Foreclosure Spillovers within Broad Neighborhoods

Strategic investments with spillovers, vertical integration and foreclosure in the broadband access market

We analyse competition between two retailers of broadband access when they differ in their ability to offer value-added services. One retailer is vertically integrated and controls the input-market for local access. This firm invests to increase the input quality (upgrading to broadband) before an access price regulation is set. We first show that access price regulation may lower consumer surp...

Evolution of gene neighborhoods within reconciled phylogenies

MOTIVATION Most models of genome evolution integrating gene duplications, losses and chromosomal rearrangements are computationally intract able, even when comparing only two genomes. This prevents large-scale studies that consider different types of genome structural variations. RESULTS We define an 'adjacency phylogenetic tree' that describes the evolution of an adjacency, a neighborhood r...

Spillovers and Subsidized Housing: The Impact of Subsidized Rental Housing on Neighborhoods

Any opinions expressed are those of the author and not those of the Joint Center for Housing Studies of Harvard University or of any of the persons or organizations providing support to the Joint Center for Housing Studies..

Mortgage Foreclosure Prevention Efforts

Speculation Spillovers Speculation Spillovers

This paper demonstrates that investor irrationality can be contagious across markets. Supplementing existing studies on resale option theory, we illustrate that warrant speculation could spill over to the underlying stock market. Our findings indicate that high turnover of underlying stocks is associated with previous day’s high unexpected turnover of warrants, or previous day’s larger price de...