Research
Liquidity, Banking, Information friction, Contract
The Cash-Cap Model: A Two-State Model of Firm Dynamics
(with Max Reppen, Tarik Umar and Hao Xing)
Keywords: Cash, Dividend, Investment, Issuance, Default, Liquidity, Risk
Multistage Financing: Milestone Bonuses or Deferred Compensation
(with Kerry Back and Hao Xing)
Keywords: Multistage projects, Moral hazard, Project financing, Venture capital
Cryptocurrency Venues: Segmentation, Fees, and Tax Policies
(with Kerry Back, Oguzhan Celebi and Max Reppen)
Keywords: Crypto market, Trading volume, Liquidity, Tax, Market segmentation
The Bank Liquidity Channel of Financial (In)stability
(with Josh Bosshardt and Farzad Saidi)
Keywords: Banking, Complexity, GFC, Quantitative easing
Heterogeneous Learning in Product Markets
(with Giacomo Lanzani and Hao Xing)
Keywords: Product markets, Learning, Asset pricing, Trading volume, Market power
Liquidity Regulation and Bank Risk Taking on the Horizon
(with Josh Bosshardt and Farzad Saidi)
Keywords: Liquidity regulation, Bank risk taking, Insurance sector, LCR, NSFR
Liquidity, Welfare and Transparency in Dynamic OTC markets
(with Fei Song)
Keywords: Microstructure of asset markets, Municipal bond, Liquidity, Trading volume, Disclosure, Welfare
Why did Firms Draw Down their Credit Lines during the COVID-19 Shutdown? (with Josh Bosshardt)
Keywords: Credit lines, COVID-19, Liquidity, Investment
When does introducing verifiable communication choices improve welfare? (with Uliana Loginova)
Keywords: Communication technologies, Welfare, Incentive, Cost structure
The Role of Managerial Protections On Bank Capital Requirements
(with Josh Bosshardt, Kunal Sachdeva)
Keywords: Banking, Capital requirement, Stress testing, Managerial protections, Investment, Corporate governance
Advising the Management: A Theory of Shareholder Engagement
SSRN, Online Appendix
Review of Financial Studies (RFS), Revise & Resubmit
(with Uliana Loginova, Andrey Malenko, Nadya Malenko)
Keywords: Corporate governance, Advisory voting, Advisory board, Incentive, Trading
Information Choice and Amplification of Financial Crises
Review of Financial Studies (RFS)
vol 30, no. 6, 2130-2178, 2018. (with Toni Ahnert)
Keywords: Banking, Financial crises, Information panics, Costly information acquisition, Global games
Optimal Contracting in Networks
Journal of Economic Theory (JET)
vol 183, no. 9, 1094-1153, 2019. (with Ali Jadbabaie)
Keywords: Optimal contracting, Incomplete information, Network externality, Financial networks
Dynamic Pricing in Social Networks: The Word of Mouth Effect
Management Science (MS)
vol 64, no. 2, pp. 971-979, 2018. (with Amir Ajorlou and Ali Jadbabaie)
Keywords: COASE Conjecture, Price fluctuations, Zero pricing, Information diffusion
Dynamic Price Discovery: Transparency vs. Information Design
Games and Economic Behavior (GEB)
vol 122, no. 7, pp. 203-232, 2020. (with Fei Song)
Keywords: Information design, Dynamic price discovery, Learning dynamics, Heterogenous risk aversion, Market microstructure, Hedging
Competition in Electricity Markets with Renewable Energy Sources
Energy Journal (invited) (with Daron Acemoglu and Asu Ozdaglar)
vol 38, no. SI1, pp. 137-155, 2018
Keywords: Energy finance, Commodity market, Renewable energy, Merit order effect hypothesis, Price volatility
- A preliminary version of this paper was accepted for presentation in 52nd Annual Allerton Conference, UIUC (Allerton'14).
Selling Wind
Energy Journal (with Ian Schneider and Asu Ozdaglar)
vol 40, no 3, pp. 167-195, 2019
Keywords: Energy finance, Commodity market, Market power, Pricing wind, Public forecasting, Collusion
The Cash-Cap Model: A Two-State Model of Firm Dynamics
(with Max Reppen, Tarik Umar and Hao Xing)
Keywords: Cash, Dividend, Investment, Issuance, Default, Liquidity, Risk
Multistage Financing: Milestone Bonuses or Deferred Compensation
(with Kerry Back and Hao Xing)
Keywords: Multistage projects, Moral hazard, Project financing, Venture capital
Cryptocurrency Venues: Segmentation, Fees, and Tax Policies
(with Kerry Back, Oguzhan Celebi and Max Reppen)
Keywords: Crypto market, Trading volume, Liquidity, Tax, Market segmentation
The Bank Liquidity Channel of Financial (In)stability
(with Josh Bosshardt and Farzad Saidi)
Keywords: Banking, Complexity, GFC, Quantitative easing
Heterogeneous Learning in Product Markets
(with Giacomo Lanzani and Hao Xing)
Keywords: Product markets, Learning, Asset pricing, Trading volume, Market power
Liquidity Regulation and Bank Risk Taking on the Horizon
(with Josh Bosshardt and Farzad Saidi)
Keywords: Liquidity regulation, Bank risk taking, Insurance sector, LCR, NSFR
Liquidity, Welfare and Transparency in Dynamic OTC markets
(with Fei Song)
Keywords: Microstructure of asset markets, Municipal bond, Liquidity, Trading volume, Disclosure, Welfare
Why did Firms Draw Down their Credit Lines during the COVID-19 Shutdown? (with Josh Bosshardt)
Keywords: Credit lines, COVID-19, Liquidity, Investment
When does introducing verifiable communication choices improve welfare? (with Uliana Loginova)
Keywords: Communication technologies, Welfare, Incentive, Cost structure
The Role of Managerial Protections On Bank Capital Requirements
(with Josh Bosshardt, Kunal Sachdeva)
Keywords: Banking, Capital requirement, Stress testing, Managerial protections, Investment, Corporate governance
Advising the Management: A Theory of Shareholder Engagement
SSRN, Online Appendix
Review of Financial Studies (RFS), Revise & Resubmit
(with Uliana Loginova, Andrey Malenko, Nadya Malenko)
Keywords: Corporate governance, Advisory voting, Advisory board, Incentive, Trading
Information Choice and Amplification of Financial Crises
Review of Financial Studies (RFS)
vol 30, no. 6, 2130-2178, 2018. (with Toni Ahnert)
Keywords: Banking, Financial crises, Information panics, Costly information acquisition, Global games
Optimal Contracting in Networks
Journal of Economic Theory (JET)
vol 183, no. 9, 1094-1153, 2019. (with Ali Jadbabaie)
Keywords: Optimal contracting, Incomplete information, Network externality, Financial networks
Dynamic Pricing in Social Networks: The Word of Mouth Effect
Management Science (MS)
vol 64, no. 2, pp. 971-979, 2018. (with Amir Ajorlou and Ali Jadbabaie)
Keywords: COASE Conjecture, Price fluctuations, Zero pricing, Information diffusion
Dynamic Price Discovery: Transparency vs. Information Design
Games and Economic Behavior (GEB)
vol 122, no. 7, pp. 203-232, 2020. (with Fei Song)
Keywords: Information design, Dynamic price discovery, Learning dynamics, Heterogenous risk aversion, Market microstructure, Hedging
Competition in Electricity Markets with Renewable Energy Sources
Energy Journal (invited) (with Daron Acemoglu and Asu Ozdaglar)
vol 38, no. SI1, pp. 137-155, 2018
Keywords: Energy finance, Commodity market, Renewable energy, Merit order effect hypothesis, Price volatility
- A preliminary version of this paper was accepted for presentation in 52nd Annual Allerton Conference, UIUC (Allerton'14).
Selling Wind
Energy Journal (with Ian Schneider and Asu Ozdaglar)
vol 40, no 3, pp. 167-195, 2019
Keywords: Energy finance, Commodity market, Market power, Pricing wind, Public forecasting, Collusion
Market-Mechanism design, Auctions
Book: Resource Allocation in Decentralized Systems with Strategic Agents: An Implementation Theory Approach
- Springer Outstanding PhD Thesis Award, 2014
- Winner of the Richard and Eleanor Towner Prize
for Distinguished Academic Achievement, 2013
Keywords: Full Nash Implementation, Contract, Wallrasian equilibrium, Lindahl equilibrium, Budget balance on and off equilibrium, Individual rationality, Complex Networks, Mechanism-Market design
Book: Resource Allocation in Decentralized Systems with Strategic Agents: An Implementation Theory Approach
- Springer Outstanding PhD Thesis Award, 2014
- Winner of the Richard and Eleanor Towner Prize
for Distinguished Academic Achievement, 2013
Keywords: Full Nash Implementation, Contract, Wallrasian equilibrium, Lindahl equilibrium, Budget balance on and off equilibrium, Individual rationality, Complex Networks, Mechanism-Market design
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, 2014.
(with A. Nayyar, S. Sharma and D. Teneketzis)
Keywords: Full Nash Implementation, Auction, Contract, Complex Networks, Mechanism-Market design
An Efficient Game Form for Unicast Service Provisioning
IEEE Transactions on Automatic Control (TAC)
vol. 57, no. 2, 2012. (with Demos Teneketzis)
- A preliminary version of this paper was accepted for presentation in
47th Annual Allerton Conference, UIUC, (Allerton'09).
Keywords: Full Nash Implementation, Market mechanisms, Wallrasian equilibrium, Complex Networks, Mechanism-Market design
Power Allocation and Spectrum Sharing in Multiuser Multichannel Systems with Strategic Users
IEEE Transactions on Automatic Control (TAC)
vol. 57, no. 5, 2012. (with Demos Teneketzis)
- A preliminary version of this paper was accepted for presentation in
49th Conference on Decision and Control, (CDC2010).
Keywords: Full Nash Implementation, Public good mechanisms, Lindahl equilibrium, Budget balance on and off equilibrium, Individual rationality, Contract
Pay To Bid Auctions: To bid or not to bid
Operations Research Letters (ORL)
vol 41, no 5, 2014. [Extended version with re-entry effects]
Keywords: Dynamic Auction, Pay to bid auctions, Risk loving bidders, Entry and re-entry effect
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, no. 11, 2012. (with Demos Teneketzis)
Keywords: Nash Implementation, Public good/Market mechanisms, Lindahl/Wallrasian equilibrium, Budget balance on and off equilibrium, Individual rationality, Contract
Shannon capacity, Entropy cost, Discrete optimization
Tight Bounds On the Redundancy of Huffman codes
IEEE Transactions on Information Theory (IT)
vol. 58, no. 11, 2012. (with Soheil Mohajer, Payam Pakzad)
Keywords: A proof to the YE & YEUNG Conjecture with extensions, Huffman coding, Information (Shannon) theory, Probability theory
Anti-Uniform Huffman Codes
IET Communications
vol. 5, 2012. (with Soheil Mohajer)
Keywords: Information (Shannon) theory, AUH codes, Huffman coding
On the construction of prefix-free and fix-free codes with specified codeword compositions
Discrete Applied Mathematics (DAM)
vol. 159, 2011. (with Morteza Zadimoghaddam)
Keywords: A proof to the CARTER & GILL Conjecture for distinct codes, Approximation algorithm
On Describing the Routing Capacity Regions of Networks
Mathematical Methods of Operations Research (MMOR)
vol. 72, 2012. (with Sadegh M. S. Yazdi)
Keywords: Complexity theory, Probabilistic methods, Fourier–Motzkin elimination, Farkas lemma, Japanese theorem
Book Chapter: On the Routing Capacity Regions of Networks
iConcept press. (with Sadegh M. S. Yazdi)
Keywords: Discrete optimization, Farkas lemma, Japanese theorem, Complexity theory, Probabilistic methods, Network capacity
Last Update: Oct 2020