Optimal Taxation and R&D Policies -- by Ufuk Akcigit, Douglas Hanley,...
We study the optimal design of R&D policies and corporate taxation when the outputs of innovation are not appropriable in the absence of intellectual property rights policies and there are...
View ArticleThe Effects of Computers on Children's Social Development and School...
Concerns over the perceived negative impacts of computers on social development among children are prevalent but largely uninformed by plausibly causal evidence. We provide the first test of this...
View ArticleHabits and Leverage -- by Tano Santos, Pietro Veronesi
Many stylized facts of leverage, trading, and asset prices follow from a frictionless general equilibrium model that features agents' heterogeneity in endowments and habit preferences. Our model...
View ArticleEstimating the Productivity of Community Colleges in Paving the Road to...
The distinct mission and open-access nature of community colleges and the diverse goals of the students they serve make it difficult to assess differences in quality across community college campuses....
View ArticleStimulating Housing Markets -- by David Berger, Nicholas Turner, Eric Zwick
This paper studies temporary policy incentives designed to address capital overhang by inducing asset demand from buyers in the private market. Using variation across local geographies in ex ante...
View ArticleEconomic Transformation in Africa from the Bottom Up: Evidence from Tanzania...
At roughly 4% per annum, labor productivity in Tanzania has grown more rapidly over the past 12 years than at any other time in recent history. Employment growth has also been strong keeping up with...
View ArticleWeekly Top 5 Papers – December 12, 2016
1. How Do Venture Capitalists Make Decisions? by Paul Gompers (Harvard Business School â Finance Unit) and Will Gornall (University of British Columbia (UBC) â Division of Finance) and Steven...
View ArticleLeading Dispersed Teams
Eric McNulty, director of research at the National Preparedness Leadership Initiative, has written a blog post for Strategy + Business that addresses how to lead dispersed teams effectively. McNulty...
View ArticleFractal Optimization of Market Neutral Portfolio. (arXiv:1612.03698v1...
A fractal approach to the long-short portfolio optimization is proposed. The algorithmic system based on the composition of market-neutral spreads into a single entity has been considered. The core of...
View ArticleSensation Seeking, Sports Cars, and Hedge Funds by Yan Lu, Sugata Ray, Melvyn...
Sensation Seeking, Sports Cars, and Hedge Funds - https://t.co/TvHJehnluM â moneyscience (@moneyscience) December 13, 2016
View ArticleThe hierarchical generalized linear model and the bootstrap estimator of the...
This paper presents the hierarchical generalized linear model (HGLM) for loss reserving in a non-life insurance company. Because in this case the error of prediction is expressed by a complex...
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Plumbers and Visionaries by Peter Norman Selected as the Year’s Most...
Plumbers and Visionaries by Peter Norman Selected as the Year’s Most Popular Financial Books in China Read More...
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Active Investing: Rest in Peace or Resurgent Force?
I was a doctoral student at UCLA, in 1983 and 1984, when I was assigned to be research assistant to Professor Eugene Fama, who wisely abandoned the University of Chicago during the cold winters for...
View ArticleFive Skills that Innovators Need
Lisa Kay Solomon and Emily Shepard shared some thoughts about innovation with a Stanford Business School class. They focused on five skills that one must master to innovate successfully. Here's their...
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Redacted Version of the December 2016 FOMC Statement
Photo Credit: stantontcadyread more...
View ArticleOptimal Kernel Estimation of Spot Volatility of Stochastic Differential...
Kernel Estimation is one of the most widely used estimation methods in non-parametric Statistics, having a wide-range of applications, including spot volatility estimation of stochastic processes. The...
View ArticleDynamic Convex Duality in Constrained Utility Maximization....
In this paper, we study a constrained utility maximization problem following the convex duality approach. After formulating the primal and dual problems, we construct the necessary and sufficient...
View ArticleS&P500 Forecasting and Trading using Convolution Analysis of Major Asset...
By monitoring the time evolution of the most liquid Futures contracts traded globally as acquired using the Bloomberg API from 03 January 2000 until 15 December 2014 we were able to forecast the...
View ArticleNot All Measures of GDP are Created Equal
"Not All Measures of GDP are Created Equal" https://t.co/Xg7cHVlkCW #feedly â Miguel A. Arranz (@miguelarrnz6) December 19, 2016
View ArticleSolar can already generate more energy than oil, says major scientific review...
Solar power is already able to produce more energy than oil and gas for every unit of energy invested. https://t.co/6Zrg8vNedS â moneyscience (@moneyscience)â¦
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