The Market for Borrowing Corporate Bonds
Journal of Financial Economics, 2012
We characterize the distribution and correlates of corporate bond borrowing costs from a major securities lender. (with Paul Asquith, Andrea Au and Parag Pathak)
Posts by Collection
papers
Experiential and Social Learning in Firms: The Case of Hydraulic Fracturing in the Bakken Shale
Working Paper, 2015
I measure the extent to which oil companies in North Dakota learned how to use fracking technology from their own and their competitors’ experiences, and document that intentional experimenting behavior is rare.
Will We Ever Stop Using Fossil Fuels?
Journal of Economic Perspectives, 2016
In the absence of coordinated climate policy, we argue that the world should not expect to “run out” of supply or demand for fossil fuels for the forseeable future. (with Michael Greenstone and Chris Knittel)
Crude by Rail, Option Value, and Pipeline Investment
Reject and Resubmit, American Economic Review, 2018
The transportation of crude oil by rail reduces incentives to invest in more efficient and safer pipeline technology. (with Ryan Kellogg)
The Effects of Mandatory Transparency in Financial Market Design: Evidence from the Corporate Bond Market
Working Paper, 2019
We use a difference-in-differences research design to measure the impact of post-trade transparency on corporate bond trading activity and trading costs. (with Paul Asquith and Parag Pathak)
Relinquishing Riches: Auctions vs. Informal Negotiations in Texas Oil and Gas Leasing
Conditionally Accepted, American Economic Review, 2022
Oil and gas extraction leases allocated via centralized auctions pay the owners of such extraction rights 55% more and produce 40% more output than informally negotiated leases do. (with Richard Sweeney)
Winds of Change: Estimating Learning by Doing without Cost or Input Data
Working Paper, 2022
Learning by doing has reduced wind turbine manufacturing costs by 14-29 percent. (with Richard Sweeney)
Secrecy Rules and Exploratory Investment: Theory and Evidence from the Shale Boom
Working Paper, 2022
Secrecy rules reduce free-riding, but also reduce the informational efficiency of investment. During the early days of the Appalachian shale boom, secrecy rules reduced overall surplus from drilling by about 50%, relative to a no secrecy benchmark. (with Richard Sweeney)
portfolio
Portfolio item number 1
Short description of portfolio item number 1
Portfolio item number 2
Short description of portfolio item number 2
publications
The Market for Borrowing Corporate Bonds
Published in Journal of Financial Economics, 2012
We characterize the distribution and correlates of corporate bond borrowing costs from a major securities lender. (with Paul Asquith, Andrea Au and Parag Pathak)
Experiential and Social Learning in Firms: The Case of Hydraulicn Fracturing in the Bakken Shale
Published in Working Paper, 2015
I measure the extent to which oil companies in North Dakota learned how to use fracking technology from their own and their competitors’ experiences, and document that intentional experimenting behavior is rare.
Will We Ever Stop Using Fossil Fuels?
Published in Journal of Economic Perspectives, 2016
In the absence of coordinated climate policy, we argue that the world should not expect to “run out” of supply or demand for fossil fuels for the forseeable future. (with Michael Greenstone and Chris Knittel)
Crude by Rail, Option Value, and Pipeline Investment
Published in Reject and Resubmit, American Economic Review, 2018
The transportation of crude oil by rail reduces incentives to invest in more efficient and safer pipeline technology. (with Ryan Kellogg)
The Effects of Mandatory Transparency in Financial Market Design: Evidence from the Corporate Bond Market
Published in Working Paper, 2019
We use a difference-in-differences research design to measure the impact of post-trade transparency on corporate bond trading activity and trading costs. (with Paul Asquith and Parag Pathak)
Relinquishing Riches: Auctions vs. Informal Negotiations in Texas Oil and Gas Leasing
Published in Conditionally Accepted, American Economic Review, 2022
Oil and gas extraction leases allocated via centralized auctions pay the owners of such extraction rights 55% more and produce 40% more output than informally negotiated leases do. (with Richard Sweeney)
Winds of Change: Estimating Learning by Doing without Cost or Input Data
Published in Working Paper, 2022
Learning by doing has reduced wind turbine manufacturing costs by 14-29 percent. (with Richard Sweeney)
Secrecy Rules and Exploratory Investment: Theory and Evidence from the Shale Boom
Published in Working Paper, 2022
Secrecy rules reduce free-riding, but also reduce the informational efficiency of investment. During the early days of the Appalachian shale boom, secrecy rules reduced overall surplus from drilling by about 50%, relative to a no secrecy benchmark. (with Richard Sweeney)
talks
Talk 1 on Relevant Topic in Your Field
Published:
This is a description of your talk, which is a markdown files that can be all markdown-ified like any other post. Yay markdown!
Conference Proceeding talk 3 on Relevant Topic in Your Field
Published:
This is a description of your conference proceedings talk, note the different field in type. You can put anything in this field.
teaching
Teaching experience 1
Undergraduate course, University 1, Department, 2014
This is a description of a teaching experience. You can use markdown like any other post.
Teaching experience 2
Workshop, University 1, Department, 2015
This is a description of a teaching experience. You can use markdown like any other post.