BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//jEvents 2.0 for Joomla//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
UID:8a99f61c6d4fa2e229465c58af991f65
CATEGORIES:Seminars
CREATED:20220207T125335
SUMMARY:Lunch Seminar: Simon Martin - University of Dusseldorf
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p><strong>Proliferation in the ETF Industry</strong>” joint with André Rom
 ahn</p><p>Abstract:</p><p style="text-align: justify;">We study the prolife
 ration observed in the ETF industry in the last two decades. This market ex
 hibits considerable price dispersion despite the fact that products are fai
 rly homogeneous. We show that limited investor attention, cast in a model o
 f sequential search, explains the observed patterns very well. Across ETF c
 ategories, average search costs decrease over time, whereas the variance in
 creases, possibly due to the inflow of new investor types.  Search costs ar
 e higher in specialized ETF categories. In counterfactual analysis, we show
  that making information more accessible reduces fees by up to 50%.</p><p> 
 </p>
DTSTAMP:20260404T043024Z
DTSTART:20220221T130000Z
DTEND:20220221T140000Z
SEQUENCE:0
TRANSP:OPAQUE
END:VEVENT
END:VCALENDAR