Benjamin Hebert , Barney Hartman-Glaser Jan 08,2019
Working Paper No.00049-00
We model the widespread failure of contracts to share risk using available indices. A borrower and lender can share risk... Read More
Brett Green , Vladimir Asriyan William Fuchs Mar 12,2019
Working Paper No.00034-03
We develop a rational theory of liquidity sentiments in which the market outcome in any given period depends on agents'... Read More
Published: American Economic Review, 2019, (), -Semih Uslu Mar 27,2019
Working Paper No.00050-00
I develop a search-and-bargaining model of endogenous intermediation in over-the-counter markets. Unlike the existing work, my model allows for rich... Read More
Published: Econometrica, 2019, 87(6), 2079-2140Dana Foarta, Vladimir Asriyan Victoria Vanasco Nov 05,2019
Working Paper No.00053-00
We study the joint determination of product quality and complexity in a rational setting. We introduce a novel notion of... Read More
Published: AEJ-Micro, 2023, 15(2), 187-226Brett Green , William Fuchs , Vladimir Asriyan Nov 05,2019
Working Paper No.00032-01
How effectively does a decentralized marketplace aggregate information that is dispersed throughout the economy? We study this question in a... Read More
Published: Journal of Economic Theory, 2021, (), -Luc Laeven,Alberto Martin, Vladimir Asriyan Nov 05,2019
Working Paper No.00054-00
We develop a new theory of information production during credit booms. Entrepreneurs need credit to undertake investment projects, some of... Read More
Published: Review of Economic Studies, 2021, (), -Martin Oehmke , Adam Zawadowski Nov 18,2019
Working Paper No.00055-00
This paper presents an equilibrium theory of product complexity. Complex products generate higher potential value, but require more attention from... Read More
Christian Heyerdahl-Larsen, Philipp Illeditsch Dec 13,2019
Working Paper No.00058-00
We develop an overlapping generations model with disagreement about the cross-sectional distribution of investors’ preferences and beliefs. This disagreement implies... Read More
Alejandro Rivera, Tak-Yuen Wong, Alejandro Rivera, Tak-Yuen Wong, Dirk Hackbarth Jan 14,2018
Working Paper No.00020-00
This paper studies incentives in a dynamic contracting framework of a levered firm. In particular, the manager selects long-term and... Read More
Peter Kondor , Adam Zawadowski Mar 12,2018
Working Paper No.00031-00
We study a capital reallocation problem in which investors can enter into a new market where they compete with each other... Read More