Working Papers 2016

01-16
Modeling the Revolving Revolution:  The Debt Collection Channel
Lukasz A. Drozd and Ricardo Serrano-Padial
(American Economics Review, Vol. 107, Issue 3, March 2017)

02-16
Financial Contracting with Enforcement Externalities
Lukasz A. Drozd and Ricardo Serrano-Padial

03-16
Do Funds Make More When They Trade More?
Lubos Pastor, Robert F. Stanbaugh and Lucian A. Taylor
(The Journal of Finance, Vol. 72, Issue 4, August 2017)

04-16
Inefficiencies and Externalities from Opportunistic Acquirers
Di Li, Lucian A. Taylor and Wenyu Wang

05-16
Do rare events explain CDX tranche spreads?
Sang Byung Seon and Jessica Wachter

06-16
Standing on the shoulders of giants:  The effect of passive investors on activism
Ian R. Appel, Todd A. Gormley and Donald B. Keim

07-16
Notes on Bonds:  Illiquidity Feedback During the Financial Crisis
David Musto, Greg Nini and Krista Schwarz

08-16
Using Stocks or Portfolios in Tests of Factor Models
Andrew Ang, Jun Liu and Krista Schwarz

09-16
Investment with Leverage
Andrew B. Abel

10-16
Absolving Beta of Volatility’s Effects
Jianan Liu, Robert F. Stambaugh and Yu Yuan
(Journal of Financial Economics, Forthcoming)

11-16
Fracking, Drilling and Asset Pricing:  Estimating the Economic Benefits of the Shale Revolution
Erik Gilje, Robert Teady and Nikolai Roussanov

12-16
The History of the Cross Section of Stock Returns
Juhani Linnainmaa and Michael Roberts

13-16
Renegotiation of Dynamically Incomplete Contracts
John Y. Zhu

14-16
Regulating a Model
Yaron Letiner and Bilge Yilmaz

15-16
Real Anomalies
Jules H. van Binsbergen and Christian C. Opp

16-16
Can Decentralized Markets be More Efficient?
Vincent Glode and Christian Opp

17-16
Voluntary Disclosure in Bilateral Transactions
Vincent Glode , Christian Opp and Xingtan Zhang

18-16
On the Efficiency of Long Intermediation Chains
Vincent Glode , Christian Opp and Xingtan Zhang

19-16
Aggregate Demand and the Dynamics of Unemployment
Edouard Schaal and Mathieu-Taschereau-Dumouchel