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Can there be a market for cheap-talk information? : an experimental investigation

Cabrales, Antonio; Feri, Francesco; Gottardi, Piero; … - 2018

This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given the previous experimental results on cheap-talk games....

Persistent link: https://www.econbiz.de/10011822038

Information content of stocks in call auction of shorter duration in emerging market

Bag, Dinabandhu - In: Copernican Journal of Finance & Accounting : CJF&A 8 (2019) 4, pp. 113-132

Persistent link: https://www.econbiz.de/10012242098

The information advantage of underwriters in IPOs

Chiang, Yao-Min; Lowry, Michelle; Qian, Yiming - In: Management science : journal of the Institute for … 65 (2019) 12, pp. 5721-5740

Persistent link: https://www.econbiz.de/10012146895

A sealed-bid auction that matches the English auction

Perry, Motty; Wolfstetter, Elmar; Zamir, Shemuʾel - 2000

This paper analyzes a two-stage sealed-bid auction that is frequently employed in privatization, takeover, and merger … and aquisition contests. This auction format yields the same expected revenue as the open ascending (English) auction, yet …