We analyze price transparency in a dynamic market with private information and correlated values. Uninformed buyers …

’ private information to others. Markets populated by human agents are known to be capable of converging to rational …

Do asset prices aggregate investors’ private information about the ability of financial analysts? We show that as … financial analysts become reputable, the market can get trapped: Investors optimally choose to ignore their private information …

’ private information to others. It is known that markets populated by asymmetrically-informed profit-motivated human traders …

Extreme adverse selection arises when private information has unbounded support, and market breakdown occurs when no … the support of private information converges to an unbounded support. A necessary and sufficient condition for market …

equilibrium is characterized; the equilibrium is privately revealing and the incentives to acquire information are preserved …. Price-cost margins and bid shading are affected by the parameters of the information structure: supply functions are steeper … common value case they tend to the collusive level. Private information coupled with strategic behavior induces additional …

bounds for both covariances and correlations and show how such bounds can be tightened using information beyond the …

consider an ascending price dynamic version of the generalized VCG mechanism. When there is complete information among the …