haku: @author Rosenthal, J. / yhteensä: 3
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| Tekijä: | Hoffman, P. Postel-Vinay, G. Rosenthal, J. |
| Otsikko: | What do notaries do? Overcoming asymmetric information in financial markets: the case of Paris, 1751 |
| Lehti: | Journal of Institutional and Theoretical Economics
1998 : SEP, VOL. 154:3, p. 499-530 |
| Asiasana: | ASYMMETRIC INFORMATION FINANCIAL MARKETS ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | Using evidence from 18th century Paris, the authors explore how financial intermediaries were notaries, and after examining their role in asset markets, the authors develop a more general model of intermediaries' behavior and then test the model using a rich set of data from Paris. Institutions for disseminating information insured that intermediaries provided high quality service, and such institutions were central to the growth of asset markets in pre-industrial Europe. |
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