Public information and uninformed trading: implications for market liquidity and price efficiency

DOI10.1016/j.jet.2016.02.012zbMath1369.91121OpenAlexW2323630568MaRDI QIDQ281383

Liyan Yang, Ya Tang, Bing Han

Publication date: 11 May 2016

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

Full work available at URL: https://doi.org/10.1016/j.jet.2016.02.012

zbMATH Keywords

hedginginformation productionmarket liquidityinformation aggregationdiscretionary liquidity trading

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economics of information (91B44)

Related Items (4)

Searching for ESG information: heterogeneous preferences and information acquisition ⋮ Public disclosure and private information acquisition: a global game approach ⋮ Coordinated bubbles and crashes ⋮ Robust pricing under strategic trading

Cites Work

• On the aggregation of information in competitive markets
• Information, trade and common knowledge
• Competitive rational expectations equilibria without apology
• Continuous Auctions and Insider Trading
• Information Acquisition in a Noisy Rational Expectations Economy
• The More We Know about the Fundamental, the Less We Agree on the Price
• Information Acquisition and Welfare
• [https://portal.mardi4nfdi.de/wiki/Publication:5441272 Efficient Use of Information and Social�Value�of�Information]

This page was built for publication: Public information and uninformed trading: implications for market liquidity and price efficiency