The Value of Scattered Information [with Christian Goulding]- Revise and Resubmit, Journal of Financial Intermediation- Scattered structures can increase information production.
Efficient Bargaining Through a Broker- An imperfectly informed broker can achieve full efficiency in bilateral bargaining with asymmetric information.
A Sharper Ratio [with Kent Smetters]- A theory of using higher moments in performance evaluation- NBER Working Paper No. 19500
The Intermediary Rat Race [with Yu An and Yang Song]- Dealers can over-compete because the holding dealer imposes a negative externality on non-holding dealers.
A Model of Product Line Marketing [with Chuan He and Shaowei Ke]- Revise and Resubmit, Management Science- We propose a simple generalization of the logit model to analyze product line marketing. Our model exhibits a flagship-product effect in which a firm's optimal marketing effort is concentrated.
Collective Decision Through an Intermediary [with Yunan Li]- Information frictions in collective decision problems (public good projects, corporate-level investments, etc) can be resolved with a partially informed intermediary (government, corporate headquarters, etc).
Long-Term Contracting with Time-Inconsistent Agents [with Daniel Gottlieb]
Econometrica, 89, March 2021, 793-824[Supplementary Appendix]
On the Efficiency of Long Intermediation Chains [with Vincent Glode and Christian Opp]
Journal of Financial Intermediation, 38, April 2019, pp. 11-18
Voluntary Disclosure in Bilateral Transactions [with Vincent Glode and Christian Opp]
Journal of Economic Theory, 175, May 2018, pp. 652-688