1990 Ph.D. Business Economics and Industrial Organization, University of Chicago.
1988 MA (with honors) Economics, Hebrew University.
1987 MBA Economics and Econometrics, University of Chicago.
1981 BA (cum laude) Economics, Hebrew University
In Search of Reasonable Executive Compensation, CESIfo Journal, 2009, forthcoming.
Brokerage Commissions and Institutional Trades (with M. Goldstein, P. Irvine and Z. Wiener), forthcoming at The Review of Financial Studies, 2009.
Portfolio Diversification and the Decision to Go Public (with A. Bondaryuk, M. Massa, and A. Simonov), The Review of Financial Studies, 21(4), November 2008, pp. 2779-2824
A Rational Expectation Theory of Kinks in Financial Reporting (with I. Guttman, and O. Kadan), The Accounting Review, 81(4), July 2006, pp. 811-848.
Limit Order Book as a Market for Liquidity (withT. Foucault and O. Kadan), The Review of Financial Studies, 18(4), November 2005, pp. 1171-1217.
Option Value, Uncertainty and the Investment Decision (with N. Pearson), Journal of Financial and Quantitative Analyses, 37(2), March 2002, pp. 341-374.
Between Search and Walras, (with A. Simhon), The Journal of Labor Economics, 20(1), January 2002, pp. 59-86.
Flexibility vs. Commitment in Personnel Management (with N. Pearson), The Journal of Japanese and International Economics, 15(4), December 2001, pp. 515-556.
Differential Interpretation of Information in Inflation Forecasts (with B. Zilberfarb), The Review of Economics and Statistics,81(2), May 1999, pp.217-226.
Payment for Order Flow on Nasdaq (with L. Marx), Journal of Finance, 54(1), February 1999, pp. 35-66.
Effect of Market Reform on the Trading Cost and Depths of Nasdaq Stocks(with M. Barclay, W. Christie, J. Harris, P. Schultz), Journal of Finance, 54(1), February 1999 (lead article), pp. 1-34.
Odd Eighths Avoidance as a Defense AgainstSOES Bandits (with L. Marx), Journal of Financial Economics, 51(1), January 1999, pp. 85-102.
The Effect ofTransaction Costs on Stock Prices and Trading Volume, (with M. Barclay and L. Marx), Journal of Financial Intermediation, 7(1), April 1998, pp. 130-150 (lead article).
Nasdaq Market Structure and Spread Patterns (with L. Marx), Journal of Financial Economics, 45, July 1997, pp. 61-89.
The Right to Return, Journal of Law and Economics, 39(1), April 1996, pp. 329-355.
Differential Interpretation of Information and Trade in Speculative markets (with N. Pearson), Journal of Political Economy, 103(4), August 1995, pp. 831-872.
Peer Pressure and Partnerships (with E. Lazear), Journal of Political Economy, 100(4), August 1992, pp.801-817.
Reprinted in the Personnel Economics volume of The International Library of Critical Writings in Economics, ed. Mark Blaug, Edward Edgar Publishing, 2003;
Reprinted in The Economics of Modern Business Enterprise, volume (ed. Martin Ricketts), of The International Library of Critical Writings in Economics, series editor Mark Blaug, 2007.
Tick size, market structure and trading costs (with W. Christie and J. Harris), Stock Market Liquidity, ed. G.N. Gregoriou and F.S. Lhabitant, John Wiley, Fall 2007.
Contract Enforcement Institutions: Historical Perspective and Current Status in Russia (with A. Greif), in Economic Transition in Eastern Europe and Russia, ed. E. Lazear, Hoover Institution Press, 1995, pp. 291-321.