Joshua Mollner
Associate Professor (without tenure) of Managerial Economics & Decision Sciences
Kellogg School of Management, Northwestern University
Published and Forthcoming Papers
Equilibrium Selection in Auctions and High Stakes Games (with Paul Milgrom), Econometrica, Vol. 86, No. 1 (January 2018), pp. 219–261. [Internet Appendix]
Pedaling Peers: The Effect of Targets on Performance (with Markus Baldauf), Journal of Economic Behavior and Organization, Vol. 167 (November 2019), pp. 90–103. [Internet Appendix] [SSRN]
High-Frequency Trading and Market Performance (with Markus Baldauf), Journal of Finance, Vol. 75, No. 3 (June 2020), pp. 1495–1526. [Internet Appendix] [SSRN] [Slides]
Trading in Fragmented Markets (with Markus Baldauf), Journal of Financial and Quantitative Analysis, Vol. 56, No. 1 (February 2021), pp. 93–121. [Internet Appendix] [SSRN]
Best Microstructure Paper, Northern Finance Association, 2015
Extended Proper Equilibrium (with Paul Milgrom), Journal of Economic Theory, Vol. 194 (June 2021), Art. 105258. [Internet Appendix] [SSRN]
Coverage: Kellogg Insight
Fast Traders Make a Quick Buck: The Role of Speed in Liquidity Provision (with Markus Baldauf), Journal of Financial Markets, Vol. 58 (March 2022), Art. 100621. [Internet Appendix] [SSRN]
Lead Article
Coverage: Notre Dame Center for the Study of Financial Regulation Newsletter
Principal Trading Arrangements: When Are Common Contracts Optimal? (with Markus Baldauf and Christoph Frei), Management Science, Vol. 68, No. 4 (April 2022), pp. 3112–3128. [Internet Appendix] [SSRN]
Best Paper in Asset Pricing, SFS Cavalcade North America, 2019
Siphoned Apart: A Portfolio Perspective on Order Flow Segmentation (with Markus Baldauf and Bart Zhou Yueshen), Journal of Financial Economics, Vol. 154 (April 2024), Art. 103807. [SSRN]
Coverage: INSEAD Knowledge
Competition and Information Leakage (with Markus Baldauf), Journal of Political Economy, forthcoming. [Internet Appendix] [SSRN] [Presentation Video] [Slides]
Coverage: Kellogg Insight
Refereed Conference Proceedings
Approximate Efficiency in Matching Markets (with Nicole Immorlica, Brendan Lucier, and Glen Weyl), Proceedings of the 13th Conference on Web and Internet Economics (WINE '17), pp. 252–265.
Working Papers
Principal Trading Arrangements: Optimality under Temporary and Permanent Price Impact (with Markus Baldauf and Christoph Frei)
R&R, Journal of Financial Economics
Accepted for presentation at EC'23 [extended abstract]
Best Paper Award Semifinalist, FMA 2022
Approximately Efficient Resource Allocation: A Theoretical and Experimental Evaluation (with Nicole Immorlica, Robizon Khubulashvili, Sera Linardi, Brendan Lucier, and Glen Weyl)