Uday Rajan

Stephen M. Ross School of Business, University of Michigan

Professor of Finance

701 Tappan Street

Ann Arbor, MI 48109

United States

http://webuser.bus.umich.edu/urajan

SCHOLARLY PAPERS

34

DOWNLOADS
Rank 2,757

SSRN RANKINGS

Top 2,757

in Total Papers Downloads

13,924

SSRN CITATIONS
Rank 3,117

SSRN RANKINGS

Top 3,117

in Total Papers Citations

212

CROSSREF CITATIONS

174

Scholarly Papers (34)

1.

The Failure of Models that Predict Failure: Distance, Incentives and Defaults

Chicago GSB Research Paper No. 08-19
Number of pages: 46 Posted: 10 Nov 2008 Last Revised: 15 Aug 2010
Uday Rajan, Amit Seru and Vikrant Vig
Stephen M. Ross School of Business, University of Michigan, Stanford University and London Business School
Downloads 5,347 (1,495)
Citation 119

Abstract:

Loading...

Securitization, screening, incentives, subprime, defaults, mortgages, disintermediation, models, lucas critique, soft information, hard information, failure, predictability

2.

Personalized Pricing and Quality Differentiation

Carnegie Mellon U, GSIA Working Paper No. 2002-E7
Number of pages: 39 Posted: 12 Jun 2002
New York University (NYU) - Leonard N. Stern School of Business, University of California, Irvine - Information Systems Area, Stephen M. Ross School of Business, University of Michigan and Carnegie Mellon University - David A. Tepper School of Business
Downloads 676 (41,128)
Citation 11

Abstract:

Loading...

Personalized Pricing, Product Differentiation, Price Competition, Electronic Commerce

3.

Corporate Hedging, Investment and Value

EFA 2008 Athens Meetings Paper
Number of pages: 44 Posted: 19 Mar 2008 Last Revised: 26 Jan 2011
Board of Governors of the Federal Reserve System, University of Michigan, Stephen M. Ross School of Business and Stephen M. Ross School of Business, University of Michigan
Downloads 675 (41,292)
Citation 5

Abstract:

Loading...

Currency derivatives, firm value, underinvestment, debt capacity, cost of capital

4.

Equilibrium in a Dynamic Limit Order Market

EFA 2003 Annual Conference Paper No. 493
Number of pages: 40 Posted: 16 Jun 2003
University of Rochester - Simon School of Business, University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 609 (47,281)
Citation 67

Abstract:

Loading...

Limit order markets, computational

5.

Informed Traders and Limit Order Markets

Number of pages: 44 Posted: 29 Sep 2006 Last Revised: 12 Feb 2008
University of Rochester - Simon School of Business, University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 606 (47,582)
Citation 48

Abstract:

Loading...

limit order market, adverse selection, microstructure noise, asset pricing implications

6.

Cryptocurrencies: Stylized Facts on a New Investible Instrument

Number of pages: 27 Posted: 05 Jun 2018
Changsha Intelligent Driving Institute, University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 532 (56,195)
Citation 37

Abstract:

Loading...

cryptocurrencies, bitcoin, ico, initial coin offering, asset pricing

7.

Growth Option Exercise and Capital Structure

AFA 2013 San Diego Meetings Paper
Number of pages: 47 Posted: 17 Nov 2011 Last Revised: 01 Jan 2015
Amiyatosh Purnanandam and Uday Rajan
University of Michigan, Stephen M. Ross School of Business and Stephen M. Ross School of Business, University of Michigan
Downloads 482 (63,565)
Citation 5

Abstract:

Loading...

Growth Option, Capital Structure

8.

Competition in Loan Contracts

Number of pages: 33 Posted: 01 Dec 1998
Christine A. Parlour and Uday Rajan
University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 455 (68,231)
Citation 9

Abstract:

Loading...

9.

Competition between Internet Search Engines

Number of pages: 32 Posted: 21 Mar 2001
Carnegie Mellon University - David A. Tepper School of Business, Carnegie Mellon University - H. John Heinz III School of Public Policy and Management and Stephen M. Ross School of Business, University of Michigan
Downloads 442 (70,675)

Abstract:

Loading...

Vertical differentiation, search engine, residual demand, brand loyalty

10.

The Impact of Internet Referral Services on a Supply Chain

Information Systems Research, Forthcoming
Number of pages: 48 Posted: 27 Jan 2003
New York University (NYU) - Leonard N. Stern School of Business, Carnegie Mellon University - David A. Tepper School of Business and Stephen M. Ross School of Business, University of Michigan
Downloads 374 (86,089)
Citation 4

Abstract:

Loading...

Internet Referral Services, Electronic Markets, Price Dispersion, Franchise Fees, Discovery Costs, Electronic Intermediary, Digital Supply Chain

11.

Information Acquisition in a Limit Order Market

EFA 2005 Moscow Meetings Paper
Number of pages: 47 Posted: 07 Jan 2005
University of Rochester - Simon School of Business, University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 341 (95,594)
Citation 7

Abstract:

Loading...

adverse selection, allocative efficiency, informational efficiency, dynamic games, limit order market

Optimal Corporate Governance in the Presence of an Activist Investor

Number of pages: 54 Posted: 23 Mar 2009 Last Revised: 26 Jan 2011
Jonathan B. Cohn and Uday Rajan
University of Texas at Austin and Stephen M. Ross School of Business, University of Michigan
Downloads 257 (128,994)
Citation 5

Abstract:

Loading...

Corporate Governance, Board of Directors, Investor Activism, Reputational Concerns

Optimal Corporate Governance in the Presence of an Activist Investor

Forthcoming, Review of Financial Studies
Number of pages: 69 Posted: 18 Mar 2011 Last Revised: 09 May 2013
Jonathan B. Cohn and Uday Rajan
University of Texas at Austin and Stephen M. Ross School of Business, University of Michigan
Downloads 54 (411,829)
Citation 3

Abstract:

Loading...

13.

Payment for Order Flow

EFA 2001 Barcelona Meetings; GSIA Working Paper No. 2001-E7
Number of pages: 40 Posted: 08 Jun 2001
Christine A. Parlour and Uday Rajan
University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 305 (108,087)
Citation 5

Abstract:

Loading...

Market microstructure, competition in dealer markets

14.

On Multiple-Principal, Multiple-Agent Models of Moral Hazard

Number of pages: 10 Posted: 01 Jun 2005 Last Revised: 26 Aug 2009
Toulouse School of Economics, University of Rome Tor Vergata - Dept. of Economics and Finance, Universite du Luxembourg and Stephen M. Ross School of Business, University of Michigan
Downloads 292 (113,281)
Citation 4

Abstract:

Loading...

D82

15.

Equilibria in a Hotelling Model: First-Mover Advantage?

Ross School of Business Paper No. 1114
Number of pages: 38 Posted: 12 Jul 2008 Last Revised: 04 Sep 2009
Uday Rajan and Amitabh Sinha
Stephen M. Ross School of Business, University of Michigan and University of Michigan, Stephen M. Ross School of Business
Downloads 246 (135,427)

Abstract:

Loading...

Hotelling model, multinomial logit, first-mover advantage

16.

Winner's Curse: Theory and Experiments

GSIA Working Paper
Number of pages: 55 Posted: 24 Jan 2003
Jozef Stefan Institute, University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 242 (137,680)

Abstract:

Loading...

Experiments, rationing, common value auctions

17.

Rationing in Ipos

FEEM Working Paper No. 26.2003; GSIA Working Paper
Number of pages: 56 Posted: 10 Apr 2003
Christine A. Parlour and Uday Rajan
University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 231 (144,036)
Citation 36

Abstract:

Loading...

18.

Payment System Externalities

Ross School of Business Paper No. 1337
Number of pages: 38 Posted: 03 Jan 2017 Last Revised: 13 Jul 2020
University of California, Berkeley - Finance Group, Stephen M. Ross School of Business, University of Michigan and University of Lausanne
Downloads 223 (149,063)
Citation 4

Abstract:

Loading...

Payment Systems, Banks, Central Bank Digital Currency

19.

Portfolio Delegation with Limited Liability

GSIA Working Paper No. 2000-E16
Number of pages: 29 Posted: 08 Nov 2000
Sanjay Srivastava and Uday Rajan
Georgia State University-Robinson College of Business and Stephen M. Ross School of Business, University of Michigan
Downloads 223 (149,063)
Citation 8

Abstract:

Loading...

20.

Signaling Quality via Long Lines and Uninformative Prices

Chicago Booth Research Paper No. 12-13
Number of pages: 49 Posted: 03 Apr 2012 Last Revised: 18 Jun 2018
Dartmouth College - Tuck School of Business, Stephen M. Ross School of Business, University of Michigan and University of Pennsylvania - The Wharton School - Operations, Information and Decisions
Downloads 184 (178,083)
Citation 4

Abstract:

Loading...

21.

Rationing and Common Values

GSIA Working Paper No. 2001-E7
Number of pages: 32 Posted: 09 Jun 2001
Christine A. Parlour and Uday Rajan
University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 154 (207,576)
Citation 1

Abstract:

Loading...

common value auctions, rationing, winner's curse, IPO's

22.

When FinTech Competes for Payment Flows

Number of pages: 53 Posted: 24 Mar 2020 Last Revised: 02 Apr 2020
University of California, Berkeley - Finance Group, Stephen M. Ross School of Business, University of Michigan and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 149 (213,396)

Abstract:

Loading...

FinTech, BigTech, payment, competition, banks, credit market

23.

Contracting on Credit Ratings: Adding Value to Public Information

Number of pages: 49 Posted: 01 Nov 2014 Last Revised: 30 Jan 2019
Christine A. Parlour and Uday Rajan
University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 118 (255,833)
Citation 8

Abstract:

Loading...

credit rating, incomplete contract

24.

Signaling Quality Via Queues

Chicago Booth Research Paper No. 10-18
Number of pages: 40 Posted: 07 Apr 2010
Dartmouth College - Tuck School of Business, University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 105 (277,807)
Citation 7

Abstract:

Loading...

Queuing Game, Quality Signaling, Service Rate Selection

25.

Credit Ratings: Strategic Issuer Disclosure and Optimal Screening

Ross School of Business Paper No. 1214
Number of pages: 45 Posted: 27 Nov 2013 Last Revised: 26 Jul 2018
University of Texas at Austin, Stephen M. Ross School of Business, University of Michigan and University of Vienna - Department of Finance
Downloads 103 (281,495)
Citation 4

Abstract:

Loading...

credit rating, screening, strategic disclosure

26.

Robust Security Design

Ross School of Business Paper No. 1338
Number of pages: 44 Posted: 14 Jan 2017 Last Revised: 13 Dec 2018
Seokwoo Lee and Uday Rajan
University of Michigan at Ann Arbor, Stephen M. Ross School of Business, Finance and Stephen M. Ross School of Business, University of Michigan
Downloads 100 (287,104)
Citation 5

Abstract:

Loading...

Optimal Security Design, Robustness, Moral Hazard, Ambiguity aversion, limited liability, optimal contract

27.

Competition, Managerial Slack, and Corporate Governance

Number of pages: 44 Posted: 22 Mar 2011 Last Revised: 22 Oct 2014
Washington University in St. Louis, Department of Economics, University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 97 (292,870)
Citation 4

Abstract:

Loading...

Managerial Slack, Competition, Agency Cost

28.

Inferring Quality from a Queue

Chicago Booth Research Paper No. 09-26
Number of pages: 34 Posted: 13 Dec 2005 Last Revised: 02 Sep 2009
Dartmouth College - Tuck School of Business, University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 82 (325,322)
Citation 2

Abstract:

Loading...

Herding, queuing

29.

Intermediated Markets with Posted Prices

GSIA Working Paper No. 2002-E14
Number of pages: 33 Posted: 15 Aug 2002
Christine A. Parlour and Uday Rajan
University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 65 (370,286)

Abstract:

Loading...

posted prices, beliefs, inefficient trade

30.

Racing to the Bottom: Competition and Quality

Number of pages: 27 Posted: 08 Nov 2007
Washington University in St. Louis, Department of Economics, University of California, Berkeley - Finance Group and Stephen M. Ross School of Business, University of Michigan
Downloads 60 (385,583)

Abstract:

Loading...

market structure, moral hazard, quality

31.

Competing Mechanism Games of Moral Hazard: Communication and Robustness

CEIS Working Paper No. 196
Number of pages: 16 Posted: 20 Jun 2011
Toulouse School of Economics, University of Rome Tor Vergata - Dept. of Economics and Finance, Universite du Luxembourg and Stephen M. Ross School of Business, University of Michigan
Downloads 36 (475,969)
Citation 1

Abstract:

Loading...

Moral hazard, multiple-principal multiple-agent, simple mechanisms

32.

An Equilibrium Model of Individual and Institutional Trading

Number of pages: 47 Posted: 21 Jun 2018
Lixin Huang and Uday Rajan
Georgia State University and Stephen M. Ross School of Business, University of Michigan
Downloads 32 (494,820)

Abstract:

Loading...

Institutional Trading, Individual Trading, Delegation

33.

Cause Marketing: Spillover Effects of Cause-Related Products in a Product Portfolio

Management Science, Vol. 55, No. 9, September 2009, pp. 1469–1485
Number of pages: 17 Posted: 21 Jan 2015
Aradhna Krishna and Uday Rajan
University of Michigan, Stephen M. Ross School of Business and Stephen M. Ross School of Business, University of Michigan
Downloads 27 (521,068)
Citation 1

Abstract:

Loading...

34.

Market Structure for Internet Search Engines

Journal of Management Information Systems, Vol. 21, No. 2, pp. 137-160, 2004
Posted: 30 Nov 2005
Carnegie Mellon University - H. John Heinz III School of Public Policy and Management, Carnegie Mellon University - David A. Tepper School of Business and Stephen M. Ross School of Business, University of Michigan

Abstract:

Loading...

Search Engine, Residual Demand, Quality, E-Commerce, Product Differentiation, Economic Analysis, Vertical differentiation, Brand loyalty