Joshua Mollner

Northwestern University - Kellogg School of Management

2211 Campus Drive

Evanston, IL 60208

United States

SCHOLARLY PAPERS

11

DOWNLOADS
Rank 16,076

SSRN RANKINGS

Top 16,076

in Total Papers Downloads

4,469

SSRN CITATIONS
Rank 18,417

SSRN RANKINGS

Top 18,417

in Total Papers Citations

29

CROSSREF CITATIONS

28

Scholarly Papers (11)

1.

High-Frequency Trading and Market Performance

Journal of Finance, Vol. 75, No. 3, pp. 1495–1526
Number of pages: 142 Posted: 17 Oct 2015 Last Revised: 10 Nov 2020
Markus Baldauf and Joshua Mollner
University of British Columbia (UBC) - Division of Finance and Northwestern University - Kellogg School of Management
Downloads 1,604 (16,009)
Citation 31

Abstract:

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high-frequency trading, order anticipation, quote fade, latency, information production, bid-ask spread, limit order book, non-cancellation delay, asymmetric delay, speed bump, frequent batch auctions

2.

Trading in Fragmented Markets

Journal of Financial and Quantitative Analysis, Vol. 56, No. 1 (February 2021), pp. 93–121.
Number of pages: 75 Posted: 22 May 2016 Last Revised: 14 Jan 2021
Markus Baldauf and Joshua Mollner
University of British Columbia (UBC) - Division of Finance and Northwestern University - Kellogg School of Management
Downloads 605 (63,157)
Citation 16

Abstract:

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exchange competition, fragmenation, high-frequency trading, liquidity, bid-ask spread

3.

Fast Traders Make a Quick Buck: The Role of Speed in Liquidity Provision

Journal of Financial Markets, Vol. 58 (March 2022), Art. 100621
Number of pages: 61 Posted: 08 Aug 2015 Last Revised: 21 Mar 2022
Markus Baldauf and Joshua Mollner
University of British Columbia (UBC) - Division of Finance and Northwestern University - Kellogg School of Management
Downloads 491 (81,962)
Citation 9

Abstract:

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high-frequency trading, liquidity provision, speed heterogeneity

4.

Principal Trading Arrangements: When Are Common Contracts Optimal?

Management Science, Vol. 68, No. 4, pp. 3112–3128
Number of pages: 56 Posted: 24 May 2018 Last Revised: 03 May 2022
Markus Baldauf, Christoph Frei and Joshua Mollner
University of British Columbia (UBC) - Division of Finance, University of Alberta - Department of Mathematical and Statistical Sciences and Northwestern University - Kellogg School of Management
Downloads 462 (88,847)
Citation 3

Abstract:

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benchmark manipulation, dealer-client agency conflict, front-running, principal trading, volume-weighted average price (VWAP)

5.

Raffles

Number of pages: 23 Posted: 15 Feb 2017
Microsoft Research, Microsoft Research, Northwestern University - Kellogg School of Management and Microsoft Research
Downloads 357 (118,465)
Citation 2

Abstract:

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random assignment, cardinal utility, raffles, approximate Pareto efficiency, price of anarchy

6.

Extended Proper Equilibrium

Journal of Economic Theory, Vol. 194 (June 2021), Art. 105258
Number of pages: 60 Posted: 13 Sep 2017 Last Revised: 21 Mar 2022
Paul R. Milgrom and Joshua Mollner
Downloads 272 (157,640)
Citation 1

Abstract:

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equilibrium refinement, trembles, extended proper equilibrium, proper equilibrium, generalized second-price auction

7.

Principal Trading Arrangements: Optimality under Temporary and Permanent Price Impact

Number of pages: 77 Posted: 18 Feb 2021 Last Revised: 04 May 2022
Markus Baldauf, Christoph Frei and Joshua Mollner
University of British Columbia (UBC) - Division of Finance, University of Alberta - Department of Mathematical and Statistical Sciences and Northwestern University - Kellogg School of Management
Downloads 251 (170,769)
Citation 1

Abstract:

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agency conflict, dealer-client relationship, principal trading, price impact

8.

Competition and Information Leakage

Number of pages: 63 Posted: 28 Jan 2021 Last Revised: 01 Jul 2022
Markus Baldauf and Joshua Mollner
University of British Columbia (UBC) - Division of Finance and Northwestern University - Kellogg School of Management
Downloads 189 (223,435)
Citation 1

Abstract:

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principal trading, request for quotes, information design, price impact, front-running

9.

Lottery Equilibrium

Number of pages: 36 Posted: 25 Apr 2018
Joshua Mollner and E. Glen Weyl
Downloads 140 (285,192)

Abstract:

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lotteries, non-convex preferences, indivisibilities, existence of equilibrium

10.

Pedaling Peers: The Effect of Targets on Performance

Journal of Economic Behavior and Organization, Vol. 167, pp. 90–103
Number of pages: 45 Posted: 25 Dec 2015 Last Revised: 10 Nov 2020
Markus Baldauf and Joshua Mollner
University of British Columbia (UBC) - Division of Finance and Northwestern University - Kellogg School of Management
Downloads 83 (406,611)

Abstract:

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rank incentives, targets, peer competition, effort choice

11.

Siphoned Apart: A Portfolio Perspective on Order Flow Fragmentation

Number of pages: 54 Posted: 04 Aug 2022
Markus Baldauf, Joshua Mollner and Bart Z. Yueshen
University of British Columbia (UBC) - Division of Finance, Northwestern University - Kellogg School of Management and INSEAD - Finance
Downloads 15 (743,430)

Abstract:

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order flow fragmentation, payment for order flow, inventory management, market maker, retail investor