Insurers' Response to Selection Risk: Evidence from Medicare Enrollment...
Evidence on insurers behavior in environments with both risk selection and market power is largely missing. We fill this gap by providing one of the first empirical accounts of how insurers adjust plan...
View ArticleThe Impact of Increased Cost-sharing on Utilization of Low Value Services:...
In this study we examine the impact of a value-based insurance design (V-BID) program implemented between 2010 and 2013 at a large public employer in the state of Oregon. The program substantially...
View ArticleCross-Border Prudential Policy Spillovers: How Much? How Important? Evidence...
The development of macroprudential policy tools has been one of the most significant changes in banking regulation in recent years. In this multi-study initiative of the International Banking Research...
View ArticleDoes Health IT Adoption Lead to Better Information or Worse Incentives? -- by...
We evaluate whether hospital adoption of electronic medical records (EMRs) leads to increases in billing where financial gains are large or where hassle costs of complete coding are low. The 2007...
View ArticleFirst edition of Isaac Newton's Principia set to fetch $1m at auction
First edition of Isaac Newton's Principia set to fetch $1m at auctionhttps://t.co/vCS2q4vgZF â moneyscience (@moneyscience) December 5, 2016
View ArticleBeecher Carlson Expands Suite of Cyber Tools; Announces Partnership with...
Beecher Carlson Insurance Services, LLC (âBeecher Carlsonâ), a specialized large account insurance broker, announces its partnership with JadeRoq, LLC to provide crisis communications counsel,...
View ArticlePredicting the rise of right-wing populism in response to unbalanced...
Among the central tenets of globalization is free migration of labor. Although much has been written about its benefits, little is known about the limitations of globalization, including how...
View ArticleA multi-asset investment and consumption problem with transaction costs....
In this article we study a multi-asset version of the Merton investment and consumption problem with proportional transaction costs. In general it is difficult to make analytical progress towards a...
View ArticleA Primer on Portfolio Choice with Small Transaction Costs....
This survey is an introduction to asymptotic methods for portfolio-choice problems with small transaction costs. We outline how to derive the corresponding dynamic programming equations and simplify...
View ArticleWavelet-based methods for high-frequency lead-lag analysis....
We propose a novel framework to investigate lead-lag relationships between two financial assets. Our framework bridges a gap between continuous-time modeling based on Brownian motion and the existing...
View ArticleA Multifaceted Panel Data Gravity Model Analysis of Peru's Foreign Trade....
Peru's abundant natural resources and friendly trade policies has made the country a major economic player in both South America and the global community. Consequently, exports are playing an...
View ArticleA Model of Synchronization for Self-Organized Crowding Behavior....
This paper proposes a general model for synchronized crowding behavior. An order parameter is introduced to quantify the level of synchronization which is shown a function of percentage of agents in...
View ArticleLong-Term Growth Rate of Expected Utility for Leveraged ETFs: Martingale...
This paper studies the long-term growth rate of expected utility from holding a leveraged exchanged-traded fund (LETF), which is a constant proportion portfolio of the reference asset. Working with the...
View ArticleInsider-Trading Prosecutions Backed by U.S. Supreme Court - Bloomberg Politics
Insider-Trading Prosecutions Backed by U.S. Supreme Court - Bloomberg Politics: "Ruling in its first insider-trading case in two decades, the justices unanimously said that people can be sent to prison...
View ArticleBoeing Sweats Under Trump Spotlight as SoftBank Feels Warmth - Bloomberg...
Boeing Sweats Under Trump Spotlight as SoftBank Feels Warmth - Bloomberg Politics: "This is extraordinary,â said Mohan Tatikonda, a professor at Indiana Universityâs Kelley School of Business....
View ArticleGame options with gradual exercise and cancellation under proportional...
Game (Israeli) options in a multi-asset market model with proportional transaction costs are studied in the case when the buyer is allowed to exercise the option and the seller has the right to cancel...
View ArticleFinancial market with no riskless (safe) asset. (arXiv:1612.02112v1 [q-fin.MF])
We study markets with no riskless (safe) asset. We derive the corresponding Black-Scholes-Merton option pricing equations for markets where there are only risky assets which have the following price...
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