Efficiency in trading markets with multi-dimensional signals

DOI10.1016/J.JET.2020.105156MaRDI QIDQ1995299zbMATHOpenAlexFDO

Authors Tibor Heumann

Publication date 23 February 2021

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

Full work available at URL https://doi.org/10.1016/j.jet.2020.105156

zbMATH Keywords

information aggregationrational expectations equilibriummulti-dimensional signalssupply function competitiondemand function competition

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Microeconomic theory (price theory and economic markets) (91B24)

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Cites work

• A concise introduction to linear algebra
• Aggregation of Information in Large Cournot Markets
• Bilateral trading in divisible double auctions
• Efficient Use of Information and Social�Value�of�Information
• Endogenous public information and welfare in market games
• Information acquisition, price informativeness, and welfare
• Information aggregation in a financial market with general signal structure
• Information and strategic behavior
• Information and volatility
• Price inference in small markets
• Public and private learning from prices, strategic substitutability and complementarity, and equilibrium multiplicity
• Strategic supply function competition with private information
• Strategic trading in informationally complex environments
• Trading and information diffusion in over-the-counter markets

Cited in

(4)

• scientific article; zbMATH DE number 7524244 (Why is no real title available?)
• The taxation of trades in assets
• Information, market power and welfare
• Efficient trading with nonlinear utility

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