The Internet revolution brought about significant changes in the availability of market information to consumers in many industries. This research examines technology-driven changes in market transparency, defined as the ability of market participants to observe information about products and prices. The objective is to develop a modeling and empirical basis for a theory of market transparency ...

Internet technology has transformed the nature of business-to-business (B2B) and business-toconsumer (B2C) transaction-making practices. One of the significant areas of impact has occurred with respect to the transparency of markets for end-consumers in many industries, including the market mechanisms, the prices, the quantities bid and offered, and the participating buyers and sellers. In the ...

This thesis will examine the issue of broker identification disclosure, in the limit order book of a stock exchange, from an international perspective, focusing on five natural experiments that have occurred in recent years. Euronext Paris, Euronext Brussels, the Tokyo Stock Exchange and the Australian Stock Exchange (ASX) have all shifted to broker identifier opacity, while the Korea Stock Exc...

The aims of this study are to examine how liquidity in the Government of Canada securities market has evolved over the 1990s and to determine what factors influence the level of liquidity in this market, with some comparisons to the U.S. Treasury securities market. We find empirical support for the hypothesis that an increase in effective supply of the securities enhances market liquidity. Empi...

This survey summarizes and analyzes theoretical, empirical and experimental research that addresses limit order book transparency in securities markets. We conclude that changes in market design that alter transparency have far reaching but complex impacts on market quality, market efficiency and price discovery. We suggest that future research into the impact of transparency choices in market ...

The paper examines the economic role of modelling information on the decision problem of an exporting firm under exchange rate risk and hedging. Information is described in terms of market transparency, i.e., a publicly observable signal conveys more information about the random foreign exchange rate. We analyze the interaction between market transparency and the ex ante expected utility of the...

In this paper we study the impact of more transparency in the interbank market on the volume of bank intermediated loans and on the profitability of the banking business. Transparency is modeled by means of the informational content of publicly observable signals correlated to the random interbank interest rate. We find that more transparency may increase or decrease the volume of bank loans. I...

Internet technology has transformed the nature of business-to-business (B2B) and business-toconsumer (B2C) transaction-making practices. One of the significant areas of impact has occurred with respect to the transparency of markets for end-consumers in many industries, including the market mechanisms, the prices, the quantities bid and offered, and the participating buyers and sellers. Market ...

I argue that a general initial case for pay transparency can be made given the role played by of information about prices in bringing markets closer to ideal competition or equilibrium price. This might then limited enhanced depending on more specific considerations status particular. Privacy seem count against transparency, but here context lacks some features present other contexts which appe...