00:01
Let's discuss problem fourth from an economic analysis and financial structure.
00:07
In this question, we will discuss why are the financial intermediaries willing to engage in information collection activities when investors in financial instruments may be unwilling to do so.
00:22
This is because investors in financial instruments who engage in.
00:42
Gaze in who and gaze an information collection, information collection, face a free rider problem, which means other investors may be able, may be able to benefit to benefit from from their information, their information, without paying for it.
02:02
Paying for individual investors, therefore have inadequate incentives to devote resource to devote resource to greater information.
02:48
Information, together information about borrowers who issues securities...