Death of the Salesman, but not the Sales Force: Reputational Entrepreneurship...
Using citations as a measure of valuation and death as a shock that affects efforts to "sell" scientific work but not the quality of the work itself, we estimate the importance of "reputational...
View ArticleSpinning the Web: The Impact of ICT on Trade in Intermediates and Technology...
This paper studies how information and communication technology (ICT) improvements affect trade along the value chain and international technology diffusion. We examine the impact of a revolutionary...
View ArticleDeposit Inflows and Outflows in Failing Banks: The Role of Deposit Insurance...
Using unique, daily, account-level balances data we investigate deposit stability and the drivers of deposit outflows and inflows in a distressed bank. We observe an outflow of uninsured depositors...
View ArticleStructural Estimation of a Model of School Choices: the Boston Mechanism vs....
We model household choice of schools under the Boston mechanism (BM) and develop a new method, applicable to a broad class of mechanisms, to fully solve the choice problem even if it is infeasible via...
View ArticleUnions and Inequality Over the Twentieth Century: New Evidence from Survey...
It is well-documented that, since at least the early twentieth century, U.S. income inequality has varied inversely with union density. But moving beyond this aggregate relationship has proven...
View ArticleRiding the Credit Boom -- by Christopher Hansman, Harrison Hong, Wenxi Jiang,...
Research on leverage and asset-price fluctuations focuses on the direct effect of lax bank lending enabling financially-constrained investors to take excessive risks. Ignored are unconstrained...
View ArticleDouglass C. North: Transaction Costs, Property Rights, and Economic Outcomes...
Douglass North asked why some societies historically and contemporarily have rising per-capita incomes and individual welfare, whereas others do not? He argued that successful economies had property...
View ArticleSocial Security Programs and Retirement Around the World: Working Longer -...
This is the introduction and summary to the eighth phase of an ongoing project on Social Security Programs and Retirement Around the World. This project, which compares the experiences of a dozen...
View ArticleCognition and SES Relationships Among the Mid-Aged and Elderly: A Comparison...
In this paper, we use a measure of fluid intelligence, an adaptive number series test, to measure that part of cognition for respondents in two developing countries: China and Indonesia, both with very...
View ArticleBanking on Deposits: Maturity Transformation without Interest Rate Risk -- by...
We show that maturity transformation does not expose banks to significant interest rate risk--it actually hedges banks' interest rate risk. We argue that this is driven by banks' deposit franchise....
View ArticleHow Effective is Energy-Efficient Housing? Evidence from a Field Experiment...
Despite growing enthusiasm, there is little empirical evidence on how well energy efficiency investments work. Evidence is particularly lacking from low- and middle-income countries, despite a...
View ArticleThe Political Impact of Immigration: Evidence from the United States -- by...
In this paper we study the impact of immigration to the United States on the vote for the Republican Party by analyzing county-level data on election outcomes between 1990 and 2010. Our main...
View ArticleBitcoin Risks Drop Toward $8K After 3-Week Low
Bitcoin hit a three-week low over the weekend and may be looking at a deeper sell-off below $8,200, price chart analysis indicates.
View ArticleSt. Louis Fed President on Crypto: 'Currency Competition Is Nothing New'
"The drift to a non-uniform currency could become a serious issue for the us if cryptocurrency reaches a large volume of trade."
View ArticleFedEx CEO: Adopt New Tech Like Blockchain or Be Disrupted
The chief of logistic giant FedEx has spoken of the need to adopt new technologies like blockchain at CoinDesk's Consensus 2018 event.
View ArticleWeekly Top 5 Papers – May 14, 2018
1. Buffett’s Alpha by Andrea Frazzini (AQR Capital Management, LLC) and David Kabiller (AQR Capital Management, LLC) and Lasse Heje Pedersen (AQR Capital Management, LLC)read more...
View ArticleIOHK | PoS Delegation, Lars Brünjes, Director of education.IOHK | PoS...
Lars Brünjes is leading work on incentives in Cardano, the means of encouraging people to participate in the protocol and behave in a way that is in the best interests of all users and the system as...
View ArticleBanks Ink Blockchain Trade Finance Transaction with Food Giant Cargill
HSBC and ING have performed a claimed world-first trade finance transaction on a single blockchain system for agri-food firm Cargill.
View ArticleUS Regulators Need to Move Faster on Crypto, Consensus Panelists Say
Early industry investors argued that US regulators must provide clarity in order for investors to capitalize on blockchain opportunities.
View ArticleDeloitte Veterans Are Launching a Tokenized Blockchain for Supply Chain
A group of former Deloitte blockchain specialists are joining a startup seeking to launch a token for the global supply chain.
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