Informed manipulation
Article Abstract:
In the type of statistical models with one insider trading repeatedly, if the number of periods is large enough, then the equilibrium will necessarily involve manipulation, as long as the market faces uncertainty about the existence of the informed trader. This manipulative strategic trading by informed insiders is evaluated.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2004
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Occupational choice, incentives and wealth distribution
Article Abstract:
The description of the model of occupational choice, which studies the relationship between the distribution of wealth and the occupational decisions, in large economies of New York is discussed.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2005
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The taxation of trades in assets
Article Abstract:
Application of Pareto improvement techniques to create competitive equilibrium between taxes and incomplete asset markets is described.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2006
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