The Behavior of Savings and Asset Prices When Preferences and Beliefs are...
Movements in asset prices are a major risk confronting individuals. This paper establishes new asset pricing results when agents differ in risk preference, time preference and/or expectations. It shows...
View ArticleThe Labor Market Impact of Employer Health Benefit Mandates: Evidence from...
A key issue surrounding employer benefit mandates is the incidence on workers through wages and employment. In this paper, we address this question using a pay-or-play policy implemented in San...
View ArticleIssuer 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 ArticleUsing Non-Pecuniary Strategies to Influence Behavior: Evidence from a Large...
Policymakers are increasingly using norm-based messages to influence individual decision-making. We partner with a metropolitan water utility to implement a natural field experiment examining the...
View ArticleWeekends and Subjective Well-Being -- by John F. Helliwell, Shun Wang
This paper exploits the richness and large sample size of the Gallup/Healthways US daily poll to illustrate significant differences in the dynamics of two key measures of subjective well-being:...
View ArticleFixed Income remains hedge fundsâ 2011 bright spot: Opalesque â...
Fixed Income remains hedge fundsâ 2011 bright spot: Opalesque â Fixed Income has seen steady in... http://bit.ly/r88Jst #hedgefund #risk
View ArticleRepublicans get ur head outta ur ass~Tax'em Millionaires up ! How many Hedge...
Republicans get ur head outta ur ass~Tax'em Millionaires up ! How many Hedge Funds do we need ? Its called 'SHARED SACRIFICE'
View ArticleWhy Do Hedge Funds Have Such Long Lock Ins http://t.co/ld6y1Al
Why Do Hedge Funds Have Such Long Lock Ins http://t.co/ld6y1Al
View Article@joaopcastro prova´vel degradação da...
@joaopcastro prova´vel degradação da situação polÃtica interna "percebidA" pelos hedge funds
View ArticlePure Evil----> Paul Ryan's $700-Wine-Sipping Buddies: Hedge Fund...
Pure Evil----> Paul Ryan's $700-Wine-Sipping Buddies: Hedge Fund Manager And University Of Chicago Economist http://t.co/ESRNNmC via @tpm
View ArticleBUSINESS INTERNATIONAL - âFTâ: GLI HeDGE FUND americani...
BUSINESS INTERNATIONAL - âFTâ: GLI HeDGE FUND americani SCOMMETTONO CONTRO I BOND ITALIANI - âLâEUROPA NON... http://bit.ly/ov0wge #Spia
View ArticleBUSINESS INTERNATIONAL - âFTâ: GLI HeDGE FUND americani...
BUSINESS INTERNATIONAL - âFTâ: GLI HeDGE FUND americani SCOMMETTONO CONTRO I BOND ITALIANI - âLâEUROPA NON DIA L... http://bit.ly/qCKgCX
View Articleneed investor!!!!!! average return per months 5-15 %, share profit 30-70....
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