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Top Institutions and Economists in the Field of Market Microstructure, as of April 2026

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This page is part of a larger set of rankings for research items, serials, authors and institutions made available on this site. A FAQ is available.

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  • The scores of institutions in each field are determined by a weighted sum of all scores of authors affiliated with the respective institutions, where the authors have provided weights ("shares") if they have multiple affiliations. The weights are determined, for each author, by the proportion of all working papers announced in NEP that have also been announced in this NEP report.
  • To be classified, an author needs to have five or more working papers announced in the NEP report for this field. For authors whose first paper is less that 10 years old, having 25% of the papers in the NEP report is sufficient.
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  • A series of rankings by different criteria are aggregated. The average rank score is determined by taking a harmonic mean of the ranks in each criterion. For a list of criteria, see the general ranking page.
  • Authors who are deceased or whose email address with RePEc is invalid are not counted, the latter under the assumption that they have moved or have died
  • For institutions: Authors who are deceased or whose email address with RePEc is invalid are not counted, the latter under the assumption that they have moved or have died
  • There are 9298 institutions with 73371 registered authors evaluated for all the rankings
  • For Market Microstructure, these are 249 institutions and 232 authors.

The data presented here are experimental. They are based on a sample of the research output in Economics and Finance. Only material catalogued in RePEc is considered. For any citation based criterion, only works that could be parsed by the CitEc project are considered. For any ranking of people, only those registered with the RePEc Author Service can be taken into account. And for rankings of institutions, only those listed in EDIRC and claimed as affiliation by the respective, registered authors can be measured. Thus, this list is by no means based on a complete sample. You can help making this more comprehensive by encouraging more publications to be listed (instructions) and more authors to register (form). For more details on the various rankings that are available as well for documentation, follow this link.

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InstitutionsShort Details Short Details Short Details Short Details All yearsLast 10 More
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Top Institutions

Rank Institution Score Authors Author
Shares
1Duke University → Department of Economics, Durham, North Carolina (United States)130.92
2HEC Paris (École des Hautes Études Commerciales), Jouy-en-Josas, France2.4141.14
3Northwestern University → Kellogg Graduate School of Management, Evanston, Illinois (United States)2.7320.39
-HEC Paris (École des Hautes Études Commerciales) → Départment Économie et Sciences de la Décision, Jouy-en-Josas, France3.4230.89
-Northwestern University → Kellogg Graduate School of Management → Department of Finance, Evanston, Illinois (United States)3.7720.39
4Federal Reserve Bank of New York, New York City, New York (United States)4.6882.36
5National Bureau of Economic Research (NBER), Cambridge, Massachusetts (United States)5.0460.59
6Aarhus Universitet → Institut for Økonomi, Aarhus, Denmark5.0871.96
-Aarhus Universitet → Institut for Økonomi → Center for Research in Econometric Analysis of Time Series (CREATES), Aarhus, Denmark6.4971.66
7Stanford University → Graduate School of Business, Stanford, California (United States)7.9810.13
8Universidad de Navarra → IESE Business School, Barcelona, Spain9.1210.19
9Washington University in St. Louis → Olin School of Business, St. Louis, Missouri (United States)9.3210.22
10University of Cambridge → Faculty of Economics, Cambridge, United Kingdom9.7521.07
11Princeton University → Department of Economics, Princeton, New Jersey (United States)10.8810.27
-Princeton University → Department of Economics → Bendheim Center for Finance, Princeton, New Jersey (United States)10.8810.27
12Copenhagen Business School, København, Denmark11.1520.16
13Universität Wien → Fakultät für Wirtschaftswissenschaften, Wien, Austria11.3520.67
14Harvard University → Department of Economics, Cambridge, Massachusetts (United States)11.4210.18
-Copenhagen Business School → Institut for Finansiering, København, Denmark12.2220.16
-Universität Wien → Fakultät für Wirtschaftswissenschaften → Department of Statistics and Operations Research, Wien, Austria14.3910.52
15Università Ca' Foscari Venezia → Dipartimento di Economia, Venezia, Italy15.0261.24
16New York University (NYU) → Department of Economics, New York City, New York (United States)16.3720.44
-Federal Reserve Bank of New York → Research and Statistics Group, New York City, New York (United States)16.4330.46
17University of Pennsylvania → Department of Economics, Philadelphia, Pennsylvania (United States)17.6030.58
18University of North Carolina-Chapel-Hill → Department of Economics, Chapel Hill, North Carolina (United States)19.0310.19
19Massachusetts Institute of Technology (MIT) → Sloan School of Management, Cambridge, Massachusetts (United States)19.7720.36
20Georgetown University → Economics Department, Washington, District of Columbia (United States)20.4410.20
21International Monetary Fund (IMF), Washington, District of Columbia (United States)20.7020.27
22City St George's → Bayes Business School, London, United Kingdom21.8431.53
23University of California-Irvine → Department of Economics, Irvine, California (United States)22.8610.23
24Swiss Finance Institute, Genève/Zürich, Switzerland23.0030.39

Top Authors

Rank Author Score
1Tim Bollerslev
Duke University → Department of Economics, Durham, North Carolina (United States)
1.76
2George Tauchen
Duke University → Department of Economics, Durham, North Carolina (United States)
2.99
3Torben G. Andersen
National Bureau of Economic Research (NBER), Cambridge, Massachusetts (United States)
4.04
4Xavier Vives
Universidad de Navarra → IESE Business School, Barcelona, Spain
4.76
5Thierry Foucault
HEC Paris (École des Hautes Études Commerciales) → Départment Économie et Sciences de la Décision, Jouy-en-Josas, France
6.79
6Lasse Heje Pedersen
Copenhagen Business School → Institut for Finansiering, København, Denmark
7.63
7Michael J. Fleming
Federal Reserve Bank of New York, New York City, New York (United States)
Federal Reserve Bank of New York → Research and Statistics Group, New York City, New York (United States)
8.15
8Ravi Jagannathan
Northwestern University → Kellogg Graduate School of Management → Department of Finance, Evanston, Illinois (United States)
8.51
9Mark P. Taylor
Washington University in St. Louis → Olin School of Business, St. Louis, Missouri (United States)
8.56
10Darrell Duffie
Stanford University → Graduate School of Business, Stanford, California (United States)
9.91
11Oliver Bruce Linton
University of Cambridge → Faculty of Economics, Cambridge, United Kingdom
9.95
12Yacine Ait-Sahalia
Princeton University → Department of Economics → Bendheim Center for Finance, Princeton, New Jersey (United States)
11.62
13Nikolaus Hautsch
Universität Wien → Fakultät für Wirtschaftswissenschaften → Department of Statistics and Operations Research, Wien, Austria
12.30
14Takatoshi Ito13.46
15Neil Shephard
Harvard University → Department of Economics, Cambridge, Massachusetts (United States)
13.94
16Bruno R Biais
HEC Paris (École des Hautes Études Commerciales) → Départment Économie et Sciences de la Décision, Jouy-en-Josas, France
17.03
17Fulvio Corsi
Università Ca' Foscari Venezia → Dipartimento di Economia, Venezia, Italy
17.50
18Haoxiang Zhu
Massachusetts Institute of Technology (MIT) → Sloan School of Management, Cambridge, Massachusetts (United States)
National Bureau of Economic Research (NBER), Cambridge, Massachusetts (United States)
21.13
19Peter Hansen
University of North Carolina-Chapel-Hill → Department of Economics, Chapel Hill, North Carolina (United States)
21.52
20Ricardo Lagos
New York University (NYU) → Department of Economics, New York City, New York (United States)
23.65
21Asger Lunde
Aarhus Universitet → Institut for Økonomi → Center for Research in Econometric Analysis of Time Series (CREATES), Aarhus, Denmark
23.73
22Albert J. Menkveld24.62
23Angelo Ranaldo
Swiss Finance Institute, Genève/Zürich, Switzerland
Universität Basel → Wirtschaftswissenschaftliches Zentrum, Basel, Switzerland
25.22
Credits:
We do our best, but we cannot exclude errors.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.