΕ	ΤΕ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1139	19	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	20	ΤΕ	ΤΕ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	21	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1139	22	9.5	9.5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	23	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1139	24	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1139	25	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1139	26	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	27	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	28	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	29	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	30	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	31	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	32	a1	a1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	33	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	34	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	35	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	36	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	37	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	38	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	39	ΨHa1	ΨHa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	40	L	L	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	41	ΤΕ	ΤΕ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	42	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1139	43	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	44	ΤΕ	τε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	45	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1139	46	9.5	9.5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	47	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1139	48	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	49	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1139	50	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	51	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	52	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	53	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	54	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	55	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	56	a1	a1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	57	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	58	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	59	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	60	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	61	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	62	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	63	ΨHa1	ΨHa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	64	L	L	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	65	Γ=1	Γ=1	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	1139	66	�	�	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	67	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	68	Γ=1	Γ=1	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	1139	69	�	�	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	70	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	71	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1139	72	c	c	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	73	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1139	74	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	75	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	76	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	77	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	78	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	79	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	80	a1	a1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	81	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	82	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	83	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	84	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	85	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	86	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	87	ΨHa1	ΨHa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	88	L	L	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	89	Γ=5	Γ=5	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	90	�	�	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	91	12	12	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	92	Γ=1	Γ=1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1139	93	�	�	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	94	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	95	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1139	96	d	d	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	97	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1139	98	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	99	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1139	100	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1139	101	Adjustment	adjustment	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	102	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1139	103	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1139	104	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	1139	105	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1139	106	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1139	107	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1139	108	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1139	109	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1139	110	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1140	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1140	2	plot	plot	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1140	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1140	4	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1140	5	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1140	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1140	7	22	22	CD
work_b3ftiyv34jhylmblxzqccxhcby	1140	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1140	9	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1140	10	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1140	11	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1140	12	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1140	13	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1140	14	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1140	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1140	16	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1140	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1140	18	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1140	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1140	20	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1140	21	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1140	22	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1140	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1140	24	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1140	25	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1140	26	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1140	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1140	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1140	29	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1140	30	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1140	31	9.5	9.5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1140	32	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1140	33	orange	orange	NN
work_b3ftiyv34jhylmblxzqccxhcby	1140	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1140	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1141	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1141	2	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1141	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1141	4	a	a	LS
work_b3ftiyv34jhylmblxzqccxhcby	1141	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1141	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1141	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1141	8	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	1141	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1141	10	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1141	11	analyze	analyze	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1141	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1141	13	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1141	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1141	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1141	16	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	1141	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1141	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1141	19	precision	precision	NN
work_b3ftiyv34jhylmblxzqccxhcby	1141	20	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1141	21	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1141	22	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1141	23	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1141	24	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1141	25	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1141	26	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1141	27	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	1141	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1141	29	dashed	dash	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1141	30	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1141	31	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1141	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1141	33	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1141	34	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1141	35	a	a	LS
work_b3ftiyv34jhylmblxzqccxhcby	1141	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1141	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1141	38	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1141	39	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1141	40	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1141	41	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	1141	42	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1141	43	dashed	dash	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1141	44	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1141	45	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1141	46	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1141	47	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1141	48	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1141	49	b	b	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1141	50	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1141	51	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1141	52	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1142	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1142	2	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1142	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1142	4	c	c	NN
work_b3ftiyv34jhylmblxzqccxhcby	1142	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1142	6	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1142	7	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1142	8	d	d	NN
work_b3ftiyv34jhylmblxzqccxhcby	1142	9	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1142	10	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1142	11	analyze	analyze	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1142	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1142	13	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1142	14	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1142	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1142	16	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	1142	17	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1142	18	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	1142	19	tolerance	tolerance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1142	20	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1142	21	γ	γ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1142	22	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1142	23	1/3	1/3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1142	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1142	25	dashed	dash	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1142	26	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1142	27	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1142	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1142	29	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1142	30	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1142	31	c	c	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1142	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1142	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1142	34	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1142	35	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1142	36	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1142	37	5/12	5/12	CD
work_b3ftiyv34jhylmblxzqccxhcby	1142	38	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1142	39	dashed	dash	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1142	40	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1142	41	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1142	42	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1142	43	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1142	44	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1142	45	d	d	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1142	46	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1142	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1142	48	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1143	1	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1143	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1143	3	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1143	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1143	5	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1143	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1143	7	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1143	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1143	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1143	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1143	11	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1143	12	converges	converge	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1143	13	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1143	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1143	15	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1143	16	;	;	:
work_b3ftiyv34jhylmblxzqccxhcby	1143	17	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1143	18	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1143	19	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1143	20	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1143	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1143	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1143	23	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1143	24	oscillates	oscillate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1143	25	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	1143	26	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	1143	27	non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1143	28	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1143	29	equilibrium	equilibrium	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1143	30	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1143	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1144	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1144	2	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	1144	3	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	1144	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1144	5	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1144	6	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1144	7	a	a	LS
work_b3ftiyv34jhylmblxzqccxhcby	1144	8	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1144	9	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1144	10	plot	plot	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1144	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1144	12	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1144	13	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1144	14	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1144	15	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1144	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1144	17	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1144	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1144	19	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1144	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1144	21	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1144	22	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1144	23	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1144	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1144	25	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1144	26	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1144	27	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1144	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1144	29	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1144	30	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1144	31	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1144	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1144	33	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1144	34	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1144	35	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1144	36	.9	.9	XX
work_b3ftiyv34jhylmblxzqccxhcby	1144	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1145	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1145	2	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	1145	3	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	1145	4	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1145	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1145	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1145	7	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1145	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1145	9	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1145	10	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1145	11	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	1145	12	a∗1	a∗1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1145	13	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1145	14	9.04	9.04	CD
work_b3ftiyv34jhylmblxzqccxhcby	1145	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1145	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1145	17	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1145	18	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1145	19	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1145	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1145	21	12.25	12.25	CD
work_b3ftiyv34jhylmblxzqccxhcby	1145	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1145	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1145	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1145	25	slope	slope	NN
work_b3ftiyv34jhylmblxzqccxhcby	1145	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1145	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1145	28	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1145	29	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1145	30	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1145	31	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	1145	32	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	1145	33	points	point	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1145	34	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1145	35	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1145	36	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1145	37	ψ′(a∗1	ψ′(a∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1145	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1145	39	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1145	40	−.41	−.41	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1145	41	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1145	42	ψ	ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1145	43	′(a∗∗∗1	′(a∗∗∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1145	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1145	45	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1145	46	−2.12	−2.12	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1145	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1146	1	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1146	2	shown	show	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1146	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1146	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1146	5	figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	1146	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1146	7	perturbing	perturb	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1146	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1146	9	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1146	10	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1146	11	iterated	iterated	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1146	12	application	application	NN
work_b3ftiyv34jhylmblxzqccxhcby	1146	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1146	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1146	15	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1146	16	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1146	17	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1146	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1146	19	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1146	20	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1146	21	coordinate	coordinate	VB
work_b3ftiyv34jhylmblxzqccxhcby	1146	22	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1146	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1146	24	LIE	lie	NN
work_b3ftiyv34jhylmblxzqccxhcby	1146	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1147	1	Consider	consider	VB
work_b3ftiyv34jhylmblxzqccxhcby	1147	2	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	1147	3	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1147	4	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1147	5	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	1147	6	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1147	7	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1147	8	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1147	9	plot	plot	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1147	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1147	11	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1147	12	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1147	13	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1147	14	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1147	15	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1147	16	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1147	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1147	18	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1147	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1147	20	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1147	21	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1147	22	15	15	CD
work_b3ftiyv34jhylmblxzqccxhcby	1147	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1147	24	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1147	25	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1147	26	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1147	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1147	28	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1147	29	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1147	30	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1147	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1147	32	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1147	33	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1147	34	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1147	35	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1147	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1148	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1148	2	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	1148	3	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	1148	4	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1148	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1148	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1148	7	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1148	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1148	9	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1148	10	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1148	11	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	1148	12	a∗1	a∗1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1148	13	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1148	14	6.64	6.64	CD
work_b3ftiyv34jhylmblxzqccxhcby	1148	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1148	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1148	17	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1148	18	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1148	19	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1148	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1148	21	9.37	9.37	CD
work_b3ftiyv34jhylmblxzqccxhcby	1148	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1148	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1148	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1148	25	slope	slope	NN
work_b3ftiyv34jhylmblxzqccxhcby	1148	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1148	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1148	28	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1148	29	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1148	30	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1148	31	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	1148	32	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	1148	33	points	point	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1148	34	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1148	35	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1148	36	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1148	37	ψ′(a∗1	ψ′(a∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1148	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1148	39	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1148	40	−.43	−.43	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1148	41	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1148	42	ψ	ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1148	43	′(a∗∗∗1	′(a∗∗∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1148	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1148	45	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1148	46	−1.9	−1.9	NN
work_b3ftiyv34jhylmblxzqccxhcby	1148	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1149	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1149	2	68	68	CD
work_b3ftiyv34jhylmblxzqccxhcby	1149	3	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1149	4	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1149	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1149	6	iterating	iterate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1149	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1149	8	application	application	NN
work_b3ftiyv34jhylmblxzqccxhcby	1149	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1149	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1149	11	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1149	12	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1149	13	perturbing	perturb	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1149	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1149	15	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1149	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1149	17	after	after	IN
work_b3ftiyv34jhylmblxzqccxhcby	1149	18	about	about	RB
work_b3ftiyv34jhylmblxzqccxhcby	1149	19	380	380	CD
work_b3ftiyv34jhylmblxzqccxhcby	1149	20	iterations	iteration	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1149	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1149	22	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1149	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1149	24	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1149	25	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1149	26	oscillate	oscillate	VB
work_b3ftiyv34jhylmblxzqccxhcby	1149	27	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	1149	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1149	29	non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1149	30	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1149	31	equilibrium	equilibrium	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1149	32	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1149	33	7.99	7.99	CD
work_b3ftiyv34jhylmblxzqccxhcby	1149	34	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1149	35	10.75	10.75	CD
work_b3ftiyv34jhylmblxzqccxhcby	1149	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1150	1	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	1150	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1150	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1150	4	implication	implication	NN
work_b3ftiyv34jhylmblxzqccxhcby	1150	5	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1150	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1150	7	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1150	8	provided	provide	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1150	9	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1150	10	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1150	11	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1150	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1150	13	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1150	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1150	15	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1150	16	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1150	17	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1150	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1150	19	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1150	20	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1150	21	small	small	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1150	22	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	1150	23	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1150	24	parameter	parameter	VB
work_b3ftiyv34jhylmblxzqccxhcby	1150	25	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1150	26	leads	lead	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1150	27	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1150	28	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1150	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1150	30	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1150	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1151	1	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	2	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	3	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	4	15	15	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	5	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	6	a10	a10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	7	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	8	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	9	15	15	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	10	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	11	yHa1L	yHa1L	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1151	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1151	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1151	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1151	15	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	16	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	17	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	18	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	19	12	12	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	20	a14	a14	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	21	6	6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	22	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	23	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	24	12	12	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	25	yHa1L	yHa1L	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1151	26	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1151	27	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	1151	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1151	29	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	1151	30	7	7	CD
work_b3ftiyv34jhylmblxzqccxhcby	1151	31	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1151	32	Adjustment	adjustment	NN
work_b3ftiyv34jhylmblxzqccxhcby	1151	33	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1151	34	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1151	35	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	1151	36	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1151	37	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1151	38	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1151	39	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1151	40	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1151	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1152	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1152	2	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1152	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1152	4	a	a	LS
work_b3ftiyv34jhylmblxzqccxhcby	1152	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1152	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1152	7	plot	plot	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1152	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1152	9	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1152	10	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1152	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1152	12	22	22	CD
work_b3ftiyv34jhylmblxzqccxhcby	1152	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1152	14	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1152	15	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1152	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1152	17	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1152	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1152	19	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1152	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1152	21	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1152	22	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1152	23	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1152	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1152	25	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1152	26	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1152	27	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1152	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1152	29	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1152	30	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1152	31	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1152	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1152	33	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1152	34	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1152	35	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1152	36	.9	.9	XX
work_b3ftiyv34jhylmblxzqccxhcby	1152	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1153	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1153	2	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	1153	3	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	1153	4	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1153	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1153	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1153	7	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1153	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1153	9	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1153	10	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1153	11	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	1153	12	a∗1	a∗1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1153	13	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1153	14	9.04	9.04	CD
work_b3ftiyv34jhylmblxzqccxhcby	1153	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1153	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1153	17	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1153	18	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1153	19	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1153	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1153	21	12.25	12.25	CD
work_b3ftiyv34jhylmblxzqccxhcby	1153	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1153	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1153	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1153	25	slope	slope	NN
work_b3ftiyv34jhylmblxzqccxhcby	1153	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1153	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1153	28	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1153	29	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1153	30	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1153	31	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	1153	32	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	1153	33	points	point	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1153	34	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1153	35	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1153	36	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1153	37	ψ′(a∗1	ψ′(a∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1153	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1153	39	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1153	40	−.41	−.41	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1153	41	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1153	42	ψ′(a∗∗∗1	ψ′(a∗∗∗1	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1153	43	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1153	44	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1153	45	−2.12	−2.12	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1153	46	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1154	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1154	2	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1154	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1154	4	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	1154	5	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1154	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1154	7	plot	plot	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1154	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1154	9	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1154	10	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1154	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1154	12	22	22	CD
work_b3ftiyv34jhylmblxzqccxhcby	1154	13	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1154	14	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1154	15	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1154	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1154	17	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1154	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1154	19	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1154	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1154	21	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1154	22	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1154	23	15	15	CD
work_b3ftiyv34jhylmblxzqccxhcby	1154	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1154	25	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1154	26	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1154	27	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1154	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1154	29	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1154	30	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1154	31	1/2	1/2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1154	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1154	33	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1154	34	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1154	35	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1154	36	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1154	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1155	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1155	2	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	1155	3	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	1155	4	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1155	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1155	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1155	7	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1155	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1155	9	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1155	10	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1155	11	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	1155	12	a∗1	a∗1	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1155	13	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1155	14	6.64	6.64	CD
work_b3ftiyv34jhylmblxzqccxhcby	1155	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1155	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1155	17	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1155	18	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1155	19	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1155	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1155	21	9.37	9.37	CD
work_b3ftiyv34jhylmblxzqccxhcby	1155	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1155	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1155	24	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1155	25	slope	slope	NN
work_b3ftiyv34jhylmblxzqccxhcby	1155	26	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1155	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1155	28	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1155	29	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1155	30	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1155	31	these	these	DT
work_b3ftiyv34jhylmblxzqccxhcby	1155	32	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	1155	33	points	point	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1155	34	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1155	35	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1155	36	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1155	37	ψ′(a∗1	ψ′(a∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1155	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1155	39	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1155	40	−.43	−.43	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1155	41	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1155	42	ψ	ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1155	43	′(a∗∗∗1	′(a∗∗∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1155	44	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1155	45	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1155	46	−1.9	−1.9	NN
work_b3ftiyv34jhylmblxzqccxhcby	1155	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1156	1	B.2	B.2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1156	2	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1156	3	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1156	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1156	5	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1156	6	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1156	7	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1156	8	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1156	9	section	section	NN
work_b3ftiyv34jhylmblxzqccxhcby	1156	10	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1156	11	perform	perform	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1156	12	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1156	13	robustness	robustness	NN
work_b3ftiyv34jhylmblxzqccxhcby	1156	14	exercise	exercise	NN
work_b3ftiyv34jhylmblxzqccxhcby	1156	15	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1156	16	assume	assume	VB
work_b3ftiyv34jhylmblxzqccxhcby	1156	17	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1156	18	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1156	19	face	face	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1156	20	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1156	21	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1156	22	over	over	IN
work_b3ftiyv34jhylmblxzqccxhcby	1156	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1156	24	final	final	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1156	25	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1156	26	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	1156	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1157	1	Therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	1157	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1157	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1157	4	model	model	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1157	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1157	6	final	final	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1157	7	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	1157	8	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1157	9	v̂	v̂	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1157	10	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1157	11	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1157	12	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1157	13	δ	δ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1157	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1157	15	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1157	16	δ	δ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1157	17	∼	∼	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1157	18	N(0,τ−1δ	N(0,τ−1δ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1157	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1157	20	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1157	21	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1157	22	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1157	23	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1157	24	orthogonal	orthogonal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1157	25	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1157	26	all	all	PDT
work_b3ftiyv34jhylmblxzqccxhcby	1157	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1157	28	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1157	29	variables	variable	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1157	30	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1157	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1157	32	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1157	33	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1157	34	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1157	35	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	1157	36	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1157	37	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	1157	38	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	1157	39	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1157	40	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1157	41	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1158	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1158	2	addition	addition	NN
work_b3ftiyv34jhylmblxzqccxhcby	1158	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1158	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1158	5	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1158	6	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1158	7	δ	δ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1158	8	allows	allow	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1158	9	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1158	10	study	study	VB
work_b3ftiyv34jhylmblxzqccxhcby	1158	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1158	12	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1158	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1158	14	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1158	15	increase	increase	NN
work_b3ftiyv34jhylmblxzqccxhcby	1158	16	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1158	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1158	18	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1158	19	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1158	20	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1158	21	surrounds	surround	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1158	22	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1158	23	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	1158	24	environment	environment	NN
work_b3ftiyv34jhylmblxzqccxhcby	1158	25	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1158	26	periods	period	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1158	27	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1158	28	heightened	heightened	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1158	29	turbulence	turbulence	NN
work_b3ftiyv34jhylmblxzqccxhcby	1158	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1158	31	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1158	32	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1158	33	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1158	34	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1158	35	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1158	36	crash	crash	NN
work_b3ftiyv34jhylmblxzqccxhcby	1158	37	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	1158	38	occur	occur	VB
work_b3ftiyv34jhylmblxzqccxhcby	1158	39	within	within	IN
work_b3ftiyv34jhylmblxzqccxhcby	1158	40	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1158	41	framework	framework	NN
work_b3ftiyv34jhylmblxzqccxhcby	1158	42	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1159	1	Intuitively	intuitively	RB
work_b3ftiyv34jhylmblxzqccxhcby	1159	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1159	3	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1159	4	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1159	5	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1159	6	faced	face	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1159	7	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1159	8	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1159	9	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1159	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1159	11	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1159	12	put	put	VBD
work_b3ftiyv34jhylmblxzqccxhcby	1159	13	less	less	JJR
work_b3ftiyv34jhylmblxzqccxhcby	1159	14	weight	weight	NN
work_b3ftiyv34jhylmblxzqccxhcby	1159	15	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1159	16	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1159	17	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1159	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1159	19	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	1159	20	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1159	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1159	22	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1159	23	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1159	24	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1159	25	less	less	RBR
work_b3ftiyv34jhylmblxzqccxhcby	1159	26	useful	useful	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1159	27	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1159	28	predict	predict	VB
work_b3ftiyv34jhylmblxzqccxhcby	1159	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1159	30	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	1159	31	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	1159	32	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1160	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1160	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1160	3	likely	likely	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1160	4	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1160	5	weaken	weaken	VB
work_b3ftiyv34jhylmblxzqccxhcby	1160	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1160	7	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1160	8	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	1160	9	69	69	CD
work_b3ftiyv34jhylmblxzqccxhcby	1160	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1160	11	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1160	12	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	1160	13	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	1160	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1160	15	eliminating	eliminate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1160	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1160	17	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1160	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1161	1	Our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1161	2	analysis	analysis	NN
work_b3ftiyv34jhylmblxzqccxhcby	1161	3	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1161	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1161	5	however	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	1161	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1161	7	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1161	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1161	9	general	general	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1161	10	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1161	11	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1161	12	does	do	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1161	13	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1161	14	eliminate	eliminate	VB
work_b3ftiyv34jhylmblxzqccxhcby	1161	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1161	16	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1161	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1161	18	nor	nor	CC
work_b3ftiyv34jhylmblxzqccxhcby	1161	19	makes	make	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1161	20	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1161	21	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1161	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1162	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1162	2	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1162	3	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1162	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1162	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1162	6	expressions	expression	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1162	7	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1162	8	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1162	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1162	10	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1162	11	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	1162	12	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1162	13	do	do	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1162	14	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1162	15	change	change	VB
work_b3ftiyv34jhylmblxzqccxhcby	1162	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1162	17	that	that	RB
work_b3ftiyv34jhylmblxzqccxhcby	1162	18	is	is	RB
work_b3ftiyv34jhylmblxzqccxhcby	1162	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1162	20	expressions	expression	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1162	21	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1162	22	8)	8)	CD
work_b3ftiyv34jhylmblxzqccxhcby	1162	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1162	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1162	25	19	19	CD
work_b3ftiyv34jhylmblxzqccxhcby	1162	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1162	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1162	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1162	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1162	30	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1162	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1162	32	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1162	33	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1162	34	paper	paper	NN
work_b3ftiyv34jhylmblxzqccxhcby	1162	35	hold	hold	NN
work_b3ftiyv34jhylmblxzqccxhcby	1162	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1162	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1163	1	However	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	1163	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1163	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1163	4	equi-	equi-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1163	5	librium	librium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1163	6	obtains	obtain	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1163	7	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1163	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1163	9	solution	solution	NN
work_b3ftiyv34jhylmblxzqccxhcby	1163	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1163	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1163	12	system	system	NN
work_b3ftiyv34jhylmblxzqccxhcby	1163	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1163	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1163	15	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1163	16	highly	highly	RB
work_b3ftiyv34jhylmblxzqccxhcby	1163	17	non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1163	18	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1163	19	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1163	20	equations	equation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1163	21	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1163	22	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1163	23	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1163	24	fa2	fa2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1163	25	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1163	26	a1,a2	a1,a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1163	27	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1163	28	≡	≡	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1163	29	γτε	γτε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1163	30	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1163	31	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1163	32	κ	κ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1163	33	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1163	34	B.1a	B.1a	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1163	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1163	36	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1163	37	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1163	38	fa1	fa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1163	39	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1163	40	a1,a2	a1,a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1163	41	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1163	42	≡	≡	.
work_b3ftiyv34jhylmblxzqccxhcby	1163	43	γ2τi2(∆a2(1	γ2τi2(∆a2(1	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1163	44	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1163	45	κ	κ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1163	46	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1163	47	γτu∆a2	γτu∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1163	48	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1163	49	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1163	50	γτη)τετu	γτη)τετu	FW
work_b3ftiyv34jhylmblxzqccxhcby	1163	51	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1163	52	∆a2(1	∆a2(1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1163	53	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1163	54	γτu∆a2	γτu∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1163	55	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1163	56	κ	κ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1163	57	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1163	58	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1163	59	γτη)2τu	γτη)2τu	NN
work_b3ftiyv34jhylmblxzqccxhcby	1163	60	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1163	61	τi1((1	τi1((1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1163	62	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1163	63	γτu∆a2	γτu∆a2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1163	64	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1163	65	κ)2	κ)2	XX
work_b3ftiyv34jhylmblxzqccxhcby	1163	66	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1163	67	γ2τητu	γ2τητu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1163	68	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1163	69	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1164	1	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1164	2	B.1b	B.1b	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1164	3	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1164	4	Inspection	Inspection	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1164	5	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1164	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1164	7	cubic	cubic	NN
work_b3ftiyv34jhylmblxzqccxhcby	1164	8	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1164	9	B.1a	B.1a	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1164	10	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1164	11	shows	show	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1164	12	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1164	13	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1164	14	possesses	possess	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1164	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1164	16	unique	unique	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1164	17	real	real	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1164	18	solution	solution	NN
work_b3ftiyv34jhylmblxzqccxhcby	1164	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1164	20	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1164	21	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	1164	22	therefore	therefore	RB
work_b3ftiyv34jhylmblxzqccxhcby	1164	23	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	1164	24	substituted	substitute	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1164	25	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1164	26	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1164	27	B.1b	B.1b	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1164	28	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1164	29	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1164	30	solve	solve	VB
work_b3ftiyv34jhylmblxzqccxhcby	1164	31	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1164	32	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1164	33	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1164	34	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1164	35	fixed	fix	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1164	36	point	point	NN
work_b3ftiyv34jhylmblxzqccxhcby	1164	37	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1164	38	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1164	39	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1164	40	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1164	41	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1164	42	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1164	43	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1164	44	fa1	fa1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1164	45	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1164	46	a1,a2(a1	a1,a2(a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1164	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1164	48	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1164	49	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1165	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1165	2	F8Figure	f8figure	CD
work_b3ftiyv34jhylmblxzqccxhcby	1165	3	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	1165	4	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1165	5	show	show	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1165	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1165	7	plot	plot	NN
work_b3ftiyv34jhylmblxzqccxhcby	1165	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1165	9	such	such	PDT
work_b3ftiyv34jhylmblxzqccxhcby	1165	10	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1165	11	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1165	12	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1165	13	mapping	mapping	NN
work_b3ftiyv34jhylmblxzqccxhcby	1165	14	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1165	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1165	16	following	follow	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1165	17	parameterization	parameterization	NN
work_b3ftiyv34jhylmblxzqccxhcby	1165	18	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1165	19	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1165	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1165	21	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1165	22	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1165	23	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1165	24	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1165	25	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1165	26	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1165	27	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	1165	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1165	29	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1165	30	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1165	31	2/3	2/3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1165	32	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1165	33	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1165	34	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1165	35	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1165	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1165	37	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1165	38	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1165	39	9/10	9/10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1165	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1165	41	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1165	42	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1165	43	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1165	44	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1165	45	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1165	46	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1165	47	70	70	CD
work_b3ftiyv34jhylmblxzqccxhcby	1165	48	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1165	49	75	75	CD
work_b3ftiyv34jhylmblxzqccxhcby	1165	50	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1165	51	100	100	CD
work_b3ftiyv34jhylmblxzqccxhcby	1165	52	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1165	53	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1166	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1166	2	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1166	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1166	4	100	100	CD
work_b3ftiyv34jhylmblxzqccxhcby	1166	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1166	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1166	7	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1166	8	5	5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1166	9	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1166	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1166	11	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	1166	12	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	1166	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1166	14	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1166	15	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1166	16	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1166	17	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1166	18	respect	respect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1166	19	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1166	20	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1166	21	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1166	22	dynamics	dynamic	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1166	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1167	1	Furthermore	furthermore	RB
work_b3ftiyv34jhylmblxzqccxhcby	1167	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1167	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1167	4	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1167	5	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1167	6	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1167	7	higher	high	JJR
work_b3ftiyv34jhylmblxzqccxhcby	1167	8	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	1167	9	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1167	10	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1167	11	displays	display	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1167	12	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1167	13	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1167	14	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	1167	15	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	1167	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1167	17	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1167	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1167	19	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1167	20	shown	show	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1167	21	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1167	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1167	23	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1167	24	row	row	NN
work_b3ftiyv34jhylmblxzqccxhcby	1167	25	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1167	26	Table	table	NN
work_b3ftiyv34jhylmblxzqccxhcby	1167	27	B.1	B.1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1167	28	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1168	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1168	2	suggests	suggest	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1168	3	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1168	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1168	5	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1168	6	retrospective	retrospective	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1168	7	inference	inference	NN
work_b3ftiyv34jhylmblxzqccxhcby	1168	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1168	9	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1168	10	too	too	RB
work_b3ftiyv34jhylmblxzqccxhcby	1168	11	strong	strong	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1168	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1168	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1168	14	presence	presence	NN
work_b3ftiyv34jhylmblxzqccxhcby	1168	15	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1168	16	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1168	17	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1168	18	per	per	IN
work_b3ftiyv34jhylmblxzqccxhcby	1168	19	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1168	20	se	se	NN
work_b3ftiyv34jhylmblxzqccxhcby	1168	21	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1168	22	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1168	23	sufficient	sufficient	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1168	24	neither	neither	CC
work_b3ftiyv34jhylmblxzqccxhcby	1168	25	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1168	26	make	make	VB
work_b3ftiyv34jhylmblxzqccxhcby	1168	27	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1168	28	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1168	29	disappear	disappear	VB
work_b3ftiyv34jhylmblxzqccxhcby	1168	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1168	31	nor	nor	CC
work_b3ftiyv34jhylmblxzqccxhcby	1168	32	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1168	33	make	make	VB
work_b3ftiyv34jhylmblxzqccxhcby	1168	34	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1168	35	unstable	unstable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1168	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1169	1	Of	of	RB
work_b3ftiyv34jhylmblxzqccxhcby	1169	2	course	course	RB
work_b3ftiyv34jhylmblxzqccxhcby	1169	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1169	4	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1169	5	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1169	6	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1169	7	increases	increase	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1169	8	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1169	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1169	10	strength	strength	NN
work_b3ftiyv34jhylmblxzqccxhcby	1169	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1169	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1169	13	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	1169	14	weakens	weaken	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1169	15	even	even	RB
work_b3ftiyv34jhylmblxzqccxhcby	1169	16	more	more	JJR
work_b3ftiyv34jhylmblxzqccxhcby	1169	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1169	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1169	19	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1169	20	tends	tend	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1169	21	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1169	22	disappear	disappear	VB
work_b3ftiyv34jhylmblxzqccxhcby	1169	23	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1169	24	shown	show	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1169	25	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1169	26	panels	panel	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1169	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1169	28	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	1169	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1169	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1169	31	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1169	32	c	c	NN
work_b3ftiyv34jhylmblxzqccxhcby	1169	33	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1169	34	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1169	35	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1169	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1169	37	d	d	NN
work_b3ftiyv34jhylmblxzqccxhcby	1169	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1169	39	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1169	40	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1169	41	figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	1169	42	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1169	43	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1169	44	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1169	45	plot	plot	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1169	46	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1169	47	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1169	48	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1169	49	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1169	50	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1169	51	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1169	52	75	75	CD
work_b3ftiyv34jhylmblxzqccxhcby	1169	53	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1169	54	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1169	55	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1169	56	70	70	CD
work_b3ftiyv34jhylmblxzqccxhcby	1169	57	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1169	58	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1169	59	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1169	60	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1169	61	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1169	62	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1170	1	Table	table	NN
work_b3ftiyv34jhylmblxzqccxhcby	1170	2	B.1	B.1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1170	3	collects	collect	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1170	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1170	5	results	result	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1170	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1170	7	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1170	8	calculations	calculation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1170	9	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1170	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1170	11	different	different	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1170	12	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1170	13	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1170	14	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1170	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1171	1	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	2	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	3	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	4	a∗1,ψ	a∗1,ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	5	′(a∗1)),a	′(a∗1)),a	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	6	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	7	2,λ	2,λ	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	8	∗	∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	9	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	10	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	11	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	13	a∗∗1	a∗∗1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	15	ψ	ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	16	′(a∗∗1	′(a∗∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	18	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	20	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1171	21	∗∗	∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	22	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	24	λ	λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	25	∗∗	∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	26	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	27	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	28	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	30	a∗∗∗1	a∗∗∗1	UH
work_b3ftiyv34jhylmblxzqccxhcby	1171	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	32	ψ	ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	33	′(a∗∗∗1	′(a∗∗∗1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	34	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	37	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1171	38	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	39	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	40	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	41	λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	42	∗∗∗	∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	43	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	44	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	45	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	46	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	47	a∗∗∗∗1	a∗∗∗∗1	UH
work_b3ftiyv34jhylmblxzqccxhcby	1171	48	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	49	ψ	ψ	LS
work_b3ftiyv34jhylmblxzqccxhcby	1171	50	′(a∗∗∗∗1	′(a∗∗∗∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	51	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	52	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	53	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	54	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1171	55	∗∗∗∗	∗∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	56	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	57	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	58	λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	59	∗∗∗∗	∗∗∗∗	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	60	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	61	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	62	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	63	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	64	a∗∗∗∗∗1	a∗∗∗∗∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	65	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	66	ψ	ψ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	67	′(a∗∗∗∗∗1	′(a∗∗∗∗∗1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	68	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	69	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	70	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	71	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1171	72	∗∗∗∗∗	∗∗∗∗∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	73	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	74	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	75	λ	λ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	76	∗∗∗∗∗	∗∗∗∗∗	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	77	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	78	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	79	100	100	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	80	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	81	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	82	.8,−.29	.8,−.29	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1171	83	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	84	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	85	1.86	1.86	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	86	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	87	.43	.43	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1171	88	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	89	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	90	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	91	5.02	5.02	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	92	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	93	3.8	3.8	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	94	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	95	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	96	1.42,−.007	1.42,−.007	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	97	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	98	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	99	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	100	6.2,−.28	6.2,−.28	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	101	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	102	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	103	1.23,−.02	1.23,−.02	NNPS
work_b3ftiyv34jhylmblxzqccxhcby	1171	104	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	105	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	106	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	107	19.6	19.6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	108	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	109	5.8	5.8	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	110	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	111	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	112	.25,−.0002	.25,−.0002	.
work_b3ftiyv34jhylmblxzqccxhcby	1171	113	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	114	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	115	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	116	21.9,−46.6	21.9,−46.6	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	117	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	118	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	119	.21,−.02	.21,−.02	.
work_b3ftiyv34jhylmblxzqccxhcby	1171	120	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	121	75	75	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	122	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	123	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	124	.78,−.29	.78,−.29	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	125	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	126	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	127	1.82	1.82	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	128	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	129	.44	.44	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1171	130	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	131	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	132	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	133	5.2	5.2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	134	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	135	4.11	4.11	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	136	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	137	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	138	1.26,−.005	1.26,−.005	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	139	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	140	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	141	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	142	7.5	7.5	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	143	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	144	.31	.31	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1171	145	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	146	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	147	.88,−.01	.88,−.01	.
work_b3ftiyv34jhylmblxzqccxhcby	1171	148	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	149	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	150	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	151	12.06	12.06	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	152	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	153	2.45	2.45	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	154	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	155	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	156	.45,−.005	.45,−.005	.
work_b3ftiyv34jhylmblxzqccxhcby	1171	157	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	158	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	159	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	160	15.38,−26.78	15.38,−26.78	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	161	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	162	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	163	.3,−.0004	.3,−.0004	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1171	164	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	165	70	70	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	166	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	167	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	168	.77,−.29	.77,−.29	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	169	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	170	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	171	1.81	1.81	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	172	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	173	.44	.44	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	174	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	175	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	176	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	177	5.28	5.28	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	178	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	179	4.1	4.1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	180	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	181	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	182	1.21,−.005	1.21,−.005	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	183	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	184	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	185	−−,−−	−−,−−	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	186	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	187	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	188	−−,−−	−−,−−	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	189	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	190	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	191	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	192	14.03,−22.55	14.03,−22.55	LS
work_b3ftiyv34jhylmblxzqccxhcby	1171	193	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	194	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	195	.33,−.0005	.33,−.0005	.
work_b3ftiyv34jhylmblxzqccxhcby	1171	196	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	197	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	198	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	199	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	200	.72,−.3	.72,−.3	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1171	201	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	202	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	203	1.69	1.69	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	204	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1171	205	.47	.47	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1171	206	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	207	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	208	−−,−−	−−,−−	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	209	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	210	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	211	−−,−−	−−,−−	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	212	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	213	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	214	−−,−−	−−,−−	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	215	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	216	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	217	−−,−−	−−,−−	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	218	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1171	219	Table	table	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	220	3	3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	221	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1171	222	Equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	223	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1171	224	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1171	225	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1171	226	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1171	227	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1171	228	derivative	derivative	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	229	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1171	230	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1171	231	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1171	232	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	233	mapping	mapping	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	234	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1171	235	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1171	236	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1171	237	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1171	238	plots	plot	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1171	239	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1171	240	Figure	Figure	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1171	241	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	1171	242	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1172	1	70	70	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	2	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	3	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	4	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	5	30	30	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	6	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	7	a10	a10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	8	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	9	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	10	30	30	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	11	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	12	yHa1L	yHa1L	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1172	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1172	14	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1172	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1172	16	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	17	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	18	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	19	30	30	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	20	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	21	a10	a10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	22	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	23	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	24	30	30	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	25	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	26	yHa1L	yHa1L	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1172	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1172	28	b	b	NN
work_b3ftiyv34jhylmblxzqccxhcby	1172	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1172	30	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	31	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	32	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	33	30	30	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	34	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	35	a10	a10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	36	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	37	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	38	30	30	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	39	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	40	yHa1L	yha1l	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	41	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1172	42	c	c	NN
work_b3ftiyv34jhylmblxzqccxhcby	1172	43	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1172	44	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	45	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	46	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	47	30	30	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	48	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	49	a10	a10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	50	10	10	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	51	20	20	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	52	30	30	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	53	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	54	yHa1L	yHa1L	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1172	55	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1172	56	d	d	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1172	57	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1172	58	Figure	figure	NN
work_b3ftiyv34jhylmblxzqccxhcby	1172	59	8	8	CD
work_b3ftiyv34jhylmblxzqccxhcby	1172	60	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1172	61	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1172	62	best	good	JJS
work_b3ftiyv34jhylmblxzqccxhcby	1172	63	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1172	64	mapping	mapping	NN
work_b3ftiyv34jhylmblxzqccxhcby	1172	65	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1172	66	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1172	67	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	1172	68	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1172	69	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1172	70	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1172	71	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1173	1	Parameters	parameter	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1173	2	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	1173	3	values	value	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1173	4	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1173	5	τu	τu	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1173	6	=	=	FW
work_b3ftiyv34jhylmblxzqccxhcby	1173	7	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1173	8	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1173	9	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1173	10	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1173	11	τε	τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1173	12	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1173	13	4	4	CD
work_b3ftiyv34jhylmblxzqccxhcby	1173	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1173	15	τη	τη	NN
work_b3ftiyv34jhylmblxzqccxhcby	1173	16	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1173	17	2/3	2/3	CD
work_b3ftiyv34jhylmblxzqccxhcby	1173	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1173	19	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1173	20	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1173	21	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1173	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1173	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1173	24	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1173	25	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1173	26	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1173	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1174	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1174	2	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1174	3	∈	∈	VB
work_b3ftiyv34jhylmblxzqccxhcby	1174	4	{	{	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1174	5	75	75	CD
work_b3ftiyv34jhylmblxzqccxhcby	1174	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1174	7	100	100	CD
work_b3ftiyv34jhylmblxzqccxhcby	1174	8	}	}	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1174	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1174	10	five	five	CD
work_b3ftiyv34jhylmblxzqccxhcby	1174	11	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1174	12	obtain	obtain	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1174	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1174	14	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	1174	15	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	1174	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1174	17	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1174	18	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1174	19	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1174	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1174	21	respectively	respectively	RB
work_b3ftiyv34jhylmblxzqccxhcby	1174	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1174	23	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1174	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1174	25	b	b	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1174	26	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1174	27	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1174	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1174	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1174	30	a	a	LS
work_b3ftiyv34jhylmblxzqccxhcby	1174	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1174	32	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1174	33	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1175	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1175	2	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1175	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1175	4	70	70	CD
work_b3ftiyv34jhylmblxzqccxhcby	1175	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1175	6	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	1175	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1175	8	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1175	9	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1175	10	stable	stable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1175	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1175	12	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1175	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1175	14	c	c	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1175	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1175	16	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1175	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1176	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1176	2	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1176	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1176	4	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1176	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1176	6	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	1176	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1176	8	LIE	LIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1176	9	survives	survive	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1176	10	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1176	11	panel	panel	NN
work_b3ftiyv34jhylmblxzqccxhcby	1176	12	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1176	13	d	d	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1176	14	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1176	15	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1176	16	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1177	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1177	2	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1177	3	baseline	baseline	NN
work_b3ftiyv34jhylmblxzqccxhcby	1177	4	simulation	simulation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1177	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1177	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1177	7	set	set	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1177	8	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1177	9	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1177	10	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1177	11	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1177	12	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1177	13	find	find	VB
work_b3ftiyv34jhylmblxzqccxhcby	1177	14	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	1177	15	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1177	16	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1177	17	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1177	18	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1177	19	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1177	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1177	21	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1177	22	vanishes	vanishe	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1177	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1178	1	While	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	1178	2	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1178	3	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1178	4	blush	blush	NN
work_b3ftiyv34jhylmblxzqccxhcby	1178	5	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1178	6	small	small	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1178	7	level	level	NN
work_b3ftiyv34jhylmblxzqccxhcby	1178	8	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1178	9	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1178	10	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1178	11	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	1178	12	seem	seem	VB
work_b3ftiyv34jhylmblxzqccxhcby	1178	13	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1178	14	question	question	VB
work_b3ftiyv34jhylmblxzqccxhcby	1178	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1178	16	relevance	relevance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1178	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1178	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1178	19	HIE	HIE	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1178	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1178	21	it	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1178	22	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1178	23	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1178	24	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	1178	25	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1178	26	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1178	27	parameterization	parameterization	NN
work_b3ftiyv34jhylmblxzqccxhcby	1178	28	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1178	29	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1178	30	uncommon	uncommon	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1178	31	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1178	32	calibrated	calibrate	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1178	33	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	1178	34	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	1178	35	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	1178	36	models	model	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1178	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1179	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1179	2	instance	instance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1179	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1179	4	Wang	Wang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1179	5	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1179	6	1994	1994	CD
work_b3ftiyv34jhylmblxzqccxhcby	1179	7	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1179	8	models	model	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1179	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1179	10	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	1179	11	payoff	payoff	NN
work_b3ftiyv34jhylmblxzqccxhcby	1179	12	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1179	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1179	14	dividend	dividend	NN
work_b3ftiyv34jhylmblxzqccxhcby	1179	15	process	process	NN
work_b3ftiyv34jhylmblxzqccxhcby	1179	16	Ft+1	Ft+1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1179	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1179	18	ρFt	ρFt	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1179	19	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1179	20	ωt+1	ωt+1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1179	21	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1179	22	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1179	23	Ft	Ft	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1179	24	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1179	25	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1179	26	persistent	persistent	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1179	27	component	component	NN
work_b3ftiyv34jhylmblxzqccxhcby	1179	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1179	29	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1179	30	ωt+1	ωt+1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1179	31	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1179	32	orthogonal	orthogonal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1179	33	random	random	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1179	34	error	error	NN
work_b3ftiyv34jhylmblxzqccxhcby	1179	35	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1179	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1179	37	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1179	38	corresponds	correspond	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1179	39	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1179	40	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1179	41	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1179	42	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1179	43	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1179	44	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1180	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1180	2	71	71	CD
work_b3ftiyv34jhylmblxzqccxhcby	1180	3	coefficient	coefficient	NN
work_b3ftiyv34jhylmblxzqccxhcby	1180	4	ρ	ρ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1180	5	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1180	6	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1180	7	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1180	8	parameterizes	parameterize	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1180	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1180	10	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	1180	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1180	12	past	past	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1180	13	fundamentals	fundamental	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1180	14	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1180	15	current	current	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1180	16	ones	one	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1180	17	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1181	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1181	2	fraction	fraction	NN
work_b3ftiyv34jhylmblxzqccxhcby	1181	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1181	4	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1181	5	coming	come	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1181	6	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1181	7	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1181	8	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1181	9	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1181	10	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1181	11	framework	framework	NN
work_b3ftiyv34jhylmblxzqccxhcby	1181	12	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1181	13	1−ρ2	1−ρ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1181	14	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1181	15	that	that	RB
work_b3ftiyv34jhylmblxzqccxhcby	1181	16	is	is	RB
work_b3ftiyv34jhylmblxzqccxhcby	1181	17	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1181	18	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1181	19	ratio	ratio	NN
work_b3ftiyv34jhylmblxzqccxhcby	1181	20	between	between	IN
work_b3ftiyv34jhylmblxzqccxhcby	1181	21	σ2ω	σ2ω	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1181	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1181	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1181	24	steady	steady	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1181	25	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1181	26	state	state	NN
work_b3ftiyv34jhylmblxzqccxhcby	1181	27	variance	variance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1181	28	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1181	29	Ft+1	Ft+1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1181	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1181	31	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1181	32	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1181	33	σ	σ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1181	34	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1181	35	ω/(1−ρ2	ω/(1−ρ2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1181	36	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1181	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1181	38	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1181	39	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1181	40	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1181	41	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1181	42	framework	framework	NN
work_b3ftiyv34jhylmblxzqccxhcby	1181	43	corresponds	correspond	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1181	44	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1181	45	τ−1δ	τ−1δ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1181	46	/(τ	/(τ	,
work_b3ftiyv34jhylmblxzqccxhcby	1181	47	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1181	48	δ	δ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1181	49	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1181	50	τ	τ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1181	51	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1181	52	v	v	NN
work_b3ftiyv34jhylmblxzqccxhcby	1181	53	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1181	54	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1182	1	It	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1182	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1182	3	easy	easy	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1182	4	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1182	5	show	show	VB
work_b3ftiyv34jhylmblxzqccxhcby	1182	6	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1182	7	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1182	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1182	9	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	1182	10	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1182	11	ρ	ρ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1182	12	∈	∈	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1182	13	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1182	14	.98	.98	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1182	15	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1182	16	.99	.99	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1182	17	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1182	18	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1182	19	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1182	20	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1182	21	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1182	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1182	23	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1182	24	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	1182	25	has	have	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1182	26	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1182	27	comparable	comparable	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1182	28	importance	importance	NN
work_b3ftiyv34jhylmblxzqccxhcby	1182	29	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1182	30	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1182	31	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	1182	32	implied	imply	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1182	33	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1182	34	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1182	35	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	1182	36	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1182	37	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1182	38	40	40	CD
work_b3ftiyv34jhylmblxzqccxhcby	1182	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1183	1	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	1183	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1183	3	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1183	4	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1183	5	example	example	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1183	7	take	take	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1183	8	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1183	9	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	10	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1183	11	represent	represent	VB
work_b3ftiyv34jhylmblxzqccxhcby	1183	12	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	13	patterns	pattern	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1183	14	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1183	15	occur	occur	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1183	16	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1183	17	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1183	18	quarterly	quarterly	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1183	19	frequency	frequency	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1183	21	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1183	22	roughly	roughly	RB
work_b3ftiyv34jhylmblxzqccxhcby	1183	23	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1183	24	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1183	25	critical	critical	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1183	26	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	27	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1183	28	ρ	ρ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	29	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1183	30	.95	.95	CD
work_b3ftiyv34jhylmblxzqccxhcby	1183	31	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1183	32	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1183	33	yearly	yearly	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1183	34	frequency	frequency	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	35	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1183	36	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1183	37	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1183	38	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1183	39	uncommon	uncommon	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1183	40	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1183	41	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1183	42	calibration	calibration	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	43	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1183	44	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	45	pricing	pricing	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	46	models.51	models.51	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1183	47	B.3	B.3	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1183	48	Long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1183	49	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1183	50	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	51	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1183	52	Consider	consider	VB
work_b3ftiyv34jhylmblxzqccxhcby	1183	53	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1183	54	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	55	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1183	56	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1183	57	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	58	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	1183	59	assume	assume	VB
work_b3ftiyv34jhylmblxzqccxhcby	1183	60	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1183	61	now	now	RB
work_b3ftiyv34jhylmblxzqccxhcby	1183	62	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1183	63	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1183	64	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1183	65	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1183	66	horizon	horizon	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	67	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1183	68	maximize	maximize	VB
work_b3ftiyv34jhylmblxzqccxhcby	1183	69	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1183	70	expected	expected	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1183	71	utility	utility	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	72	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1183	73	final	final	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1183	74	wealth	wealth	NN
work_b3ftiyv34jhylmblxzqccxhcby	1183	75	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1184	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1184	2	simplicity	simplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1184	3	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1184	4	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	1184	5	deal	deal	VB
work_b3ftiyv34jhylmblxzqccxhcby	1184	6	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1184	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1184	8	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1184	9	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1184	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1184	11	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1184	12	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1184	13	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1184	14	useless	useless	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1184	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1184	16	τη	τη	FW
work_b3ftiyv34jhylmblxzqccxhcby	1184	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1184	18	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1184	19	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1184	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1185	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1185	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1185	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1185	4	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1185	5	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1185	6	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1185	7	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	1185	8	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1185	9	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1185	10	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1185	11	reasons	reason	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1185	12	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1185	13	similar	similar	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1185	14	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1185	15	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	1185	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1185	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1185	18	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1185	19	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1185	20	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1185	21	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1185	22	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1185	23	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1185	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1186	1	A	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1186	2	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1186	3	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1186	4	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1186	5	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	1186	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1186	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1186	8	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1186	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1186	10	speculates	speculate	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1186	11	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1186	12	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1186	13	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1186	14	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1186	15	returns	return	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1186	16	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1186	17	takes	take	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1186	18	into	into	IN
work_b3ftiyv34jhylmblxzqccxhcby	1186	19	account	account	NN
work_b3ftiyv34jhylmblxzqccxhcby	1186	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1186	21	hedging	hedge	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1186	22	possibilities	possibility	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1186	23	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1186	24	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1186	25	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1186	26	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	1186	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1187	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1187	2	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	3	strategy	strategy	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	5	investor	investor	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	6	i	i	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1187	7	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1187	9	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1187	10	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1187	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	13	fact	fact	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	14	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1187	15	linear	linear	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1187	16	combination	combination	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	18	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1187	19	Ei1[p2]−p1	Ei1[p2]−p1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1187	20	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1187	21	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1187	22	Ei1[xi2	ei1[xi2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	23	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1187	24	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1187	25	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1187	26	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1187	27	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1187	28	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1187	29	2012)).52	2012)).52	CD
work_b3ftiyv34jhylmblxzqccxhcby	1187	30	Were	be	VBD
work_b3ftiyv34jhylmblxzqccxhcby	1187	31	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1187	32	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1187	33	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1187	34	expect	expect	VB
work_b3ftiyv34jhylmblxzqccxhcby	1187	35	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1187	36	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	37	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	38	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1187	39	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1187	40	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	1187	41	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1187	42	optimal	optimal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1187	43	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	44	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1187	45	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	46	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	1187	47	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	1187	48	like	like	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	49	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1187	50	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	1187	51	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	52	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1187	53	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1187	54	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	55	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1187	56	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1187	57	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1187	58	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	59	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	60	holding	hold	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1187	61	such	such	PDT
work_b3ftiyv34jhylmblxzqccxhcby	1187	62	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1187	63	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	64	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	1187	65	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	1187	66	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	1187	67	due	due	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	68	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	69	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1187	70	unpredictability	unpredictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	71	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	72	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1187	73	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	74	value.53	value.53	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1187	75	If	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	76	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1187	77	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	78	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1187	79	prices	price	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1187	80	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1187	81	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1187	82	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1187	83	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1187	84	optimally	optimally	RB
work_b3ftiyv34jhylmblxzqccxhcby	1187	85	exploit	exploit	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1187	86	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1187	87	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1187	88	run	run	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	89	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1187	90	differences	difference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1187	91	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1188	1	Two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	1188	2	factors	factor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1188	3	add	add	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1188	4	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1188	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1188	6	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	1188	7	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1188	8	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1188	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1188	10	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1188	11	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	1188	12	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1188	13	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1188	14	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1188	15	suffer	suffer	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1188	16	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1188	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1188	18	partial	partial	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1188	19	unpre-	unpre-	NN
work_b3ftiyv34jhylmblxzqccxhcby	1188	20	dictability	dictability	NN
work_b3ftiyv34jhylmblxzqccxhcby	1188	21	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1188	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1188	23	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1188	24	change	change	NN
work_b3ftiyv34jhylmblxzqccxhcby	1188	25	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1188	26	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1188	27	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1188	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1188	29	impossibility	impossibility	NN
work_b3ftiyv34jhylmblxzqccxhcby	1188	30	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1188	31	determining	determine	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1188	32	exactly	exactly	RB
work_b3ftiyv34jhylmblxzqccxhcby	1188	33	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1188	34	future	future	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1188	35	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	1188	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1189	1	However	however	RB
work_b3ftiyv34jhylmblxzqccxhcby	1189	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1189	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1189	4	opportunity	opportunity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1189	5	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1189	6	trade	trade	VB
work_b3ftiyv34jhylmblxzqccxhcby	1189	7	again	again	RB
work_b3ftiyv34jhylmblxzqccxhcby	1189	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1189	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1189	10	future	future	NN
work_b3ftiyv34jhylmblxzqccxhcby	1189	11	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	1189	12	grants	grant	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1189	13	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1189	14	hedge	hedge	NN
work_b3ftiyv34jhylmblxzqccxhcby	1189	15	against	against	IN
work_b3ftiyv34jhylmblxzqccxhcby	1189	16	potentially	potentially	RB
work_b3ftiyv34jhylmblxzqccxhcby	1189	17	adverse	adverse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1189	18	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1189	19	movements	movement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1189	20	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1190	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1190	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1190	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1190	4	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1190	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1190	6	yields	yield	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1190	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1190	8	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	1190	9	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1190	10	reduction	reduction	NN
work_b3ftiyv34jhylmblxzqccxhcby	1190	11	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1190	12	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1190	13	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	1190	14	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1190	15	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	1190	16	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1190	17	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1190	18	exactly	exactly	RB
work_b3ftiyv34jhylmblxzqccxhcby	1190	19	offsets	offset	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1190	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1190	21	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1190	22	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	1190	23	conditional	conditional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1190	24	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1190	25	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1190	26	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1190	27	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1191	1	As	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1191	2	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1191	3	consequence	consequence	NN
work_b3ftiyv34jhylmblxzqccxhcby	1191	4	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1191	5	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1191	6	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	1191	7	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1191	8	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1191	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1191	10	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1191	11	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	1191	12	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1191	13	51We	51we	CD
work_b3ftiyv34jhylmblxzqccxhcby	1191	14	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1191	15	indebted	indebte	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1191	16	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1191	17	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1191	18	anonymous	anonymous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1191	19	referee	referee	NN
work_b3ftiyv34jhylmblxzqccxhcby	1191	20	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1191	21	suggesting	suggest	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1191	22	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1191	23	calibration	calibration	NN
work_b3ftiyv34jhylmblxzqccxhcby	1191	24	exercise	exercise	NN
work_b3ftiyv34jhylmblxzqccxhcby	1191	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1192	1	52It	52it	CD
work_b3ftiyv34jhylmblxzqccxhcby	1192	2	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1192	3	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1192	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1192	5	form	form	NN
work_b3ftiyv34jhylmblxzqccxhcby	1192	6	xi1	xi1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1192	7	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1192	8	Γ	Γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1192	9	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1192	10	2(Ei1[p2]−p1	2(ei1[p2]−p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1192	11	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1192	12	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1192	13	Γ22Ei1[xi2	Γ22Ei1[xi2	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1192	14	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1192	15	where	where	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1192	16	Γ12	Γ12	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1192	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1192	18	Γ22	Γ22	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1192	19	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1192	20	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1192	21	parameters	parameter	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1192	22	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1192	23	Ei1[xi2	ei1[xi2	NN
work_b3ftiyv34jhylmblxzqccxhcby	1192	24	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1192	25	=	=	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1192	26	Λ	Λ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1192	27	−1	−1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1192	28	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1192	29	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1192	30	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1192	31	−λ2∆a2)(Ei1[v	−λ2∆a2)(ei1[v	CD
work_b3ftiyv34jhylmblxzqccxhcby	1192	32	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1192	33	−	−	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1192	34	p̂1	p̂1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1192	35	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1192	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1193	1	53Intuitively	53intuitively	RB
work_b3ftiyv34jhylmblxzqccxhcby	1193	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1193	3	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1193	4	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1193	5	today	today	NN
work_b3ftiyv34jhylmblxzqccxhcby	1193	6	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	1193	7	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1193	8	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1193	9	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	1193	10	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1193	11	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1193	12	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1193	13	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1193	14	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1193	15	change	change	VB
work_b3ftiyv34jhylmblxzqccxhcby	1193	16	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1193	17	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	1193	18	new	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1193	19	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1193	20	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1193	21	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1193	22	expected	expect	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1193	23	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1193	24	arrive	arrive	VB
work_b3ftiyv34jhylmblxzqccxhcby	1193	25	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1193	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1193	27	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1193	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1193	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1193	30	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	1193	31	collapses	collapse	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1193	32	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1193	33	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	1193	34	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1193	35	which	which	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1193	36	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1193	37	hold	hold	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1193	38	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1193	39	two	two	CD
work_b3ftiyv34jhylmblxzqccxhcby	1193	40	periods	period	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1193	41	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1193	42	risky	risky	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1193	43	asset	asset	NN
work_b3ftiyv34jhylmblxzqccxhcby	1193	44	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1194	1	Their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1194	2	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	1194	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1194	4	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	1194	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1194	6	naturally	naturally	RB
work_b3ftiyv34jhylmblxzqccxhcby	1194	7	coincides	coincide	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1194	8	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1194	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1194	10	one	one	NN
work_b3ftiyv34jhylmblxzqccxhcby	1194	11	they	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1194	12	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	1194	13	hold	hold	VB
work_b3ftiyv34jhylmblxzqccxhcby	1194	14	in	in	RP
work_b3ftiyv34jhylmblxzqccxhcby	1194	15	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1194	16	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1194	17	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1194	18	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1195	1	72	72	CD
work_b3ftiyv34jhylmblxzqccxhcby	1195	2	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1195	3	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1195	4	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1195	5	nature	nature	NN
work_b3ftiyv34jhylmblxzqccxhcby	1195	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1195	7	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1195	8	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1195	9	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1195	10	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1195	11	information.54	information.54	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1195	12	Still	Still	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1195	13	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1195	14	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	1195	15	spec-	spec-	VB
work_b3ftiyv34jhylmblxzqccxhcby	1195	16	ulate	ulate	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1195	17	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1195	18	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1195	19	differences	difference	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1195	20	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	1195	21	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	1195	22	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1195	23	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1195	24	making	make	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1195	25	purposes	purpose	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1195	26	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1195	27	profit	profit	VB
work_b3ftiyv34jhylmblxzqccxhcby	1195	28	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1195	29	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1195	30	mean	mean	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1195	31	reversion	reversion	NN
work_b3ftiyv34jhylmblxzqccxhcby	1195	32	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1195	33	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1195	34	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	1195	35	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1196	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1196	2	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1196	3	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1196	4	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1196	5	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1196	6	truly	truly	RB
work_b3ftiyv34jhylmblxzqccxhcby	1196	7	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1196	8	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1196	9	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1196	10	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1196	11	speculate	speculate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1196	12	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1196	13	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1196	14	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1196	15	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1196	16	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1196	17	movements	movement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1196	18	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1196	19	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1196	20	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1196	21	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1196	22	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1196	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1197	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1197	2	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1197	3	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	1197	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1197	5	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1197	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1197	7	responsiveness	responsiveness	NN
work_b3ftiyv34jhylmblxzqccxhcby	1197	8	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1197	9	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1197	10	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1197	11	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1197	12	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1197	13	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1197	14	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1197	15	do	do	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1197	16	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1197	17	receive	receive	VB
work_b3ftiyv34jhylmblxzqccxhcby	1197	18	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1197	19	new	new	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1197	20	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1197	21	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1197	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1197	23	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1197	24	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1197	25	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1197	26	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1197	27	our	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1197	28	base	base	NN
work_b3ftiyv34jhylmblxzqccxhcby	1197	29	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	1197	30	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1197	31	see	see	VB
work_b3ftiyv34jhylmblxzqccxhcby	1197	32	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1197	33	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1197	34	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1197	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1197	36	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	1197	37	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1197	38	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1197	39	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1197	40	given	give	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1197	41	by	by	IN
work_b3ftiyv34jhylmblxzqccxhcby	1197	42	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1197	43	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1197	44	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1197	45	γτε(1	γτε(1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1197	46	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1197	47	γτu∆a2	γτu∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1197	48	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1197	49	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1197	50	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1197	51	κ	κ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1197	52	+	+	CC
work_b3ftiyv34jhylmblxzqccxhcby	1197	53	γτu∆a2	γτu∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1197	54	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1197	55	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1197	56	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1197	57	γτε	γτε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1197	58	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1197	59	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1197	60	κ	κ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1197	61	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1198	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1198	2	κ	κ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1198	3	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1198	4	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1198	5	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	1198	6	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1198	7	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1198	8	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1198	9	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1198	10	γτε	γτε	NN
work_b3ftiyv34jhylmblxzqccxhcby	1198	11	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1199	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1199	2	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1199	3	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1199	4	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	5	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1199	6	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1199	7	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1199	8	under	under	IN
work_b3ftiyv34jhylmblxzqccxhcby	1199	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	10	assumptions	assumption	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1199	11	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1199	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	13	model	model	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	14	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1199	15	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	16	feed	feed	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	17	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1199	18	back	back	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	19	loop	loop	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	20	that	that	WDT
work_b3ftiyv34jhylmblxzqccxhcby	1199	21	generates	generate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1199	22	multiplicity	multiplicity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	23	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1199	24	broken	break	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1199	25	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	1199	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	27	optimal	optimal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1199	28	strategy	strategy	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	29	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1199	30	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	31	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1199	32	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	33	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1199	34	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1199	35	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1199	36	buy	buy	VB
work_b3ftiyv34jhylmblxzqccxhcby	1199	37	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1199	38	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1199	39	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1199	40	hold	hold	VB
work_b3ftiyv34jhylmblxzqccxhcby	1199	41	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1199	42	:	:	:
work_b3ftiyv34jhylmblxzqccxhcby	1199	43	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1199	44	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	45	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1199	46	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	47	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1199	48	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1199	49	receive	receive	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1199	50	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1199	51	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1199	52	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	53	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1199	54	take	take	VB
work_b3ftiyv34jhylmblxzqccxhcby	1199	55	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	56	position	position	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	57	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1199	58	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	1199	59	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1199	60	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	61	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1199	62	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	63	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	1199	64	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1199	65	no	no	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	66	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1199	67	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	68	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1199	69	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	70	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1199	71	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1199	72	just	just	RB
work_b3ftiyv34jhylmblxzqccxhcby	1199	73	make	make	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1199	74	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	75	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	76	absorbing	absorb	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1199	77	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	78	demands	demand	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1199	79	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1199	80	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	81	traders.55	traders.55	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1199	82	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1199	83	κ	κ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1199	84	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1199	85	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1199	86	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1199	87	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1199	88	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1199	89	ργτε/(1	ργτε/(1	ADD
work_b3ftiyv34jhylmblxzqccxhcby	1199	90	+	+	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1199	91	κ	κ	LS
work_b3ftiyv34jhylmblxzqccxhcby	1199	92	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1199	93	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1199	94	ρ	ρ	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	95	>	>	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1199	96	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1199	97	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1199	98	any	any	DT
work_b3ftiyv34jhylmblxzqccxhcby	1199	99	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1199	100	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1200	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1200	2	endogenous	endogenous	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1200	3	parameter	parameter	NN
work_b3ftiyv34jhylmblxzqccxhcby	1200	4	ρ	ρ	IN
work_b3ftiyv34jhylmblxzqccxhcby	1200	5	captures	capture	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1200	6	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1200	7	deviation	deviation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1200	8	from	from	IN
work_b3ftiyv34jhylmblxzqccxhcby	1200	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1200	10	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1200	11	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1200	12	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1200	13	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1200	14	responsiveness	responsiveness	NN
work_b3ftiyv34jhylmblxzqccxhcby	1200	15	due	due	IN
work_b3ftiyv34jhylmblxzqccxhcby	1200	16	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1200	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1200	18	presence	presence	NN
work_b3ftiyv34jhylmblxzqccxhcby	1200	19	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1200	20	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1200	21	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1200	22	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1201	1	Thus	thus	RB
work_b3ftiyv34jhylmblxzqccxhcby	1201	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1201	3	prior	prior	RB
work_b3ftiyv34jhylmblxzqccxhcby	1201	4	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1201	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1201	6	last	last	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1201	7	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	1201	8	round	round	NN
work_b3ftiyv34jhylmblxzqccxhcby	1201	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1201	10	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1201	11	react	react	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1201	12	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1201	13	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1201	14	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1201	15	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1201	16	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	1201	17	aggressively	aggressively	RB
work_b3ftiyv34jhylmblxzqccxhcby	1201	18	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	1201	19	if	if	IN
work_b3ftiyv34jhylmblxzqccxhcby	1201	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1201	21	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1201	22	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	1201	23	were	be	VBD
work_b3ftiyv34jhylmblxzqccxhcby	1201	24	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1201	25	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	1201	26	realized	realize	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1201	27	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1201	28	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1201	29	next	next	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1201	30	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1201	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1202	1	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	1202	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1202	3	while	while	IN
work_b3ftiyv34jhylmblxzqccxhcby	1202	4	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1202	5	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1202	6	makes	make	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1202	7	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1202	8	less	less	RBR
work_b3ftiyv34jhylmblxzqccxhcby	1202	9	confident	confident	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1202	10	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	1202	11	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1202	12	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1202	13	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1202	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1202	15	presence	presence	NN
work_b3ftiyv34jhylmblxzqccxhcby	1202	16	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1202	17	an	an	DT
work_b3ftiyv34jhylmblxzqccxhcby	1202	18	additional	additional	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1202	19	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	1202	20	round	round	NN
work_b3ftiyv34jhylmblxzqccxhcby	1202	21	increases	increase	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1202	22	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1202	23	opportunities	opportunity	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1202	24	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1202	25	adjust	adjust	VB
work_b3ftiyv34jhylmblxzqccxhcby	1202	26	suboptimal	suboptimal	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1202	27	positions	position	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1202	28	prior	prior	RB
work_b3ftiyv34jhylmblxzqccxhcby	1202	29	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1202	30	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1202	31	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1203	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1203	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1203	3	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1203	4	turn	turn	NN
work_b3ftiyv34jhylmblxzqccxhcby	1203	5	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1203	6	boosts	boost	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1203	7	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1203	8	’	’	POS
work_b3ftiyv34jhylmblxzqccxhcby	1203	9	reaction	reaction	NN
work_b3ftiyv34jhylmblxzqccxhcby	1203	10	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1203	11	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1203	12	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1203	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1204	1	Residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1204	2	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1204	3	implies	imply	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1204	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1204	5	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1204	6	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1204	7	speculate	speculate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1204	8	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1204	9	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1204	10	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1204	11	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1204	12	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1204	13	movements	movement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1204	14	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1204	15	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1204	16	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1204	17	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1204	18	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1204	19	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1205	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1205	2	makes	make	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1205	3	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1205	4	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1205	5	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1205	6	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1206	1	Indeed	indeed	RB
work_b3ftiyv34jhylmblxzqccxhcby	1206	2	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1206	3	faced	face	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1206	4	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1206	5	uncertain	uncertain	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1206	6	impending	impending	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1206	7	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1206	8	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1206	9	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1206	10	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1206	11	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1206	12	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	1206	13	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1206	14	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1206	15	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1206	16	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1206	17	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1206	18	going	go	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1206	19	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1206	20	use	use	VB
work_b3ftiyv34jhylmblxzqccxhcby	1206	21	much	much	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1206	22	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1206	23	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1206	24	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1206	25	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1207	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1207	2	makes	make	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1207	3	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1207	4	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	1207	5	behave	behave	VB
work_b3ftiyv34jhylmblxzqccxhcby	1207	6	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1207	7	54In	54In	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1207	8	fact	fact	NN
work_b3ftiyv34jhylmblxzqccxhcby	1207	9	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1207	10	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1207	11	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1207	12	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1207	13	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1207	14	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1207	15	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1207	16	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	1207	17	xi1	xi1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1207	18	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1207	19	E[xi2|si	E[xi2|si	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1207	20	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1207	21	p1	p1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1207	22	]	]	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1207	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1208	1	When	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1208	2	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1208	3	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1208	4	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1208	5	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1208	6	speculate	speculate	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1208	7	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	1208	8	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1208	9	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1208	10	changes	change	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1208	11	based	base	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1208	12	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1208	13	public	public	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1208	14	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1208	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1209	1	55If	55if	CD
work_b3ftiyv34jhylmblxzqccxhcby	1209	2	informed	informed	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1209	3	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1209	4	were	be	VBD
work_b3ftiyv34jhylmblxzqccxhcby	1209	5	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1209	6	receive	receive	VB
work_b3ftiyv34jhylmblxzqccxhcby	1209	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1209	8	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1209	9	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1209	10	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1209	11	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1209	12	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1209	13	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1209	14	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	1209	15	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	1209	16	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	1209	17	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	1209	18	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1209	19	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	1209	20	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1209	21	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1209	22	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1209	23	but	but	CC
work_b3ftiyv34jhylmblxzqccxhcby	1209	24	still	still	RB
work_b3ftiyv34jhylmblxzqccxhcby	1209	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1209	26	strategies	strategy	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1209	27	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	1209	28	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	1209	29	static	static	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1209	30	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1209	31	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1209	32	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	1209	33	would	would	MD
work_b3ftiyv34jhylmblxzqccxhcby	1209	34	still	still	RB
work_b3ftiyv34jhylmblxzqccxhcby	1209	35	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	1209	36	positive	positive	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1209	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1210	1	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1210	2	reason	reason	NN
work_b3ftiyv34jhylmblxzqccxhcby	1210	3	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1210	4	that	that	IN
work_b3ftiyv34jhylmblxzqccxhcby	1210	5	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1210	6	trading	trading	NN
work_b3ftiyv34jhylmblxzqccxhcby	1210	7	intensity	intensity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1210	8	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1210	9	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1210	10	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1210	11	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1210	12	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	1210	13	always	always	RB
work_b3ftiyv34jhylmblxzqccxhcby	1210	14	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	1210	15	larger	large	JJR
work_b3ftiyv34jhylmblxzqccxhcby	1210	16	than	than	IN
work_b3ftiyv34jhylmblxzqccxhcby	1210	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1210	18	one	one	CD
work_b3ftiyv34jhylmblxzqccxhcby	1210	19	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1210	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1210	21	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1210	22	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1210	23	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1210	24	a2	a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1210	25	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1210	26	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1210	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1210	28	τε2	τε2	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1210	29	+	+	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1210	30	τε1	τε1	NN
work_b3ftiyv34jhylmblxzqccxhcby	1210	31	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1210	32	>	>	XX
work_b3ftiyv34jhylmblxzqccxhcby	1210	33	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1210	34	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1210	35	γτε	γτε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1210	36	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1210	37	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	1210	38	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1210	39	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1210	40	about	about	IN
work_b3ftiyv34jhylmblxzqccxhcby	1210	41	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1210	42	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1210	43	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	1210	44	accumulates	accumulate	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1210	45	over	over	IN
work_b3ftiyv34jhylmblxzqccxhcby	1210	46	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	1210	47	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1211	1	With	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1211	2	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1211	3	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1211	4	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1211	5	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1211	6	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1211	7	can	can	MD
work_b3ftiyv34jhylmblxzqccxhcby	1211	8	not	not	RB
work_b3ftiyv34jhylmblxzqccxhcby	1211	9	have	have	VB
work_b3ftiyv34jhylmblxzqccxhcby	1211	10	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1211	11	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1211	12	impacts	impact	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1211	13	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1211	14	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1211	15	joint	joint	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1211	16	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1211	17	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1211	18	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1211	19	reveals	reveal	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1211	20	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1211	21	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1211	22	value	value	NN
work_b3ftiyv34jhylmblxzqccxhcby	1211	23	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1212	1	73	73	CD
work_b3ftiyv34jhylmblxzqccxhcby	1212	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1212	3	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1212	4	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1212	5	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	1212	6	like	like	IN
work_b3ftiyv34jhylmblxzqccxhcby	1212	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1212	8	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1212	9	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1212	10	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1212	11	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	1212	12	since	since	IN
work_b3ftiyv34jhylmblxzqccxhcby	1212	13	he	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1212	14	will	will	MD
work_b3ftiyv34jhylmblxzqccxhcby	1212	15	try	try	VB
work_b3ftiyv34jhylmblxzqccxhcby	1212	16	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1212	17	unwind	unwind	VB
work_b3ftiyv34jhylmblxzqccxhcby	1212	18	his	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1212	19	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1212	20	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1212	21	holdings	holding	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1212	22	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1212	23	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1212	24	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1212	25	at	at	IN
work_b3ftiyv34jhylmblxzqccxhcby	1212	26	time	time	NN
work_b3ftiyv34jhylmblxzqccxhcby	1212	27	2	2	CD
work_b3ftiyv34jhylmblxzqccxhcby	1212	28	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1212	29	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1212	30	carry	carry	VB
work_b3ftiyv34jhylmblxzqccxhcby	1212	31	little	little	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1212	32	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1212	33	that	that	DT
work_b3ftiyv34jhylmblxzqccxhcby	1212	34	inventory	inventory	NN
work_b3ftiyv34jhylmblxzqccxhcby	1212	35	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1212	36	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1212	37	liquidation	liquidation	NN
work_b3ftiyv34jhylmblxzqccxhcby	1212	38	date	date	NN
work_b3ftiyv34jhylmblxzqccxhcby	1212	39	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1213	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1213	2	this	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1213	3	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1213	4	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1213	5	liquidity	liquidity	NN
work_b3ftiyv34jhylmblxzqccxhcby	1213	6	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1213	7	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1213	8	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1213	9	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1213	10	market	market	NN
work_b3ftiyv34jhylmblxzqccxhcby	1213	11	becomes	become	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1213	12	much	much	RB
work_b3ftiyv34jhylmblxzqccxhcby	1213	13	more	more	RBR
work_b3ftiyv34jhylmblxzqccxhcby	1213	14	important	important	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1213	15	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1213	16	determine	determine	VB
work_b3ftiyv34jhylmblxzqccxhcby	1213	17	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1213	18	trader	trader	NN
work_b3ftiyv34jhylmblxzqccxhcby	1213	19	’s	’s	POS
work_b3ftiyv34jhylmblxzqccxhcby	1213	20	reaction	reaction	NN
work_b3ftiyv34jhylmblxzqccxhcby	1213	21	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1213	22	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1213	23	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1213	24	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1213	25	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1213	26	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1213	27	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1213	28	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1213	29	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1213	30	self-	self-	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1213	31	fulfilling	fulfil	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1213	32	expectational	expectational	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1213	33	loops	loop	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1213	34	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1213	35	possible	possible	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1213	36	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1213	37	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1213	38	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1213	39	case	case	NN
work_b3ftiyv34jhylmblxzqccxhcby	1213	40	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1213	41	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1213	42	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1213	43	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1213	44	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1213	45	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1214	1	Again	again	RB
work_b3ftiyv34jhylmblxzqccxhcby	1214	2	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1214	3	possibility	possibility	NN
work_b3ftiyv34jhylmblxzqccxhcby	1214	4	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1214	5	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1214	6	equilibria	equilibria	NN
work_b3ftiyv34jhylmblxzqccxhcby	1214	7	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1214	8	linked	link	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1214	9	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1214	10	having	have	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1214	11	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1214	12	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1214	13	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1214	14	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	1214	15	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1214	16	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1214	17	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1214	18	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1214	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1214	20	λ2	λ2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1214	21	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1214	22	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1214	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1214	24	due	due	IN
work_b3ftiyv34jhylmblxzqccxhcby	1214	25	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1214	26	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1214	27	large	large	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1214	28	response	response	NN
work_b3ftiyv34jhylmblxzqccxhcby	1214	29	to	to	IN
work_b3ftiyv34jhylmblxzqccxhcby	1214	30	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1214	31	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1214	32	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1214	33	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1214	34	first	first	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1214	35	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1214	36	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1214	37	generating	generate	VBG
work_b3ftiyv34jhylmblxzqccxhcby	1214	38	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1214	39	<	<	XX
work_b3ftiyv34jhylmblxzqccxhcby	1214	40	0	0	NFP
work_b3ftiyv34jhylmblxzqccxhcby	1214	41	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1214	42	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1215	1	For	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1215	2	example	example	NN
work_b3ftiyv34jhylmblxzqccxhcby	1215	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1215	4	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	1215	5	equilibra	equilibra	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1215	6	arise	arise	VB
work_b3ftiyv34jhylmblxzqccxhcby	1215	7	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1215	8	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1215	9	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1215	10	200,τε	200,τε	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1215	11	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1215	12	τv	τv	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1215	13	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1215	14	τu	τu	FW
work_b3ftiyv34jhylmblxzqccxhcby	1215	15	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1215	16	γ	γ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1215	17	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1215	18	1	1	CD
work_b3ftiyv34jhylmblxzqccxhcby	1215	19	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1215	20	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1215	21	=	=	SYM
work_b3ftiyv34jhylmblxzqccxhcby	1215	22	.2	.2	.
work_b3ftiyv34jhylmblxzqccxhcby	1215	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1215	24	only	only	RB
work_b3ftiyv34jhylmblxzqccxhcby	1215	25	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1215	26	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1215	27	low	low	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1215	28	a1	a1	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1215	29	equilibrium	equilibrium	NN
work_b3ftiyv34jhylmblxzqccxhcby	1215	30	we	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1215	31	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1215	32	∆a2	∆a2	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1215	33	>	>	FW
work_b3ftiyv34jhylmblxzqccxhcby	1215	34	0	0	CD
work_b3ftiyv34jhylmblxzqccxhcby	1215	35	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1215	36	stability	stability	NN
work_b3ftiyv34jhylmblxzqccxhcby	1215	37	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1216	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1216	2	general	general	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1216	3	three	three	CD
work_b3ftiyv34jhylmblxzqccxhcby	1216	4	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1216	5	are	be	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1216	6	obtained	obtain	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1216	7	for	for	IN
work_b3ftiyv34jhylmblxzqccxhcby	1216	8	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1216	9	β	β	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1216	10	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1216	11	high	high	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1216	12	τδ	τδ	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1216	13	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1217	1	Multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1217	2	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1217	3	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	1217	4	arise	arise	VB
work_b3ftiyv34jhylmblxzqccxhcby	1217	5	also	also	RB
work_b3ftiyv34jhylmblxzqccxhcby	1217	6	when	when	WRB
work_b3ftiyv34jhylmblxzqccxhcby	1217	7	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	1217	8	is	be	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1217	9	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1217	10	common	common	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1217	11	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	1217	12	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1217	13	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1217	14	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1217	15	signal	signal	NN
work_b3ftiyv34jhylmblxzqccxhcby	1217	16	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1217	17	Grundy	Grundy	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1217	18	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1217	19	McNichols	McNichols	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1217	20	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1217	21	1989	1989	CD
work_b3ftiyv34jhylmblxzqccxhcby	1217	22	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1217	23	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1217	24	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1218	1	In	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1218	2	summary	summary	NN
work_b3ftiyv34jhylmblxzqccxhcby	1218	3	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1218	4	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1218	5	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1218	6	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1218	7	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1218	8	risk	risk	NN
work_b3ftiyv34jhylmblxzqccxhcby	1218	9	averse	averse	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1218	10	investors	investor	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1218	11	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1218	12	either	either	CC
work_b3ftiyv34jhylmblxzqccxhcby	1218	13	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1218	14	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1218	15	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1218	16	He	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1218	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1218	18	Wang	Wang	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1218	19	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1218	20	1995	1995	CD
work_b3ftiyv34jhylmblxzqccxhcby	1218	21	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1218	22	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1218	23	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1218	24	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1218	25	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1218	26	Vives	Vives	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1218	27	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1218	28	2012	2012	CD
work_b3ftiyv34jhylmblxzqccxhcby	1218	29	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1218	30	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1218	31	,	,	,
work_b3ftiyv34jhylmblxzqccxhcby	1218	32	or	or	CC
work_b3ftiyv34jhylmblxzqccxhcby	1218	33	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1218	34	common	common	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1218	35	shock	shock	NN
work_b3ftiyv34jhylmblxzqccxhcby	1218	36	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1218	37	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1218	38	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1218	39	signals	signal	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1218	40	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1218	41	Grundy	Grundy	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1218	42	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1218	43	McNichols	McNichols	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1218	44	(	(	-LRB-
work_b3ftiyv34jhylmblxzqccxhcby	1218	45	1989	1989	CD
work_b3ftiyv34jhylmblxzqccxhcby	1218	46	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1218	47	)	)	-RRB-
work_b3ftiyv34jhylmblxzqccxhcby	1218	48	there	there	EX
work_b3ftiyv34jhylmblxzqccxhcby	1218	49	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	1218	50	be	be	VB
work_b3ftiyv34jhylmblxzqccxhcby	1218	51	multiple	multiple	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1218	52	equilibria	equilibrium	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1218	53	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1219	1	We	-PRON-	PRP
work_b3ftiyv34jhylmblxzqccxhcby	1219	2	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	1219	3	have	have	VB
work_b3ftiyv34jhylmblxzqccxhcby	1219	4	situations	situation	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1219	5	then	then	RB
work_b3ftiyv34jhylmblxzqccxhcby	1219	6	with	with	IN
work_b3ftiyv34jhylmblxzqccxhcby	1219	7	a	a	DT
work_b3ftiyv34jhylmblxzqccxhcby	1219	8	negative	negative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1219	9	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1219	10	impact	impact	NN
work_b3ftiyv34jhylmblxzqccxhcby	1219	11	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1219	12	the	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1219	13	second	second	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1219	14	period	period	NN
work_b3ftiyv34jhylmblxzqccxhcby	1219	15	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1220	1	This	this	DT
work_b3ftiyv34jhylmblxzqccxhcby	1220	2	arises	arise	VBZ
work_b3ftiyv34jhylmblxzqccxhcby	1220	3	because	because	IN
work_b3ftiyv34jhylmblxzqccxhcby	1220	4	in	in	IN
work_b3ftiyv34jhylmblxzqccxhcby	1220	5	those	those	DT
work_b3ftiyv34jhylmblxzqccxhcby	1220	6	cases	case	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1220	7	informed	inform	VBN
work_b3ftiyv34jhylmblxzqccxhcby	1220	8	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1220	9	have	have	VBP
work_b3ftiyv34jhylmblxzqccxhcby	1220	10	incentives	incentive	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1220	11	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1220	12	use	use	VB
work_b3ftiyv34jhylmblxzqccxhcby	1220	13	their	-PRON-	PRP$
work_b3ftiyv34jhylmblxzqccxhcby	1220	14	private	private	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1220	15	information	information	NN
work_b3ftiyv34jhylmblxzqccxhcby	1220	16	to	to	TO
work_b3ftiyv34jhylmblxzqccxhcby	1220	17	speculate	speculate	VB
work_b3ftiyv34jhylmblxzqccxhcby	1220	18	on	on	IN
work_b3ftiyv34jhylmblxzqccxhcby	1220	19	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1220	20	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1220	21	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1220	22	price	price	NN
work_b3ftiyv34jhylmblxzqccxhcby	1220	23	movements	movement	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1220	24	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1220	25	long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1220	26	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1220	27	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1220	28	traders	trader	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1220	29	may	may	MD
work_b3ftiyv34jhylmblxzqccxhcby	1220	30	behave	behave	VB
work_b3ftiyv34jhylmblxzqccxhcby	1220	31	as	as	IN
work_b3ftiyv34jhylmblxzqccxhcby	1220	32	short	short	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1220	33	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1220	34	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1220	35	ones	one	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1220	36	.	.	.
work_b3ftiyv34jhylmblxzqccxhcby	1221	1	74	74	CD
work_b3ftiyv34jhylmblxzqccxhcby	1221	2	Cover	Cover	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1221	3	page	page	NN
work_b3ftiyv34jhylmblxzqccxhcby	1221	4	Cespa	Cespa	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1221	5	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1221	6	Beauty	Beauty	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1221	7	Contest.pdf	Contest.pdf	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1221	8	st-model-November-13-14.pdf	st-model-November-13-14.pdf	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1221	9	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1221	10	Online	Online	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1221	11	Appendix	Appendix	NNP
work_b3ftiyv34jhylmblxzqccxhcby	1221	12	Non	non	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1221	13	-	-	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1221	14	monotone	monotone	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1221	15	comparative	comparative	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1221	16	statics	static	NNS
work_b3ftiyv34jhylmblxzqccxhcby	1221	17	and	and	CC
work_b3ftiyv34jhylmblxzqccxhcby	1221	18	dynamic	dynamic	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1221	19	adjustment	adjustment	NN
work_b3ftiyv34jhylmblxzqccxhcby	1221	20	The	the	DT
work_b3ftiyv34jhylmblxzqccxhcby	1221	21	effect	effect	NN
work_b3ftiyv34jhylmblxzqccxhcby	1221	22	of	of	IN
work_b3ftiyv34jhylmblxzqccxhcby	1221	23	residual	residual	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1221	24	uncertainty	uncertainty	NN
work_b3ftiyv34jhylmblxzqccxhcby	1221	25	Long	long	JJ
work_b3ftiyv34jhylmblxzqccxhcby	1221	26	-	-	HYPH
work_b3ftiyv34jhylmblxzqccxhcby	1221	27	term	term	NN
work_b3ftiyv34jhylmblxzqccxhcby	1221	28	investors	investor	NNS