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economics of film, music, television, advertising, broadcasting, cable, casinos, publishing, arts and culture, performing arts … spending, electromagnetic spectrum for broadcasters, and revised FASB accounting rules for film and television. Financial …
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We explain the size and the existence of the mutual fund industry by generalizing the standard competitive noisy rational expectations framework with endogenous information acquisition. Since informed agents optimally choose to open mutual funds in order to sell their private information, mutual...
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