Investors' Information Choice

José Gabriel Astaíza-Gómez

MPRA Paper from University Library of Munich, Germany

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. (search for similar items in EconPapers)
JEL-codes: D80 D82 D83 D84 G00 G14 G23 L86 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-cfn, nep-cwa, nep-dcm, nep-fle and nep-fmk
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https://mpra.ub.uni-muenchen.de/110008/1/MPRA_paper_110008.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/121950/9/MPRA_paper_121950.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:110008

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