Papers

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Fintech Entry, Lending Market Competition, and Welfare

Zhiqiang Ye, Xavier Vives   Aug 01,2024

Working Paper No.00141-00

We study fintech entry and how it affects competition, investment, and welfare in a spatial model. We find that fintechs... Read More

Cournot Competition, Informational Feedback, and Real Efficiency

Xiaohong Huang,Siguang Li,Jian Ni, Lin William Cong (叢林)   Nov 21,2024

Working Paper No.00143-00

We revisit the relationship between firm competition and real efficiency in a novel setting with informational feedback from financial markets.... Read More

Cournot Competition, Informational Feedback, and Real Efficiency

Xiaohong Huang,Siguang Li,Jian Ni, Lin William Cong (叢林)   Nov 21,2024

Working Paper No.00143-00

We revisit the relationship between firm competition and real efficiency in a novel setting with informational feedback from financial markets.... Read More

Blockchain for Environmental Monitoring: Theory and Empirical Evidence from China

Yuanyu Qu,Guojun Wang, Lin William Cong (叢林)   Nov 21,2024

Working Paper No.00144-00

We present the first piece of empirical evidence on blockchain adoption for environmental monitoring. Using a staggered difference-in-difference (DID) framework,... Read More

Blockchain for Environmental Monitoring: Theory and Empirical Evidence from China

Yuanyu Qu,Guojun Wang, Lin William Cong (叢林)   Nov 21,2024

Working Paper No.00144-00

We present the first piece of empirical evidence on blockchain adoption for environmental monitoring. Using a staggered difference-in-difference (DID) framework,... Read More

Blockchain for Environmental Monitoring: Theory and Empirical Evidence from China

Yuanyu Qu,Guojun Wang, Lin William Cong (叢林)   Nov 21,2024

Working Paper No.00144-00

We present the first piece of empirical evidence on blockchain adoption for environmental monitoring. Using a staggered difference-in-difference (DID) framework,... Read More

Blockchain for Environmental Monitoring: Theory and Empirical Evidence from China

Yuanyu Qu,Guojun Wang, Lin William Cong (叢林)   Nov 21,2024

Working Paper No.00144-00

We present the first piece of empirical evidence on blockchain adoption for environmental monitoring. Using a staggered difference-in-difference (DID) framework,... Read More

Blockchain for Environmental Monitoring: Theory and Empirical Evidence from China

Yuanyu Qu,Guojun Wang, Lin William Cong (叢林)   Nov 21,2024

Working Paper No.00144-00

We present the first piece of empirical evidence on blockchain adoption for environmental monitoring. Using a staggered difference-in-difference (DID) framework,... Read More

A Theory of Socially Responsible Investment

Marcus Opp , Martin Oehmke   Mar 27,2023

Working Paper No.00093-00

We characterize the conditions under which a socially responsible (SR) fund induces firms to reduce externalities, even when profit-seeking capital... Read More

Screening with Securities

Nicolas Figueroa, Nicolas Inostroza   Apr 26,2023

Working Paper No.00097-00

A liquidity-constrained asset owner designs an asset-backed security to raise funds from an informed liquidity supplier. Information insensitive securities reduce... Read More