Finance Theory Group

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat Jul 07,2021

Working Paper No.00014-02

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat Jul 07,2021

Working Paper No.00014-02

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat Jul 07,2021

Working Paper No.00014-02

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat Jul 07,2021

Working Paper No.00014-02

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat Jul 07,2021

Working Paper No.00014-02

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More

Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing

Johan Hombert, Bruno Biais , Pierre-Olivier Weill Mar 29,2021

Working Paper No.00070-00

Incentive problems make securities’ payoffs imperfectly pledgeable, limiting agents’ ability to issue liabilities. We analyze the equilibrium consequences of such... Read More