Publications

• The Need for Fees at a DEX: How Increases in Fees Can Increase DEX Trading Volume (with Joel Hasbrouck and Fahad Saleh)

       -PBSCF Award for Best Paper in  Fintech, WFA 2023

-Management Science, Accepted

• An Economic Model of a Decentralized Exchange with Concentrated Liquidity (with Joel Hasbrouck and Fahad Saleh)

-Nasdaq Award for Best Paper in Market Microstructure, FMA 2024

-Management Science, Forthcoming

• Proof-of-Work versus Proof-of-Stake: A Comparative Economic Analysis (with  Kose John and Fahad Saleh)  

 -Review of Financial Studies, Volume 38, Issue 7, July 2025

• Bank Regulation, Investment, and Capital Requirements Under Adverse Selection 

        -Review of Finance, Volume 29, Issue 2, March 2025

• Incentives and the Structure of Communication 

         -Journal of Economic Theory, Volume 175, May 2018

Working Papers

• Robust Corporate Signaling with Heterogeneous Valuations 

 -Revise and Resubmit, Review of Financial Studies

• Equilibrium in a DeFi Lending Market (with Fahad Saleh and Quentin Vandeweyer)

 -Revise and Resubmit, Management Science

• The Distributional Effects of "Fulfilled By Amazon" (FBA) (with Garud Iyengar, Yaunzhe Ma, Fahad Saleh, and Jay Sethuraman)

• Equilibrium Staking Levels in a Proof-of-Stake Blockchain (with Kose John and Fahad Saleh)