对称无知:匿名柠檬的成本

Symmetric ignorance: The cost of anonymous lemons

European Financial Management · 2020
被引 30
人大 A-ABS 3

中文导读

研究了限制谈判交易中信息要求的规则如何扩大匿名金融市场范围,并探讨了这些规则带来的隐性成本,质疑了完成本不会自然存在的匿名市场的社会价值。

Abstract

Abstract Rules that restrict information required in negotiated private transactions have spurred a vast increase in the scope of anonymous financial markets, particularly in the United States. The subtle costs of the information‐restricting rules raise questions about the social value of “completing” anonymous markets that would not naturally survive and did not historically exist.

匿名柠檬市场信息限制规则市场完整性交易成本