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
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
Jason Allen, Milena Wittwer Jul 18,2023
Working Paper No.00109-00
In traditional over-the-counter markets, investors trade bilaterally through intermediaries. We assess whether and how to shift trades on a centralized... Read More
Jason Allen, Milena Wittwer Jul 18,2023
Working Paper No.00110-00
We examine how intermediary capitalization affects asset prices in a framework that allows for intermediary market power. We introduce a... Read More
Shiyang Huang , Alexandr Kopytov Jul 22,2023
Working Paper No.00112-00
We build a model analyzing optimal environmental regulation in the presence of socially responsible investors. Investors care about sustainability of... Read More
Shiyang Huang , Alexandr Kopytov Jul 22,2023
Working Paper No.00112-00
We build a model analyzing optimal environmental regulation in the presence of socially responsible investors. Investors care about sustainability of... Read More
Shiyang Huang , Alexandr Kopytov Jul 22,2023
Working Paper No.00112-00
We build a model analyzing optimal environmental regulation in the presence of socially responsible investors. Investors care about sustainability of... Read More
Shiyang Huang , Alexandr Kopytov Jul 22,2023
Working Paper No.00112-00
We build a model analyzing optimal environmental regulation in the presence of socially responsible investors. Investors care about sustainability of... Read More
Shiyang Huang , Alexandr Kopytov Jul 22,2023
Working Paper No.00112-00
We build a model analyzing optimal environmental regulation in the presence of socially responsible investors. Investors care about sustainability of... Read More
Shiyang Huang , Alexandr Kopytov Jul 22,2023
Working Paper No.00112-00
We build a model analyzing optimal environmental regulation in the presence of socially responsible investors. Investors care about sustainability of... Read More