Many regulations aim at promoting coordination among creditors in bankruptcy by ex post restricting their ability to exit...

We develop a model of financial intermediation with remunerated Central Bank Digital Currency (CBDC) as consumers’ alternative to...

We study a credit market in which lending decisions depend on a borrower's digital profile, and the borrower...

Complexity can create value. At the same time, understanding more complex goods requires more of an agent’s attention....

I study the optimal integration of humans and technologies in multi-layered decision-making processes. Each layer can correct existing...

Regulating externalities is particularly challenging in the presence of uncertainty and disagreement among economic agents. Traditional Pigouvian and...