|
|
AEA/AFA Joint Luncheon Address
Other Recent Public Talks
Covid-19 Policy Notes
Working Papers
- Quantifying the High-Frequency Trading "Arms Race": A Simple New Methodology and Estimates
(with Matteo Aquilina and Peter O'Neill)
Released Jan 2020 as a UK Financial Conduct Authority working paper
-
FCA Occasional Paper landing page with brief summary and links
Paper Appendix
FCA Insight brief description of the paper
Press: WSJ, FT, Matt Levine
- A Theory of Stock Exchange Competition and Innovation: Will the Market Fix the Market?
(with Robin Lee and John Shim)
NBER Working Paper No. 25855
Press: Matt Levine, WSJ
Policy: SEC Commissioner Jackson, SEC Feb 2020 Proposal re Market Data Infrastructure
Latest draft: Dec 2019
-
The Economic Limits of Bitcoin and the Blockchain
Slides
NBER Working Paper No. 24717
AFA Panel: Blockchain Myth and Reality
Press: Bloomberg, Barrons, MIT Technology Review, Techcrunch, Marginal Revolution
Latest draft: June 2018
-
Bringing Real Market Participants' Real Preferences Into the Lab: An Experiment that Changed the Course Allocation Mechanism at Wharton
(with Judd Kessler)
Revise and Resubmit, Management Science
Latest draft: Dec 2018.
NBER Working Paper No. 22448
Press: FT, Bloomberg Businessweek
A-CEEI Mechanism Theory Paper
-
An Improved Bound for the Shapley-Folkman Theorem
(with Philip J. Reny)
Revise and Resubmit, Journal of Mathematical Economics
Latest draft: April 2019.
-
Primary-Market Auctions for Event Tickets: Eliminating the Rents of "Bob the Broker"?
(with Aditya Bhave)
Revise and Resubmit, American Economic Journal: Microeconomics
NBER Working Paper No. 23770
Press: Freakonomics Podcast, NBER Digest
Latest draft: July 2018.
Published and Forthcoming Papers
-
Strategy-proofness in the Large
(with Eduardo Azevedo)
Published: Review of Economic Studies Vol. 86(1), Jan 2019, pp 81-116
Supplementary Appendix
2016 Working Paper Version
-
Course Match: A Large-Scale Implementation of Approximate Competitive Equilibrium from Equal Incomes for Combinatorial Allocation
(with Gerard Cachon, Judd Kessler and Abe Othman)
Published: Operations Research, Vol. 65(2), March-April 2017, pp 314-336
Wharton "Course Match" Website
Press: FT, Bloomberg Businessweek
A-CEEI Mechanism Theory Paper
-
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)
Online Appendix
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
Response to ESMA's Call for Evidence re Periodic Auctions
Short Paper with Additional Implementation Details
-
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
-
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
-
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
-
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
-
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
Non-Refereed Papers
|
