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Publications

Learning and the Disappearing Association between Governance and Returns
(with Lucian Bebchuk and Charles C.Y. Wang)
108 Journal of Financial Economics 323-348 (2013)
Harvard Law School Olin Discussion Paper No. 667
NBER Working Paper No. W15912.

Financial Incentives and Fertility
(with Rajeev Dehejia and Dmitri Romanov)
95 Review of Economics and Statistics 1–20 (2013) (lead article)
NBER Working Paper No. W13700.

Asymmetric Learning in Repeated Contracting: An Empirical Study
Review of Economics and Statistics, 2012, Forthcoming
Harvard Law School Olin Discussion Paper No. 606
NBER Working Paper No. W13752.

The Wages of Failure, Executive Compensation at Bear Stearns and Lehman 2000-2008
(with Lucian Bebchuk and Holger Spamann)
Yale Journal on Regulation, Vol. 27, pp. 257-282 (2010).

Testing for Adverse Selection in Insurance Markets
(with Peter Siegelman)
Journal of Risk and Insurance, Vol. 77, Issue 1, pp. 39-84 (2010).
Won the 2011 Robert C. Witt Award awarded annually by the American Risk and Insurance Association.

What Matter's in Corporate Governance?
(with Lucian Bebchuk and Allen Ferrell)
Review of Financial Studies, Vol. 22, No. 2, pp. 783-827 (2009).

Estimating Risk Preferences from Deductible Choice
(with Liran Einav)
American Economic Review, Vol. 93, Issue 3, pp. 745-788 (2007).

The Disadvantages of Aggregate Deductibles
B.E. Journals in Economic Analysis & Policy, Vol. 6, No. 1, article 7 2006.

Asymmetric Information and Learning: Evidence from the Automobile Insurance Market
Review of Economic and Statistics, Vol. 87, No. 2, pp. 197-207 (2005).

The Costs of Entrenched Boards
(with Lucian Bebchuk)
Journal of Financial Economics, Vol. 78, pp. 409-433 (2005).

The Effects of Automobile Insurance and Accident Liability Laws on Traffic Fatalities
(with Rajeev Dehejia)
Journal of Law and Economics, Vol. 47, No. 2, pp. 357-393 (2004).

The Effect of Mandatory Seat Belt Laws on Driving Behavior and Traffic Fatalities
(with Liran Einav)
Review of Economics and Statistics, Vol. 85, No. 4, pp. 828-843 (2003).

Firms’ Decisions Where to Incorporate
(with Lucian Bebchuk)
Journal of Law and Economics, Vol. 46, Vol. 2, pp. 383-425 (2003).

Does the Evidence Favor State Competition in Corporate Law?
(with Lucian Bebchuk and Allen Ferrell)
California Law Review, Vol. 90 , No. 2, pp. 1775-1921 (2002).