Decentralized Trading With Private Information

DOI10.3982/ECTA8911zbMath1419.91480OpenAlexW2140067407MaRDI QIDQ4615868

Mikhail Golosov, Aleh Tsyvinski, Guido Lorenzoni

Publication date: 29 January 2019

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/ecta8911

zbMATH Keywords

information revelationover-the-counter marketsbilateral trading

Mathematics Subject Classification ID

Trade models (91B60) Economics of information (91B44)

Related Items (16)

Heterogeneous beliefs and trading inefficiencies ⋮ Optimally sticky prices: foundations ⋮ Market-making with search and information frictions ⋮ Information percolation in segmented markets ⋮ Information, coordination, and market frictions: an introduction ⋮ Private information and sunspots in sequential asset markets ⋮ Reprint of: ``Information percolation in segmented markets ⋮ Liquidity misallocation in an over-the-counter market ⋮ Counterparty risk externality: centralized versus over-the-counter markets ⋮ Liquidity and private information in asset markets: to signal or not to signal ⋮ Price manipulation, dynamic informed trading, and the uniqueness of equilibrium in sequential trading ⋮ Aggregation and design of information in asset markets with adverse selection ⋮ Imperfect information transmission and adverse selection in asset markets ⋮ Undefeated equilibria of the Shi-Trejos-Wright model under adverse selection ⋮ An optimistic search equilibrium ⋮ Updating awareness and information aggregation

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