Frino, Alex; Mollica, Vito; Romano, Maria Grazia - In: STUDI ECONOMICI 2013/111 (2013) 111, pp. 25-49
The article examines the impact of transaction costs on the trading strategy of informed institutional investors in a sequential trading market where traders can choose to transact a large or a small amount of stock. The analysis shows how the trading strategy of informed investors and the price...