The importance of an investor's organizational structure is increasingly recognized in modern finance. This paper examines the role of banks in the US venture capital market. Theory suggests that unlike independent venture capital firms, banks can seek complementarities between their venture...

Este artículo investiga el mercado para préstamos a nuevas empresas de tecnología (startups), y analiza dos mecanismos que facilitan acceso al crédito en este mercado: la posibilidad de la venta de las patentes comprometidas como activos de garantía en préstamos y la intermediación de...

Even when-objectively speaking-death is on the line, partisan bias still colors beliefs about facts. We use data on internet searches as well as proprietary data on county-level average daily travel distance and visits to non-essential businesses from a large sample of U.S. smartphones at the...

The success of non-pharmaceutical interventions to contain pandemics often depends greatly upon voluntary compliance with government guidelines. What explains variation in voluntary compliance? Using mobile phone and survey data, we show that during the early phases of COVID- 19, voluntary...

Even when, objectively speaking, death is on the line, partisan bias still colors beliefs about facts. We show that a higher share of Trump voters in a county is associated with lower perceptions of risk during the COVID-19 pandemic. As Trump voter share rises, individuals search less for...

Even when — objectively speaking — death is on the line, partisan bias still colors beliefs about facts. We use data on internet searches as well as proprietary data on county-level average daily travel distance and visits to non-essential businesses from a large sample of U.S. smartphones...

We examine the effect of the introduction of ridehailing in U.S. cities on fatal traffic accidents. The arrival of ridehailing is associated with an increase of approximately 3% in the number of fatalities and fatal accidents, for both vehicle occupants and pedestrians. The effects persist when...