Archives for CORE

As part of the CORE Nobel Talks, Prof. Bengt Holmström (MIT) is giving a seminar on "The Purpose and Perils of Money Markets – Lessons from the Financial Crisis". The seminar will be held at UCLouvain on October 17, 11:30 a.m. and will be introduced by Jan De Wit, Head of the Front...

Power demand forecasting and demand-side bidding via data-driven inverse optimization Juan Miguel Morales Gonzalez, Universidad de Malaga A method to predict the aggregate demand of a cluster of price-responsive consumers of electricity is discussed in this presentation. The price-response...

Search Direction: Position Externalities and Position Bias Régis Renault, Université de Cergy-Pontoise A tractable model of pricing under directed search is proposed where firms have \textit{ex ante} heterogeneous demands. Equilibrium product prices are such that the marginal consumer's...

Price Discovery of a Speculative Asset: Evidence from a Bitcoin Exchange Giang Nguyen, PSU This paper examines price discovery and liquidity provision in the secondary market for bitcoin—an asset that has no observable fundamentals and is associated with a high level of speculative...