Administrative contact: Rachel Perry, r.l.perry@lse.ac.uk
Asset pricing with asymmetric information
Financial innovation and security design
Arbitrage in segmented markets
General equilibrium theory
Networks
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...
Journal of Economic Theory, Volume 177, Pages 558-593.
We consider the market for a risky asset with heterogeneous valuations. Private information that agents have about their own valuation is reflected in...
Mathematics and Financial Economics, Volume 8, pages 249–264.
International Economic Review, 55(1), 57-81.
We study an economy with segmented financial markets and strategic arbitrageurs who link these markets. We show that the equilibrium of the arbitraged...
Financial market liquidity has become increasingly fragmented across multiple trading platforms. We propose an intuitive welfare-based market quality...
