Tomy Lee
Institution
Central European University
PhD Year
2018
leeso@ceu.edu
FTG Membership
Member
Website
https://sites.google.com/view/tomylee/home
Featured Work
Aug 4, 2025
Running Responsibly
Prosocial banks avoided panic runs despite weak fundamentals. We show that socially responsible investments deter panic runs in any global game with nonrival public goods, even if every depositor is atomistic, rational, and selfish. We study financial and social impacts of divestment in our tractable framework. Divestments generate financial gains whenever they positively assort the public goods from bank investments and the depositors’ sensitivity to...
