Thomas Philippon, Cecilia Parlatore Apr 26,2022
We develop a tractable framework to study the optimal design of stress scenarios. A principal wants to manage the unknown risk... Read More
Qing Liu, Lucy White , Andrea Buffa Sep 15,2021
Most of the literature on organizational design and incentives assumes public contracting. Yet most real world compensation contracts are private... Read More
Ivan Marinovic , Martin Szydlowski Sep 22,2020
We study the disclosure policy of a regulator overseeing a monitor with reputation concerns, such as a bank or... Read More
Semih Uslu Mar 27,2019
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
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, 2021, (), -Brett Green , William Fuchs , Vladimir Asriyan Nov 05,2019
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, (), -James Dow,Jungsuk Han, Francesco Sangiorgi Sep 20,2018
Will arbitrage capital flow into a market experiencing a liquidity shock, mitigating the adverse effect of the shock on price... Read More
Briana Chang , Martin Szydlowski Sep 21,2018
We present a model of the market for advice in which advisers have conflicts of interest and compete for... Read More
Alice Hsiaw, Ing-Haw Cheng Dec 14,2018
Why do individuals interpret the same information differently? We propose that individuals follow Bayes' Rule when forming posteriors with one exception:... Read More
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