Strategic pricing of equity issues
Klaus Ritzberger; Frank Milne;
- Subject: Asset markets, Game theory, General equilibrium, Market manipulation, Public offerings.
acm: TheoryofComputation_GENERAL | TheoryofComputation_MISCELLANEOUS
- jel: jel:G32 | jel:G24 | jel:C72
Consider a general equilibrium model where agents may behave strategically. Specifically, suppose some firm issues new shares. If the primary market price is controlled by the issuing institution and investors' expectations on future equity prices are constant in their ... View more
- Metrics No metrics available