Working papers
The Credit Supply Channel of Monetary Policy Tightening and its Distributional Impacts
NBER WP
(with Josh Bosshardt, Marco Di Maggio and Amir Kermani)
Keywords: corporate finance, Interest rate, Mortgage lending, house prices, Debt-to-income (DTI)
Finfluencers
SSRN, CEPR WP
(with Seyed Kazempour, Dmitry Livdan and Norman Schürhoff)
Keywords: Big data, Mixture modeling, Retail traders, Belief bias
The Value of Intermediaries for GSE Loans
NBER WP
Media: FHFA Insights
(with Josh Bosshardt and Amir Kermani)
Keywords: Intermediation, Underwriting risk, Overlays, Bank and Nonbanks
Monitoring and Pay for Long-run Performance
(with Kerry Back, Clint Hamilton and Hao Xing)
Keywords: Agency problems, Monitoring, Moral hazard, Reward, Airline stops
Are Patents with Female Inventors Under-Cited? Evidence from Causal Text Estimation
NBER WP
(with Yael V. Hochberg, Peiyao Li and Kunal Sachdeva)
Keywords: Big data, Transformers, Causal inference, Gender, Patent, Innovation
Process Intangibles and Agency Conflicts
(with Hui Chen, Mazi Kazemi and Hao Xing)
Keywords: Agency problems, Compensation, firm dynamics, Process intangibles, Intangibles
Banking on the Edge: Liquidity Constraints and Illiquid Asset Risk
(with Josh Bosshardt and Farzad Saidi)
Keywords: Intermediation, Liquidity regulation, Bank risk taking, Insurance sector, LCR, NSFR
Life after Default: Dealer Intermediation and Recovery in Defaulted Corporate Bonds
SSRN, CEPR WP
(with Friedrich Baumann, Dmitry Livdan, Abdolreza Nazemi and Norman Schürhoff)
Keywords: Big data, Market microstructure, Corporate default, Recovery rate, Corporate bonds, OTC
Cash Policies and Firm Size
(with Max Reppen, Tarik Umar and Hao Xing)
Keywords: Corporate finance, Cash holding, Liquidity management, Financial flexibility, Costly financing
Heterogeneous Learning in Product Markets
(with Giacomo Lanzani and Hao Xing)
Keywords: Agency problems, Product markets, Learning, Asset pricing, Trading volume, Market power
Preparing for the Storm: Firm Policies and Time-varying Recession Risk
(with Dmitry Livdan, Max Reppen and Tarik Umar)
Keywords: Corporate finance, Recession risk, Business cycle, Liquidity
Segmented Trading Markets: Competition, Fees, and Tax Policies
(with Kerry Back, Oguzhan Celebi and Max Reppen)
Keywords: Market microstructure, Trading volume, Liquidity, Tax, Market segmentation
The Bank Liquidity Channel of Financial (In)stability
(with Josh Bosshardt and Farzad Saidi)
Keywords: Intermediation, Complexity, GFC, Quantitative easing
Public vs. Private offers with informed and forward-looking dealers
(with Fei Song)
Keywords: Market microstructure, Municipal bond, Liquidity, Trading volume, Disclosure, Welfare
Publications
- information frictions, intermediation, contract
Advising the Management: A Theory of Shareholder Engagement
SSRN, Online Appendix, (Lead article and Editor’s Choice article)
Review of Financial Studies (RFS)
vol 36 (with Uliana Loginova, Andrey Malenko, Nadya Malenko)
Keywords: Corporate finance, Advisory voting, Advisory board, Incentive, Trading
Information Choice and Amplification of Financial Crises
Review of Financial Studies (RFS)
vol 30 (with Toni Ahnert)
Keywords: Intermediation, Financial crises, Information panics, Costly information acquisition, Global games
Optimal Contracting in Networks
Journal of Economic Theory (JET)
vol 183 (with Ali Jadbabaie)
Keywords: Contract, Compensation, Network externality, Financial networks
Dynamic Pricing in Social Networks: The Word of Mouth Effect
Management Science (MS)
vol 64 (with Amir Ajorlou and Ali Jadbabaie)
Keywords: Firm dynamics, COASE Conjecture, Price fluctuations, Zero pricing, Information diffusion
Dynamic Price Discovery: Transparency vs. Information Design
Games and Economic Behavior (GEB)
vol 122 (with Fei Song)
Keywords: Market microstructure, Information design, Dynamic price discovery, Learning dynamics, Heterogenous risk aversion, Hedging
When does introducing verifiable communication choices improve welfare?
Journal of Economic Behavior and Organization (JEBO)
vol 210 (with Uliana Loginova)
Keywords: Corporate governance, Communication technologies, Welfare, Board of directors
Competition in Electricity Markets with Renewable Energy Sources
Energy Journal (invited)
vol 38 (with Daron Acemoglu and Asu Ozdaglar)
Keywords: Merit order effect hypothesis, Forward contract, Renewable energy, Price volatility
- A preliminary version of this paper was accepted for presentation in 52nd Annual Allerton Conference, UIUC (Allerton'14)
- agency problems, mechanism design, auctions
The Credit Supply Channel of Monetary Policy Tightening and its Distributional Impacts
NBER WP
(with Josh Bosshardt, Marco Di Maggio and Amir Kermani)
Keywords: corporate finance, Interest rate, Mortgage lending, house prices, Debt-to-income (DTI)
Finfluencers
SSRN, CEPR WP
(with Seyed Kazempour, Dmitry Livdan and Norman Schürhoff)
Keywords: Big data, Mixture modeling, Retail traders, Belief bias
The Value of Intermediaries for GSE Loans
NBER WP
Media: FHFA Insights
(with Josh Bosshardt and Amir Kermani)
Keywords: Intermediation, Underwriting risk, Overlays, Bank and Nonbanks
Monitoring and Pay for Long-run Performance
(with Kerry Back, Clint Hamilton and Hao Xing)
Keywords: Agency problems, Monitoring, Moral hazard, Reward, Airline stops
Are Patents with Female Inventors Under-Cited? Evidence from Causal Text Estimation
NBER WP
(with Yael V. Hochberg, Peiyao Li and Kunal Sachdeva)
Keywords: Big data, Transformers, Causal inference, Gender, Patent, Innovation
Process Intangibles and Agency Conflicts
(with Hui Chen, Mazi Kazemi and Hao Xing)
Keywords: Agency problems, Compensation, firm dynamics, Process intangibles, Intangibles
Banking on the Edge: Liquidity Constraints and Illiquid Asset Risk
(with Josh Bosshardt and Farzad Saidi)
Keywords: Intermediation, Liquidity regulation, Bank risk taking, Insurance sector, LCR, NSFR
Life after Default: Dealer Intermediation and Recovery in Defaulted Corporate Bonds
SSRN, CEPR WP
(with Friedrich Baumann, Dmitry Livdan, Abdolreza Nazemi and Norman Schürhoff)
Keywords: Big data, Market microstructure, Corporate default, Recovery rate, Corporate bonds, OTC
Cash Policies and Firm Size
(with Max Reppen, Tarik Umar and Hao Xing)
Keywords: Corporate finance, Cash holding, Liquidity management, Financial flexibility, Costly financing
Heterogeneous Learning in Product Markets
(with Giacomo Lanzani and Hao Xing)
Keywords: Agency problems, Product markets, Learning, Asset pricing, Trading volume, Market power
Preparing for the Storm: Firm Policies and Time-varying Recession Risk
(with Dmitry Livdan, Max Reppen and Tarik Umar)
Keywords: Corporate finance, Recession risk, Business cycle, Liquidity
Segmented Trading Markets: Competition, Fees, and Tax Policies
(with Kerry Back, Oguzhan Celebi and Max Reppen)
Keywords: Market microstructure, Trading volume, Liquidity, Tax, Market segmentation
The Bank Liquidity Channel of Financial (In)stability
(with Josh Bosshardt and Farzad Saidi)
Keywords: Intermediation, Complexity, GFC, Quantitative easing
Public vs. Private offers with informed and forward-looking dealers
(with Fei Song)
Keywords: Market microstructure, Municipal bond, Liquidity, Trading volume, Disclosure, Welfare
Publications
- information frictions, intermediation, contract
Advising the Management: A Theory of Shareholder Engagement
SSRN, Online Appendix, (Lead article and Editor’s Choice article)
Review of Financial Studies (RFS)
vol 36 (with Uliana Loginova, Andrey Malenko, Nadya Malenko)
Keywords: Corporate finance, Advisory voting, Advisory board, Incentive, Trading
Information Choice and Amplification of Financial Crises
Review of Financial Studies (RFS)
vol 30 (with Toni Ahnert)
Keywords: Intermediation, Financial crises, Information panics, Costly information acquisition, Global games
Optimal Contracting in Networks
Journal of Economic Theory (JET)
vol 183 (with Ali Jadbabaie)
Keywords: Contract, Compensation, Network externality, Financial networks
Dynamic Pricing in Social Networks: The Word of Mouth Effect
Management Science (MS)
vol 64 (with Amir Ajorlou and Ali Jadbabaie)
Keywords: Firm dynamics, COASE Conjecture, Price fluctuations, Zero pricing, Information diffusion
Dynamic Price Discovery: Transparency vs. Information Design
Games and Economic Behavior (GEB)
vol 122 (with Fei Song)
Keywords: Market microstructure, Information design, Dynamic price discovery, Learning dynamics, Heterogenous risk aversion, Hedging
When does introducing verifiable communication choices improve welfare?
Journal of Economic Behavior and Organization (JEBO)
vol 210 (with Uliana Loginova)
Keywords: Corporate governance, Communication technologies, Welfare, Board of directors
Competition in Electricity Markets with Renewable Energy Sources
Energy Journal (invited)
vol 38 (with Daron Acemoglu and Asu Ozdaglar)
Keywords: Merit order effect hypothesis, Forward contract, Renewable energy, Price volatility
- A preliminary version of this paper was accepted for presentation in 52nd Annual Allerton Conference, UIUC (Allerton'14)
- agency problems, mechanism design, auctions
Book: Resource Allocation in Decentralized Systems with Strategic Agents: An Implementation Theory Approach
Springer Outstanding PhD Thesis Award
Winner of the Richard and Eleanor Towner Prize
for Distinguished Academic Achievement
Keywords: Agency problems, Mechanism design, Contract, Complex Networks, Optimal pricing
Springer Outstanding PhD Thesis Award
Winner of the Richard and Eleanor Towner Prize
for Distinguished Academic Achievement
Keywords: Agency problems, Mechanism design, Contract, Complex Networks, Optimal pricing
Book Chapter: Power Allocation, Spectrum Sharing, and Revenue Maximization in Networks: An Implementation Theory Approach Ch. 5 in Mechanisms and Games for Dynamic Spectrum Allocation. Editors: T. Alpcan, H. Boche, M. Honig, H. Vincent Poor.
Cambridge University Press
(with A. Nayyar, S. Sharma and D. Teneketzis)
Keywords: Agency problems, Mechanism design, Auction, Contract, Complex Networks
Pay To Bid Auctions: To bid or not to bid
Operations Research Letters (ORL)
vol 41 [Extended version with re-entry effects]
Keywords: Agency problems, Auction, Pay to bid auctions, Risk loving bidders, Entry and re-entry effect
An Efficient Game Form for Unicast Service Provisioning
IEEE Transactions on Automatic Control (TAC)
vol 57 (with Demos Teneketzis)
Keywords: Agency problems, Mechanism design, Full Nash Implementation, Market mechanisms, Wallrasian equilibrium, Complex Networks
Power Allocation and Spectrum Sharing in Multiuser Multichannel Systems with Strategic Users
IEEE Transactions on Automatic Control (TAC)
vol 57 (with Demos Teneketzis)
Keywords: Agency problems, Mechanism design, Full Nash Implementation, Public good mechanisms, Lindahl equilibrium, Budget balance on and off equilibrium, Individual rationality, Contract
An Efficient Game Form for Multi-rate Multicast Service Provisioning
IEEE Journal on Selected Areas in Communications (JSAC)
Lead article in the Special issue on "Network Economics"
vol 30 (with Demos Teneketzis)
Keywords: Agency problems, Mechanism design, Nash Implementation, Public good/Market mechanisms, Lindahl/Wallrasian equilibrium, Budget balance on and off equilibrium, Individual rationality, Contract
- discrete optimization, information theory
Tight Bounds On the Redundancy of Huffman codes
IEEE Transactions on Information Theory (IT)
vol 58 (with Soheil Mohajer, Payam Pakzad)
Keywords: A proof to the YE & YEUNG Conjecture with extensions, Huffman coding, Information (Shannon) theory, Probability theory
On Describing the Routing Capacity Regions of Networks
Mathematical Methods of Operations Research (MMOR)
vol 72 (with Sadegh M. S. Yazdi)
Keywords: Complexity theory, Probabilistic methods, Fourier–Motzkin elimination, Farkas lemma, Japanese theorem
Cambridge University Press
(with A. Nayyar, S. Sharma and D. Teneketzis)
Keywords: Agency problems, Mechanism design, Auction, Contract, Complex Networks
Pay To Bid Auctions: To bid or not to bid
Operations Research Letters (ORL)
vol 41 [Extended version with re-entry effects]
Keywords: Agency problems, Auction, Pay to bid auctions, Risk loving bidders, Entry and re-entry effect
An Efficient Game Form for Unicast Service Provisioning
IEEE Transactions on Automatic Control (TAC)
vol 57 (with Demos Teneketzis)
Keywords: Agency problems, Mechanism design, Full Nash Implementation, Market mechanisms, Wallrasian equilibrium, Complex Networks
Power Allocation and Spectrum Sharing in Multiuser Multichannel Systems with Strategic Users
IEEE Transactions on Automatic Control (TAC)
vol 57 (with Demos Teneketzis)
Keywords: Agency problems, Mechanism design, Full Nash Implementation, Public good mechanisms, Lindahl equilibrium, Budget balance on and off equilibrium, Individual rationality, Contract
An Efficient Game Form for Multi-rate Multicast Service Provisioning
IEEE Journal on Selected Areas in Communications (JSAC)
Lead article in the Special issue on "Network Economics"
vol 30 (with Demos Teneketzis)
Keywords: Agency problems, Mechanism design, Nash Implementation, Public good/Market mechanisms, Lindahl/Wallrasian equilibrium, Budget balance on and off equilibrium, Individual rationality, Contract
- discrete optimization, information theory
Tight Bounds On the Redundancy of Huffman codes
IEEE Transactions on Information Theory (IT)
vol 58 (with Soheil Mohajer, Payam Pakzad)
Keywords: A proof to the YE & YEUNG Conjecture with extensions, Huffman coding, Information (Shannon) theory, Probability theory
On Describing the Routing Capacity Regions of Networks
Mathematical Methods of Operations Research (MMOR)
vol 72 (with Sadegh M. S. Yazdi)
Keywords: Complexity theory, Probabilistic methods, Fourier–Motzkin elimination, Farkas lemma, Japanese theorem
Last Update: 2022