May 03 - May 04, 2019
Tepper School of Business, Carnegie Mellon University
20th Members Meeting of the Finance Theory Group
Friday, May 3, 2019
15:30 - 16:30 Parallel Session 1, Room 1
On the Magnificaction of Small Biases in Decision-making
Shaun William Davies, Edward Dickersin Van Wesep and Brian Waters
Misallocation and Risk Sharing
Hengjie Ai, Anmol Bhandari, Yuchen Chen and Chao Ying
15:30 - 16:30 Parallel Session 1, Room 2
Dealer Funding and Market Liquidity
Max Bruche and John C.F. Kuong
A Theory of Liquidity in Private Equity
Vincent Maurin, David T. Robinson and Per Str¨omberg
16:30 - 17:00 Coffee Break
17:00 - 18:00 Parellel Session 2, Room 1
Endogenous Specialization and Dealer Networks
Batchimeg Sambalaibat
Inventory Management, Dealers’ Connections, and Prices in OTC Markets
Jean-Edouard Colliard, Thierry Foucault and Peter Hoffmann
17:00 - 18:00 Parallel Session 2, Room 2
FinTech Disruption, Payment Data, and Bank Information
Christine A. Parlour, Uday Rajan and Haoxiang Zhu
Information Cascades and Threshold Implementation
Lin William Cong and Yizhou Xiao
18:00 - 19:30 Members Happy Hour (in the Tepper School)
19:30 - Small Group Dinners
Saturday, May 4, 2019
8:30 - 9:00 Breakfast and Registration
09:00 - 10:00 Learning in Financial Markets: Implications for Debt-Equity Conflicts
Jesse Davis and Naveen Gondhi
10:00 - 10:15 Break
10:15 - 11:15 Asymmetric Information and Security Design under Knightian Uncertainty
Andrey Malenko and Anton Tsoy
11:15 - 11:30 Break
11:30 - 12:30 Corporate Liquidity Management under Moral Hazard
Barney Hartman-Glaser, Simon Mayer and Konstantin Milbradt
12:30 - 14:00 Lunch & Members Meeting
14:00 - 15:00 A Theory of Participation in OTC and Centralized Markets
Jerome Dugast, Semih Uslu and Pierre-Olivier Weill
15:00 - 15:15 Break
15:15 - 16:15 The Tragedy of Complexity
Martin Oehmke and Adam Zawadowski
16:15 - Adjourn
Organizers: Selman Erol, Deeksha Gupta, and Ariel Zetlin-Jones
Useful information:
We have reserved hotel rooms at the Hyatt House (Pittsburgh/Bloomfield/Shadyside) (Group Code: G-TFTC) and SpringHill Suites by Marriott (Bakery Square). Both hotels provide convenient access to the Tepper school. The Hyatt House rate is $132 per night and the SpringHill Suites rate is $149 per night. In either case, please reference "CMU-Tepper Finance Theory Conference" when making a reservation and book before April 3, 2019.