Hasman, Augusto; Samartín, Margarita - In: Journal of Banking & Finance 32 (2008) 10, pp. 2136-2147
This paper incorporates costly voluntary acquisition of information à la Nikitin and Smith (2007) [Nikitin, M., Smith, R.T., 2007. Information acquisition, coordination, and fundamentals in a financial crisis. Journal of Banking and Finance, in press, doi:10.1016/j.jbankfin.2007.04.031], in a...