Herves-Beloso, Carlos; Meo, Claudia; Moreno Garcia, Emma - Volkswirtschaftliche Fakultät, … - 2011
In a scenario with a continuum of asymmetrically informed agents, we analyze how the initial information of a trader may be altered when she becomes a member of a coalition. In contrast to a perfect competition frame, we first show that neither arbitrarily small coalitions nor large coalitions...