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Order flow and the formation of dealer bids : an analysis of information and strategic behavior in the government of Canada securities auctions

Hortaçsu, Ali; Sareen, Samita - 2004

Using data on Government of Canada securities auctions, this paper shows that in countries where direct access to primary issuance is restricted to government securities dealers, Order-flow" information is a key source of private information for these security dealers. Order-flow information is...

Persistent link: https://www.econbiz.de/10011607155

Do better informed investors always do better? : a buyback puzzle

Boyle, Glenn W.; Ward, Gerald - 2018 - Revision

Persistent link: https://www.econbiz.de/10011886695

Auctioning vs. grandfathering in cap-and-trade systems with market power and incomplete information

Alvarez González, Francisco; Jarque Andrés, Francisco - 2013

-unit, multi-bid uniform auction, modelled as a Bayesian game of incomplete information. At the auction each firm anticipates his … as their bidding strategies and it precludes the auction from generating a cost-effective allocation of permits, as it … would occur in simpler auction models. Auctioning tends to be more cost-effective than grandfathering when the firms' costs …

Persistent link: https://www.econbiz.de/10010226080

Deliberative institutions and optimality

Mathis, Jérôme; Puca, Marcello; Sepe, Simone M. - 2021

Persistent link: https://www.econbiz.de/10012800412

Repeated games played in a network

Kinateder, Markus (contributor) - 2008

Delayed perfect monitoring in an infinitely repeated discounted game is modelled by allocating the players to a connected and undirected network. Players observe their immediate neighbors’ behavior only, but communicate over time the repeated game’s history truthfully throughout the network....

Persistent link: https://www.econbiz.de/10003714871

Information sharing networks in linear quadratic games

Currarini, Sergio; Feri, Francesco - 2013

We study the bilateral exchange of information in the context of linear quadratic games. An information structure is here represented by a non directed network, whose nodes are agents and whose links represent sharing agreements. We first study the equilibrium use of information in any given...

Persistent link: https://www.econbiz.de/10009756291

On the role of information in contests

Dubey, Pradeep - 2012 - Rev.

Persistent link: https://www.econbiz.de/10009784283

Mergers under asymmetric information - is there a lemons problem?

Borek, Thomas (contributor); Bühler, Stefan (contributor); … - 2004 - [Elektronische Ressource]

We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard prediction of the lemons market model–if any, only low-type firms are traded–is likely to be misleading: Merger returns, i.e. the difference between pre- and post-merger...

Persistent link: https://www.econbiz.de/10002202342

Cheap talk with correlated signals

Chand, A. K. S.; Currarini, Sergio; Ursino, Giovanni - 2013

We consider a game of information transmission, with one informed decision maker gathering information from one or more informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the one sender case, we show that correlation...

Persistent link: https://www.econbiz.de/10010189326

Long information design

Koessler, Frédéric; Laclau, Marie; Renault, Jérôme; … - 2019

Persistent link: https://www.econbiz.de/10012244530

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