Publications

"Investment Reversibility and Agency Cost of Debt", Econometrica (forthcoming).

"Information Percolation in Large Markets" (with Darrell Duffie), American Economic Review P&P, vol. 97 (2007), pp. 203-209.

Working Papers

"Motivating Innovation".

"Performance-Sensitive Debt" (with Bruno Strulovici and Alexei Tchistyi).

"Information Percolation" (with Darrell Duffie and Gaston Giroux).

"Governance Through Exit and Voice: A Theory of Multiple Blockholders" (with Alex Edmans). (Online Appendix)

Work in Progress

``Incentives for Innovation: Evidence from a Laboratory Experiment'' (with Florian Ederer).

``Incentives and Creativity: Evidence from the Howard Hughes Medical Institute Investigator Program'' (with Pierre Azoulay and Joshua Graff Zivin).

"Syndication and Collusion in Financial Markets" (with Vinicius Carrasco).

"Transformational Leadership."