The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response
(with Peter Cramton and John Shim)
Revise and Resubmit, Quarterly Journal of Economics
Winner, 2014 AQR Insight Award
Latest draft: December 2013.
Seminar Slides (updated May 2014)
Panel Discussions: CME, Chicago Booth, CFTC TAC
Press: FT, Bloomberg, Chicago Tribune, Bloomberg Editorial
Policy Discussion: SEC Chair White Speech, European Commission, NY AG Speech
CFTC Comment Letter
Short Paper with Additional Implementation Details
Do Firms Underinvest in Long-Term Research? Evidence from Cancer Clinical Trials
(with Benjamin Roin and Heidi Williams)
Revise and Resubmit, American Economic Review
Latest draft: September 2014.
Press: Slate, The Economist
Awarded the Kauffman/iHEA Award for Health Care Entrepreneurship and Innovation Research
Changing the Course Allocation Mechanism at Wharton
(with Judd Kessler)
Latest draft: Oct 2014.
Wharton "Course Match" Website
CEEI Mechanism Theory Paper
Primary-Market Auctions for Event Tickets: Eliminating the Rents of "Bob the Broker"
(with Aditya Bhave)
Latest draft: Jan 2014.
Strategy-proofness in the Large
(with Eduardo Azevedo)
Latest draft: March 2013.
Published and Forthcoming Papers
Designing Random Allocation Mechanisms: Theory and Applications
(with Yeon-Koo Che,
Fuhito Kojima and
Published: American Economic Review, Vol. 103(2), April 2013, pp 585-623
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
Implementation at Wharton
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.
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)
Buy Prices in Online Auctions: Irrationality on the Internet?
(with Lisa Takeyama)
Published: Economics Letters Vol. 72(3), 2001, pp. 325-33