Transmission and Production of Information in Imperfectly Competitive Financial Markets

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Abstract

This paper studies the problem of information sharing among insiders in a financial
market with traders who are not price takers, but act strategically. The different
types of associations are ranked from the viewpoint of insiders' profits. As a
byproduct, I also consider the decision problem faced by a monopolistic producer
of information who is able to control the quality of the information he sells.
Original languageEnglish
Pages (from-to)409-419
Number of pages11
JournalJournal of Economics and Business
Volume45
Issue number5
DOIs
Publication statusPublished - Dec 1993

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