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Trading and Information Diffusion in Over-the-Counter Markets

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Figure

Figure 1: This …gures shows two examples of networks. Panel (a) shows a (7; 4) circulant network
Figure 2: An iterated algorithm to …nd the equilibrium of the conditional guessing game in a 11-circle
Figure 3: The connected squares depict three dealers organized in a 3 star network. Their realized signals are in the middle of the square
Table 1: Regressions on a simulated dataset of percentage overweighting, pro…t per trade, intermediation, cost, gross volume, price volatility and dispersion on dealer and network  char-acteristics, i.e., number of links (degree), standard deviation of the
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