intermediary to impose redemption fees or gates in a crisis - a form of suspension of convertibility - can lead to preemptive runs … uncertainty is resolved before redeeming if redemption fees or gates cannot be imposed, but those same investors would redeem … preemptively if fees or gates are possible. Second, we show that for the intermediary, which maximizes the expected utility only of …

Fees are omnipresent in markets but, with few exceptions, are omitted in economic models-such as Double Auctions … Auctions hinges on whether the fees are homogeneous (as, e.g., fixed fees and price fees) or heterogeneous (as, e.g., bid …-ask spread fees). Double Auctions with homogeneous fees share the key advantages of Double Auctions without fees: markets with …

This paper shows that having access to a fast Internet connection is an important determinant of capitalization effects … average property from a high-speed first-generation broadband connection (offering Internet speed up to 8 Mbit/s) would …

Internet and social media usage. Instead of merely surveying the various impacts of the Internet, we examine the methods … limitations. The first approach involves searching for exogenous sources of variation in the access to fast Internet or specific … natural or quasi-experiments for identifying the causal impact of high-speed Internet or specific social media. This …

disrupts our sleep with detrimental effects on our health and cognitive performance. High-speed Internet promotes the use of … electronic devices, video games and Internet addiction (e.g., online games and cyberloafing). Exposure to artificial light from … relationship between technology use near bedtime and sleep. This paper studies the causal effects of access to high-speed Internet …

How does the internet affect young people's mental health? We study this question in the context of Italy using … combine with information on the availability of highspeed internet at the municipal level. Our identification strategy … previously irrelevant but became salient after the advent of the internet. We find that access to high-speed internet has a …

How does the internet affect young people’s mental health? We study this question in the context of Italy using … combine with information on the availability of high-speed internet at the municipal level. Our identification strategy … previously irrelevant but became salient after the advent of the internet. We find that access to high-speed internet has a …