{"id":59952,"date":"2018-03-09T22:47:46","date_gmt":"2018-03-09T22:47:46","guid":{"rendered":"https:\/\/www.deberes.net\/tesis\/sin-categoria\/essays-in-information-and-asset-pricing\/"},"modified":"2018-03-09T22:47:46","modified_gmt":"2018-03-09T22:47:46","slug":"essays-in-information-and-asset-pricing","status":"publish","type":"post","link":"https:\/\/www.deberes.net\/tesis\/teoria-de-la-inversion\/essays-in-information-and-asset-pricing\/","title":{"rendered":"Essays in information and asset pricing"},"content":{"rendered":"<h2>Tesis doctoral de <strong> Francesco Sangiorgi <\/strong><\/h2>\n<p>Esta tesis estudia las caracter\u00edsticas de la formaci\u00f3n y del equilibrio de los precios de los activos financieros cuando los agentes que participan en los mercados est\u00e1n informados de forma asim\u00e9trica. En el primer cap\u00edtulo analizo un modelo con agentes presumidos y racionales y adquisici\u00f3n costosa de la informaci\u00f3n. Demuestro que los precios del equilibrio son equivalentes a un mercado en el cual todos los agentes sean racionales. En el segundo cap\u00edtulo estudio la venta de informaci\u00f3n por un monopolista a mercados no competitivos. La asignaci\u00f3n \u00f3ptima de la informaci\u00f3n resulta tener dos formas posibles: (i) venta de una informaci\u00f3n muy imprecisa a tantos agentes como sea posible; (ii) venta de se\u00f1ales tan exactos como sea posible a un grupo muy restringido. Los mercado market-order son m\u00e1s eficientes que los limit-order y el modelo estrat\u00e9gico es m\u00e1s eficientes que el competitivo. En el tercer cap\u00edtulo investigo la relaci\u00f3n positiva entre la informaci\u00f3n asim\u00e9trica y la premia de riego bajo la asunci\u00f3n que los especuladores informados sean estrat\u00e9gicos y que negocian contra un mercado contrario al riesgo.<\/p>\n<p>&nbsp;<\/p>\n<h3>Datos acad\u00e9micos de la tesis doctoral \u00ab<strong>Essays in information and asset pricing<\/strong>\u00ab<\/h3>\n<ul>\n<li><strong>T\u00edtulo de la tesis:<\/strong>\u00a0 Essays in information and asset pricing <\/li>\n<li><strong>Autor:<\/strong>\u00a0 Francesco Sangiorgi <\/li>\n<li><strong>Universidad:<\/strong>\u00a0 Pompeu fabra<\/li>\n<li><strong>Fecha de lectura de la tesis:<\/strong>\u00a0 13\/07\/2007<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Direcci\u00f3n y tribunal<\/h3>\n<ul>\n<li><strong>Director de la tesis<\/strong>\n<ul>\n<li> Mar\u00edn Vigueras Jos\u00e9 M.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Tribunal<\/strong>\n<ul>\n<li>Presidente del tribunal: jordi Caballe vilella <\/li>\n<li>jacques Olivier (vocal)<\/li>\n<li>sudipto Bhattacharya (vocal)<\/li>\n<li>giovanna Nicodano (vocal)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesis doctoral de Francesco Sangiorgi Esta tesis estudia las caracter\u00edsticas de la formaci\u00f3n y del equilibrio de los precios de 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