Information and Competitive Price Systems
About: This article is published in The American Economic Review. The article was published on 01 May 1976. and is currently open access. The article focuses on the topics: Mid price & Reservation price.
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Citations
The correlation between accounting information quality and information content of stock price—and the influence of institutional investors' stock holdings to the correlation between them
TL;DR: Wang et al. as discussed by the authors examined the correlation between accounting information quality and information content of stock price by using the data of the year 2008-10 from Chinese stock market, and then the influence of institutional ownership of the equity was examined to find that accounting quality is positively correlated with information content.
Consumption choices and uncertain quality
L. Mittone,R. Tamborini +1 more
- 01 Jan 1994
TL;DR: In this paper, the authors outline a framework for economic analysis of the causes and consequences of quality uncertainty on consumer behavior and propose a taxonomy of international imperfections and of the limits to consumer information.
The Russian Financial Crisis as it Points up the Failures of Liberalization
TL;DR: The Russian financial crisis of August 1998, which occurred between the Asian recession and the devaluation of the Brazilian real in January 1999, put a question-mark over many certainties as mentioned in this paper.
Environmental News Emotion and Air Pollution in China
TL;DR: This article investigated the causal relationship between web news emotion and air pollution by exploiting the central government's war on air pollution and found that a decrease of the emotional tone in web news (i.e. more negative emotions in the articles) can help to reduce air pollution at both city and county level.
The Austrian School and the Theory of Markets
David Emanuel Andersson,Marek Hudik +1 more
- 01 Jan 2022
References
The Market for “Lemons”: Quality Uncertainty and the Market Mechanism
TL;DR: In this paper, the authors present a struggling attempt to give structure to the statement: "Business in under-developed countries is difficult"; in particular, a structure is given for determining the economic costs of dishonesty.
The Existence of Futures Markets, Noisy Rational Expectations and Informational Externalities
TL;DR: In this article, the role of futures markets as a place where information is exchanged and where people who collect and analyse information about future states of the world can earn a return on their investment in information gathering is explained.
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General Theory of Employment, Interest and Money
John Maynard Keynes
- 01 Jan 1936
TL;DR: In this article, a general theory of the rate of interest was proposed, and the subjective and objective factors of the propensity to consume and the multiplier were considered, as well as the psychological and business incentives to invest.