Conformism and Public News /

We study a model where investment decisions are based on investors' information about the unknown and endogenous return of the investment. The information of investors consists of endogenously determined messages sold by financial analysts who have access to both public and private information...

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Hlavní autor: Rochon, Celine
Další autoři: Desgranges, Gabriel
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2011.
Edice:IMF Working Papers; Working Paper ; No. 2011/033
Témata:
On-line přístup:Full text available on IMF