Various laws and policy proposals call for regulators to make use of the information reflected in market prices. We focus on a leading example of such a proposal, namely that bank supervision should make use of the market prices of traded bank securities. We study the theoretical underpinnings...

We study trade between an informed seller and an uninformed buyer who have existing inventories of assets similar to those being traded. We show that these inventories may induce the buyer to increase the price (a "run-up") but may also make trade impossible (a "freeze") and hamper information...

Governments often regulate marketing activities to ensure marketers do not misinform consumers and obtain ‘unfair' advantages. Yet, ample research finds such regulations may be ineffective since marketers are able to circumvent them. We examine if umbrella branding, a marketing strategy of...