the industry they operate in. We find that firm level information appears to be used as a gauge for transition risk, in …

A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing … average portfolio demand information in equilibrium if they can adjust portfolio size. More information diminishes the … endowments strongly differ from the average portfolio are worse off. Under fully revealing price, information market equilibria …

How do financial markets price new information? This paper analyzes price setting at the intersection of private and … public information, by testing whether and how the reaction of financial markets to public signals depends on the relative … importance of private information in agents’ information sets at a given point in time. It studies the reaction of UK short …

. The leading example is a financial market, where the rich acquire more financial information than the poor. Contrary to …

This paper proposes a new double-question survey method that elicits information about how individuals …

in specific correlation dynamics. A strong implication emerges: during the period under research, and from a different …