Details about Bruno R Biais

Workplace:

Départment Économie et Sciences de la Décision (Department of Economics and Decision Sciences), HEC Paris (École des Hautes Études Commerciales) (HEC Business School), (more information at EDIRC)

Access statistics for papers by Bruno R Biais.

Last updated 2023-02-24. Update your information in the RePEc Author Service.

Short-id: pbi43

---

Jump to Journal Articles Edited books Software Items

Working Papers

2024

1. Asset Pricing and Risk Sharing in Complete Markets: An Experimental Investigation
   TSE Working Papers, Toulouse School of Economics (TSE) View citations (8)
2. Dynamic Contracting with Many Agents
   TSE Working Papers, Toulouse School of Economics (TSE)

2023

3. Taxing Financial Transactions: A Mirrleesian Approach
   TSE Working Papers, Toulouse School of Economics (TSE) View citations (2)

2022

4. Equilibrium Bitcoin Pricing
   TSE Working Papers, Toulouse School of Economics (TSE) View citations (16)
   Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (14)
   EconPol Working Paper, ifo Institute - Leibniz Institute for Economic Research at the University of Munich (2020) View citations (40)
5. Variation margins, fire-sales and information-constrained optimality
   TSE Working Papers, Toulouse School of Economics (TSE)
   Also in Working Paper Series, European Central Bank (2018) View citations (1)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (1)
   Post-Print, HAL (2021) View citations (1)
   See also Journal Article Variation Margins, Fire Sales, and Information-constrained Optimality, The Review of Economic Studies, Review of Economic Studies Ltd (2021) View citations (4) (2021)

2021

6. Strategic interactions in blockchain protocols: a survey of game-theoretic approaches
   Post-Print, HAL

2019

7. Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   Also in HEC Research Papers Series, HEC Paris (2017) View citations (5)
   NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (5)
   See also Journal Article Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing, American Economic Review, American Economic Association (2021) View citations (2) (2021)
8. The blockchain folk theorem
   Post-Print, HAL View citations (109)
   Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2017) View citations (20)
   TSE Working Papers, Toulouse School of Economics (TSE) (2018) View citations (19)
   IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2017) View citations (8)
   See also Journal Article The Blockchain Folk Theorem, The Review of Financial Studies, Society for Financial Studies (2019) View citations (138) (2019)

2018

9. Endogenous agency problems and the dynamics of rents
   TSE Working Papers, Toulouse School of Economics (TSE)
   See also Journal Article Endogenous Agency Problems and the Dynamics of Rents, The Review of Economic Studies, Review of Economic Studies Ltd (2020) View citations (9) (2020)
10. The Microstructure of the Bond Market in the 20th Century
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (5)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2007) View citations (28)
    See also Journal Article The Microstructure of the Bond Market in the 20th Century, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (27) (2019)

2017

11. Optimal margins and equilibrium prices
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (1)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2017) View citations (1)
    2016 Meeting Papers, Society for Economic Dynamics (2016)
12. Who supplies liquidity, how and when?
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (10)
    Also in BIS Working Papers, Bank for International Settlements (2016) View citations (18)
    TSE Working Papers, Toulouse School of Economics (TSE) (2017) View citations (22)

2016

13. Risk-sharing or risk-taking? Counterparty-risk, incentives and margins
    Post-Print, HAL View citations (56)
    Also in Working Paper Series, European Central Bank (2012) View citations (12)
    See also Journal Article Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives, and Margins, Journal of Finance, American Finance Association (2016) View citations (56) (2016)

2015

14. Dynamics of Innovation and Risk
    Post-Print, HAL View citations (7)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2013)
    TSE Working Papers, Toulouse School of Economics (TSE) (2013)
    See also Journal Article Dynamics of Innovation and Risk, The Review of Financial Studies, Society for Financial Studies (2015) View citations (10) (2015)
15. Equilibrium fast trading
    Post-Print, HAL View citations (162)
    Also in TSE Working Papers, Toulouse School of Economics (TSE) (2014) View citations (27)
    HEC Research Papers Series, HEC Paris (2013) View citations (23)
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2014) View citations (9)
    See also Journal Article Equilibrium fast trading, Journal of Financial Economics, Elsevier (2015) View citations (173) (2015)

2014

16. Equilibrium Fast Traders
    2014 Meeting Papers, Society for Economic Dynamics
17. Equilibrium Pricing and Trading Volume under Preference Uncertainty
    Post-Print, HAL View citations (14)
    Also in TSE Working Papers, Toulouse School of Economics (TSE) (2013)
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2013)
    See also Journal Article Equilibrium Pricing and Trading Volume under Preference Uncertainty, The Review of Economic Studies, Review of Economic Studies Ltd (2014) View citations (16) (2014)
18. Risk-sharing or risk-taking? An incentive theory of counterparty risk, clearing and margins
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (3)
    Also in TSE Working Papers, Toulouse School of Economics (TSE) (2014) View citations (3)

2013

19. The (ir)resistible rise of agency rents
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse

2012

20. Clearing, counterparty risk and aggregate risk
    Post-Print, HAL View citations (54)
    Also in Working Paper Series, European Central Bank (2012) View citations (59)
    See also Journal Article Clearing, Counterparty Risk, and Aggregate Risk, IMF Economic Review, Palgrave Macmillan (2012) View citations (62) (2012)
21. Trading and liquidity with limited cognition
    2012 Meeting Papers, Society for Economic Dynamics
    Also in TSE Working Papers, Toulouse School of Economics (TSE) (2010) View citations (4)
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2010) View citations (4)
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (3)
    Working Papers, HAL (2012)

2010

22. Innovations, Rents and Risk
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (7)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2010) View citations (7)
    FMG Discussion Papers, Financial Markets Group (2010) View citations (1)
23. Large risks, limited liability, and dynamic moral hazard
    Post-Print, HAL View citations (150)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2009) View citations (1)
    See also Journal Article Large Risks, Limited Liability, and Dynamic Moral Hazard, Econometrica, Econometric Society (2010) View citations (163) (2010)

2009

24. Credit, wages and bankruptcy laws
    Post-Print, HAL View citations (12)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2008) View citations (4)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (5)
    See also Journal Article Credit, Wages, and Bankruptcy Laws, Journal of the European Economic Association, MIT Press (2009) View citations (13) (2009)
25. Equilibrium Asset Pricing and Portofolio Choice Under Asymmetric Information
    TSE Working Papers, Toulouse School of Economics (TSE)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2009) View citations (1)
    See also Journal Article Equilibrium Asset Pricing and Portfolio Choice Under Asymmetric Information, The Review of Financial Studies, Society for Financial Studies (2010) View citations (54) (2010)
26. Equilibrium Discovery and Preopening Mechanisms in an Experimental Market
    TSE Working Papers, Toulouse School of Economics (TSE)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2009) View citations (7)
    See also Journal Article Equilibrium Discovery and Preopening Mechanisms in an Experimental Market, Management Science, INFORMS (2014) View citations (15) (2014)
27. Hindsight Bias, Risk Perception, and Investment Performance
    Post-Print, HAL View citations (38)
    See also Journal Article Hindsight Bias, Risk Perception, and Investment Performance, Management Science, INFORMS (2009) View citations (46) (2009)
28. Liquidity Shocks and Order Book Dynamics
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (14)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2009) View citations (15)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (13)
    2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (14)
29. Political Predation and Economic Development
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (5)
    Post-Print, HAL (2009) View citations (9)
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2009) View citations (9)
    See also Journal Article POLITICAL PREDATION AND ECONOMIC DEVELOPMENT, Economics and Politics, Wiley Blackwell (2009) View citations (9) (2009)
30. Rents, learning and risk in the financial sector and other innovative industries
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (4)
    Also in FMG Discussion Papers, Financial Markets Group (2009) View citations (1)
31. The Lifecycle of the Financial Sector and Other Speculative Industries
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (4)
    Also in TSE Working Papers, Toulouse School of Economics (TSE) (2009) View citations (4)

2008

32. Entrepreneurs and New Ideas
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (28)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (16)
    See also Journal Article Entrepreneurs and new ideas, RAND Journal of Economics, RAND Corporation (2008) View citations (32) (2008)
33. Hindsight Bias and Investment Performance
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse

2007

34. Dealing in Junk
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse
35. Dynamic Security Design: Convergence to Continuous Time and Asset Pricing Implications
    Post-Print, HAL View citations (163)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2006) View citations (2)
    See also Journal Article Dynamic Security Design: Convergence to Continuous Time and Asset Pricing Implications, The Review of Economic Studies, Review of Economic Studies Ltd (2007) View citations (198) (2007)
36. Liquidity, Competition & Price Discovery in the European Corporate Bond Market
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (10)

2006

37. Imperfect Competition in Financial Markets: ISLAND versus NASDAQ
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (1)
38. Transparency, Liquidity and Information in Dealer Markets
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse

2004

39. Dynamic Security Design
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (21)
40. Judgmental Overconfidence, Self-Monitoring and Trading Performance in an Experimental Financial Market
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (14)
    See also Journal Article Judgemental Overconfidence, Self-Monitoring, and Trading Performance in an Experimental Financial Market, The Review of Economic Studies, Review of Economic Studies Ltd (2005) View citations (213) (2005)
41. Liquidity and the Cost of Funds in the European Treasury Market
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (5)
42. Market Microstructure: A Survey of Microfoundations, Empirical Results, and Policy Implications
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (1)
    See also Journal Article Market microstructure: A survey of microfoundations, empirical results, and policy implications, Journal of Financial Markets, Elsevier (2005) View citations (204) (2005)
43. Strategic Liquidity Supply and Security Design
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE (2003) View citations (4)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2003) View citations (2)
    See also Journal Article Strategic Liquidity Supply and Security Design, The Review of Economic Studies, Review of Economic Studies Ltd (2005) View citations (55) (2005)

2003

44. Equilibrium Asset Pricing Under Heterogeneous Information
    Levine's Bibliography, UCLA Department of Economics View citations (9)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2003) View citations (2)
45. Operational Risk and Capital Requirements in the European Investment Fund Industry
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (3)

2002

46. Imperfect Competition in Financial Markets: ISLAND vs. NASDAQ
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (12)
47. Psychological Traits and Trading Strategies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2000) View citations (4)
48. The Microstructure of Stock Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)

2001

49. Price Discovery Across the Rhine
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    See also Journal Article Price Discovery across the Rhine, Review of Finance, Springer (2004) View citations (6) (2004)

2000

50. A Structural Econometric Investigation of the Agency Theory of Financial Structure
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (3)
51. IPO Auctions: English, Dutch,... French and Internet
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (2)
    See also Journal Article IPO Auctions: English, Dutch,... French, and Internet, Journal of Financial Intermediation, Elsevier (2002) View citations (53) (2002)
52. Microstructure, Incentives, and the Discovery of Equilibrium in Experimental Financial Markets
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (6)
53. Privatization versus regulation in developing economies: The case of West African banks
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (1)
    See also Journal Article Privatisation versus Regulation in Developing Economies: The Case of West African Banks, Journal of African Economies, Centre for the Study of African Economies (2004) View citations (16) (2004)

1998

54. Competing Mechanisms in a Commun Value Environment
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (2)
    See also Journal Article Competing Mechanisms in a Common Value Environment, Econometrica, Econometric Society (2000) View citations (203) (2000)
55. Floors, dealer markets and limit order markets
    Post-Print, HAL View citations (31)
    See also Journal Article Floors, dealer markets and limit order markets, Journal of Financial Markets, Elsevier (1998) View citations (33) (1998)
56. Machiavellian Underpricing
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)

1997

57. Microstructure des marchés financiers: institutions, modèles et tests empiriques
    Post-Print, HAL View citations (8)
58. Short Sales COnstraints, Liquidity and Price Discovery: An Empirical Analysis on the Paris Bourse
    Working Papers, Toulouse - GREMAQ View citations (4)
    See also Journal Article Short Sales Constraints, Liquidity and Price Discovery: An Empirical Analysis on the Paris Bourse, European Financial Management, European Financial Management Association (1999) View citations (9) (1999)

1996

59. An optimal IPO mechanism
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (1)
    See also Journal Article An Optimal IPO Mechanism, The Review of Economic Studies, Review of Economic Studies Ltd (2002) View citations (65) (2002)

1995

60. Implicit collusion on wide spreads
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra

1994

61. Adverse selection in an insurance pool
    Working Papers, Risk and Insurance Archive
62. On the Survival of Irrational Traders: A Darwinian Approach
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (1)

1993

63. Asset Prices and Volume in a Beauty Contest
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
64. Asymétries d'information et marchés financiers: une synthèse de la littérature récente
    Post-Print, HAL
    See also Journal Article Asymétrie d’information et marchés financiers: une synthèse de la littérature récente, L'Actualité Economique, Société Canadienne de Science Economique (1993) (1993)

1991

65. Options Prices, Insider Trading, and Interdealer Competition
    CEPR Financial Markets Paper, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 33 Great Sutton Street, London EC1V 0DX.

Journal Articles

2021

1. Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing
   American Economic Review, 2021, 111, (11), 3575-3610 View citations (2)
   See also Working Paper Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing, CEPR Discussion Papers (2019) View citations (1) (2019)
2. Variation Margins, Fire Sales, and Information-constrained Optimality
   (Leverage, Moral Hazard, and Liquidity)
   The Review of Economic Studies, 2021, 88, (6), 2654-2686 View citations (4)
   See also Working Paper Variation margins, fire-sales and information-constrained optimality, TSE Working Papers (2022) (2022)

2020

3. Endogenous Agency Problems and the Dynamics of Rents
   The Review of Economic Studies, 2020, 87, (6), 2542-2567 View citations (9)
   See also Working Paper Endogenous agency problems and the dynamics of rents, TSE Working Papers (2018) (2018)

2019

4. Blockchains, Coordination, and Forks
   AEA Papers and Proceedings, 2019, 109, 88-92 View citations (5)
5. The Blockchain Folk Theorem
   The Review of Financial Studies, 2019, 32, (5), 1662-1715 View citations (138)
   See also Working Paper The blockchain folk theorem, Post-Print (2019) View citations (109) (2019)
6. The Microstructure of the Bond Market in the 20th Century
   Review of Economic Dynamics, 2019, 33, 250-271 View citations (27)
   See also Working Paper The Microstructure of the Bond Market in the 20th Century, TSE Working Papers (2018) View citations (5) (2018)
   Software Item Code and data files for "The Microstructure of the Bond Market in the 20th Century", Computer Codes (2018) (2018)

2016

7. Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives, and Margins
   Journal of Finance, 2016, 71, (4), 1669-1698 View citations (56)
   See also Working Paper Risk-sharing or risk-taking? Counterparty-risk, incentives and margins, Post-Print (2016) View citations (56) (2016)

2015

8. Dynamics of Innovation and Risk
   The Review of Financial Studies, 2015, 28, (5), 1353-1380 View citations (10)
   See also Working Paper Dynamics of Innovation and Risk, Post-Print (2015) View citations (7) (2015)
9. Equilibrium fast trading
   Journal of Financial Economics, 2015, 116, (2), 292-313 View citations (173)
   See also Working Paper Equilibrium fast trading, Post-Print (2015) View citations (162) (2015)
10. Report of the Editor of the Journal of Finance for the Year 2014
    Journal of Finance, 2015, 70, (4), 1839-1854

2014

11. Equilibrium Discovery and Preopening Mechanisms in an Experimental Market
    Management Science, 2014, 60, (3), 753-769 View citations (15)
    See also Working Paper Equilibrium Discovery and Preopening Mechanisms in an Experimental Market, TSE Working Papers (2009) (2009)
12. Equilibrium Pricing and Trading Volume under Preference Uncertainty
    The Review of Economic Studies, 2014, 81, (4), 1401-1437 View citations (16)
    See also Working Paper Equilibrium Pricing and Trading Volume under Preference Uncertainty, Post-Print (2014) View citations (14) (2014)
13. HFT and Market Quality
    Bankers, Markets & Investors, 2014, (128), 5-19 View citations (52)

2013

14. Corrigendum to "Competing Mechanisms in a Common Value Environment"
    Econometrica, 2013, 81, (1), 393-406 View citations (16)
15. Incentive compatible centralised clearing
    Financial Stability Review, 2013, (17), 161-168 View citations (2)
16. Report of the Editor of The Journal of Finance for the Year 2012
    Journal of Finance, 2013, 68, (4), 1691-1705

2012

17. Clearing, Counterparty Risk, and Aggregate Risk
    IMF Economic Review, 2012, 60, (2), 193-222 View citations (62)
    See also Working Paper Clearing, counterparty risk and aggregate risk, Post-Print (2012) View citations (54) (2012)

2010

18. Equilibrium Asset Pricing and Portfolio Choice Under Asymmetric Information
    The Review of Financial Studies, 2010, 23, (4), 1503-1543 View citations (54)
    See also Working Paper Equilibrium Asset Pricing and Portofolio Choice Under Asymmetric Information, TSE Working Papers (2009) (2009)
19. Imperfect Competition in Financial Markets: An Empirical Study of Island and Nasdaq
    Management Science, 2010, 56, (12), 2237-2250 View citations (25)
20. Large Risks, Limited Liability, and Dynamic Moral Hazard
    Econometrica, 2010, 78, (1), 73-118 View citations (163)
    See also Working Paper Large risks, limited liability, and dynamic moral hazard, Post-Print (2010) View citations (150) (2010)

2009

21. Credit, Wages, and Bankruptcy Laws
    Journal of the European Economic Association, 2009, 7, (5), 939-973 View citations (13)
    See also Working Paper Credit, wages and bankruptcy laws, Post-Print (2009) View citations (12) (2009)
22. Hindsight Bias, Risk Perception, and Investment Performance
    Management Science, 2009, 55, (6), 1018-1029 View citations (46)
    See also Working Paper Hindsight Bias, Risk Perception, and Investment Performance, Post-Print (2009) View citations (38) (2009)
23. POLITICAL PREDATION AND ECONOMIC DEVELOPMENT
    Economics and Politics, 2009, 21, (2), 255-277 View citations (9)
    See also Working Paper Political Predation and Economic Development, TSE Working Papers (2009) View citations (9) (2009)

2008

24. Entrepreneurs and new ideas
    RAND Journal of Economics, 2008, 39, (4), 1105-1125 View citations (32)
    See also Working Paper Entrepreneurs and New Ideas, IDEI Working Papers (2008) View citations (28) (2008)

2007

25. Dynamic Security Design: Convergence to Continuous Time and Asset Pricing Implications
    The Review of Economic Studies, 2007, 74, (2), 345-390 View citations (198)
    See also Working Paper Dynamic Security Design: Convergence to Continuous Time and Asset Pricing Implications, Post-Print (2007) View citations (163) (2007)

2005

26. Judgemental Overconfidence, Self-Monitoring, and Trading Performance in an Experimental Financial Market
    The Review of Economic Studies, 2005, 72, (2), 287-312 View citations (213)
    See also Working Paper Judgmental Overconfidence, Self-Monitoring and Trading Performance in an Experimental Financial Market, IDEI Working Papers (2004) View citations (14) (2004)
27. Market microstructure: A survey of microfoundations, empirical results, and policy implications
    Journal of Financial Markets, 2005, 8, (2), 217-264 View citations (204)
    See also Working Paper Market Microstructure: A Survey of Microfoundations, Empirical Results, and Policy Implications, IDEI Working Papers (2004) View citations (1) (2004)
28. Risque opérationnel et régulation du capital dans l’industrie de la gestion de fonds d’investissement en Europe
    Revue d'Économie Financière, 2005, 79, (2), 197-211
29. Strategic Liquidity Supply and Security Design
    The Review of Economic Studies, 2005, 72, (3), 615-649 View citations (55)
    See also Working Paper Strategic Liquidity Supply and Security Design, IDEI Working Papers (2004) (2004)

2004

30. Price Discovery across the Rhine
    Review of Finance, 2004, 8, (1), 49-74 View citations (6)
    Also in Review of Finance, 2004, 8, (1), 49-74 (2004) View citations (4)
    See also Working Paper Price Discovery Across the Rhine, CEPR Discussion Papers (2001) View citations (1) (2001)
31. Privatisation versus Regulation in Developing Economies: The Case of West African Banks
    Journal of African Economies, 2004, 13, (3), 361-394 View citations (16)
    Also in Journal of African Economies, 2004, 13, (3), 361-394 (2004) View citations (12)
    See also Working Paper Privatization versus regulation in developing economies: The case of West African banks, William Davidson Institute Working Papers Series (2000) View citations (1) (2000)

2002

32. An Optimal IPO Mechanism
    The Review of Economic Studies, 2002, 69, (1), 117-146 View citations (65)
    See also Working Paper An optimal IPO mechanism, IDEI Working Papers (1996) View citations (1) (1996)
33. Editorial
    European Economic Review, 2002, 46, (9), iii-iii
34. IPO Auctions: English, Dutch,... French, and Internet
    Journal of Financial Intermediation, 2002, 11, (1), 9-36 View citations (53)
    See also Working Paper IPO Auctions: English, Dutch,... French and Internet, IDEI Working Papers (2000) View citations (2) (2000)
35. Incentive-Compatible Contracts for the Sale of Information
    The Review of Financial Studies, 2002, 15, (4), 987-1003 View citations (16)
36. Machiavellian Privatization
    American Economic Review, 2002, 92, (1), 240-258 View citations (168)

2001

37. Informal and Formal Credit Markets and Credit Rationing in Côte D'Ivoire
    Oxford Review of Economic Policy, 2001, 17, (4), 520-534 View citations (16)

2000

38. Competing Mechanisms in a Common Value Environment
    Econometrica, 2000, 68, (4), 799-838 View citations (203)
    See also Working Paper Competing Mechanisms in a Commun Value Environment, IDEI Working Papers (1998) View citations (2) (1998)
39. Darwinian selection does not eliminate irrational traders
    European Economic Review, 2000, 44, (3), 469-490 View citations (8)

1999

40. Optimal Leverage and Aggregate Investment
    Journal of Finance, 1999, 54, (4), 1291-1323 View citations (81)
41. Price Discovery and Learning during the Preopening Period in the Paris Bourse
    Journal of Political Economy, 1999, 107, (6), 1218-1248 View citations (150)
42. Short Sales Constraints, Liquidity and Price Discovery: An Empirical Analysis on the Paris Bourse
    European Financial Management, 1999, 5, (3), 395-410 View citations (9)
    See also Working Paper Short Sales COnstraints, Liquidity and Price Discovery: An Empirical Analysis on the Paris Bourse, Working Papers (1997) View citations (4) (1997)

1998

43. Asset Prices and Trading Volume in a Beauty Contest
    The Review of Economic Studies, 1998, 65, (2), 307-340 View citations (62)
44. Floors, dealer markets and limit order markets
    Journal of Financial Markets, 1998, 1, (3-4), 253-284 View citations (33)
    See also Working Paper Floors, dealer markets and limit order markets, Post-Print (1998) View citations (31) (1998)

1997

45. Trade Credit and Credit Rationing
    The Review of Financial Studies, 1997, 10, (4), 903-37 View citations (365)

1995

46. An Empirical Analysis of the Limit Order Book and the Order Flow in the Paris Bourse
    Journal of Finance, 1995, 50, (5), 1655-89 View citations (563)
47. La structure financière des entreprises: une investigation empirique sur données françaises
    Économie et Prévision, 1995, 120, (4), 15-28 View citations (8)

1994

48. Insider and Liquidity Trading in Stock and Options Markets
    The Review of Financial Studies, 1994, 7, (4), 743-80 View citations (101)

1993

49. Asymétrie d’information et marchés financiers: une synthèse de la littérature récente
    L'Actualité Economique, 1993, 69, (1), 8-44
    See also Working Paper Asymétries d'information et marchés financiers: une synthèse de la littérature récente, Post-Print (1993) (1993)
50. Price Information and Equilibrium Liquidity in Fragmented and Centralized Markets
    Journal of Finance, 1993, 48, (1), 157-85 View citations (147)

1990

51. Formation des prix sur les marchés de contrepartie. Une synthèse de la littérature récente
    Revue Économique, 1990, 41, (5), 755-788 View citations (2)

Edited books

2002

1. New Research in Corporate Finance and Banking
   OUP Catalogue, Oxford University Press View citations (2)
2. New Research in Financial Markets
   OUP Catalogue, Oxford University Press

Software Items

2018

1. Code and data files for "The Microstructure of the Bond Market in the 20th Century"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article The Microstructure of the Bond Market in the 20th Century, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (27) (2019)