Browsing by Author "Gil-Bazo, Javier"

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  • Dumitrescu, Ariadna; Gil-Bazo, Javier (2015-03-01)
    We build a model of mutual fund competition in which a fraction of investors ("unsophisticated") exhibit a preference for familiarity. Funds differ both in their quality and their visibility: While unsophisticated investors ...
  • Gil-Bazo, Javier; Moreno, David; Tapia, Mikel; Abad, David (Taylor & Francis, 2007)
    En este trabajo se estudia la formación de precios en un mercado artificial de doble subasta continua con agentes heterogéneos, tanto en términos de eficiencia informativa como en términos de sus propiedades estadísticas. ...
  • Gil-Bazo, Javier (Wiley, 2006)
    Boudry and Gray (2003) have documented that the optimal buy-and-hold demand for Australian stocks is not necessarily increasing in the investment horizon when returns are predictable. Such finding is in contrast with ...
  • Dumitrescu, Ariadna; Gil-Bazo, Javier (2012-04-01)
    If there are diseconomies of scale in asset management, any predictability in mutual fund performance will be arbitraged away by rational investors seeking funds with the highest expected performance (Berk and Green, 2004). ...