"Intermittency and the Value of Renewable Energy," (with Stanley Reynolds and Mario Samano) December 2011 [Download paper][Download slides]
"Dynamics of Consumer Demand for New Durable Goods," (with Marc Rysman) October 2011 [Download paper]
"Causality, Learning and Forgetting in Surgery," (with Vivian Ho and Robert J. Town) January 2006 [Download paper]
Published/forthcoming papers (in PDF format)
"Entry and Pricing in a Differentiated Products Industry: Evidence from the ATM Market," (with John Krainer) (RAND Journal of Economics, 42, 1-22, 2011) [Download paper]
"The Impact of the Medicare Rural Hospital Flexibility Program on Patient Choice," (with Claudio Lucarelli, Philipp Schmidt-Dengler and Robert Town) (International Journal of Industrial Organization 29, 342-344, 2011) [Download paper]
"Managed Care, Drug Benefits and Mortality: An Analysis of the Elderly," (with Robert J. Town and Eric Barrette) (The B.E. Journal of Economics Analysis and Policy 11: Issue 2 (Advances) Article 3, 2011) [Download from website][Download from journal]
"Learning and the Value of Information: Evidence from Health Plan Report Cards," (with Michael Chernew and Dennis Scanlon) (Journal of Econometrics, 144, 156-74, 2008) [Download paper]
"Electoral Design and Voter Welfare from the U.S. Senate: Evidence from a Dynamic Selection Model," (with Matthew F. Mitchell and Andrea Moro), (Review of Economic Dynamics, 11, 1-17, 2008) [Download paper]
"Quantifying Equilibrium Network Externalities in the ACH Banking Industry," (with Daniel A. Ackerberg), (RAND Journal of Economics 37, 738-61, 2006) [Download paper]
"Quality, Price and Employers' Choice of Health Plan," (with Michael Chernew, Catherine McLaughlin and Teresa Gibson), (Journal of Health Economics 23, 471-92, 2004) [Download paper]
"Network Externalities and Technology Adoption: Lessons from Electronic Payments," (with Joanna Stavins), (RAND Journal of Economics 35, 260-76, 2004) [Download paper]
"Mergers and the Evolution of Industry Concentration: Results From the Dominant Firm Model," (with Thomas J. Holmes), (RAND Journal of Economics 35, 561-82, 2004) [Download paper][Download web notes]
"Bayesian Inference For Hospital Quality in a Selection Model," (with John Geweke and Robert J. Town), (Econometrica 71, 1215-1238, 2003) [Download paper][Download appendices]
"Competition, Payers and Hospital Quality," (with Robert J. Town), (Health Services Research 38, 1403-22, 2003) [Download paper]
"Payer Type and the Returns to Bypass Surgery: Evidence from Hospital Entry Behavior," (with Michael Chernew and A. Mark Fendrick), (Journal of Health Economics 21, 451-474, 2002) [Download paper]
"Estimating the Quality of Care in Hospitals Using Instrumental Variables," (with Robert J. Town), (Journal of Health Economics 18, 747-67, 1999) [Download paper]
"A Dynamic Model of Endogenous Horizontal Mergers," (RAND Journal of Economics 30, 56-83, 1999) [Download paper]
"Efficient Representation of State Spaces for Some Dynamic Models," (Journal of Economic Dynamics and Control 23, 1077-98, 1999) [Download paper]
"Dynamic Equilibrium in the Hospital Industry," (with Robert J. Town), (Journal of Economics & Management Strategy 6, 45-74, 1997) [Download paper]
My Ph.D. Dissertation from 1995 contains a proof of existence of equilibrium for Ericson-Pakes type models
"A Dynamic Analysis of Mergers" (Yale University Ph.D. Dissertation - see Ch. 3, p. 183 - 201 for proof of existence) (Nov. 1995) [Download]
The original exposition included did not redefine mean scrap value and the Bellman equation (4.1) given random scrap values (thanks to Uli Doraszelski and Mark Satterthwaite for pointing this out)
Updated version of Ch. 3 of my dissertation (with changes in revision mode - see p. 186, 187, 190 for changes) (Mar. 2010) [Download]
Other Publications
"Evaluating the Impact of a Hospital Merger Using the Difference-in-Difference of Prices." (Comment on article by Steven Tenn.) (Forthcoming, International Journal of the Economics of Business) [Download paper]
"Why Do Americans Still Write Checks?" (FRBSF Economic Letter 2002-27, September 2002) [Download paper]
"Productivity in Heart Attack Treatments," (FRBSF Economic Letter 2002-20, July 2002) [Download paper]
"Competition and Regulation in the Airline Industry," (FRBSF Economic Letter 2002-01, January 2002) [Download paper]
"Issues and Prospects for Payment System Deregulation," January 1998 [Download paper]