-  Competition in the presence of individual demand uncertainty  (with Marc Möller)

     RAND Journal of Economics 47-2 (2016), 273-292.

-  Collective versus decentralized wage setting and the efficient allocation of resources

      (with Xiaoming Cai, Pieter Gautier, and Coen Teulings),

     Labour Economics, 26 (2014), 34-42


-  Liquidity constraints in a monetary economy (with Leo Ferraris)

     International Economic Review, 53 (2012), 255-277
     Journal of Economic Theory, 146 (2011), 1915-1940
-  A model of merchants    
     Journal of Economic Theory, 145 (2010), 1865-1889


-  Advance purchase discounts versus clearance sales (with Marc Möller)

     Economic Journal, 547 (2010), 1125-1148

-  Collateral secured loans in a monetary economy (with Leo Ferraris)

     Journal of Economic Theory, 143 (2008), 405-424


-  Inflation, price competition, and consumer search technology

     Journal of Economic Dynamics and Control, 32 (2008), 3780-3806




Working Papers



-  Marketmaking middlemen 

                    (with Pieter Gautier and Bo Hu), August 2016

-  Understanding the role of the public employment agency 

                    (with Christian Holzner), May 2016

-  Market structure and advance selling 

                    (with Marc Möller), October 2016

-  Middlemen: a directed search equilibrium approach

                     April 2013


-  Overbooking in markets with rationing

                     (with Xinying Fu and Pieter Gautier), September 2015


-  Refundability and price: empirical analysis on the airline industry 

                     (with Seongman Moon), September 2013

                Data file (Excel format)     Program files (STATA files)      Empirical Appendix 


-  Hot and spicy: ups and downs on the price floor and ceiling at Japanese supermarkets 

                     (with Kenn Ariga and Kenji Matsui), December 2010