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Biais et al., 2002 - Google Patents

Incentive-compatible contracts for the sale of information

Biais et al., 2002

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Document ID
876369698656472712
Author
Biais B
Germain L
Publication year
Publication venue
The Review of Financial Studies

External Links

Snippet

An informed financial institution can trade on private information and also sell it to clients through a managed fund. To provide an incentive for the informed agent to trade in the interest of her client, the optimal contract requires that she be compensated as an increasing …
Continue reading at core.ac.uk (PDF) (other versions)

Classifications

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