search query: @author Rahi, R. / total: 3
reference: 2 / 3
Author: | Marin, J. M. Rahi, R. |
Title: | Information revelation and market incompleteness |
Journal: | Review of Economic Studies
2000 : JUL, VOL. 67:3(232), p. 455-481 |
Index terms: | Financial markets Market information Information theory Information security Risk sharing |
Language: | eng |
Abstract: | This paper introduces a theory of market incompleteness based on the information transmission role of prices and its adverse impact on the provision of insurance in financial markets. It analyses a simple security design moidel in which the number and payoff of securities are endogenous. |
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