Craig Pirrong

University of Houston - Department of Finance

Houston, TX 77204

United States

SCHOLARLY PAPERS

22

DOWNLOADS
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8,125

CITATIONS
Rank 8,187

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Top 8,187

in Total Papers Citations

56

Scholarly Papers (22)

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 1,609 (6,185)
Citation 15

Abstract:

derivatives, default risk, counterparty risk, clearing

2.

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

EFA 2002 Berlin Meetings Presented Paper
Number of pages: 43 Posted: 03 Mar 2002
Craig Pirrong and Martin Jermakyan
University of Houston - Department of Finance and ElectraPartners
Downloads 1,220 (11,475)
Citation 17

Abstract:

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, UC Riverside, American Enterprise Institute (AEI) and University of Houston - Department of Finance
Downloads 1,004 (14,159)
Citation 3

Abstract:

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

4.

Momentum in Futures Markets

EFA 2005 Moscow Meetings Paper
Number of pages: 50 Posted: 23 Feb 2005
Craig Pirrong
University of Houston - Department of Finance
Downloads 922 (16,791)
Citation 4

Abstract:

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 468 (41,577)
Citation 2

Abstract:

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.

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, California Institute of Technology - Division of the Humanities and Social Sciences, Massachusetts Institute of Technology (MIT) - Department of Economics, University of Oxford, Smith School, 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 - Woodrow Wilson School of Public and International Affairs and University of California, Berkeley - Economic Analysis & Policy Group
Downloads 386 (57,756)
Citation 1

Abstract:

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 386 (56,558)
Citation 1

Abstract:

electricity, options, derivatives, power

8.

Stochastic Fundamental Volatility, Speculation, and Commodity Storage

Number of pages: 26 Posted: 11 Feb 2009
Craig Pirrong
University of Houston - Department of Finance
Downloads 340 (58,795)
Citation 3

Abstract:

commodity prices, speculation, storage

9.

Upstairs, Downstairs: Electronic vs. Open Outcry Exchanges

EFA 2003 Annual Conference Paper No. 203
Number of pages: 41 Posted: 07 Aug 2003
Craig Pirrong
University of Houston - Department of Finance
Downloads 332 (68,796)
Citation 3

Abstract:

Securities market structure, financial exchanges

10.

Third Markets and the Second Best

Number of pages: 47 Posted: 16 Oct 2000
Craig Pirrong
University of Houston - Department of Finance
Downloads 196 (121,139)
Citation 3

Abstract:

11.

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 170 (135,749)

Abstract:

12.

The Inefficiency of Clearing Mandates

Number of pages: 40 Posted: 19 Nov 2010
Craig Pirrong
University of Houston - Department of Finance
Downloads 166 (133,056)
Citation 1

Abstract:

13.

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 119 (175,469)

Abstract:

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

14.

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 90 (219,298)

Abstract:

futures markets, manipulation

15.

The Thirty Years War

Regulation, Forthcoming
Number of pages: 8 Posted: 10 Aug 2005
Craig Pirrong
University of Houston - Department of Finance
Downloads 88 (208,982)
Citation 1

Abstract:

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

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 73 (248,088)
Citation 2

Abstract:

market microstructure, LIFFE, Eurex

17.

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 8 (485,740)

Abstract:

18.

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 (490,473)

Abstract:

19.

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 1 (513,855)

Abstract:

20.

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:

securities market structure, financial exchanges

21.

A Theory of Financial Exchange Organization

Journal of Law and Economics, Vol. 43, No. 2, October 2000
Posted: 10 Jul 2000
Craig Pirrong
University of Houston - Department of Finance

Abstract:

22.

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

Abstract: