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Published Papers

Journal Articles

2008 “Extreme Governance: An Analysis of Dual-Class Companies in the United States”, (with Paul A. Gompers and Joy L. Ishii), forthcoming in the Review of Financial Studies.

2006 "Large Blocks of Stock: Prevalence, Size, and Measurement” (with Jennifer Dlugosz, Rüdiger Fahlenbrach, and Paul A. Gompers), Journal of Corporate Finance, June, 594-618.

2003 “Estimating the Returns to Insider Trading: A Performance-Evaluation Perspective
(with Leslie A. Jeng and Richard Zeckhauser), The Review of Economics and Statistics, May, 453-471.

2003 “Corporate Governance and Equity Prices” (with Paul A. Gompers and Joy L. Ishii), The Quarterly Journal of Economics 118(1), February, 107-155.

2002 “How Does the Internet Affect Trading? Evidence from Investor Behavior in 401(k) Plans” (with James J. Choi and David Laibson), Journal of Financial Economics 64(3), June, 397-421.

2001 “Should Investors Avoid All Actively-Managed Mutual Funds? A Study in Bayesian Performance Evaluation” (with Klaas Baks and Jessica Wachter), The Journal of Finance 56(1), February, 45-86.

2001 “Institutional Investors and Equity Prices” (with Paul A. Gompers), The Quarterly Journal of Economics 116(1), February, 229-259.

1999 “Performance Evaluation with Transactions Data: The Stock Selection of Investment Newsletters”, The Journal of Finance 54(5), October, 1743 - 1775.

1998 “Price Versus Quantity: Market Clearing Mechanisms when Consumers are Uncertain about Quality” (with Richard Zeckhauser), The Journal of Risk and Uncertainty 17(3), December, 215-242.

1998 “Conflicts and Choices in Biodiversity Preservation” (with Martin L. Weitzman), The Journal of Economic Perspectives 12(3), Summer, 21-34.

1997 “Irreversible Investment and Strategic Interaction” (with Antonio Fatás), Economica 64, February, 31-47.

1996 “March Madness? Strategic Behavior in NCAA Basketball Tournament Betting Pools”, Journal of Economic Behavior and Organization 30, August, 159-172.

1995 “A Natural Experiment in ‘Jeopardy!’”, American Economic Review 85(1), March, 240-253.

1996 “Patterns of Behavior in Endangered Species Preservation” (with Martin L. Weitzman), Land Economics 72(1), February, 1-16.

1994 “Fictitious Play in 2x2 Games: A Geometric Proof of Convergence” (with Ben Polak), Economic Theory 4, November, 923-933.

Book Chapters and Conference Papers

2005 “Passive Decisions and Potent Defaults” (with James J. Choi, David Laibson, and Brigitte C. Madrian), Analyses in the Economics of Aging, David Wise, ed., 59-78, University of Chicago Press.

2004 “Employees’ Investment Decisions about Company Stock”, (with James J. Choi, David Laibson, and Brigitte C. Madrian), in Pension Design and Structure: New Lessons from Behavioral Finance, Olivia S. Mitchell and Stephen P. Utkus, eds., 121-136, Oxford University Press.

2004 “For Better or For Worse: Default Effects and 401(k) Savings Behavior” (with James J. Choi, David Laibson, and Brigitte C. Madrian), in Perspectives in the Economics of Aging, David Wise, ed., 81-126, University of Chicago Press.

2003 “Optimal Defaults” (with James J. Choi, David Laibson, and Brigitte C. Madrian), American Economic Review: Papers and Proceedings, 93(2), May, 180-185.

2002 “Defined Contribution Pensions: Plan Rules, Participant Decisions, and the Path of Least Resistance” (with James J. Choi, David Laibson, and Brigitte C. Madrian), in Tax Policy and the Economy, James Poterba, ed., 67 -113, Volume 16, MIT Press.

2001 “DEMES: Database on the Economics and Management of Endangered Species” (with David W. Cash, JR DeShazo, Todd Schatzki, Stuart Shapiro, and Martin L. Weitzman) , in Protecting Endangered Species in the United States, Jason F. Shogren and John Tschirhart, eds., Chapter 19, 374 - 380, Cambridge University Press.

Other Publications

2008 “James Tobin”, forthcoming in The International Encyclopedia of the Social Sciences, 2nd Edition, MacMillan Reference USA.

2008 “Insider Trading”, forthcoming in The New Palgrave Dictionary of Economics, 2nd Edition, Larry Blume and Steven Durlauf, eds., Palgrave MacMillan.

2003 “Corporate Governance and the Individual Investor” (with Paul A. Gompers), TIAA-CREF Investment Forum, June, 10-12.

2002 “Reading the Tax Code Will Solve His Puzzle”, (with Paul A. Gompers and Jeremy Siegel), The Wall Street Journal, September 9, A15.

2002 “This Tax Cut Will Pay Dividends” (with Paul A. Gompers and Jeremy Siegel), The Wall Street Journal, August 13, A20.

2002 “Performance Evaluation in Financial Economics”, NBER Reporter, Summer, 5-7.

2001 “Facing the Challenge of Venture Capital”, The Financial Times, Mastering Investment Series, Part Eight, July 2, 6-7. (Reprinted in Mastering Investment, 2002, James Pickford, ed., FT Prentice Hall, 305-312.)

1999 “Conflicts and Choices in Biodiversity Preservation, A Reply”, Journal of Economic Perspectives, Summer, 239.