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
Ivan Marinovic , Martin Szydlowski Sep 22,2020
We study the disclosure policy of a regulator overseeing a monitor with reputation concerns, such as a bank or... Read More
Brett Green , William Fuchs , Vladimir Asriyan Nov 05,20190
How effectively does a decentralized marketplace aggregate information that is dispersed throughout the economy? We study this question in a... Read More
Brian Waters , Edward Van Wesep Dec 17,2018
We present a general equilibrium model of labor market ows that features a periodic equilibrium in which turnover is high... Read More
Darrell Duffie , Haoxiang Zhu Jul 06,2018
Size-discovery mechanisms allow large quantities of an asset to be exchanged at a price that does not respond to... Read More