Related publications (11)

Equity ownership and identification with the founding team

Eva Maria Weissenböck

Founders benefit from identifying with their founding teams because identification facilitates cooperation in the team, aligns founders' actions with the norms and interests of the team, and, ultimately, enhances team performance. High identification with ...
Hoboken2024

Area-based equitable pricing strategies for multimodal urban networks with heterogeneous users

Nikolaos Geroliminis, Nan Zheng

Equity issues among travellers are critical in congestion pricing. Failure to treat equity can lead to low acceptability towards pricing. In this paper, we develop congestion pricing schemes to improve both equity and traffic performance, for multimodal ne ...
PERGAMON-ELSEVIER SCIENCE LTD2020

Systemic Risk in Networks with a Central Node

Damir Filipovic, Léo Hamed Amini

We examine the effects on a financial network of clearing all contracts though a central node (CN), thereby transforming the original network into a star-shaped one. The CN is capitalized with external equity and a guaranty fund. We introduce a structural ...
SIAM PUBLICATIONS2020

Three Essays in Banking and Finance

Damien Olivier Klossner

This thesis develops three models that study the motivation of various agents to take on debt, and the impact that excessive financial leverage can have on social welfare. In the chapter "Short-term Bank Leverage and the Value of Liquid Reserves", the ince ...
EPFL2019

Product Market Competition and Option Prices

Erwan Morellec

Most firms face some form of competition in product markets. The degree of competition a firm faces feeds back into its cash flows and affects the values of the securities it issues. Through its effects on stock prices, product market competition affects t ...
OXFORD UNIV PRESS INC2019

Precision global health in the digital age

Marcel Salathé, Idris Guessous, Gérard Escher

Precision global health is an approach similar to precision medicine, which facilitates, through innovation and technology, better targeting of public health interventions on a global scale, for the purpose of maximising their effectiveness and relevance. ...
EMH Swiss Medical Publishers, Ltd.2017

Portfolio and welfare consequences of debt market dominance

Serhiy Stepanchuk

The ability to issue debt that pays in units of the domestic good leads a country to accumulate a large and negative net foreign asset position while maintaining a positive position in equity. This debt market advantage also helps to explain the weak relat ...
Elsevier Science Bv2015

Cash Holdings and Competition

Erwan Morellec, Boris Nikolov, Francesca Maria Zucchi

We use a dynamic cash management model in which firms face competitive pressure to show that product market competition increases the cash holdings as well as the size and frequency of equity issues of financially constrained firms. We test these predictio ...
2013

Natural Expectations, Macroeconomic Dynamics, and Asset Pricing

Andreas Fuster

How does an economy behave if (1) fundamentals are truly hump-shaped, exhibiting momentum in the short run and partial mean reversion in the long run, and (2) agents do not know that fundamentals are hump-shaped and base their beliefs on parsimonious model ...
University of Chicago Press2012

Tenure neutral and equitable housing taxation

Philippe Thalmann

Equity and neutrality are distinct concepts in housing taxation and weak and strong tenure neutrality should be distinguished. When a tax system is tested for those criteria, the taxes paid by landlords must be included, as they affect the rents renters pa ...
2007

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