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Working Papers
Work In Progress
- Stock Exchange Competition: Theory, Evidence and an Application to Market Design Innovation
(with Robin Lee and John Shim)
- Missing Markets for Innovation: Evidence from New Uses of Existing Drugs
(with Benjamin Roin and Heidi Williams)
Published and Forthcoming Papers
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Course Match: A Large-Scale Implementation of Approximate Competitive Equilibrium from Equal Incomes for Combinatorial Allocation
(with Gerard Cachon, Judd Kessler and Abe Othman)
Forthcoming, Operations Research
Latest draft: July 2015.
Wharton "Course Match" Website
Press: FT, Bloomberg Businessweek
CEEI Mechanism Theory Paper
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The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response
(with Peter Cramton and John Shim)
Published: Quarterly Journal of Economics 130(4), Nov 2015, pp 1547-1621 (lead article)
Winner, 2014 AQR Insight Award
Winner, 2015 Utah WFC Best Paper Award
Seminar Slides
Panel Discussions: CME, Chicago Booth, CFTC TAC
Press: FT, Bloomberg, Chicago Tribune, Bloomberg Editorial, Economist
Policy Discussion: SEC Chair White Speech, European Commission, NY AG Speech
CFTC Comment Letter
IEX Comment Letter
Comment Letter on Proposed Commission Interpretation of One Millisecond as De Minimis
Response to RFI on the Evolution of the U.S. Treasury Market Structure
Short Paper with Additional Implementation Details
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Do Firms Underinvest in Long-Term Research? Evidence from Cancer Clinical Trials
(with Benjamin Roin and Heidi Williams)
Published: American Economic Review, Vol 105(7), pp 2044-2085
Online Appendix
Press: Slate, The Economist, Bloomberg, New York Times
Winner, the Kauffman/iHEA Award for Health Care Entrepreneurship and Innovation Research
Winner, the Arrow Award for "best paper published in health economics" in 2015
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Designing Random Allocation Mechanisms: Theory and Applications
(with Yeon-Koo Che,
Fuhito Kojima and
Paul Milgrom)
Published: American Economic Review, Vol. 103(2), April 2013, pp 585-623
Online Appendix
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The Combinatorial Assignment Problem: Approximate Competitive Equilibrium from Equal Incomes
Published: Journal of Political Economy Vol. 119(6), Dec 2011, pp 1061-1103
2010 Working Paper Version
Data Appendix
Slides
Implementation at Wharton
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The Multi-Unit Assignment Problem: Theory and Evidence from Course Allocation at Harvard
(with Estelle Cantillon)
Published: American Economic Review Vol 102(5), Aug 2012, pp 2237-71.
Data Appendix
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Finding Approximate Competitive Equilibria: Efficient and Fair Course Allocation
(with Abe Othman and Tuomas Sandholm)
Published: Proc. of 9th Int. Conf. on Autonomous Agents and Multiagent Systems (AAMAS 2010)
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Buy Prices in Online Auctions: Irrationality on the Internet?
(with Lisa Takeyama)
Published: Economics Letters Vol. 72(3), 2001, pp. 325-33
Non-Refereed Papers
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