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Optimal Integration: Human, Machine, and Generative AI

Hongda Zhong   Jan 18,2025

Working Paper No.00146-00

I study the optimal integration of humans and technologies in multi-layered decision-making processes. Each layer can correct existing errors but... Read More

Dynamic Coordination and Bankruptcy Regulations

Zhen Zhou, Hongda Zhong   Jan 18,2025

Working Paper No.00147-00

Many regulations aim at promoting coordination among creditors in bankruptcy by ex post restricting their ability to exit distressed firms.... Read More

Dynamic Coordination and Bankruptcy Regulations

Zhen Zhou, Hongda Zhong   Jan 18,2025

Working Paper No.00147-00

Many regulations aim at promoting coordination among creditors in bankruptcy by ex post restricting their ability to exit distressed firms.... Read More

The Evolution of the Market for Corporate Control

Samuel Lee, Mike Burkart , Paul Voss   Feb 02,2024

Working Paper No.00137-00

In a canonical takeover model we let an informed large shareholder choose between making a bid or initiating a sale... Read More

Free entry in a Cournot market with overlapping ownership

Orestis Vravosinos, Xavier Vives   Aug 01,2024

Working Paper No.00130-02

We examine the effects of overlapping ownership among existing firms deciding whether to enter a product market. We show that... Read More

Free entry in a Cournot market with overlapping ownership

Orestis Vravosinos, Xavier Vives   Aug 01,2024

Working Paper No.00130-02

We examine the effects of overlapping ownership among existing firms deciding whether to enter a product market. We show that... Read More

Free entry in a Cournot market with overlapping ownership

Orestis Vravosinos, Xavier Vives   Aug 01,2024

Working Paper No.00130-02

We examine the effects of overlapping ownership among existing firms deciding whether to enter a product market. We show that... Read More

Free entry in a Cournot market with overlapping ownership

Orestis Vravosinos, Xavier Vives   Aug 01,2024

Working Paper No.00130-02

We examine the effects of overlapping ownership among existing firms deciding whether to enter a product market. We show that... Read More

Information Technology and Lender Competition

Zhiqiang Ye, Xavier Vives   Aug 01,2024

Working Paper No.00129-01

We study how information technology (IT) affects lender competition, entrepreneurs’ investment, and welfare in a spatial model. The effects of... Read More

Fintech Entry, Lending Market Competition, and Welfare

Zhiqiang Ye, Xavier Vives   Aug 01,2024

Working Paper No.00141-00

We study fintech entry and how it affects competition, investment, and welfare in a spatial model. We find that fintechs... Read More