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Collateralized Loan Obligations (CLOs) were one of the largest and fastest growing segments of the structured finance market, fueling the 2003-2007 boom in syndicated loans and leveraged buyouts. The credit crisis brought CLO issuance to a halt, and as a result the leveraged loan market dried...
Persistent link: https://www.econbiz.de/10012757547
We investigate how university governance affects research output, measured by patenting and international university research rankings. For both European and U.S. universities, we generate several measures of autonomy, governance, and competition for research funding. We show that university...
Persistent link: https://www.econbiz.de/10012757593
For 35 leading painters who lived in France during the first century of modern art, this paper uses textbook illustrations as the basis for measuring the importance of both painters and individual paintings. The rankings pose an interesting puzzle: why do some of the greatest artists not produce...
Persistent link: https://www.econbiz.de/10012838405
Many centralized matching schemes incorporate a mix of random lottery and non-lottery tie-breaking. A leading example is the New York City public school district, which uses criteria like test scores and interviews to generate applicant rankings for some schools, combined with lottery...
Persistent link: https://www.econbiz.de/10012930855
We replicate nine key results from the happiness literature: the Easterlin Paradox, the ‘U-shaped' relation between happiness and age, the happiness trade-off between inflation and unemployment, cross-country comparisons of happiness, the impact of the Moving to Opportunity program on...
Persistent link: https://www.econbiz.de/10012914253
unbiased informative ranking. The existence of the ranking might affect the welfare of all consumers negatively. With rigid … prices, the ranking induced change in demand can be detrimental to all consumers in markets featuring rationing or … consumption externalities. With perfectly flexible prices, the ranking might increase firms' market power, and hence lead to …
Persistent link: https://www.econbiz.de/10013024517
over other measures if these gaps matter. The answer to the question: “What is the human capital ranking of countries …
Persistent link: https://www.econbiz.de/10013020715
, downloaded, and cited over the next two years. Lower ranking on the list leads to fewer views and downloads, but not cites …
Persistent link: https://www.econbiz.de/10013022937
We show how to construct a ranking of U.S. undergraduate programs based on students' revealed preferences. We construct … extends models used for ranking players in tournaments, such as chess or tennis. When a student makes his matriculation … the information contained in thousands of these wins and losses. Our method produces a ranking that would be difficult for …
Persistent link: https://www.econbiz.de/10014069303
While the Sharpe ratio is still the dominant measure for ranking risky assets, a substantial effort has been made over … ranking measure which, under a regularity condition, correctly ranks risks relative to the original investor problem for a … probability distributions. This paper also explores the theoretical foundations of risk ranking, including proving a key …
Persistent link: https://www.econbiz.de/10013074912