Martin Oehmke , Adam Zawadowski Mar 22,2025
Working Paper No.00055-01
Complexity can create value. At the same time, understanding more complex goods requires more of an agent’s attention. We show... Read More
Hongda Zhong Jan 18,2025
Working Paper No.00146-00
I study the optimal integration of humans and technologies in multi-layered decision-making processes. Each layer can correct existing errors but... Read More
Zhen Zhou, Hongda Zhong Jan 18,2025
Working Paper No.00147-00
Many regulations aim at promoting coordination among creditors in bankruptcy by ex post restricting their ability to exit distressed firms.... Read More
Zhen Zhou, Hongda Zhong Jan 18,2025
Working Paper No.00147-00
Many regulations aim at promoting coordination among creditors in bankruptcy by ex post restricting their ability to exit distressed firms.... Read More
Gabor Pinter,Jean-Charles Wijnandts, Semih Uslu Apr 30,2025
Working Paper No.00150-00
We develop a two-asset search-and-bargaining model of OTC trading to estimate frictions and welfare losses in the UK government and... Read More
Jordan Martel May 01,2025
Working Paper No.00151-00
How should we expect firms to communicate with their shareholders in the presence of uncertainty? This paper studies a model... Read More
Lorenzo Garlappi , Daniel Andrei May 12,2025
Working Paper No.00152-00
Regulating externalities is particularly challenging in the presence of uncertainty and disagreement among economic agents. Traditional Pigouvian and Coasean approaches... Read More
Lorenzo Garlappi , Daniel Andrei May 12,2025
Working Paper No.00152-00
Regulating externalities is particularly challenging in the presence of uncertainty and disagreement among economic agents. Traditional Pigouvian and Coasean approaches... Read More
Lorenzo Garlappi , Daniel Andrei May 12,2025
Working Paper No.00152-00
Regulating externalities is particularly challenging in the presence of uncertainty and disagreement among economic agents. Traditional Pigouvian and Coasean approaches... Read More
Samuel Lee, Mike Burkart , Paul Voss Feb 02,2024
Working Paper No.00137-00
In a canonical takeover model we let an informed large shareholder choose between making a bid or initiating a sale... Read More