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
Finalist, 2014 AQR Insight Award
Latest draft: December 2013.
Slides: Full Version, Shorter Version
Panel Discussions: CME, Chicago Booth, CFTC TAC
Press: FT, Bloomberg, Chicago Tribune
CFTC Comment Letter
Short Paper with Additional Implementation Details
Do Fixed Patent Terms Distort Innovation? Evidence from Cancer Clinical Trials
(with Benjamin Roin and Heidi Williams)
Revise and Resubmit, American Economic Review
Awarded the Kauffman/iHEA Award for Health Care Entrepreneurship and Innovation Research
Latest draft: September 2013.
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 Paul Milgrom)
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
Implementation Details for Frequent Batch Auctions: Slowing Down Markets to the Blink of an Eye
Forthcoming: American Economic Review Papers and Proceedings, May 2014
Main Paper on Frequent Batch Auctions
Matching "versus" Mechanism Design
Published: ACM SIGecom Exchanges, Vol. 11, No. 2, December 2012, pp. 4-15