Craig Pirrong

University of Houston - Department of Finance

Houston, TX 77204

United States

  • University of Houston - Department of Finance

SCHOLARLY PAPERS

22

DOWNLOADS
Rank 8,289

SSRN RANKINGS

Top 8,289

in Total Papers Downloads

10,668

SSRN CITATIONS
Rank 15,156

SSRN RANKINGS

Top 15,156

in Total Papers Citations

29

CROSSREF CITATIONS

71

Scholarly Papers (22)

Actions:
Email selected abstracts
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 2,429 (11,755)
Citation 56

Abstract:

Loading...

derivatives, default risk, counterparty risk, clearing

2.

Momentum in Futures Markets

Number of pages: 50 Posted: 23 Feb 2005
Craig Pirrong
University of Houston - Department of Finance
Downloads 1,374 (28,442)
Citation 25

Abstract:

Loading...

asset pricing, momentum

3.

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 1,360 (28,836)
Citation 17

Abstract:

Loading...

4.

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
Lynn A. Stout, Jean Helwege, Peter J. Wallison and Craig Pirrong
Cornell Law School - Jack G. Clarke Business Law Institute (deceased), UC Riverside, American Enterprise Institute (AEI) and University of Houston - Department of Finance
Downloads 1,241 (32,990)
Citation 5

Abstract:

Loading...

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

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 625 (83,909)
Citation 1

Abstract:

Loading...

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
William J. Baumol, Colin Blaydon, Charles J. Cicchetti, René M. Stulz, Jeffrey A Dubin, Franklin M. Fisher, Robert W. Hahn, Jerry A. Hausman, William W. Hogan, Joseph P. Kalt, Paul R. Kleindorfer, Robert J. Michaels, Bruce M. Owen, Craig Pirrong, Michael A. Salinger, Steven Shavell, Vernon L. Smith, James L. Sweeney, Robert Willig and Catherine Wolfram
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, Deceased, 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 Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 532 (102,785)

Abstract:

Loading...

7.

Stochastic Fundamental Volatility, Speculation, and Commodity Storage

Number of pages: 26 Posted: 11 Feb 2009
Craig Pirrong
University of Houston - Department of Finance
Downloads 519 (105,948)
Citation 9

Abstract:

Loading...

commodity prices, speculation, storage

8.

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 472 (118,784)
Citation 6

Abstract:

Loading...

electricity, options, derivatives, power

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 385 (150,397)
Citation 3

Abstract:

Loading...

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 251 (235,893)
Citation 10

Abstract:

Loading...

11.

Third Markets and the Second Best

Number of pages: 47 Posted: 16 Oct 2000
Craig Pirrong
University of Houston - Department of Finance
Downloads 228 (259,147)
Citation 3

Abstract:

Loading...

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 227 (260,216)
Citation 2

Abstract:

Loading...

13.

The Thirty Years War

Regulation, Forthcoming
Number of pages: 8 Posted: 10 Aug 2005
Craig Pirrong
University of Houston - Department of Finance
Downloads 184 (315,435)

Abstract:

Loading...

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

14.

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, Capital University of Economics and Business and University of Houston - Department of Finance
Downloads 163 (351,005)
Citation 1

Abstract:

Loading...

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

15.

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 162 (352,820)

Abstract:

Loading...

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

16.

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 147 (382,268)

Abstract:

Loading...

futures markets, manipulation

17.

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 141 (395,217)
Citation 1

Abstract:

Loading...

Cross-Section, Skewness Risk, Kurtosis Risk, Portfolio

18.

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 115 (462,025)
Citation 4

Abstract:

Loading...

market microstructure, LIFFE, Eurex

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 113 (468,145)

Abstract:

Loading...

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

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:

Loading...

securities market structure, financial exchanges

21.

A Theory of Financial Exchange Organization

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

Abstract:

Loading...

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:

Loading...