HEC Research Papers Series,
HEC Paris

Abstract: In this paper, the authors consider a multi-period rational expectations model in which risk-averse investors differ in their information on past transaction prices (the ticker). Some investors (insiders) observe prices in real-time whereas other investors (outsiders) observe prices with a delay.

Keywords: market data sale; latency; transparency; price discovery; Hirsh-leifer effect

JEL-codes: D46; D53

40 pages, September 1, 2008

Full text files

5457a63a7810f562f01daa1c64b009d0.pdf  

Download statistics

• HEC Paris
• Ordering Working Papers
• Home page for this series

Questions (including download problems) about the papers in this series should be directed to Antoine Haldemann ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:ebg:heccah:0892This page generated on 2024-09-13 22:19:52.