Asymmetric information as a barrier to knowledge spillovers in expert markets

Herding, Information Cascades and Volatility Spillovers in Futures Markets

Characterizing Asymmetric Information in International Equity Markets

This paper studies international portfolio ßows of US investors to examine the information structure of international equity markets. Based on a model of portfolio choice with both public and private information, we propose new empirical measures of trades due to private information. We show that these trades help explain the cross section of international equity returns, after controlling for ...

Asymmetric Information and Survival in Financial Markets

In the evolutionary setting for a …nancial market developed by Blume and Easley (1992), we consider an in…nitely repeated version of a model à la Grossman and Stiglitz (1980) with asymmetrically informed traders. Informed traders observe the realisation of a payo¤ relevant signal before making their portfolio decisions. Uninformed traders do not have direct access to this kind of information, b...

Spillovers and Governance: an Analysis of Knowledge and Reputational Spillovers in Information Technology

Investigating spillovers (potential costs and benefits to a firm that extend beyond an individual transaction), I integrate transaction cost theory and the knowledge-based view of the firm in an effort to better understand the efficient governance of knowledge. Contracts with detailed task descriptions were associated with transactions with the potential to generate new and reusable knowledge. ...

Patient Favoritism as a Barrier to Justice in Health Care: A Qualitative Study

Background and Objectives: Justice is one of the basic principles of medical ethics which indicates rightful, fair, impartial, and equitable care. The present study aimed to introduce patient favoritism, a phenomenon that undermines justice. Methods: The present qualitative study was conducted based on some data derived from another qualitative study titled “Investigating the process of achiev...