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Financial Expertise as an Arms Race
16 references·16 citing·41 second hopsampled
Financial Expertise as an Arms Race (2012)Financial Expertise as an Arms RaceWages and Human Capital in the U.S. Financial Industry: 1909–2006 (2012)Wages and Human Capital in th…Information Acquisition and Under-Diversification (2009)Information Acquisition and U…Strategic price complexity in retail financial markets☆ (2008)Strategic price complexity in…Valuation in Over-the-Counter Markets (2007)Valuation in Over-the-Counter…Competition and Strategic Information Acquisition in Credit Markets (2006)Competition and Strategic Inf…Over-the-Counter Markets (2004)Over-the-Counter MarketsEndogenous Liquidity in Asset Markets (2004)Endogenous Liquidity in Asset…Entrepreneurship: Productive, unproductive, and destructive (1996)Entrepreneurship: Productive,…The Allocation of Talent: Implications for Growth (1991)The Allocation of Talent: Imp…Entrepreneurship: Productive, Unproductive, and Destructive (1990)Entrepreneurship: Productive,…Perfect sequential equilibrium (1986)Perfect sequential equilibriumCorporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Corporate Financing and Inves…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Efficient mechanisms for bilateral trading (1983)Efficient mechanisms for bila…The Private and Social Value of Information and the Reward to Inventive Activity (1978)The Private and Social Value …The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Market for "Lemons": Qual…The Changing Economics of Knowledge Production (2023)The Changing Economics of Kno…Firm innovation and covenant tightness (2022)Firm innovation and covenant …The Equilibrium Consequences of Indexing (2021)The Equilibrium Consequences …How Does Past Experience Impact Hedge Fund Activism? 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(2020)Where Has All the Data Gone?Over-the-Counter versus Limit-Order Markets: The Role of Traders’ Expertise (2019)Over-the-Counter versus Limit…OTC premia (2019)OTC premiaVoluntary Disclosure in Bilateral Transactions (2017)Voluntary Disclosure in Bilat…Wall Street Occupations (2015)Wall Street OccupationsCostly information, entry, and credit access (2014)Costly information, entry, an…Bringing cost transparency to the life annuity market (2014)Bringing cost transparency to…Bank Size and Systemic Risk (2014)Bank Size and Systemic RiskTrading Complex Assets (2013)Trading Complex AssetsThe Growth of Modern Finance (2012)The Growth of Modern FinanceThe Externalities of High Frequency Trading (2012)The Externalities of High Fre…Equilibrium High Frequency Trading (2011)Equilibrium High Frequency Tr…Dictionary of American Biography (1945)Higher education as a filter (1973)Optimal contracts and competitive markets with costly state verification (1979)First-mover advantages (1988)COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS (1961)Optimal Auction Design (1981)Rationalist explanations for war (1995)Employment Fluctuations with Equilibrium Wage Stickiness (2005)Multiagent systems: algorithmic, game-theoretic, and logical foundations (2009)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Capital Structure Puzzle (1984)The Determinants of Capital Structure Choice (1988)Event Studies in Economics and Finance (1997)The Bargaining Problem (1950)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Continuous Auctions and Insider Trading (1985)Liquidity and Asset Prices (2006)Corporate bond liquidity before and after the onset of the subprime crisis (2011)The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response (2013)Medieval Technology and Social Change (1962)The Ancient Economy (1973)Why do Some Countries Produce So Much More Output Per Worker than Others? 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References

  • 1970The Market for "Lemons": Quality Uncertainty and the Market Mechanism22,977 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have6,535 cited
  • 1996Entrepreneurship: Productive, unproductive, and destructive3,977 cited
  • 1990Entrepreneurship: Productive, Unproductive, and Destructive3,647 cited
  • 1983Efficient mechanisms for bilateral trading2,512 cited
  • 1991The Allocation of Talent: Implications for Growth2,174 cited
  • 1978The Private and Social Value of Information and the Reward to Inventive Activity1,571 cited
  • 2004Over-the-Counter Markets1,199 cited
  • 2006Competition and Strategic Information Acquisition in Credit Markets766 cited
  • 2009Information Acquisition and Under-Diversification663 cited
  • 2008Strategic price complexity in retail financial markets☆531 cited
  • 2007Valuation in Over-the-Counter Markets526 cited
  • 1986Perfect sequential equilibrium380 cited
  • 2004Endogenous Liquidity in Asset Markets374 cited

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2012
Wages and Human Capital in the U.S. Financial Industry: 1909–2006
349 cited

Cited by

  • 2023The Changing Economics of Knowledge Production166 cited
  • 2012The Externalities of High Frequency Trading95 cited
  • 2015Wall Street Occupations95 cited
  • 2014Bank Size and Systemic Risk94 cited
  • 2020Where Has All the Data Gone?94 cited
  • 2013Trading Complex Assets93 cited
  • 2014Bringing cost transparency to the life annuity market90 cited
  • 2021The Equilibrium Consequences of Indexing76 cited
  • 2011Equilibrium High Frequency Trading74 cited
  • 2012The Growth of Modern Finance58 cited
  • 2019Over-the-Counter versus Limit-Order Markets: The Role of Traders’ Expertise53 cited
  • 2017Voluntary Disclosure in Bilateral Transactions43 cited
  • 2019OTC premia41 cited
  • 2014Costly information, entry, and credit access37 cited
  • 2021How Does Past Experience Impact Hedge Fund Activism?33 cited
  • 2022Firm innovation and covenant tightness30 cited