• openAccess   Overweighting of public information in financial markets: A lesson from the lab 

      Ruiz-Buforn, Alba; Camacho Cuena, Eva; MORONE, ANDREA; Alfarano, Simone Elsevier (2021-08-18)
      We study the information aggregation process in a laboratory financial market where traders have access to costly private and free public imperfect information. The public disclosure provokes (i) a crowding-out effect on ...
    • closedAccess   The effect of rating agencies on herd behaviour 

      Ferri, Giovanni; MORONE, ANDREA Springer Berlin Heidelberg (2014-04)
      This paper purports to provide some evidence on the effect of rating agencies in financial markets. By means of a laboratory experiment, we investigate the effect and interaction between private and public information. We ...
    • openAccess   The role of ex post transparency in information transmission -An experiment 

      Behnk, Sascha; Barreda-Tarrazona, Iván; García-Gallego, Aurora (2015-07-01)
      Asymmetric information in economic relationships often provides incentives to deceive. Previous findings show that ex ante disclosure of conflicts of interest not only fails to improve these relationships but also leads ...