[enter Abstract Body]Long-short hedge funds are often very highly levered, despite the costs of leverage that became apparent during the LTCM crisis in 1998 and the more recent episode in 2008. This note explores potential market imperfections that may explain the use of leverage

This paper explores the connection between skilled foreign labor, urban agglomeration, and value creation through the lens of H-1B visa applications. We find that the spatial distribution of H-1B visas, which are awarded to highly skilled foreign-born workers, is heavily concentrated in a few...