Efstathios Avdis Oct 08,2020
Long-held intuition dictates that information-based trade is impossible without exogenous noise. Risk seekers can resolve this conundrum. Even though such... Read More
Semih Uslu Mar 27,2019
I develop a search-and-bargaining model of endogenous intermediation in over-the-counter markets. Unlike the existing work, my model allows for rich... Read More
Published: Econometrica, 2019, 87(6), 2079-2140Itay Goldstein , Liyan Yang Jul 06,2018
We study how commodity financialization affects information transmission and aggre- gation in a commodity futures market. The trading of... Read More