Ilan Kremer

Education

• Ph.D., Finance, J.L. Kellogg Graduate School of Management, Northwestern University, Evanston, Illinois, 2000.
• M.Sc. (summa cum laude), Computer Science, Hebrew University, Jerusalem, Israel, 1995.
• B.Sc. (summa cum laude), Computer Science/Physics, Hebrew University, Jerusalem, Israel, 1992.

Publications

• "Information Aggregation in Common Value Auctions,” Econometrica,Vol. 70: 4, July 2002.
• "Divisible Good Auctions: The role of Allocation Rules", joint work with Kjell Nyborg, RAND Journal of Economics, Spring 2004, Vol. 35, No. 1.
• "Diversification as a Public Good: Community Effects in Portfolio Choice", joint work with Peter DeMarzo and Ron Kaniel, Journal of Finance,Vol. 59: 4, August 2004.
• "Underpricing and Market Power in Uniform Price Auctions", joint work with Kjell Nyborg, Review of Financial Studies, vol. 17, July 2004.
• "The Relationship between the Allocation of Goods and a Seller's Revenue,'” with Matt Jackson, Journal of Mathematical Economics, 40 (2004), pp. 371-392.
• "On the Informational Inefficiency of Discriminatory Price Auctions” joint work with Mathew Jackson, Journal of Economic Theory, Vol. 132, No. 1, pp 507-517, 2007.
• "Bidding with Securities - Auctions and Security Design" with Peter DeMarzo and Andy Skrzypacz, American Economic Review (AER)2005, 95, 936-959, (WFC Best Paper Award, 2004.)
• "Ratings, certifications and grades: dynamic signaling and market breakdown.", joint work with Andrzej Skrzypacz, Journal of Economic Theory (JET), 133(1) pp. 58-82.
• "Envy-Freeness and Implementation in Large Economies,” with Mathew Jackson The Review of Economic Design, (2007) Vol. 11, No. 3, pp. 185-198.
• "The Relevance of a Choice of Auction Format in a Competitive Environment ”, joint work with Mathew Jackson. Review of Economic Studies (RES), Vol. 73, No. 3, pp 961-982, 2006.
• "Technological Innovation and Real Investment Booms and Busts", joint work with Peter DeMarzo and Ron Kaniel, Journal of Financial Economics, 2007, 85(3), 735-754
• "Relative Wealth Concerns and Financial Bubbles", joint work with Peter DeMarzo and Ron Kaniel, Review of Financial Studies, 2008, 21(1), 19-50
• "Price drift as an outcome of differences in higher order beliefs”, joint work with Snehal Banerjee and Ron Kaniel, forthcoming Review of Financial Studies (RFS)
• "Dynamic Patterns of Trading Volume and Disagreement" joint work with Snehal Banerjee, forthcoming Journal of Finance(JF)
• "Endogenous Information Flows and the Clustering of Announcements" joint work with Viral Acharya, and Peter DeMarzo. American Economic Review (AER) 2011, 101(7) 2955-79
• "Implementing the "Wisdom of the Crowd"” joint work with Yishay Mansour and Motty Perry, accepted for publication Journal of Political Economy (JPE)
• "Not Only What But also When: A Theory of Dynamic Voluntary Disclosure” joint work with Ilan Guttman and Andy Skrzypacz, American Economic Review (AER) 2014 104(8): 2400-2420
• "Ordering and Revenue in Sequential Auctions: A Natural Experiment from the Market for Art" (w/ Harrison Hong, Jeffrey Kubik, Jianping Mei, Michael Moses) Rand Journal of Economics, Spring 2015
• "Hannan and Blackwell Meet Black and Scholes: Approachability, Calibration and Robust Option Pricing," joint work with Peter Demarzo and Yishay Mansour, accepted for publication Journal of Economic Theory (JET)
• "Optimal Recurrence Dynamic Auctions” joint work with Zvi Wiener and Eyal Winter, accepted for publication International Journal of Game Theory

Honors And Awards

• 2004 Best paper award, Utah Winter Finance Conference 2004, joint with Peter DeMarzo and Andy Skrzypacz for "Bidding with Securities - Auctions and Security Design"
• 2003 NSF Grant with Peter DeMarzo and Andy Skrzypacz for "Bidding with Securities – Auctions and Security Design"
• 1999 State Farm Companies Foundation Doctoral Dissertation Award in Business.
• 1999 Treftzs award for the best student paper in the WFA with Valery Polkovnichenko.
• 1995-96 Northwestern University Scholar
• 1992-93 Intel prize
• 1991 Wolf scholarship
• 1989-92 Rector prize Hebrew University, Israel
• 1989-92 Dean's list Hebrew University, Israel