Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 7 of 7 for “"Information Friction"”.
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Information friction : information technology and military performance
… this dissertation develops the notion of information friction, an aggregate measure of the intensity of organizational struggle to coordinate IT with the operational environment. It articulates hypotheses about how the structure of the external battlefield, internal bureaucratic politics, …
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Information risk, uncertainty risk and asset prices
… framework to analyze the impact of stochastic information friction in explaining business cycles and asset prices. I document a new mechanism to generate time variation in uncertainty from the information channel, where rational agents' beliefs from Bayesian learning features time-varying …
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Essays In Macroeconomics
… a dead-weight loss caused by foreclosures and an information friction on house prices. The main finding is that a subsidy-only policy would have generated welfare gains of up to 0.4% in consumption equivalent terms when compared to the HAMP and TARP benchmark. In the second chapter, I study the …
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Commercial real estate conduit loan : its benefits and costs from the borrowers' and the lenders' perspectives
… perspective, the conduit brings liquidation, information risk diversification, buy-buck option of tailored loans and efficiency from specialization in substitution for underutilization of value information, adverse selection problem, price stability, flexibility and underwriting expertise …
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Essays on insurance
… second chapter, Evan Mast and I investigate an information friction in Medicare Advantage-beneficiaries pay two premiums, and one is much more salient. We find a larger demand elasticity for the salient versus non-salient premium. A model of insurer plan design produces simulated premiums …
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Essays on Financial Economics
… Management is assumed to have an initial information advantage over investors. However, when a firm's decision in the first stage can change investors' beliefs and, consequently, impact the security issuance in the second stage, its optimal choice differs significantly from the strict …
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Essays in Financial Economics: Empirical Corporate Finance
… to CEO turnover announcements in the presence of information frictions. We find that the market reaction to forced CEO turnover announcements is negatively related to the level of asymmetric information between a firm and its investors. No such relation exists for voluntary turnovers. We also find …