Working Papers 2026

2026

1. Casual Narrative. Chad Kendall. Coauthor: Constantin Charles.

2. The Cross-Sectional Intercept in Asset Pricing Tests. Alex Horenstein. Coauthor: Paulo Maio.

3. Metric over Mind: How CAPM’s Alpha Overrides Ethical Judgment in Asset Management. Alex Horenstein. Coauthors: Joseph Avery, Daniele Macciocchi, Ann Olazábal.

4. On the Efficiency of Runnable Banking Arrangements. David Andolfatto. Coauthor: Ed Nosal.

5. Tariff Policy with an Exorbitant Privilege. David Andolfatto. Coauthor: Roozbeh Hosseini. 

6. Monetary Policy and the COVID-19 Inflation Shock. David Andolfatto. Coauthor: Fernando Martin. 

7. AI, Scale, and Task-Based Theories of Automation. Christina Qiu. Coauthors: Danial Lashkari, Wensu Li, Neil Thompson.

8. Endogenous Transfer Networks Under Spatial Risk. Christina Qiu.

9. Inference on Cross-Sectional Fit in Linear Factor Models. Alex R. Horenstein  

10. Real Rate Rules and the Fiscal Backing of Inflation Targets. David Andolfatto.

11.  Vertical Mergers, Double Marginalization, and Foreclosure. Javier D. Donna. Coauthor: R. Blair 

12. Who Replaces Spirit? Entry, Exit, and Low-End Fares. Javier D. Donna. Coauthor: E.M. Guler 

13. Antitrust Policy and Artificial Intelligence. Javier D. Donna. Coauthors: R. Blair, E.M. Guler 

14. Unlawful Tariffs: Incidence, Damages, and Remedies. Javier D. Donna. Coauthors: R. Blair, Gunnar Heins 

15. Competing Bids for Warner Bros. Discovery: A Comparative Section 7 Analysis of Horizontal and Non-Horizontal Mergers. Javier D. Donna. Coauthor: R. Blair 

16. Assessing Displacement Risk in Relation to Health Outcomes among Black Women Living with HIV Using Spatial Analysis and Zip Code Level Data. Ian A. Wright. Coauthors: Mya Wright and Sannisha K. Dale 

17. Equilibria, Folds, and Escapes. Noah Williams.

18. Collusive Outcomes Without Collusion: Algorithmic Pricing in a Duopoly Model. Noah Williams. Coauthor: In-Koo Cho. 

19. Uncertain Network Dynamics. Noah Williams.

20. Disagreement in Information Networks. Noah Williams.

21. Sovereign Debt, Inflation, and Capital Distortion: Quantifying Argentina’s First-Order Growth Margins. Alex R. Horenstein, Manuel Santos. Coauthors:  Fernando Garcia-Belenguer Campos.