Download This PaperSymmetric Ignorance: The Cost of Anonymous Lemons
European Financial Managment
12 Pages Posted: 22 Aug 2019 Last revised: 11 Dec 2020
Date Written: August 18, 2019
Abstract
Rules that restrict information required in negotiated private transactions have spurred a vast increase in the scope of anonymous financial markets, particularly in the US. The subtle costs of the information restricting rules raise questions about the social value of “completing” anonymous markets that would not naturally survive and did not historically exist.
Keywords: information asymmetry, securities markets, securitization, regulation, liquidity
JEL Classification: G10, G18, G28, G38, K22, N2
Suggested Citation: Suggested Citation
Bhide, Amar, Symmetric Ignorance: The Cost of Anonymous Lemons (August 18, 2019). European Financial Managment, Available at SSRN: https://ssrn.com/abstract=3439105 or http://dx.doi.org/10.2139/ssrn.3439105
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.