Narrow search
Showing 1 - 2 of 2
Cover Image
Distressed sales and liquidity in OTC markets
Selcuk, Cemil - Volkswirtschaftliche Fakultät, … - 2012
We present a stylized model of the over-the-counter (OTC) markets in the tradition of Duffie, Gârleanu, and Pedersen 2005 with three distinctive features: (i) Buyers' willingness to pay is private information. (ii) Dividends depend on the state of the macro economy. (iii) Sellers become...
Persistent link: https://www.econbiz.de/10011109583
Cover Image
Motivated Sellers & Predatory Buyers
Selcuk, Cemil - Volkswirtschaftliche Fakultät, … - 2012
distressed. From sellers' point of view liquidity disappears when it is needed the most. The model naturally suggests several … proxies of liquidity. Interestingly, the expected time on the market, one of the most frequently used statistics in the …
Persistent link: https://www.econbiz.de/10009647382