This paper identifies new currency risk stemming from a network of idiosyncratic option-based currency volatilities and shows how such network risk is priced in the cross-section of currency returns. A portfolio that buys net-receivers and sells net-transmitters of short-term linkages between...

This paper examines the effect of technological uncertainty on the optimal pricing and investment decisions in a two-sided market. A platform offers a basic good and a developer offers a complementary good. The performance of the complementary good is stochastic and is endogenously determined by...

This research essay finds that, when consumer uncertainty exists regarding the valuation of intellectual property, unauthorised copying in the presence of network externalities can induce greater firm profits relative to the case without copying. Copying can be viewed as a conduit for...