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Blockchain Adoption in a Supply Chain with Manufacturer Market Power

Garud Iyengar,Jay Sethuraman,Wenjun Wang, Fahad Saleh   Oct 17,2023

Working Paper No.00079-01

We examine a supply chain with a single risk-averse manufacturer who purchases from suppliers and sells to consumers. Within this... Read More

Banks vs. Firms: Who Benefits from Credit Guarantees?

Alberto Martin,Sergio Mayordomo, Victoria Vanasco   Nov 14,2023

Working Paper No.00108-01

Governments often support private credit through guarantee schemes, which compen-sate private lenders in the event of borrower default. A key... Read More

Banks vs. Firms: Who Benefits from Credit Guarantees?

Alberto Martin,Sergio Mayordomo, Victoria Vanasco   Nov 14,2023

Working Paper No.00108-01

Governments often support private credit through guarantee schemes, which compen-sate private lenders in the event of borrower default. A key... Read More

Market Integration, Risk-Taking, and Income Inequality

Ron Kaniel , Yizhou Xiao Lin William Cong (叢林)   Dec 30,2023

Working Paper No.00136-00

A pandemic or nationalism can dial back global integration as much as advancements in IT and transportation spur it. We... Read More

Market Integration, Risk-Taking, and Income Inequality

Ron Kaniel , Yizhou Xiao Lin William Cong (叢林)   Dec 30,2023

Working Paper No.00136-00

A pandemic or nationalism can dial back global integration as much as advancements in IT and transportation spur it. We... Read More

Market Integration, Risk-Taking, and Income Inequality

Ron Kaniel , Yizhou Xiao Lin William Cong (叢林)   Dec 30,2023

Working Paper No.00136-00

A pandemic or nationalism can dial back global integration as much as advancements in IT and transportation spur it. We... Read More

Market Integration, Risk-Taking, and Income Inequality

Ron Kaniel , Yizhou Xiao Lin William Cong (叢林)   Dec 30,2023

Working Paper No.00136-00

A pandemic or nationalism can dial back global integration as much as advancements in IT and transportation spur it. We... Read More

Technological Progress and Rent Seeking

Guillermo Ordonez, Vincent Glode   Nov 01,2022

Working Paper No.00082-00

We model firms' allocation of resources between surplus-creating (a.k.a., productive) and surplus-appropriating (a.k.a., rent-seeking) activities. We show that industry-wide technological... Read More

Technological Progress and Rent Seeking

Guillermo Ordonez, Vincent Glode   Nov 01,2022

Working Paper No.00082-00

We model firms' allocation of resources between surplus-creating (a.k.a., productive) and surplus-appropriating (a.k.a., rent-seeking) activities. We show that industry-wide technological... Read More

A Model of Informed Intermediation in the Market for Going Public

Aydogan Alti, Jonathan Cohn   Nov 01,2022

Working Paper No.00083-00

We present a model in which informed experts intermediate in the market for going public by acquiring private firms and... Read More