P
Pierre-Olivier Weill
Researcher at University of California, Los Angeles
Publications - 85
Citations - 3470
Pierre-Olivier Weill is an academic researcher from University of California, Los Angeles. The author has contributed to research in topics: Market liquidity & Asset (economics). The author has an hindex of 28, co-authored 85 publications receiving 3181 citations. Previous affiliations of Pierre-Olivier Weill include Center for Economic and Policy Research & University of California, Berkeley.
Papers
More filters
Posted Content
A search-based theory of the on-the-run phenomenon
TL;DR: In this paper, the authors propose a model in which assets with identical cash flows can trade at different prices, and show that short-sellers can endogenously concentrate in one asset because of search externalities and the constraint that they must deliver the asset they borrowed.
Journal ArticleDOI
Leaning Against the Wind
TL;DR: In this paper, the optimal dynamic liquidity provision in a theoretical market setting with large and temporary selling pressure, and order-execution delays, was studied, and it was shown that competitive market makers offer the socially optimal amount of liquidity, provided they have access to sufficient capital.
Journal ArticleDOI
A Search-Based Theory of the On-the-Run Phenomenon
TL;DR: In this article, the authors propose a model in which assets with identical cash flows can trade at different prices, and show that shortsellers can endogenously concentrate in one asset because of search externalities and the constraint that they must deliver the asset they borrowed.
Journal ArticleDOI
Why Has House Price Dispersion Gone Up
Stijn Van Nieuwerburgh,Stijn Van Nieuwerburgh,Stijn Van Nieuwerburgh,Pierre-Olivier Weill,Pierre-Olivier Weill +4 more
TL;DR: In this article, the authors investigate the 30-year increase in the level and dispersion of house prices across U.S. metropolitan areas in a calibrated dynamic general equilibrium island model.
Journal ArticleDOI
Learning from Prices: Public Communication and Welfare
TL;DR: This paper studied the effect of releasing public information about productivity or monetary shocks using a micro-founded macroeconomic model in which agents learn from the distribution of nominal prices and found that the optimal communication policy is always to release either all or none of the information.