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Financing a Black Box: Dynamic Investment with Persistent Private Information

Felix Feng   Nov 03,20200

This paper studies the implication of persistent private information on a firm’s optimal financing and investment policies. In a dynamic... Read More

Compensation in High Finance: A Theory of Periodic Labor Markets and Guaranteed Bonuses

Brian Waters , Edward Van Wesep   Dec 17,2018

We present a general equilibrium model of labor market ows that features a periodic equilibrium in which turnover is high... Read More