Publications

Market Liquidity, Asset Prices, and Welfare (with Jiang Wang, forthcoming, Journal of Financial Economics.)
Liquidity and Market Crashes (with Jiang Wang, 2008, forthcoming, Review of Financial Studies.)
Taxable and Tax-Deferred Investing: A Tax-Arbitrage Approach (2008, Review of Financial Studies, 21 (5), 2173-2207.)
Participation Costs and the Sensitivity of Fund Flows to Past Performance (with Kelsey Wei and Hong Yan, 2007, Journal of Finance, 62 (3), 1273-1311.)
The Tradeoff between Mortgage Prepayments and Tax-Deferred Retirement Savings (with Gene Amromin and Clemens Sialm, 2007, Journal of Public Economics, 91, 2014-2040.)
Are Stocks Desirable in Tax-Deferred Accounts? (with Lorenzo Garlappi, 2006, Journal of Public Economics, 90 (12), 2257-2283.)
Market Structure, Security Prices and Informational Efficiency (with Jiang Wang, 1997, Macroeconomic Dynamics, 1 (1), 169-205.)

Working Papers and Work in Progress

Risk Shifting and Mutual Fund Performance (with Clemens Sialm and Hanjiang Zhang, May 2008.)
Are ETFs Replacing Index Mutual Funds? (with Ilan Guedj, September 2008.)