A Note on Anonymous Expertise in Over-the-Counter Markets
17 Pages Posted: 24 Aug 2015
Date Written: August 23, 2015
Abstract
I consider the model of expertise acquisition studied in Glode, Green, and Lowery (2012), under the alternative assumption that investment in expertise is unobservable. This model generates cross sectional variation in expertise levels and produces price dispersion.
Keywords: financial expertise, over-the-counter
Suggested Citation: Suggested Citation
Lowery, Richard, A Note on Anonymous Expertise in Over-the-Counter Markets (August 23, 2015). Available at SSRN: https://ssrn.com/abstract=2649576 or http://dx.doi.org/10.2139/ssrn.2649576
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