Authors
Citation
J. Caballe, TRANSMISSION AND PRODUCTION OF INFORMATION IN IMPERFECTLY COMPETITIVEFINANCIAL-MARKETS, Journal of economics and business, 45(5), 1993, pp. 409-419
Citations number
14
Categorie Soggetti
Economics,"Business Finance
Journal title
ISSN journal
01486195
Volume
45
Issue
5
Year of publication
1993
Pages
409 - 419
Database
ISI
SICI code
0148-6195(1993)45:5<409:TAPOII>2.0.ZU;2-7
Abstract
This paper studies the problem of information sharing among insiders i
n a financial market with traders who are not price takers, but act st
rategically. The different types of associations are ranked from the v
iewpoint of insiders' profits. As a byproduct, I also consider the dec
ision problem faced by a monopolistic producer of information who is a
ble to control the quality of the information he sells.