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The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response
Arms Race Frequent Batch
2015/9/18
The high-frequency trading arms race is a symptom of flawed market design. Instead
of the continuous limit order book market design that is currently predominant, we argue
that financial...
Workplace Segregation in the United States: Race, Ethnicity, and Skill
Race Ethnicity Skill
2015/9/18
*This is a substantially revised version of an earlier version of this paper by the same name. This
research was funded by the Russell Sage Foundation and NIH. We are grateful to Megan Brooks, Joel
...
Will I Stay or Will I Go?: Cooperative and Competitive Effects of Workgroup Sex and Race Composition on Turnover
Competition Ethnicity Characteristics Race Characteristics Groups and Teams Identity Resignation and Termination Gender Characteristics Cooperation
2015/4/23
We develop an integrated theory of the social identity mechanisms linking workgroup sex and race composition across levels with individual turnover. Building on social identity research, we theorize t...
Race to the Top and Race to the Bottom: Tax Competition in Rural China
Race to the Top Race to the Bottom Tax Competition Rural China
2014/3/12
Fiscal federalism has been argued to intensify regional competition and promote economic growth in the literature. This paper is the first, to our knowledge, to empirically assess the extent of strate...