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The Insurance is the Lemon: Failing to Index Contracts

Benjamin Hebert , Barney Hartman-Glaser   Jan 07,2019

We model the widespread failure of contracts to share risk using available indices. A borrower and lender can share risk... Read More

Selling to Advised Buyers

Andrey Malenko , Anton Tsoy   Dec 14,2016

In many cases, buyers are not fully informed about their valuations and rely on the advice of biased experts. For... Read More