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Kleinberg, Jon - 2019

The law forbids discrimination. But the ambiguity of human decision-making often makes it extraordinarily hard for the legal system to know whether anyone has actually discriminated. To understand how algorithms affect discrimination, we must therefore also understand how they affect the problem...

Persistent link: https://www.econbiz.de/10012893120

Technology and Production Fragmentation : Domestic Versus Foreign Sourcing

Fort, Teresa - 2016

This paper provides direct empirical evidence on the relationship between technology and firms' global sourcing strategies. Using new data on U.S. firms' decisions to contract for manufacturing services from domestic or foreign suppliers, I show that a firm's adoption of communication technology...

Persistent link: https://www.econbiz.de/10012984719

Growing Like China : Firm Performance and Global Production Line Position

Chor, Davin; Manova, Kalina; Yu, Zhihong - 2022

Global value chains have fundamentally transformed international trade and development in recent decades. We use matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese firms position themselves in global production lines and...

Persistent link: https://www.econbiz.de/10013289106

A Conic Algorithm for the Group Minimization Problem

Simeone, Bruno - 2021

A new algorithm for the group minimization problem (GP) is proposed. The algorithm can be broadly described as follows …-known algorithm of Glover, and checked for non-negativity. The first non-negative point is an optimal solution of (GP). Advantages and … disadvantages of the algorithm are discussed; in particular, the implementation of the algorithm (which can be easily extended so as …

Persistent link: https://www.econbiz.de/10013224215

An Economic Approach to Regulating Algorithms

Rambachan, Ashesh; Kleinberg, Jon; Mullainathan, Sendhil; … - 2022

algorithm herself, her equity preference has no effect on the training procedure. So long as the data, however biased, contain … signal, they will be used and the learning algorithm will be the same. Equity preferences alone provide no reason to alter …

Persistent link: https://www.econbiz.de/10013307510

The Maturity and Payment Schedule of Sovereign Debt

Bai, Yan - 2015

This paper studies the maturity and stream of payments of sovereign debt. Using Bloomberg bond data for eleven emerging economies, we document that countries react to crises by issuing debt with shortened maturity but back-load payment schedules. To account for this pattern, we develop a...

Persistent link: https://www.econbiz.de/10013028562

Schedule Selection by Agents : From Price Plans to Tax Tables

Luttmer, Erzo F. P. - 2010

structure is relevant in many applications. We develop the theory underlying optimal menus of non-linear schedules and prove …

Persistent link: https://www.econbiz.de/10012759520

Production Chains

Levine, David K. - 2010

. The implications of the theory both for measurement and government policy are examined …

Persistent link: https://www.econbiz.de/10013135410

Why Do Firms Own Production Chains?

Atalay, Enghin - 2014

We use broad-based yet detailed data from the economy's goods-producing sectors to investigate firms' ownership of production chains. It does not appear that vertical ownership is primarily used to facilitate transfers of goods along the production chain, as is often presumed: Roughly one-half...

Persistent link: https://www.econbiz.de/10013066186

Financing as a Supply Chain : The Capital Structure of Banks and Borrowers

Gornall, Will - 2013

We develop a model of the joint capital structure decisions of banks and their borrowers. Strikingly high bank leverage emerges naturally from the interplay between two sets of forces. First, seniority and diversification reduce bank asset volatility by an order of magnitude relative to that of...

Persistent link: https://www.econbiz.de/10013072879