BUS MARKET STRUCTURE WITH STRATEGIC COMPLEMENTARITY
نویسندگان
چکیده
منابع مشابه
Strategic complementarity of information acquisition in a financial market with discrete demand shocks
A simple model of financial market with rational learning and without friction is presented in which the value of private information increases with the mass of informed individuals, contrary to the property presented by Grossman and Stiglitz (1980). The key assumption is the possibility of independent discrete shocks on the fundamental value and on an exogenous demand.
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ژورنال
عنوان ژورنال: Doboku Gakkai Ronbunshu
سال: 2004
ISSN: 0289-7806,1882-7187
DOI: 10.2208/jscej.2004.765_115