Dynamic R&D Choice and the Impact of the Firm's Financial Strength -- by...
This article investigates how a firm's financial strength affects its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech...
View ArticleBank Quality, Judicial Efficiency and Borrower Runs: Loan Repayment Delays in...
Exposure to liquidity risk makes banks vulnerable to runs from both depositors and from wholesale, short-term investors. This paper shows empirically that banks are also vulnerable to run-like behavior...
View ArticleDoes Fundraising Create New Giving? -- by Jonathan Meer
Despite an extensive literature on the impacts of a variety of charitable fundraising techniques, little is known about whether these activities increase overall giving or merely cause donors to...
View ArticleSelf-insuring against Liability Risk: Evidence from Physician Home Values in...
When faced with financial uncertainty, rational agents have incentives to take steps ex ante to reduce the probability (self-protection) or size (self-insurance) of a loss. However, in the case of...
View ArticleHow Does Access to Health Care Affect Teen Fertility and High School Dropout...
Children from low-income families face persistent barriers to accessing high-quality health care services. Previous research studies have examined the importance of expanding children's health...
View ArticleThe Demand for Diversification in Incomplete Markets -- by Rajnish Mehra,...
Endogenous diversification in a market with incomplete information generates a state-dependent premium for bearing idiosyncratic risk because time series variation in average idiosyncratic risk affects...
View ArticleSocial Norms, Labor Market Opportunities, and the Marriage Gap for Skilled...
In most of the developed world, skilled women marry at a lower rate than unskilled women. We document heterogeneity across countries in how the marriage gap for skilled women has evolved over time. As...
View ArticleField Experiments on Discrimination -- by Marianne Bertrand, Esther Duflo
This article reviews the existing field experimentation literature on the prevalence of discrimination, the consequences of such discrimination, and possible approaches to undermine it. We highlight...
View ArticleAre Expectations Alone Enough? Estimating the Effect of a Mandatory...
This paper examines the impacts of the Michigan Merit Curriculum, a statewide college preparatory curriculum that applies to the high school graduating class of 2008 and later. We use a student,...
View ArticleRecursive Contracts and Endogenously Incomplete Markets -- by Mikhail...
In this chapter we study dynamic incentive models in which risk sharing is endogenously limited by the presence of informational or enforcement frictions. We comprehensively overview one of the most...
View ArticleESMA Announces Two New Vacancies
ESMA is recruiting a Data Manager in the Risk Analysis and Economics Department, and an SNE for IT delegated projects. read more...
View ArticleEBS Market Moves Towards Real-Time FX Market Data
EBS BrokerTec, ICAP's market-leading electronic foreign exchange (FX) and fixed income business, announces today that it is redesigning its premium FX market data service, EBS Live, and will move to...
View ArticleCME Group Announces Launch Of CME Bloomberg Dollar Spot Index Futures
CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of CME Bloomberg Dollar Spot Index futures. The futures contract will be available for trading on the...
View ArticleIntercontinental Exchange Sets Date For 2016 Annual Meeting Of Stockholders
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges, clearing houses and data services, will hold its 2016 Annual Meeting of Stockholders on Friday, May 13, 2016 at 8:30...
View ArticleIndia Index Services & Products Limited Index Dashboard For The Month...
Summary:read more...
View ArticleChicago Business Barometer Down 8.0 Points To 47.6 In February
The Chicago Business Barometer recoiled 8.0 points to 47.6 in February following a sharp increase to 55.6 in the previous month, led by significant declines in Production and New Orders. read more...
View ArticleExegy Extends Reach Of Enterprise And Data Tone Services
Exegy Inc., a leading provider of managed services and low-latency technology for market data normalization and distribution, has announced today the availability of Edge Cache distribution appliances...
View ArticleNew OCC White Paper On Box Spreads: Exchange-Listed Options Strategies For...
A new white paper from OCC on Box Spreads is out.read more...
View ArticleStatement Of FTC Chairwoman Edith Ramirez On EU-U.S. Privacy Shield Framework
Federal Trade Commission Chairwoman Edith Ramirez has issued the following statement regarding today’s release of the EU-U.S. Privacy Shield Framework in Brussels, Belgium. read more...
View Article