CORDIS Project
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This project investigates how information is acquired and processed in financial markets, focusing on the effects of unequal access to information among economic agents. It aims to establish a framework for understanding informed trading and its macroeconomic implications.
Are financial markets informationally efficient?
Are some economic agents more informed than others?
What is the impact of such heterogeneity on asset prices?
These questions, of great economic significance, have permeated academic and business circles over the last few decades.
Despite significant progress on the theoretical and empirical fronts relatively little is known about how information is endogenously acquired and processed in markets by agents with differential access to information an…
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