nep-fle New Economics Papers
on Financial Literacy and Education
Issue of 2021‒10‒11
one paper chosen by

  1. Investors' Information Choice By Astaiza-Gómez, José Gabriel

  1. By: Astaiza-Gómez, José Gabriel
    Abstract: I estimate a demand model for online services of financial data, from a random parameters or mixed logit model, using a sample with searches at Bloomberg Terminals and at the EDGAR system. My preliminary results suggest that the substitution investors make of financial information providers, are affected by the subscription prices, investors' expectations on stock returns, and investors' income.
    Keywords: random parameters, open access services, subscription providers, market shares.
    JEL: D80 D82 D83 D84 G00 G14 G23 L86
    Date: 2021

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