Learning from Financial Markets and Misallocation
I quantify how information frictions and learning from financial markets affect resource misallocation. I develop a dynamic model that features financial markets guiding managers in large investment decisions – mergers and acquisitions. Due to information frictions, mis-valuation of own firms and th...
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| Format: | Thesis |
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Massachusetts Institute of Technology
2022
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| Online Access: | https://hdl.handle.net/1721.1/138926 |