functioning and efficiency of financial markets. In this paper, we develop a general equilibrium theory to study the … distributional effects of asset ownership for price informativeness when investors (oligopolists) have price impact and can learn … about individual assets' payoffs. We find that price informativeness is non-monotonic in the oligopolists' aggregate size …

second- and third-degree price discrimination, and in the probability of their concerts selling out. Most strikingly, artists …

-time position adjustments suggests this quarterly pattern might reduce price informativeness. Consistent with this possibility, we … find that quarter-ends are associated with greater subsequent return reversals and lower price efficiency. Additional tests … support a link between disclosure-driven trades and lower price efficiency …

In this study we analyze the determinants of airline price dispersion. We particularly concentrate on the conduct and … marginal cost efficiency. The effect of conduct on price dispersion seems to depend on the characteristics of the market. For … margial cost efficiency has a negative effect on price dispersion …