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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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2011.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 2011/033 |
| Onderwerpen: | |
| Online toegang: | Full text available on IMF |