Market Integration, Risk-Taking, and Income Inequality

Ron Kaniel , Yizhou Xiao Lin William Cong (叢林)   Dec 30,2023

Working Paper No.00136-00

A pandemic or nationalism can dial back global integration as much as advancements in IT and transportation spur it. We... Read More

Lending and Monitoring: Big Tech vs Banks

Catherine Casamatta,Rui xiong, Matthieu Bouvard   Nov 21,2022

Working Paper No.00087-00

We show that by lending to merchants and monitoring them, an e-commerce platform can price-discriminate between merchants with high and... Read More