NAME
Francesco Sangiorgi
INSTITUTION
The Frankfurt School of Finance & Management
EMAIL
f.sangiorgi@fs.de
WEBSITE
www.francescosangiorgi.com
The combination of stock-based CEO compensation and limited informed trading capital creates a ''race to the bottom among firms resulting...
We study financial markets in which both rational and overconfident agents coexist and make endogenous information acquisition decisions. We demonstrate...
We study information sales in financial markets with strategic risk-averse traders. Our main result establishes that the optimal selling mechanism...