Carnegie Mellon University

20th Meeting of the Finance Theory Group

All conference rooms are located in the Tepper School of Business on the Tepper Quad.

Friday, May 3, 2019

3:30 - 6 p.m.

3 - 3:30 p.m. | TQ 2610 / 2612

Registration

Parallel Session 1 | 3:30 - 4:30 p.m.

Tepper Quad 2610

On the Magnificaction of Small Biases in Decision-making
Shaun William Davies, Edward Dickersin Van Wesep and Brian Waters

Misallocation and Risk Sharing
Hengjie Ai, Anmol Bhandari, Yuchen Chen and Chao Ying

Tepper Quad 2611

Dealer Funding and Market Liquidity
Max Bruche and John C.F. Kuong

A Theory of Liquidity in Private Equity
Vincent Maurin, David T. Robinson and Per Strömberg

4:30 - 5 p.m. | TQ 2612

Coffee Break

Parallel Session 2 | 5 - 6 p.m.

Tepper Quad 2610

Endogenous Specialization and Dealer Networks
Batchimeg Sambalaibat

Inventory Management, Dealers' Connections, and Prices in OTC Markets
Jean-Edouard Colliard, Thierry Foucault and Peter Hoffmann

Tepper Quad 2611

FinTech Disruption, Payment Data, and Bank Information
Christine A. Parlour, Uday Rajan and Haoxiang Zhu

Information Cascades and Threshold Implementation
Lin William Cong and Yizhou Xiao

6 - 7:30* p.m. | TQ 4242

Members Happy Hour

*Small Group Dinners to follow departing from the Tepper School of Business.

 

Saturday, May 4, 2019

8:30 a.m. - 4:15 p.m.

8:30 - 9 a.m. | TQ 2612

Breakfast and Registration

9 - 10 a.m. | TQ 2700

Learning in Financial Markets: Implications for Debt-Equity Conflicts
Jesse Davis and Naveen Gondhi

10 - 10:15 a.m. | TQ 2612

Break

10:15 - 11:15 a.m. | TQ 2700

Asymmetric Information and Security Design under Knightian Uncertainty
Andrey Malenko and Anton Tsoy

11:15 - 11:30 a.m. | TQ 2612

Break

11:30 a.m. - 12:30 p.m. | TQ 2700

Corporate Liquidity Management under Moral Hazard
Barney Hartman-Glaser, Simon Mayer and Konstantin Milbradt

12:30 - 2 p.m. | Simmons Auditorium B

Lunch and Members Meeting

2 - 3 p.m. | TQ 2700

A Theory of Participation in OTC and Centralized Markets
Jérôme Dugast, Semih Üslü and Pierre-Olivier Weill

3 - 3:15 p.m. | TQ 2612

Break

3:15 - 4:15 p.m. | TQ 2700

The Tragedy of Complexity
Martin Oehmke and Adam Zawadowski

4:15 p.m.

Conference Adjourns