James Dow , Jungsuk Han Francesco Sangiorgi Jun 24,2024
Working Paper No.00140-00
Will arbitrage capital flow into markets experiencing shocks, mitigating adverse effects on price efficiency? Not necessarily. In a dynamic model... Read More
Laura Veldkamp Jul 10,2023
Working Paper No.00102-00
In the twenty-first century, the most valuable firms in the world are valued primarily for their data. This makes data... Read More
Marcus Opp , Martin Oehmke Mar 27,2023
Working Paper No.00093-00
We characterize the conditions under which a socially responsible (SR) fund induces firms to reduce externalities, even when profit-seeking capital... Read More
Marcus Opp , Martin Oehmke Mar 27,2023
Working Paper No.00093-00
We characterize the conditions under which a socially responsible (SR) fund induces firms to reduce externalities, even when profit-seeking capital... Read More
Nicolas Figueroa, Nicolas Inostroza Apr 26,2023
Working Paper No.00097-00
A liquidity-constrained asset owner designs an asset-backed security to raise funds from an informed liquidity supplier. Information insensitive securities reduce... Read More
Nicolas Inostroza Apr 26,2023
Working Paper No.00098-00
How much information about financial institutions' balance sheets should regulators pass on to the market? To minimize the probability of... Read More
Nicolas Inostroza Apr 26,2023
Working Paper No.00098-00
How much information about financial institutions' balance sheets should regulators pass on to the market? To minimize the probability of... Read More
Yu An Apr 30,2023
Working Paper No.00099-00
I introduce a new approach, model, and definition for analyzing demand effects in asset pricing. My approach generalizes arbitrage pricing,... Read More
Yu An Apr 30,2023
Working Paper No.00099-00
I introduce a new approach, model, and definition for analyzing demand effects in asset pricing. My approach generalizes arbitrage pricing,... Read More
Siguang Li, Lin William Cong (叢林) May 22,2023
Working Paper No.00101-00
With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who... Read More