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Badarinza, Cristian - 2012

The aim of this study is to assess the extent to which the degree of heterogeneity of inflation expectations is driven by the flow of information related to current and future price developments. To that end, we follow three routes: i) We propose different measures of information flow that have...

Persistent link: https://www.econbiz.de/10013100575

Information Percolation Driving Volatility

Andrei, Daniel - 2012

randomly and exchange information through word-of-mouth communication, and (ii) the price aggregates information through the … findings. These results serve as a road sign indicating the central role played by word-of-mouth communication in financial …

Persistent link: https://www.econbiz.de/10013109066

Does Information Beget Information?

Karjala, Dennis S. - 2009

Using the language of mathematics, Professor Polk Wagner has recently argued that the impossibility of fully appropriating the value of information in a rights holder leads to the surprising conclusion that expanding the degree of control of intellectual property rights will, in the long run,...

Persistent link: https://www.econbiz.de/10013159373

Information Shares in a Two-Tier FX Market

Piccotti, Louis R. - 2019

Using several measures of information share, we examine price discovery across the inter-dealer and dealer-customer market tiers in the currencies market. In the spot market, the information share of the inter-dealer tier is higher than that of the dealer-customer one for non-financial sector...

Persistent link: https://www.econbiz.de/10012902880

Informational Autocrats

Guriev, Sergei - 2019

techniques - we document a range of trends in recent autocracies that fit the theory: a decline in violence, efforts to conceal …

Persistent link: https://www.econbiz.de/10012898877

Disagreement after News : Gradual Information Diffusion or Differences of Opinion?

Fedyk, Anastassia - 2018

This paper explores the long-standing empirical fact of increased trading volume around news releases through the lens of canonical models of gradual information diffusion and differences of opinion. I use a unique dataset of clicks on news by key finance professionals to distinguish between...

Persistent link: https://www.econbiz.de/10012935788

Reputation and Information Aggregation

Catonini, Emiliano - 2017

We analyze how reputation concerns for expertise of a partially informed decision maker affect her ability to extract information from reputation-concerned advisors. Very high reputation concerns of the decision maker destroy her incentives to seek advice. Yet, when such concerns are not high...

Persistent link: https://www.econbiz.de/10012969117

Information Percolation, Momentum, and Reversal

Andrei, Daniel - 2014

We propose a rational model to explain time-series momentum. The key ingredient is word-of-mouth communication, which … we introduce in a noisy rational expectations framework. Word-of-mouth communication accelerates information revelation … significant proportion of investors trade on it. We also show that word-of-mouth communication spreads rumors and generates price …

Persistent link: https://www.econbiz.de/10013044783

Information arrival, delay, and clustering in financial markets with dynamic freeriding

Aghamolla, Cyrus; Hashimoto, Tadashi - In: Journal of financial economics 138 (2020) 1, pp. 27-52

Persistent link: https://www.econbiz.de/10012631895

Information transmission in persuasion models with imperfect verification

Silva, Francisco - 2021

Firms and other institutions frequently evaluate their employees. Some firms ask for their employees to complete self-evaluation reports (SERs). The consensus in the business literature is that SERs are not credible and should only be used as a developmental tool. I discuss when SERs are useful...

Persistent link: https://www.econbiz.de/10013251869