Confronting Information Asymmetries: Evidence from Real Estate Markets

By Mark J. Garmaise, Tobias J. Moskowitz. 2004

347 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/312c66e25dadb76b5b5772c80dba6ad3188474c8

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Citations in the corpus

Macroeconomic Conditions and the Puzzles of Credit Spreads and Capital Structure (2010, background): “Veronesi (2000) provides an alternative proof, which exploits the right-continuity of the continuous-time Markov chain and obtains the same pricing formula with a limit argument.”
Rational IPO Waves (2005, background): “Veronesi (2000) discusses these effects in a different framework.”
Does Distance Still Matter? The Information Revolution in Small Business Lending (2002, neutral): “…metrics we focus on are consistent with the theoretical conjecture of the role of banks, and could be useful in further empirical work (also see Covals and Moskowitz (1999) and Garmaise and Moskowitz (1999), and Grinblatt and Keloharju (1999) for distance as a measure of asymmetric information).”
Information Quality and Long‐Run Risk: Asset Pricing Implications (2010, background): “…decomposition turns out to be very useful when I calibrate the model to the empirical evidence on the return properties of aggregate wealth, and when I compare my result on the relationship between the equity premium and information quality with that of Veronesi (2000) in pure exchange economies.”
Learning in Financial Markets (2009, background): “In Veronesi (2000), this uncertainty decreases the equity premium.”
Reference-Dependent Preferences and the Risk-Return Trade-Off (2017, background): “…divergence of opinion in Diether, Malloy, and Scherbina (2002), parameter uncertainty over the firm’s profitability in Pastor and Veronesi (2003), Korteweg and Polson (2009), and He, Li, Wei and Yu (2014), and information quality in Veronesi (2000) and Armstrong, Banerjee, and Corona (2013).”
Model Uncertainty and Option Markets with Heterogeneous Beliefs (2006, background): “More recent contributions include Brennan (1998), Brennan and Xia (2000), David (1997), and Veronesi (1999, 2000).”
Ambiguity, Information Quality and Asset Pricing (2008, background): “Veronesi [38] shows, in a Bayesian model with risk averse agents, that prices respond more to bad news in good times and conversely.”
Momentum and Reversals in Equity‐Index Returns During Periods of Abnormal Turnover and Return Dispersion (2003, background): “For example, recent literature on economic-state uncertainty (Veronesi (1999, 2000)) suggests that the price response to information increases with the uncertainty about the economic state.”