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| Tekijä: | Marin, J. M. Rahi, R. |
| Otsikko: | Information revelation and market incompleteness |
| Lehti: | Review of Economic Studies
2000 : JUL, VOL. 67:3(232), p. 455-481 |
| Asiasana: | Financial markets Market information Information theory Information security Risk sharing |
| Kieli: | eng |
| Tiivistelmä: | 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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