Research

“Philosophy is a battle against the bewitchment of our intelligence by means of language,” L. Wittgenstein.

Research Papers Under Review:

1. Valuing Pharmaceutical Drug Innovations.

With Federico Ciliberto, Leland Farmer, and Ekaterina A. Khmelnitskaya

(arXiv) (SSRN) Revise and Resubmit at the Journal of the European Economic Association

2. Identification and Estimation of Multidimensional Screening.

(With Federico Zincenko)

(arXiv) (SSRN)

3.Security Issuance, Institutional Investors, and Quid Pro Quo

(with Zhaohui Chen, Yuchi Yao, and Chris Yung)

(arXiv) (SSRN)

4.Bundling Demand in K-12 Broadband Procurement

(PR Newswire)

Accepted and abstract to appear at EC'24

(arXiv) (SSRN)

5.Desirable Rankings: A New Method of Ranking Outcomes of a Competitive Process

(with Thayer Morrill and Peter Troyan)

(arXiv) (SSRN)

Working Papers :

1. Auctioning Annuities.

(with Eduardo Fajnzylber and Maria F. Gabrielli and Manuel Willington)

(arXiv) (SSRN)

2. Who Issues What and Why? Mapping Financial (Mis)Allocation

(with Eduardo Fajnzylber and Maria F. Gabrielli and Manuel Willington)

3.Auctionong Exclusive Right to Sell Drugs.

(with Chieh-Husan Hu and Jiafeng Wu)

4.Bridging Retrospective and Prospective Merger Analyses: The Case of US Airline Mergers

(with Anirban Chattopadhaya and Federico Ciliberto)

Published Papers:

1.Econometrics of Insurance with Multidimensional Types.

(with Isabelle Perrigne, Quang Vuong, and Haiqing Xu) (Replication Package) forthcoming Quantitative Economics

(arXiv) (SSRN)

2.Common Subcontracting and Airline Prices.

(with Dennis J. Campbell, Federico Ciliberto, and Ekaterina Khmelnitskaya) forthcoming Review of Economics and Statistics

(arXiv) (SSRN) (Replication Package)

3.Empirical Framework for Cournot Oligopoly with Private Information.

((with Federico Zincenko)RAND Journal of Economics

(arXiv) (SSRN) (Journal)

4.Price Discrimination in International Airline Markets.

(with Charles Murry and Jonathan Williams) Review of Economics Studies

(arXiv) (SSRN) (Journal)

5.Procurement with Bidder Asymmetry in Cost and Risk-Aversion.

(with Hanna Charankevich, Eugene Jeong, and Dong-Hyuk Kim) Journal of Business &
Economic Statistics

(arXiv) (PDF) (Journal)

6.Signaling and Employer Learning with Instruments.

(with Manudeep Bhuller and Fabian Lange)American Economic Review

(arXiv) (NBER wp) (Journal) (PDF)

7.Coordinated Capacity Reduction and Public Communication in the Airline Industry.

(with Federico Ciliberto, Benjamin Leyden) Review of Economics Studies

Media: (ProMarket) (MarketWatch) (The American Conservative) (The New York Times)

Policy: 2020 Congressional Testimony by Michael Kades to the House Subcommittee on
Antitrust, Commercial, and Administrative Law, 2022 Statement of FTC
Commissioner Alvaro M. Bedoya Joined by Chair Lina M. Kahn and Commissioner Rebecca Kelly Slaughter

(arXiv) (SSRN) (Journal) (Replication Package)

8.An Empirical Analysis of Competitive Nonlinear Pricing.

(with M. F. Gabrielli) International Journal of Industrial Organization Economics

(pdf) (Journal)

9.Semi-parametric Estimation of First-Price Auction Models.

(with M. F. Gabrielli and Q. Vuong) Journal of Business & Economic Statistics

(arXiv) (SSRN) (Journal)

10.Journal of Business & Economic Statistics.

(with S. Grundl, D-H Kim and Y. Zhu)Journal of Econometrics

(PDF) (Journal)

11.A Note on Kuhn's Theorem with Ambiguity Averse Players.

(with Ron Stauber)Economic Letters

(PDF) (Journal)

12.Trembles in Extensive Games with Ambiguity Averse Players.

((with Ronald Stauber)Economic Theory

(PDF) (Journal)

13.A Point Decision for Partially Identified Auction Models.

(with Dong-Hyuk Kim) Journal of Business & Economic Statistics

(PDF) (Journal)

14.Testing for Collusion in Asymmetric First-Price Auctions.

(with Maria F. Gabrielli) International Journal of Industrial Organization

(PDF) (Journal)