Craig Pirrong

University of Houston - Department of Finance

Houston, TX 77204

United States

SCHOLARLY PAPERS

26

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CITATIONS
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55

Scholarly Papers (26)

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 2,077 (6,528)
Citation 14

Abstract:

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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 affiliation not provided to SSRN
Downloads 1,282 (14,417)
Citation 17

Abstract:

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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 1,150 (17,055)
Citation 3

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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 1,062 (19,212)
Citation 4

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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 571 (45,639)
Citation 2

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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 428 (65,497)
Citation 3

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 420 (66,956)
Citation 1

Abstract:

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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, 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 402 (70,618)
Citation 1

Abstract:

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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 346 (84,096)
Citation 3

Abstract:

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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 205 (144,983)
Citation 3

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11.

The Inefficiency of Clearing Mandates

Number of pages: 40 Posted: 19 Nov 2010
Craig Pirrong
University of Houston - Department of Finance
Downloads 197 (150,447)
Citation 1

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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 187 (157,859)

Abstract:

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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 138 (204,497)
Citation 1

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 134 (209,399)

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 105 (250,898)

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 87 (283,590)
Citation 2

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, Department of Finance and University of Houston - Department of Finance
Downloads 53 (370,080)

Abstract:

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

18.

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 50 (379,641)

Abstract:

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

19.

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 48 (386,327)

Abstract:

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Cross-Section, Skewness Risk, Kurtosis Risk, Portfolio

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 8 (579,644)
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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 (585,641)
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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 (604,554)
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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 (612,011)
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24.

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

25.

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

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26.

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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