Publications in Refereed Journals

The Standard Market Risk Model of the Swiss Solvency Test: An Analytic Solution,  Journal of Computational Finance (accepted) (working paper version)

On the Effect of Aggregate Uncertainty on Certification Intermediaries’ Incentives to Distort Ratings, with Petra Loerke, European Economic Review (accepted) (working paper version), previous title: “Crises and Rating Agencies”

A Search Model of Rental Markets: Who Should Pay the Commission?, with Chengsi Wang, International Journal of Industrial Organization (2018) (working paper version)

Solvency II Reporting: How to Interpret Funds’ Aggregate SCR Figures, with Balazs Mezofi, Daniel Niedermayer, and Balazs Suli,  Insurance: Mathematics and Economics (2017) (working paper version)

Does a Platform Monopolist Want Competition?, Review of Network Economics, 2016 (working paper version)

For-Profit Search Platforms, with Art Shneyerov, International Economic Review, 2014, (Supplemental Appendix) (working paper version)
This paper is on the reading list of Jean Tirole’s “Topics in Industrial Organization” course at TSE.

On Platforms, Incomplete Contracts, and Open Source Software,  International Journal of Industrial Organization,  2013 (working paper version)

Breaking Up a Research Consortium, with Jianjun Wu, International Journal of Industrial Organization,  2013 (working paper version)

Handbooks Chapters

“Applying Markowitz’s Critical Line Algorithm”, with Daniel Niedermayer, 2010, “Handbook of Portfolio Construction: Contemporary Applications of Markowitz Techniques” edited by John Guerard, London: Springer (working paper versionprovided software)

Working Papers

Entry-Deterring Agency, 2017, with Simon Loertscher, revise & resubmit Games and Economic Behavior (previous title: Predatory Platforms)

An Optimal Pricing Theory of Transaction Fees in Thin Markets, 2017, with Simon Loertscher

Percentage Fees in Thin Markets: An Empirical Perspective, 2017, with Simon Loertscher, Online Supplement, revise & resubmit American Economic Journal: Microeconomics

Foreclosure Auctions, 2016, with Art Shneyerov and Pai Xu, revise & resubmit, RAND Journal of Economics

Competitive Non-linear Pricing: Evidence from the French Automobile Market, 2016, with Isis Durrmeyer and Art Shneyerov

Career Concerns and Career Choice, 2015, with Marc Blatter

Work In Progress

International Comparison of Brokerage Fees, with David Genesove and Simon Loertscher

Structural Estimation of Reserve Price Signaling in Auctions (with Art Shneyerov and Pai Xu)

Identification in First-Price Auctions with a Reserve Price in the Presence of Unobserved Heterogeneity (with Art Shneyerov)

Competition and Rent Extraction (with Dongsoo Shin)

Previous Versions of Working Papers

Fee-Setting Mechanisms: On Optimal Pricing by Intermediaries and Indirect Taxation, with Simon Loertscher, supersedes our previous paper titled “When is Seller Price Setting with Linear Fees Optimal for Intermediaries?”

Assessing the Performance of Simple Contracts Empirically: The Case of Percentage Fees, with Simon Loertscher

Fee Setting Intermediaries: On Real Estate Agents, Stock Brokers, and Auction Houses, with Simon Loertscher

Percentage Fees in Thin Markets: An Optimal Pricing Perspective, 2016, with Simon Loertscher, Online Supplement, supersedes our previous papers “Fee Setting Mechanisms/Intermediaries” and “Assessing the Performance of Simple Contracts Empirically”