Working Papers (pdf format)

• Implications of Keeping Up with the Joneses Behavior for the Equilibrium Cross-Section of Stock Returns (joint with Juan-Pedro Gomez and Richard Priestley).

• Executive Stock Options as a Screening Mechanism (joint with Abel Cadenillas and Jaksa Cvitanic).

• A Class of Quadratic Options for Exchange Rate Stabilization (joint with Sangwon Suh).

• The Representative Agent of an Economy with External Habit-Formation and Heterogeneous Risk-Aversion (joint with Costas Xiouros).