Richard Lowery
Research Areas:
Theoretical corporate finance and financial intermediation; experimental economics
Published Papers:
Prediction Markets: Alternative Mechanisms for Complex Environments with Few Traders
(With PJ Healy, Sera Linardi, and John Ledyard)
Management Science, November 2010
Financial Expertise as an Arms Race (with Vincent Glode and Rick Green)
Journal of Finance, October 2012
Trading Complex Assets (with Bruce Carlin and Shimon Kogan),
Journal of Finance, October 2013
The Pricing of IPO Services and Issues: Theory and Estimation (with Ari Kang)
--Review of Corporate Finance Studies, March 2014
Complex Securities and Underwriter Reputation: Do Reputable Underwriters Produce Better Securities? (with John Griffin and Alessio Saretto)
-- Review of Financial Studies, October 2014
The Costs of Closing Failed Banks: A Structural Estimation of Regulatory Incentives (with Ari Kang and Malcolm Wardlaw)
-- Review of Financial Studies, April 2015
Compensating Financial Experts (with Vincent Glode)
-- Journal of Finance, December 2016
Collusion in Markets with Syndication (with John Hatfield and Scott Kominers, and Jordan Barry)
-- Journal of Political Economy, June 2020
Published Comments, etc.
Comment on Predatory Trading, Stigma, and the Fed's Term Auction Facility by Jennifer La'O
-- Journal of Monetary Economics, July 2014
Working Papers:
How Critical Theory Fundamentally Challenges Traditional Inquiry in Social Science (with Carlos Carvalho)
Collusion in Brokered Markets (with John Hatfield and Scott Kominers)
Agency Costs, Information, and the Structure of Corporate Debt Covenants (with Malcolm Wardlaw)
Financial Industry Dynamics, with Tim Landvoigt
Unpublished Notes, etc.
Bargaining with Asymmetric Costs for Information (with Vincent Glode)
A Note on Endogenous Expertise in Anonymous Over-the-Counter Markets
Work in Progress:
Entry and Exit in the Market for IPO Underwriting (with Ari Kang)
Selected Professional Affiliations: