Asset pricing with asymmetric information
Financial innovation and security design
Arbitrage in segmented markets
General equilibrium theory
Networks
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...
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...
