The negative value of public information in the Glosten-Milgrom model

DOI10.1016/J.ECONLET.2014.05.014MaRDI QIDQ485578zbMATH OpenOpenAlexFDO

Authors Romans Pancs

Publication date 12 January 2015

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2014.05.014

zbMATH Keywords

Glosten-Milgrom modelmarket microstructurenegative social value of public information

Mathematics Subject Classification ID

Economics of information (91B44)

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• Value of information in competitive economies with incomplete markets
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Cites work

• Equivalent Comparisons of Experiments

Cited in

(2)

• Can public information promote market stability?
• Suppressed Negative Information and Future Underperformance*

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