Specialization and performance in private equity: Evidence from the hotel industry (with Eva Steiner) 

        Journal of Financial Economics, 2024, Vol. 162, 103930

Biased auctioneers (with Mathieu Aubry, Roman Kräussl, and Gustavo Manso)

        Journal of Finance, 2023, Vol. 78, No. 2, pp. 795-833

The rate of return on real estate: Long-run micro-level evidence (with David Chambers and Eva Steiner) 

        Review of Financial Studies, 2021, Vol. 34, No. 8, pp. 3572-3607

                   Press coverage: Bloomberg, The Economist

Real and private-value assets (with William Goetzmann and Stijn Van Nieuwerburgh) 

        Review of Financial Studies, 2021, Vol. 34, No. 8, pp. 3497-3526

"We'll always have Paris": Out-of-country buyers in the housing market  (with Dragana Cvijanović)

        Management Science, 2021, Vol. 67, No. 7, pp. 3985-4642

                   Press coverage: The Economist

Art as an asset: Evidence from Keynes the collector (with David Chambers and Elroy Dimson) 

        Review of Asset Pricing Studies, 2020, Vol. 10, No. 3, pp. 490-520

                   Press coverage: Artsy, Bloomberg, Frankfurter Allgemeine, Wall Street Journal

A model of trading in the art market (with Stefano Lovo) 

        American Economic Review, 2018, Vol. 108, No. 3, pp. 744-774

No-trade in second-price auctions with entry costs and secret reserve prices (with Stefano Lovo) 

        Economics Letters, 2017, Vol. 156, pp. 142-144

Organizational and epistemic change: The growth of the art investment field (with Erica Coslor) 

        Accounting, Organizations and Society, 2016, Vol. 55, pp. 48-62

The price of wine (with Elroy Dimson and Peter Rousseau)

        Journal of Financial Economics, 2015, Vol. 118, No. 2, pp. 431-449

                   Press coverage: Financial Times, New York Times, Wall Street Journal

The economics of aesthetics and record prices for art since 1701 (with William Goetzmann and Elena Mamonova) 

        Explorations in Economic History, 2015, Vol. 57, pp. 79-94  

                    Press coverage: Bloomberg, The Economist

Subjective life horizon and portfolio choice (with Sven Michael Spira) 

        Journal of Economic Behavior & Organization, 2015, Vol. 116, 94-106

Investing in emotional assets (with Elroy Dimson) 

        Financial Analysts Journal, 2014, Vol. 70, No. 2, pp. 20-25

Sentiment and art prices (with Julien Pénasse and Luc Renneboog) 

        Economics Letters, 2014, Vol. 122, No. 3, pp. 432-434

Buying beauty: On prices and returns in the art market (with Luc Renneboog) 

        Management Science, 2013, Vol. 59, No. 1, pp. 36-53

Religion, economic attitudes, and household finance (with Luc Renneboog) 

        Oxford Economic Papers, 2012, Vol. 64, No. 1, pp. 103-127

Hard assets: The returns on rare diamonds and gems (with Luc Renneboog) 

        Finance Research Letters, 2012, Vol. 9, No. 4, pp. 220-230

                    Press coverage: Wall Street Journal

Ex post: The investment performance of collectible stamps (with Elroy Dimson)

        Journal of Financial Economics, 2011, Vol. 100, No. 2, pp. 443-458

                   Press coverage: Financial Times

Art and money (with William Goetzmann and Luc Renneboog) 

        American Economic Review, 2011, Vol. 101, No. 3 (AEA Papers and Proceedings), pp. 222-226

                    Press coverage: The Guardian, Vox

The iconic boom in modern Russian art (with Luc Renneboog) 

        Journal of Alternative Investments, 2011, Vol. 13, No. 3, pp. 67-80