Discover and read the best of Twitter Threads about #KentuckyFin2019
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Very excited for this Kentucky Finance Conference. It’s one of my favorite “boutique” conferences; always a great set of papers and awesome discussants. I met @arpitrage here for the first time last year.
Thread warning; mute if boring.
uky.edu/financeconfere… #KentuckyFin2019
Thread warning; mute if boring.
uky.edu/financeconfere… #KentuckyFin2019
First up, “Endogenous Price War Risks” by Winston Dou (with Yan Ji and Wei Wu). Price wars are moves to a new, collusive low-price Nash Equilibrium #KentuckyFin2019 
Stylized facts:
1. (Low-frequency) consumption growth covaries with profit margins
2. There are more price wars when growth is low
3. Growth predicts profit margins particularly for low-innovation capacity industries
#KentuckyFin2019
1. (Low-frequency) consumption growth covaries with profit margins
2. There are more price wars when growth is low
3. Growth predicts profit margins particularly for low-innovation capacity industries
#KentuckyFin2019
