Asset bundling and information acquisition of investors with different expertise

DOI10.1016/j.jet.2018.02.003zbMath1422.91688OpenAlexW2765704788MaRDI QIDQ1753702

Liang Dai

Publication date: 29 May 2018

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2018.02.003

zbMATH Keywords

securitizationendogenous information acquisitionasset bundlingconglomerate formationheterogeneous learning expertise

Mathematics Subject Classification ID

Derivative securities (option pricing, hedging, etc.) (91G20) Economics of information (91B44) Portfolio theory (91G10)

Related Items (3)

Public disclosure and private information acquisition: a global game approach ⋮ Pricing Strategies of Unbundling and Mixed-Bundling in a Two-Sided Market Under Stochastic Demand ⋮ On equilibrium existence in a finite-agent, multi-asset noisy rational expectations economy

Cites Work

• A Mathematical Theory of Communication
• Liquid bundles
• Optimal contracts and competitive markets with costly state verification
• Financial market innovation and security design: An introduction
• Portfolio choice, attention allocation, and price comovement
• Information Acquisition and Under-Diversification
• A Noisy Rational Expectations Equilibrium for Multi-Asset Securities Markets
• Information Revelation and Market Incompleteness
• A Liquidity-based Model of Security Design

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