Model-independent pricing with insider information: a Skorokhod embedding...
In this paper, we consider the pricing and hedging of a financial derivative for an insider trader, in a model-independent setting. In particular, we suppose that the insider wants to act in a way...
View ArticleRacial and Gender Discrimination in Transportation Network Companies -- by...
Passengers have faced a history of discrimination in transportation systems. Peer transportation companies such as Uber and Lyft present the opportunity to rectify long-standing discrimination or...
View ArticleFactions in Nondemocracies: Theory and Evidence from the Chinese Communist...
This paper investigates theoretically and empirically the factional arrangements and dynamics within the Chinese Communist Party (CCP), the governing political party of the People's Republic of China....
View ArticleSecurities Lending as Wholesale Funding: Evidence from the U.S. Life...
The existing literature assumes that securities lenders primarily respond to demand from securities borrowers and reinvest their cash collateral in short-term markets. We offer compelling evidence for...
View ArticleMultidimensional Private Information, Market Structure and Insurance Markets...
A large empirical literature found that the correlation between insurance purchase and ex post realization of risk is often statistically insignificant or negative. This is inconsistent with the...
View ArticleCollective Choice in Dynamic Public Good Provision -- by T. Renee Bowen,...
Two heterogeneous agents contribute over time to a joint project, and collectively decide its scope. A larger scope requires greater cumulative effort and delivers higher benefits upon completion. We...
View ArticleVertical Information Restraints: Pro- and Anti-Competitive Impacts of Minimum...
We consider vertical contracts where the retail market may involve search frictions. Minimum advertised price restrictions (MAP) act as a restraint on customers' information and so can increase search...
View ArticleIs Uncle Sam Inducing the Elderly to Retire? -- by Alan J. Auerbach, Laurence...
Many, if not most, Baby Boomers appear at risk of suffering a major decline in their living standard in retirement. With federal and state government finances far too encumbered to significantly raise...
View ArticleEvaluating Economy-Wide Benefit Cost Analyses -- by V. Kerry Smith, Min Qiang...
This paper examines a new strategy for evaluating whether the size of a new environmental regulation requires that benefit cost analyses consider general equilibrium effects. Size in the context refers...
View ArticlePatent Disclosures and Standard-Setting -- by Josh Lerner, Haris Tabakovic,...
A key role of standard setting organizations (SSOs) is to aggregate information on relevant intellectual property (IP) claims before deciding on a standard. This article explores the firms' strategies...
View ArticleEffects of Adult Health Interventions at Scale on Children's Schooling:...
In 2007, approximately one in five children in Zambia lived with an HIV positive adult. We identify the effect of adult antiretroviral therapy (ART) availability at scale on children's educational...
View ArticleMNI Chicago Business Barometer: October Chicago Business Barometer Down 3.6...
The MNI Chicago Business Barometer fell 3.6 points to a five-month low of 50.6 in October from 54.2 in September, suggesting economic activity in the US lost some momentum having picked up in Q3.read...
View ArticleCME Group To Host Ninth Annual Global Financial Leadership Conference
CME Group, the world's leading and most diverse derivatives marketplace, today announced it will host the ninth annual Global Financial Leadership Conference (GFLC) Nov. 14-16, at the Ritz-Carlton...
View ArticleCFTC To Hold An Open Commission Meeting On November 4th To Consider A...
U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad announced today that the CFTC will hold an open meeting on Friday, November 4th at 10 a.m. to consider a supplemental proposal...
View ArticleIFC Issues Innovative $152 Million Bond To Protect Forests And Deepen...
IFC, a member of the World Bank Group, issued a first-of-its-kind bond that gives investors the option of getting repaid in either carbon credits or cash, raising $152 million to support private sector...
View ArticleCEO Of TOM Hans Pieterse Receives Regulatory Approval
TOM (The Order Machine) announced today that Mr. Hans Pieterse has received the required approval from the Dutch regulators AFM and DNB on 27 October 2016 for his appointment as new CEO of TOM. In line...
View ArticleEBA Recommends A Measure Based On Total Liabilities As The Target Level Of...
The European Banking Authority (EBA) published today its final report on the reference point for the target level of national resolution financing arrangements. In the report, the EBA recommends...
View ArticleSEC: Firm And Partner Charged With Issuing Fraudulent Audit Reports
The Securities and Exchange Commission today announced that a New York-based audit firm and a senior partner agreed to settle charges that they issued fraudulent audit reports in connection with...
View ArticleQatar Stock Exchange Hosts Annual Conference And Meetings Of Arab Federation...
Qatar Stock Exchange will host the Annual Conference and meetings of the Arab Federation of Exchanges (AFE), which will be held in Doha during the period 25-28th April 2017.read more...
View ArticleQatar Stock Exchange Listed Companies Reported QR 31.2 Billion Net Profits...
With the end of disclosure period for the third quarter of 2016, forty three companies out of the forty four listed companies at Qatar Stock Exchange (QSE) have disclosed their financial statements...
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