This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health …

We conduct a field experiment to see if market liquidity has a causal effect on price efficiency and, if so, why. We … outside our intervention benefit from greater price efficiency. Further results suggest that the improvements in price … efficiency are predominantly due to the price-cues embedded in our quotes, which serve to constrain price inefficiencies, rather …

Information disclosure is an essential component of regulation in financial markets. In this article, we provide a …, information production, efficiency of real investment decisions, and traders' welfare. We use our framework to cover four main … information. Second, we illustrate that disclosure can crowd out the production of private information, and that its overall …

We survey, very briefly, some conceptual and empirical issues that bedevil the identification of a fundamental price … for gold and consequently the identification of a real gold price …

price volatility is a decreasing function of inventory for the majority of commodities in our sample. This effect is more … commodity price boom …

's inefficiencies-the price paid for funding its unspent surpluses and the overpayments made to purchase its spending policy. We show …

error correction model over two overlapping periods: 2010-2017 and 2010-2019. Price discovery is achieved through the … index, gold price, a Google search variable associated to Bitcoin, and a fear index proxied by the FED Financial Stress … efficient Bitcoin price. The S&P 500 index and Google searches have a positive effect whereas gold prices and the fear index …