Yan Xiong , Uday Rajan Jan 26,2025
Working Paper No.00148-00
We study a credit market in which lending decisions depend on a borrower's digital profile, and the borrower can manipulate... Read More
Thomas Philippon, Cecilia Parlatore Sep 25,2023
Working Paper No.00074-01
We study the optimal design of stress scenarios. A principal manages the unknown risk exposures of agents by asking them to... Read More
Aydogan Alti, Jonathan Cohn Nov 01,2022
Working Paper No.00083-00
We present a model in which informed experts intermediate in the market for going public by acquiring private firms and... Read More
Batchimeg Sambalaibat Jul 07,2021
Working Paper No.00072-00
I build a search model of bond and credit default swap (CDS) markets with endogenous investor participation and show that... Read More
Briana Chang , Martin Szydlowski Sep 21,2018
Working Paper No.00046-00
We present a model of the market for advice in which advisers have conflicts of interest and compete for... Read More
Brian Waters , Edward Van Wesep Dec 17,2018
Working Paper No.00048-00
We present a general equilibrium model of labor market ows that features a periodic equilibrium in which turnover is high... Read More