Now showing items 1-2 of 2

    • Insider Trading, Informational Effciency and Allocative Effciency 

      Agastya, Murali (Department of Economics, 2003-05)
      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 ...
    • Stochastic Stability In A Double Auction 

      Agastya, Murali (Department of Economics, 2003-05)
      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 ...