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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

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

Trust in Signals and the Origins of Disagreement

Alice Hsiaw, Ing-Haw Cheng   Nov 14,2022

Working Paper No.00047-01

Why do individuals interpret the same information differently? We propose that individuals follow Bayes' Rule when forming posteriors with one exception:... Read More

Providing Incentives with Private Contracts

Qing Liu, Lucy White Andrea Buffa   Nov 18,2022

Working Paper No.00073-01

Agents working together to produce a joint output care about each other’s incentives. Because real world contracts are typically private... Read More

Providing Incentives with Private Contracts

Qing Liu, Lucy White Andrea Buffa   Nov 18,2022

Working Paper No.00073-01

Agents working together to produce a joint output care about each other’s incentives. Because real world contracts are typically private... Read More

Lending and Monitoring: Big Tech vs Banks

Catherine Casamatta,Rui xiong, Matthieu Bouvard   Nov 21,2022

Working Paper No.00087-00

We show that by lending to merchants and monitoring them, an e-commerce platform can price-discriminate between merchants with high and... Read More

Lending and Monitoring: Big Tech vs Banks

Catherine Casamatta,Rui xiong, Matthieu Bouvard   Nov 21,2022

Working Paper No.00087-00

We show that by lending to merchants and monitoring them, an e-commerce platform can price-discriminate between merchants with high and... Read More

Antitrust, Regulation, and User Union in the Era of Digital Platforms and Big Data

Simon Mayer , Lin William Cong (叢林)   Nov 28,2022

Working Paper No.00088-00

We model platform competition with endogenous data generation, collection, and sharing, thereby providing a unifying framework to evaluate data-related regulation... Read More

Antitrust, Regulation, and User Union in the Era of Digital Platforms and Big Data

Simon Mayer , Lin William Cong (叢林)   Nov 28,2022

Working Paper No.00088-00

We model platform competition with endogenous data generation, collection, and sharing, thereby providing a unifying framework to evaluate data-related regulation... Read More

Antitrust, Regulation, and User Union in the Era of Digital Platforms and Big Data

Simon Mayer , Lin William Cong (叢林)   Nov 28,2022

Working Paper No.00088-00

We model platform competition with endogenous data generation, collection, and sharing, thereby providing a unifying framework to evaluate data-related regulation... Read More