Research Papers
Refereed Publications
Selfish Corporations with Emanuele Colonnelli and Niels Gormsen, Forthcoming at Review of Economic Studies
The 2000s Housing Cycle with 2020 Hindsight: A Neo-Kindlebergerian View with Gabriel Chorodow-Reich and Adam Guren, Review of Economic Studies, 91:2, 785-816, 2024.
Who Creates New Firms when Local Opportunities Arise? with Shai Bernstein, Emanuele Colonnelli, and Davide Malacrino, Journal of Financial Economics, 143:1, 107-130, 2022.
Mortgage Design in an Equilibrium Model of the Housing Market with Adam Guren and Arvind Krishnamurthy, Journal of Finance, 76:1, 113-168, 2021.
Do Household Wealth Shocks Affect Productivity? Evidence from Innovative Workers During the Great Recession with Shai Bernstein and Rick Townsend, Journal of Finance, 76:1, 57-111, 2021.
How Do Foreclosures Exacerbate Housing Downturns? with Adam Guren, Review of Economic Studies, 1331-1364, 2020.
The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco with Rebecca Diamond and Franklin Qian, American Economic Review, 109(9), 3365-94, 2019.
Who Wants Affordable Housing in their Backyard? An Equilibrium Analysis of Low Income Property Development with Rebecca Diamond, Journal of Political Economy, 127:3: 1063-1117, 2019.
Who Pays for Rent Control? Heterogeneous Landlord Response to San Francisco's Rent Control Expansion with Rebecca Diamond and Franklin Qian, AEA Papers and Proceedings,109: 377–380, 2019.
Markets with untraceable goods of unknown quality: Beyond the small-country case with Stephen Salant and Jason Winfree, Journal of International Economics, 100, 112-119, 2016.
Regulating an experience good produced in the formal sector of a developing country when consumers cannot identify producers with Stephen Salant and Jason Winfree, Review of Development Economics, 16(4), 512-526, 2012.
Information-invariant equilibria of extensive games with Tilman Borgers, BE Journal of Theoretical Economics, 7(1), 2007.
Working Papers
Return Migration and Human Capital Flows with Naser Amanzadeh and Amir Kermani
Insuring Landlords with Thomas Bezy and Antoine Levy
Polarizing Corporations: Does Talent Flow to "Good" Firms with Emanuele Colonnelli, Gabriel Ramos, Thomas Rauter, and Oliva Xiong
The Contribution of High-Skilled Immigrants to Innovation in the United States with Shai Bernstein, Rebecca Diamond, Abhisit Jiranaphawiboon, and Beatriz Pousada, Revise and Resubmit, American Economic Review
Charles River Associates Award for Best Paper in Corporate Finance, Western Finance Association Meetings 2019
Stochastic Volatility and Asset Pricing Puzzles, Revise and Resubmit, Journal of Finance
Insurance without Commitment: Evidence from ACA Marketplaces with Rebecca Diamond, Michael Dickstein, and Petra Persson, Reject and Resubmit, Quarterly Journal of Economics
Who Benefits from Rent Control? The Equilibrium Consequences of San Francisco's Rent Control Expansion with Rebecca Diamond and Franklin Qian
Works in Progress
The Unequal Effects of Zoning: Evidence from Cook County with Rebecca Diamond and Zong Huang
More Capital, Less Innovation? The Implications of Large Capital Inflows to the Venture Industry with Shai Bernstein, Ramana Nanda, and Ben Roth