Craig Pirrong

University of Houston - Department of Finance

Houston, TX 77204

United States

SCHOLARLY PAPERS

27

DOWNLOADS
Rank 4,823

SSRN RANKINGS

Top 4,823

in Total Papers Downloads

9,241

SSRN CITATIONS
Rank 11,121

SSRN RANKINGS

Top 11,121

in Total Papers Citations

27

CROSSREF CITATIONS

72

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 2,155 (7,176)
Citation 49

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 affiliation not provided to SSRN
Downloads 1,292 (16,364)
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 1,169 (19,050)
Citation 4

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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 1,099 (20,893)
Citation 22

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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 584 (50,282)
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 444 (70,748)
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 423 (74,986)
Citation 5

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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 406 (78,729)

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 346 (94,620)
Citation 2

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 208 (160,080)
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 206 (161,496)
Citation 10

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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 188 (175,700)
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 146 (218,157)

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 137 (229,506)

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 109 (272,208)

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 92 (304,678)
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 73 (349,924)
Citation 1

Abstract:

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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 71 (355,339)
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 69 (360,937)

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 (633,825)
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 (655,270)
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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 (677,316)
Citation 1
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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 (685,581)
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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 (726,205)
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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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