Details about Peter M. DeMarzo

Access statistics for papers by Peter M. DeMarzo.

Last updated 2022-06-04. Update your information in the RePEc Author Service.

Short-id: pde650

Working Papers

2021

1. Contracting in Peer Networks
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
2. Sovereign Debt Ratchets and Welfare Destruction
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2017

3. The Leverage Ratchet Effect
   Research Papers, Stanford University, Graduate School of Business View citations (11)
   Also in Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2017) View citations (19)
   Research Papers, Stanford University, Graduate School of Business (2013) View citations (20)
   Research Papers, Stanford University, Graduate School of Business (2015) View citations (12)
   See also Journal Article in Journal of Finance (2018)

2016

4. Learning, Termination, and Payout Policy in Dynamic Incentive Contracts
   Research Papers, Stanford University, Graduate School of Business View citations (17)
   See also Journal Article in Review of Economic Studies (2017)
5. Leverage Dynamics without Commitment
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
   See also Journal Article in Journal of Finance (2021)
6. Relative Pay for Non-Relative Performance: Keeping up with the Joneses with Optimal Contracts
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)

2014

7. Finance d'entreprise
   Post-Print, HAL
   Also in Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2014)
8. Risking Other People's Money: Gambling, Limited Liability, and Optimal Incentives
   Research Papers, Stanford University, Graduate School of Business View citations (5)

2013

9. Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Socially Expensive
   Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (167)

2011

10. Endogenous Information Flows and the Clustering of Announcements
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (62)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (1)
    See also Journal Article in American Economic Review (2011)

2010

11. Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity Is Not Expensive
    Research Papers, Stanford University, Graduate School of Business View citations (191)
    Also in Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2010) View citations (185)

2008

12. Dynamic agency and the q theory of investment
    2008 Meeting Papers, Society for Economic Dynamics View citations (31)
    See also Journal Article in Journal of Finance (2012)

2004

13. A Continuous-Time Agency Model of Optimal Contracting and Capital Structure
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
14. Bidding With Securities: Auctions and Security Design
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Econometric Society 2004 North American Winter Meetings, Econometric Society (2004) View citations (5)
    Econometric Society 2004 North American Winter Meetings, Econometric Society (2004) View citations (1)
    See also Journal Article in American Economic Review (2005)

2003

15. Persuasion bias, social influence, and uni-dimensional opinions
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (249)
    Also in Research Papers, Stanford University, Graduate School of Business (2001) View citations (11)
    See also Journal Article in The Quarterly Journal of Economics (2003)

2000

16. A Model of Persuasion - With Implications for Financial Markets
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (4)
17. The Enforcement Policy of a Self-Regulatory Organization
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (2)

1988

18. Coalitions and Sustainable Social Norms in Repeated Games
    Working Papers, Stanford - Institute for Thoretical Economics View citations (2)

Journal Articles

2021

1. Leverage Dynamics without Commitment
   Journal of Finance, 2021, 76, (3), 1195-1250 View citations (20)
   See also Working Paper (2016)
2. Portfolio Liquidity and Security Design with Private Information
   (Strategic liquidity supply and security design)
   Review of Financial Studies, 2021, 34, (12), 5841-5885 View citations (2)

2019

3. Presidential Address: Collateral and Commitment
   Journal of Finance, 2019, 74, (4), 1587-1619 View citations (25)
4. Test Design and Minimum Standards
   American Economic Review, 2019, 109, (6), 2173-2207 View citations (5)

2018

5. The Leverage Ratchet Effect
   Journal of Finance, 2018, 73, (1), 145-198 View citations (86)
   See also Working Paper (2017)

2017

6. Learning, Termination, and Payout Policy in Dynamic Incentive Contracts
   Review of Economic Studies, 2017, 84, (1), 182-236 View citations (14)
   See also Working Paper (2016)

2016

7. American Finance Association
   Journal of Finance, 2016, 71, (6), 3121-3121
8. Robust option pricing: Hannan and Blackwell meet Black and Scholes
   Journal of Economic Theory, 2016, 163, (C), 410-434 View citations (5)

2012

9. Dynamic Agency and the q Theory of Investment
   Journal of Finance, 2012, 67, (6), 2295-2340 View citations (127)
   See also Working Paper (2008)

2011

10. Endogenous Information Flows and the Clustering of Announcements
    American Economic Review, 2011, 101, (7), 2955-79 View citations (62)
    See also Working Paper (2011)

2008

11. Relative Wealth Concerns and Financial Bubbles
    Review of Financial Studies, 2008, 21, (1), 19-50 View citations (51)

2007

12. Agency and Optimal Investment Dynamics
    Review of Financial Studies, 2007, 20, (1), 151-188 View citations (73)
13. Optimal Long-Term Financial Contracting
    Review of Financial Studies, 2007, 20, (6), 2079-2128 View citations (177)
14. Technological innovation and real investment booms and busts
    Journal of Financial Economics, 2007, 85, (3), 735-754 View citations (39)

2006

15. Optimal Security Design and Dynamic Capital Structure in a Continuous‐Time Agency Model
    Journal of Finance, 2006, 61, (6), 2681-2724 View citations (279)
16. Ownership Dynamics and Asset Pricing with a Large Shareholder
    Journal of Political Economy, 2006, 114, (4), 774-815 View citations (46)

2005

17. Bidding with Securities: Auctions and Security Design
    American Economic Review, 2005, 95, (4), 936-959 View citations (95)
    See also Working Paper (2004)
18. Self-Regulation and Government Oversight
    Review of Economic Studies, 2005, 72, (3), 687-706 View citations (39)
19. The Pooling and Tranching of Securities: A Model of Informed Intermediation
    Review of Financial Studies, 2005, 18, (1), 1-35 View citations (271)

2003

20. Persuasion Bias, Social Influence, and Unidimensional Opinions
    The Quarterly Journal of Economics, 2003, 118, (3), 909-968 View citations (321)
    See also Working Paper (2003)

1999

21. A Liquidity-Based Model of Security Design
    Econometrica, 1999, 67, (1), 65-100 View citations (280)
22. Optimal Incentive Contracts When Agents Can Save, Borrow, and Default
    Journal of Financial Intermediation, 1999, 8, (4), 241-269 View citations (16)

1998

23. Aggregation, Determinacy, and Informational Efficiency for a Class of Economies with Asymmetric Information
    Journal of Economic Theory, 1998, 80, (1), 123-152 View citations (30)
24. On the uniqueness of fully informative rational expectations equilibria
    Economic Theory, 1999, 13, (1), 1-24 View citations (3)
25. The Optimal Enforcement of Insider Trading Regulations
    Journal of Political Economy, 1998, 106, (3), 602-632 View citations (25)

1996

26. Computing Equilibria When Asset Markets Are Incomplete
    Econometrica, 1996, 64, (1), 1-27 View citations (39)
27. Computing equilibria of GEI by relocalization on a Grassmann manifold
    Journal of Mathematical Economics, 1996, 26, (4), 479-497 View citations (23)

1995

28. Corporate Incentives for Hedging and Hedge Accounting
    Review of Financial Studies, 1995, 8, (3), 743-71 View citations (207)

1993

29. Majority Voting and Corporate Control: The Rule of the Dominant Shareholder
    Review of Economic Studies, 1993, 60, (3), 713-734 View citations (81)

1992

30. Coalitions, leadership, and social norms: The power of suggestion in games
    Games and Economic Behavior, 1992, 4, (1), 72-100 View citations (11)
31. Sequential Banking
    Journal of Political Economy, 1992, 100, (1), 41-61 View citations (79)

1991

32. Corporate financial hedging with proprietary information
    Journal of Economic Theory, 1991, 53, (2), 261-286 View citations (81)

1988

33. An extension of the Modigliani-Miller theorem to stochastic economies with incomplete markets and interdependent securities
    Journal of Economic Theory, 1988, 45, (2), 353-369 View citations (17)