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Optimal Integration: Human, Machine, and Generative AI

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

Dynamic Coordination and Bankruptcy Regulations

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

Dynamic Coordination and Bankruptcy Regulations

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

The Evolution of the Market for Corporate Control

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

Financial Restructuring and Resolution of Banks

Denis Gromb (in memoriam) Jean-Edouard Colliard   Mar 22,2024

Working Paper No.00065-01

How do resolution frameworks affect the private restructuring of distressed banks? We model a bank’s shareholders and creditors negotiating a... Read More

Block Trade Contracting

christoph frei, Markus Baldauf Joshua Mollner   Jun 12,2024

Working Paper No.00095-02

We study the optimal execution problem in a principal-agent setting. A client contracts to purchase from a dealer. The dealer... Read More

Published: Journal of Financial Economics, 2024, 160(), 103901-

Free entry in a Cournot market with overlapping ownership

Orestis Vravosinos, Xavier Vives   Aug 01,2024

Working Paper No.00130-02

We examine the effects of overlapping ownership among existing firms deciding whether to enter a product market. We show that... Read More

Free entry in a Cournot market with overlapping ownership

Orestis Vravosinos, Xavier Vives   Aug 01,2024

Working Paper No.00130-02

We examine the effects of overlapping ownership among existing firms deciding whether to enter a product market. We show that... Read More

Free entry in a Cournot market with overlapping ownership

Orestis Vravosinos, Xavier Vives   Aug 01,2024

Working Paper No.00130-02

We examine the effects of overlapping ownership among existing firms deciding whether to enter a product market. We show that... Read More

Free entry in a Cournot market with overlapping ownership

Orestis Vravosinos, Xavier Vives   Aug 01,2024

Working Paper No.00130-02

We examine the effects of overlapping ownership among existing firms deciding whether to enter a product market. We show that... Read More