Songzi Du, Haoxiang Zhu Jul 06,2018
Working Paper No.00039-00
This paper studies the impact of increasing trading frequency in financial markets on allocative efficiency. We build and solve... Read More
Darrell Duffie , Haoxiang Zhu Jul 06,2018
Working Paper No.00040-00
Size-discovery mechanisms allow large quantities of an asset to be exchanged at a price that does not respond to... Read More
Efstathios Avdis Mar 15,2017
Working Paper No.00013-00
In dynamic financial markets the stochastic supply of risky assets has a significant informational role. Contrary to static models, where... Read More
Published: Journal of Financial Economics, 2016, 122(), 568-584Bilge Yilmaz,Bilge Yilmaz, Yaron Leitner Nov 21,2017
Working Paper No.00016-00
We study a situation in which a regulator relies on risk models that banks produce in order to regulate them.... Read More
Published: Journal of Financial Economics, 2019, 131(2), 251-268Bilge Yilmaz,Bilge Yilmaz, Yaron Leitner Nov 21,2017
Working Paper No.00016-00
We study a situation in which a regulator relies on risk models that banks produce in order to regulate them.... Read More
Published: Journal of Financial Economics, 2019, 131(2), 251-268Efstathios Avdis, Masahiro Watanabe,Efstathios Avdis, Masahiro Watanabe, Efstathios Avdis Mar 15,2017
Working Paper No.00019-00
We present a financial market with investors who have nested private information. Small perturbations of price informativeness, originating from fat-finger... Read More
Alexei Tchistyi , Tomasz Piskorski Dec 28,2017
Working Paper No.00017-00
We develop a tractable general equilibrium framework of housing and mortgage markets with aggregate and idiosyncratic risks, costly liquidity and... Read More
Ivan Marinovic , Paul Povel Jul 08,2018
Working Paper No.00041-00
We study the effects of introducing competition for CEOs, assuming that the talent of CEOs is not observable and... Read More
Published: Journal of Accounting and Economics, 2017, 64(1), 1-14Ivan Marinovic , Paul Povel Jul 08,2018
Working Paper No.00041-00
We study the effects of introducing competition for CEOs, assuming that the talent of CEOs is not observable and... Read More
Published: Journal of Accounting and Economics, 2017, 64(1), 1-14Ivan Marinovic , Paul Povel Jul 08,2018
Working Paper No.00041-00
We study the effects of introducing competition for CEOs, assuming that the talent of CEOs is not observable and... Read More
Published: Journal of Accounting and Economics, 2017, 64(1), 1-14