Research Repository

Informed Trading and the "Leakage" of Information

Goenka, Aditya (2000) Informed Trading and the "Leakage" of Information. Working Paper. University of Essex, Department of Economics, Economics Discussion Papers, Colchester.


Download (157kB) | Preview


This paper, in a Shapley-Shubik market game framework, examines the effect of "leakage" of information: private information becoming available to uninformed traders at a later date. We show that (a) If information acquisition by the informed traders is costless, this leads to faster revelation of information; (b) If information acquisition is costly, there may be no acquisition of information; (c) Information leakage leads to a fall in value of information and hence, increases the incentive for informed traders to sell the information.

Item Type: Monograph (Working Paper)
Uncontrolled Keywords: Informed trading, insider trading, strategic market games, information revelation, arrival of information, market efficiency
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Users 161 not found.
Date Deposited: 28 Aug 2014 15:17
Last Modified: 28 Aug 2014 15:17

Actions (login required)

View Item View Item