Selected Publications

We use an experimental approach to study the effect of market structure on theincidence of misreporting by credit rating agencies. We find that competition among rating agencies significantly reduces the likelihood of misreporting.
In Review of Finance (forthcoming)*

Recent Publications

  • Does competition aggravate moral hazard? A multi-principal-agent experiment, Journal of Financial Intermediation, Forthcoming, 2017

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  • On the dynamic stability of a price dispersion model using gradient dynamics, Journal of Economic Dynamics and Control, Forthcoming, 2017

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  • Does competition affect truth-telling? An experiment with rating agencies

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  • On the evolution of continuous types: replicator and gradient, Dynamic Games and Applications, Vol. 7(1), pp. 76--92, 2017.

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  • Evolution of markets a simulation with centralized, posted offer and decentralized formats Journal of Evolutionary Economics, Forthcoming, 2016

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Recent & Upcoming Talks

Working Papers

Pecuniary externalities in centralized and decentralized market formats: An experiment

We test in a controlled laboratory environment whether traders in a decentralizedmarket internalize the impact of their actions on market prices better than in a cen-tralized market.


I am teaching the following courses at Colby College:

  • Economics as Experimental Science
  • Experimental Finance
  • Principles of Microeconomics

Please visit the course website