Details about David Easley

Homepage:	http://www.arts.cornell.edu/econ/deasley/
Workplace:	Department of Economics, Cornell University, (more information at EDIRC) Cornell University, Department of Information Science

Access statistics for papers by David Easley.

Last updated 2020-04-05. Update your information in the RePEc Author Service.

Short-id: pea15

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Working Papers

2019

1. Multidimensional Diffusion Processes in Dynamic Online Networks
   EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (1)
   See also Journal Article Multidimensional diffusion processes in dynamic online networks, PLOS ONE, Public Library of Science (2020) (2020)

2015

2. A Case for Incomplete Markets
   Economics Series, Institute for Advanced Studies View citations (13)
   Also in 2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (10)
   See also Journal Article A case for incomplete markets, Journal of Economic Theory, Elsevier (2018) View citations (11) (2018)

2009

3. Constructive Decision Theory
   Economics Series, Institute for Advanced Studies View citations (7)

2002

4. Time-Varying Arrival Rates of Informed and Uninformed Trades
   Finance, University Library of Munich, Germany View citations (15)
   See also Journal Article Time-Varying Arrival Rates of Informed and Uninformed Trades, Journal of Financial Econometrics, Oxford University Press (2008) View citations (79) (2008)

2001

5. If You're So Smart, Why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
   Working Papers, Santa Fe Institute View citations (13)
   Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2001) View citations (30)
   See also Journal Article If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets, Econometrica, Econometric Society (2006) View citations (196) (2006)

1998

6. Optimality and Natural Selection in Markets
   GE, Growth, Math methods, University Library of Munich, Germany View citations (1)
   Also in Working Papers, Santa Fe Institute (1998)
   See also Journal Article Optimality and Natural Selection in Markets, Journal of Economic Theory, Elsevier (2002) View citations (29) (2002)

1993

7. Rational Expectations and Rational Learning
   Game Theory and Information, University Library of Munich, Germany View citations (18)

1983

8. A Theory of Price Formation and Exchange in Oral Auctions
   Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science
   Also in Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science (1981)

1979

9. Stochastic Equilibrium and Optimality with Rolling Plans
   Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science
   See also Journal Article Stochastic Equilibrium and Optimality with Rolling Plans, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1981) View citations (13) (1981)

1978

10. Expectations and Equilibrium with Incomplete Markets
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science
11. Optimal Policies and Steady-State Solutions for Inventory Problems with Markovian Uncertainty
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science

Undated

12. Theories of Price Formation and Exchange in Double Oral Auctions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences

Journal Articles

2020

1. Multidimensional diffusion processes in dynamic online networks
   PLOS ONE, 2020, 15, (2), 1-21
   See also Working Paper Multidimensional Diffusion Processes in Dynamic Online Networks, EIEF Working Papers Series (2019) View citations (1) (2019)

2019

2. From mining to markets: The evolution of bitcoin transaction fees
   Journal of Financial Economics, 2019, 134, (1), 91-109 View citations (167)

2018

3. A case for incomplete markets
   Journal of Economic Theory, 2018, 178, (C), 191-221 View citations (11)
   See also Working Paper A Case for Incomplete Markets, Economics Series (2015) View citations (13) (2015)

2017

4. An Improved Version of the Volume-Synchronized Probability of Informed Trading: A Comment
   Critical Finance Review, 2017, 6, (2), 377-379

2016

5. Differential Access to Price Information in Financial Markets
   Journal of Financial and Quantitative Analysis, 2016, 51, (4), 1071-1110 View citations (19)
6. Discerning information from trade data
   Journal of Financial Economics, 2016, 120, (2), 269-285 View citations (36)

2015

7. Introduction to computer science and economic theory
   Journal of Economic Theory, 2015, 156, (C), 1-13 View citations (5)
8. Loss aversion, survival and asset prices
   Journal of Economic Theory, 2015, 160, (C), 494-516 View citations (22)
9. OPTIMAL EXECUTION HORIZON
   Mathematical Finance, 2015, 25, (3), 640-672 View citations (5)

2014

10. Leveling the trading field
    Journal of Financial Markets, 2014, 17, (C), 65-93 View citations (8)
11. Opaque Trading, Disclosure, and Asset Prices: Implications for Hedge Fund Regulation
    The Review of Financial Studies, 2014, 27, (4), 1190-1237 View citations (24)
12. VPIN and the Flash Crash: A rejoinder
    Journal of Financial Markets, 2014, 17, (C), 47-52 View citations (12)

2012

13. Flow Toxicity and Liquidity in a High-frequency World
    The Review of Financial Studies, 2012, 25, (5), 1457-1493 View citations (173)

2011

14. The characteristics of informed trading: Implications for asset pricing
    Journal of Empirical Finance, 2011, 18, (5), 782-801 View citations (55)

2010

15. Factoring Information into Returns
    Journal of Financial and Quantitative Analysis, 2010, 45, (2), 293-309 View citations (82)
16. Heterogeneity, Selection, and Wealth Dynamics
    Annual Review of Economics, 2010, 2, (1), 425-450 View citations (12)
17. Liquidity and valuation in an uncertain world
    Journal of Financial Economics, 2010, 97, (1), 1-11 View citations (93)
18. Microstructure and Ambiguity
    Journal of Finance, 2010, 65, (5), 1817-1846 View citations (40)

2009

19. Ambiguity and Nonparticipation: The Role of Regulation
    The Review of Financial Studies, 2009, 22, (5), 1817-1843 View citations (140)
20. The market organism: Long-run survival in markets with heterogeneous traders
    Journal of Economic Dynamics and Control, 2009, 33, (5), 1023-1035 View citations (22)
21. Trading networks with price-setting agents
    Games and Economic Behavior, 2009, 67, (1), 36-50 View citations (49)

2008

22. Time-Varying Arrival Rates of Informed and Uninformed Trades
    Journal of Financial Econometrics, 2008, 6, (2), 171-207 View citations (79)
    See also Working Paper Time-Varying Arrival Rates of Informed and Uninformed Trades, Finance (2002) View citations (15) (2002)

2006

23. If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
    Econometrica, 2006, 74, (4), 929-966 View citations (196)
    See also Working Paper If You're So Smart, Why Aren't You Rich? Belief Selection in Complete and Incomplete Markets, Working Papers (2001) View citations (13) (2001)
24. Information, trade and incomplete markets
    Economic Theory, 2006, 29, (2), 379-394 View citations (10)

2005

25. Optimal guessing: Choice in complex environments
    Journal of Economic Theory, 2005, 124, (1), 1-21 View citations (4)

2002

26. Optimality and Natural Selection in Markets
    Journal of Economic Theory, 2002, 107, (1), 95-135 View citations (29)
    See also Working Paper Optimality and Natural Selection in Markets, GE, Growth, Math methods (1998) View citations (1) (1998)

2001

27. How Stock Splits Affect Trading: A Microstructure Approach
    Journal of Financial and Quantitative Analysis, 2001, 36, (1), 25-51 View citations (85)

1999

28. Choice without Beliefs
    Econometrica, 1999, 67, (5), 1157-1184 View citations (21)

1998

29. Financial analysts and information-based trade
    Journal of Financial Markets, 1998, 1, (2), 175-201 View citations (98)

1997

30. One Day in the Life of a Very Common Stock
    The Review of Financial Studies, 1997, 10, (3), 805-35 View citations (257)

1996

31. Cream-Skimming or Profit-Sharing? The Curious Role of Purchased Order Flow
    Journal of Finance, 1996, 51, (3), 811-33 View citations (211)
32. Liquidity, Information, and Infrequently Traded Stocks
    Journal of Finance, 1996, 51, (4), 1405-36 View citations (501)

1994

33. Market Statistics and Technical Analysis: The Role of Volume
    Journal of Finance, 1994, 49, (1), 153-81 View citations (396)

1993

34. An Equilibrium Analysis of Fiscal Policy with Uncertainty and Incomplete Markets
    International Economic Review, 1993, 34, (4), 935-52 View citations (9)
35. Economic natural selection
    Economics Letters, 1993, 42, (2-3), 281-289 View citations (14)

1992

36. Adverse Selection and Large Trade Volume: The Implications for Market Efficiency
    Journal of Financial and Quantitative Analysis, 1992, 27, (2), 185-208 View citations (41)
37. Evolution and market behavior
    Journal of Economic Theory, 1992, 58, (1), 9-40 View citations (243)
38. Time and the Process of Security Price Adjustment
    Journal of Finance, 1992, 47, (2), 576-605 View citations (536)

1991

39. Order Form and Information in Securities Markets
    Journal of Finance, 1991, 46, (3), 905-27 View citations (29)

1990

40. Implementation of Walrasian expectations equilibria
    Journal of Economic Theory, 1990, 51, (1), 207-227 View citations (21)

1989

41. Optimal Learning with Endogenous Data
    International Economic Review, 1989, 30, (4), 963-78 View citations (11)

1988

42. Contracts and asymmetric information in the theory of the firm
    Journal of Economic Behavior & Organization, 1988, 9, (3), 229-246 View citations (3)
43. Controlling a Stochastic Process with Unknown Parameters
    Econometrica, 1988, 56, (5), 1045-64 View citations (49)

1987

44. Price, trade size, and information in securities markets
    Journal of Financial Economics, 1987, 19, (1), 69-90 View citations (790)

1985

45. An Equilibrium Analysis of Optimal Unemployment Insurance and Taxation
    The Quarterly Journal of Economics, 1985, 100, (Supplement), 989-1010 View citations (13)
46. Preying for Time
    Journal of Industrial Economics, 1985, 33, (4), 445-60 View citations (6)

1984

47. Rational expectations equilibrium: An alternative approach
    Journal of Economic Theory, 1984, 34, (1), 116-129 View citations (24)

1983

48. Consensus Beliefs Equilibrium and Market Efficiency
    Journal of Finance, 1983, 38, (3), 903-11
49. The Economic Role of the Nonprofit Firm
    Bell Journal of Economics, 1983, 14, (2), 531-538 View citations (58)

1982

50. Characterization of optimal plans for stochastic dynamic programs
    Journal of Economic Theory, 1982, 28, (2), 221-234 View citations (30)
51. Introduction to the stability of rational expectations equilibrium
    Journal of Economic Theory, 1982, 26, (2), 313-317 View citations (41)
52. Learning to be rational
    Journal of Economic Theory, 1982, 26, (2), 340-351 View citations (60)

1981

53. Stochastic Equilibrium and Optimality with Rolling Plans
    International Economic Review, 1981, 22, (1), 79-103 View citations (13)
    See also Working Paper Stochastic Equilibrium and Optimality with Rolling Plans, Discussion Papers (1979) (1979)

1979

54. The Postal Savings System in the Depression
    The Journal of Economic History, 1979, 39, (3), 741-753 View citations (14)

Chapters

2003

1. Microstructure and asset pricing
   Chapter 17 in Handbook of the Economics of Finance, 2003, vol. 1, Part 2, pp 1021-1051 View citations (5)