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Efficiency Gains from Narrowing Banks: A Search-Theoretic Approach
In view of the recent proposals on banking reform in the wake of the recent global economic crisis, this paper identifies some efficiency gains associated with narrow... -
Shouting to be Heard in Advertising
Advertising competes for scarce consumer attention, so more profitable advertisers send more messages to break through the others' clutter. Multiple equilibria can... -
Complementarities in Information Acquisition with Short-Term Trades
This item is a preserved copy. In a financial market where agents trade for short-term profit and where news can increase the uncertainty of the public belief, there... -
From Search to Match: When Loan Contracts Are Too Long
A model of lending is presented where loans are established in matches between banks (lenders) and entrepreneurs (borrowers) who meet in a search process. Projects... -
Multiple equilibria in a monopoly market with heterogeneous agents and extern...
International audience -
A Curse or a Blessing? Natural Resources in a Multiple Growth Regimes Analysis
The literature on the impact of an abundance of natural resources on economic performance remains inconclusive. In this paper we consider the possibility that... -
Home bias and self-fulfilling sovereign debt crisis
This dataset has no description
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Optimal Control of Interacting Systems with DNSS Property: The Case of Illici...
International audience -
Illiquidity Contagion and Liquidity Crashes
International audience
