Information-based trade

Philip Bond; Hülya Eraslan

doi:10.1016/j.jet.2010.03.008

Information-based trade

Philip Bond^*
, Hülya Eraslan

^*Bu çalışma için yazışmadan sorumlu yazar

University of Pennsylvania
Johns Hopkins University

Araştırma sonucu: Dergiye katkı › Makale › bilirkişi

18 Atıf (Scopus)

Özet

We study the possibility of trade for purely informational reasons. We depart from previous analyses (e.g. Grossman and Stiglitz (1980) [22] and Milgrom and Stokey (1982) [32]) by allowing the final payoff of the asset being traded to depend on an action taken by its eventual owner. We characterize conditions under which equilibria with trade exist.

Orijinal dil	İngilizce
Sayfa (başlangıç-bitiş)	1675-1703
Sayfa sayısı	29
Dergi	Journal of Economic Theory
Hacim	145
Basın numarası	5
DOI'lar	https://doi.org/10.1016/j.jet.2010.03.008
Yayın durumu	Yayınlandı - Eyl 2010
Harici olarak yayınlandı	Evet

Belgeye Erişim

10.1016/j.jet.2010.03.008

Diğer Dosyalar ve Linkler

Link to publication in Scopus

Alıntı Yap

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title = "Information-based trade",

abstract = "We study the possibility of trade for purely informational reasons. We depart from previous analyses (e.g. Grossman and Stiglitz (1980) [22] and Milgrom and Stokey (1982) [32]) by allowing the final payoff of the asset being traded to depend on an action taken by its eventual owner. We characterize conditions under which equilibria with trade exist.",

keywords = "Information, No-trade theorems, Speculative trade, Trade",

author = "Philip Bond and H{\"u}lya Eraslan",

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AU - Eraslan, Hülya

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AB - We study the possibility of trade for purely informational reasons. We depart from previous analyses (e.g. Grossman and Stiglitz (1980) [22] and Milgrom and Stokey (1982) [32]) by allowing the final payoff of the asset being traded to depend on an action taken by its eventual owner. We characterize conditions under which equilibria with trade exist.

KW - Information

KW - No-trade theorems

KW - Speculative trade

KW - Trade

UR - https://www.scopus.com/pages/publications/77955922101

U2 - 10.1016/j.jet.2010.03.008

DO - 10.1016/j.jet.2010.03.008

M3 - Article

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SN - 0022-0531

VL - 145

SP - 1675

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JO - Journal of Economic Theory

JF - Journal of Economic Theory

IS - 5

ER -

Information-based trade

Özet

Belgeye Erişim

Diğer Dosyalar ve Linkler

Parmak izi

Alıntı Yap