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Asymmetric Information in Financial Markets: Introduction and Applications Ricardo N. Bebczuk

Asymmetric Information in Financial Markets: Introduction and Applications

Ricardo N. Bebczuk

Published March 1st 2008
ISBN : 9780521797320
Paperback
172 pages
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 About the Book 

Within the economists abstraction of a Perfect Market it is assumed that all agents have access to the same timely, accurate and free information, and as a result allocative efficiency will be achieved. In practice this rarely happens and in mostMoreWithin the economists abstraction of a Perfect Market it is assumed that all agents have access to the same timely, accurate and free information, and as a result allocative efficiency will be achieved. In practice this rarely happens and in most cases agents have access to different levels of information so that transactions are characterized by asymmetric information. This book presents the first integrated treatment of asymmetric information as both a macroeconomic and microeconomic phenomenon in financial markets.