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Now showing items 11-20 of 137
Here's an idea : knowledge sharing among competitors to build a critical mass
(Massachusetts Institute of Technology, 2015)
Knowledge sharing among competitors is counterintuitive; however, it has been found to occur in the economy under certain conditions. Recently, in the investment industry, platforms with the goal of promoting knowledge ...
Does health insurance matter for entrepreneurship?
(Massachusetts Institute of Technology, 2016)
We study the effect of improved access to health insurance on entrepreneurial rates across industries. We use the 2006 reform of the Massachusetts health care market as our shock. In contrast to previous research, we use ...
Intermediation frictions in equity markets
(Massachusetts Institute of Technology, 2020)
Stocks with similar characteristics but different levels of ownership by financial institutions have returns and risk premia that comove very differently with shocks to the risk bearing capacity of financial intermediaries. ...
Oligopolistic market-making and inventory heterogeneity
(Massachusetts Institute of Technology, 2020)
This article examines market making under imperfect competition. A novel dataset on detailed individual-level intraday market-making helps to raise new questions on aspects of liquidity in the environment. The paper suggests ...
Estimating demand for liquid assets
(Massachusetts Institute of Technology, 2020)
This paper proposes a simple structural model to study substitution patterns within the class of safe and liquid assets at the extreme short-end of the yield curve (maturity <1YR). I estimate the demand system by exploiting ...
The economic impact of education spending : evidence from self-employed households
(Massachusetts Institute of Technology, 2020)
I examine the consumption and labor decisions of self-employed households when a child goes to college using unique financial transactions data from the linked accounts of small businesses and their owners. Households ...
Discount bundling via dense product embeddings
(Massachusetts Institute of Technology, 2020)
Bundling, the practice of jointly selling two or more products at a discount, is a widely used strategy in industry and a well examined concept in academia. Historically, the focus has been on theoretical studies in the ...
How local is Twitter?
(Massachusetts Institute of Technology, 2015)
This study is an initial attempt to investigate the reach of Twitter depending on the original location of tweets. The major objective is to measure how local or global Twitter's reach is and how localized cities compare ...
An information-theoretic approach to estimating risk premia
(Massachusetts Institute of Technology, 2018)
Evaluation of linear factor models in asset pricing requires estimation of two unknown quantities: the factor loadings and the factor risk premia. Using relative entropy minimization, this paper estimates factor risk premia ...
Causality and self-signaling in economic games
(Massachusetts Institute of Technology, 2020)
Our ability to cooperate is one of the cornerstones of our success as a species, and the story of how humans have been able to put aside immediate personal gain in favor of a longer view is widely studied. We add to this ...