This paper taps into the use of energy sector based portfolios, as opposed to the traditional equity based portfolios. Key contributions are in terms of assessing (i) which U.S. sectors are best to combine with the energy sector, (ii) how a sector based portfolio's risk and return differ from an...

I examine energy stocks in the context of a diversified investment portfolio. Several factors – the importance of the energy sector, their potential to hedge energy risks, growing interest in real assets, as well as anecdotes of sophisticated investors focusing on energy investments –...

We examine the allocation of a limited pool of matching funds to public good projects using Quadratic Funding. In particular, we consider a variation of the Capital Constrained Quadratic Funding (CQF) mechanism proposed by Buterin, Hitzig and Weyl (2019) where only funds in the matching pool are...

We study liquidity provision in fragmented markets. Market makers intermediate heterogeneous order flows, trading off expected spread revenue and inventory costs. Portfolio considerations to diversify inventory risk reveal that market makers have an incentive to siphon certain orders, thus...

We consider Geometric Mean Market Makers – a special type of Decentralized Exchange – with two types of users: liquidity takers and arbitrageurs. Liquidity takers trade at prices that can create arbitrage opportunities, while arbitrageurs align the exchange’s price with the external market...