Craig Pirrong

University of Houston - Department of Finance

Houston, TX 77204

United States

SCHOLARLY PAPERS

27

DOWNLOADS
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Top 5,843

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9,555

SSRN CITATIONS
Rank 11,625

SSRN RANKINGS

Top 11,625

in Total Papers Citations

32

CROSSREF CITATIONS

73

Scholarly Papers (27)

1.

The Economics of Clearing in Derivatives Markets: Netting, Asymmetric Information, and the Sharing of Default Risks Through a Central Counterparty

Number of pages: 78 Posted: 11 Feb 2009
Craig Pirrong
University of Houston - Department of Finance
Downloads 2,241 (8,340)
Citation 56

Abstract:

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derivatives, default risk, counterparty risk, clearing

2.

The Price of Power - the Valuation of Power and Weather Derivatives

Number of pages: 43 Posted: 03 Mar 2002
Craig Pirrong and Martin Jermakyan
University of Houston - Department of Finance and RACS International, LLC
Downloads 1,316 (19,354)
Citation 14

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3.

Regulate OTC Derivatives by Deregulating Them

Regulation, Vol. 32, No. 3, pp. 30-41, Fall 2009, UCLA School of Law, Law-Econ Research Paper No. 09-22
Number of pages: 12 Posted: 12 Oct 2009 Last Revised: 01 Nov 2009
Cornell Law School - Jack G. Clarke Business Law Institute (deceased), UC Riverside, American Enterprise Institute (AEI) and University of Houston - Department of Finance
Downloads 1,187 (22,608)
Citation 5

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OTC derivatives, derivatives, Irwin v. Williar, CDS, speculation, Commodities Futures Modernization Act

4.

Momentum in Futures Markets

Number of pages: 50 Posted: 23 Feb 2005
Craig Pirrong
University of Houston - Department of Finance
Downloads 1,174 (22,975)
Citation 25

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asset pricing, momentum

5.

The Clearinghouse Cure

Regulation, Vol. 31, No. 4, Winter 2008-2009
Number of pages: 8 Posted: 19 Feb 2009
Craig Pirrong
University of Houston - Department of Finance
Downloads 598 (58,123)
Citation 1

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finance, regulation, subprime mortgage, financial crisis, credit default swaps, CDS, clearinghouse, systemic risk, capital markets, market reform, risk-sharing, derivative, default risk, bilateral market

6.

Stochastic Fundamental Volatility, Speculation, and Commodity Storage

Number of pages: 26 Posted: 11 Feb 2009
Craig Pirrong
University of Houston - Department of Finance
Downloads 461 (80,263)
Citation 9

Abstract:

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commodity prices, speculation, storage

7.

The Valuation of Power Options in a Pirrong-Jermakyan Model

Number of pages: 40 Posted: 13 Dec 2005
Craig Pirrong
University of Houston - Department of Finance
Downloads 425 (88,359)
Citation 6

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electricity, options, derivatives, power

8.

Supreme Court Amicus Brief Regarding Morgan Stanley Capital Group Inc. v. Public Utility District No. 1 of Snohomish County, Washington

AEI-Brookings Joint Center Brief No. 07-02
Number of pages: 49 Posted: 02 Dec 2007
New York University - Stern School of Business, Berkley Center for Entrepreneurial Studies, Tuck School of Business, Dartmouth College, affiliation not provided to SSRN, Ohio State University (OSU) - Department of Finance, University of Southern California, Department of Economics, Massachusetts Institute of Technology (MIT) - Department of Economics, Technology Policy Institute, Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Harvard Kennedy School (HKS), Harvard University - Harvard Kennedy School (HKS), University of Pennsylvania - Operations & Information Management Department, California State University, Fullerton - Department of Economics, Stanford University, University of Houston - Department of Finance, Boston University - Questrom School of Business, Harvard Law School, Chapman University - Economic Science Institute, affiliation not provided to SSRN, Princeton University - Princeton School of Public and International Affairs and University of California, Berkeley - Economic Analysis & Policy Group
Downloads 416 (90,491)

Abstract:

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9.

Upstairs, Downstairs: Electronic vs. Open Outcry Exchanges

Number of pages: 41 Posted: 07 Aug 2003
Craig Pirrong
University of Houston - Department of Finance
Downloads 352 (109,502)
Citation 2

Abstract:

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Securities market structure, financial exchanges

10.

The Inefficiency of Clearing Mandates

Number of pages: 40 Posted: 19 Nov 2010
Craig Pirrong
University of Houston - Department of Finance
Downloads 210 (185,471)
Citation 10

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11.

Third Markets and the Second Best

Number of pages: 47 Posted: 16 Oct 2000
Craig Pirrong
University of Houston - Department of Finance
Downloads 210 (185,471)
Citation 3

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12.

No Theory? No Evidence? No Problem!

Regulation, Vol. 33, No. 2, p. 38, Summer 2010
Number of pages: 7 Posted: 29 Jun 2010
Craig Pirrong
University of Houston - Department of Finance
Downloads 193 (200,336)
Citation 2

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13.

The Thirty Years War

Regulation, Forthcoming
Number of pages: 8 Posted: 10 Aug 2005
Craig Pirrong
University of Houston - Department of Finance
Downloads 157 (239,402)

Abstract:

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Securities and Exchange Commission, Regulation NMS, trade-through rule, Order Protection Rule, Access Rule, New York Stock Exchange, SEC, NYSE

14.

Clearing Up Misconceptions on Clearing

Regulation, Vol. 31, No. 3, Fall 2008
Number of pages: 7 Posted: 28 Oct 2008
Craig Pirrong
University of Houston - Department of Finance
Downloads 143 (258,211)

Abstract:

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clearing, securities, derivatives, finances, financial market, regulation, exchanges, transactions, vertical integration, efficiency

15.

The Economics of the Manipulation End Game with Private Information About Positions

Number of pages: 41 Posted: 11 Feb 2009
Craig Pirrong
University of Houston - Department of Finance
Downloads 112 (309,696)

Abstract:

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futures markets, manipulation

16.

Bund for Glory, or, it's a Long Way to Tip a Market

Number of pages: 58 Posted: 25 Feb 2005
Craig Pirrong
University of Houston - Department of Finance
Downloads 99 (336,504)
Citation 4

Abstract:

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market microstructure, LIFFE, Eurex

17.

Supply, Demand, and Risk Premiums in Electricity Markets

Number of pages: 64 Posted: 11 Nov 2017
Kris Jacobs, Yu Li and Craig Pirrong
University of Houston - C.T. Bauer College of Business, University of Houston, C.T. Bauer College of Business and University of Houston - Department of Finance
Downloads 85 (372,982)
Citation 1

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Electricity Futures; Economic Determinants; Supply; Demand; Risk Premium; Unspanned Risk

18.

The Risk of Skewness and Kurtosis in Oil Market and the Cross-Section of Stock Returns

Number of pages: 40 Posted: 10 May 2018 Last Revised: 27 May 2018
Nima Ebrahimi and Craig Pirrong
University of Houston-Department of Finance and University of Houston - Department of Finance
Downloads 78 (389,547)
Citation 1

Abstract:

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Cross-Section, Skewness Risk, Kurtosis Risk, Portfolio

19.

The Fundamental, Speculative and Macroeconomic Determinants of Variance and Skew Risk Premia in Oil Market

Number of pages: 46 Posted: 10 May 2018
Craig Pirrong and Nima Ebrahimi
University of Houston - Department of Finance and University of Houston-Department of Finance
Downloads 74 (401,269)

Abstract:

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Variance Risk, Skewness Risk, Option-Implied Momemnts, Oil Fundamentals, Macroeconomic, Speculative

20.

Clearing and Collateral Mandates: A New Liquidity Trap?

Journal of Applied Corporate Finance, Vol. 24, Issue 1, pp. 67-73, 2012
Number of pages: 9 Posted: 25 Mar 2012
Craig Pirrong
University of Houston - Department of Finance
Downloads 10 (726,448)
Citation 2
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21.

Derivatives Clearing Mandates: Cure or Curse?

Journal of Applied Corporate Finance, Vol. 22, Issue 3, pp. 48-55, Summer 2010
Number of pages: 10 Posted: 04 Oct 2010
Craig Pirrong
University of Houston - Department of Finance
Downloads 7 (750,276)
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22.

Liquefying a Market: The Transition of LNG to a Traded Commodity

Journal of Applied Corporate Finance, Vol. 29, Issue 1, pp. 86-92, 2017
Number of pages: 9 Posted: 12 Apr 2017
Craig Pirrong
University of Houston - Department of Finance
Downloads 4 (773,539)
Citation 2
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23.

Pick Your Poison — Fragmentation or Market Power? An Analysis of Regnms, High Frequency Trading, and Securities Market Structure

Journal of Applied Corporate Finance, Vol. 26, Issue 2, pp. 8-14, 2014
Number of pages: 9 Posted: 09 Jul 2014
Craig Pirrong
University of Houston - Department of Finance
Downloads 3 (781,486)
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24.

Will Blockchain Be a Big Deal? Reasons for Caution

Journal of Applied Corporate Finance, Vol. 31, Issue 4, pp. 98-104, 2019
Number of pages: 9 Posted: 27 May 2020
Craig Pirrong
University of Houston - Department of Finance
Downloads 0 (819,697)
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25.

Securities Market Macrostructure: Property Rights and the Efficiency of Securities Trading

The Journal of Law, Economics, and Organization, Vol. 18, No. 2, pp. 385-410, 2002
Posted: 30 Jun 2002
Craig Pirrong
University of Houston - Department of Finance

Abstract:

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securities market structure, financial exchanges

26.

A Theory of Financial Exchange Organization

Posted: 10 Jul 2000
Craig Pirrong
University of Houston - Department of Finance

Abstract:

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27.

A Positive Theory of Financial Exchange Organization with Normative Implications for Financial Market Regulation

Posted: 06 Oct 1998
Craig Pirrong
University of Houston - Department of Finance

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