Articles

“Was Sarbanes-Oxley costly: evidence from optimal contracting on CEO compensation,” with George-Levi Gayle and Chen Li, Journal of Accounting Research, Vol. 60, No. 4, pp. 1189 - 1234, September 2022. Supplementary appendix

"Winning by default: why is there so little competition in government procurement?," with Karam Kang, The Review of Economic Studies, Vol. 89, No. 3, pp. 1495 - 1556, May 2022.  Data and code

"2021 Klein Lecture: American dream delayed: shifting determinants of home ownership," with Natalia Khorunzhina, International Economic Review, Vol. 63, No. 1, pp. 3 - 35, February 2022.

"Innovation and diffusion of medical treatment," with Barton H. Hamilton, Andres Hincapie and Nicholas W. Papageorge, International Economic Review, Vol. 62, No. 3, pp. 953 - 1009, August 2021. Supplementary appendix: The HAART movie

"Bidding frictions in ascending auctions," with Aaron Barkley and Joachim R. Groeger, Journal of Econometrics,  Vol. 223, No. 2, pp. 376 - 400, August 2021.

"Identifying dynamic discrete choice models off short panels," with Peter Arcidiacono, Journal of Econometrics, Vol. 215, No. 2, pp.473 - 485, March 2020.

"Nonstationary dynamic models with finite dependence," with Peter Arcidiacono, Quantitative Economics, Vol. 10, No.3, pp. 853 - 890, July 2019.

“How well does agency theory explain executive compensation,” with George-Levi Gayle and Chen Li, Federal Reserve Bank of St. Louis Review, Vol.100, No. 3, pp. 201 - 236, July 2018.

“Promotion, turnover and compensation in the executive labor market,” with George-Levi Gayle and Limor Golan, Econometrica, Vol. 83, No. 6, pp. 2293 - 2369, November 2015. Supplementary appendix

“Identifying and testing models of managerial compensation,” with George-Levi Gayle, The Review of Economic Studies, Vol. 82, No. 3, pp. 1074 - 1118, July 2015. Supplementary appendix

“Gender differences in executive compensation and job mobility,” with George-Levi Gayle and Limor Golan, Journal of Labor Economics, Vol. 30, No. 4, pp. 829 - 872, October 2012. Supplementary appendix

“Conditional choice probability estimation of dynamic discrete choice models with unobserved heterogeneity,” with Peter Arcidiacono, Econometrica, Vol. 79, No. 6, pp. 1823 - 1867, November 2011. Supplementary appendix

"Has moral hazard become a more important factor in managerial compensation?" with George-Levi Gayle, American Economic Review, Vol. 99, No. 5, pp. 1740 - 1769, December 2009.

“Insider information and performance pay,” with George-Levi Gayle, CESifo Economic Studies, Vol 55, No. 3-4, pp. 515 - 541, May 2009.

"Estimating the gains from trade in limit-order markets," with Burton Hollifield, Patrik Sandas and Joshua Slive, Journal of Finance, Vol 61, No. 6, pp. 2753 - 2804, December 2006.

"Empirical analysis of limit order markets," with Burton Hollifield and Patrik Sandas, The Review of Economic Studies, Vol 71, No. 3, pp. 1027 - 1063, October 2004.

"Managerial compensation and the cost of moral hazard," with Mary Margiotta, International Economic Review, Vol. 41, No. 3, pp. 669 - 719, August 2000.

"The effect of work experience on female wages and labor supply," with Sumru Altug, The Review of Economic Studies, Vol. 65, No. 1, pp. 45 - 85, January 1998.

"A microeconomic comparison of household behavior between countries," with Holger Sieg, Journal of Business and Economic Statistics, Vol. 15, pp. 237 - 254, April 1997.

"Human capital development and welfare participation," with Seth Sanders, Carnegie Rochester Conference Series on Public Policy, Vol. 46, pp. 1 - 45, June 1997.

"Estimating models of dynamic optimization with microeconomic data," in Handbook of Applied Econometrics, M. Pesaran and P. Schmidt, editors, Basil Blackwell, Vol. 2, pp. 246 - 299, 1997.

"Plant objectives as revealed by shop floor activities," with Prasad Ramnath, Journal of Operations Management, Vol. 12, No. 4, 273 - 296, June 1995.

"New product pricing: the marketing of innovations," Chapter 5 in Economic Approaches to Innovation, edited by S. Dowrick, Edward Elgar, pp. 98 - 119, 1995.

"Transforming productivity in multinational manufacture using demand flow technology," with E. Kampouris, Long Range Planning, Vol. 27, No. 6, pp. 82 - 95, December 1994.

"A simulation estimator for dynamic models of discrete choice," with V. Joseph Hotz, Seth Sanders and Jeffrey Smith, The Review of Economic Studies, Vol. 61, No. 3, pp. 265 - 290, April 1994.

"What can panel data tell us about labour markets?" Journal of Labour Economics and Productivity, Vol. 5, No. 2, pp. 165 - 180, September 1993.

"Conditional choice probabilities and the estimation of dynamic models," with V. Joseph Hotz, The Review of Economic Studies, Vol. 60, No. 3, pp. 497 - 531, July 1993.

"Labor supply with a minimum hours threshold: a comment," Carnegie Rochester Conference Series on Public Policy, Vol. 33, pp. 169 - 180, Autumn 1990.

"Household choices in equilibrium," with Sumru Altug, Econometrica, Vol. 58, No. 3, pp. 543 - 570 May 1990.

"Innovation and reputation", Journal of Political Economy, Vol. 96, No. 4, pp. 741 - 765, August 1988.

"An empirical analysis of life cycle fertility and female labor supply," with V. Joseph Hotz, Econometrica, Vol. 56, No. 1, pp. 91 - 119, January 1988.

"Job matching and occupational choice," Journal of Political Economy, Vol. 92, No. 6, pp. 1086 -­ 1120, December 1984.

"A stochastic analysis of the tree paradigm," with Karl Voltaire, Journal of Economic Dynamics and Control, Vol. 6, No. 4, pp. 371 - 386, December 1983.

"Price control in a perfect foresight model of an extractive industry," Resources and Energy, Vol. 3, No. 3, pp. 259 - 283, November 1981.

"A sequential stochastic tree problem," with Karl Voltaire, Economic Letters, vol. 5, No. 2, pp. 135 - 140, 1980.

"Resource extraction and anticipated demand shifts," with Michael Knoll and John Martin, Economic Letters, Vol. 6, No. 3, pp. 271 - 274, 1980.

"Optimal voting turnouts," (with H. Geoffrey Brennan), Atlantic Economic Journal, Vol. 8, No. 3, pp. 62 - 69, September 1979.