Information and Competition with Symmetry

Pete Kyle,Pete Kyle, Mina Lee   Dec 31,2016

This paper investigates the strategic foundations for rational expectations equilibrium. In the model, risk-averse traders with two signals—private information and... Read More

Selling to Advised Buyers

Andrey Malenko , Anton Tsoy   Dec 14,2016

In many cases, buyers are not fully informed about their valuations and rely on the advice of biased experts. For... Read More