I use an episode of relatively tight credit supply in the jumbo mortgage market to quantify the importance of price and non-price credit supply mechanisms in explaining changes in borrowing. Following ...

Theme of the Lecture: when can institutions not improve efficiency? When can we not improve upon market outcomes? Coase Theorem: Efficiency and Bargaining -- closely related to value maximization.

Western and allied countries are mobilizing resources for new mining projects at an unprecedented pace to secure critical mineral supply chains and counter China’s dominance. Yet achieving long-term ...