Defining Markets

Xavier Vives bridges the gap between the two primary views of markets—informational efficiency and herding—and uses a coherent game-theoretic framework to bring ... Mar 24, 2025 ... ... Market Orders and Memoranda Public Records Requests Regulatory Plan Recent Company Actions Resources ... Informational Memorandum OIR-23 ... Dec 12, 2019 ... Competitive markets feature minimal informational complexity; agents only need to know prices to implement an efficient allocation. However, the ... Asymmetric information can lead to market failures. This is due to the fact that prices in markets are supposed to respond to demand and supply. When there is ... Jan 8, 2025 ... For current cattle and beef prices, for production, supply, and distribution data for US and major importing and exporting countries. May 9, 2021 ... Market informational efficiency is a key concept used in financial economics, introduced by Fama in the early 1970s. Our model highlights im- portant feedback effects of informational noise originating from supply shocks and futures market trading on commodity demand and spot ... We develop a new methodology to estimate the impact of a financial transaction tax (FTT) on financial market outcomes. In our sequential trading model, ... This modeling framework enables a view of cross-market informational flow along each point in the time-period under investigation by taking into account ... Mar 13, 2017 ... We study how well primary financial markets allocate capital when information about investment opportunities is dispersed across market ...