Security and Market Design
"Does a Central Clearing Counterparty Reduce Counterparty Risk?" (with Haoxiang Zhu), Review of Asset Pricing Studies 2011, Volume 1: 74-95.
"Innovations in Credit Risk Transfer: Implications for Financial Stability,'' Graduate School of Business, Stanford University, June, 2007, prepared for the Bank of International Settlements.
"A Liquidity Based Model of Security Design" (with Peter DeMarzo), Econometrica 1999, Volume 67: 65-99.
"Financial Market Innovation and Security Design'' (with Rohit Rahi), Journal of Economic Theory 1995, Volume 65: 1-42.
"A Liquidity-Based Model of Asset-Backed Security Design'' (with Peter DeMarzo), Working Paper, Kellogg Graduate School of Management, Northwestern University, November, 1993.
"Optimal Innovation of Futures Contracts" (with Matthew O. Jackson), Review of Financial Studies 1989, Volume 2: 275-296.