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• W2116733014 abstract "We study the possibility of trade for purely informational reasons. We depart from previous analyses (e.g. Grossman and Stiglitz (1980) [22] and Milgrom and Stokey (1982) [32]) by allowing the final payoff of the asset being traded to depend on an action taken by its eventual owner. We characterize conditions under which equilibria with trade exist." @default.
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• W2116733014 date "2010-09-01" @default.
• W2116733014 modified "2023-09-30" @default.
• W2116733014 title "Information-based trade" @default.
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• W2116733014 doi "https://doi.org/10.1016/j.jet.2010.03.008" @default.
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