Viable allocations of information in financial markets

DOI10.1016/0022-0531(87)90116-5zbMATH Open0624.90007OpenAlexW1968791788MaRDI QIDQ579102FDOQ579102

Authors: Anat R. Admati, Paul Pfleiderer 

Publication date: 1987

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

Full work available at URL: https://doi.org/10.1016/0022-0531(87)90116-5

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zbMATH Keywords

financial marketsignalsendogenous information acquisition

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

Cites Work

• Title not available (Why is that?)
• On the aggregation of information in competitive markets
• Title not available (Why is that?)
• Informed Speculation with Imperfect Competition
• Information Acquisition in a Noisy Rational Expectations Economy
• The value of information in a sealed-bid auction
• The law of large numbers with a continuum of i.i.d. random variables
• A Noisy Rational Expectations Equilibrium for Multi-Asset Securities Markets
• Title not available (Why is that?)
• Further results on the informational efficiency of competitive stock markets
• Title not available (Why is that?)
• A monopolistic market for information

Cited In (20)

• The speed of information revelation in a financial market mechanism
• Information Acquisition in Financial Markets
• INFORMATION DYNAMICS IN FINANCIAL MARKETS
• The tradeoff between risk sharing and information production in financial markets
• Modelling Information Flows in Financial Markets
• A monopolistic market for information
• The value of recommendations
• The time cost of information in financial markets
• Does Information Acquisition Alleviate Market Anomalies? Categorization Bias in Stock Splits*
• On the revelation of private information in stock market economies
• A statistical test of market efficiency based on information theory
• Information linkages in a financial market with imperfect competition
• Overconfidence and market efficiency with heterogeneous agents
• Informational asymmetries and a multiplier effect on price correlation and trading
• Call market book information and efficiency
• A labor-market approach to understanding information sharing among banks: discussions on: ``A tale of two markets: labor market mobility and bank information sharing
• Market equilibria with endogenous, hierarchical information
• Diversification in parametric rational expectations economies
• Strategic complementarity of information in financial markets with large shocks
• On “Acquisition of Information in Financial Markets”

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