Ditapis dengan
Inside and Outside Information
We study an economy with financial frictions in which a regulator designs a test that reveals outside information about a firm's quality to investors. The firm can also disclose verifiable inside information about its quality. We show that the regulator optimally aims for “public speech and private silence,” which is achieved with tests that give insiders an incentive to stay quiet. We full…
- Edisi
- Volume 79, Issue 4, August 2024, Pages 2667-2714
- ISBN/ISSN
- 1540-6261
- Deskripsi Fisik
- ill, chart, table, grafik, 508 hal, 20 cm
- Judul Seri
- -
- No. Panggil
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Predictably Unequal? The Effects of Machine Learning on Credit Markets
Innovations in statistical technology in functions including credit-screening have raised concerns about distributional impacts across categories such as race. Theoretically, distributional effects of better statistical technology can come from greater flexibility to uncover structural relationships or from triangulation of otherwise excluded characteristics. Using data on U.S. mortgages, we pr…
- Edisi
- Volume 77, Issue 1, February 2022, Pages 5-47
- ISBN/ISSN
- 1540-6261
- Deskripsi Fisik
- First published : 28 October 2021
- Judul Seri
- -
- No. Panggil
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