Separating equilibria, underpricing and security design

Bernhardt, Dan, Koufopoulos, Kostas and Trigilia, Giulio (2022) Separating equilibria, underpricing and security design. Journal of Financial Economics. pp. 788-801. ISSN 0304-405X



  • Bernhardt, Dan
  • Koufopoulos, Kostas (
  • Trigilia, Giulio
Copyright, Publisher and Additional Information: © 2021 Elsevier B.V. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy.
  • Accepted: 20 July 2021
  • Published (online): 22 July 2022
  • Published: 1 September 2022
Institution: The University of York
Academic Units: The University of York > Faculty of Social Sciences (York) > Economics and Related Studies (York)
Depositing User: Pure (York)
Date Deposited: 29 Jul 2021 11:30
Last Modified: 07 Dec 2022 15:44
Published Version:
Status: Published
Refereed: Yes
Identification Number:


Accepted Version

Embargoed until: 22 January 2024

Filename: Separating_equilibria_under_pricing_and_security_design_JFE_Accepted_Version_22_07_2021_.pdf

Description: Separating equilibria, under-pricing and security design (JFE Accepted Version, 22-07-2021)

Licence: CC-BY-NC-ND 2.5

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