Research

  “Philosophy is a battle against the bewitchment of our intelligence by means of language,” L. Wittgenstein.

RESEARCH PAPERS UNDER REVIEW:

1. Valuing Pharmaceutical Drug Innovations.
   (with Federico Ciliberto, Leland Farmer, and Ekaterina A. Khmelnitskaya) (arXiv) (SSRN)

2. Identification and Estimation of Multidimensional Screening.
   (with Federico Zincenko) (arXiv) (SSRN) 

3. Econometrics of Insurance with Multidimensional Types.
   (with Isabelle Perrigne, Quang Vuong, and Haiqing Xu) (PDF)
   (Revise and Resubmit requested, third round  Quantitative Economics)  

4. Security Issuance, Institutional Investors, and Quid Pro Quo
   (with Zhaohui Chen, Yuchi Yao, and Chris Yung) (SSRN) (arXiv)
   (The FinReg Blog)

WORKING PAPERS:

1. Auctioning Annuities.
   (with Eduardo Fajnzylber and Maria F. Gabrielli and Manuel Willington) (SSRN)  (arXiv)

2. Bundling Demand in K-12 Broadband Procurement
   (with Charles Murry, Pallavi Pal, and Arnab Palit) (SSRN) (arXiv) (CESifo) 

3. Who Issues What and Why? Mapping Financial Innovation
   (with Ana Babus, Manu Garcia, and Sara Moreira)

4. Auctionong Exclusive Right to Sell Drugs
   (with Chieh-Husan Hu and Jiafeng Wu)

5. Airline Merger Retrospective and "Control" Markets
   (with Anirban Chattopadhaya and Federico Ciliberto)

PUBLISHED/FORTHCOMING PAPERS:

1. Common Subcontracting and Airline Prices.
   (with Dennis J. Campbell, Federico Ciliberto, and Ekaterina Khmelnitskaya)
   forthcoming  Review of Economics and Statistics (SSRN) (arXiv) (replication materials)

2. Empirical Framework for Cournot Oligopoly with Private Information.
   (with Federico Zincenko)
   forthcoming RAND Journal of Economics (SSRN) (arXiv)

3. Price Discrimination in International Airline Markets.
   (with Charles Murry and Jonathan Williams)
   forthcoming Review of Economic Studies  (Journal) (arXiv) (SSRN)
   
   

4. Procurement with Bidder Asymmetry in Cost and Risk-Aversion.
   (with Hanna Charankevich, Eugene Jeong, and Dong-Hyuk Kim).
    Journal of Business & Economic Statistics  (Journal) (PDF) (arXiv)
   
   

5. Signaling and Employer Learning with Instruments.
   (with Manudeep Bhuller and Fabian Lange)
   American Economic Review (Journal) (NBER wp) (PDF) (arXiv)
   
   

6. Coordinated Capacity Reduction and Public Communication in the Airline Industry.
   (with Federico Ciliberto, Benjamin Leyden )
   Review of Economic Studies  (Journal) (arXiv) (SSRN)
   Media: (ProMarket) (MarketWatch) (The American Conservative) (The New York Times)
   Policy: 2020 Congressional Testimony by Michael Kades to the House Subcommittee on Antitrust, Commercial, and Administrative Law, 2022 Statement of FTC Commissioner Alvaro M. Bedoya Joined by Chair Lina M. Kahn and Commissioner Rebecca Kelly Slaughter
   
   

7. An Empirical Analysis of Competitive Nonlinear Pricing. 
   (with M. F. Gabrielli)
   International Journal of Industrial Organization Economics (PDF) (Journal)
   
   

8. Semi-parametric Estimation of First-Price Auction Models.
   (with M. F. Gabrielli and Q. Vuong). 
   Journal of Business & Economic Statistics (PDF)
   
   

9. Empirical Relevance of Ambiguity in First Price Auctions.
   (with S. Grundl, D-H Kim and Y. Zhu) 
   Journal of Econometrics  (PDF) (Journal)
   
   

10. A Note on Kuhn's Theorem with Ambiguity Averse Players.
    (with Ron Stauber)
    Economic Letters (PDF) (Journal)
    
    

11. Trembles in Extensive Games with Ambiguity Averse Players.
    (with Ronald Stauber) 
    Economic Theory (PDF) (Journal)
    
    

12. A Point Decision for Partially Identified Auction Models.
    (with Dong-Hyuk Kim)
    Journal of Business & Economic Statistics (PDF) (Journal)
    
    

13. Testing for Collusion in Asymmetric First-Price Auctions.
    (with Maria F. Gabrielli) 
    International Journal of Industrial Organization (PDF) (Journal)