a non informed agent hedging an option in this influenced and informed market. Her lack of information makes the market … Filtering Theory are the expressions and a comparison between the strategy of the non informed trader, and the strategy of the … of the lack of information that makes the incompleteness of the market. The financial interpretation is explained …

agent is supposed to possess an additional information, and is also supposed to influence the market prices. The problem is …

' private information or beliefs. This result suggests that existence problems of standard sequential equilibrium models …

information embedded in a dataset. At last, we give some elements for a more general theory of the informational repeat … volatility of the index and the reversibility phenomenon. We study the formal link between the repeat-sales index and the price …

We study how asymmetric information affects market volatility in a linear setup where the outcome is determined by …

volatility. It identifies a new channel - the "asymmetric information" channel - through which aid volatility is costly for … information increases aid efficiency, that (ii) the negative impact of aid volatility on aid efficiency vanishes once one controls … features reinforce asymmetric information between the citizens and the recipient government about the amount of aid flows …

Existing literature continues to be unable to offer a convincing explanation for the volatility of the stochastic …

Open market share repurchases are strictly regulated to prevent companies from profiting from insider information. We … information on repurchases actually undertaken. Using a database containing 36,848 repurchases made by 352 French firms over the …

trading, concerning the effect of the financial market structure on firms' outputs, the revelation of information and the … insiders' orders. Besides, firms' output, the amount of information revealed in the stock price, the insiders' trading orders …

structure does not alter the amount of information disseminated in the stock price or the level of insider trading. Next, we add … and increases the amount of information revealed in the stock price. …