Titlebook: Economics of Accounting; Information in Marke Peter O. Christensen,Gerald A. Feltham Book 2003 Springer Science+Business Media New York 200

BRAWL

Strategic Use of Private Investor Information in Equity Marketsnvestors, such as insiders, who become informed. Even if they are risk neutral, they may well restrain their trades so as to partially “hide” their private information while still making a profit from its use in their trades.

核心

顯而易見

Disclosure of Private Information in Product Markets bad news and withholds good news. On the other hand, if new investors and the potential entrant are both recipients of the manager’s costless disclosure, then there can exist an equilibrium in which the manager withholds both very bad and very good news, while disclosing the news between the two extremes.

沉著

Blaulicht und Martinshorn im Strafrecht of a public report that causes the price to increase or decrease (and then reversing the position after the information is impounded in the price). Thus, intuitively, one expects investor demand for private information to increase immediately prior to an anticipated public report. Hence, a key ques

Obsessed

Impact of Private Investor Information in Equity Markets of a public report that causes the price to increase or decrease (and then reversing the position after the information is impounded in the price). Thus, intuitively, one expects investor demand for private information to increase immediately prior to an anticipated public report. Hence, a key ques

echnic

Hay-Fever

沉思的魚

紀念

Decision-Facilitating Informationful to understand the economic role of information systems. In our basic economic model of decision making, the decision maker faces uncertainty about the outcomes from his actions. We generally view information as a mechanism for reducing uncertainty, and in single-person decision making the reduct

GUISE

Risk Sharing, Congruent Preferences, and Information in Partnerships which there are multiple decision makers. This chapter considers a simple setting that we call a ., although in the literature it is often called a . (e.g., .). The key concepts introduced are . and . for action and information system choices.