Conformism and Public News /
We study a model where investment decisions are based on investors' information about the unknown and endogenous return of the investment. The information of investors consists of endogenously determined messages sold by financial analysts who have access to both public and private information...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2011.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2011/033 |
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| Онлайн доступ: | Full text available on IMF |