‘Uninformed’ investors vs. regulators: a dilemma of event studies

This morning I came across a critical argument regarding event studies that attempt to measure the market impact of competition enforcement (in competition policy event studies are often used for events such as mergers and acquisitions, cartels, or regulatory change). The author argued that event studies presume ‘that the instant analysis of uninformed investors is more accurate than the painstaking work of enforcement agencies with access to confidential documents and data’ Read more of this post


Students and cash machines

After short hesitation I decided that instead of taking my older ideas out of the bag, I will write my first blog in something completely random that I have just stumbled upon. Read more of this post