TRANSMISSION AND PRODUCTION OF INFORMATION IN IMPERFECTLY COMPETITIVE FINANCIAL-MARKETS

被引：2

作者：

CABALLE, J

机构：

来源：

JOURNAL OF ECONOMICS AND BUSINESS | 1993年 / 45卷 / 05期

关键词：

D O I：

10.1016/0148-6195(93)90038-P

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper studies the problem of information sharing among insiders in a financial market with traders who are not price takers, but act strategically. The different types of associations are ranked from the viewpoint of insiders' profits. As a byproduct, I also consider the decision problem faced by a monopolistic producer of information who is able to control the quality of the information he sells.

引用

页码：409 / 419

页数：11

共 14 条

[1] A Theory of Intraday Patterns: Volume and Price Variability [J].