thepresence of informed traders during the lead up to a significant information event.This research is important given the … large information asymmetry. The studypresents three pieces of evidence that informed traders are better camouflaged when …

dynamics of the price formation, information unravelling and evaluate the accuracy of the estimated models. …

volatility modelling. The chapters on market microstructure deal with liquidity, asymmetries of information, and limit order …: the study of the impact of information arrival on exchange rate volatility and the uncovering of chartist patterns in the …

Mechanisms used to allocate licenses to newcomers differ in various respects, and one of them being the information … revealed by the regulator. The author analyzes the impact of information revelation on the market structure, the market outcome …

, especially in contract theory. After thoroughly summarizing the potential information asymmetries and negative incentives between … dem IWF in diesen Szenarien zur Verfügung stehen, orientieren sich dabei an den in der Theorie zur Finanzintermediation …

into volatility persistence in stock returns. In part two, I show that the introduction of continuous trading on the WSE is … volatility on days after limit hits and positive autocorrelation in stock returns. I do not find significant advantages of this …

volatility on foreign exchange markets. Starting point is the market participant's microeconomic investment decision, which is … trading volume and volatility on foreign exchange markets. We apply various two-country-models with representative market …

"We develop an evolutionary game theory model for a limited access common pool resource. With full disclosure of … formation. As opposed to previous findings in the CPR literature we observe that full information disclosure significantly … changes individual behaviour and aggregate use of the common property. Groups that had complete information about other …

. Most prominent difference is the excessive volatility of government consumption and transfer payments and their positive … correlation relative to output. This seemingly non-optimal behavior is puzzling since it is in contrast with standard theory … prescriptions and likely to contribute to aggregate volatility. To study the possible roots of this I build a model by incorporating …