Zobrazeno 1 - 10
of 14
pro vyhledávání: '"Vladimir Asriyan"'
Publikováno v:
American Economic Journal: Microeconomics. 15:187-226
We study the joint determination of product quality and complexity. In our model complexity affects how difficult it is for an agent to acquire information about product quality. An agent can accept or reject a product proposed by a designer, who can
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::64997b4b70ee7db9fd4ac4aae79de3d6
https://doi.org/10.1257/mic.20210114
https://doi.org/10.1257/mic.20210114
Autor:
Vladimir Asriyan, Victoria Vanasco
We study the problem of a seller (e.g. a bank) who is privately informed about the quality of her asset and wants to exploit gains from trade with uninformed buyers (e.g. investors) by issuing securities backed by her asset cash flows. In our setting
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::abf02f8a87207b3a62c3ab05394b0393
http://hdl.handle.net/10230/57531
http://hdl.handle.net/10230/57531
Publikováno v:
Journal of Economic Theory
How effectively does a decentralized marketplace aggregate information that is dispersed throughout the economy? We study this question in a dynamic setting where sellers have private information that is correlated with an unobservable aggregate stat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::028cb7137030a1d9e8b0edc55d9397ee
https://hdl.handle.net/10016/37605
https://hdl.handle.net/10016/37605
Publikováno v:
SSRN Electronic Journal.
This paper explores the incentives of product designers to complexify products, and the resulting implications for overall product quality. In our model, a consumer can accept or reject a product proposed by a designer, who can affect the quality and
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::45cc2fc0436da47185c17ac2d8fffcc8
https://doi.org/10.2139/ssrn.3792031
https://doi.org/10.2139/ssrn.3792031
Autor:
Vladimir Asriyan
This article develops a theory of the balance sheet channel that places a central emphasis on the liquidity of secondary markets for macro-contingent claims. We show that the presence of dispersed information and imperfect competition in secondary ma
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ec16c628c5b3af46e97255b4e2f71f85
http://hdl.handle.net/10230/46898
http://hdl.handle.net/10230/46898
What is the role of monetary policy in a bubbly world? To address this question, we study an economy in which financial frictions limit the supply of assets. The ensuing scarcity generates a demand for “unbacked” assets, i.e., assets that are bac
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::31c8064c6dcc09989c4f6321ed2c4d64
http://hdl.handle.net/10230/46899
http://hdl.handle.net/10230/46899
Publikováno v:
SSRN Electronic Journal.
We develop a new theory of information production during credit booms. In our model, entrepreneurs need credit to undertake investment projects, some of which enable them to divert resources towards private consumption. Lenders can protect themselves
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a04ca438411d5c1df259b5e89acd5722
https://doi.org/10.2139/ssrn.3287948
https://doi.org/10.2139/ssrn.3287948
Publikováno v:
SSRN Electronic Journal.
How effectively does a decentralized marketplace aggregate information that is dispersed throughout the economy? We study this question in a dynamic setting where sellers have private information that is correlated with an unobservable aggregate stat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::934ead120e84a7483bae5066a64cc897
https://doi.org/10.2139/ssrn.2959043
https://doi.org/10.2139/ssrn.2959043
What is the role of monetary policy in a bubbly world? To address this question, we study an economy in which financial frictions limit the supply of assets. The ensuing scarcity generates a demand for “unbacked” assets, i.e., assets that are bac
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fd81eb2f64b1e99b4620d475488ebcb5
https://doi.org/10.3386/w22639
https://doi.org/10.3386/w22639
Publikováno v:
SSRN Electronic Journal.
We propose a model of money, credit and bubbles, and use it to study the role of monetary policy in managing asset bubbles. In this model, bubbles pop up and burst, generating fluctuations in credit, investment and output. Two key insights emerge fro
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::64439219108e0398bdf83f4b91e73133
https://doi.org/10.2139/ssrn.2840723
https://doi.org/10.2139/ssrn.2840723