Title:Inside information in Ponzi schemes Author(s):SADIRAJ, Klarita; SCHRAM, ArthurDate:2018Citation:
- Journal of the economic science association-jesa, 2018, Vol. 4, No. 1, pp. 29-45
Type:ArticleAbstract:Ponzi-like investment schemes were popular in many transition economies. Often, some government officials had inside information about the viability of such schemes and used this information to their own advantage. We ...
Title:An experimental study of bond market pricing Author(s):WEBER, Matthias; DUFFY, John; SCHRAM, ArthurDate:2018Citation:
- Journal of finance, 2018, Vol. 73, No. 4, pp. 1857-1892
Type:ArticleAbstract:An important feature of bond markets is the relationship between the initial public offering (IPO) price and the probability that the issuer defaults. On the one hand, the default probability affects the IPO price on the ...