Insider Trading without Normality

DOI10.2307/2297880MaRDI QIDQ4282695zbMATH OpenOpenAlexFDO

Authors Jean-Charles Rochet, Jean-Luc Vila

Publication date 14 March 1994

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2297880

zbMATH Keywords

equilibriumexistenceincentive compatibility constraintsmonopolistic rational expectations modelssignalling gamesuniqueness

Mathematics Subject Classification ID

Other game-theoretic models (91A40) Economics of information (91B44) General equilibrium theory (91B50)

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Cited in

(39)

• The impact of public information on insider trading
• What is the value of knowing uninformed trades?
• Insider trading with correlated signals
• Rational destabilization in a frictionless market
• Noisy information and the size effect in stock returns
• Snowballing private information
• An optimal transport problem with backward martingale constraints motivated by insider trading
• Insider trading with penalties
• Dynamic noisy rational expectations equilibrium with insider information: welfare and regulation
• Workup
• Revisiting advance disclosure of insider trading
• Liquidity and the marginal value of information
• The equilibrium and its asymptotic analysis of an insider trading model under the incomplete information with a risk-seeking insider trader
• Insider trading under discreteness
• Weak Kyle-Back equilibrium models for Max and ArgMax
• Insider trading with product differentiation
• scientific article; zbMATH DE number 1827979 (Why is no real title available?)
• Weak Insider Trading and Behavioral Finance
• The mixed equilibrium of insider trading in the market with rational expected price
• Viable insider markets
• Insider trading in continuous time
• The mixed equilibria of insider trading models with two insiders
• Insider trading in the Hong Kong stock market
• Moral hazard with excess returns
• Backward martingale transport and Fitzpatrick functions in pseudo-Euclidean spaces
• Dampening effect and market efficiency
• The insider's curse
• Kyle v. Kyle ('85 v. '89)
• A characterization of the distributions that imply existence of linear equilibria in the Kyle-model
• The persuasion duality
• Insider trading with penalties in continuous time
• Equilibrium with heterogeneous information flows
• Insider trading in discrete time Kyle games
• Review of the single-period Kyle model (1985): foundations, extensions, and interdisciplinary futures
• A theoretical analysis of information leakage and market efficiency under forecast announcements
• Strategic informed trading and the value of private information
• Robustness of equilibrium in the Kyle model of informed speculation
• Does competitive pricing cause market breakdown under extreme adverse selection?
• Front-running dynamics

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