Financial economic models often assume that investors know (or agree on) the fundamental value of the shares of the firm, easing the passage from the individual to the collective dimension of the financial system generated by the Share Exchange over time. Our model relaxes that heroic assumption...

In this article, we propose a theoretical model which help us to define two possible settings where the European “migration competition” could be analysed. First, we analyse the scenario in which there are two regions: a receiving country and a net sending country. In this scenario we...

The discovery and processing of firm-specific information is expected to play a role in the making of individual expectations and related financial decisions. The information set available to share market investors is then jointly composed by market and firm-specific (non-market) information....