Industrial organization of securities markets

“Sale of price information by exchanges: does it promote price discovery?”, with Giovanni Cespa Management Science 60, 148-165, January 2014

“Liquidity Cycles, and Make/Take Fees in Electronic Markets”, with Ohad Kadan, and Eugene Kandel, Journal of Finance 68, 299-341. 2013

“Trading fees and efficiency in limit order markets”, with Jean Edouard Colliard, Review of Financial Studies, 25, 3389-3421; 2012.

“Competition for Order Flow and Smart Order Routing Systems”, with Albert Menkveld, Journal of Finance, 63, 119-158, 2008

“Competition For listings”, with Christine Parlour, RAND Journal of Economics, 35, 329-355; Summer 2004.

Consolidation et fragmentation des marchés boursiers: coûts et bénéfices ” contribution au rapport sur la Consolidation des Bourses Mondiales (p.103-128) pour le Conseil d’Analyse Economique, Documentation Française, Août 2007.