phbs
How Gift Prices Affect Gratitude? “Right” Gift-Price Effect
Five studies show that recipients are most likely to appreciate gifts of monetary values aligning with their expe

Jooyoung Park, Mengshu Chen, Jungkeun Kim

Working Paper | No. 20211102 |

Keywords: Appreciation, culture, gift prices, relationship closeness, thoughtfulness

More Details
The Technical Default Spread
We study the quantitative impact of lender control rights on firm investment, asset prices, and the aggregate eco

Emilio Bisetti, Kai Li, Jun Yu*

Working Paper | No. 20211101 |

Keywords: Loan covenants, technical default, creditor control rights, cross section of stock returns

More Details
Dynamic Price Competition, Learning-By-Doing and Strategic Buyers
We examine how strategic buyer behavior affects equilibrium outcomes in a model of dynamic price competition where

Andrew Sweeting, Dun Jia, Shen Hui, Xinlu Yao

Working Paper | No.20210908 |

Keywords: Dynamic competition, learning-by-doing, strategic buyers, dynamic games, multiple equilibria

More Details
Adjustable Regret for Continuous Control of Conservatism and Competitive Ratio Analysis
A major issue of the increasingly popular robust optimization is the tendency to produce overly conservative solut

Yingjie Lan

Working Paper | No.20210907 |

Keywords: Robust optimization, decision criteria, over-conservatism, online optimization, competitive ratio analysis, one-way trading

More Details
The Influence of Media Slant on Short Sellers
Using the positive shift in tone of Fox News coverage of macroeconomic news after the Republican Bush election i

April Knill, Baixiao Liu, John J. McConnell, Glades McKenzie

Working Paper | No.20210906 |

Keywords: Media Slant, short seller, investment decisions

More Details
On the Foundations of Competitive Search Equilibrium with and without Market Makers
The literature offers two foundations for competitive search equilibrium, a Nash approach and a market-maker approa

James Albrecht, Xiaoming Cai, Pieter Gautier, Susan Vroman

Working Paper | No.20210905 |

Keywords: Multiple application, competitive search, market makers, efficiency

More Details
Human Capital Investment and Development: The Role of On-the-Job Training
Workers in richer countries experience faster rates of wage growth over their lifetimes than workers in poorer co

Xiao Ma, Alejandro Nakab, Daniela Vidart

Working Paper | No.20210904 |

Keywords: On-the-Job Training, human capital accumulation, lifecycle wage growth

More Details
Learning by Exporting and Wage Profiles: New Evidence from Brazil
Export activity shapes workers’ experience-wage profiles Using detailed Brazil-ian manufacturing employer-employe

Xiao Ma, Marc-Andreas Muendler, Alejandro Nakab

Working Paper | No.20210903 |

Keywords: Export activity, wage profiles, human capital accumulation

More Details
Learning about the Consumption Risk Exposure of Firms
We structurally estimate an investment-based asset pricing model, where firms’ exposure to macroeconomic risk

Yongjin Kim, Lars-Alexander Kuehn, Kai Li

Working Paper | No.20210902 |

Keywords: Parameter uncertainty, Bayesian learning, systematic consumption risk, investment-based asset pricing, SMM

More Details
Delayed Crises and Slow Recoveries
We present a rational expectations model of credit-driven crises In our model econ-omy, banks can operate in two

Xuewen Liu, Pengfei Wang, Zhongchao Yang

Working Paper | No. 20210901 |

Keywords: Credit extensions, synchronization, externality, economic recoveries

More Details
Previous
7 / 14
Next