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Purpose - The purpose of this paper is to summarise and reflect upon key issues at the interface of prices, information … regulatory policy that should be concerned to improve stock market functioning, including with respect to information, as well as …
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Consumers often need to search for product information before making purchase decisions. We consider a tractable … (continuous-time) model of gradual learning, in which consumers incur search costs to learn further product information, and … importance/informativeness of each attribute. We discuss optimal pricing, the impact of consumer search on profits and social …
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We examine whether bond ratings contain pricing relevant information, that is unavailable to investors form other …
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