Research interests
I am an applied microeconomist interested in healthcare economics and empirical auctions.
Publications
"The Relation Between Variance and Information Rent in Auctions" (with Brett Katzman and Jesse Schwartz), International Journal of Industrial Organization, 28 (2010).
Abstract: This paper examines the conventional wisdom, expressed in McAfee and McMillan's (1987) widely cited survey paper on auctions, that links increased variance of bidder values to increased information rent. We find that although the conventional wisdom does indeed hold in their (1986) model of a linear contract auction, this relationship is an artifact of that particular model and cannot be generalized. Using Samuelson's (1987) model, which is similar but allows for unobservable costs, we show that increased variance does not always imply increased information rent. Finally, we give the appropriate measure of dispersion (different from variance) that provides the link between the bidder value distribution and information rent.
Working papers
"Estimating forward-looking models with dynamic panel methods: application to physician labor supply" (with Anup Malani), working paper (2010).
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