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Innovations, Rents and Risk

Author

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  • Biais, Bruno
  • Rochet, Jean-Charles
  • Woolley, Paul

Abstract

This research was conducted within the Paul Woolley Research Initiative on Capital Market Dysfunctionalities at IDEI, Toulouse. Support from the Europlace Institute of Finance is gratefully aknowledged. Many thanks to participants in the first conference of the Centre for the Study of Capital Market Dysfunctionality at the London School of Economics, the Pompeu Fabra Conference on the Financial Crisis, the third Banco de Portugal conference on Financial Intermediation, the Europlace Institute of Finance 7th Annual Forum, as well as seminar participants at London Business School, Frankfurt University, the European Central Bank and Amsterdam University, especially Sudipto Bhattacharya, Arnoud Boot, John Boyd, Markus Brunnermeier, Catherine Casamatta, Zvi Eckstein, Guido Friebel, Alex Gümbel, Philipp Hartmann, Augustin Landier, Thomas Mariotti, John Moore, Liliana Pellizzon, Enrico Perotti, Ludovic Phalippou, Guillaume Plantin and Steve Schaefer.

Suggested Citation

  • Biais, Bruno & Rochet, Jean-Charles & Woolley, Paul, 2010. "Innovations, Rents and Risk," TSE Working Papers 10-200, Toulouse School of Economics (TSE).
    • Handle: RePEc:tse:wpaper:23523
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    References listed on IDEAS

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    1. Alessandro Barbarino & Boyan Jovanovic, 2007. "Shakeouts And Market Crashes," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 48(2), pages 385-420, May.
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    8. Joseph Zeira, 2000. "Informational overshooting, booms and crashes," Proceedings, Federal Reserve Bank of San Francisco, issue Apr.
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    12. DeMarzo, Peter & Kaniel, Ron & Kremer, Ilan, 2007. "Technological innovation and real investment booms and busts," Journal of Financial Economics, Elsevier, vol. 85(3), pages 735-754, September.
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    Cited by:

    1. Challe, Edouard & Mojon, Benoit & Ragot, Xavier, 2013. "Equilibrium risk shifting and interest rate in an opaque financial system," European Economic Review, Elsevier, vol. 63(C), pages 117-133.
    2. repec:spo:wpmain:info:hdl:2441/2ld6ogm9lq9b4b37ft2unhirm4 is not listed on IDEAS
    3. repec:hal:pseose:halshs-00944916 is not listed on IDEAS
    4. Landier, Augustin & Sraer, David & Thesmar, David, 2011. "The risk-Shifting Hypothesis," IDEI Working Papers 699, Institut d'Économie Industrielle (IDEI), Toulouse.
    5. repec:hal:spmain:info:hdl:2441/2ld6ogm9lq9b4b37ft2unhirm4 is not listed on IDEAS
    6. Monnet, Cyril & Quintin, Erwan, 2017. "Limited disclosure and hidden orders in asset markets," Journal of Financial Economics, Elsevier, vol. 123(3), pages 602-616.
    7. Landier, Augustin & Sraer, David & Thesmar, David, 2011. "The risk-Shifting Hypothesis : Evidence from Subprime Originations," TSE Working Papers 11-279, Toulouse School of Economics (TSE).

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    More about this item

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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