Lorenzo Garlappi , Daniel Andrei May 12,2025
Working Paper No.00152-00
Regulating externalities is particularly challenging in the presence of uncertainty and disagreement among economic agents. Traditional Pigouvian and Coasean approaches... Read More
Markus Baldauf Joshua Mollner May 17,2024
Working Paper No.00096-01
When seeking to trade in over-the-counter markets, institutional investors typically restrict both the number of potential counterparties they contact and... Read More
Published: Journal of Political Economy, 2024, 132(5), 1603-1641Anton Tsoy , Nicolas Inostroza Jul 11,2023
Working Paper No.00105-00
An asset owner designs an asset-backed security and a signal about its value. After privately observing the signal, he sells... Read More