Papers

• Corporate Board Dynamics: Directors Voting for Directors. Journal of Economic Behavior and Organization, Forthcoming
  I propose a model in which corporate directors perform firm tasks (such as monitoring management) and elect new directors. Elections introduce a dynamic element -- the incumbent board's willingness to hire a candidate depends on how the candidate will vote in future hiring rounds. Lack of a commitment mechanism means directors do not always choose board compositions that maximize shareholder value. I use the model to analytically and numerically investigate the effects of stock exchange rules governing board composition and director elections. I find that the regulations benefit shareholders in a dynamic environment, but not in a static environment.

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• Consumer Protection with Consumer Inference, with Louis Silversin. Working Paper, 2012
• Corporate Board Dynamics: Board Response to Majority Outsider Regulation. Working Paper, 2009