Rational information leakage
Empirical evidence suggests that information leakage in capital markets is common. We present a trading model to study the incentives of an informed trader (e.g., a well informed insider) to voluntarily leak information about an asset's value to one or more independent traders. Our model shows...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2014
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1604 https://ink.library.smu.edu.sg/context/soa_research/article/2631/viewcontent/SSRN_id1915649.pdf |
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| Institution: | Singapore Management University |
| Language: | English |