Juvenile Punishment, High School Graduation and Adult Crime: Evidence from...
This paper contributes to the debate on the impact of juvenile punishment on adult criminal recidivism and high school completion. We link the universe of case files of those who were convicted of a...
View ArticleBalance-Sheet Diversification in General Equilibrium: Identification and...
The paper uses disaggregated data on asset holdings and liabilities to estimate a general equilibrium model where each institution determines the diversification and size of the asset and liability...
View ArticleLong-Term Trends in Private School Enrollments by Family Income -- by Richard...
We use data from multiple national surveys to describe trends in private elementary school enrollment by family income from 1968-2013. We note several important trends. First, the private school...
View ArticleMaking the House a Home: The Stimulative Effect of Home Purchases on...
We introduce and quantify a new channel through which the housing market affects household spending: the home purchase channel. Using an event-study design with data from the Consumer Expenditure...
View ArticleIdentification in Ascending Auctions, with an Application to Digital Rights...
This study provides new identification and estimation results for ascending (traditional English or online) auctions with unobserved auction-level heterogeneity and an unknown number of bidders. When...
View ArticleUsing Instrumental Variables for Inference about Policy Relevant Treatment...
We propose a method for using instrumental variables (IV) to draw inference about causal effects for individuals other than those affected by the instrument at hand. Policy relevance and external...
View ArticleCan Financial Incentives Help People Trying to Establish New Habits?...
We conducted a randomized controlled trial testing the effect of modest incentives to attend the gym among new members of a fitness facility, a population that is already engaged in trying to change a...
View ArticleWeekly Top 5 Papers â July 17th 2017
1. Battlefield Casualties and Ballot Box Defeat: Did the Bush-Obama Wars Cost Clinton the White House? by Douglas Kriner (Boston University â Department of Political Science) and Francis Shen...
View ArticleHow to Pick a Fintech Partner (Not Easier Said than Done)
Steven O'Hanlon, CEO, Numerixread more...
View ArticleProxy Fight at P&G: Can Activist Investors Drive Effective Change?
The Wall Street Journal reports today that activist investor Nelson Peltz has launched a proxy fight with Proctor & Gamble. No company this large has ever faced a proxy fight. The investor seeks...
View ArticleThe Innovative Company: An Ill-defined Object
The concept of innovation is the result of human activities carried out to produce a new product, service or something new that creates value. More recently, the idea of an innovative enterprise,...
View ArticleGoing Past Limits To Growth: A Report to The Club of Rome EU-Chapter
Growth is a dominant economic driver accounting for the wealth of nations and organizations alike. However, in the face of environmental pressures, widespread social and economic imbalance, and the...
View ArticleModeling Technical Analysis. (arXiv:1707.05253v1 [q-fin.MF])
We model the behaviour of a stock price process under the assumption of the existence of a support/resistance level, which is one of the most popular approaches in the field of technical analysis. We...
View ArticleDiscrete-type approximations for non-Markovian optimal stopping problems:...
In this paper, we present a Longstaff-Schwartz-type algorithm for the discretization method designed in Le\~ao, Ohashi and Russo [28]. In contrast to previous works, our methodology applies to optimal...
View ArticleDiscrete-type approximations for non-Markovian optimal stopping problems:...
In this paper, we present an approximation scheme to solve optimal stopping problems based on fully non-Markovian reward continuous processes adapted to the filtration generated by the...
View ArticleThe Financing of Local Government in China: Stimulus Loan Wanes and Shadow...
China's four-trillion-yuan stimulus package fueled by bank loans in 2009 has led to the rapid growth of shadow banking activities in China after 2012. The local governments in China financed the...
View ArticleDemand for Health Insurance Marketplace Plans Was Highly Elastic in 2014-2015...
A major provision of the Affordable Care Act was the creation of Health Insurance Marketplaces, which began operating for the 2014 plan year. Although enrollment initially grew in these markets,...
View ArticleOn the Structure of General Mean-Variance Hedging Strategies....
We provide a new characterization of mean-variance hedging strategies in a general semimartingale market. The key point is the introduction of a new probability measure $P^{\star}$ which turns the...
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