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Market demand of smart but uninformed consumers rotates counterclockwise with better information : surprising welfare effects

Graça, Tarcisio Barroso da; Masson, Robert T. - In: Applied economics letters 23 (2016) 1/3, pp. 11-14

Persistent link: https://www.econbiz.de/10011414186

Aggregation of diverse information with double auction trading among minimally-intelligent algorithmic agents

Jamal, Karim; Maier, Michael S.; Sunder, Shyam - 2019

Persistent link: https://www.econbiz.de/10012053169

Herd behavior and rational expectations : a test of China's market using quantile regression

Chen, Yi-Chang; Wu, Hung-Che; Huang, Jen-Jsung - In: International journal of economics and financial issues … 7 (2017) 2, pp. 649-663

Persistent link: https://www.econbiz.de/10011789396

Does fundamental value run asset price formation process? : evidence from option price information content

Aloulou, Abderrahmen; Ellouze, Siwar - In: The journal of asset management 18 (2017) 4, pp. 255-268

Persistent link: https://www.econbiz.de/10011741587

Asymmetric Information, Disagreement, and the Valuation of Debt and Equity

Banerjee, Snehal; Breon-Drish, Bradyn M.; Smith, Kevin - 2022

We study the prices of a firm's debt and equity in a market where investors have private information and may exhibit differences of opinion. We show how debt and equity valuations, and the impact of public information and distress risk on these valuations, depend upon disagreement and the...

Persistent link: https://www.econbiz.de/10014238266