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Creditor-on-Creditor Violence and Secured Debt Dynamics

Antill, Samuel - 2024

Secured lenders have recently demanded a new condition in distressed debt restructurings: competing secured lenders must lose priority. We model the implications of this "creditor-on-creditor violence" trend. In our dynamic model, secured lenders enjoy higher priority in default. However,...

Persistent link: https://www.econbiz.de/10015056182

The Growing Importance of Decision-Making on the Job

Deming, David J. - National Bureau of Economic Research - 2021

demand for decision-making and explores the consequences for life-cycle earnings. Career earnings growth in the U.S. more … substantial share of this shift is explained by increased employment in decision-intensive occupations, which have longer and more … gradual periods of earnings growth. To understand these patterns, I develop a model that nests decision-making in a standard …

Persistent link: https://www.econbiz.de/10012510612

A (Dynamic) Investigation of Stereotypes, Belief-Updating, and Behavior

Coffman, Katherine B.; Ugalde Araya, Paola; Zafar, Basit - National Bureau of Economic Research - 2021

analyze the dynamic effects of feedback on beliefs about own performance and decision-making across two different domains …

Persistent link: https://www.econbiz.de/10012660060

Who Protests, What Do They Protest, and Why?

Chenoweth, Erica; Hamilton, Barton Hughes; Lee, Hedwig; … - National Bureau of Economic Research - 2022

We examine individuals' decisions to attend protests during the summer of 2020. Our analysis examines two simultaneous movements: Black Lives Matter along with protests calling for less stringent public health measures to combat the COVID-19 (e.g., for swifter reopening of businesses). Our...

Persistent link: https://www.econbiz.de/10013191081

Do Fire Sales Create Externalities?

Chernenko, Sergey - 2018

We develop three novel measures of how much of the price impact of their trading different mutual funds internalize. We show that mutual funds that internalize more of their price impact hold larger cash buffers and use these buffers more aggressively to accommodate inflows and outflows. As a...

Persistent link: https://www.econbiz.de/10012480755

Fire Sales in Finance and Macroeconomics

Shleifer, Andrei - 2010

Fire sales are forced sales of assets in which high-valuation bidders are sidelined, typically due to debt overhang problems afflicting many specialist bidders simultaneously. We overview theoretical and empirical research on asset fire sales, which shows how they can arise, how they can lead to...

Persistent link: https://www.econbiz.de/10012462014

Forced Sales and House Prices

Campbell, John Y. - 2009

This paper uses data on house transactions in the state of Massachusetts over the last 20 years to show that houses sold after foreclosure, or close in time to the death or bankruptcy of at least one seller, are sold at lower prices than other houses. Foreclosure discounts are particularly large...

Persistent link: https://www.econbiz.de/10012463782

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 uptick or zero-uptick. In addition, while the...

Persistent link: https://www.econbiz.de/10012464489

When are Auctions Best?

Bulow, Jeremy I. - 2007

We compare the two most common bidding processes for selling a company or other asset when participation is costly to …

Persistent link: https://www.econbiz.de/10012465383

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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