Thomas Philippon, Cecilia Parlatore Apr 26,2022
We develop a tractable framework to study the optimal design of stress scenarios. A principal wants to manage the unknown risk... Read More
Thomas Philippon, Cecilia Parlatore Apr 26,2022
We develop a tractable framework to study the optimal design of stress scenarios. A principal wants to manage the unknown risk... Read More
Qing Liu, Lucy White Andrea Buffa Nov 18,2022
Agents working together to produce a joint output care about each other’s incentives. Because real world contracts are typically private... Read More
Benjamin Hebert , Barney Hartman-Glaser Jan 08,2019
We model the widespread failure of contracts to share risk using available indices. A borrower and lender can share risk... Read More
Benjamin Lester,Ali Shourideh,Venky Venkateswaran, Ariel Zetlin-Jones Jul 06,2018
We incorporate a search-theoretic model of imperfect competition into an otherwise standard model of asymmetric information with unrestricted contracts.... Read More
Ivan Marinovic , Paul Povel Jul 08,2018
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