Overview
Dynamic information disclosure in markets
This topic examines when and how firm managers should disclose information about the firm's value in competitive markets, including the timing of such disclosures and whether bad news should be released.
Overview article: Milgrom, P. (2008). What the seller won't tell you: Persuasion and disclosure in markets. Journal of Economic Perspectives, 22(2), 115-131.
This is the core paper for the dissertation Acharya, V. V.,, P., & Kremer, I. (2011). Endogenous information flows and the clustering of announcements. American Economic Review, 101(7), 2955-2979.
These are the subsidiary papers for the dissertation: Kremer, I., Schreiber, A., & Skrzypacz, A. (2022). Disclosing a Random Walk. Available at SSRN 4025592.
Guttman, I., Kremer, I., & Skrzypacz, A. (2014). Not only what but also when: A theory of dynamic
voluntary disclosure. American Economic Review, 104(8), 2400-2420
Please prepare three documents, and please satisfy all the requirements:
First document: Explain the core concepts in the entire core paper of the dissertation, which is bolded and underlined, highlighting what is the most important part of the paper and explaining it. Then, a second section in the first document explains the key concepts in the subsidiary papers.
Second document: This is a theoretical dissertation; please prepare a literature review document of roughly 3-4 pages discussing the areas that have been explored in this field and the questions still yet to be answered in this field and provide several research questions.
Third document: Please find at least ten quantitative papers on this topic with the relevant dataset attached (the relevant dataset is essential), a detailed explanation of how I switch the theoretical dissertation into the quantitative dissertation with step-by-step explanations of how to use those relevant datasets, and how to search and find relevant datasets.
Please do not use any ChatGPT; I will check with the AI detection tool. I am aiming for a UK University Grade of 75% and above; if we work well with this assignment, we can work on further dissertation and essay-related assignments in the future.