Asset bundling and information acquisition of investors with different expertise

DOI10.1016/J.JET.2018.02.003MaRDI QIDQ1753702zbMATH OpenOpenAlexFDO

Authors 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

asset bundlingconglomerate formationendogenous information acquisitionheterogeneous learning expertisesecuritization

Mathematics Subject Classification ID

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

Recommendations

• Bundlers' dilemmas in financial markets with sampling investors
• Information acquisition and under-diversification
• Liquid bundles
• Bundling, information aggregation and entry deterrence
• Bundling information goods: pricing, profits, and efficiency

Cites work

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

Cited in

(5)

• On equilibrium existence in a finite-agent, multi-asset noisy rational expectations economy
• Bundlers' dilemmas in financial markets with sampling investors
• Pricing strategies of unbundling and mixed-bundling in a two-sided market under stochastic demand
• Public disclosure and private information acquisition: a global game approach
• Information acquisition and mutual funds

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