Liquid bundles

DOI10.1016/J.JET.2014.09.002zbMath1330.91180OpenAlexW4245150961MaRDI QIDQ896970

Emmanuel Farhi, Jean Tirole

Publication date: 15 December 2015

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

Full work available at URL: http://publications.ut-capitole.fr/16519/1/liquid_bundles160414.pdf

zbMATH Keywords

information acquisitionliquiditytranchingsecurity design

Mathematics Subject Classification ID

Derivative securities (option pricing, hedging, etc.) (91G20) Economics of information (91B44)

Related Items (6)

Security design without verifiable retention ⋮ Information, coordination, and market frictions: an introduction ⋮ Security design with interim public information ⋮ Asset bundling and information acquisition of investors with different expertise ⋮ Undefeated equilibria of the Shi-Trejos-Wright model under adverse selection ⋮ A model of secular migration from centralized to decentralized trade

Cites Work

• Bargaining with endogenous information
• A more general theory of commodity bundling
• Competitive Non-linear Pricing and Bundling
• Learning by Holding and Liquidity
• Information, Liquidity, Asset Prices, and Monetary Policy
• A Liquidity-based Model of Security Design
• A Walrasian Theory of Money and Barter
• Strategic Liquidity Supply and Security Design

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