Peter Kondor

Research Interests

• Asset Pricing with Frictions
• Information and Learning
• Delegated Portfolio Management

Working Papers

• Cleansing By Tight Credit: Rational Cycles and Endogenous Lending Standards (with Maryam Farboodi)
  November 2021

• Financial Choice and Financial Information (with Botond Koszegi)
  May 2017

Published and Accepted Papers

• Heterogeneous Booms and Busts (with Maryam Farboodi) conditionally accepted at American Economic Review, May 2021

• Clients' Connections: Measuring the Role of Private Information in Decentralised Markets (with Gábor Pintér)
  accepted at Journal of Finance, June 2021

• Learning in Crowded Markets (with Adam Zawadowski)
  Journal of Economic Theory, 184(November), 2019 Online Appendix

• Liquidity Risk and the Dynamics of Arbitrage Capital (with Dimitri Vayanos)
  Journal of Finance 74(3), 1139-1173, June 2019 , earlier version is NBER w19931 MATLAB code

• Trading and Information Diffusion in Over-the-Counter markets (with Ana Babus)
  Econometrica Vol. 86. No. 5 (September, 2018), 1727-1769 MATLAB code, Corrigendum (joint with Ana Babus and Yilin Wang), Vol. 88. No. 5, 2221-2228 MATLAB code

• Inefficient Investment Waves (with Zhiguo He)
  Econometrica Vol. 84, No. 2 (March, 2016), 735–780 Online Appendix, Additional Material See also as the earler version NBER w18217

• Do Hedge Funds Reduce Idiosyncratic Risk? (with Ronnie Sadka and Namho Kang)
  Journal of Financial and Quantitative Analysis, 49(4), August 2014, 843-877 earlier version under a different title is CEPR DP 8307

• The delegated Lucas tree (with Ron Kaniel)
  Review of Financial Studies, 26 (4),April 2013, 929-984 (an earlier version is CEPR DP8578) Appendix D

• Fund Managers, Career Concerns, and Asset Price Volatility (with Veronica Guerrieri)
  American Economic Review, 102(5), August 2012, 1986-2017. Web Appendix (see also an earlier version as NBER w14898)

• The more we know about the fundamental, the less we agree on the price
  Review of Economic Studies, 79(3), July 2012, 1175-1207 Web Appendix B, Web Appendix C (an earlier version under stlightly different title is CEPR DP8455)

• Risk in Dynamic Arbitrage: Price Effects of Convergence Trading
  Journal of Finance, 64(2), April 2009, 638-658 Winner of the Smith BreedenFirst Prize for the Best Paper in asset pricing on the Journal of Finance in 2009.

Education

• Doctor of Philosophy (PhD) The London School of Economics and Political Science (LSE) (2002 — 2006)
• Master of Arts (M.A.) Central European University (2001 — 2002)
• Rajk László College for Advanced Studies (1997 — 2001)
• Bachelor's degree Corvinus University of Budapest (1996 — 2001)

Companies

• Professor in Finance The London School of Economics and Political Science (LSE) (2019)
• Associate Professor in Finance The London School of Economics and Political Science (LSE) (2015)
• Associate Professor in Economics Central European University (2012 — 2017)
• Assistant Professor in Economics Central European University (2008 — 2012)
• Assistant Professor in Finance The University of Chicago Booth School of Business (2006 — 2008)