Limelight on dark markets: theory and experimental evidence on liquidity and information

DOI10.1016/J.JEDC.2016.11.003MaRDI QIDQ1655552zbMATH OpenOpenAlexFDO

Authors Aleksander Berentsen, Michael McBride, Guillaume Rocheteau

Publication date 9 August 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://www.econ.uzh.ch/static/wp/econwp126.pdf

zbMATH Keywords

informationliquiditymoneyexperiments

Mathematics Subject Classification ID

Experimental studies (91A90) Microeconomic theory (price theory and economic markets) (91B24) Economics of information (91B44)

Recommendations

• Information, liquidity, and asset trading in a random matching game
• Decentralized trading with private information
• No-trade in the laboratory
• Efficient dark markets
• Liquidity in Asset Markets With Search Frictions

Cites work

• scientific article; zbMATH DE number 1907684 (Why is no real title available?)
• A Liquidity-based Model of Security Design
• A Theory of Fairness, Competition, and Cooperation
• Cigarette money
• Commodity money in the presence of goods of heterogeneous quality
• Experimental evidence on money as a medium of exchange
• Experimental results on ultimatum games with incomplete information
• Fairness in ultimatum games with asymmetric information and asymmetric payoffs
• Imperfect recognizability and coexistence of money and higher-return assets
• Incentives to produce quality and the liquidity of money
• Information, liquidity, and asset trading in a random matching game
• Money and Information
• Money and prices: A model of search and bargaining
• More on money as a medium of exchange
• On the Strategic Stability of Equilibria
• On the threat of counterfeiting
• Over-the-Counter Markets
• Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons
• The threat of counterfeiting in competitive search equilibrium

Cited in

(2)

• SIMULTANEOUS TRADING IN ‘LIT’ AND DARK POOLS
• Information, liquidity, and asset trading in a random matching game

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