Papers

RESET

Tags

Tragedy of Complexity

Martin Oehmke , Adam Zawadowski   Nov 18,2019

This paper presents an equilibrium theory of product complexity. Complex products generate higher potential value, but require more attention from... Read More

Demand Disagreement

Christian Heyerdahl-Larsen, Philipp Illeditsch   Dec 13,2019

We develop an overlapping generations model with disagreement about the cross-sectional distribution of investors’ preferences and beliefs. This disagreement implies... Read More

Demand Disagreement

Christian Heyerdahl-Larsen, Philipp Illeditsch   Dec 13,2019

We develop an overlapping generations model with disagreement about the cross-sectional distribution of investors’ preferences and beliefs. This disagreement implies... Read More

Demand Disagreement

Christian Heyerdahl-Larsen, Philipp Illeditsch   Dec 13,2019

We develop an overlapping generations model with disagreement about the cross-sectional distribution of investors’ preferences and beliefs. This disagreement implies... Read More

Pricing and Liquidity in Decentralized Asset Markets

Semih Uslu   Mar 27,20194

I develop a search-and-bargaining model of endogenous intermediation in over-the-counter markets. Unlike the existing work, my model allows for rich... Read More

Published: Econometrica, 2019, 87(6), 2079-2140

Pricing and Liquidity in Decentralized Asset Markets

Semih Uslu   Mar 27,20194

I develop a search-and-bargaining model of endogenous intermediation in over-the-counter markets. Unlike the existing work, my model allows for rich... Read More

Published: Econometrica, 2019, 87(6), 2079-2140

Pricing and Liquidity in Decentralized Asset Markets

Semih Uslu   Mar 27,20194

I develop a search-and-bargaining model of endogenous intermediation in over-the-counter markets. Unlike the existing work, my model allows for rich... Read More

Published: Econometrica, 2019, 87(6), 2079-2140

Pricing and Liquidity in Decentralized Asset Markets

Semih Uslu   Mar 27,20194

I develop a search-and-bargaining model of endogenous intermediation in over-the-counter markets. Unlike the existing work, my model allows for rich... Read More

Published: Econometrica, 2019, 87(6), 2079-2140

Learning in Crowded Markets

Peter Kondor , Adam Zawadowski   Mar 12,2018

We study a capital reallocation problem in which  investors can enter into a new market where they compete with each other... Read More

Learning in Crowded Markets

Peter Kondor , Adam Zawadowski   Mar 12,2018

We study a capital reallocation problem in which  investors can enter into a new market where they compete with each other... Read More