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The Insurance is the Lemon: Failing to Index Contracts

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

Liquidity Sentiments

Brett Green , Vladimir Asriyan William Fuchs   Mar 12,2019

We develop a rational theory of liquidity sentiments in which the market outcome in any given period depends on agents' expectations... Read More

Liquidity Sentiments

Brett Green , Vladimir Asriyan William Fuchs   Mar 12,2019

We develop a rational theory of liquidity sentiments in which the market outcome in any given period depends on agents' expectations... Read More

Liquidity Sentiments

Brett Green , Vladimir Asriyan William Fuchs   Mar 12,2019

We develop a rational theory of liquidity sentiments in which the market outcome in any given period depends on agents' expectations... Read More

Liquidity Sentiments

Brett Green , Vladimir Asriyan William Fuchs   Mar 12,2019

We develop a rational theory of liquidity sentiments in which the market outcome in any given period depends on agents' expectations... Read More

A Theory of Participation in OTC and Centralized Markets

Jerome Dugast, Pierre-Olivier Weill , Semih Uslu   Jul 09,2019

Should regulators encourage the migration of trade from over-the-counter (OTC) to centralized markets? To address this question, we consider a... Read More

A Theory of Participation in OTC and Centralized Markets

Jerome Dugast, Pierre-Olivier Weill , Semih Uslu   Jul 09,2019

Should regulators encourage the migration of trade from over-the-counter (OTC) to centralized markets? To address this question, we consider a... Read More

Aggregation and Design of Information in Markets with Adverse Selection

Brett Green , William Fuchs , Vladimir Asriyan   Nov 05,20190

How effectively does a decentralized marketplace aggregate information that is dispersed throughout the economy? We study this question in a... Read More

Aggregation and Design of Information in Markets with Adverse Selection

Brett Green , William Fuchs , Vladimir Asriyan   Nov 05,20190

How effectively does a decentralized marketplace aggregate information that is dispersed throughout the economy? We study this question in a... Read More

Aggregation and Design of Information in Markets with Adverse Selection

Brett Green , William Fuchs , Vladimir Asriyan   Nov 05,20190

How effectively does a decentralized marketplace aggregate information that is dispersed throughout the economy? We study this question in a... Read More