Sales below Cost Prohibitions: Private Price Fixing under State Law

THE LAW GOVERNING SALES OF GooDs AT COMMON LAW AND UNDER THE UNIFORM SALES ACT

The Volume - Return Relationship under Asymmetry of Information and Short Sales Prohibitions

In the presence of asymmetric information, stock trading is particularly affected when market participants are prohibited from short selling. Although insiders privy to negative information may not exploit this information by selling if they do not own the stock, the market maker can deduce the occurrence of bad news by observing the trading patterns. Prices are shown to rise on high volume aft...

Money and price posting under private information

Bank of Canada working papers are theoretical or empirical works-in-progress on subjects in economics and finance. The views expressed in this paper are those of the authors. No responsibility for them should be attributed to the Bank of Canada. Abstract We study price posting with undirected search in a search-theoretic monetary model with divisible money and divisible goods. Ex ante homogeneo...

Pricing Below Cost under Exchange-Rate Risk

The Protection of the Consumer Under Modern Sales Law