• Email: pbond AT wharton.upenn.edu

• Phone: 215-898-2370

• Work in progress

• Published/forthcoming/conditionally accepted papers

• Older working papers

Work in progress

• "Investment banking (and other high profile) careers," with Ulf Axelson

• "Commitment contracts," with Gustav Sigurdsson

  • Online appendix containing numerical simulation details.

• "Why do markets freeze?" with Yaron Leitner

• "Government intervention and information aggregation by prices," with Itay Goldstein

Published/forthcoming/conditionally accepted papers

• "Information-based trade," with Hülya Eraslan, September 2009, forthcoming, Journal of Economic Theory.

• Appendix containing additional analysis.

• Note: This paper previously circulated under the title "Information, trade and common knowledge with endogenous asset values."

• "Preventing crime waves," with Kathleen Hagerty, December 2009, forthcoming, American Economic Journal: Microeconomics.

  • Appendix containing omitted proofs.

• "Prohibitions on penalties in private contracts," with Andrew Newman, October 2009, volume 18, issue 4, pages 526 - 540, Journal of Financial Intermediation.

• "Contracting in the presence of judicial agency," 2009, volume 9, issue 1, article 36, (Advances), The B.E. Journal of Theoretical Economics .

• "Market-based corrective actions," with Itay Goldstein and Edward S. Prescott, February 2010, volume 23, number 2, pages 781-820, Review of Financial Studies.

  • Note: This paper previously circulated under the title "Market-Based Intervention and Non-Revealing Prices: The Case of Government Supervision of Banks,"

• "Strategic voting over strategic proposals," with Hülya Eraslan, forthcoming, Review of Economic Studies.

• Appendix containing omitted proofs.

• Note: This paper previously circulated under the title "Bargaining collectively."

• "Predatory mortgage lending," with David Musto and Bilge Yilmaz, December 2009, volume 94, issue 3, pages 412-427, Journal of Financial Economics.

  • Online supplement dealing with imperfect lender foresight.

  • Note: This paper previously circulated under the title "Predatory lending in a rational world."

• "Multitask principal-agent problems," with Armando Gomes, January 2009, issue 1, volume 144, pages 175-211, Journal of Economic Theory.

• "Borrrower runs," with Ashok Rai, March 2009, issue 2, volume 88, pages 185 - 191, Journal of Development Economics.

  • Profiled in this article in Microfinance Insights

• "Persistent court corruption," August 2008, volume 118, issue 531, pages 1333-1353, Economic Journal.

• "Cosigned vs group loans," with Ashok Rai, February 2008, volume 85, issues 1-2, pages 58-80, Journal of Development Economics.

• "Coordinating development: can income-based incentive schemes eliminate Pareto inferior equilibria?" with Rohini Pande, volume 83, Issue 2, July 2007, Pages 368-391, Journal of Development Economics.

  • Appendix containing omitted results

• "Bank and nonbank financial intermediation," December 2004, volume 59, issue 6, pages 2489-2529, Journal of Finance.

• "Regulating exclusion from financial markets," with Arvind Krishnamurthy, July 2004, volume 71, issue 3, pages 581-913, Review of Economic Studies.

  • Appendix containing omitted proofs

  • Note: This paper previously circulated under the title "Credit denial as a threat".

• "Joint liability among bank borrowers," January 2004, volume 23, issue 2, pages 383-394, Economic Theory.

• "Incentive compatible contractible information," September 2003, volume 22, issue 2, pages 375-394, Economic Theory.

Older working papers

• "Debt restructuring and voting rules," with Hülya Eraslan.

• "Are cheap talk and hard evidence both needed in the courtroom?" May 2006.

• "Deterrence and plaintiff incentives," October 2007.

  • Appendix containing additional results.

  • Note: This paper previously circulated under the title "Laws and contracts."

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