In this technical appendix we extend the results in the paper “Information sales and strategic trading.” We study the problem of a monopolist selling information to a set of risk-averse traders. We first analytically reduce the seller's problem to a simple constrained optimization, allowing...

We study the classical problem of raising capital under asymmetric information. Following Myers and Majluf (1984), we consider firms endowed with assets in place and riskier growth opportunities. When asymmetric information is concentrated on assets in place (rather than growth opportunities),...

This paper studies a standard mechanism design problem where the principal's allocation rule is multi-dimensional, and the agent's private information is a one-dimensional continuous variable. Under standard assumptions, that guarantee monotonicity of the allocation rule in one-dimensional...