Anton Tsoy , Andrey Malenko Dec 13,2016
Working Paper No.00004-00
In many cases, buyers are not fully informed about their valuations and rely on the advice of biased experts. For... Read More
Günter Strobl , Simon Gervais Dec 13,2016
Working Paper No.00001-00
We construct and analyze the equilibrium of a model of delegated portfolio management in which money managers signal their investment... Read More
Andrey Malenko , Anton Tsoy Dec 14,2016
Working Paper No.00006-00
In many cases, buyers are not fully informed about their valuations and rely on the advice of biased experts. For... Read More
Patrick Bolton , Martin Oehmke Dec 14,2016
Working Paper No.00007-00
A theory framework to assess how global, too-big-to-fail banks can be successfully resolved by national regulators. Read More
Christine Parlour , Uday Rajan Dec 28,2016
Working Paper No.00012-00
We provide a novel interpretation of the role of credit ratings when contracts between investors and portfolio managers are incomplete.... Read More
Anton Tsoy Dec 28,2016
Working Paper No.00008-00
This paper studies frequent-offer limits of perfect Bayesian equilibria in the alternating-offer bilateral bargaining model with private correlated values. The... Read More
Jonathan Cohn , Günter Strobl Uday Rajan Dec 28,2016
Working Paper No.00003-00
We study a model in which an issuer can manipulate information obtained by a credit rating agency (CRA) seeking to... Read More
Hongda Zhong Dec 30,2016
Working Paper No.00011-00
Firms often choose to raise capital from multiple creditors even though doing so may lead to inefficient liquidation caused by... Read More
Brett Green , William Fuchs , Vladimir Asriyan Jul 06,2018
Working Paper No.00033-00
We study information spillovers in a dynamic setting with correlated assets owned by privately informed sellers. In the model, a... Read More
Published: American Economic Review, 2017, (), -Ivan Marinovic , Paul Povel Jul 08,2018
Working Paper No.00041-00
We study the effects of introducing competition for CEOs, assuming that the talent of CEOs is not observable and... Read More
Published: Journal of Accounting and Economics, 2017, 64(1), 1-14