| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060417 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠We construct a model whereby stock exchanges take a new role as an information intermediary, notably absent in their roles. ⺠We show that exchanges differentiate themselves at subgame perfect equilibrium. ⺠We show that exchanges will not race to the top or to the bottom.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Hamid Beladi, Reza Oladi, Nicholas S.P. Tay,