Grégoire, Philippe; Huang, Hui - In: Economic Modelling 29 (2012) 5, pp. 2005-2010
We present a trading game with one insider, many outsiders, liquidity traders and a competitive market maker trading an asset with two value components, a private and a shared one, in a market operating as in Kyle (1985). The insider knows both value components and outsiders only know the shared...