Finance Theory Group

Tags

information acquisition
information aggregation
trading costs
mortgages
incomplete contracts
learning
financial transaction taxes
hierarchies
adverse selection
theory of the firm
venture capital
disagreement
trust
polarization
expectations
asymmetric information
auctions
communication
dynamic mechanism
disclosure
financing choice
investment
bayesian persuasion
information provision
conflicted advice
two-sided matching
sorting
network
ratings
intermediation
credit rating
screening
strategic disclosure
managerial compensation
endogenous benchmark
moral hazard
imperfect competition
rational expectations equilibrium
equity premium
macroeconomic announcement
uncertainty aversion
credit rationing
composition of credit supply
bank regulation
bailouts
fdic insurance
optimal leverage
capital structure
strategic communication
dynamic games
real options
continuous time games
private equity
innovation
delegated investment
performance persistence
manager skills
dynamic contracts
composite securities
etfs
smart beta
index-linked investment
financial innovation
security design
informational efficiency
coordination failures
government intervention
information design
financial crisis
global games
bargaining
private information
dynamics
deal flow
network formation
core-periphery
directed search
clientele effect
specialization
intermediation chains
over-the-counter markets
compensation design
duration of pay
short-termism
persistence
principal-agent models
informativeness principle
commodities
securitization
lending standards
stress tests
capital requirements
systemic risk
relationship lending
hold-up
experimentation
contracting
competition
multi-tasking
informational cascade
crowd-funding
all-or-nothing
entrepreneurial finance
capital markets
information efficiency
distributed ledger
fintech
anti-trust
collusion
bitcoin
blockchain
smart contract
decentralized markets
information design.
information spillovers
transparency
sentiment
liquidity
asset prices
capital reallocation
business cycles
sunspots
supply channel
price informativeness
comovement
welfare
commodity financialization
futures prices bias
employee bargaining power
market competition
equity compensation
amplification
financial crises
information choice
search theory
trading frequency
allocative eciency
high-frequency trading
double auction
size discovery
workup
dark pool
market design
executive compensation
competition for talent
misreporting
performance manipulation
earnings management
monitoring
regulatory disclosure
reputation
stress tests
bank regulation
auditing
financial advice
conflict of interests
financial literacy
information provision
speculation
bubbles
compensation
bonus
banking
risk sharing
risk seeking
rationality
inefficient markets
heterogeneity
test
risk-sharing
demand shocks
heterogeneous beliefs
heterogeneous time preferences
trading volume
asset pricing puzzles
regulatory disclosure
reputation
auditing
bankruptcy
information
debt
dynamic investment
contract
q-theory
persistent private information
market fragmentation
interdealer trading
price impact
demand schedule equilibrium
decenrtalized trading
decentralized trading

A Theory of Participation in OTC and Centralized Markets

Jerome Dugast, Pierre-Olivier Weill , Semih Uslu Jul 09,2019

Should regulators encourage the migration of trade from over-the-counter (OTC) to centralized markets? To address this question, we consider a... Read More

Papers

Tags

A Theory of Participation in OTC and Centralized Markets