VITA - Ilan Kremer

ACADEMIC WORK EXPIRIENCE 
Oct 2012 -  Professor of Economics, University of Warwick      
2011- Professor of Economics and Finance, The Hebrew University
2010-   Assistant, Associate, Full Professor of Finance Stanford Graduate School of Business   (on leave since 2011)

EDITORIAL ACTIVITY
Foreign Editor , Review of Economic Studies
Associate Editor, American Economic Review
 
FIELDS OF SPECIALIZATION 
 Financial Economics, Information Economics, Game Theory  

EDUCATION 
Ph.D., Finance, J.L. Kellogg Graduate School of Management, Northwestern University, Evanston, Illinois, 2000. 
M.Sc. (summa cum laude), Computer Science, Hebrew University, Jerusalem, Israel, 1995. 
B.Sc. (summa cum laude), Computer  Science/Physics, Hebrew University, Jerusalem, Israel, 1992. 

FELLOWSHIPS GRANTS AND AWARDS 
2011-2016 ERC grant “Information Flow and Its Impact on FinancialMarkets
2004   Best paper award, Utah Winter Finance Conference 2004, joint with Peter DeMarzo and Andy Skrzypacz for "Bidding with Securities - Auctions and Security Design"  
2003  NSF Grant with Peter DeMarzo and Andy Skrzypacz for "Bidding with Securities – Auctions and Security Design" 
1999  State Farm Companies Foundation Doctoral Dissertation Award in Business. 
1999  Treftzs award for the best student paper in the WFA with Valery Polkovnichenko. 

PUBLICATIONS  
1) “Information aggregation in common value auctions,” Econometrica, vol.70: 4, July 2002. 
2) “Divisible good auctions: The role of allocation rules,” with Kjell Nyborg, Rand Journal of Economics, vol. 35(1), Spring 2004. 
3) “Diversification as a Public Good: Community Effects in Portfolio Choice,” with Peter DeMarzo and Ron Kaniel, Journal of Finance, vol. 59: 4, August 2004.  
4) “Underpricing and Market Power in Uniform Price Auctions,” with Kjell Nyborg, Review of Financial Studies, vol. 17, July 2004. 
5) “The Relationship between the Allocation of Goods and a Seller's Revenue,” with Matt Jackson, Journal of Mathematical Economics, 40 (June, 2004), pp.371-392 
6) “On the Informational Inefficiency of Discriminatory Price Auctions,” with Mathew Jackson, Journal of Economic Theory, (2007) 132(1) pp. 507-517  
7) “Bidding with Securities - Auctions and Security Design,” with Peter DeMarzo and Andy Skrzypacz,  American Economic Review (AER) 2005-10-31 
8) "Ratings, certifications and grades: dynamic signaling and market breakdown.", joint work with Andrzej Skrzypacz, Journal of Economic Theory (2007) 133(1) pp. 58-82 
9) “Envy-Freeness and Implementation in Large Economies,” with Matt Jackson, Review of Economic Design,  Vol. 11, No. 3, pp. 185-198, 2007.
10) “The Relevance of a Choice of Auction Format in a Competitive Environment,” with Mathew Jackson, forthcoming Review of Economics Studies. (RES)  
11)  “Technological Innovations and Real Investment Booms and Busts”,  with Peter DeMarzo and Ron Kaniel, Journal of Financial Economics (2007) 85(3) 735-754
12) “Relative Wealth Concerns, and Financial Bubbles,” with Peter DeMarzo and Ron Kaniel, Review of Financial Studies (RFS)  2008 21(1) 19-50
  
13)  “Price drift as an outcome of difference in higher order beliefs”, joint work with Snehal Banerjee and Ron Kaniel, forthcoming, Review of Financial Studies (RFS)  

14) "Dynamic Patterns of Trading Volume and Disagreement" joint work with Snehal Banerjee, forthcoming Journal of Finance

15) "Endogenous Information Flows and the Clustering of Announcements" 
joint work with Viral Acharya, and Peter DeMarzo. forthcoming American Economic Review (AER)

Non Finance/Economics (Computer science papers)
1) “On randomized one round communication complexity,” with Dana Ron and Noam Nisan, Computational Complexity, 8: 1, June 1999. Extended abstract appeared in the proceedings of STOC95. 

 2) “Online Algorithms and Option Pricing”, joint work with Peter Demarzo and Yishay Mansour, FOCS 2006

WORKING PAPERS 

1) "Hannan and Blackwell Meet Black and Scholes: Approachability, Calibration and Robust Option Pricing," joint work with Peter Demarzo and Yishay Mansour

2) “Not Only What But also When: A Theory of Dynamic Voluntary Disclosure” joint work with Ilan Guttman and Andy Skrzypacz

3) “Implementing the "Wisdom of the Crowd"” joint work with Yishay Mansour and Motty Perry

4) “Optimal Recurrence Dynamic Auctions” joint work with Zvi Wiener and Eyal Winter

5) "Ordering and Revenue in Sequential Auctions: A Natural Experiment from the Market for Art" (w/ Harrison Hong,  Jeffrey Kubik,, Jianping Mei, , Michael Moses)