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Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing

Johan Hombert, Bruno Biais , Pierre-Olivier Weill   Mar 29,2021

Incentive problems make securities’ payoffs imperfectly pledgeable, limiting agents’ ability to issue liabilities. We analyze the equilibrium consequences of such... Read More

Strategic Fragmented Markets

Ana Babus , Cecilia Parlatore   Apr 30,20210

We study the determinants of asset market fragmentation in a model with strategic investors that disagree about the value of... Read More

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat   Jul 07,2021

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat   Jul 07,2021

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat   Jul 07,2021

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat   Jul 07,2021

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat   Jul 07,2021

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat   Jul 07,2021

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat   Jul 07,2021

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More

Endogenous Specialization and Dealer Networks

Batchimeg Sambalaibat   Jul 07,2021

We build a directed search model of network formation. We propose that a core-periphery interdealer network arises from dealer specialization. Read More