In this paper, we study a version of the static Jain-Mirman (2002) model in which competition in the real sector is introduced. In this paper, we add competition in the stock sector to the Jain-Mirman (2002) paper. We show that the linear equilibrium structure is affected by this competition in...

De Meyer and Moussa Saley explains endogenously the appearance of Brownian Motion in finance by modelling the strategic interaction between two asymmetrically informed market makers with a zero-sum repeated game with One-sided information. In this paper, we generalize this model to a setting of...

In this paper we examine the real and financial effects of two insiders trading in a static Jain-Mirman model (Henceforth JM). The first insider is the manager of the firm. The second insider is the owner. First, we study the change of the linear-equilibrium variables, in the presence of two...