Phil Dybvig

Some current and recent papers of mine

publications:

"Consensus in Diverse Corporate Boards," with Nina Baranchuk, Review of Financial Studies 22, 2009, 715-747.

"Portfolio Performance and Agency," with Heber Farnsworth and Jennifer Carpenter, Review of Financial Studies 23, 1-23.

"Lifetime Consumption and Investment: Retirement and Constrained Borrowing," with Hong Liu, Journal of Economic Theory 145, 2010, 885-907.

"Renegotiation-proof Contracting, Disclosure, and Incentives for Efficient Investment," with Nina Baranchuk and Jun Yang, Journal of Economic Theory, forthcoming.

working papers:

"Increases in Risk Aversion and the Distribution of Portfolio Payoffs," with Yajun Wang

"Money Grab in China," with Cao Yingxue and Joseph Qiu (preliminary, may not be completed because my main co-author is now working at Deutsche Bank and does not have any time to work on this)

"Operating Efficiency and Corporate Governance," with Mitch Waretchka

"Optimal Casualty Insurance, Repair, and Regulation in the Presence of a Securities Market," with An Chen

"Screening of Possibly Incompetent Agents," with Nina Baranchuk

"Verification Theorems for Investments Problems with and without Endogenous Retirement," with Hong Liu

"High Hopes and Disappointments" with Chris Rogers (preliminary)

talk (no paper)

"International Origins of the Financial Crisis"

work in progress

"What is the Optimal Probability of Default for an Insurance Fund?" with Carole Bernard