Benjamin Hebert , Barney Hartman-Glaser Jan 07,2019
We model the widespread failure of contracts to share risk using available indices. A borrower and lender can share risk... Read More
Alejandro Rivera, Tak-Yuen Wong, Alejandro Rivera, Tak-Yuen Wong, Dirk Hackbarth Jan 14,2018
This paper studies incentives in a dynamic contracting framework of a levered firm. In particular, the manager selects long-term and... Read More