Health Insurance Expansions and Provider Behavior: Evidence from Substance...
We examine how substance use disorder (SUD) treatment providers respond to private health insurance expansions induced by state equal coverage ('parity') laws for SUD treatment. We use data on the near...
View ArticleA Model of Secular Stagnation: Theory and Quantitative Evaluation -- by Gauti...
This paper formalizes and quantifies the secular stagnation hypothesis, defined as a persistently low or negative natural rate of interest leading to a chronically binding zero lower bound (ZLB)....
View ArticleThe Impact of the Affordable Care Act Young Adult Provision on Childbearing,...
We use panel U.S. tax data spanning 2008-2013 to study the impact of the Affordable Care Act (ACA) young adult provision on two important demographic outcomes--childbearing and marriage. The impact on...
View ArticleHow do Quasi-Random Option Grants Affect CEO Risk-Taking? -- by Kelly Shue,...
We examine how an increase in stock option grants affects CEO risk-taking. The overall net effect of option grants is theoretically ambiguous for risk-averse CEOs. To overcome the endogeneity of option...
View ArticleHealthcare Spending and Utilization in Public and Private Medicare -- by...
We compare healthcare spending in public and private Medicare using newly available claims data from Medicare Advantage (MA) insurers. MA insurer revenues are 30 percent higher than their healthcare...
View ArticleStatisticians fear Trump White House will manipulate figures to fit narrative
Statisticians fear Trump White House will manipulate figures to fit narrative https://t.co/A682imQ3Rs â Catherine Rampell (@crampell) January 30, 2017
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January 2017 Data Update 7: Profitability, Excess Returns and Governance
If asked to describe a successful business, most people will tell you that it is one that makes money and that is not an unreasonable starting point, but it is not a good ending point. For a business...
View ArticlePredicting Auction Price of Vehicle License Plate with Deep Recurrent Neural...
In Chinese societies where superstition is of paramount importance, vehicle license plates with desirable numbers can fetch for very high prices in auctions. Unlike auctions of other valuable items,...
View ArticleAsset liquidation under drift uncertainty and regime-switching volatility....
Optimal liquidation of an asset with unknown constant drift and stochastic regime-switching volatility is studied. The uncertainty about the drift is represented by an arbitrary probability...
View ArticleDecision structure of risky choice. (arXiv:1701.08567v1 [q-fin.EC])
As we know, there is a controversy about the decision making under risk between economists and psychologists. We discuss to build a unified theory of risky choice, which would explain both of...
View ArticleComputing stable numerical solutions for multidimensional American option...
The matter of the stability for multi-asset American option pricing problems is a present remaining challenge. In this paper a general transformation of variables allows to remove cross derivative...
View ArticleArbitrage-Free Pricing Of Derivatives In Nonlinear Market Models....
The main objective is to study no-arbitrage pricing of financial derivatives in the presence of funding costs, the counterparty credit risk and market frictions affecting the trading mechanism, such as...
View ArticleComputing the aggregate loss distribution based on numerical inversion of the...
A non-parametric method for evaluation of the aggregate loss distribution (ALD) by combining and numerically inverting the empirical characteristic functions (CFs) is presented and illustrated. This...
View ArticleA stability result on optimal Skorokhod embedding. (arXiv:1701.08204v1...
Motivated by the model- independent pricing of derivatives calibrated to the real market, we consider an optimization problem similar to the optimal Skorokhod embedding problem, where the embedded...
View ArticleHayne Leland recipient of the 2016 IAQFNorthfield Financial Engineer of the...
Hayne Leland recipient of the 2016 IAQF/Northfield Financial Engineer of the Year Award https://t.co/PcpQiGdDow â moneyscience (@moneyscience) January 31,â¦
View ArticleWeekly Top 5 Papers â January 30 2016
1. The Foreign Emoluments Clause and the Chief Executive by Andy Grewal (University of Iowa – College of Law)read more...
View ArticleA taxonomy of learning dynamics in 2 x 2 games. (arXiv:1701.09043v1 [q-fin.EC])
Learning would be a convincing method to achieve coordination on a Nash Equilibrium (NE). But does learning converge, and to what? We answer this question in generic 2-player, 2-strategy games, using...
View ArticleAn Optimal Execution Problem in the Volume-Dependent Almgren-Chriss Model....
In this study, we introduce an explicit trading-volume process into the Almgren--Chriss model, which is a standard model for optimal execution. We propose a penalization method of deriving a...
View ArticleOn a class of path-dependent singular stochastic control problems....
This paper studies a class of non-Markovian singular stochastic control problems, for which we provide a novel probabilistic representation. The solution of such control problem is proved to identify...
View ArticleUnderstanding food inflation in India: A Machine Learning approach....
Over the past decade, the stellar growth of Indian economy has been challenged by persistently high levels of inflation, particularly in food prices. The primary reason behind this stubborn food...
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