Research

Work in progress

The benefits of loose rating standards

Short-Term Return Reversals and Underreaction to Industry Information (with Gábor Neszveda)

Market making in bond markets (with Tobias Dieler and Andreas Rapp)

Publications (Financial Economics)

Competition, Communication and Rating Bias, Journal of Economic Behavior & Organization, 2021. Previous title: Credit Rating Catering

Ratings are less informative if rating agencies can learn about each other's private assessments during the rating process.

Do leveraged warrants prompt individuals to speculate on stock price reversals?,  Journal of Empirical Finance, 2021.

(joint with Kata Váradi)

The order flow of investors who use leverage warrants to place directional bets is likely to be contrarian even if investors do not hold contrarian beliefs.

MATLAB code for simulating random trading of knock-outs

Publications (Health Economics)

Development of Population Tariffs for the ICECAP-A Instrument for Hungary and their Comparison With the UK Tariffs

Value in Health, 2021.

(joint with Baji, P., Dobos, Á., Gulácsi, L., Huynh,  E., Kovács, L., Péntek, M. & Zrubka, Z.)

[link] [The paper uses the Python package PandasBiogeme for estimation.]

Comparing the measurement properties of the ICECAP-A and ICECAP-O instruments in ages 50–70: a cross-sectional study on a representative sample of the Hungarian general population

The European Journal of Health Economics 2021.

(joint with Baji, P., Dobos, Á., Zrubka, Z., Kovács, L., Gulácsi, L. & Péntek, M.)

[link]

Musculoskeletal health and capability wellbeing: Associations between the HAQ-DI, ICECAP-A and ICECAP-O measures in a population survey

Musculoskeletal Science and Practice 2021.

(joint with Péntek M., Poór Gy., Gulácsi, L., Zrubka, Z., Brodszky, V., Rencz, F.,  Dobos, Á., Kovács, L., Baji, P.)

[link]

Development of Population Tariffs for the CarerQol Instrument for Hungary, Poland and Slovenia: A Discrete Choice Experiment Study to Measure the Burden of Informal Caregiving

PharmacoEconomics 2020. 38(6):633-643. 

(joint with Baji P,  Golicki D, Prevolnik V, Hoefman R, Brouwer WBF, van Exel J, Zrubka Zs, Gulácsi L, Péntek M)

[link]

The link between past informal payments and willingness of the Hungarian population to pay formal fees for health care services: results from a contingent valuation study.

European Journal of Health Economics 2014. 15(8):853–67.

(joint with Baji P, Pavlova M, Gulácsi L, Groot W.)

[link]

Spatial structure of the Budapest office market.

Space and Society, 2013. 27(1) (Written in Hungarian).

(joint with Horvath A, Czinkan N, Danko S, Gondor L, Revesz G and Sooki-Toth G.)

[link]

Financial Applications of Markov Chains.

In: Major, K. (Ed.) Markov Models. Budapest, ELTE, Regional Science Studies 14. pp. 72-87. 2008. (Written in Hungarian.)

[link]