Price crashes, information aggregation, and market-making
From MaRDI portal
Publication:1367761
DOI10.1006/jeth.1997.2261zbMath0888.90041OpenAlexW1982667353MaRDI QIDQ1367761
Vicente Madrigal, José Alexandre Scheinkman
Publication date: 21 May 1998
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1006/jeth.1997.2261
Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26)
Related Items (4)
Stock market crashes and dynamics of aftershocks ⋮ Rational panics and stock market crashes. ⋮ Social interactions, product differentiation and discontinuity of demand ⋮ Learning, rare events, and recurrent market crashes in frictionless economies without intrinsic uncertainty
Cites Work
- Rational expectations with imperfect competition: a Bertrand-Edgeworth example
- On the aggregation of information in competitive markets
- Information, trade and common knowledge
- A Noisy Rational Expectations Equilibrium for Multi-Asset Securities Markets
- Continuous Auctions and Insider Trading
- Informed Speculation with Imperfect Competition
- Games with Incomplete Information Played by “Bayesian” Players, I–III Part I. The Basic Model
This page was built for publication: Price crashes, information aggregation, and market-making
