Gender Based Occupational Segregation and Sex Differences in Sensory, Motor...
While the gender pay gap continues to decline, gender occupational segregation in the labor market has changed little in recent decades. Research on sex differences in humans provides "lab evidence" of...
View ArticleThe Granular Nature of Large Institutional Investors -- by Itzhak Ben-David,...
Over the last four decades, the concentration of institutional assets in equity markets has increased dramatically. We conjecture that large institutions are granular, that is, they cannot be reduced...
View ArticleWhich Social Cost of Carbon? A Theoretical Perspective -- by Matthew J. Kotchen
This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory...
View ArticleLow-quality Patents in the Eye of the Beholder: Evidence from Multiple...
Low-quality patents are of considerable concern to businesses operating in patent-dense markets. There are two pathways by which low-quality patents may be issued: the patent office may apply...
View ArticleBernanke's No-arbitrage Argument Revisited: Can Open Market Operations in...
We first show that, at least in theory, open market operations in real assets can be a useful tool for overcoming a liquidity trap because they change the inflation incentives of the government, and...
View ArticleDesigning Policies to Make Cars Greener: A Review of the Literature -- by...
We review what is known about the economic efficiency of fuel taxes relative to efficiency standards aimed at mitigating environmental externalities from automobiles. We present a simplified model of...
View ArticleThe Division of Labor in Teams: A Conceptual Framework and Application to...
Even though teams have become the dominant mode of knowledge production, little is known regarding how they divide work among their members. Conceptualizing knowledge production as a process involving...
View ArticleCollective Action in an Asymmetric World -- by Cuicui Chen, Richard J....
A central authority, possessing tax and expenditure responsibilities, can readily provide an efficient level of a public good. Climate change mitigation lacks a central authority. Thus, voluntary...
View ArticleUAE Ministry Of Justice And Abu Dhabi Global Market Agree To Cooperate On The...
The United Arab Emirates Ministry of Justice and Abu Dhabi Global Market Courts (ADGM Courts) today signed a Memorandum of Understanding (MoU) concerning a wide range of legal and judicial matters. In...
View ArticleCME Group Expands Base Metals Offering With New Aluminum A380 Alloy (S&P...
CME Group, the world's leading and most diverse derivatives marketplace, today announced it will expand its base metals offering with the introduction of a new Aluminum A380 Alloy (S&P Global...
View ArticleBursa Malaysia Securities Publicly Reprimands Johan Holdings Berhad For...
Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded Johan Holdings Berhad (JOHAN) in respect of the company’s fourth quarterly report for the financial year...
View ArticleIncreased Liability in the Face of Uncertain Data Regulations
By Beata Aldridgeread more...
View ArticleAequitas Launches Fintech Solution - Enabling Access To Low Cost...
Aequitas Technology Services Inc. (Aequitas Connect), the innovation hub of Aequitas Innovations Inc. (Aequitas Innovations) today announced that Invesco Canada (Invesco) has signed up for its fund...
View ArticleWrong-Way Risk Models: A Comparison of Analytical Exposures....
In this paper, we compare static and dynamic (reduced form) approaches for modeling wrong-way risk in the context of CVA. Although all these approaches potentially suffer from arbitrage problems, they...
View ArticleOptimality of two-parameter strategies in stochastic control....
In this note, we study a class of stochastic control problems where the optimal strategies are described by two parameters. These include a subset of singular control, impulse control, and two-player...
View ArticleHow brokers can optimally plot against traders. (arXiv:1605.04949v1 [q-fin.TR])
Traders buy and sell financial instruments in hopes of making profit, and brokers are responsible for the transaction. Some brokers, known as market-makers, take the position opposite to the trader's....
View ArticleQuantum theory of securities price formation in financial markets....
We develop a theory of securities price formation and dynamics based on quantum approach and without presuming any similarities with quantum mechanics. Disorder introduced by trading environment leads...
View ArticleExtended nonlinear feedback model for describing episodes of high inflation....
An extension of the nonlinear feedback (NLF) formalism to describe regimes of hyper- and high-inflation in economy is proposed in the present work. In the NLF model the consumer price index (CPI)...
View ArticleStochastic Effects in a Discretized Kinetic Model of Economic Exchange....
Linear stochastic models and discretized kinetic theory are two complementary analytical techniques used for the investigation of complex systems of economic interactions. The former employ Langevin...
View ArticleMortgages and Refinancing. (arXiv:1605.04941v1 [q-fin.PR])
In general, homeowners refinance in response to a decrease in interest rates, as their borrowing costs are lowered. However, it is worth investigating the effects of refinancing after taking the...
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