We study the design of market information in competing-mechanism games. We identify a new dimension, private …

information to the external traders during the trading process. The research findings are as follows: (1) strengthening market … disclose low-precision information to maximize their profits; (4) the precision of information disclosed by the insider trader … and the intensity of market supervision affect price efficiency and the amount of residual information. The research …

How do financial markets acquire information about upcoming monetary policy decisions, beyond their reaction to central … bank signals? This paper hypothesises that sharing information among investors can improve expectations, especially in the …

We study the value of and the demand for instrumentally-valuable information in a simple decision environment where … signals are transparently polarized. We find that in both information aggregation and acquisition, subjects use sophisticated … information rarely end up buying polarized signals and instead overwhelmingly opt for diverse information. The demand for diverse …

We examine a setting of independent private value auctions where bidders can covertly acquire gradual information about … their valuations. We demonstrate that a dynamic pivot mechanism implements the rst-best information acquisition and … allocation rule. We apply our results to a commonly used model of auctions with information acquisition. The bidders are …