Zhiqiang Ye, Xavier Vives Aug 01,2024
Working Paper No.00129-01
We study how information technology (IT) affects lender competition, entrepreneurs’ investment, and welfare in a spatial model. The effects of... Read More
Sushil Bikhchandani,omer tamuz,ivo welch, David Hirshleifer Jul 11,2023
Working Paper No.00104-00
We review the theory of information cascades and social learning. Our goal is to describe in a relatively integrated and... Read More
Linda Schilling Aug 03,2023
Working Paper No.00123-00
Policy makers have developed different forms of policy intervention for stopping, or preventing runs on financial firms. This paper... Read More
Qing Liu, Lucy White Andrea Buffa Nov 18,2022
Working Paper No.00073-01
Agents working together to produce a joint output care about each other’s incentives. Because real world contracts are typically private... Read More
Dana Foarta, Vladimir Asriyan Victoria Vanasco Nov 05,2019
Working Paper No.00053-00
We study the joint determination of product quality and complexity in a rational setting. We introduce a novel notion of... Read More
Published: AEJ-Micro, 2023, 15(2), 187-226Florian Hoffmann, Roman Inderst,Florian Hoffmann, Roman Inderst, Marcus Opp Oct 08,2017
Working Paper No.00015-00
We characterize optimal contracts in settings where the principal observes informative signals over time about the agent's one-time action. If... Read More