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Intermediary Capital Constraints and Market Power

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

Sustainable finance under regulation

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

Sustainable finance under regulation

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

Sustainable finance under regulation

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

Sustainable finance under regulation

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

Sustainable finance under regulation

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

Externalities of Responsible Investments

Michele Bisceglia,Jan Schneemeier, Alessio Piccolo   Aug 01,2023

Working Paper No.00113-01

We develop a model to study the efficiency of socially responsible investments (SRI) as a market-based mechanism to control firms'... Read More

Externalities of Responsible Investments

Michele Bisceglia,Jan Schneemeier, Alessio Piccolo   Aug 01,2023

Working Paper No.00113-01

We develop a model to study the efficiency of socially responsible investments (SRI) as a market-based mechanism to control firms'... Read More

Asymmetric information, security design, and the pecking (dis)order

Dirk Hackbarth, Paolo Fulghieri , Diego Garcia   Aug 02,2023

Working Paper No.00117-00

We study a security design problem under asymmetric information, in the spirit of Myers and Majluf (1984). We introduce a... Read More

Optimal contracts with privately informed agents and active principals

Diego Garcia   Aug 02,2023

Working Paper No.00119-00

This paper considers an optimal contracting problem between an informed risk-averse agent and a principal, when the agent needs to... Read More