Issuer Quality and the Credit Cycle -- by Robin Greenwood, Samuel G. Hanson
We show that the credit quality of corporate debt issuers deteriorates during credit booms, and that this deterioration forecasts low excess returns to corporate bondholders. The key insight is that...
View ArticleThe Empirical Content of Models with Multiple Equilibria in Economies with...
We study a general class of models with social interactions that might display multiple equilibria. We propose an estimation procedure for these models and evaluate its efficiency and computational...
View ArticlePolicy Response to Pandemic Influenza: The Value of Collective Action -- by...
This paper examines positive externalities and complementarities in the use of antiviral pharmaceuticals to mitigate pandemic influenza. The paper demonstrates the presence of treatment externalities...
View ArticlePay for Percentile -- by Gadi Barlevy, Derek Neal
We analyze an incentive pay scheme for educators that links educator compensation to the ranks of their students within appropriately defined comparison sets, and we show that under certain conditions...
View ArticleConnected Substitutes and Invertibility of Demand -- by Steven T. Berry, Amit...
We consider the invertibility of a nonparametric nonseparable demand system. Invertibility of demand is important in several contexts, including identification of demand, estimation of demand, testing...
View ArticleNegotiating with Labor Under Financial Distress -- by Efraim Benmelech,...
We analyze how firms renegotiate labor contracts to extract concessions from labor. While anecdotal evidence suggests that firms tend to renegotiate down wages in times of financial distress, there is...
View ArticleCustomer Capital -- by Francois Gourio, Leena Rudanko
Firms spend substantial resources on marketing and selling. Interpreting this as evidence of frictions in product markets, which require firms to spend resources on customer acquisition, this paper...
View ArticleThe Oregon Health Insurance Experiment: Evidence from the First Year -- by...
In 2008, a group of uninsured low-income adults in Oregon was selected by lottery to be given the chance to apply for Medicaid. This lottery provides a unique opportunity to gauge the effects of...
View ArticleStage Team Trade : Stage Java/J2EE Finance de marche (6 mois).+ Ingenieur en...
Stage Team Trade : Stage Java/J2EE Finance de marche (6 mois).+ Ingenieur en dernier... http://bit.ly/ieFTgX VIE finance 18
View Article@FT Hedge Funds News | Hedge funds bet against Italian bonds US hedge funds...
@FT Hedge Funds News | Hedge funds bet against Italian bonds US hedge funds are placi © The Financial Times Limited 2011 http://t.co/AWKRR9j
View Article@Erockers The hedge fund manager who made $4.9billion last year and paid 15%...
@Erockers The hedge fund manager who made $4.9billion last year and paid 15% tax on it--he suggests our tax code could use some revision.
View ArticleLooking to transform IdeaStorms.com into a hedge fund focusing on new ideas...
Looking to transform IdeaStorms.com into a hedge fund focusing on new ideas and innovation. Any interested fund managers or investors?
View ArticleRT I need some help with an #rstats program, preferably in NYC. I can't...
RT I need some help with an #rstats program, preferably in NYC. I can't figure out what is going wrong. RT @Pet... http://bit.ly/qkqpf1
View Article#HFT Regulators see risks in high frequency trading, but lack answers...
#HFT Regulators see risks in high frequency trading, but lack answers http://goo.gl/dgLIY (The Globe and Mail)
View Article#HFT Andrew Haldane calls for speed limits on high frequency trading...
#HFT Andrew Haldane calls for speed limits on high frequency trading http://goo.gl/PKTvH (FX-MM)
View Articlemoneyscience: Market Microstructure Research - http://bit.ly/pHIeHs
moneyscience: Market Microstructure Research - http://bit.ly/pHIeHs
View Article@jimcramer blasts the SEC, the stock exchanges and High Frequency Trading...
@jimcramer blasts the SEC, the stock exchanges and High Frequency Trading http://bit.ly/opRiIe $$
View ArticleHigh frequency trading smooths volatility: High frequency trading has been...
High frequency trading smooths volatility: High frequency trading has been labelled as a potential systemic r... http://on.ft.com/mYvmH0
View ArticleHigh frequency trading smooths volatility: High frequency trading has been...
High frequency trading smooths volatility: High frequency trading has been labelled as a potential systemic r... http://on.ft.com/mYvmH0
View ArticleRT @JoeSaluzzi: @jimcramer blasts the SEC, the stock exchanges and High...
RT @JoeSaluzzi: @jimcramer blasts the SEC, the stock exchanges and High Frequency Trading http://bit.ly/opRiIe $$
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