منابع مشابه
Economies with Asymmetric Information and Individual Risk ∗
In economies with asymmetric information agents have private information on economically relevant variables: on individual states (economies with private information), on the action taken (moral hazard), on their type (adverse selection). We analyze competitive equilibria of these economies in the tradition of Prescott and Townsend ([9]). It is known that economies with adverse selection behave...
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Programmed cell death or apoptosis plays a fundamental role during animal development and metamorphosis, and in tissue homeostasis in the adult. This process comprises two distinct and sequential steps: the death of cells and their subsequent removal by phagocytosis. Removing excess cells before lysis allows cell numbers to be regulated without the release of potentially toxic intracellular con...
متن کاملAsymmetric Information, Perceived Risk and Trading Patterns: The Options Market
Asymmetric information models are tested using options implied volatility and volume of trade in eight international markets. We explore the relations between the trading break time duration, the quality of public information, the discretion of options liquidity traders to postpone their trades, and the interday and intraday implied volatility and volume of trade in options. Although asymmetric...
متن کاملCredit risk and asymmetric information: A simplified approach
We present a simple model for risky, corporate debt. Debtholders and equityholders have incomplete information about the financial state of the debt issuing company. Information is incomplete because it is delayed for all agents, and it is asymmetrically distributed between debtholders and equityholders. We solve for the equityholders' optimal default policy and for the credit spreads required ...
متن کاملMulti-Period Bargaining: Asymmetric Information and Risk Aversion
A two period bargaining model with asymmetric information is considered. An uninformed seller charges a uniform price to two buyers. A risk averse seller offers a larger price cut in period two when one buyer remains in the market than when two buyers remain. The price in period one is sensitive to the number of buyers and the seller’s degree of risk aversion. The initial price charged to a sin...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2403879