Publications

by members of

Owen Graduate School of Management
Vanderbilt University
Nashville, Tennessee (United States)

Working papers

2008

1. Cohen, Mark A. & Vandenbergh, Michael P., 2008. "Consumption, Happiness, and Climate Change," Discussion Papers dp-08-39, Resources For the Future. [Downloadable!]

2007

1. Parsley, David & Wei, Shang-jin, 2007. "In Search of a Euro Effect: Big Lessons from a Big Mac Meal?," MPRA Paper 6041, University Library of Munich, Germany. [Downloadable!]
2. Faccio, Mara & Parsley, Davie, 2007. "Sudden Deaths: Taking Stock of Geographic Ties," MPRA Paper 6042, University Library of Munich, Germany. [Downloadable!]
3. Chaney, Paul & Faccio, Mara & Parsley, David, 2007. "The Quality of Accounting Information in Politically Connected Firms," MPRA Paper 6040, University Library of Munich, Germany. [Downloadable!]

2006

1. Faccio, Mara & Parsley, David, 2006. "Sudden Deaths: Taking Stock of Political Connections," CEPR Discussion Papers 5460, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)

2005

1. Jeffrey A. Frankel & David C. Parsley & Shang-Jin Wei, 2005. "Slow Passthrough Around the World: A New Import for Developing Countries?," NBER Working Papers 11199, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Frankel, Jeffrey & Parsley, David & Wei, Shang-Jin, 2005. "Slow Passthrough Around the World: A New Import for Developing Countries?," Working Paper Series rwp05-016, Harvard University, John F. Kennedy School of Government. [Downloadable!]

2004

1. Parsley, David & Wei, Shang-Jin, 2004. "A Prism into the PPP Puzzles: The Micro-Foundations of Big Mac Real Exchange Rates," CEPR Discussion Papers 4486, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
2. David C. Parsley & Shang-Jin Wei, 2004. "A Price Based Approach To Estimate The Effects Of Monetary Arrangements On Trade Integration," Development Working Papers 185, Centro Studi Luca d\'Agliano, University of Milano. [Downloadable!]

2003

1. David C. Parsley & Shang-Jin Wei, 2003. "A Prism into the PPP Puzzles: The Micro-foundations of Big Mac Real Exchange Rates," NBER Working Papers 10074, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Amar Gande & David Parsley, 2003. "News Spillovers in the Sovereign Debt Market," Working Papers 062003, Hong Kong Institute for Monetary Research. [Downloadable!]
3. David C. Parsley & Shang-Jin Wei, 2003. "The Micro-foundations of Big Mac Real Exchange Rates," IEHAS Discussion Papers 0306, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
4. Mikhael Shor, 2003. "Learning to Respond: The Use of Heuristics in Dynamic Games," Game Theory and Information 0301001, EconWPA. [Downloadable!]
5. Vlad Mares & Mikhael Shor, 2003. "Joint Bidding in Common Value Auctions: Theory and Evidence," Game Theory and Information 0305001, EconWPA. [Downloadable!]

2002

1. David Parsley, 2002. "Pricing in International Markets: a 'Small-Country' Benchmark," International Finance 0211002, EconWPA. [Downloadable!]
2. David Parsley, 2002. "Accounting for Real Exchange Rate Changes in East Asia," International Finance 0211003, EconWPA. [Downloadable!]
3. David Parsley Helen Popper, 2002. "Inflation And Price Dispersion In Equity Markets And In Goods And Services Markets," Macroeconomics 0211004, EconWPA. [Downloadable!]
4. David Parsley Helen Popper, 2002. "Exchange Rate Pegs and Foreign Exchange Exposure in East Asia," International Finance 0211001, EconWPA. [Downloadable!]
5. David Parsley Shang-Jin Wei, 2002. "Currency Arrangements And Goods Market Integration: A Price Based Approach," International Finance 0211004, EconWPA. [Downloadable!]
6. David Parsley & Helen Popper, 2002. "Foreign Exchange Exposure and Exchange Rate Arrangements in East Asia," Working Papers 172002, Hong Kong Institute for Monetary Research. [Downloadable!]

2001

1. David C. Parsley & Shang-Jin Wei, 2001. "Limiting Currency Volatility to Stimulate Goods Market Integration: A Price Based Approach," NBER Working Papers 8468, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Parsley, David & Wei, Shang-Jin, 2001. "Limiting Currency Volatility to Stimulate Goods Market Integration: a Price-Based Approach," CEPR Discussion Papers 2958, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
3. David C. Parsley & Shang-Jin Wei, 2001. "Limiting Currency Volatility to Stimulate Goods Market Integration: A Price-Based Approach," IMF Working Papers 01/197, International Monetary Fund. [Downloadable!]
4. David C. Parsley, 2001. "Exchange Rate Pass-Through in a Small Open Economy: Panel Evidence from Hong Kong," Working Papers 102001, Hong Kong Institute for Monetary Research. [Downloadable!]
5. David C. Parsley, 2001. "Accounting for Real Exchange Rate Changes in East Asia," Working Papers 062001, Hong Kong Institute for Monetary Research. [Downloadable!]
6. David C. Parsley, 2001. "Pricing in International Markets: A 'Small Country' Benchmark," Working Papers 112001, Hong Kong Institute for Monetary Research. [Downloadable!]

2000

1. David C. Parsley & Shang-Jin Wei, 2000. "Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography," NBER Working Papers 7836, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Barry Sopher & Eric Friedman & Scott Shenker & Mikhael Shor, 2000. "Asynchronous Learning with Limited Information: An Experimental Analysis," Departmental Working Papers 200022, Rutgers University, Department of Economics.
3. Alexander, C.R. & Arlen, J. & Cohen, M.A., 2000. "Toward an Empirical Foundation for Federal Sentencing Practice: An Evaluation of Corporate Sentencing Data," Papers 00-12, U.S. Department of Justice - Antitrust Division.

1999

1. David C. Parsley & Shang-Jin Wei, 1999. "Border, Border, Wide and Far, How We Wonder What You Are," CID Working Papers 25, Center for International Development at Harvard University. [Downloadable!]
2. Parsley, David C. & Shang-Jin Wei, 1999. "Border, border, wide and far, how we wonder what you are," Policy Research Working Paper Series 2217, The World Bank. [Downloadable!]

1997

1. Crooke, P. & Froeb, L.M. & Tschantz, S. & Werden, G.J., 1997. "Effects of the Assumed Demand System on Simulated Postmerger Equilibrium," Papers 97-3, U.S. Department of Justice - Antitrust Division.
2. Froeb, L.M. & Werden, G.J., 1997. "A Robust test for Consumer Welfare Enhancing Mergers Among Sellers of a Homogeneous Product," Papers 97-1, U.S. Department of Justice - Antitrust Division.

1996

1. David C. Parsley & Shang-Jin Wei, 1996. "Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations," NBER Working Papers 5654, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Werden, G.J. & Froeb, L.M., 1996. "The Entry Including Effects of Horizontal Mergers," Papers 96-08, U.S. Department of Justice - Antitrust Division.
3. Alexander, C.R. & Cohen, M.A., 1996. "Why Do Corporations Become Criminals? An Agency Explanation," Papers 96-07, U.S. Department of Justice - Antitrust Division.
4. Alexander, C.R. & Cohen, M.A., 1996. "New Evidence on the Origins of Corporate Crime," Papers 96-05, U.S. Department of Justice - Antitrust Division.

1995

1. Shang-Jin Wei & David C. Parsley, 1995. "Purchasing Power Disparity During the Floating Rate Period: Exchange Rate Volatility, Trade Barriers and Other Culprits," NBER Working Papers 5032, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Werden, G.J. & G.J. & Froeb, L.M., 1995. "Simulation as an Alternative to Structural Merger Policy in Differentiated Products Industries," Papers 95-02, U.S. Department of Justice - Antitrust Division.

1994

1. David C. Parsley & Shang-Jin Wei, 1994. "Insignificant and Inconsequential Hysteresis: The Case of the U.S. Bilateral Trade," NBER Working Papers 4738, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Werden, G.J. & Froeb, L.M. & Tardiff, F.J., 1994. "The Use of the Logit Model in Applied Industrial Organization," Papers 94-1, U.S. Department of Justice - Antitrust Division.

1993

1. Froeb, L. & Werden, G.J. & Tardiff, T.J., 1993. "The Demsetz Postulate and the Effects of Mergers in Differentiated Products Industries," Papers 93-5, U.S. Department of Justice - Antitrust Division.
2. Werden, G.J. & Froeb, L.M., 1993. "The Effects of Mergers in Differentiated products Industries: Logit Demand and Structural Merger Policy," Papers 93-4, U.S. Department of Justice - Antitrust Division.
3. Werden, G.J. & Koyak, R.A. & Froeb, L.M., 1993. "What Is the Effect of Bid-Rigging on Prices," Papers 93-2, U.S. Department of Justice - Antitrust Division.

1992

1. Raskovich, A. & Froeb, L., 1992. "Has Competition Failed in the Credit Card Market?," Papers 92-7, U.S. Department of Justice - Antitrust Division.

1991

1. Froeb, L.M. & Werden, G.J., 1991. "Correlation, Causality, and all that Jazz: The Inherent Shortcomings of Price Tests for Antitrust Market Delineation," Papers 91-6, U.S. Department of Justice - Antitrust Division.

1990

1. Froeb, L.M. & Werden, G.J., 1990. "Market Delineation Under The Merger Guidelines: The Role Of Residual Demand Elasticities," Papers 90-3, U.S. Department of Justice - Antitrust Division.

1989

1. Dean Amel & Luke Froeb, 1989. "Do firms differ much?," Finance and Economics Discussion Series 87, Board of Governors of the Federal Reserve System (U.S.).

Undated

1. Sudipta Sarangi & Tibor Besedes & Cary Deck & Mikhael Shor, . "Age Effects and Heuristics in Decision Making," Departmental Working Papers 2009-03, Department of Economics, Louisiana State University. [Downloadable!]
2. Philip Crooke, Luke Froeb, & Steven Tschantz & Gregory J. Werden, . "Computing Post Merger Nash Equilibria: Local vs. Global Demand Properties," Computing in Economics and Finance 1997 127, Society for Computational Economics. [Downloadable!]
3. Hans R. Stoll, . "The Pricing of Underwritten Offerings and the Compensation of Underwriters (Revised)," Rodney L. White Center for Financial Research Working Papers 1-72, Wharton School Rodney L. White Center for Financial Research.
4. Hans R. Stoll, . "The Pricing of Underwritten Offerings and the Compensation of Underwriters (Revised)," Rodney L. White Center for Financial Research Working Papers 01-72, Wharton School Rodney L. White Center for Financial Research.
5. Hans R. Stoll, . "The Supply of Dealer Services in Securities Markets," Rodney L. White Center for Financial Research Working Papers 02-78, Wharton School Rodney L. White Center for Financial Research.
6. Alan Kraus & Hans R. Stoll, . "Price Impacts of Block Trading on the NYSE," Rodney L. White Center for Financial Research Working Papers 03-71, Wharton School Rodney L. White Center for Financial Research.
7. Hans R. Stoll, . "The Pricing of Security Dealer Services: An Empirical Study of NASDAQ Stocks," Rodney L. White Center for Financial Research Working Papers 13-77, Wharton School Rodney L. White Center for Financial Research.
8. Hans R. Stoll, . "Dealer Inventory Behavior: An Empirical Investigation of NASDAQ Stocks," Rodney L. White Center for Financial Research Working Papers 15-74, Wharton School Rodney L. White Center for Financial Research.
9. Hans R. Stoll, . "Discounts and Premiums on Shares of Diversified Closed-End Investment Funds," Rodney L. White Center for Financial Research Working Papers 11-73, Wharton School Rodney L. White Center for Financial Research.
10. Hans R. Stoll, . "Portfolio Diversification of NYSE Specialist Units," Rodney L. White Center for Financial Research Working Papers 03-78, Wharton School Rodney L. White Center for Financial Research.
11. Hans R. Stoll, . "The Supply of Dealer Services in Securities Markets," Rodney L. White Center for Financial Research Working Papers 2-78, Wharton School Rodney L. White Center for Financial Research.
12. Thomas Ho & Hans Stoll, . "On Dealer Markets Under Competition," Rodney L. White Center for Financial Research Working Papers 01-80, Wharton School Rodney L. White Center for Financial Research.
13. Alan Kraus & Hans R. Stoll, . "Price Impacts of Block Trading on the NYSE," Rodney L. White Center for Financial Research Working Papers 3-71, Wharton School Rodney L. White Center for Financial Research.
14. Aris Protopapadakis & Hans R. Stoll, . "Spot and Futures Prices and the Law of One Price," Rodney L. White Center for Financial Research Working Papers 17-82, Wharton School Rodney L. White Center for Financial Research.
15. Hans R. Stoll, . "Commodity Futures and Spot Price Determination and Hedging in Capital Market Equilibrium," Rodney L. White Center for Financial Research Working Papers 17-79, Wharton School Rodney L. White Center for Financial Research.
16. Thomas Ho & Hans Stoll, . "Optimal Dealer Pricing Under Transactions and Return Uncertainty," Rodney L. White Center for Financial Research Working Papers 27-79, Wharton School Rodney L. White Center for Financial Research.
17. Hans R. Stoll, . "Portfolio Diversification of NYSE Specialist Units," Rodney L. White Center for Financial Research Working Papers 3-78, Wharton School Rodney L. White Center for Financial Research.
18. Thomas Ho & Hans Stoll, . "On Dealer Markets Under Competition," Rodney L. White Center for Financial Research Working Papers 1-80, Wharton School Rodney L. White Center for Financial Research.

Journal articles

2009

1. Faccio, Mara & Parsley, David C., 2009. "Sudden Deaths: Taking Stock of Geographic Ties," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 44(03), pages 683-718, June. [Downloadable!]
2. Ovtchinnikov, Alexei V. & McConnell, John J., 2009. "Capital Market Imperfections and the Sensitivity of Investment to Stock Prices," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 44(03), pages 551-578, June. [Downloadable!]

2008

1. Parsley, David & Wei, Shang-Jin, 2008. "In search of a euro effect: Big lessons from a Big Mac Meal?," Journal of International Money and Finance, Elsevier, vol. 27(2), pages 260-276, March. [Downloadable!] (restricted)
2. Vlad Mares & Mikhael Shor, 2008. "Industry concentration in common value auctions: theory and evidence," Economic Theory, Springer, vol. 35(1), pages 37-56, April. [Downloadable!] (restricted)
3. Amit Gandhi & Luke Froeb & Steven Tschantz & Gregory J. Werden, 2008. "POST-MERGER PRODUCT REPOSITIONING -super-* ," Journal of Industrial Economics, Blackwell Publishing, vol. 56(1), pages 49-67, 03. [Downloadable!] (restricted)
4. Mark A. Cohen, 2008. "The Effect of Crime on Life Satisfaction," Journal of Legal Studies, University of Chicago Press, vol. 37(S2), pages S325-S353, 06. [Downloadable!] (restricted)
5. Pool, Veronika Krepely & Stoll, Hans R. & Whaley, Robert E., 2008. "Failure to exercise call options: An anomaly and a trading game," Journal of Financial Markets, Elsevier, vol. 11(1), pages 1-35, February. [Downloadable!] (restricted)

2007

1. David C. Parsley & Christian Schlag, 2007. "Measuring Financial Integration via Idiosyncratic Risk: What Effects Are We Really Picking Up?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(5), pages 1267-1273, 08. [Downloadable!] (restricted)
2. DavidC. Parsley & Shang-Jin Wei, 2007. "A Prism into the PPP Puzzles: The Micro-Foundations of Big Mac Real Exchange Rates," Economic Journal, Royal Economic Society, vol. 117(523), pages 1336-1356, October. [Downloadable!] (restricted)
3. Parsley, David C., 2007. "Accounting for real exchange rate changes in East Asia," Journal of International Money and Finance, Elsevier, vol. 26(8), pages 1355-1377, December. [Downloadable!] (restricted)
4. Mark Cohen & V. Santhakumar, 2007. "Information Disclosure as Environmental Regulation: A Theoretical Analysis," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 37(3), pages 599-620, July. [Downloadable!] (restricted)

2006

1. Parsley, David C. & Popper, Helen A., 2006. "Exchange rate pegs and foreign exchange exposure in East and South East Asia," Journal of International Money and Finance, Elsevier, vol. 25(6), pages 992-1009, October. [Downloadable!] (restricted)
2. Shor, Mikhael & Oliver, Richard L., 2006. "Price discrimination through online couponing: Impact on likelihood of purchase and profitability," Journal of Economic Psychology, Elsevier, vol. 27(3), pages 423-440, June. [Downloadable!] (restricted)
3. Bin Xie & David M. Dilts & Mikhael Shor, 2006. "The physician-patient relationship: the impact of patient-obtained medical information," Health Economics, John Wiley & Sons, Ltd., vol. 15(8), pages 813-833. [Downloadable!]
4. Abrantes-Metz, Rosa M. & Froeb, Luke M. & Geweke, John & Taylor, Christopher T., 2006. "A variance screen for collusion," International Journal of Industrial Organization, Elsevier, vol. 24(3), pages 467-486, May. [Downloadable!] (restricted)
5. Hans R. Stoll, 2006. "Electronic Trading in Stock Markets," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 153-174, Winter. [Downloadable!] (restricted)
6. Stoll, Hans R. & Schenzler, Christoph, 2006. "Trades outside the quotes: Reporting delay, trading option, or trade size?," Journal of Financial Economics, Elsevier, vol. 79(3), pages 615-653, March. [Downloadable!] (restricted)
7. Cooper, Michael J. & McConnell, John J. & Ovtchinnikov, Alexei V., 2006. "The other January effect," Journal of Financial Economics, Elsevier, vol. 82(2), pages 315-341, November. [Downloadable!] (restricted)

2005

1. Gande, Amar & Parsley, David C., 2005. "News spillovers in the sovereign debt market," Journal of Financial Economics, Elsevier, vol. 75(3), pages 691-734, March. [Downloadable!] (restricted)
2. Luke Froeb & James Cooper & Mark Frankena & Paul Pautler & Louis Silvia, 2005. "Economics at the FTC: Cases and Research, with a Focus on Petroleum," Review of Industrial Organization, Springer, vol. 27(3), pages 223-252, November. [Downloadable!] (restricted)
3. Cooper, James C. & Froeb, Luke M. & O'Brien, Dan & Vita, Michael G., 2005. "Vertical antitrust policy as a problem of inference," International Journal of Industrial Organization, Elsevier, vol. 23(7-8), pages 639-664, September. [Downloadable!] (restricted)
4. Froeb, Luke & Tschantz, Steven & Werden, Gregory J., 2005. "Pass-through rates and the price effects of mergers," International Journal of Industrial Organization, Elsevier, vol. 23(9-10), pages 703-715, December. [Downloadable!] (restricted)
5. Schlag, Christian & Stoll, Hans, 2005. "Price impacts of options volume," Journal of Financial Markets, Elsevier, vol. 8(1), pages 69-87, February. [Downloadable!] (restricted)

2004

1. David C. Parsley, 2004. "Pricing in International Markets: a "Small-country" Benchmark," Review of International Economics, Blackwell Publishing, vol. 12(3), pages 509-524, 08. [Downloadable!] (restricted)
2. David C. Parsley & Helen A. Popper, 2004. "Aggregate Price Changes and Dispersion: A Comparison of the Equity and Goods and Services Markets," The B.E. Journal of Macroeconomics, Berkeley Electronic Press, vol. 0(1). [Downloadable!]
3. Friedman, Eric & Shor, Mikhael & Shenker, Scott & Sopher, Barry, 2004. "An experiment on learning with limited information: nonconvergence, experimentation cascades, and the advantage of being slow," Games and Economic Behavior, Elsevier, vol. 47(2), pages 325-352, May. [Downloadable!] (restricted)
4. Luke Froeb & Daniel Hosken & Janis Pappalardo, 2004. "Economics Research at the FTC: Information, Retrospectives, and Retailing," Review of Industrial Organization, Springer, vol. 25(4), pages 353-374, October. [Downloadable!] (restricted)
5. Timothy R. Burch & William G. Christie & Vikram Nanda, 2004. "Do Firms Time Equity Offerings? Evidence from the 1930s and 1940s," Financial Management, Financial Management Association, vol. 33(1), Spring.

2003

1. David C. Parsley, 2003. "Exchange rate pass-through in a small open economy: Panel evidence from Hong Kong," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 8(2), pages 99-107. [Downloadable!]
2. Mikhael Shor, 2003. "Game Theory .net," Journal of Economic Education, Helen Dwight Reid Foundation, vol. 34(4), pages 388-389. [Downloadable!]
3. Froeb, Luke & Tschantz, Steven & Crooke, Philip, 2003. "Bertrand competition with capacity constraints: mergers among parking lots," Journal of Econometrics, Elsevier, vol. 113(1), pages 49-67, March. [Downloadable!] (restricted)
4. Cohen, Mark A. & Miller, Ted R., 2003. ""Willingness to award" nonmonetary damages and the implied value of life from jury awards," International Review of Law and Economics, Elsevier, vol. 23(2), pages 165-181, June. [Downloadable!] (restricted)
5. Brunnermeier, Smita B. & Cohen, Mark A., 2003. "Determinants of environmental innovation in US manufacturing industries," Journal of Environmental Economics and Management, Elsevier, vol. 45(2), pages 278-293, March. [Downloadable!] (restricted)
6. Diane K. Denis & John J. McConnell & Alexei V. Ovtchinnikov & Yun Yu, 2003. "S&P 500 Index Additions and Earnings Expectations," Journal of Finance, American Finance Association, vol. 58(5), pages 1821-1840, October. [Downloadable!] (restricted)

2002

1. William G. Christie & Shane A. Corwin & Jeffrey H. Harris, 2002. "Nasdaq Trading Halts: The Impact of Market Mechanisms on Prices, Trading Activity, and Execution Costs," Journal of Finance, American Finance Association, vol. 57(3), pages 1443-1478, 06. [Downloadable!] (restricted)
2. Hans R. Stoll, 2002. "Regulation Of Financial Markets: Toward A Focused Approach," Journal of Applied Corporate Finance, Morgan Stanley, vol. 14(4), pages 122-128. [Downloadable!] (restricted)

2001

1. Parsley, David C. & Wei, Shang-Jin, 2001. "Explaining the border effect: the role of exchange rate variability, shipping costs, and geography," Journal of International Economics, Elsevier, vol. 55(1), pages 87-105, October. [Downloadable!] (restricted)
2. Parsley, David C & Popper, Helen A, 2001. "Official Exchange Rate Arrangements and Real Exchange Rate Behavior," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(4), pages 976-93, November.
3. Froeb, Luke M. & Kobayashi, Bruce H., 2001. "Evidence production in adversarial vs. inquisitorial regimes," Economics Letters, Elsevier, vol. 70(2), pages 267-272, February. [Downloadable!] (restricted)
4. Shameek Konar & Mark A. Cohen, 2001. "Does The Market Value Environmental Performance?," The Review of Economics and Statistics, MIT Press, vol. 83(2), pages 281-289, May. [Downloadable!] (restricted)
5. Huang, Roger D. & Stoll, Hans R., 2001. "Exchange rates and firms' liquidity: evidence from ADRs," Journal of International Money and Finance, Elsevier, vol. 20(3), pages 297-325, June. [Downloadable!] (restricted)
6. Huang, Roger D. & Stoll, Hans R., 2001. "Tick Size, Bid-Ask Spreads, and Market Structure," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 36(04), pages 503-522, December. [Downloadable!]

2000

1. Lance Brannman & Luke M. Froeb, 2000. "Mergers, Cartels, Set-Asides, and Bidding Preferences in Asymmetric Oral Auctions," The Review of Economics and Statistics, MIT Press, vol. 82(2), pages 283-290, May. [Downloadable!] (restricted)
2. Luke M. Froeb, Gregory J. Werden, 2000. "An Introduction to the Symposium on the Use of Simulation in Applied Industrial Organization," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 7(2), pages 133-137, July. [Downloadable!] (restricted)
3. Steven Tschantz, Philip Crooke, Luke Froeb, 2000. "Mergers in Sealed versus Oral Auctions," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 7(2), pages 201-212, July. [Downloadable!] (restricted)
4. Gregory J. Werden, Luke M. Froeb, James Langenfeld, 2000. "Lost Profits from Patent Infringement: The Simulation Approach," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 7(2), pages 213-227, July. [Downloadable!] (restricted)
5. Luke Froeb, 2000. "Modern competitive analysis, 3rd edn, by Oster, SM. New York: Oxford University Press, 1999, x+434 pp., $54 (cloth)," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 21(5), pages 209-210. [Downloadable!]
6. Hans R. Stoll, 2000. "Presidential Address: Friction," Journal of Finance, American Finance Association, vol. 55(4), pages 1479-1514, 08. [Downloadable!] (restricted)

1999

1. Philip Crooke & Luke Froeb & Steven Tschantz & Gregory Werden, 1999. "Effects of Assumed Demand Form on Simulated Postmerger Equilibria," Review of Industrial Organization, Springer, vol. 15(3), pages 205-217, November. [Downloadable!] (restricted)
2. Christie, William G. & Schultz, Paul H., 1999. "The initiation and withdrawal of odd-eighth quotes among Nasdaq stocks: an empirical analysis," Journal of Financial Economics, Elsevier, vol. 52(3), pages 409-442, June. [Downloadable!] (restricted)
3. Michael J. Barclay & William G. Christie & Jeffrey H. Harris & Eugene Kandel & Paul H. Schultz, 1999. "Effects of Market Reform on the Trading Costs and Depths of Nasdaq Stocks," Journal of Finance, American Finance Association, vol. 54(1), pages 1-34, 02. [Downloadable!] (restricted)
4. Alexander, Cindy R & Arlen, Jennifer & Cohen, Mark A, 1999. "Regulating Corporate Criminal Sanctions: Federal Guidelines and the Sentencing of Public Firms," Journal of Law & Economics, University of Chicago Press, vol. 42(1), pages 393-422, April.
5. Alexander, Cindy R. & Cohen, Mark A., 1999. "Why do corporations become criminals? Ownership, hidden actions, and crime as an agency cost," Journal of Corporate Finance, Elsevier, vol. 5(1), pages 1-34, March. [Downloadable!] (restricted)

1998

1. Froeb, Luke M. & Werden, Gregory J., 1998. "A robust test for consumer welfare enhancing mergers among sellers of a homogeneous product," Economics Letters, Elsevier, vol. 58(3), pages 367-369, March. [Downloadable!] (restricted)
2. Werden, Gregory J & Froeb, Luke M, 1998. "The Entry-Inducing Effects of Horizontal Mergers: An Exploratory Analysis," Journal of Industrial Economics, Blackwell Publishing, vol. 46(4), pages 525-43, December. [Downloadable!] (restricted)
3. Bartley, William Alan & Cohen, Mark A, 1998. "The Effect of Concealed Weapons Laws: An Extreme Bound Analysis," Economic Inquiry, Oxford University Press, vol. 36(2), pages 258-65, April.
4. Hans Stoll, 1998. "Special Issue: Ten Years Since the Crash of 1987," Journal of Financial Services Research, Springer, vol. 13(3), pages 183-186, June. [Downloadable!] (restricted)

1997

1. Konar, Shameek & Cohen, Mark A., 1997. "Information As Regulation: The Effect of Community Right to Know Laws on Toxic Emissions," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 109-124, January. [Downloadable!] (restricted)
2. Mark A. Cohen, 1997. "Firm response to environmental regulation and environmental pressures," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 18(6), pages 417-420.
3. Myeong-Hyeon Cho & Mark A. Cohen, 1997. "The economic causes and consequences of corporate divestiture," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 18(5), pages 367-374.
4. Huang, Roger D & Stoll, Hans R, 1997. "The Components of the Bid-Ask Spread: A General Approach," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 10(4), pages 995-1034.

1996

1. Parsley, David C, 1996. "Inflation and Relative Price Variability in the Short and Long Run: New Evidence from the United States," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 28(3), pages 323-41, August. [Downloadable!] (restricted)
2. Parsley, David C & Wei, Shang-Jin, 1996. "Convergence to the Law of One Price without Trade Barriers or Currency Fluctuations," The Quarterly Journal of Economics, MIT Press, vol. 111(4), pages 1211-36, November. [Downloadable!] (restricted)
3. Froeb, Luke M & Kobayashi, Bruce H, 1996. "Naive, Biased, Yet Bayesian: Can Juries Interpret Selectively Produced Evidence?," Journal of Law, Economics and Organization, Oxford University Press, vol. 12(1), pages 257-76, April.
4. Huang, Roger D. & Stoll, Hans R., 1996. "Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE," Journal of Financial Economics, Elsevier, vol. 41(3), pages 313-357, July. [Downloadable!] (restricted)

1995

1. Parsley, David C, 1995. "Exchange-Rate Pass-through with Intertemporal Linkages: Evidence at the Commodity Level," Review of International Economics, Blackwell Publishing, vol. 3(3), pages 330-41, October.
2. Parsley, David C., 1995. "Anticipated future shocks and exchange rate pass-through in the presence of reputation," International Review of Economics & Finance, Elsevier, vol. 4(2), pages 99-103. [Downloadable!] (restricted)
3. David C. Parsley & Ziyong Cai, 1995. "Exchange Rate Uncertainty And Traded Goods Prices," International Economic Journal, Korean International Economic Association, vol. 9(2), pages 27-35, June. [Downloadable!] (restricted)
4. Chan, K C & Christie, William G & Schultz, Paul H, 1995. "Market Structure and the Intraday Pattern of Bid-Ask Spreads for NASDAQ Securities," Journal of Business, University of Chicago Press, vol. 68(1), pages 35-60, January. [Downloadable!] (restricted)
5. Christie, William G & Schultz, Paul H, 1995. "Policy Watch: Did Nasdaq Market Makers Implicitly Collude?," Journal of Economic Perspectives, American Economic Association, vol. 9(3), pages 199-208, Summer. [Downloadable!] (restricted)

1994

1. Werden, Gregory J & Froeb, Luke M, 1994. "The Effects of Mergers in Differentiated Products Industries: Logit Demand and Merger Policy," Journal of Law, Economics and Organization, Oxford University Press, vol. 10(2), pages 407-26, October.
2. Froeb, Luke & Koyak, Robert, 1994. "Measuring and comparing smoothness in time series the production smoothing hypothesis," Journal of Econometrics, Elsevier, vol. 64(1-2), pages 97-122. [Downloadable!] (restricted)
3. Christie, W. G. & Huang, R. D., 1994. "The changing functional relation between stock returns and dividend yields," Journal of Empirical Finance, Elsevier, vol. 1(2), pages 161-191, January. [Downloadable!] (restricted)
4. Christie, William G & Schultz, Paul H, 1994. " Why Do NASDAQ Market Makers Avoid Odd-Eighth Quotes?," Journal of Finance, American Finance Association, vol. 49(5), pages 1813-40, December. [Downloadable!] (restricted)
5. Christie William G. & Huang Roger D., 1994. "Market Structures and Liquidity: A Transactions Data Study of Exchange Listings," Journal of Financial Intermediation, Elsevier, vol. 3(3), pages 300-326, June. [Downloadable!] (restricted)
6. Christie, William G & Harris, Jeffrey H & Schultz, Paul H, 1994. " Why Did NASDAQ Market Makers Stop Avoiding Odd-Eighth Quotes?," Journal of Finance, American Finance Association, vol. 49(5), pages 1841-60, December. [Downloadable!] (restricted)
7. Christie, William G & Nanda, Vikram, 1994. " Free Cash Flow, Shareholder Value, and the Undistributed Profits Tax of 1936 and 1937," Journal of Finance, American Finance Association, vol. 49(5), pages 1727-54, December. [Downloadable!] (restricted)
8. Huang, Roger D & Stoll, Hans R, 1994. "Market Microstructure and Stock Return Predictions," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 7(1), pages 179-213. [Downloadable!] (restricted)

1993

1. Parsley, David C & Wei, Shang-Jin, 1993. "Insignificant and Inconsequential Hysteresis: The Case of U.S. Bilateral Trade," The Review of Economics and Statistics, MIT Press, vol. 75(4), pages 606-13, November. [Downloadable!] (restricted)
2. Froeb, Luke M. & Koyak, Robert A. & Werden, Gregory J., 1993. "What is the effect of bid-rigging on prices?," Economics Letters, Elsevier, vol. 42(4), pages 419-423. [Downloadable!] (restricted)
3. Evans, William N & Froeb, Luke M & Werden, Gregory J, 1993. "Endogeneity in the Concentration-Price Relationship: Causes, Consequences, and Cures," Journal of Industrial Economics, Blackwell Publishing, vol. 41(4), pages 431-38, December. [Downloadable!] (restricted)
4. Froeb, Luke, 1993. "The adverse selection of cases for trial," International Review of Law and Economics, Elsevier, vol. 13(3), pages 317-324, September. [Downloadable!] (restricted)
5. Merton Miller & Charles Cox & Ronald Gilson & Gregg Jarrell & Hans Stoll, 1993. "The New Disclosures Of Executive Pay," Journal of Applied Corporate Finance, Morgan Stanley, vol. 5(4), pages 62-75. [Downloadable!] (restricted)
6. Hans R. Stoll, 1993. "Organization Of The Stock Market: Competition Or Fragmentation?," Journal of Applied Corporate Finance, Morgan Stanley, vol. 5(4), pages 89-93. [Downloadable!] (restricted)

1992

1. Paul H. Rubin & Mark A. Cohen, 1992. "Politically Imposed Entry Barriers," Eastern Economic Journal, Eastern Economic Association, vol. 18(3), pages 333-344, Summer. [Downloadable!]
2. Cohen, Mark A., 1992. "The motives of judges: Empirical evidence from antitrust sentencing," International Review of Law and Economics, Elsevier, vol. 12(1), pages 13-30, March. [Downloadable!] (restricted)

1991

1. Amel, Dean & Froeb, Luke, 1991. "Do Firms Differ Much?," Journal of Industrial Economics, Blackwell Publishing, vol. 39(3), pages 323-31, March. [Downloadable!] (restricted)
2. Cohen, Mark A, 1991. "Explaining Judicial Behavior or What's "Unconstitutional" about the Sentencing Commission?," Journal of Law, Economics and Organization, Oxford University Press, vol. 7(1), pages 183-99, Spring.

1990

1. Christie, William G., 1990. "Dividend yield and expected returns *1: The zero-dividend puzzle," Journal of Financial Economics, Elsevier, vol. 28(1-2), pages 95-125. [Downloadable!] (restricted)
2. Stoll, Hans R & Whaley, Robert E, 1990. "Stock Market Structure and Volatility," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 3(1), pages 37-71. [Downloadable!] (restricted)
3. Stoll, Hans R & Whaley, Robert E, 1990. "Program Trading and Individual Stock Returns: Ingredients of the Triple-Witching Brew," Journal of Business, University of Chicago Press, vol. 63(1), pages S165-92, January. [Downloadable!] (restricted)
4. Stoll, Hans R. & Whaley, Robert E., 1990. "The Dynamics of Stock Index and Stock Index Futures Returns," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 25(04), pages 441-468, December. [Downloadable!]

1989

1. Mark A. Cohen, 1989. "The Role Of Criminal Sanctions In Antitrust Enforcement," Contemporary Economic Policy, Western Economic Association International, vol. 7(4), pages 36-46, October. [Downloadable!] (restricted)
2. Haller, Andreas & Stoll, Hans R., 1989. "Market structure and transaction costs: Implied spreads in the German stock market," Journal of Banking & Finance, Elsevier, vol. 13(4-5), pages 697-708, September. [Downloadable!] (restricted)
3. Stoll, Hans R, 1989. " Inferring the Components of the Bid-Ask Spread: Theory and Empirical Tests," Journal of Finance, American Finance Association, vol. 44(1), pages 115-34, March. [Downloadable!] (restricted)

1987

1. Froeb, Luke & Geweke, John, 1987. "Long run competition in the U.S. aluminum industry," International Journal of Industrial Organization, Elsevier, vol. 5(1), pages 67-78, March. [Downloadable!] (restricted)
2. Cohen, Mark A, 1987. "Optimal Enforcement Strategy to Prevent Oil Spills: An Application of a Principal-Agent Model with Moral Hazard," Journal of Law & Economics, University of Chicago Press, vol. 30(1), pages 23-51, April.

1986

1. Cohen, Mark A., 1986. "The costs and benefits of oil spill prevention and enforcement," Journal of Environmental Economics and Management, Elsevier, vol. 13(2), pages 167-188, June. [Downloadable!] (restricted)
2. A. Protopapadakis, Aris & R. Stoll, Hans, 1986. "The Law of One Price in international commodity markets: A reformulation and some formal tests," Journal of International Money and Finance, Elsevier, vol. 5(3), pages 335-360, September. [Downloadable!] (restricted)

1983

1. Ho, Thomas S Y & Stoll, Hans R, 1983. " The Dynamics of Dealer Markets under Competition," Journal of Finance, American Finance Association, vol. 38(4), pages 1053-74, September. [Downloadable!] (restricted)
2. Protopapadakis, Aris & Stoll, Hans R, 1983. " Spot and Futures Prices and the Law of One Price," Journal of Finance, American Finance Association, vol. 38(5), pages 1431-55, December. [Downloadable!] (restricted)
3. Stoll, Hans R. & Whaley, Robert E., 1983. "Transaction costs and the small firm effect," Journal of Financial Economics, Elsevier, vol. 12(1), pages 57-79, June. [Downloadable!] (restricted)

1982

1. Kenneth Bernauer & David Parsley, 1982. "Japan's trade surplus," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue Sep 24. [Downloadable!]
2. Stoll, Hans R., 1982. "Comments `An analysis of the economic justificiation for consolidation in a secondary security market' by Kalman J. Cohen et al," Journal of Banking & Finance, Elsevier, vol. 6(1), pages 137-140, March. [Downloadable!] (restricted)

1981

1. Ho, Thomas & Stoll, Hans R., 1981. "Optimal dealer pricing under transactions and return uncertainty," Journal of Financial Economics, Elsevier, vol. 9(1), pages 47-73, March. [Downloadable!] (restricted)

1980

1. Ho, Thomas & Stoll, Hans R, 1980. " On Dealer Markets under Competition," Journal of Finance, American Finance Association, vol. 35(2), pages 259-67, May. [Downloadable!] (restricted)

1979

1. Stoll, Hans R., 1979. "Commodity Futures and Spot Price Determination and Hedging in Capital Market Equilibrium," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 14(04), pages 873-894, November. [Downloadable!]

1978

1. Stoll, Hans R, 1978. "The Supply of Dealer Services in Securities Markets," Journal of Finance, American Finance Association, vol. 33(4), pages 1133-51, September. [Downloadable!] (restricted)
2. Stoll, Hans R, 1978. "The Pricing of Security Dealer Services: An Empirical Study of NASDAQ Stocks," Journal of Finance, American Finance Association, vol. 33(4), pages 1153-72, September. [Downloadable!] (restricted)

1973

1. Stoll, Hans R, 1973. "The Relationship Between Put and Call Option Prices: Reply," Journal of Finance, American Finance Association, vol. 28(1), pages 185-87, March. [Downloadable!] (restricted)

1972

1. Stoll, Hans R, 1972. "Causes of Deviation from Interest-Rate Parity: A Comment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 4(1), pages 113-17, Part I Fe. [Downloadable!] (restricted)
2. Kraus, Alan & Stoll, Hans R, 1972. "Price Impacts of Block Trading on the New York Stock Exchange," Journal of Finance, American Finance Association, vol. 27(3), pages 569-88, June. [Downloadable!] (restricted)

1969

1. Stoll, Hans R, 1969. "The Relationship between Put and Call Option Prices," Journal of Finance, American Finance Association, vol. 24(5), pages 801-24, December. [Downloadable!] (restricted)

1968

1. Hans R. Stoll, 1968. "An Empirical Study of the Forward Exchange Market under Fixed and Flexible Exchange Rate Systems," Canadian Journal of Economics, Canadian Economics Association, vol. 1(1), pages 55-78, February. [Downloadable!] (restricted)

Chapters

2003

1. Stoll, Hans R., 2003. "Market microstructure," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 9, pages 553-604 Elsevier. [Downloadable!] (restricted)

1975

1. Seymour Smidt & Richard R. West & Hans R. Stoll, 1975. "Postscripts by Academic Participants," NBER Chapters, in: Explorations in Economic Research, Volume 2, number 3 (Regional Stock Exchanges in a Central Market System), pages 153-172 National Bureau of Economic Research, Inc. [Downloadable!]

This page was last updated on 2009-12-2.