ERC Consolidator Grant · 2024
Diversification: Causes, Consequences, and Welfare Effects
DICACO analyses causes, consequences, and welfare effects of diversification, once equilibrium effects that affect investor welfare and side effects that affect consumers and taxpayers are considered. The analysis informs the question: Is cheap diversification good for society? Sub-projects investigate (i) Theory: whether benefits of diversification that accrue to individual investors viewed in isolation also benefit investors in equilibrium, once effects on asset prices are considered; (ii) Empirics: to which extent diversification motives drive “common ownership” of product market competitors; (iii) Theory and empirics: whether bidding behavior in government procurement auctions depends…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.