How do economic downturns impact the skill composition of unemployed workers? Since screening is imperfect, this question is fundamental for firms that are considering posting vacancies. Thus, numerous papers have studied this topic theoretically and empirically; however, with contradicting...

There is an urgent need to direct capital towards climate change mitigation in emerging markets. To enable this, developed countries can endorse the common ground between their taxonomies and those in emerging markets while potentially creating policies and investment incentives to guide global...

The discussion of the institutional features of the accumulation regime of digital capitalism through the lens of regulation theory has been gaining prominence in academic discussion. However, a systematic investigation of the accompanying mode of regulation is lacking. Based on 50 interviews...

The G20 has highlighted the urgency and importance of financing net zero transition. Investors however lack a systematic framework to assess the credibility (incentive-compatibility) of corporate transition claims. As such, negative screening based on current GHG emissions or even sectors...

Data insufficiency remains a challenge to the mitigation of financial instability from climate-related risks. In response, government authorities around the world have started mandating corporate sustainability disclosure. Still, little is understood about the accuracy of such disclosure. To...

Lack of comparability and interoperability among taxonomies hinders development of the green finance market. Therefore, the International Platform of Sustainable Finance (IPSF) released the Common Ground Taxonomy (CGT) report, aiming to identify the similarities and differences in the approaches...

Inefficient Markov-perfect equilibria (MPE) are prevalent in dynamic matching and bargaining games (DMBG). I observe this inefficiency is caused by a substantial friction commonly assumed in the literature: players must exit the market after trading once. In response, this paper studies a simple...

Gale and Sabourian (2006) discuss the existence of inefficient Markov-perfect equilibrium (MPE) in a heterogeneous market. This paper shows that the example they provide cannot be supportedas a MPE. Indeed, with two buyers and two sellers, the dispersion of bargaining positions is not...

In response to the rapid development of AI, several governments have established a variety of regulatory interventions for this technology. While some countries prioritise consumer protection through stringent regulation, others promote innovation by adopting a more hands-off approach. However,...

Governments are making efforts to create policy frameworks to help mobilize finance for climate action. Standardized eligibility criteria for labelling financial instruments as "green" are deemed critical to the credibility required to scale this burgeoning market. Paradoxically, as different...