Optimal Transparency in a Dealership Market with an Application to Foreign Exchange
收藏NBER1993-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4467
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资源简介：
This paper addresses the issue of optimal transparency in a multiple-dealer market. In particular, we examine the question: Would risk-averse dealers prefer ex-ante that signed order flow were observable? We answer this question with the solution to a mechanism design problem. The resulting
提供机构：
美国国家经济研究局
创建时间：
1993-09-01
