The market for information and the origin of financial intermediation

Financial Intermediation and Delegated Monitoring

Douglas W. Diamond · The Review of Economic Studies · 1984 · 8.5K citations

Business, Economics, Finance +17

On the Impossibility of Informationally Efficient Markets

Sanford J. Grossman · RePEc: Research Papers in Economics · 1980 · 5.3K citations

Social Sciences, Economics, Information Theory +9

INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION

Richard A. Brealey, Hayne E. Leland, David H. Pyle · The Journal of Finance · 1977 · 4.1K citations · Full text

Business, Economics, Finance +16

Informational Asymmetries, Financial Structure, and Financial Intermediation

Hayne E. Leland, David H. Pyle · The Journal of Finance · 1977 · 3.9K citations

Business, Economics, Finance +16

On the Impossibility of Informationally Efficient Markets

Joseph E. Stiglitz, Sanford J. Grossman · Columbia Academic Commons (Columbia University) · 1980 · 3.7K citations · Full text

Social Sciences, Economics, Information Theory +9