Thursday, August 18, 2011, 10:30-12:15 pm; Asset Pricing Theoretical
Asymmetric Information - C1

Session Chair: Christine Parlour, University of California - Berkeley

• The Social Cost of Near-Rational Investment PDF
  Tarek A. Hassan, Thomas M. Mertens
  University of Chicago; New York University
  • Discussant: Albert S. Kyle, University of Maryland

• Short-Sale Constraints and Creditor Runs PDF
  Gyuri Venter
  London School of Economics
  • Discussant: Katya Malinova, University of Toronto

• Speculation and Hedging in Segmented Markets PDF
  Itay Goldstein¹, Yan Li ², Liyan Yang³
  University of Pennsylvania¹; Temple University²; University of Toronto³
  • Discussant: Marcus Opp, University of California - Berkeley