Fuchs, William; Ory, Aniko; Skrzypacz, Andrzej - Cowles Foundation for Research in Economics, Yale University - 2015
We analyze price transparency in a dynamic market with private information and correlated values. Uninformed buyers compete inter- and intra-temporarily for a good sold by an informed seller suffering a liquidity shock. We contrast public versus private price offers. In a two-period case all...