Annual Conference

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Accounting

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May 2015

I develop the notion of “thin political markets.” These are esoteric areas of market rule-making where corporate managers possess the technical expertise necessary for informed regulation, enjoy strong economic interests in the outcome, and face little political opposition. The motivating phenom...
Keywords: Political standards, Political economy, M&A, auditing, accounting
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Annual Conference

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International Macroeconomics, Money & Banking

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May 2015

We show that a model of an advanced small open economy with exports in commodities and search and matching frictions in the labour market can match the impulse responses from a panel vector autoregression to an identified commodity price shock. Using a minimum distance strategy, we find that interna...
Keywords: Commodity prices, Search and matching unemployment
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Annual Conference

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International Macroeconomics, Money & Banking

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May 2015

Despite a formal 'no-bailout clause', we estimate significant net present value transfers from the European Union to Cyprus, Greece, Ireland, Portugal and Spain, ranging from roughly 0.5% (Ireland) to 43% (Greece) of 2011 output during the recent Eurozone crisis. We propose a model to analyze and un...
Keywords: sovereign debt, Bailouts, Eurozone Crisis
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Annual Conference

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Economic Transformation of Asia

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May 2015

In recent years, the phenomenon of housing vacancy rate (HVR) has attracted considerable attention, especially concerning unjustified expansions of Chinese cities. /e aforementioned trend is disadvantageous in that it will ultimately lead to tremendous wastage of valuable land that could otherwise b...
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Annual Conference

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Blockchain and Cryptocurrency

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May 2021

Suppose that n parties want to run a protocol to jointly toss a coin. It is well-known that when half of the parties can be corrupt, strong fairness is impossible, i.e., the corrupt coalition can always misbehave and bias the outcome. Inspired by blockchain applications, we ask, is it possible to ac...
Keywords: cryptographic protocols / game theory, leader election, multi-party computation, extractor, round complexity
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