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Carnegie Mellon University - David A. Tepper School of Business
stock volatility, leverage effect, corporate debt, general equilibrium
Mutual Funds, Flows, Investor Rationality, Market Conditions
liquidity, limit orders, market orders, high frequency data, discrete choice
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Liquidity, limit orders, market orders, high frequency data, discrete choice
heterogeneous beliefs, learning, short-sale constraints, general equilibrium, stock price, stock volatility
D51, G11, G12, G14
Liquidity, Demand Discovery, Asset Pricing, Asymmetric Information
Mortgage brokers, Loan performance, Subprime crisis
Mortgage Brokers, Loan Performance, Subprime Crisis, Credit Risk Retention, Qualied Residential Mortgages
ESG, Externality, Hedging, Portfolio Theory, Socially responsible investment
Securitization; sophisticated investors; Rule 144A; network analysis; price discovery; OTC markets; bid-ask spreads; core dealers; peripheral dealers
municipal bonds, muni-bond puzzle, over-the-counter markets, trading cost, centrality premium, electronication, green bonds
centrality premium, electronification, green bonds, muni-bond puzzle, Municipal Bonds, Over-the-counter markets, trading cost
Municipal Bonds, Fixed Income Dealer, Transaction Costs, Liquidity, Transparency, Market Power
Primary market, state laws, book building, auctions, municipal bonds
vector autoregression, priors, initial conditions, nonlinear functions
speculation, aggregate investment, heterogeneous beliefs, disasters, recursive preferences
Regulation, Risk incentives, Size thresholds, Size contingent regulation, Dodd-Frank
Risk incentives, Regulation, Size thresholds, Size contingent regulation, Dodd-Frank, Regulatory distortion, risk taking
market microstructure, municipal bonds, trading, price dispersion
Affine term structure, general equilibrium, time-varying term premiums, monetary policy
Limit Order Markets, Gains from Trade, Discrete Choice, Allocative Efficiency
Limit order markets, gains from trade, discrete choice, allocative efficiency
Mortgage broker compensation; Borrower valuation; Borrower informedness
Mortgage broker compensation, Borrower Valuation, Borrower Informedness
Mortgage broker compensation, Borrower valuation, Borrower informedness
Crowding out, Disagreement, Disaster Risk, Government policy, Wllingness to Pay
Cross-market Arbitrage, Information Efficiency, High Frequency Trading
Electronic trading systems, limit order markets, semiparametric estimation, auctions