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UID:8a99f61c6d4fa2e229465c58af991f65
CATEGORIES:Seminars
CREATED:20220207T125335
SUMMARY:Lunch Seminar: Simon Martin - University of Dusseldorf
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nProliferation in the ETF Industry” joint with André Romahn\n\n\nAbstrac
 t:\nWe study the proliferation observed in the ETF industry in the last two
  decades. This market exhibits considerable price dispersion despite the fa
 ct that products are fairly homogeneous. We show that limited investor atte
 ntion, cast in a model of sequential search, explains the observed patterns
  very well. Across ETF categories, average search costs decrease over time,
  whereas the variance increases, possibly due to the inflow of new investor
  types.  Search costs are higher in specialized ETF categories. In counterf
 actual analysis, we show that making information more accessible reduces fe
 es by up to 50%.\n\n\n \n
DTSTAMP:20260404T042844Z
DTSTART:20220221T130000Z
DTEND:20220221T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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