Aller au contenu principal
A propos d'HEC A propos d'HEC Faculté et Recherche Faculté et Recherche Grande Ecole
& Masters Grande Ecole
& Masters
MBA Programs MBA Programs Programme PhD Programme PhD Executive Education Executive Education Summer School Summer School HEC Online HEC Online
A propos d'HEC En bref En bref Qui sommes-nous ? Qui sommes-nous ? Egalité des chances Egalité des chances Centre Carrières Centre Carrières International International Vie du campus Vie du campus Stories Stories Fondation HEC Fondation HEC Faculté et Recherche À propos À propos Corps professoral Corps professoral Départements Départements Centres Centres Chaires Chaires Knowledge Knowledge Grande Ecole
& Masters
Programme
Grande Ecole Programme
Grande Ecole
MSc International
Finance MSc International
Finance
MS et MSc MS et MSc Programmes
X-HEC Programmes
X-HEC
Doubles Diplômes
en Admission directe Doubles Diplômes
en Admission directe
Visiting students Visiting students Certificats Certificats Vie
Etudiante Vie
Etudiante
MBA Programs MBA MBA Executive MBA Executive MBA TRIUM EMBA TRIUM EMBA Programme PhD Overview Overview HEC Difference HEC Difference Program details Program details Research areas Research areas HEC Community HEC Community Placement Placement Job Market Job Market Admissions Admissions Financing Financing Executive Education Executive Mastères Executive Mastères Certificats Executive Certificats Executive Programmes courts Executive Programmes courts Executive Online Online Formez vos équipes Formez vos équipes Executive MBA Executive MBA Summer School Youth Leadership Initiative Youth Leadership Initiative Summer programs Summer programs Admissions Admissions FAQ FAQ HEC Online En bref En bref Programme diplômant Programme diplômant Certificats Executive Certificats Executive MOOCs MOOCs
Faculté et Recherche

Who Acquires Information in Dealer Markets?

06 fév -
2020 -
11H00
Jouy-en-Josas
Anglais

Participer

Ajouter au calendrier
2020-02-06T11:00:00 2020-02-22T14:44:31 Who Acquires Information in Dealer Markets? DEPARTEMENT ECONOMIE ET SCIENCES DE LA DECISION Intervenant : Adrien VIGIER (Norwegian Business School) HEC Campus- Bâtiment T - Salle T041   Jouy-en-Josas

DEPARTEMENT ECONOMIE ET SCIENCES DE LA DECISION

Intervenant : Adrien VIGIER (Norwegian Business School)

HEC Campus- Bâtiment T - Salle T041

 

We study information acquisition in dealer markets. We first identify a one-sided strategic complementarity in information acquisition: the more informed traders are, the larger market makers' gain from becoming informed. When quotes are observable, this effect in turn induces a strategic complementarity in information acquisition amongst market makers. We then derive the equilibrium pattern of information acquisition and examine the implications of our analysis for market liquidity and price discovery. We show that increasing the cost of information can decrease market liquidity and improve price discovery.

Participer

Ajouter au calendrier
2020-02-06T11:00:00 2020-02-22T14:44:31 Who Acquires Information in Dealer Markets? DEPARTEMENT ECONOMIE ET SCIENCES DE LA DECISION Intervenant : Adrien VIGIER (Norwegian Business School) HEC Campus- Bâtiment T - Salle T041   Jouy-en-Josas