Now showing items 1-2 of 2

    • Indexed Regulation 

      Newell, RG; Pizer, WA
      Seminal work by Weitzman (1974) revealed prices are preferred to quantities when marginal benefits are relatively flat compared to marginal costs. We extend this comparison to indexed policies, where quantities are proportional ...
    • Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle 

      Bianchi, Francesco; Ilut, Cosmin L; Schneider, Martin (The Review of Economic Studies, 2018)
      This article estimates a business cycle model with endogenous financial asset supply and ambiguity averse investors. Firms’ shareholders choose not only production and investment, but also capital structure and payout policy ...