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On the Foundations of Competitive Search Equilibrium with and without Market Makers
The literature offers two interpretations of competitive search equilibrium, one based on a Nash approach and the

Venue: Vol.208, 2023

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Migration, Tariffs, and China’s Export Surge
We built a multi-sector spatial general equilibrium model, featuring heterogeneous firms’ and workers’ lo

Venue: Vol. 140, 2023

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Meetings and Mechanisms
This article shows how meeting frictions affect equilibrium trading mechanisms and allocations in an environment wh

Venue: Vol.64, 2023

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Moving Beyond Stage-Gate Project Management
This article describes how German automaker BMW and European airline Air France have developed new approaches to

Venue: October 24, 2023

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Asset Pricing with a Financial Sector
In this paper, we study the quantitative asset pricing implications of a financial intermediary that faces a leve

Venue: Vol.52, 2023

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Political Connections, Competition, and Innovation: The Case of Chinese Firms
This paper studies the causal impact of political connections on innovation Using a unique hand-collected data se

Venue: Vol.71, 2023

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Which Market Enhances Market Efficiency by Improving Liquidity? Evidence of Market Liquidity in Relation to Returns of Stocks
Market efficiency can be enhanced by market liquidity if it promotes value creation, leading to increasing stock

Venue: Vol.22, 2023

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Information Acquisition, Uncertainty Reduction, and Pre-Announcement Premium in China
We examine the stock market returns in an environment in which the dates of the central bank’s information

Venue: Vol.27, 2023

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A Triangulated Approach for Understanding Scientists' Perceptions of Public Engagement with Science
Scientists are expected to engage with the public, especially when society faces challenges like the COVID-19 pand

Venue: Vol.32, 2023

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Go with the Politician
Chinese local leaders are frequently moved across prefectures By combining local leader rotation data and comprehe

Venue: Vol.15, 2023

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