Asset pricing with asymmetric information
Financial innovation and security design
Arbitrage in segmented markets
General equilibrium theory
Networks
We analyze the impact of financial market fragmentation when traders differ in terms of market access and information about the asset payoff. Agents...
This paper studies the general equilibrium implications of arbitrage trades in segmented financial markets. Arbitrageurs choose a category of trades...
We consider a setting in which privately informed agents are located in a network and trade a risky asset with other agents with whom they are...
We study a financial market in which agents with interdependent values bid for a risky asset. Some agents are privately informed of their own value...
We study the transmission of liquidity shocks from one sector of the economy to other sectors in a general equilibrium model with multiple trading...
We study the market for a risky asset with heterogeneous valuations. Agents seek to learn about their own valuation by acquiring private information...
