Hype and Dump Manipulation.
This paper introduces signaling in a standard market microstructure model so as to explore the economic circumstances under which hype and dump manipulation can be an equilibrium outcome. We consider a discrete time, multi-period model with stages of signaling and asset trading. A single informed tr...
| Autori principali: | , |
|---|---|
| Natura: | Working paper |
| Lingua: | English |
| Pubblicazione: |
Oxford Finance
2008
|