Article ID Journal Published Year Pages File Type
5061919 Economics Letters 2008 4 Pages PDF
Abstract

This paper analyzes a liquidity run model in which investors strategically acquire private information. The availability of information can eliminate the multiplicity typical for models without private information. Even for intermediate priors equilibria without private information can now be unique.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Liquidity runs with endogenous information acquisition
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