The Interplay between Public and Private Information in Asset Markets: Theoretical and Experimental Approaches

Simone Alfarano, Eva Camacho Cuena (), Marko Petrovic and Giulia Provenzano

No 9, FinMaP-Working Papers from Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents

Abstract: In this paper we will give an overview of the more relevant results on the theoretical and experimental research related to public and private information dissemination and aggregation in asset markets, focusing mainly on the contemporaneous presence of public and private information and its effect on market performance. We conclude that the theoretical literature is more developed than the experimental one when dealing with public information and its role in different economic environments. Therefore, a promising research avenue opens for experimentally testing the different, and often contradictory, theoretical results.

Keywords: experiments; financial markets; private and public information; central bank information (search for similar items in EconPapers)
JEL-codes: C92 D82 G14 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-cta, nep-exp and nep-fmk
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fmpwps:9

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