Dan Bernhardt

University of Illinois at Urbana-Champaign - Department of Economics

Professor

1206 South Sixth Street

Champaign, IL 61820

United States

SCHOLARLY PAPERS

69

DOWNLOADS
Rank 4,378

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Top 4,378

in Total Papers Downloads

11,513

SSRN CITATIONS
Rank 3,555

SSRN RANKINGS

Top 3,555

in Total Papers Citations

171

CROSSREF CITATIONS

214

Scholarly Papers (69)

1.
Downloads 1,122 ( 23,415)
Citation 29

Who Herds?

University of Illinois Working Paper, AFA 2006 Boston Meetings Paper
Number of pages: 35 Posted: 18 Mar 2005
Dan Bernhardt, Murillo Campello and Edward Kutsoati
University of Illinois at Urbana-Champaign - Department of Economics, Cornell University - Samuel Curtis Johnson Graduate School of Management and Tufts University - Department of Economics
Downloads 1,122 (23,046)
Citation 29

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Who Herds?

Journal of Financial Economics, Forthcoming
Posted: 06 Mar 2006
Dan Bernhardt, Murillo Campello and Edward Kutsoati
University of Illinois at Urbana-Champaign - Department of Economics, Cornell University - Samuel Curtis Johnson Graduate School of Management and Tufts University - Department of Economics

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Earnings forecasting, Financial analysts, Herding, Econometric test, Contrarian behavior

2.

The Dynamics of Earnings Forecast Management

University of Illinois Working Paper
Number of pages: 32 Posted: 26 Mar 2003
Dan Bernhardt and Murillo Campello
University of Illinois at Urbana-Champaign - Department of Economics and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 954 (29,638)
Citation 9

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Analysts consensus, forecast errors, earnings management

3.

Analyst Compensation and Forecast Bias

Tufts University, Department of Economics Working Paper No. 99-09
Number of pages: 27 Posted: 20 Sep 1999
Dan Bernhardt, Murillo Campello and Edward Kutsoati
University of Illinois at Urbana-Champaign - Department of Economics, Cornell University - Samuel Curtis Johnson Graduate School of Management and Tufts University - Department of Economics
Downloads 820 (36,578)
Citation 5

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4.

Political Polarization and the Electoral Effects of Media Bias

CESifo Working Paper Series No. 1798
Number of pages: 35 Posted: 27 Mar 2006
Dan Bernhardt, Stefan Krasa and Mattias Polborn
University of Illinois at Urbana-Champaign - Department of Economics, University of Illinois at Urbana-Champaign - Department of Economics and Vanderbilt University - College of Arts and Science - Department of Economics
Downloads 674 (47,756)
Citation 20

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Media bias, polarization, information aggregation, democracy

5.
Downloads 665 ( 48,594)
Citation 11

Smart Fund Managers? Stupid Money?

Number of pages: 37 Posted: 10 May 2004 Last Revised: 07 Aug 2008
Dan Bernhardt and Ryan J. Davies
University of Illinois at Urbana-Champaign - Department of Economics and Babson College - Finance Division
Downloads 661 (48,297)

Abstract:

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turn-of-quarter effect, painting the tape, mutual fund performance, investment distortion

Smart Fund Managers? Stupid Money?

Canadian Journal of Economics, Vol. 42, Issue 2, pp. 719-748, May 2009
Number of pages: 30 Posted: 27 Apr 2009
Dan Bernhardt and Ryan J. Davies
University of Illinois at Urbana-Champaign - Department of Economics and Babson College - Finance Division
Downloads 4 (781,100)
Citation 2
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Smart Fund Managers? Stupid Money?

Canadian Journal of Economics, Forthcoming
Posted: 12 Aug 2008
Dan Bernhardt and Ryan J. Davies
University of Illinois at Urbana-Champaign - Department of Economics and Babson College - Finance Division

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turn-of-quarter effect, painting the tape, mutual fund performance, investment distortion

6.

Financial Speculators' Underperformance: Learning, Self-Selection, and Provision of Liquidity

Number of pages: 42 Posted: 16 Sep 2005
Reza S. Mahani and Dan Bernhardt
Georgia Tech Finance/Scheller and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 465 (76,275)
Citation 3

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7.

The Dynamics of Chapter 11 Bankruptcy

Number of pages: 34 Posted: 22 Apr 1998
Dan Bernhardt and Dennis Lu
University of Illinois at Urbana-Champaign - Department of Economics and Competition Bureau
Downloads 464 (76,437)
Citation 2

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8.

Corporate Tournaments, Human Capital Acquisition, and the Firm Size-Wage Relation

Number of pages: 35 Posted: 29 Sep 2000
Jan Zabojnik and Dan Bernhardt
Queen's University - Department of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 390 (93,590)
Citation 12

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Corporate tournaments, Wage dispersion, Human capital investment

9.

Adverse Selection and the Timing of Equity Issues

Number of pages: 26 Posted: 18 Jan 1998
Denise Tambanis and Dan Bernhardt
Charles River Associates (CRA) and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 379 (96,800)
Citation 1

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10.

Trade-Time Measures of Liquidity

The Review of Financial Studies (32)1, 126-179
Number of pages: 67 Posted: 20 Mar 2016 Last Revised: 18 Dec 2020
Yashar H. Barardehi, Dan Bernhardt and Ryan J. Davies
Chapman University - The George L. Argyros School of Business & Economics, University of Illinois at Urbana-Champaign - Department of Economics and Babson College - Finance Division
Downloads 359 (102,962)
Citation 3

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Liquidity, Trading costs, Trade time, Liquidity premium

11.
Downloads 352 (105,212)
Citation 37

A Theory of State Censorship

APSA 2012 Annual Meeting Paper
Number of pages: 30 Posted: 13 Jul 2012 Last Revised: 29 Jul 2012
Mehdi Shadmehr and Dan Bernhardt
University of North Carolina (UNC) at Chapel Hill - Department of Public Policy and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 290 (129,093)
Citation 18

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Censorship, Media, Freedom of Press, Dictatorship, Revolution, Protest, Communication Technology, Internet

A Theory of State Censorship

Number of pages: 29 Posted: 19 Jul 2012 Last Revised: 20 Jul 2012
Mehdi Shadmehr and Dan Bernhardt
University of North Carolina (UNC) at Chapel Hill - Department of Public Policy and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 62 (430,717)
Citation 4

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Censorship, Media Freedom, Public Signal, Information Manipulation, Protest, Revolution, Regime Change

12.
Downloads 333 (111,991)
Citation 5

The Reluctant Analyst

Number of pages: 60 Posted: 14 Mar 2016 Last Revised: 15 Mar 2016
Dan Bernhardt, Zhijie Xiao and Chi Wan
University of Illinois at Urbana-Champaign - Department of Economics, Boston College - Department of Finance and Department of Economics and University of Massachusetts Boston - Department of Accounting and Finance
Downloads 333 (111,270)
Citation 5

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Financial Analysts, Recommendation Revisions, Recommendation Stickiness, Asymmetric Frictions, Duration, MCMC

The Reluctant Analyst

Journal of Accounting Research, Vol. 54, No. 4, 2016
Posted: 27 Apr 2017
Dan Bernhardt, Zhijie Xiao and Chi Wan
University of Illinois at Urbana-Champaign - Department of Economics, Boston College - Department of Finance and Department of Economics and University of Massachusetts Boston - Department of Accounting and Finance

Abstract:

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Financial Analysts, Recommendation Revisions, Recommendation Stickiness, Asymmetric Frictions, Duration, MCMC

13.

The Night and Day of Amihud's (2002) Liquidity Measure

The Review of Asset Pricing Studies 11 (2), 269-308
Number of pages: 57 Posted: 26 Feb 2019 Last Revised: 12 Jul 2021
Chapman University - The George L. Argyros School of Business & Economics, University of Illinois at Urbana-Champaign - Department of Economics, Carnegie Mellon University - Department of Accounting and Claremont McKenna College - Robert Day School of Economics and Finance
Downloads 314 (119,242)
Citation 4

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Amihud (2002), Liquidity Premia, Overnight Returns, Non-synchronous Trading

14.

Survival of the Unfittest: How Dodos Become Managers

Tufts University Working Paper
Number of pages: 38 Posted: 12 Dec 2002
Dan Bernhardt, Edward Kutsoati and Eric N. Hughson
University of Illinois at Urbana-Champaign - Department of Economics, Tufts University - Department of Economics and Claremont McKenna College - Robert Day School of Economics and Finance
Downloads 299 (125,697)

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Structure of firm hierarchy, noisy evaluation, skills acquisition

Point Shaving in College Basketball: A Cautionary Tale for Forensic Economics

Number of pages: 22 Posted: 26 Jul 2007 Last Revised: 29 Aug 2008
Steven L. Heston and Dan Bernhardt
University of Maryland - Department of Finance and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 278 (134,976)
Citation 1

Abstract:

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pointshaving, gambling, forensic economics

Point Shaving in College Basketball: A Cautionary Tale for Forensic Economics

Economic Inquiry, Vol. 48, Issue 1, pp. 14-25, January 2010
Number of pages: 12 Posted: 26 Jan 2010
Dan Bernhardt and Steven L. Heston
University of Illinois at Urbana-Champaign - Department of Economics and University of Maryland - Department of Finance
Downloads 3 (790,101)
Citation 1
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16.

Product Customization

Number of pages: 33 Posted: 13 Oct 2005
Dan Bernhardt, Qihong Liu and Konstantinos Serfes
University of Illinois at Urbana-Champaign - Department of Economics, University of Oklahoma - Department of Economics and Drexel University
Downloads 264 (143,046)

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Product customization, Information acquisition, Brand name effects, Horizontal differentiation

17.

Uncovering the impacts of endogenous liquidity consumption in intraday trading patterns

Number of pages: 55 Posted: 10 Jul 2018 Last Revised: 08 Jul 2021
Yashar H. Barardehi and Dan Bernhardt
Chapman University - The George L. Argyros School of Business & Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 258 (146,396)
Citation 3

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trading activity, trade time, calendar time, aggregation, volatility, price impacts, liquidity

18.

The Impact of Nonsynchronous Trading on Differences in Portfolio Cross-Autocorrelations

Number of pages: 31 Posted: 18 Apr 2007 Last Revised: 03 Sep 2008
Dan Bernhardt and Ryan J. Davies
University of Illinois at Urbana-Champaign - Department of Economics and Babson College - Finance Division
Downloads 253 (149,259)
Citation 3

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portfolio returns, autocorrelation, non-synchronous trading, market efficiency

Long-Term Information, Short-Lived Securities

Number of pages: 42 Posted: 17 Oct 2003
Dan Bernhardt, Ryan J. Davies and John Spicer
University of Illinois at Urbana-Champaign - Department of Economics, Babson College - Finance Division and European Economic Research Ltd.
Downloads 223 (168,208)
Citation 2

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Private information, Derivative securities, Rolling the hedge, Fixed transaction costs

Long-Term Information, Short-Lived Securities

Journal of Futures Markets, Vol. 26, No. 5, pp. 465-502, 2006
Posted: 08 Sep 2005
Dan Bernhardt, Ryan J. Davies and John Spicer
University of Illinois at Urbana-Champaign - Department of Economics, Babson College - Finance Division and European Economic Research Ltd.

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Private information, Derivative securities, Rolling the hedge, Fixed transaction costs

20.

Endogenous ATM Networks and Pricing

Number of pages: 32 Posted: 07 May 2006
Dan Bernhardt and Nadia Massoud
University of Illinois at Urbana-Champaign - Department of Economics and Melbourne Business School, University of Melbourne
Downloads 206 (181,647)
Citation 9

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ATMs, ATM surcharges, ATM network , Retail payment system

University Competition, Grading Standards and Grade Inflation

Economic Inquiry, Forthcoming
Number of pages: 27 Posted: 06 Nov 2010 Last Revised: 15 May 2012
Sergey V. Popov and Dan Bernhardt
Cardiff University - Cardiff Business School and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 186 (199,230)
Citation 3

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grading standards, grading inflation, information

University Competition, Grading Standards, and Grade Inflation

Economic Inquiry, Vol. 51, Issue 3, pp. 1764-1778, 2013
Number of pages: 15 Posted: 07 May 2013
Sergey V. Popov and Dan Bernhardt
Cardiff University - Cardiff Business School and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 2 (800,938)
Citation 3
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22.

Fraternities and Labor Market Outcomes

American Economic Journal: Microeconomics, Vol, 4, No. 1, 2012
Number of pages: 38 Posted: 12 Jun 2008 Last Revised: 29 Feb 2012
Sergey V. Popov and Dan Bernhardt
Cardiff University - Cardiff Business School and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 149 (240,603)

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self-selection, screening, fraternities, statistical discrimination

Different Problem, Same Solution: Contract-Specialization in Venture Capital

Number of pages: 44 Posted: 14 Mar 2012
Ola Bengtsson and Dan Bernhardt
Lund University School of Economics and Management and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 134 (262,848)
Citation 5

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Venture Capital, Financial Contracting, Learning

Different Problem, Same Solution: Contract‐Specialization in Venture Capital

Journal of Economics & Management Strategy, Vol. 23, Issue 2, pp. 396-426, 2014
Number of pages: 31 Posted: 05 Apr 2014
Ola Bengtsson and Dan Bernhardt
Lund University School of Economics and Management and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 0
Citation 2
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Collective Action with Uncertain Payoffs: Coordination, Public Signals and Punishment Dilemmas

APSA 2011 Annual Meeting Paper
Number of pages: 53 Posted: 01 Aug 2011 Last Revised: 11 Mar 2014
Mehdi Shadmehr and Dan Bernhardt
University of North Carolina (UNC) at Chapel Hill - Department of Public Policy and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 90 (347,549)
Citation 12

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collective action, coordination, payoff uncertainty, protests, revolutions, repression, punishment dilemma, punishment puzzle, protest-repression nexus, public signals, strategic complements, strategic substitutes, global games.

Collective Action with Uncertain Payoffs: Coordination, Public Signals and Punishment Dilemmas

Number of pages: 56 Posted: 11 Oct 2010
Dan Bernhardt and Mehdi Shadmehr
University of Illinois at Urbana-Champaign - Department of Economics and University of North Carolina (UNC) at Chapel Hill - Department of Public Policy
Downloads 44 (504,100)
Citation 1

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25.

Discrete Pricing and the Design of Dealership Markets

Number of pages: 38 Posted: 20 May 1997
Dan Bernhardt and Eric N. Hughson
University of Illinois at Urbana-Champaign - Department of Economics and Claremont McKenna College - Robert Day School of Economics and Finance
Downloads 134 (261,888)
Citation 1

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26.

Cladistic Asset Pricing

Number of pages: 47 Posted: 25 Aug 2004
Bart Taub, Dan Bernhardt and Peter Seiler
University of Illinois at Urbana-Champaign - Department of Economics, University of Illinois at Urbana-Champaign - Department of Economics and University of Illinois at Urbana-Champaign - Department of Mechanical Engineering
Downloads 129 (269,451)
Citation 1

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27.

Competitive Franchising

Number of pages: 30 Posted: 30 Jun 2008
Brett Graham and Dan Bernhardt
Wang Yanan institute for Studies in Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 125 (275,892)

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spatial competition, multi-product oligopoly, endogenous heterogeneity

28.

A Test of Speculative Arbitrage: Is the Cross-section of Volatility Invariant?

Number of pages: 38 Posted: 15 Jun 2017 Last Revised: 04 Jul 2019
Yashar H. Barardehi, Dan Bernhardt and Thomas Ruchti
Chapman University - The George L. Argyros School of Business & Economics, University of Illinois at Urbana-Champaign - Department of Economics and Carnegie Mellon University - Department of Accounting
Downloads 122 (280,976)
Citation 1

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microstructure, invariance, speculative arbitrage, trade time, volatility

29.

The Simple Analytics of Informed Finance

Number of pages: 23 Posted: 04 Nov 2005
Dan Bernhardt and Stefan Krasa
University of Illinois at Urbana-Champaign - Department of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 121 (282,670)
Citation 4

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venture capital, informed finance, contract theory,

30.

The Dynamics of Intraday Trade-time Outcomes

Number of pages: 49 Posted: 29 Sep 2016 Last Revised: 25 Jun 2018
Yashar H. Barardehi and Dan Bernhardt
Chapman University - The George L. Argyros School of Business & Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 113 (296,484)

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Trading Activity, Volatilty, Trade time, Time-of-Day Pattern, Liquidity

31.

Is There a Paradox of Pledgeability?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 13 Posted: 19 Nov 2019 Last Revised: 21 Apr 2020
Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia
University of Illinois at Urbana-Champaign - Department of Economics, University of York and University of Rochester - Simon Business School
Downloads 108 (306,045)
Citation 1

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Collateral, Secured debt, Pledgeability

32.

Trading Costs and Priced Illiquidity in High Frequency Trading Markets

Number of pages: 56 Posted: 09 Jun 2015
Yashar H. Barardehi, Dan Bernhardt and Ryan J. Davies
Chapman University - The George L. Argyros School of Business & Economics, University of Illinois at Urbana-Champaign - Department of Economics and Babson College - Finance Division
Downloads 107 (308,078)

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liquidity, bid-ask spreads, Amihud, trading costs

33.
Downloads 92 (339,937)

The Layoff Rat Race

Number of pages: 28 Posted: 02 Feb 2005
Dan Bernhardt and Steeve Mongrain
University of Illinois at Urbana-Champaign - Department of Economics and Simon Fraser University (SFU) - Department of Economics
Downloads 91 (345,069)

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Human capital, layoffs, unemployment

The Layoff Rat Race

Scandinavian Journal of Economics, Vol. 112, Issue 1, pp. 185-210, March 2010
Number of pages: 26 Posted: 10 Feb 2010
Dan Bernhardt and Steeve Mongrain
University of Illinois at Urbana-Champaign - Department of Economics and Simon Fraser University (SFU) - Department of Economics
Downloads 1 (814,249)
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34.

Costly Auction Entry, Royalty Payments, and the Optimality of Asymmetric Designs

Number of pages: 45 Posted: 27 Aug 2018 Last Revised: 31 Oct 2019
Dan Bernhardt, Tingjun Liu and Takeharu Sogo
University of Illinois at Urbana-Champaign - Department of Economics, The University of Hong Kong and SKEMA Business School
Downloads 88 (349,609)
Citation 1

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Auctions with Participation Costs, Security-Bid Auctions, Optimal Auctions, Asymmetric Auctions

35.

Gambling for Dollars: Strategic Hedge Fund Manager Investment

FRB of Chicago Working Paper No. 2013-23
Number of pages: 62 Posted: 15 Dec 2013
Dan Bernhardt and Ed Nosal
University of Illinois at Urbana-Champaign - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Atlanta
Downloads 88 (349,609)

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General Financial Markets: General (includes Measurement and Data), Other Private Financial Institutions, Financial Instruments, Institutional Investors

36.

Coordination Games with Strategic Delegation of Pivotality

Number of pages: 61 Posted: 22 Aug 2010 Last Revised: 27 Feb 2011
Mehdi Shadmehr and Dan Bernhardt
University of North Carolina (UNC) at Chapel Hill - Department of Public Policy and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 85 (357,048)
Citation 1

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Coordination Games, Global Games, Payoff Uncertainty, Strategic Substitutes, Strategic Complements, Public Signals, Non-monotone Equilibria

37.

Oligopoly Learning Dynamics

Number of pages: 48 Posted: 14 Jan 2012
Dan Bernhardt and Bart Taub
University of Illinois at Urbana-Champaign - Department of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 78 (375,588)
Citation 3

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industry dynamics, uncertainty, learning, forecast errors, demand shocks, cost shocks, frequency domain, long-lived information

38.

Targeting Target Shareholders

Number of pages: 45 Posted: 29 Sep 2014
Dan Bernhardt, Tingjun Liu and Robert Marquez
University of Illinois at Urbana-Champaign - Department of Economics, The University of Hong Kong and University of California, Davis
Downloads 63 (421,575)
Citation 3

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takeovers, acquisitions, shareholder heterogeneity

39.

Blockholder Disclosure Thresholds and Hedge Fund Activism

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 41 Posted: 22 Mar 2021
Guillem Ordonez-Calafi and Dan Bernhardt
University of Bristol and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 58 (438,999)

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Hedge fund activism, blockholder disclosure thresholds, informed trading, investor activism.

40.

Vanguards in Revolution

Number of pages: 44 Posted: 09 Aug 2017 Last Revised: 08 Sep 2017
Mehdi Shadmehr and Dan Bernhardt
University of North Carolina (UNC) at Chapel Hill - Department of Public Policy and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 40 (512,686)
Citation 7

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Vanguard, Revolution, Radicalism, Coercion, Leninist Model, Early Riser Model

41.

Screening and Financial Contracting in the Face of Outside Competition

Number of pages: 37 Posted: 14 Jan 2012
Dan Bernhardt
University of Illinois at Urbana-Champaign - Department of Economics
Downloads 40 (512,686)

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screening, hidden information, entrepreneurial finance, outside competition, debt contracts, information acquisition

42.

Trial Incentives in Sequential Litigation

Number of pages: 35 Posted: 18 Jan 2012 Last Revised: 05 Sep 2012
Dan Bernhardt and Frances Xu
University of Illinois at Urbana-Champaign - Department of Economics and The University of Hong Kong
Downloads 39 (517,364)

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Trial, Settlement, Multiple Plaintiffs, Sequential Litigation, Learning

43.

A Vindication of Responsible Parties

Number of pages: 19 Posted: 16 Jul 2008
Dan Bernhardt, John Duggan and Francesco Squintani
University of Illinois at Urbana-Champaign - Department of Economics, University of Rochester - Department of Economics and University of Essex - Department of Economics
Downloads 35 (537,139)
Citation 7

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elections, policy motivation, platform divergence, symmetric equilibrium, existence, uniqueness

44.

The Pitfalls of Pledgeable Cash Flows: Soft Budget Constraints, Zombie Lending and Under-Investment

Number of pages: 30 Posted: 11 Mar 2021
Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia
University of Illinois at Urbana-Champaign - Department of Economics, University of York and University of Rochester - Simon Business School
Downloads 34 (542,397)

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Pledgeability, Investment Efficiency, Soft Budget Constraint, Asymmetric Information, Collateral, Zombie Lending, Under-Investment

45.

Nearsighted Justice

FRB of Cleveland Working Paper No. 03-04
Number of pages: 36 Posted: 31 Oct 2007
Dan Bernhardt and Ed Nosal
University of Illinois at Urbana-Champaign - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Atlanta
Downloads 33 (547,708)

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bankruptcy judge, moral hazard, adverse selection

46.

Demagogues in America: From the Revolution to the Second World War

Number of pages: 54 Posted: 29 May 2019
Dan Bernhardt, Stefan Krasa and Mehdi Shadmehr
University of Illinois at Urbana-Champaign - Department of Economics, University of Illinois at Urbana-Champaign - Department of Economics and University of North Carolina (UNC) at Chapel Hill - Department of Public Policy
Downloads 25 (594,820)

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Demagogues, Populism, Donald Trump, Huey Long, William Jennings Bryan, Andrew Jackson, Economic Recession, American Revolution

47.

Profiting from the Poor in Competitive Credit Markets With Adverse Selection

Number of pages: 35 Posted: 08 Jun 2020 Last Revised: 20 Jan 2021
Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia
University of Illinois at Urbana-Champaign - Department of Economics, University of York and University of Rochester - Simon Business School
Downloads 17 (649,861)

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Adverse selection, strictly positive profits, market breakdown

48.

Transparency and Stability

Number of pages: 20 Posted: 31 Oct 2018 Last Revised: 04 Aug 2021
Mehdi Shadmehr and Dan Bernhardt
University of North Carolina (UNC) at Chapel Hill - Department of Public Policy and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 16 (657,000)

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Transparency, Autocracy, Protest, Stability, Sun Spot Equilibrium, Coordination, Global Games, Beauty Contests

49.

Country Cartels

Number of pages: 25 Posted: 13 Oct 2014
Dan Bernhardt and Mahdi Rastad
University of Illinois at Urbana-Champaign - Department of Economics and Orfalea College of Business, California State Polytechnic University
Downloads 15 (664,333)

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Collusion, Oligopoly, Risk Aversion, International Oligopolies, OPEC

50.

Comparative Learning Dynamics

Number of pages: 35 Posted: 26 May 2004
James Bergin and Dan Bernhardt
Queen's University - Department of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 14 (671,759)
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51.

Separating Equilibria, Positive Profits and Security Design

Number of pages: 18 Posted: 28 Sep 2020
Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia
University of Illinois at Urbana-Champaign - Department of Economics, University of York and University of Rochester - Simon Business School
Downloads 11 (694,745)

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adverse selection, strictly positive profits, security design

52.

Preservation of Trade Secrets and Multinational Wage Premia

Economic Inquiry, Vol. 47, No. 4, pp. 726-738, October 2009
Number of pages: 13 Posted: 26 Oct 2009
Dan Bernhardt and Vladimir Dvoracek
University of Illinois at Urbana-Champaign - Department of Economics and University College of the Fraser Valley
Downloads 3 (757,243)
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53.

Collusion Under Risk Aversion and Fixed Costs

The Journal of Industrial Economics, Vol. 64, Issue 4, pp. 808-834, 2016
Number of pages: 27 Posted: 28 May 2020
Dan Bernhardt and Mahdi Rastad
University of Illinois at Urbana-Champaign - Department of Economics and affiliation not provided to SSRN
Downloads 0 (795,285)
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54.

Smart Fund Managers? Stupid Money? - Malins Gestionnaires De Fonds? Investisseurs Stupides?

Canadian Journal of Economics/Revue canadienne d'économique, Vol. 42, Issue 2, pp. 719-748, 2009
Number of pages: 30 Posted: 05 May 2020
Dan Bernhardt and Ryan J. Davies
University of Illinois at Urbana-Champaign - Department of Economics and Babson College - Finance Division
Downloads 0 (795,285)
Citation 1
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55.

Lawyers in Venture Capital Contracting: Theory and Evidence

Economic Inquiry, Vol. 52, Issue 3, pp. 1080-1102, 2014
Number of pages: 23 Posted: 09 May 2014
Ola Bengtsson and Dan Bernhardt
Lund University School of Economics and Management and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 0 (795,285)
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56.

Why Do Larger Orders Receive Discounts on the London Stock Exchange?

The Review of Financial Studies, Vol. 18, Issue 4, pp. 1343-1368, 2005
Posted: 29 Feb 2008
Dan Bernhardt, Vladimir Dvoracek and d M. Werner
University of Illinois at Urbana-Champaign - Department of Economics, University College of the Fraser Valley and affiliation not provided to SSRN

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brain metastases, HRQoL, stereotactic radiosurgery

57.

Painting the Tape: Aggregate Evidence

Economics Letters, Vol. 89, pp. 306-311, 2005
Posted: 08 Sep 2005
Dan Bernhardt and Ryan J. Davies
University of Illinois at Urbana-Champaign - Department of Economics and Babson College - Finance Division

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turn-of-quarter effect, painting the tape, mutual fund performance, investment distortion

58.

Informed Trading When Information Becomes Stale

Posted: 27 Oct 2004
Dan Bernhardt and Jianjun Miao
University of Illinois at Urbana-Champaign - Department of Economics and Boston University - Department of Economics

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59.

'Rip-Off' ATM Surcharges

Posted: 22 Jan 2002
Nadia Massoud and Dan Bernhardt
Melbourne Business School, University of Melbourne and University of Illinois at Urbana-Champaign - Department of Economics

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60.

Monitoring and Evaluation by Financiers

University of Illinois Working Paper No. 00-0115
Posted: 04 Oct 2000
Dan Bernhardt and Vladimir Dvoracek
University of Illinois at Urbana-Champaign - Department of Economics and University College of the Fraser Valley

Abstract:

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61.

Enterprise, Inequality and Economic Development

Posted: 09 Aug 2000
Huw Lloyd-Ellis and Dan Bernhardt
Queen's University - Department of Economics and University of Illinois at Urbana-Champaign - Department of Economics

Abstract:

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62.

'Rip?Off' ATM Surcharges

University of Illinois Working Paper #00-0102
Posted: 29 Jun 2000
Nadia Massoud and Dan Bernhardt
Melbourne Business School, University of Melbourne and University of Illinois at Urbana-Champaign - Department of Economics

Abstract:

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63.

The Distribution of Enterprise Structures in Transitional and Developing Economies

University of Illinois Office of Research Working Paper #99-0112
Posted: 27 Apr 2000
Dan Bernhardt and Tracey Belcourt
University of Illinois at Urbana-Champaign - Department of Economics and Bain & Company - Toronto Office

Abstract:

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64.

Industry Dynamics

University of Illinois Working Paper No. 99-0120
Posted: 10 Mar 2000
James Bergin and Dan Bernhardt
Queen's University - Department of Economics and University of Illinois at Urbana-Champaign - Department of Economics

Abstract:

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stochastic heterogeneity, aggregate shocks, social planner, exit, capital in place, thin markets

65.

Why Do Large Orders Receive Discounts on the London Stock Exchange?

Working Paper No. 99-0114
Posted: 23 Sep 1999
University of Illinois at Urbana-Champaign - Department of Economics, University College of the Fraser Valley, Claremont McKenna College - Robert Day School of Economics and Finance and The Ohio State University - Fisher College of Business

Abstract:

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66.

Why Do Multinationals in Poor Countries Pay High Wages?

Univ. of Illinois Office of Research Working Paper No. 99-0113
Posted: 14 Sep 1999
Dan Bernhardt and Vladimir Dvoracek
University of Illinois at Urbana-Champaign - Department of Economics and University College of the Fraser Valley

Abstract:

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67.

Investment and Insider Trading

REVIEW OF FINANCIAL STUDIES, Vol 8 No 2
Posted: 20 Dec 1998
Dan Bernhardt, Burton Hollifield and Eric N. Hughson
University of Illinois at Urbana-Champaign - Department of Economics, Carnegie Mellon University - David A. Tepper School of Business and Claremont McKenna College - Robert Day School of Economics and Finance

Abstract:

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68.

Stock Market Dynamics with Rational Liquidity Traders

Posted: 26 Jul 1998
Nadia Massoud and Dan Bernhardt
Melbourne Business School, University of Melbourne and University of Illinois at Urbana-Champaign - Department of Economics

Abstract:

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69.

Splitting Orders

REVIEW OF FINANCIAL STUDIES, Vol. 10 No. 1
Posted: 09 Apr 1997
Dan Bernhardt and Eric N. Hughson
University of Illinois at Urbana-Champaign - Department of Economics and Claremont McKenna College - Robert Day School of Economics and Finance

Abstract:

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