haku: @author Seppi, D. J. / yhteensä: 2
viite: 2 / 2
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Tekijä: | Seppi, D. J. |
Otsikko: | Equilibrium block trading and asymmetric information |
Lehti: | Journal of Finance
1990 : MAR, VOL. 45:1, p. 73-94 |
Asiasana: | FINANCIAL INSTITUTIONS EQUILIBRIUM ANALYSIS MARKET RESEARCH BUSINESS INFORMATION |
Kieli: | eng |
Tiivistelmä: | The existence of equilibria with information based block trading in a multiperiod market is investigated. Attention is restricted to equilibria in which a strategic uninformed institution (i.e., one which is forced to rebalance its portfolio but is free to choose an optimal rebalancing strategy) is willing to trade a block rather than "break up" the block into a series of smaller trades. Examples of such equilibria are found and analyzed. |
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