We study the effect of trading costs on information diffusion and information acquisition in financial markets. For a given precision... Read More
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We study the effects of introducing competition for CEOs, assuming that the talent of CEOs is not observable and that... Read More
Proxy advisors play an important role by providing investors with research and recommendations on how to vote their shares. This... Read More
In many cases, buyers are not fully informed about their valuations and rely on the advice of biased experts. For... Read More
We construct and analyze the equilibrium of a model of delegated portfolio management in which money managers signal their investment... Read More