How to distribute information

dc.contributor.author	Sirnes, Espen
dc.date.accessioned	2007-04-18T09:06:13Z
dc.date.available	2007-04-18T09:06:13Z
dc.date.issued	2005-10
dc.description.abstract	In this paper a difficult question is answered with a surprisingly simple answer. A monopolist who possesses nested information can earn money from selling it at different levels of precision to investors. The problem is to maximize profits by choosing the optimal distribution of information among the investors. I show that, the optimal distribution is to give all informed investors the same level of precision. The model belying this result is a continuous version of Grossman and Stiglitz (1980).	en
dc.format.extent	266042 bytes
dc.format.mimetype	application/pdf
dc.identifier.uri	https://hdl.handle.net/10037/924
dc.identifier.urn	URN:NBN:no-uit_munin_743
dc.language.iso	eng	en
dc.publisher	Universitetet i Tromsø	en
dc.publisher	University of Tromsø	en
dc.relation.ispartofseries	Working paper series in economics and management, 2005, nr 8	en
dc.rights.accessRights	openAccess
dc.subject	VDP::Samfunnsvitenskap: 200::Økonomi: 210::Bedriftsøkonomi: 213	en
dc.subject	distribution of information	en
dc.subject	finance	en
dc.subject	asset pricing	en
dc.title	How to distribute information	en
dc.type	Working paper	en
dc.type	Arbeidsnotat	en