Information Percolation in Large Markets

152 citations recorded by the source corpus.

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The Growth and Limits of Arbitrage: Evidence from Short Interest (2014, background): “First, learning may be costly and gradual, slowing the diffusion of information about strategy alpha (Duffie and Strulovici (2012), Duffie and Manso (2007), Duffie, Malamud, and Manso (2009), and McLean and Pontiff (2012)). Second, time-to-build problems may limit the speed with which investors can ”
The Gravity Equation in International Trade: An Explanation (2018, methodology): “(14)This adding up explains why the law of motion for the location of contacts in my model, my equation (9), is exactly identical to the law of motion for the posterior about the type of a payoff relevant variable in Duffie and Manso (2007), their equation (3) p.”
Information Percolation (2008, background): “…chosen at random from the population, without replacement, with the uniform distribution, which we can take to be the agentspace measure γ. Duffie and Sun (2007) provide a complete construction for independent random matching from a large set (a non-atomic measure space) of agents, for the case…”
Information Percolation, Momentum and Reversal (2014, unknown): “We model word-of-mouth communication through the information percolation theory (Duffie and Manso, 2007), whereby agents exchange information in random, bilateral private meetings.”