COVID-19 has profoundly changed the way that we study and work. For students, especially primary and middle school students, online education has become a solution to learning problems. However, online and offline education have their own characteristics and different learning efficiencies in...

Modern Algorithmic Trading ("Algo") allows institutional investors and traders to liquidate or establish big security positions in a fully automated or low-touch manner. Most existing academic or industrial Algos focus on how to "slice" a big parent order into smaller child orders over a given...

We clarify that the widely used estimation method for the LOT liquidity model in the market microstructure literature is improper in the sense of econometric inference. Based on an extensive simulation study and a real data analysis, we show that this method not only overestimates the true...

We model the teacher-student relationship as an agency problem, where teachers are concerned with human capital formation and students --- ability signaling. The model's distinctive feature is that with grading rules unobservable for the job market the teacher finds grades costless incentives....

In new conditions an institution for successful work needs optimization of control, adaption of existing mathematical tools and development of new aspects. In the article it is suggested viewing the activities of higher educational institutions as production activities and higher educational...

This is a companion piece to an article that carefully analyzes tuition tax credit scholarship programs now popular around the country. This article offers a model statute for states considering or improving such programs that addresses concerns raised in my previous article. The companion...