Essays On Market Microstructure With Uncertain Information Precision Optimal Information Sales And Overconfidence PDF Download
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Author | : Simon Gervais |
Publisher | : |
Total Pages | : 324 |
Release | : 1997 |
Genre | : |
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Author | : Jeffrey Black |
Publisher | : |
Total Pages | : 248 |
Release | : 2017 |
Genre | : Banks and banking |
ISBN | : |
Download Essays in Market Microstructure and Information Networks Book in PDF, ePub and Kindle
Author | : Christian Voigt |
Publisher | : GRIN Verlag |
Total Pages | : 166 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : 3640161289 |
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Doctoral Thesis / Dissertation from the year 2008 in the subject Business economics - Economic Policy, grade: summa cum laude, European Business School - International University Schlo Reichartshausen Oestrich-Winkel, 205 entries in the bibliography, language: English, abstract: The aim of this thesis is to contribute to the existing empirical literature by investigating the strategic behavior of informed and uninformed traders under the light of recent developments. We observe their actual current behavior at financial markets and try to assess whether existing theoretical arguments and assumptions are still valid in the world today, or the newly available rich data samples provide new answers to old questions that researchers have not been able to answer before.
Author | : Qin Wang |
Publisher | : |
Total Pages | : 99 |
Release | : 2000 |
Genre | : |
ISBN | : 9781109127584 |
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Author | : Shmuel Baruch |
Publisher | : |
Total Pages | : 68 |
Release | : 1998 |
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Author | : Masahiro Yamada |
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Total Pages | : |
Release | : 2012 |
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Author | : Victoria Saporta |
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Total Pages | : |
Release | : 1997 |
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Author | : Yaarit Even |
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Total Pages | : |
Release | : 2021 |
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I also characterize the relation between price impact, strategic interaction, and information asymmetry. While price impact decreases as the level of information asymmetry decreases, the relation between price impact and strategic interaction is more subtle, and it depends on whether agents submit upward- or downward-sloping demand schedules. When agents submit downward-sloping demand curves, price impact decreases as the extent of strategic substitutability increases, and increases as the extent of strategic complementarity increases. Furthermore, strong interaction may mitigate or exacerbate the effect of information asymmetry on agents' price impact, depending on the slope of the inverse supply curve. The results in this chapter thus emphasize the importance of accounting for strategic interactions between market participants, when assessing their price impact in markets with asymmetric information.
Author | : |
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Total Pages | : 410 |
Release | : 2006 |
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Author | : Sugato Chakravarty |
Publisher | : |
Total Pages | : 324 |
Release | : 1993 |
Genre | : |
ISBN | : |
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