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

33

DOWNLOADS
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13,245

CITATIONS
Rank 2,126

SSRN RANKINGS

Top 2,126

in Total Papers Citations

263

Scholarly Papers (33)

1.

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

Chicago GSB Research Paper No. 08-19, EFA 2009 Bergen Meetings Paper, Ross School of Business Paper No. 1122
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 5,309 (1,311)
Citation 58

Abstract:

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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 659 (37,953)
Citation 9

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Personalized Pricing, Product Differentiation, Price Competition, Electronic Commerce

3.

Corporate Hedging, Investment and Value

EFA 2008 Athens Meetings Paper, FEDS Working Paper No. 2008-16
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 658 (38,024)
Citation 3

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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 596 (43,392)
Citation 72

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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 595 (43,480)
Citation 32

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

6.

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 K. Purnanandam and Uday Rajan
University of Michigan, Stephen M. Ross School of Business and Stephen M. Ross School of Business, University of Michigan
Downloads 466 (59,342)
Citation 1

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Growth Option, Capital Structure

7.

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 451 (61,759)
Citation 29

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8.

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 441 (63,456)
Citation 1

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Vertical differentiation, search engine, residual demand, brand loyalty

9.

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 369 (78,415)
Citation 4

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

10.

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 354 (82,272)

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

11.

Information Acquisition in a Limit Order Market

EFA 2005 Moscow Meetings Paper, Fifteenth Annual Utah Winter Finance Conference
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 338 (86,780)
Citation 6

Abstract:

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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 250 (119,469)
Citation 8

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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 (374,149)
Citation 8

Abstract:

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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 298 (99,621)
Citation 10

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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
University of Roma Tor Vergata, University of Rome Tor Vergata - Dept. of Economics and Finance, Universite du Luxembourg and Stephen M. Ross School of Business, University of Michigan
Downloads 281 (106,135)
Citation 3

Abstract:

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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 241 (124,480)

Abstract:

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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 240 (125,029)

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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 227 (132,177)
Citation 7

Abstract:

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18.

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 220 (136,230)
Citation 6

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19.

Making Money: Commercial Banks, Liquidity Transformation and the Payment System

Ross School of Business Paper No. 1337
Number of pages: 34 Posted: 03 Jan 2017 Last Revised: 18 Dec 2017
University of California, Berkeley - Finance Group, Stephen M. Ross School of Business, University of Michigan and University of Lausanne
Downloads 178 (165,722)

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Payment Systems, Bank Lending, Digital Claims, FinTech, liquidity flows

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 155 (186,720)

Abstract:

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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 153 (188,829)
Citation 2

Abstract:

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

22.

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 100 (260,425)
Citation 3

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Queuing Game, Quality Signaling, Service Rate Selection

23.

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 Frankfurt School of Finance & Management
Downloads 98 (263,899)

Abstract:

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credit rating, screening, strategic disclosure

24.

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 86 (286,760)

Abstract:

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credit rating, incomplete contract

25.

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 80 (299,541)
Citation 1

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Managerial Slack, Competition, Agency Cost

26.

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 79 (301,808)
Citation 4

Abstract:

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Herding, queuing

27.

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
George Mason University, School of Business - Finance Area and Stephen M. Ross School of Business, University of Michigan
Downloads 71 (320,869)

Abstract:

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

28.

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 (336,353)

Abstract:

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posted prices, beliefs, inefficient trade

29.

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 56 (362,116)
Citation 1

Abstract:

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market structure, moral hazard, quality

30.

Competing Mechanism Games of Moral Hazard: Communication and Robustness

CEIS Working Paper No. 196
Number of pages: 16 Posted: 20 Jun 2011
University of Roma Tor Vergata, University of Rome Tor Vergata - Dept. of Economics and Finance, Universite du Luxembourg and Stephen M. Ross School of Business, University of Michigan
Downloads 33 (444,972)
Citation 1

Abstract:

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

31.

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 22 (500,450)

Abstract:

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Institutional Trading, Individual Trading, Delegation

32.

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 22 (500,450)
Citation 2

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33.

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:

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