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: LU, Hai, INDJEJIKIAN, Raffi, YANG, Liyan
格式: text
語言:English
出版: Institutional Knowledge at Singapore Management University 2014
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在線閱讀: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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