Project description DEENESFRITPL Investigating information acquisition in financial situations One of the many questions the economic sciences are trying to understand is the effects of varying data among market agents and the acquisition of data within markets. The ERC-funded Endogenous_Info project aims to investigate these questions and increase our understanding of the acquisition and impact of the use of improved data in heterogeneous opportunities. To accomplish this, the project will employ a pioneering approach that incorporates non-trivial heterogeneity in the setting of endogenous information acquisition. Ultimately, the objective is to develop micro-foundations for informed trading and arrive at a conclusive understanding of the macro-level implications of diverse information on global economic phenomena. Show the project objective Hide the project objective Objective Are financial markets informationally efficient? Are some economic agents more informed than others? What is the impact of such heterogeneity on asset prices? These questions, of great economic significance, have permeated academic and business circles over the last few decades. Despite significant progress on the theoretical and empirical fronts relatively little is known about how information is endogenously acquired and processed in markets by agents with differential access to information and facing heterogeneous opportunities.Using the novel setting of endogenous information acquisition with non-trivial heterogeneity the project has two goals: (A) to lay out micro foundations for informed trading in investment and corporate settings using the contexts of illegal insider trading and household finance; (B) to investigate macro implications of heterogeneous information for global economic phenomena such as income inequality, organizational design, and market power. Fields of science social scienceseconomics and businesseconomicssocial sciencessociologysocial issuessocial inequalitiessocial sciencessociologyglobalization Programme(s) H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC) Main Programme Topic(s) ERC-CoG-2015 - ERC Consolidator Grant Call for proposal ERC-2015-CoG See other projects for this call Funding Scheme ERC-COG - Consolidator Grant Host institution IMPERIAL COLLEGE OF SCIENCE TECHNOLOGY AND MEDICINE Net EU contribution € 1 588 958,75 Address SOUTH KENSINGTON CAMPUS EXHIBITION ROAD SW7 2AZ LONDON United Kingdom See on map Region London Inner London — West Westminster Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 1 588 958,75 Beneficiaries (1) Sort alphabetically Sort by Net EU contribution Expand all Collapse all IMPERIAL COLLEGE OF SCIENCE TECHNOLOGY AND MEDICINE United Kingdom Net EU contribution € 1 588 958,75 Address SOUTH KENSINGTON CAMPUS EXHIBITION ROAD SW7 2AZ LONDON See on map Region London Inner London — West Westminster Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 1 588 958,75
