evaluation model. Our findings suggest that executive compensation contracts incorporate the benefits of risk-sharing but do not …

Transaction costs in trading involve both risk and return. The return is associated with the cost of immediate … execution and the risk is a result of price movements during a more gradual trading. The paper shows that the trade-off between … risk and return in optimal execution should reflect the same risk preferences as in ordinary investment. The paper develops …

really an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate … places. Nasar's goal is to show how economists work, but also to show that they are people too--with more than enough warts … economists might be interested in their history at all …

market reacts significantly more negatively to takeover bids by overconfident managers …

"This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and … three steps. First, longitudinal data on workers are used to estimate time-varying individual income risk parameters in … various manufacturing sectors. Second, the estimated income risk parameters and data on trade barriers are used to analyze the …

We show how real and financial frictions amplify the impact of uncertainty shocks. We build a model with real frictions …, and find adding financial frictions roughly doubles the impact of uncertainty shocks. Higher uncertainty alongside … for uncertainty exploiting differential firm exposure to exchange rate and price volatility. These results highlight why …