Should we regulate financial information?

DOI10.1016/J.JET.2015.02.005MaRDI QIDQ896977zbMATH OpenOpenAlexFDO

Authors Pablo Kurlat, Laura L. Veldkamp

Publication date 15 December 2015

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

Full work available at URL https://doi.org/10.1016/j.jet.2015.02.005

zbMATH Keywords

financial regulationinformation marketssocial value of public information

Mathematics Subject Classification ID

Economics of information (91B44) Portfolio theory (91G10)

Recommendations

• Optimal disclosure policy and undue diligence
• Financial Disclosure and Market Transparency with Costly Information Processing*
• Information design and capital formation
• Information provision in financial markets
• The possibility of informationally efficient markets

Cites work

• A Liquidity-based Model of Security Design
• Information Acquisition in a Noisy Rational Expectations Economy
• Learning from private and public observations of others' actions
• Regulating Insider Trading When Investment Matters *
• The more we know about the fundamental, the less we agree on the price
• The tradeoff between risk sharing and information production in financial markets

Cited in

(16)

• Information acquisition, price informativeness, and welfare
• Contracting to compete for flows
• Voluntary disclosure in bilateral transactions
• Information design and capital formation
• The effects of regulating benchmarks
• Selloffs, bailouts, and feedback: can asset markets inform policy?
• Informational efficiency and welfare
• The real costs of financial efficiency when some information is soft
• Regulatory certification, risk factor disclosure, and investor behavior
• Public disclosure and private information acquisition: a global game approach
• The impact of relative wealth concerns on wealth gap and welfare in a noisy rational expectations economy
• Information provision in financial markets
• Informational frictions in funding and credit markets
• Market power and price informativeness
• EDGAR on the internet: The welfare effects of wider information distribution in an experimental market for risky assets
• Information, coordination, and market frictions: an introduction

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