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

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

Richard Lowery (Contact Author)

University of Texas-Austin ( email )

Red McCombs School of Business
Austin, TX 78712
United States

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