The Competitive Significance of Segmented Markets
نویسندگان
چکیده
منابع مشابه
Information percolation in segmented markets
We study equilibria of dynamic over-the-counter markets in which agents are distinguished by their preferences and information. Over time, agents are privately informed by bids and offers. Investors differ with respect to information quality, including initial information precision, and also in terms of market “connectivity,” the expected frequency of their bilateral trading opportunities. We c...
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ژورنال
عنوان ژورنال: California Law Review
سال: 1983
ISSN: 0008-1221
DOI: 10.2307/3480162