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A Model of Influencer Economy

Siguang Li, Lin William Cong (叢林)   May 22,2023

Working Paper No.00101-00

With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who... Read More

A Model of Influencer Economy

Siguang Li, Lin William Cong (叢林)   May 22,2023

Working Paper No.00101-00

With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who... Read More

A Model of Influencer Economy

Siguang Li, Lin William Cong (叢林)   May 22,2023

Working Paper No.00101-00

With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who... Read More

The Need for Fees at a DEX: How Increases in Fees Can Increase DEX Trading Volume

Joel Hasbrouck,Thomas Rivera, Fahad Saleh   Jul 10,2023

Working Paper No.00080-01

We demonstrate that increasing trading fees at a decentralized exchange (DEX) can increase DEX trading volume. This result arises due... Read More

The Need for Fees at a DEX: How Increases in Fees Can Increase DEX Trading Volume

Joel Hasbrouck,Thomas Rivera, Fahad Saleh   Jul 10,2023

Working Paper No.00080-01

We demonstrate that increasing trading fees at a decentralized exchange (DEX) can increase DEX trading volume. This result arises due... Read More

Debt Maturity Choice and Aggregate Growth

Orit Milo, Jacob Sagi   Jul 10,2023

Working Paper No.00103-00

We find that a measure of aggregate corporate debt maturity choices strongly predicts real GDP growth. The new measure compares... Read More

Debt Maturity Choice and Aggregate Growth

Orit Milo, Jacob Sagi   Jul 10,2023

Working Paper No.00103-00

We find that a measure of aggregate corporate debt maturity choices strongly predicts real GDP growth. The new measure compares... Read More

Optimal Information and Security Design

Anton Tsoy , Nicolas Inostroza   Jul 11,2023

Working Paper No.00105-00

An asset owner designs an asset-backed security and a signal about its value. After privately observing the signal, he sells... Read More

Short-term debt overhang

Kostas Koufopoulos (York), Pavel Zryumov , Giulio Trigilia   Jul 11,2023

Working Paper No.00106-00

We show that short-term debt in a firm’s optimal capital structure reduces investment under asymmetric information. Investors’ interpretation of underinvestment... Read More

Short-term debt overhang

Kostas Koufopoulos (York), Pavel Zryumov , Giulio Trigilia   Jul 11,2023

Working Paper No.00106-00

We show that short-term debt in a firm’s optimal capital structure reduces investment under asymmetric information. Investors’ interpretation of underinvestment... Read More