IBM's Trade Finance Solution on Blockchain to Be Adopted by 7 European Banks...
IBM is currently working on a #blockchain solution for trade finance for European banking sector. https://t.co/NiH8SDfYl1 â Financial Technology (@fin_tech)â¦
View ArticleInitial coin offerings: cryptocurrency's next high-risk big money maker
Initial coin offerings: cryptocurrency's next high-risk big money makerhttps://t.co/blbJ8qgFLu â Financial Technology (@fin_tech) July 10, 2017
View ArticleThe Blockchain Brothers: Meet BTL's Guy and Hugh Halford-Thompson
BTL's Guy & Hugh Halford-Thompson on running the world's first public #blockchain firm https://t.co/kDjaAjrU2t @guyht â Financial Technology (@fin_tech) Julyâ¦
View ArticleCSAIL at MIT on Twitter
Happy bday to @MIT alum Dan Bricklin, who you can thank for co-inventing the electronic spreadsheet. https://t.co/Puwu81OvScâ¦
View ArticleExecutive Compensation: A Survey of Theory and Evidence -- by Alex Edmans,...
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the...
View ArticleMargins of Labor Market Adjustment to Trade -- by Rafael Dix-Carneiro, Brian...
We use both longitudinal administrative data and cross-sectional household survey data to study the margins of labor market adjustment following Brazil's early 1990s trade liberalization. We document...
View ArticleEducational Impacts and Cost-Effectiveness of Conditional Cash Transfer...
We meta-analyze for impact and cost-effectiveness 94 studies from 47 conditional cash transfer (CCT) programs in low- and middle-income countries worldwide, focusing on educational outcomes that...
View ArticleTowards a Political Theory of the Firm -- by Luigi Zingales
Neoclassical theory assumes that firms have no power of fiat any different from ordinary market contracting, thus a fortiori no power to influence the rules of the game. In the real world, firms have...
View ArticleProductivity, Taxes, and Hours Worked in Spain: 1970-2015 -- by Juan Carlos...
In the early 1970s, hours worked per working-age person in Spain were higher than in the United States. Starting in 1975, however, hours worked in Spain fell by 40 percent. We find that 80 percent of...
View ArticleEven the Representative Agent Must Die: Using Demographics to Inform...
We develop a demographically-based approach for estimating the utility discount rate (UDR) portion of the Ramsey rule. We show how age-specific mortality rates and life expectancies imply a natural UDR...
View ArticleWhy Do Defaults Affect Behavior? Experimental Evidence from Afghanistan -- by...
We report on an experiment examining why default options impact behavior. Working with one of the largest private firms in Afghanistan, we randomly assigned each of 949 employees to different variants...
View ArticleVulnerability and Clientelism -- by Gustavo J. Bobonis, Paul Gertler, Marco...
Political clientelism is often deemed to undermine democratic accountability and representation. This study argues that economic vulnerability causes citizens to participate in clientelism. We test...
View ArticleWhat Sets College Thrivers and Divers Apart? A Contrast in Study Habits,...
Students from 4-year colleges often arrive having already done very well in high school, but by the end of first term, a wide dispersion of performance emerges, with an especially large lower tail....
View ArticleA Welfarist Role for Nonwelfarist Rules: An example with envy -- by Matthew...
I propose and formalize an argument for why economists working in the welfarist normative tradition should include nonwelfarist principles in how they judge economic policy. The key idea behind this...
View ArticleOptimal Regulation of Financial Intermediaries -- by Sebastian Di Tella
I characterize the optimal financial regulation policy in an economy where financial intermediaries trade capital assets on behalf of households, but must retain an equity stake to align incentives....
View ArticleCheck Up Before You Check Out: Retail Clinics and Emergency Room Use -- by...
Retail clinics are an innovation that has the potential to improve competition in health care markets. We use the universe of emergency room (ER) visits in New Jersey from 2006-2014 to examine the...
View ArticleThe Employment Effects of Minimum Wages: Some Questions We Need to Answer --...
The literature on the employment effects of minimum wages is about a century old, and includes hundreds of studies. Yet the debate among researchers about the employment effects of minimum wages...
View ArticleDeclining Competition and Investment in the U.S. -- by German Gutierrez,...
The U.S. business sector has under-invested relative to Tobin's Q since the early 2000's. We argue that declining competition is partly responsible for this phenomenon. We use a combination of natural...
View ArticleThe Arrival of Fast Internet and Employment in Africa -- by Jonas Hjort,...
To show how fast Internet affects employment in Africa, we exploit the gradual arrival of submarine Internet cables and maps of the terrestrial cable network. Robust difference-in-differences estimates...
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