Accepted for Publication

The delegated Lucas tree (with Ron Kaniel)
Review of Financial Studies, accepted for publication, March 2012
(an earlier version is CEPR DP8578) Abstract Appendix D

The more we know about the fundamental, the less we agree on the price
Review of Economic Studies, forthcoming, October 2011, Abstract, Web Appendix B, Web Appendix C

Fund Managers, Career Concerns, and Asset Price Volatility(with Veronica Guerrieri)
American Economic Review, forthcoming, Abstract, Web Appendix
(see also an earlier version as NBER w14898)

Risk in Dynamic Arbitrage: Price Effects of Convergence Trading
Journal of Finance, 64(2), April 2009, 638-658 Abstract
Winner of the Smith BreedenFirst Prize for the Best Paper in asset pricing on the Journal ofFinance in 2009.

Papers in the revision process

Do Hedge Funds Reduce Idiosyncratic Risk?
(with Ronnie Sadka and Namho Kang, earlier version under a different title is CEPR DP 8307) March 2012 Abstract

Work in Progress

Inefficient Investment Waves
January 2012 (with Zhiguo He) Abstract

Illiquidity, Recessions and Deep Pocket Investors
March 2011 (with Zhiguo He)

Trading and Information Diffusion in OTC markets
March 2012 (with Ana Babus)

Asset prices and dynamic risk-sharing with wealth contraints
March 2012 (with Dimitri Vayanos)

Projects on temporary hold

The More We Know, the Less We Agree: Uncertainty, Confusionand Speculative Attacks
September 2009 Abstract

Social learning with subjective communication and self-selection
(with Gergely Ujhelyi) Abstract

Rational Trader Risk
Financial Market Group Discussion Paper 533 Abstract

Procyclicality, collateral values and financial stability
(with Prasanna Gai and Nicholas Vause) Bank of England Working Paper No 304 Abstract