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We study an extension of Jain and Mirman (1999) with two insiders under three different market structures: (i) Cournot competition among the insiders, (ii) Stackelberg game between the insiders and (iii) monopoly in the real market and Stackelberg in the financial market. We show how the...
Persistent link: https://www.econbiz.de/10009359832
This paper investigates the real and financial effects of insider trading in the spirit of Jain and Mirman (2000). Unlike the existing literature, the production of one real good is costly and depends mainly on the price of an intermediate good produced locally by a privately owned firm. The...
Persistent link: https://www.econbiz.de/10010868875
In this paper, we study the real and financial effects of insider trading in the spirit of Jain and Mirman (1999). Unlike the previous works that address this issue, we suppose that the production of the real good is costly and depends mainly of the price of an intermediate good produced locally...
Persistent link: https://www.econbiz.de/10009645273
In this paper, we analyze the effect of Cournot competition with differentiated products on the real and financial decisions of a publicly-owned firm, with three different structures in the financial market : monopoly, duopoly and Stackelberg. We shows that the degree of product differentiation...
Persistent link: https://www.econbiz.de/10009651935
In this paper, we analyze the effect of Cournot competition with differentiated products on the real and financial decisions of a publicly-owned firm, with three different structures in the financial market : monopoly, duopoly and Stackelberg. We shows that the degree of product differentiation...
Persistent link: https://www.econbiz.de/10010635062
In this paper, we study the real and financial effects of insider trading in the spirit of Jain and Mirman (1999). Unlike the previous works that address this issue, we suppose that the production of the real good is costly and depends mainly of the price of an intermediate good produced locally...
Persistent link: https://www.econbiz.de/10010635105
We study an extension of Jain and Mirman (1999) with two insiders under three different market structures : (i) Cournot competition among the insiders, (ii) Stackelberg game between the insiders and (iii) monopoly in the real market and Stackelberg in the financial market. We show how the...
Persistent link: https://www.econbiz.de/10010635234
The recent theoretical research on the informational effect of insider trading in the spirit of Kyle (1985) and Jain and Mirman (1999) was mainly interested in the interaction between the financial and real decisions of the insider, taking into consideration different market structures in both...
Persistent link: https://www.econbiz.de/10010943019
This paper investigates the effect of product differentiation on the real and financial decisions of a publicly-owned firm, competing <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$\grave{a}$$</EquationSource> </InlineEquation> la Cournot with another privately-owned firm. The results show that the degree of product differentiation affects the stock price coefficients...</equationsource></inlineequation>
Persistent link: https://www.econbiz.de/10010987614
Persistent link: https://www.econbiz.de/10009690219