Liquidity runs with endogenous information acquisition

Sanne Zwart ()

Economics Letters, 2008, vol. 100, issue 1, pages 64-67

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.

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Related works:
Working Paper: Liquidity runs with endogenous information acquisition (2005)
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