Information acquisition and financial intermediation

Research, Preprint OPEN
Boyarchenko, Nina;
(2012)
  • Publisher: New York, NY: Federal Reserve Bank of New York
  • Subject: rational inattention | G12, G19, E44, G00 | asset prices in intermediated economies | financial intermediation; rational inattention; disagreement
    • jel: jel:G12 | jel:G00 | jel:E44 | jel:G19
      ddc: ddc:330

This paper considers the problem of information acquisition in an intermediated market, where the specialists have access to superior technology for acquiring information. These informational advantages of specialists relative to households lead to disagreement between ... View more
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