J Mondria - mimo, Princeton University, 2006 - merlin.fae.ua.es
Abstract This paper explains financial contagion between two stock markets with
uncorrelated fundamentals by fluctuations in international investorspattention allocation. We
model the process of attention allocation that underlies portfolio investment in ...
J Mondria… - 2006 - papers.ssrn.com
Abstract: This paper presents a rational expectations model of asset prices with rationally
inattentive investors that, unlike previous papers, can explain both the substantial amount of
equity wealth invested domestically and the puzzling time series behavior of the home ...
J Mondria - Journal of Economic Theory, 2010 - Elsevier
This paper models the attention allocation of portfolio investors. Investors choose the
composition of their information subject to an information flow constraint. Given their
expected investment strategy in the next period, which is to hold a diversified portfolio, in ...
J Mondria, T Wu… - Journal of International Economics, 2010 - Elsevier
This paper explores the joint determination of home bias and attention allocation. We
overcome the typical challenge associated with evaluating attention allocation theories by
using a new internet search query dataset to measure how much information investors ...
J Mondria… - 2006 - papers.ssrn.com
Abstract: This paper provides suggestive evidence of financial contagion between regions
by fluctuations in international investors' attention allocation. Using Financial Times news
stories about Thailand as a proxy for attention allocated to Southeast Asia, we find that the ...
J Mondria… - 2011 - papers.ssrn.com
Abstract: We study the asset pricing implications of attention allocation theories. These
theories allow us to predict the arrival of private information by observing investors' behavior.
Specifically, attention allocation theories suggest that the arrival of private news to local ...
J Mondria - 2006 - individual.utoronto.ca
Abstract This paper provides suggestive evidence of financial contagion between two
indepen (dent stock markets by fluctuations in international investorsrattention allocation.
Using Financial Times coverage as a proxy for attention allocation, the data show that the ...
[CITATION] Asymmetric Information, Portfolio Managers, and Home Bias
J Mondria… - 2011 - mimeo Northwestern University
K Dasgupta… - preliminary draft University of …, 2010 - ryersonuniversity.net
Abstract Asymmetric information about product quality is an endemic problem in
international trade. We examine how the availability of profit-maximizing trade
intermediaries affects the exporting decisions and quality choice of producers in the ...
W Dziuda… - AFA 2010 Atlanta Meetings Paper, 2009 - papers.ssrn.com
Abstract: Why do investors excessively tilt their portfolio towards domestic assets? Recent
studies suggest asymmetric information plays a significant role in the home equity bias
puzzle. A key assumption in theoretical models is that agents invest in assets and process ...
J Mondria… - 2011 - people.ucsc.edu
Abstract This paper shows that imperfect financial integration and informational asymmetries
are not competing theories but rather complementing ideas to a single explanation of the
home bias puzzle. We develop a rational expectations model of asset prices with investors ...
AE Konukoglu… - 2008 - economics.ca
Abstract The exchange rate determination puzzle refers to the empirical finding that nominal
exchange rate models based on macroeconomic fundamentals are outperformed by a
driftless random walk. Several recent papers have developed models in international ...
J Mondria Pascual - 2007 - gradworks.umi.com
Abstract: The first essay explains financial contagion between two independent stock
markets by fluctuations in international investors' attention allocation. I model the process of
attention allocation that underlies portfolio investment in international markets using ...
R Gil… - 2008 - managementsv.drupal.ucsc.edu
Abstract This paper presents the introduction of managerial attention allocation constraints
in optimal incentive contracts in multi# tasking. We extend the framework in Holmstrom and
Milgrom (1991) by letting the principal choose the amount of monitoring allocated to each ...
J Mondria - instituteceed.org
Abstract: Determining the exchange rate remains a challenge for the economic science.
Even though many models and alternative analysis have been proposed, most of them
failed to improve upon the random walk hypothesis. This paper is an attempt to provide 1- ...
J Mondria, UNCC Hill… - 2011 - unc.edu
Abstract In this paper, we decompose attention allocation in two components tthe familiar
and the surprising twith opposite implications for US purchases of foreign stocks. On one
hand, familiarity (induced attention leads to an increase in US holdings of foreign equities. ...
[CITATION] Essays on inattentive investors
JM Pascual - 2006 - Princeton University
R Gil… - SERIEs: Journal of the Spanish Economic Association, 2011 - Springer
Abstract This paper introduces and studies the role of managerial attention allocation
constraints in incentive contracts. We extend the traditional moral-hazard benchmark model
with multi-tasking and linear incentive contracts by letting the principal choose the amount ...
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