Electoral reciprocity in programmatic redistribution: Experimental Evidence...
We analyzed two conditional cash transfers experiments that preceded Honduran presidential elections in 2001 and 2013. In the first, smaller transfers had no effects on voter turnout or incumbent vote...
View ArticleHow Do Venture Capitalists Make Decisions? -- by Paul Gompers, William...
We survey 889 institutional venture capitalists (VCs) at 681 firms to learn how they make decisions across eight areas: deal sourcing; investment selection; valuation; deal structure; post investment...
View ArticleLove, Money, and Parental Goods: Does Parental Matchmaking Matter? -- by Fali...
While parental matchmaking has been widespread throughout history and across countries, we know little about the relationship between parental matchmaking and marriage outcomes. Does parental...
View ArticleSocial Experiments in the Labor Market -- by Jesse Rothstein, Till von Wachter
Large-scale social experiments were pioneered in labor economics, and are the basis for much of what we know about topics ranging from the effect of job training to incentives for job search to labor...
View ArticleBuying Reputation as a Signal of Quality: Evidence from an Online Marketplace...
Reputation is critical to foster trust in online marketplaces, yet leaving feedback is a public good that can be under-provided unless buyers are rewarded for it. Signaling theory implies that only...
View ArticleA Lesson from the Great Depression that the Fed Might have Learned: A...
We examine the first QE program through the lens of an open-market operation under taken by the Federal Reserve in 1932, at the height of the Great Depression. This program entailed large purchases of...
View ArticleECC To Introduce Direct Clearing Participant Membership For Spot Markets
European Commodity Clearing AG (ECC) has introduced a new membership model - the Direct Clearing Participant Model (DCPM).read more...
View ArticleBorsa Italiana Monthly Update August 2016
Click here to download Borsa Italiana's monthly update for August 2016.
View ArticleEuronext Announces Volumes For August 2016
Euronext, the leading pan-European exchange in the Eurozone, today announced trading volumes for August 2016.read more...
View ArticleS+T AG And Leifheit AG To Be Included In Selection Indices Of Deutsche...
On Monday, Deutsche Börse announced changes to its selection indices, which will become effective on 19 September 2016. The shares of S+T AG will be included in the TecDAX index and will replace the...
View ArticleNon-Gaussian analytic option pricing: a closed formula for the L\'evy-stable...
We establish an explicit pricing formula for a class of non-Gaussian models (the Levy-stable, or Log-Levy model with finite moments and stability parameter between 1 and 2) allowing a straightforward...
View ArticleMultivariate Mixed Tempered Stable Distribution. (arXiv:1609.00926v1 [q-fin.ST])
The multivariate version of the Mixed Tempered Stable is proposed. It is a generalization of the Normal Variance Mean Mixtures. Characteristics of this new distribution and its capacity in fitting...
View ArticleDetermining Optimal Stop-Loss Thresholds via Bayesian Analysis of Drawdown...
Stop-loss rules are often studied in the financial literature, but the stop-loss levels are seldom constructed systematically. In many papers, and indeed in practice as well, the level of the stops is...
View ArticleOption-Based Pricing of Wrong Way Risk for CVA. (arXiv:1609.00819v1 [q-fin.PR])
The two main issues for managing wrong way risk (WWR) for the credit valuation adjustment (CVA, i.e. WW-CVA) are calibration and hedging. Hence we start from a novel model-free worst-case approach...
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Plato Partnership Enters Cooperation Agreement With Turquoise
Plato Partnership, a not-for-profit industry group of buy and sell-side firms who are collaborating to bring creative solutions and efficiencies to today’s complex equity marketplace, is pleased to...
View ArticleNZX August 2016 Shareholder Metrics - Amended
Please find the August 2016 shareholder metrics attached.read more...
View ArticleBNP Paribas Investment Partners Goes Live With Commcise Global Commission...
Commcise, the provider of award-winning Integrated Commission Management Solutions for investment management firms, is pleased to announce that BNP Paribas Investment Partners has implemented...
View ArticleBSE: Revision Of Scrips In Trade To Trade Segment
This has reference to the procedure laid down under Exchange Notice No. 20140625-44 dated June 25, 2014, for moving in / out of trade to trade. The Stock Exchange with a view to take preventive...
View ArticleEuropean Stability Mechanism (ESM) Appoints Maurice Hickey As Head Of Middle...
The European Stability Mechanism (ESM) has appointed Maurice Hickey to the position of Head of Middle and Back Office & Portfolio Performance. He replaces Françoise Blondeel, who is now a member of...
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