Research - David M. Frankel

See a version of this page with abstracts

Work In Progress

"How to Sell Equity if You Must."

"Managerial Entrenchment, Stakeholders, and Capital Structure." (With May Li.)

"Mechanism Design with an Informed Principal: Extensions and Generalizations" (with Peter DeMarzo).

Published and Forthcoming Work

"Portfolio Liquidity and Security Design with Private Information." (with Peter DeMarzo and Yu Jin). Review of Financial Studies 34:5841–5885 (2021).

"Efficient Ex-Ante Stabilization of Firms." Journal of Economic Theory 170:112-144 (2017).

"Securitization and Lending Competition" (with Yu Jin). Review of Economic Studies 82: 1383-1408 (2015).

"Recurrent Crises in Global Games." Journal of Mathematical Economics 48:309-321 (2012).

"Measuring School Segregation." Oscar Volij and David Frankel. Lead article in Journal of Economic Theory 146:1-38 (2011).

"Adaptive Expectations and Stock Market Crashes." International Economic Review 49:595-619 (2008). Appendix.

"Shocks and Business Cycles." David Frankel and Krzysztof Burdzy. Advances in Theoretical Economics v. 5 iss. 1 paper no. 2 (2005).

Equilibrium Selection in Global Games with Strategic Complementarities." David Frankel, Stephen Morris, and Ady Pauzner. Lead article in Journal of Economic Theory 108:1-44 (2003).

"Expectations and the Timing of Neighborhood Change." David Frankel and Ady Pauzner. Journal of Urban Economics 51:295-314 (2002).

"Fast Equilibrium Selection by Rational Players Living in a Changing World." Krzysztof Burdzy, David Frankel, and Ady Pauzner. Econometrica 68:163-190 (2001).

"The Retail Price of Inequality." David Frankel and Eric Gould. Journal of Urban Economics 49:219-239 (2001).

"Resolving Indeterminacy in Dynamic Settings: The Role of Shocks." David Frankel and Ady Pauzner. Quarterly Journal of Economics 115:283-304 (2000).

"A Pecuniary Reason for Income Mixing." Journal of Urban Economics 44:158-169 (1998).

"Creative Bargaining." Games and Economic Behavior 23:43-53 (1998).

"Transitional Dynamics of Optimal Capital Taxation." Macroeconomic Dynamics 2:492-503 (1998).

"On the Time and Direction of Stochastic Bifurcation." Krzysztof Burdzy, David Frankel, and Ady Pauzner. In B. Szyszkowicz, ed. Asymptotic Methods in Probability and Statistics: A Volume in Honour of Miklos Csorgo. Holland: Elsevier, 1998.

The State of Working America: 1990-1991 Edition. David Frankel and Lawrence Mishel. New York and London: Sharpe, 1991.

"Class, Social Networks, and Labour Party Support in Great Britain." Research in Social Stratification and Mobility 10:345-364 (1991).