4 citations · 6 across the 14 of their papers we have counts for
3 papers · 1 filter
The Cross-Section of Stock Returns and AI Exposure
Nicola Borri, Yukun Liu, Aleh Tsyvinski
We study 380 trillion tokens of realized AI consumption across more than four hundred LLMs. We build a high-frequency AI factor and show that a long-short strategy based on firms'…
Trading Frictions in Dynamic Cap-and-Trade Markets
Nicola Borri, Yukun Liu, Aleh Tsyvinski +1
Using 2.8 million EU ETS transactions and compliance records, 2005-2022, we document three facts about the world's largest carbon market: each year, 37% of regulated operators do n…
Triple/Double-Debiased Lasso
Denis Chetverikov, Jesper R. -V. Sørensen, Aleh Tsyvinski
In this paper, we propose a triple (or double-debiased) Lasso estimator for inference on a low-dimensional parameter in high-dimensional linear regression models. The estimator is…