This paper considers a stylized market with heterogeneously informed traders which is a generalisation of the market described in Schredelseker (1999). The aim is to suggest some unusual points of view of more realistic markets that can lead to some interesting comments about the effects of variations of some parameters of the model, in particular the volatility of security's value and the level of transaction costs, on the expected gains of traders and of intermediation system.

A model for analyzing the effects of informational asymmetries of the traders

VANNUCCI, EMANUELE
2009

Abstract

This paper considers a stylized market with heterogeneously informed traders which is a generalisation of the market described in Schredelseker (1999). The aim is to suggest some unusual points of view of more realistic markets that can lead to some interesting comments about the effects of variations of some parameters of the model, in particular the volatility of security's value and the level of transaction costs, on the expected gains of traders and of intermediation system.
Vannucci, Emanuele
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11568/127616
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact