Browsing Economics and Finance by Title
Now showing items 270-289 of 371
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Partial Default
(2023) -
Policy Uncertainty and Aggregate fluctuations
(Wiley, 2018-01-19) -
The Political Legacy of Entertainment TV
We study the political impact of commercial television in Italy exploiting the staggered introduction of Berlusconi's private TV network, Mediaset, in the early 1980s. We find that individuals with early access to Mediaset ... -
Positive Stock Information In Out-Of-The-Money Option Prices
We examine whether the option market leads the stock market with respect to positive in addition to negative price discovery. We document that out-of-the-money (OTM) option prices, which determine the Risk-Neutral Skewness ... -
The power of sunspots: An experimental analysis
(2019-05) -
Preference symmetries, partial differential equations, and functional forms for utility
(Elsevier/Science Direct, 2013)A discrete symmetry of a preference relation is a mapping from the domain of choice to itself under which preference comparisons are invariant; a continuous symmetry is a one-parameter family of such transformations that ... -
Prestige, Promotion and Pay
We develop a theory in which financial (and other professional services) firms design career structures to “sell” prestigious jobs to qualified candidates. Firms create less prestigious entry-level jobs, which serve as ... -
The Principle of Minimum Differentiation Revisited: Return of the Median Voter
(Elsevier BV, 2017-12-28)We study a linear location model (Hotelling, 1929) in which n (with n ≥ 2) boundedly rational players follow (noisy) myopic best-reply behavior. We show through numerical and mathematical analysis that such players spend ...