Details about Dan Bernhardt

Homepage:	https://warwick.ac.uk/fac/soc/economics/staff/mdbernhardt/
Phone:	217-244-5708
Postal address:	225B David Kinley Hall Urbana, IL 61801
Workplace:	Department of Economics, University of Warwick, (more information at EDIRC) Department of Economics, University of Illinois at Urbana-Champaign, (more information at EDIRC)

Access statistics for papers by Dan Bernhardt.

Last updated 2024-10-14. Update your information in the RePEc Author Service.

Short-id: pbe65

---

Jump to Journal Articles

Working Papers

2025

1. Delegated Shareholder Activism
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
   Also in QAPEC Discussion Papers, Quantitative and Analytical Political Economy Research Centre (2025)
   QAPEC Discussion Papers, Quantitative and Analytical Political Economy Research Centre (2024)
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2024)
2. Strategic commitment by an informed speculator
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics

2024

3. Auctioning control and cash-flow rights separately
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
4. Political Competition and Strategic Voting in Multi-Candidate Elections
   QAPEC Discussion Papers, Quantitative and Analytical Political Economy Research Centre
   Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2024)
5. Small Fish in a Big Pool: The Discouraging Effects of Relative Assessment
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics

2022

6. Institutional Liquidity Demand and the Internalization of Retail Order Flow: The Tail Does Not Wag the Dog
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (3)

2021

7. Demagogues and the Fragility of Democracy
   QAPEC Discussion Papers, Quantitative and Analytical Political Economy Research Centre
8. Profiting from the poor in competitive lending markets with adverse selection
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (1)
9. Separating equilibria, under-pricing and security design
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
   See also Journal Article Separating equilibria, underpricing and security design, Journal of Financial Economics, Elsevier (2022) (2022)
10. The pitfalls of pledgeable cash flows: soft budget constraints, zombie lending and under-investment
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics

2019

11. A test of speculative arbitrage: is the cross-section of volatility invariant?
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
12. Blockholder Disclosure Thresholds and Hedge Fund Activism
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    See also Journal Article Blockholder Disclosure Thresholds and Hedge Fund Activism, Journal of Financial and Quantitative Analysis, Cambridge University Press (2022) View citations (1) (2022)
13. Costly auction entry, royalty payments, and the optimality of asymmetric designs
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    See also Journal Article Costly auction entry, royalty payments, and the optimality of asymmetric designs, Journal of Economic Theory, Elsevier (2020) View citations (4) (2020)
14. Is there a paradox of pledgeability?
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    See also Journal Article Is there a paradox of pledgeability?, Journal of Financial Economics, Elsevier (2020) View citations (4) (2020)
15. Positive and Negative Campaigning in Primary and General Elections
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    See also Journal Article Positive and negative campaigning in primary and general elections, Games and Economic Behavior, Elsevier (2020) View citations (6) (2020)
16. Rent extraction with securities plus cash
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    See also Journal Article Rent Extraction with Securities Plus Cash, Journal of Finance, American Finance Association (2021) View citations (7) (2021)
17. The Night and Day of Amihud’s (2002) Liquidity Measure
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    See also Journal Article The Night and Day of Amihud’s (2002) Liquidity Measure, The Review of Asset Pricing Studies, Society for Financial Studies (2021) View citations (7) (2021)
18. Wage Offers and On-the-job Search
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
19. When do co-located firms selling identical products thrive?
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics

2018

20. The Race to the Base
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (3)
    Also in CRETA Online Discussion Paper Series, Centre for Research in Economic Theory and its Applications CRETA (2018)
    See also Journal Article The Race to the Base, American Economic Review, American Economic Association (2020) View citations (3) (2020)
21. Wage Offers and On-the-job Search
    School of Economics Working Paper Series, LeBow College of Business, Drexel University
    See also Journal Article Wage offers and on‐the‐job search, Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons (2022) (2022)

2013

22. Gambling for Dollars: Strategic Hedge Fund Manager Investment
    Working Paper Series, Federal Reserve Bank of Chicago

2010

23. University Competition, Grading Standards and Grade Inflation
    MPRA Paper, University Library of Munich, Germany View citations (11)

2009

24. Fraternities and labor market outcomes
    MPRA Paper, University Library of Munich, Germany View citations (2)
    See also Journal Article Fraternities and Labor-Market Outcomes, American Economic Journal: Microeconomics, American Economic Association (2012) View citations (3) (2012)

2008

25. A Vindication of Responsible Parties
    Wallis Working Papers, University of Rochester - Wallis Institute of Political Economy
26. Speculative Dynamics
    2008 Meeting Papers, Society for Economic Dynamics
    See also Journal Article Speculative dynamics, Economic Theory, Springer (2010) View citations (11) (2010)

2007

27. The Layoff Rat Race
    Discussion Papers, Department of Economics, Simon Fraser University
    See also Journal Article The Layoff Rat Race*, Scandinavian Journal of Economics, Wiley Blackwell (2010) View citations (1) (2010)

2006

28. Cooperation Through Imitation
    Working Paper, Economics Department, Queen's University View citations (1)
    See also Journal Article Cooperation through imitation, Games and Economic Behavior, Elsevier (2009) View citations (14) (2009)
29. Industry Dynamics With Stochastic Demand
    Working Paper, Economics Department, Queen's University View citations (4)
    See also Journal Article Industry dynamics with stochastic demand, RAND Journal of Economics, RAND Corporation (2008) View citations (4) (2008)
30. Political Polarization and the Electoral Effects of Media Bias
    CESifo Working Paper Series, CESifo View citations (15)
    See also Journal Article Political polarization and the electoral effects of media bias, Journal of Public Economics, Elsevier (2008) View citations (112) (2008)

2003

31. Long-term Information, Short-lived Securities
    ICMA Centre Discussion Papers in Finance, Henley Business School, University of Reading View citations (1)
    See also Journal Article Long‐term information, short‐lived securities, Journal of Futures Markets, John Wiley & Sons, Ltd. (2006) (2006)
32. Nearsighted justice
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (7)
33. Smart Fund Managers? Stupid Money?
    ICMA Centre Discussion Papers in Finance, Henley Business School, University of Reading
    See also Journal Article Smart fund managers? Stupid money?, Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons (2009) View citations (8) (2009)

2002

34. Survival of the Unfittest: How Dodos Become Managers
    Discussion Papers Series, Department of Economics, Tufts University, Department of Economics, Tufts University View citations (1)
35. Who Herds?
    Discussion Papers Series, Department of Economics, Tufts University, Department of Economics, Tufts University View citations (1)
    See also Journal Article Who herds?, Journal of Financial Economics, Elsevier (2006) View citations (69) (2006)

2000

36. Long-term Information, Short-lived Derivative Securities
    Working Paper, Economics Department, Queen's University

1999

37. Can Relative Performance Compensation Explain Analysts' Forecasts of Earnings?
    Discussion Papers Series, Department of Economics, Tufts University, Department of Economics, Tufts University View citations (5)
38. Comparative Dynamics
    Working Paper, Economics Department, Queen's University View citations (3)

1996

39. Industry Dynamics Over The Business Cycles
    Working Paper, Economics Department, Queen's University View citations (2)

1995

40. Riding Free On The Signals Of Others
    Working Paper, Economics Department, Queen's University
    See also Journal Article Riding free on the signals of others, Journal of Public Economics, Elsevier (1998) View citations (7) (1998)
41. Roller Coastering Up And Down The Demand Curve Of A Durable Goods Monopolist
    Working Paper, Economics Department, Queen's University
42. Scab Labor
    Working Paper, Economics Department, Queen's University

1994

43. Testing Dividend Signalling Models
    Working Paper, Economics Department, Queen's University
    Also in Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences (1993)
    See also Journal Article Testing dividend signaling models, Journal of Empirical Finance, Elsevier (2005) View citations (15) (2005)

1993

44. A Note on Sequential Auctions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
    See also Journal Article A Note on Sequential Auctions, American Economic Review, American Economic Association (1994) View citations (67) (1994)
45. Discrete Pricing and Institutional Design of Dealership Markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
46. Enterprise, Inequality and Economic Development
    Working Paper, Economics Department, Queen's University View citations (6)
    Also in Queen's Institute for Economic Research Discussion Papers, Queen's University - Department of Economics (1993) View citations (3)
    See also Journal Article Enterprise, Inequality and Economic Development, The Review of Economic Studies, Review of Economic Studies Ltd (2000) View citations (141) (2000)
47. Intraday Trade in Dealership Markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
    Also in Working Paper, Economics Department, Queen's University (1991)
    See also Journal Article Intraday trade in dealership markets, European Economic Review, Elsevier (2002) View citations (20) (2002)
48. Investment and Insider Trading
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
    See also Journal Article Investment and Insider Trading, The Review of Financial Studies, Society for Financial Studies (1995) View citations (18) (1995)
49. Splitting Orders
    Working Paper, Economics Department, Queen's University View citations (1)
    See also Journal Article Splitting Orders, The Review of Financial Studies, Society for Financial Studies (1997) View citations (36) (1997)

1992

50. Endogenous Transfer Institutions in Overlapping Generations
    Working Papers, University of Guelph, Department of Economics and Finance View citations (5)
    See also Journal Article Endogenous transfer institutions in overlapping generations, Journal of Monetary Economics, Elsevier (1992) View citations (5) (1992)

1991

51. Adverse Selection, Money and Barter
    Working Papers, University of Guelph, Department of Economics and Finance View citations (1)
52. Anonymous Sequential Games with General State Space
    Working Paper, Economics Department, Queen's University
53. Job Search Strategy, Expected Wages, and Sectoral Movers and Stayers
    Working Paper, Economics Department, Queen's University
54. Promotion: Turnover and Preemptive Wage Offers
    Working Paper, Economics Department, Queen's University View citations (5)
    See also Journal Article Promotion, Turnover, and Preemptive Wage Offers, American Economic Review, American Economic Association (1993) View citations (57) (1993)

1990

55. Existence of equilibrium in anonymous sequential games with general state space of aggregate uncertainty
    LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

1989

56. Anonymous Sequential Games with Aggregate Uncertainty
    Working Paper, Economics Department, Queen's University
    See also Journal Article Anonymous sequential games with aggregate uncertainty, Journal of Mathematical Economics, Elsevier (1992) View citations (36) (1992)
57. Barter and Money, and the Optimality of Legal Restrictions
    Working Paper, Economics Department, Queen's University
58. Skill Profiles, Observability and Firm Hierarchies: A Theory of Promotion and Compensation
    Working Paper, Economics Department, Queen's University View citations (1)

1987

59. Menu Costs, Sticky Prices, and Strategic Firm Interaction
    Working Paper, Economics Department, Queen's University

1985

60. Money and Loans
    Working Paper, Economics Department, Queen's University
    See also Journal Article Money and Loans, The Review of Economic Studies, Review of Economic Studies Ltd (1989) View citations (7) (1989)
61. Multiperiod Wage Contracts and Productivity Profiles
    Working Paper, Economics Department, Queen's University
    See also Journal Article Multiperiod Wage Contracts and Productivity Profiles, Journal of Labor Economics, University of Chicago Press (1990) View citations (11) (1990)

Undated

62. Profit Sharing (with workers) Facilitates Collusion (among firms)
    Wallis Working Papers, University of Rochester - Wallis Institute of Political Economy View citations (3)
    See also Journal Article Profit sharing (with workers) facilitates collusion (among firms), RAND Journal of Economics, RAND Corporation (2006) View citations (4) (2006)
63. Throwing Good Money After Bad
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business

Journal Articles

2023

1. Followers of the pied piper of pensioners
   Canadian Journal of Economics/Revue canadienne d'économique, 2023, 56, (4), 1517-1550
2. When financial advice rocks the market
   Emerging Markets Review, 2023, 56, (C)

2022

3. Blockholder Disclosure Thresholds and Hedge Fund Activism
   Journal of Financial and Quantitative Analysis, 2022, 57, (7), 2834-2859 View citations (1)
   See also Working Paper Blockholder Disclosure Thresholds and Hedge Fund Activism, The Warwick Economics Research Paper Series (TWERPS) (2019) (2019)
4. Demagogues and the Economic Fragility of Democracies
   American Economic Review, 2022, 112, (10), 3331-66 View citations (6)
5. Separating equilibria, underpricing and security design
   Journal of Financial Economics, 2022, 145, (3), 788-801
   See also Working Paper Separating equilibria, under-pricing and security design, The Warwick Economics Research Paper Series (TWERPS) (2021) (2021)
6. Transparency and Stability
   Quarterly Journal of Political Science, 2022, 17, (1), 121-139
7. Wage offers and on‐the‐job search
   Canadian Journal of Economics/Revue canadienne d'économique, 2022, 55, (1), 74-105
   See also Working Paper Wage Offers and On-the-job Search, School of Economics Working Paper Series (2018) (2018)
8. When do Co‐located Firms Selling Identical Products Thrive?
   Journal of Industrial Economics, 2022, 70, (3), 565-590

2021

9. Rent Extraction with Securities Plus Cash
   Journal of Finance, 2021, 76, (4), 1869-1912 View citations (7)
   See also Working Paper Rent extraction with securities plus cash, The Warwick Economics Research Paper Series (TWERPS) (2019) (2019)
10. The Night and Day of Amihud’s (2002) Liquidity Measure
    (Asset pricing with liquidity risk)
    The Review of Asset Pricing Studies, 2021, 11, (2), 269-308 View citations (7)
    See also Working Paper The Night and Day of Amihud’s (2002) Liquidity Measure, The Warwick Economics Research Paper Series (TWERPS) (2019) (2019)

2020

11. Costly auction entry, royalty payments, and the optimality of asymmetric designs
    Journal of Economic Theory, 2020, 188, (C) View citations (4)
    See also Working Paper Costly auction entry, royalty payments, and the optimality of asymmetric designs, The Warwick Economics Research Paper Series (TWERPS) (2019) (2019)
12. Is there a paradox of pledgeability?
    Journal of Financial Economics, 2020, 137, (3), 606-611 View citations (4)
    See also Working Paper Is there a paradox of pledgeability?, The Warwick Economics Research Paper Series (TWERPS) (2019) (2019)
13. Positive and negative campaigning in primary and general elections
    Games and Economic Behavior, 2020, 119, (C), 98-104 View citations (6)
    See also Working Paper Positive and Negative Campaigning in Primary and General Elections, The Warwick Economics Research Paper Series (TWERPS) (2019) (2019)
14. The Race to the Base
    American Economic Review, 2020, 110, (3), 922-42 View citations (3)
    See also Working Paper The Race to the Base, The Warwick Economics Research Paper Series (TWERPS) (2018) View citations (3) (2018)

2019

15. Optimal equity auctions with two-dimensional types
    Journal of Economic Theory, 2019, 184, (C) View citations (5)
16. Trade-Time Measures of Liquidity
    The Review of Financial Studies, 2019, 32, (1), 126-179 View citations (7)
17. Vanguards in revolution
    Games and Economic Behavior, 2019, 115, (C), 146-166 View citations (6)

2018

18. Reelection and Renegotiation: International Agreements in the Shadow of the Polls
    American Political Science Review, 2018, 112, (4), 1016-1035 View citations (12)
19. The price-matching dilemma
    International Journal of Industrial Organization, 2018, 59, (C), 97-113 View citations (4)

2017

20. Dynamics of Policymaking: Stepping Back to Leap Forward, Stepping Forward to Keep Back
    American Journal of Political Science, 2017, 61, (4), 820-835 View citations (15)
21. Monotone and bounded interval equilibria in a coordination game with information aggregation
    Mathematical Social Sciences, 2017, 89, (C), 61-69
22. When Can Citizen Communication Hinder Successful Revolution?
    Quarterly Journal of Political Science, 2017, 12, (3), 301-323 View citations (3)

2016

23. Collusion Under Risk Aversion and Fixed Costs
    Journal of Industrial Economics, 2016, 64, (4), 808-834 View citations (4)
24. Endogenous Entry to Security-Bid Auctions
    American Economic Review, 2016, 106, (11), 3577-89 View citations (15)
25. The Reluctant Analyst
    Journal of Accounting Research, 2016, 54, (4), 987-1040 View citations (9)
26. The optimal extent of discovery
    RAND Journal of Economics, 2016, 47, (3), 573-607 View citations (3)

2015

27. Flexibility vs. protection from an unrepresentative legislative majority
    Games and Economic Behavior, 2015, 93, (C), 59-88 View citations (3)
28. Learning about challengers
    Games and Economic Behavior, 2015, 90, (C), 181-206 View citations (4)
29. Learning about common and private values in oligopoly
    RAND Journal of Economics, 2015, 46, (1), 66-85 View citations (18)
30. Multi-product Bertrand Oligopoly with Exogenous and Endogenous Consumer Heterogeneity
    The B.E. Journal of Theoretical Economics, 2015, 15, (2), 167-209
31. Robustness of equilibrium in the Kyle model of informed speculation
    Annals of Finance, 2015, 11, (3), 297-318 View citations (4)
    Also in Annals of Finance, 2015, 11, (3), 297-318 (2015) View citations (4)
32. State Censorship
    American Economic Journal: Microeconomics, 2015, 7, (2), 280-307 View citations (16)
33. Trial Incentives in Sequential Litigation
    American Law and Economics Review, 2015, 17, (1), 214-244 View citations (1)

2014

34. Different Problem, Same Solution: Contract‐Specialization in Venture Capital
    Journal of Economics & Management Strategy, 2014, 23, (2), 396-426 View citations (7)
35. LAWYERS IN VENTURE CAPITAL CONTRACTING: THEORY AND EVIDENCE
    Economic Inquiry, 2014, 52, (3), 1080-1102 View citations (4)

2012

36. Fraternities and Labor-Market Outcomes
    American Economic Journal: Microeconomics, 2012, 4, (1), 116-41 View citations (3)
    See also Working Paper Fraternities and labor market outcomes, MPRA Paper (2009) View citations (2) (2009)
37. Rehabilitated or Not: An Informational Theory of Parole Decisions
    The Journal of Law, Economics, and Organization, 2012, 28, (2), 186-210 View citations (13)
38. Screening and Financial Contracting in the Face of Outside Competition
    The B.E. Journal of Theoretical Economics, 2012, 12, (1), 40

2011

39. Collective Action with Uncertain Payoffs: Coordination, Public Signals, and Punishment Dilemmas
    American Political Science Review, 2011, 105, (4), 829-851 View citations (60)
40. Competence and Ideology
    The Review of Economic Studies, 2011, 78, (2), 487-522 View citations (46)

2010

41. How and when is dual trading irrelevant?
    Journal of Financial Markets, 2010, 13, (2), 295-320 View citations (3)
42. Non-convexities and the gains from concealing defenses from committed terrorists
    Economics Letters, 2010, 107, (1), 52-54 View citations (9)
43. POINT SHAVING IN COLLEGE BASKETBALL: A CAUTIONARY TALE FOR FORENSIC ECONOMICS
    Economic Inquiry, 2010, 48, (1), 14-25 View citations (18)
44. Speculative dynamics
    Economic Theory, 2010, 44, (1), 1-52 View citations (11)
    See also Working Paper Speculative Dynamics, 2008 Meeting Papers (2008) (2008)
45. The Layoff Rat Race*
    Scandinavian Journal of Economics, 2010, 112, (1), 185-210 View citations (1)
    See also Working Paper The Layoff Rat Race, Discussion Papers (2007) (2007)

2009

46. Cooperation through imitation
    Games and Economic Behavior, 2009, 67, (2), 376-388 View citations (14)
    See also Working Paper Cooperation Through Imitation, Working Paper (2006) View citations (1) (2006)
47. On the benefits of party competition
    Games and Economic Behavior, 2009, 66, (2), 685-707 View citations (24)
48. PRESERVATION OF TRADE SECRETS AND MULTINATIONAL WAGE PREMIA
    Economic Inquiry, 2009, 47, (4), 726-738 View citations (4)
49. Private polling in elections and voter welfare
    Journal of Economic Theory, 2009, 144, (5), 2021-2056 View citations (11)
50. Smart fund managers? Stupid money?
    Canadian Journal of Economics/Revue canadienne d'économique, 2009, 42, (2), 719-748 View citations (8)
    Also in Canadian Journal of Economics, 2009, 42, (2), 719-748 (2009) View citations (13)
    See also Working Paper Smart Fund Managers? Stupid Money?, ICMA Centre Discussion Papers in Finance (2003) (2003)
51. The Case for Responsible Parties
    American Political Science Review, 2009, 103, (4), 570-587 View citations (53)

2008

52. Cross‐Asset Speculation in Stock Markets
    Journal of Finance, 2008, 63, (5), 2385-2427 View citations (13)
53. Front-running dynamics
    Journal of Economic Theory, 2008, 138, (1), 288-296 View citations (6)
54. Industry dynamics with stochastic demand
    RAND Journal of Economics, 2008, 39, (1), 41-68 View citations (4)
    See also Working Paper Industry Dynamics With Stochastic Demand, Working Paper (2006) View citations (4) (2006)
55. Political polarization and the electoral effects of media bias
    Journal of Public Economics, 2008, 92, (5-6), 1092-1104 View citations (112)
    See also Working Paper Political Polarization and the Electoral Effects of Media Bias, CESifo Working Paper Series (2006) View citations (15) (2006)

2007

56. Asymmetric information and stock return cross-autocorrelations
    Economics Letters, 2007, 96, (1), 14-22 View citations (3)
57. Electoral competition with privately-informed candidates
    Games and Economic Behavior, 2007, 58, (1), 1-29 View citations (24)
58. Financial Speculators' Underperformance: Learning, Self‐Selection, and Endogenous Liquidity
    Journal of Finance, 2007, 62, (3), 1313-1340 View citations (17)
59. Product customization
    European Economic Review, 2007, 51, (6), 1396-1422 View citations (19)

2006

60. Hybrid markets, tick size and investor trading costs
    Journal of Financial Markets, 2006, 9, (4), 433-447 View citations (6)
61. Kyle v. Kyle (’85 v. ’89)
    Annals of Finance, 2006, 2, (1), 23-38 View citations (1)
62. Long‐term information, short‐lived securities
    Journal of Futures Markets, 2006, 26, (5), 466-502
    See also Working Paper Long-term Information, Short-lived Securities, ICMA Centre Discussion Papers in Finance (2003) View citations (1) (2003)
63. Profit sharing (with workers) facilitates collusion (among firms)
    RAND Journal of Economics, 2006, 37, (3), 483-502 View citations (4)
    See also Working Paper Profit Sharing (with workers) Facilitates Collusion (among firms), Wallis Working Papers View citations (3)
64. The Evolution of Managerial Expertise: How Corporate Culture Can Run Amok
    American Economic Review, 2006, 96, (1), 195-221 View citations (6)
65. Who herds?
    Journal of Financial Economics, 2006, 80, (3), 657-675 View citations (69)
    See also Working Paper Who Herds?, Discussion Papers Series, Department of Economics, Tufts University (2002) View citations (1) (2002)

2005

66. Painting the tape: Aggregate evidence
    Economics Letters, 2005, 89, (3), 306-311 View citations (21)
67. Testing dividend signaling models
    Journal of Empirical Finance, 2005, 12, (1), 77-98 View citations (15)
    See also Working Paper Testing Dividend Signalling Models, Working Paper (1994) (1994)
68. Why Do Larger Orders Receive Discounts on the London Stock Exchange?
    The Review of Financial Studies, 2005, 18, (4), 1343-1368 View citations (28)

2004

69. Comparative Learning Dynamics
    International Economic Review, 2004, 45, (2), 431-465 View citations (19)
70. Term limits and pork barrel politics
    Journal of Public Economics, 2004, 88, (12), 2383-2422 View citations (48)

2002

71. "Rip-Off" ATM Surcharges
    RAND Journal of Economics, 2002, 33, (1), 96-115 View citations (30)
72. Intraday trade in dealership markets
    European Economic Review, 2002, 46, (9), 1697-1732 View citations (20)
    See also Working Paper Intraday Trade in Dealership Markets, Working Papers (1993) (1993)

2001

73. Corporate Tournaments, Human Capital Acquisition, and the Firm Size—Wage Relation
    The Review of Economic Studies, 2001, 68, (3), 693-716 View citations (86)

2000

74. Credit Rationing?
    American Economic Review, 2000, 90, (1), 235-239 View citations (9)
75. Enterprise, Inequality and Economic Development
    The Review of Economic Studies, 2000, 67, (1), 147-168 View citations (141)
    See also Working Paper Enterprise, Inequality and Economic Development, Working Paper (1993) View citations (6) (1993)

1999

76. Stock market dynamics with rational liquidity traders
    Journal of Financial Markets, 1999, 2, (4), 359-389 View citations (7)

1998

77. Pirated for Profit
    Canadian Journal of Economics, 1998, 31, (4), 886-899 View citations (38)
78. Promotion, Turnover, and Discretionary Human Capital Acquisition
    Journal of Labor Economics, 1998, 16, (1), 122-41 View citations (20)
79. Riding free on the signals of others
    Journal of Public Economics, 1998, 67, (1), 25-43 View citations (7)
    See also Working Paper Riding Free On The Signals Of Others, Working Paper (1995) (1995)

1997

80. Durable Services Monopolists Do Better Than Durable Goods Monopolists
    Canadian Journal of Economics, 1997, 30, (4), 975-90
81. Splitting Orders
    The Review of Financial Studies, 1997, 10, (1), 69-101 View citations (36)
    See also Working Paper Splitting Orders, Working Paper (1993) View citations (1) (1993)

1996

82. Discrete Pricing and the Design of Dealership Markets
    Journal of Economic Theory, 1996, 71, (1), 148-182 View citations (19)

1995

83. Anonymous Sequential Games: Existence and Characterization of Equilibria
    Economic Theory, 1995, 5, (3), 461-89 View citations (24)
84. Direct Revelation versus Signalling
    Canadian Journal of Economics, 1995, 28, (4a), 858-85 View citations (2)
85. Investment and Insider Trading
    The Review of Financial Studies, 1995, 8, (2), 501-43 View citations (18)
    See also Working Paper Investment and Insider Trading, Working Papers (1993) (1993)
86. Strategic Promotion and Compensation
    The Review of Economic Studies, 1995, 62, (2), 315-339 View citations (156)

1994

87. A Note on Sequential Auctions
    American Economic Review, 1994, 84, (3), 653-57 View citations (67)
    See also Working Paper A Note on Sequential Auctions, Working Papers (1993) (1993)
88. Rivalrous Money Supply among Overlapping Generations
    Canadian Journal of Economics, 1994, 27, (2), 494-504

1993

89. Costly Price Adjustment and Strategic Firm Interaction
    International Economic Review, 1993, 34, (3), 525-48
90. Promotion, Turnover, and Preemptive Wage Offers
    American Economic Review, 1993, 83, (4), 771-91 View citations (57)
    See also Working Paper Promotion: Turnover and Preemptive Wage Offers, Working Paper (1991) View citations (5) (1991)

1992

91. Anonymous sequential games with aggregate uncertainty
    Journal of Mathematical Economics, 1992, 21, (6), 543-562 View citations (36)
    See also Working Paper Anonymous Sequential Games with Aggregate Uncertainty, Working Paper (1989) (1989)
92. Endogenous transfer institutions in overlapping generations
    Journal of Monetary Economics, 1992, 29, (3), 445-474 View citations (5)
    See also Working Paper Endogenous Transfer Institutions in Overlapping Generations, Working Papers (1992) View citations (5) (1992)

1991

93. Money, Barter, and the Optimality of Legal Restrictions
    Journal of Political Economy, 1991, 99, (4), 743-73 View citations (10)

1990

94. Borrowing Constraints, Occupational Choice, and Labor Supply
    Journal of Labor Economics, 1990, 8, (1), 145-73 View citations (10)
95. Multiperiod Wage Contracts and Productivity Profiles
    Journal of Labor Economics, 1990, 8, (4), 529-63 View citations (11)
    See also Working Paper Multiperiod Wage Contracts and Productivity Profiles, Working Paper (1985) (1985)

1989

96. Free trade equilibria to multi-country quota games
    Journal of International Economics, 1989, 27, (3-4), 319-333 View citations (2)
97. Money and Loans
    The Review of Economic Studies, 1989, 56, (1), 89-100 View citations (7)
    See also Working Paper Money and Loans, Working Paper (1985) (1985)

1985

98. Candidate reputations and the `incumbency effect'
    Journal of Public Economics, 1985, 27, (1), 47-67 View citations (50)

1984

99. Dumping, adjustment costs and uncertainty
    Journal of Economic Dynamics and Control, 1984, 8, (3), 349-370 View citations (5)