Information, market power and welfare

DOI10.1016/J.JET.2023.105756MaRDI QIDQ6139975zbMATH OpenOpenAlexFDO

Authors

Publication date 19 January 2024

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

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1016/j.jet.2023.105756

zbMATH Keywords

liquiditydouble auctionprice informativenessESG investingpassive investingheterogeneous values

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Financial markets (91G15)

Recommendations

• Information acquisition, price informativeness, and welfare
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• Informational efficiency and welfare
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Cites work

• Competitive rational expectations equilibria without apology
• Efficiency in trading markets with multi-dimensional signals
• Information acquisition with heterogeneous valuations
• Information acquisition, price informativeness, and welfare
• Information and strategic behavior
• Informed Speculation with Imperfect Competition
• Market power and welfare in asymmetric divisible good auctions
• On the aggregation of information in competitive markets
• Price inference in small markets
• Rational Expectations, Information Acquisition, and Competitive Bidding
• Smooth trading with overconfidence and market power
• Strategic Trading and Welfare in a Dynamic Market
• Strategic supply function competition with private information
• Toward a Strategic Foundation for Rational Expectations Equilibrium
• Trading and information diffusion in over-the-counter markets
• What is the optimal trading frequency in financial markets?

Cited in

(3)

• Which investors matter for equity valuations and expected returns?
• Searching for ESG information: heterogeneous preferences and information acquisition
• Information spillover in markets with heterogeneous traders

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