WORK IN PROGRESS:

• The Effects of Heterogeneity in Secondary Markets: a Comparison of France, UK and US Car Markets (with Alessandro Lizzeri).

• Consumer Credit and the Volatility of Durable Expenditure: Evidence from Car Purchases.

WORKING PAPERS:

• The Role of Trading Frictions in Real Asset Markets,
  Updated: November 2008.
  Previous versions of the paper circulated under the titles "Liquidity in Real Asset Markets" and "Thick-Market Effects in Real Asset Markets".

• Dynamic Inefficiencies in Employment-Based Health Insurance: Theory and Evidence 
  (with Hanming Fang), August 2007,
  NBER Working Paper No. 13371.

• Asset Liquidity and Financial Contracts: Evidence from Aircraft Leases,
  Updated: October 2008.

• Transparency, Accountability and Manipulation of Public Accounts 
  (with Alessandro Lizzeri), November 2008.

• Leasing and Secondary Markets: Theory and Evidence from Commercial Aircraft, 
  Updated: March 2007.

• Transparency and Economic Policy (with Alessandro Lizzeri).
  Review of Economic Studies, forthcoming.
  Please see Addendum to Transparency and Economic Policy for additional results.

• The Perils of Transparency in Bureaucracies (with Alessandro Lizzeri).
  American Economic Review, Papers and Proceedings, Vol. 97, No. 2, (May, 2007), pp. 300-305.