Reply to Bernhardt, Koufopoulos, and Trigilia's 'Is There a Paradox of Pledgeability?'

5 Pages Posted: 5 Feb 2020

Date Written: January 12, 2020

Abstract

Bernhardt, Koufopoulos, and Trigilia’s (2019) note is set as a critique of our paper, Donaldson, Gromb, and Piacentino (2018). However, none of their results or arguments contradicts (or even alters) any of ours.

Suggested Citation

Donaldson, Jason Roderick and Gromb, Denis and Piacentino, Giorgia, Reply to Bernhardt, Koufopoulos, and Trigilia's 'Is There a Paradox of Pledgeability?' (January 12, 2020). Available at SSRN: https://ssrn.com/abstract=3518153 or http://dx.doi.org/10.2139/ssrn.3518153

Jason Roderick Donaldson

Washington University in St. Louis ( email )

One Brookings Drive
Campus Box 1208
Saint Louis, MO MO 63130-4899
United States

Denis Gromb

HEC Paris

1 rue de la Liberation
Jouy-en-Josas Cedex, 78351
France

Giorgia Piacentino (Contact Author)

Columbia University ( email )

New York

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