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Who Acquires Information in Dealer Markets? (2020)
Journal Article
Rüdiger, J., & Vigier, A. (2020). Who Acquires Information in Dealer Markets?. American Economic Review, 110(4), 1145-1176. https://doi.org/10.1257/aer.20170690

We study information acquisition in dealer markets. We first identify a one-sided strategic complementarity in information acquisition: the more informed traders are, the larger market makers' gain from becoming informed. When quotes are observable,... Read More about Who Acquires Information in Dealer Markets?.