Reprint of: Information percolation in segmented markets

Vacancies in Self‐Assembled Crystals: An Archetype for Clusters Statistics at the Nanoscale

“…[ 4 ] Fractal geometry, [ 5 ] random walks, [ 6 ] and cluster distribution [ 7 ] have been studied, focusing mainly on the inspection of the proximity of the percolation threshold (ρ c ); highlighting its remarkable singularity. The breadth of the definition warrants its use in a wide variety of fields such as economics, [ 8 ] geography, [ 9 ] data mining, [ 10 ] or even in the study of the physics of life. [ 11 ] For particulate systems, percolation is defined as the critical concentration of secondary type of particles leading to clusters that span the whole system.…”

Information, Coordination, and Market Frictions: An Introduction

“…The last paper in the symposium, by Duffie et al [51], studies information percolation in segmented markets. The paper presents a dynamic model of over-the-counter trading in which traders may differ in the quality of their private information, in the expected frequency of bilateral trading opportunities, in their market connectivity, and in their preferences over the risky asset.…”

“…One area that we expect will continue to attract attention is the analysis of information acquisition and aggregation through prices in dynamic economies. Some of the papers in the symposium touch on this theme (e.g., Albagli [4], Duffie et al [51], Mäkinen and Ohl [79]). A lot remains to be done.…”

Price Distortions and Public Information: Theory, Experiments, and Simulations

“…These markets are characterized by their opaqueness, where the details of the contracts are only known by the two parties (Duffie, 2012). Several theoretical studies suggest that decentralized markets are able to aggregate dispersed information in the market, although the aggregation process is slowed down with respect to centralized markets (Duffie et al, 2005;Duffie and Manso, 2007;Duffie et al, 2015).…”