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

• Published version, Latest draft available (SSRN), Internet appendix

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

• Published version, Latest draft available (SSRN),  SEC memorandum on make take fees in US markets 

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

• Published version, Latest unpublished draft available (SSRN).

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

• Published version

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

• Published in RAND Journal of Economics, 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.