Efficiently Inefficient Markets for Assets and Asset Management
收藏NBER2015-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21563
下载链接
链接失效反馈官方服务：
资源简介：
We consider a model where investors can invest directly or search for an asset manager, information about assets is costly, and managers charge an endogenous fee. The efficiency of asset prices is linked to the efficiency of the asset management market: if investors can find managers more easily,
提供机构：
美国国家经济研究局
创建时间：
2015-09-01
