Welfare effects of the allocation of talent to financial trading: What does the Grossman-Stiglitz model say?

Autor:	Arnold, Lutz, Zelzner, Sebastian
Jazyk:	angličtina
Rok vydání:	2020
Předmět:	occupational choice allocation of talent ComputingMilieux_THECOMPUTINGPROFESSION asymmetric information G14 market efficiency ddc:330 J24
Popis:	This paper investigates the implications of the Grossman-Stiglitz (1980) model on the informational efficiency of financial markets for the optimality of the allocation of talent to financial trading versus entrepreneurship. Informed traders make the financial market more informationally efficient, entrepreneurs create output and jobs. The model indicates that financial trading attracts too much, rather than too little, talent.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=od______1687::fb4692e0a0ba04d4fb7fe3d6d67a940c https://hdl.handle.net/10419/237981 Zobrazit plný text záznamu