• Insider Trading, Informational Effciency and Allocative Effciency 

      Agastya, Murali
      Published 2003-05-01
      A dominant, net buyer of a certain asset receives a private signal that is correlated with its mean value. We call this insider a Boesky Insider when the quality of the received signal is such that the future value of the ...
      Open Access
      Working Paper
    • Stochastic Stability In A Double Auction 

      Agastya, Murali
      Published 2003-05-01
      In a k-double auction, a buyer and a seller must simultaneously announce a bid and an ask price respectively. Exchange of the indivisible good takes place if and only if the bid is at least as high as the ask, the trading ...
      Open Access
      Working Paper