New Jacob Photos

I’m running behind on maintaining Jacob’s photos, but I uploaded a bunch (with a video and some letters) to his website (new material under November 2004-January 2005).

Moral Hazard and the Initial Public Offering

My colleague Christine Hurt wrote a paper, the Moral Hazard and the Initial Public Offering, which is now available on Westlaw at 26 cdzlr 711. You can also download an earlier version from SSRN. Christine takes a critical look at…