“Don’t fear trade... We should not be afraid of engaging in international trade because it creates new opportunities and workers can – and do – take those opportunities.” Article on a new paper in @RevEconStudies.
Recently accepted to #REStud, "“Bid Shopping” in Procurement Auctions with Subcontracting" from Deneckere and Quint:
https://www.restud.com/bid-shopping-in-procurement-auctions-...
"Optimal risk-sharing and distress resolution drive cash flow-based financing. Firms use secured debt, unsecured credit lines, and equity, with bankruptcy procedures boosting financing capacity."
New paper from Hartman-Glaser, Mayer & Milbradt:
https://www.restud.com/a-theory-of-cash-flow-based-financing...
#Finance
Recently accepted to #REStud, ``Wealth Inequality and Asset Prices'' from Matthieu Gomez:
https://www.restud.com/wealth-inequality-and-asset-prices/