, racial income disparities, and segregation. The use of race as a signal arises here, as in models of statistical … in turn perpetuates the informational asymmetries. Minority groups necessarily suffer disproportionately from segregation … model, endogenous segregation will be mutual, since minority agents face an adverse selection of majority agents who are …

Demand of passive index tracking funds has fared as a convincing explanation to justify the large positive (negative …) abnormal returns experienced by firms added to (deleted from) S&P 500. However, the shrinking magnitude of the index effect … predicts, and substantial abnormal returns before the index announcements suggest that demand of index funds doesn’t seem to be …

impact of segregation and find that segregation leads to polarization. Segregation also reduces the overall number of people … informed in the long run. Our final set of results shows that agents are more likely to prefer segregation if their information …

disparities, and segregation. The use of race as a signal arises here, as in models of statistical discrimination, from imperfect … asymmetries. Minority groups necessarily suffer disproportionately from segregation, since the degree to which transactions …

Income segregation is found to be a common phenomenon, which imposes far-reaching implications on housing and social … asymmetric relationship between household income and income segregation in Hong Kong, by studying the census data in 2001 and in … 2006, compiled by the Hong Kong SAR Government. The result shows that segregation is more intense among high household …