Decentralized Trading with Private Information
NBER Working Paper No. 15513
---- Acknowledgements ----
We thank Daron Acemoglu, Fernando Alvarez, Manuel Amador, Abhijit Banerjee, Gadi Barlevy, V.V. Chari, Darrell Duffie, Georgy Egorov, John Geanakoplos, Veronica Guerrieri, Patrick Kehoe, Lasse Pedersen, Dimitri Vayanos, Pierre Olivier Weill, Asher Wolinsky, Pierre Yared and seminar audiences at various universities and conferences for useful comments. We are grateful to our discussants Markus Brunnermeier and Nikolae Garleanu for useful comments and suggestions. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.