User profiles for L. Kogan

Leonid Kogan

- Verified email at mit.edu - Cited by 8926

Lori Kogan

- Verified email at colostate.edu - Cited by 6094

Smart contracts and decentralized finance

K John, L Kogan, F Saleh - Annual Review of Financial …, 2023 - annualreviews.org
We explain the mechanics of smart contracts. We then highlight the benefits of smart
contracts, such as overcoming commitment problems. We also discuss limitations, such as the …

Technological innovation, resource allocation, and growth

L Kogan, D Papanikolaou, A Seru… - The quarterly journal of …, 2017 - academic.oup.com
We propose a new measure of the economic importance of each innovation. Our measure
uses newly collected data on patents issued to US firms in the 1926 to 2010 period, combined …

Equilibrium cross section of returns

J Gomes, L Kogan, L Zhang - Journal of Political Economy, 2003 - journals.uchicago.edu
We construct a dynamic general equilibrium production economy to explicitly link expected
stock returns to firm characteristics such as firm size and the book‐to‐market ratio. Stock …

Catching up with the Joneses: Heterogeneous preferences and the dynamics of asset prices

YL Chan, L Kogan - Journal of Political Economy, 2002 - journals.uchicago.edu
We analyze a general equilibrium exchange economy with a continuum of agents who have
“catching up with the Joneses” preferences and differ only with respect to the curvature of …

Economic activity of firms and asset prices

L Kogan, D Papanikolaou - Annu. Rev. Financ. Econ., 2012 - annualreviews.org
In this review we survey the recent research on the fundamental determinants of stock
returns. These studies explore how firms' systematic risk and their investment and production …

A reliability generalization study of the teacher efficacy scale and related instruments

RK Henson, LR Kogan… - Educational and …, 2001 - journals.sagepub.com
Teacher efficacy has proven to be an important variable in teacher effectiveness. It is
consistently related to positive teaching behaviors and student outcomes. However, the …

Behavioral reasons for relinquishment of dogs and cats to 12 shelters

…, J Hutchison, R Ruch-Gallie, L Kogan… - Journal of Applied …, 2000 - Taylor & Francis
The Regional Shelter Relinquishment Study sponsored by the National Council on Pet
Population Study and Policy (NCPPSP) is a national research project designed to explore the …

Pricing American options: A duality approach

MB Haugh, L Kogan - Operations Research, 2004 - pubsonline.informs.org
We develop a new method for pricing American options. The main practical contribution of
this paper is a general algorithm for constructing upper and lower bounds on the true price of …

Asset prices and real investment

L Kogan - Journal of Financial Economics, 2004 - Elsevier
… Specifically, I adopt the general equilibrium model of investment developed in Kogan (2001).
It is a two-sector model, in which one of the sectors is subject to constraints on investment. …

The price impact and survival of irrational traders

L Kogan, SA Ross, J Wang… - The Journal of …, 2006 - Wiley Online Library
Milton Friedman argued that irrational traders will consistently lose money, will not survive,
and, therefore, cannot influence long‐run asset prices. Since his work, survival and price …