Strategic Fragmented Markets
收藏NBER2021-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28729
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资源简介：
We study the determinants of asset market fragmentation in a model with strategic investors that disagree about the value of an asset. Investors' choices determine the market structure. Fragmented markets are supported in equilibrium when disagreement between investors is low. In this case,
提供机构：
美国国家经济研究局
创建时间：
2021-05-01
