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Free entry in a Cournot market with overlapping ownership

Orestis Vravosinos, Xavier Vives   Dec 04,2023

Working Paper No.00130-01

We examine the effects of overlapping ownership among existing firms deciding whether to enter a product market. We show that... Read More

Free entry in a Cournot market with overlapping ownership

Orestis Vravosinos, Xavier Vives   Dec 04,2023

Working Paper No.00130-01

We examine the effects of overlapping ownership among existing firms deciding whether to enter a product market. We show that... Read More

Free entry in a Cournot market with overlapping ownership

Orestis Vravosinos, Xavier Vives   Dec 04,2023

Working Paper No.00130-01

We examine the effects of overlapping ownership among existing firms deciding whether to enter a product market. We show that... Read More

Central Bank Digital Currency and Financial Stability

Peter Hoffmann,Agnese Leonello,Davide Porcellacchia, Toni Ahnert   Dec 20,2023

Working Paper No.00100-03

What is the effect of Central Bank Digital Currency (CBDC) on financial stability? We answer this question by studying a model... Read More

Central Bank Digital Currency and Financial Stability

Peter Hoffmann,Agnese Leonello,Davide Porcellacchia, Toni Ahnert   Dec 20,2023

Working Paper No.00100-03

What is the effect of Central Bank Digital Currency (CBDC) on financial stability? We answer this question by studying a model... Read More

The Rise of Factor Investing: "Passive" Security Design and Market Implications

Douglas Xu, Shiyang Huang , Lin William Cong (叢林)   Dec 30,2023

Working Paper No.00133-00

We model financial innovations such as Exchange-Traded Funds, smart beta products, and many index-based vehicles as composite securities (CSs) that... Read More

The Rise of Factor Investing: "Passive" Security Design and Market Implications

Douglas Xu, Shiyang Huang , Lin William Cong (叢林)   Dec 30,2023

Working Paper No.00133-00

We model financial innovations such as Exchange-Traded Funds, smart beta products, and many index-based vehicles as composite securities (CSs) that... Read More

The Rise of Factor Investing: "Passive" Security Design and Market Implications

Douglas Xu, Shiyang Huang , Lin William Cong (叢林)   Dec 30,2023

Working Paper No.00133-00

We model financial innovations such as Exchange-Traded Funds, smart beta products, and many index-based vehicles as composite securities (CSs) that... Read More

The Tokenomics of Staking

Zhiheng He,Ke Tang, Lin William Cong (叢林)   Dec 30,2023

Working Paper No.00134-00

Blockchain-based platforms and decentralized finance prominently features ``staking'': Besides offering a convenience yield for transactions as digital media of exchange,... Read More

The Tokenomics of Staking

Zhiheng He,Ke Tang, Lin William Cong (叢林)   Dec 30,2023

Working Paper No.00134-00

Blockchain-based platforms and decentralized finance prominently features ``staking'': Besides offering a convenience yield for transactions as digital media of exchange,... Read More