Informed Trading, Investment, and Welfare

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Comparative Financial Systems: A Survey (2001, background): “Dow and Rahi (1997) analyze a parametric model with investment in productive assets by firms.”
Manipulation and the Allocational Role of Prices (2008, background): “As was noted in the literature before (see Dow and Rahi, 2003), whether a hedger’s exposure is correlated to the variable about which there is privately informed trade has crucial implications for the equilibrium trading behaviour.”
Disclosure Quality, Cost of Capital, and Investor Welfare (2008, background): “See also Holmstrom and Tirole (1993) and Dow and Rahi (2003) for the concern of the adverse welfare effect of public information in models in economics and finance.”
Big Data as a Governance Mechanism (2019, unknown): “I follow prior literature on managers’ learning from stock price’s aggregation of information (e.g., Chen et al. 2007; Dow and Gorton 1997; Dow and Rahi 2003; Bakke and Whited 2010).”
The Real Effects of Financial Markets (2012, unknown): “Dow and Rahi (2003) develop a full welfare analysis of the effect of informed trading, considering both production and consumption effects.”