• Financing Costs and the Efficiency of Public-Private Partnerships 

      Avdiu, Besart; Weichenrieder, Alfons J. (2020-11-18)
      The paper compares provision of public infrastructure via public-private partnerships (PPPs) with provision under government management. Due to soft budget constraints of government management, PPPs exert more effort and ...
    • 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 COVID-19 Shock and Equity Shortfall: Firm-Level Evidence from Ital 

      Carletti, Elena; Oliviero, Tommaso; Pagano, Marco; Pelizzon, Loriana; Subrahmanyam, Marti G. (2020-10-29)
      We employ a representative sample of 80,972 Italian firms to forecast the drop in profits and the equity shortfall triggered by the COVID-19 lockdown. A 3-month lockdown generates an aggregate yearly drop in profits of ...
    • The Effect of Personal Financing Disruptions on Entrepreneurship 

      Hanspal, Tobin (2018-10-14)
      This paper studies how disruptions to personal sources of financing, aside from commercial lending supply shocks, impair the survival and growth of small businesses. Entrepreneurs holding deposit accounts at retail banking ...