to peer prices varies with industry competition and whether the prices reflect firm-specific or industry information …

research. Relying on theories about competition between informed investors as well as the pricing of information asymmetry, we … hypothesize a cross-sectional variation in the pricing of information asymmetry that is conditional on competition. We develop and … validate empirical proxies for competition using the number and concentration of institutional investor ownership. Using these …

research. Relying on theories about competition between informed investors as well as the pricing of information asymmetry, we … hypothesize a cross-sectional variation in the pricing of information asymmetry that is conditional on competition. We develop and … validate empirical proxies for competition using the number and concentration of institutional investor ownership. Using these …

We study empirically how competition among high-frequency traders (HFTs) affects their trading behavior and market …-frequency competition, and contains an exogenous event - a tick size reform - which we use to disentangle the effects of the rising share of … high-frequency trading in the market from the effects of high-frequency competition. We find that when HFTs compete, their …

I study empirically how competition among high-frequency traders (HFTs) affects their trading behavior and market …-frequency competition, and contains an exogenous event - a tick size reform - which I use to separate the effects of high-frequency trading … competition from the effects of the rising share of high-frequency trading in the market. I find that when HFTs compete, their …

amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are …. When lenders are rational and face potential competition, they are able to use the bidding process as a means of generating …

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to … ; competition …