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Intermediaries and Asset Prices

By Valentin Haddad and Tyler Muir

Journal of Economic Literature

Intermediary asset pricing posits that financial institutions play a central role in financial markets, and that their decisions shape asset prices beyond simply reflecting the preferences of the average household. This perspective helps make sense of key...

From Access to Achievement: The Primary School-Age Impacts of an At-Scale Preschool Construction Program in Highly Deprived Communities

By Marina Bassi, Bruno Besbas, Lelys Dinarte-Diaz, Saravana Ravindran, and Ana Reynoso

òòò½Íø Journal: Applied Economics

We evaluate a large-scale public preschool construction program in deprived rural communities in Mozambique using a randomized control trial. The program increased preschool enrollment from 2% to 75%, improved primary school enrollment and progression, ...

Detection of Collusive Networks in Multistage Auctions

By Bruno µþ²¹°ùá²Ô±ð°ì, Leon Musolff, and ³Õí³ÙÄ›³ú²õ±ô²¹±¹ Titl

òòò½Íø Journal: Applied Economics

We develop a method for detecting cartels in multistage auctions. Our approach allows firms to act collusively against cartel members yet competitively otherwise. In these auctions, bidders submit initial bids and can later revise them downward. As init...

On-Demand Assistance: Experimental Evidence from Indonesia

By Rema Hanna, Benjamin A. Olken, Sudarno Sumarto, Achmad Maulana, Vivi Alatas, and Elan Satriawan

òòò½Íø Journal: Economic Policy

Given labor informality in developing countries, addressing employment shocks is challenging. We study Indonesia’s new approach for on-demand online applications for temporary cash assistance and online job training. Through 20 lotteries over two year...