• Rent-Seeking in Elite Networks 

      Haselmann, Rainer; Schoenherr, David; Vig, Vikrant (2017-01-31)
      We employ a unique dataset on members of an elite service club in Germany to investigate how social connections in elite networks affect the allocation of resources. Specifically, we investigate credit allocation decisions ...
    • The Limits of Model-Based Regulation 

      Behn, Markus; Haselmann, Rainer; Vig, Vikrant (2014-11-30)
      In this paper, we investigate how the introduction of complex, model-based capital regulation affected credit risk of financial institutions. Model-based regulation was meant to enhance the stability of the financial sector ...
    • The Political Economy of Bank Bailouts 

      Behn, Markus; Haselmann, Rainer; Kick, Thomas; Vig, Vikrant (2016-04-14)
      In this paper, we examine how the institutional design affects the outcome of bank bailout decisions. In the German savings bank sector, distress events can be resolved by local politicians or a state-level association. ...