Brett Green , William Fuchs , Vladimir Asriyan Nov 05,2019
Working Paper No.00032-01
How effectively does a decentralized marketplace aggregate information that is dispersed throughout the economy? We study this question in a... Read More
Published: Journal of Economic Theory, 2021, (), -Luc Laeven,Alberto Martin, Vladimir Asriyan Nov 05,2019
Working Paper No.00054-00
We develop a new theory of information production during credit booms. Entrepreneurs need credit to undertake investment projects, some of... Read More
Published: Review of Economic Studies, 2021, (), -Martin Oehmke , Adam Zawadowski Nov 18,2019
Working Paper No.00055-00
This paper presents an equilibrium theory of product complexity. Complex products generate higher potential value, but require more attention from... Read More
Christian Heyerdahl-Larsen, Philipp Illeditsch Dec 13,2019
Working Paper No.00058-00
We develop an overlapping generations model with disagreement about the cross-sectional distribution of investors’ preferences and beliefs. This disagreement implies... Read More
Alejandro Rivera, Tak-Yuen Wong, Alejandro Rivera, Tak-Yuen Wong, Dirk Hackbarth Jan 14,2018
Working Paper No.00020-00
This paper studies incentives in a dynamic contracting framework of a levered firm. In particular, the manager selects long-term and... Read More
Peter Kondor , Adam Zawadowski Mar 12,2018
Working Paper No.00031-00
We study a capital reallocation problem in which investors can enter into a new market where they compete with each other... Read More
luis garicano,luis rayo, William Fuchs Jul 30,2018
Working Paper No.00042-09
We study contractual arrangements that support an efficient use of time in a knowledge- intensive economy in which agents... Read More
Briana Chang , Martin Szydlowski Sep 21,2018
Working Paper No.00046-00
We present a model of the market for advice in which advisers have conflicts of interest and compete for... Read More
Brian Waters , Edward Van Wesep Dec 17,2018
Working Paper No.00048-00
We present a general equilibrium model of labor market ows that features a periodic equilibrium in which turnover is high... Read More
Ravi Bansal, Ravi Bansal, Hengjie Ai Jan 06,2017
Working Paper No.00009-00
The paper develops a theory for equity premium around macroeconomic announcements. Stock returns realized around pre-scheduled macroeconomic announcements, such as... Read More