Similar Search Results

Riding the bubble? : chasing returns into illiquid assets

Yagan, Danny - 2014

Persistent link: https://www.econbiz.de/10010396236

The Social Cost of Near-Rational Investment

Hassan, Tarek A. - 2011

We show that the stock market may fail to aggregate information even if it appears to be efficient, and that the resulting decrease in the information content of prices may drastically reduce welfare. We solve a macroeconomic model in which information about fundamentals is dispersed and...

Persistent link: https://www.econbiz.de/10013125571

Riding the Bubble? Chasing Returns into Illiquid Assets

Yagan, Danny - 2014

Household investors chase stock market returns. Surveys suggest that households intend to "ride the bubble" by buying …

Persistent link: https://www.econbiz.de/10013049679

The social cost of near-rational investment

Hassan, Tarek A.; Mertens, Thomas M. - 2011

"We show that the stock market may fail to aggregate information even if it appears to be efficient and that the resulting decrease in the information content of stock prices may drastically reduce welfare. We solve a macroeconomic model in which information about fundamentals is dispersed and...

Persistent link: https://www.econbiz.de/10009129717