Desgranges, G.; Geoffard, P.-Y.; Guesnerie, R. - Département et Laboratoire d'Économie Théorique … - 2000
A simple model with asymmetric information, in which inventory holders or traders submit demand curves to an auctioneer … "amplification", whose product should be small enough. The property obtains whenever the equilibrium excess demand is steep enough, i …,e, when the search for information does not distort demand too much. Neither the influence of the number of informed agents …