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Short Sales and Trade Classification Algorithms
Asquith, Paul - 2008
This paper demonstrates that short sales are often misclassified as buyer-initiated by the Lee-Ready and other commonly … used trade classification algorithms. This result is due in part to regulations which require short sales be executed on an … ignores the often larger borrowing premiums which short sellers must pay. Since short sales constitute approximately 30% of …
Persistent link: https://www.econbiz.de/10012464489
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Eminent Domain Versus Government Purchase of Land Given Imperpect Information About Owners' Valuation
Shavell, Steven - 2007
's information about landowners' valuations is imperfect. Under this assumption, the policy of purchase possesses the market test …
Persistent link: https://www.econbiz.de/10012465083
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Consent and Exchange
Bar-Gill, Oren - 2007
In some cases, the law permits a party that unilaterally provides a benefit to another party to recover the estimated value of this benefit. Despite calls for expanding the set of cases to which such a restitution rule applies, the law commonly applies a mutual consent rule under which a party...
Persistent link: https://www.econbiz.de/10012465384
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Efficiency-Morality Trade-Offs in Repugnant Transactions : A Choice Experiment
Elias, Julio J. - 2016
Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...
Persistent link: https://www.econbiz.de/10012456048
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Toward an Understanding of the Economics of Apologies : Evidence from a Large-Scale Natural Field Experiment
Halperin, Basil - 2019
We use a theory of apologies to design a nationwide field experiment involving 1.5 million Uber ridesharing consumers who experienced late rides. Several insights emerge from our field experiment. First, apologies are not a panacea: the efficacy of an apology and whether it may backfire depend...
Persistent link: https://www.econbiz.de/10012479628
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Do Digital Platforms Reduce Moral Hazard? The Case of Uber and Taxis
Liu, Meng - 2018
Digital platforms like Uber can enhance market transparency and mitigate moral hazard via ratings of buyers and sellers, real-time monitoring, and low-cost complaint channels. We compare driver choices at Uber with taxis by matching trips so they are subject to the same optimal route. We also...
Persistent link: https://www.econbiz.de/10012480668
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The Economic Limits of Bitcoin and the Blockchain
Budish, Eric - 2018
The amount of computational power devoted to anonymous, decentralized blockchains such as Bitcoin's must simultaneously satisfy two conditions in equilibrium: (1) a zero-profit condition among miners, who engage in a rent-seeking competition for the prize associated with adding the next block to...
Persistent link: https://www.econbiz.de/10012453003
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An Analysis of the Labor Market for Uber’s Driver-Partners in the United States
Hall, Jonathan V. - 2016
Uber, the ride-sharing company launched in 2010, has grown at an exponential rate. This paper provides the first comprehensive analysis of the labor market for Uber's driver-partners, based on both survey and administrative data. Drivers who partner with Uber appear to be attracted to the...
Persistent link: https://www.econbiz.de/10012455837
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Racial and Gender Discrimination in Transportation Network Companies
Ge, Yanbo - 2016
Passengers have faced a history of discrimination in transportation systems. Peer transportation companies such as Uber …
Persistent link: https://www.econbiz.de/10012455904
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Digital Currencies, Decentralized Ledgers, and the Future of Central Banking
Raskin, Max - 2016
Central banking in an age of digital currencies is a fast-developing topic in monetary economics. Algorithmic digital currencies such as bitcoin appear to be viable competitors to central bank fiat currency, and their presence in the marketplace may pressure central banks to pursue tighter...
Persistent link: https://www.econbiz.de/10012456437