Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation

On the Impossibility of Informationally Efficient Markets

Sanford J. Grossman · RePEc: Research Papers in Economics · 1980 · 5.3K citations

Social Sciences, Economics, Information Theory +9

On the Impossibility of Informationally Efficient Markets

Joseph E. Stiglitz, Sanford J. Grossman · Columbia Academic Commons (Columbia University) · 1980 · 3.7K citations · Full text

Social Sciences, Economics, Information Theory +9

Good News and Bad News: Representation Theorems and Applications

Paul Milgrom · The Bell Journal of Economics · 1981 · 3.3K citations

Social Sciences, Business Economics, Economics +17

The Informational Role of Warranties and Private Disclosure about Product Quality

Sanford J. Grossman · The Journal of Law and Economics · 1981 · 2.6K citations

Law, Quality Management, Corporate Disclosure +15

On the aggregation of information in competitive markets

Martin Hellwig · Journal of Economic Theory · 1980 · 1.3K citations

Social Sciences, Business Economics, Economics +10