asymmetric information flows in the information transmission channels between the market agents, resulting in the origination of …

value of the information previously hidden from the market. The first participant of a scheme who discloses the holdings of …

information compromise inter-dealer market liquidity. Post-trade information disclosure can improve market liquidity by … counteracting dealers' incentives to become better informed through their market-making activities. Asymmetric disclosure, however …-monotonic relationship may arise between the partial release of post-trade information and market liquidity. This points to a practical …

value the market assigns to decentralized versus centralized exchanges. We find the market assigns a significant value to …

Mechanisms of market inef ... …

We consider nonparametric identification in models of differentiated products markets, using only market level … models widely used in applied work. We allow for product/market-specific unobservables, endogenous product characteristics (e …

traditional textbooks or theories wouldn't help much. This book presents a new market theory in which information plays the most … often at odds with the mainstream theory"-- …

of market capitalism, of which China's hybrid market economy is the most significant. Institutional diversity of this … defences law (and elsewhere) to help draw these boundaries is the concept of the ‘market distortion'. The concept can be a …