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Information, Risk, and Behavior: Evidence From the Public Finance Market / Adam S. Bloomfield.
Connect to full text Available online
View online- Format:
- Book
- Thesis/Dissertation
- Author/Creator:
- Bloomfield, Adam S., author.
- Language:
- English
- Subjects (All):
- Economics.
- Health Care Management & Economics--Penn dissertations.
- Penn dissertations--Health Care Management & Economics.
- Local Subjects:
- Economics.
- Health Care Management & Economics--Penn dissertations.
- Penn dissertations--Health Care Management & Economics.
- Genre:
- Academic theses.
- Physical Description:
- 1 online resource (274 pages)
- Contained In:
- Dissertations Abstracts International 80-07A.
- Place of Publication:
- [Philadelphia, Pennsylvania] : University of Pennsylvania ; Ann Arbor : ProQuest Dissertations & Theses, 2018.
- Language Note:
- English
- System Details:
- Mode of access: World Wide Web.
- text file
- Summary:
- Using ITS design approaches, I analyze the public finance market in the context of a 2012 SCOTUS decision. I find that the court decision had significant effects on investor behavior in the hospital sector of the public finance market as manifested in trade volume and price changes. These effects appear to contradict models of market efficiency and are more consistent with behavioral financial economic theory. These volume and price effects are quite heterogeneous across states in patterns that comport with assumed investor expectations with respect to a quasi-experiment that emerged as a result of the SCOTUS decision. Differences in investor expectations concerning bond risk, among other factors, may explain these effects.
- Notes:
- Source: Dissertations Abstracts International, Volume: 80-07, Section: A.
- Publisher info.: Dissertation/Thesis.
- Advisors: Pauly, Mark V.
- Department: Health Care Management & Economics.
- Ph.D. University of Pennsylvania 2018.
- Local Notes:
- School code: 0175
- ISBN:
- 9780438768796
- Access Restriction:
- Restricted for use by site license.
- This item is not available from ProQuest Dissertations & Theses.
- This item must not be added to any third party search indexes.
- This item must not be sold to any third party vendors.
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