Jerome Dugast, Pierre-Olivier Weill , Semih Uslu Sep 29,2021
Should regulators encourage the migration of trade from over-the-counter (OTC) to centralized markets? To address this question, we study a... Read More
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
Christian Heyerdahl-Larsen, Philipp Illeditsch Dec 13,2019
We develop an overlapping generations model with disagreement about the cross-sectional distribution of investors’ preferences and beliefs. This disagreement implies... Read More
Benjamin Lester,Ali Shourideh,Venky Venkateswaran, Ariel Zetlin-Jones Jul 06,2018
We incorporate a search-theoretic model of imperfect competition into an otherwise standard model of asymmetric information with unrestricted contracts.... Read More