Guner Velioglu, Semih Uslu Feb 06,2024
Working Paper No.00138-00
We develop a dynamic model of a multi-asset over-the-counter (OTC) market that operates via search and bargaining and empirically test... Read More
Markus Baldauf Joshua Mollner May 17,2024
Working Paper No.00096-01
When seeking to trade in over-the-counter markets, institutional investors typically restrict both the number of potential counterparties they contact and... Read More
Published: Journal of Political Economy, 2024, 132(5), 1603-1641christoph frei, Markus Baldauf Joshua Mollner Jun 12,2024
Working Paper No.00095-02
We study the optimal execution problem in a principal-agent setting. A client contracts to purchase from a dealer. The dealer... Read More
Published: Journal of Financial Economics, 2024, 160(), 103901-Ana Babus , Cecilia Parlatore Apr 30,2021
Working Paper No.00071-00
We study the determinants of asset market fragmentation in a model with strategic investors that disagree about the value of... Read More
Published: Journal of Financial Economics, 2022, 145(), 876-908Semih Uslu Mar 27,2019
Working Paper No.00050-00
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), 2079-2140