Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101666
Authors: 
Wahl, Jack E.
Year of Publication: 
1988
Series/Report no.: 
Diskussionsbeiträge: Serie II, Sonderforschungsbereich 178 "Internationalisierung der Wirtschaft", Universität Konstanz 75
Abstract: 
The economic influence of barriers to international information acquisition and, hence, of informational segmentation in international capital markets depends heavily upon the prevailing level of risk aversion. We find that these barriers are likely to have second order economic impact only. Furthermore, improving international informational integration is likely to Increase all asset prices when causing less heterogeneity of international subjective probability beliefs.
Document Type: 
Working Paper

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