Published Papers

"Death, Bereavement, and Creativity", forthcoming, Management Science (with Carl Lieberman).

"Auction Guarantees for Works of Art", forthcoming, Journal of Economic Behavior and Organization (with Jon Hamilton).

"Pricing Color Intensity and Lightness in Contemporary Art Auctions", Research in Economics 2016, 70(3):412-420 (with Rachel Pownall).

"Taste Endures! The Rankings of Roger de Piles (†1709) and Three Centures of Art Prices", Journal of Economic History, September 2013, 73:765-790.

"Sale Rates and Price Movements in Art Auctions", American Economic Review Papers and Proceedings, May 2011 101:212-216 (with Orley Ashenfelter)

“The Impact of the Droit de Suite in the UK:  An Empirical Analysis” Journal of Cultural Economics, 2011, 35:81-100 (with Chanont Banterghansa), winner of the Pommerehne Prize for Best Paper

"Repeat Sales Indexes: Estimation Without Assuming that Errors in Asset Returns are Independently Distributed", Real Estate Economics, 2012, 40:131-166 (with Jon Hamilton and Rachel Pownall-Campbell) 

"A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market,"  Journal of Economic Behavior and Organization, 2011, 80; 6-19, (with George Hall)

"Art Auctions," in A Handbook of Cultural Economics, (2nd Edition), Ruth Towse (ed.)  Edward Elgar, 2011: 19-28 (with Orley Ashenfelter)

"Fiddling with Value: Violins as an Investment?"Economic Inquiry, 2011, 49: 1083-1097 (with P. Margolis).

Book Review: Don Thompson's The $12 Million Dollar Shark: The Curious Economics of Contemporary Art, Journal of Cultural Economics, 2009, 33, 233-237.

“Anchoring Effects:  Evidence from Art Auctions,”  American Economic Review, 2009, 99(3), 1027-1039 (with A. Beggs). 

“When are supply and demand determined recursively rather than simultaneously? Another look at the Fulton Fish market” Eastern Economic Journal, 2010, 36, 188-197 (with P. Kennedy)

“Failure to Meet the Reserve Price:  The Impact on the Returns to Art”, Journal of Cultural Economics, 2008, 32, 301-320 (with A. Beggs) 

“The Fulton Fish Market,”  Journal of Economic Perspectives  2006,20(2):207-220.

“Art Auctions,”  Handbook on  the Economics of Art and Culture, V. Ginsburgh and D. Throsby, (eds.), 2006 (with O. Ashenfelter)

“Anatomy of the Rise and Fall of a Price-Fixing Conspiracy:  Auctions  at Sotheby’s and Christie’s,” Journal of Competition Law and Economics 2005, 1: 3-20  (with O. Ashenfelter)

"The Impact of School Inputs on Student Performance: A Study of Private  Schools in theUnited Kingdom,” Industrial and Labor Relations Review,  2005, 58(3): 435-51 (with M. Stevens)

“Auctions and the Price of Art,” Journal of Economic Literature, 2003, 41, 763-788 (with O. Ashenfelter)

“Wage Differentials by Gender: Evidence from Recently Graduated MBAs,”  Oxford Bullentin of Economics and Statistics, 2000, 62, 837-854 (with L. Pistaferri)

“The Interpretation of Instrumental Variables Estimators in Simultaneous Equations Models with an Application to the Demand for Fish,”  Review of Economic Studies, 2000,  67, 499-528 (with J. Angrist and G. Imbens)

“Freedom, Growth, and the Environment,” Environment and Development Economics,  2000,  5, 433-456 (with S. Barrett) 

“The Fairness of Pricing Decisions: Corporate Control and Franchising,” Business Ethics Quarterly, 1999, 9, 225-243 (with D. Robertson)

“Declining Values and the Afernoon Effect: Evidence from Art Auctions,” Rand Journal of Economics, 1997, 23, 544-565 (with A. Beggs)

“Do Fast-Food Chains Price Discriminate on the Race and Income Characteristics of  an Area?” Journal of Business and Economic Statistics, 1997, 15,391-401.

“Testing for Imperfect Competition at the Fulton Fish Market,”  Rand Journal of  Economics, 1995, 26, 75-92.