Special Issue "Information and market efficiency"
A special issue of Risks (ISSN 2227-9091).
Deadline for manuscript submissions: closed (15 May 2015) | Viewed by 22434
Interests: risk management for private and social risks; microeconomic theory under uncertainty (financial contracts, insurance contracts); asymmetric information (moral hazard and adverse selection); economics of health services; regulation in transportation and the environment
Information problems prevail in all markets, but their empirical analysis is fairly recent, particularly in finance. Many researchers still embrace the theorem that all information is contained in transaction prices. Others believe that asymmetric information creates advantages for some market participants, and that its presence may justify market regulation. The most recent and popular case concerns the information advantage that some traders procure on different exchanges because of the speed of their network and computers. Another example goes back to the recent financial crisis, when some bankers were less than transparent about their true motivations. An over the counter transaction is a third example. This Special Issue aims to address the role of information asymmetry in the design of market regulation, with an emphasis on financial markets, including banking and insurance.
Prof. Dr. Georges Dionne
Manuscript Submission Information
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- information asymmetry
- market efficiency
- empirical evidence
- market regulation
- financial markets