Hedge funds express concerns over Conn. taxes: AP â Gov. Dannel P....
Hedge funds express concerns over Conn. taxes: AP â Gov. Dannel P. Malloy is reaching out to he... http://bit.ly/n05IRn #hedgefund #risk
View ArticleI read hedge funds warning eurozone "on verge of economic collapse"...
I read hedge funds warning eurozone "on verge of economic collapse"...
View ArticleNomura proprietary trader Fuchs plans own $400 mln hedge fund-source: Reuters...
Nomura proprietary trader Fuchs plans own $400 mln hedge fund-source: Reuters â Benjamin Fuchs,... http://bit.ly/rgHuko #hedgefund #risk
View ArticleWhen is capital enough to get female microenterprises growing? Evidence from...
Standard models of investment predict that credit-constrained firms should grow rapidly when given additional capital, and that how this capital is provided should not affect decisions to invest in the...
View ArticleWhat Really Happened During the Glorious Revolution? -- by Steven C.A....
The English Glorious Revolution of 1688-89 is one of the most famous instances of 'institutional' change in world history which has fascinated scholars because of the role it may have played in...
View ArticleVaccine Supply: Effects Of Regulation And Competition -- by Patricia M....
In US vaccine markets, competing producers with high fixed, sunk costs face relatively concentrated demand. The resulting price and quality competition leads to the exit of all but one or very few...
View ArticleSupplier Responses to Wal-Mart's Invasion of Mexico -- by Leonardo Iacovone,...
This paper examines the effect of Wal-Mart's entry into Mexico on Mexican manufacturers of consumer goods. Guided by firm interviews that suggested substantial heterogeneity across firms in how they...
View ArticleEconomic Preparation for Retirement -- by Michael D. Hurd, Susann Rohwedder
We define and estimate measures of economic preparation for retirement based on a complete inventory of economic resources while taking into account the risk of living to advanced old age and the risk...
View ArticleTax Policy and the Efficiency of U.S. Direct Investment Abroad -- by Mihir A....
Deferral of U.S. taxes on foreign source income is commonly characterized as a subsidy to foreign investment, as reflected in its inclusion among "tax expenditures" and occasional calls for its repeal....
View ArticleInternational Recessions -- by Fabrizio Perri, Vincenzo Quadrini
The 2008-2009 crisis was characterized by an unprecedented degree of international synchronization as all major industrialized countries experienced large macroeconomic contractions around the date of...
View ArticleUnderstanding the Solar Home Price Premium: Electricity Generation and...
This study uses a large sample of homes in the San Diego area and Sacramento, California area to provide some of the first capitalization estimates of the sales value of homes with solar panels...
View ArticleThe 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...
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