WORK IN PROGRESS:

• The Effects of Heterogeneity in Secondary Markets: a Comparison of France, UK and US Car Markets (with Alessandro Lizzeri).

• Consumer Credit and the Volatility of Durable Expenditure: Evidence from Car Purchases.

WORKING PAPERS:

• Thick-Market Effects in Real Asset Markets, Updated: April 2008. 
  The paper is a revision of the paper formerly titled "Liquidity in Real Asset Markets". 

• Dynamic Inefficiencies in Employment-Based Health Insurance: Theory and Evidence (with Hanming Fang), NBER Working Paper No. 13371, August 2007. 

• Asset Liquidity and Financial Contracts: Evidence from Aircraft Leases, Updated: June 2008.

• Leasing and Secondary Markets: Theory and Evidence from Commercial Aircraft, Updated: March 2007.

• Transparency and Economic Policy (with Alessandro Lizzeri), Updated: February 2008. 
  Please see Addendum to Transparency and Economic Policy for additional results. 

• The Perils of Transparency in Bureaucracies (with Alessandro Lizzeri).
  American Economic Review, Papers and Proceedings, Vol. 97, No. 2, (May, 2007), pp. 300-305.