Showing 1 - 10 of 16,772
Persistent link: https://www.econbiz.de/10003930246
We study an adverse-selection model in which the distribution of the asset is affected by unobservable actions of the seller. The seller's equilibrium behavior is characterized by a risk-seeking disposition, and a competitive market, in which the underlying distribution of the traded asset is...
Persistent link: https://www.econbiz.de/10012834862
Persistent link: https://www.econbiz.de/10014316802
Persistent link: https://www.econbiz.de/10009783360
Persistent link: https://www.econbiz.de/10012546972
Persistent link: https://www.econbiz.de/10001245823
Persistent link: https://www.econbiz.de/10000168630
Persistent link: https://www.econbiz.de/10001723133
Probabilistic forecasts are necessary for robust decisions in the face of uncertainty. The M5 Uncertainty competition …
Persistent link: https://www.econbiz.de/10014084996
and Hagerty, 1989). Higher competition for investors increases the incentive to disclose, but the resulting excessive …
Persistent link: https://www.econbiz.de/10012890122