The Welfare Effects of Vertical Integration in Multichannel Television Markets (with Gregory Crawford, Robin Lee, and Michael Whinston)
December 2015

+ Click for Summary
We estimate the welfare effects of vertical integration of upstream regional sports networks with downstream cable distribution firms. We measure efficiencies due to integration (reduction of double marginalization) against potential foreclosure incentives (exclusion and raising rivals' costs). We also analyze regulatory policy towards integrated firms.

Bias in Cable News: Persuasion and Polarization (with Gregory Martin)
May 2016

+ Click for Summary
We measure the persuasive effects of cable news. We consider these effects in a model where consumers prefer news that is closer to their own ideology. The results suggest that media mergers may raise additional public policy issues compared to mergers in other product markets.

Dynamic Natural Monopoly Regulation: Time Inconsistency, Moral Hazard, and Political Environments (with Claire Lim)
Online Appendix
May 2016
Journal of Political Economy, Accepted

+ Click for Summary
Examines infrastructure investment dynamics and degree of power outages under monopoly regulation. We simulate regulatory commitment and explore regulator heterogeneity.

Multilateral Trade Bargaining: A First Peek at the GATT Bargaining Records (with Kyle Bagwell and Robert Staiger)
Data Appendix | Supplementary Notes
August 2015

+ Click for Summary
We empirically examine recently declassified offer and counteroffer data from multi-party international tariff negotiations. We document eight stylized facts. We assess the role of relaxing bilateral reciprocity to multilateral reciprocity, and whether preferential tariffs served as a stumbling block for liberalization.

The Role of Government Reimbursement in Drug Shortages (with Eli Liebman and David Ridley)
January 2016

+ Click for Summary
Examines dramatic increase in reported drug shortages and the contribution of changing regulatory reimbursement design. The theoretical framework is an oligopoly with supply uncertainty where manufacturers invest in capacity and face differing reimbursement schemes for their drugs.

The Welfare Effects of Bundling in Multichannel Television Markets (with Gregory S. Crawford)
American Economic Review, Vol. 102, No. 2, April 2012
Download Code for Estimation and Simulation (Synthetic Data Included)

+ Click for Summary
An empirical model to predict the effects of a la carte pricing regulations in cable television, accounting for the renegotiation of bilateral contracts between upstream content and downstream distribution.

Invited Comments prepared for the FCC "State of The Video Marketplace" Workshop
March 2016

+ Click for Summary
Non-technical overview on research related to bundling, programming costs, vertical integration, and social effects of the media.

Size Effects and Mergers in Bilateral Oligopoly (with Nikolay Doudchenko)

Quantitative Analysis of GATT/WTO Negotiations (with Kyle Bagwell and Robert Staiger)

Data and Decisions

Period: 2009 - present
Level: MBA

Statistics and Data Analysis for Business Applications

  • Probabilistic foundations
  • Sampling theory
  • Regression Analysis
  • Model Selection

Econometrics (E604)

Period: 2011 - present
Level: PhD

First year econometrics course for GSB PhD students.

Syllabus

Industrial Organization

Period: various
Level: Undergraduate and PhD