Brünner, Tobias; Levinski, Rene - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008
information of a single informed insider,however, is less well understood. We analyse this question by presenting a simplecall … auction game where both auction prices and limit prices of uninformed tradersre°ect potential insider information. The … trading volume, uninformed traders fail to incorporate the (potential)insider information in their limit prices. We also …