Patrick Bolton
Barbara and David Zalaznick Professor of Business
B.A., Institut d'Etudes Politiques de Paris, 1979; B.A., University of Cambridge, 1982; M.Sc., London School of Economics, 1983; Ph.D., London School of Economics, 1986.
Year joined: 2005
E-mail: pb2208@columbia.edu
Journal articles
"Capital Access Bonds: Contingent Capital with an Option to Convert"
Economic Policy
(2012)
More | Download PDF
"Outside and Inside Liquidity"
The Quarterly Journal of Economics
(2011)
More | Download PDF
"Credit Default Swaps and the Empty Creditor Problem"
Review of Financial Studies
(2011)
More
"Sovereign Default Risk in Financially Integrated Economies"
IMF Economic Review
(2011)
More | Download PDF
"Why bank governance is different"
Oxford Review of Economic Policy
(2011)
More | Download PDF
"Market and Public Liquidity"
American Economic Review
(2009)
More | Download PDF
"Redesigning the International Lender of Last Resort"
Chicago Journal of International Law
(2005)
More | Download PDF
"Incomplete Social Contracts"
Journal of the European Economic Association
(2003)
More | Download PDF
"Political Intervention in Debt Contracts"
Journal of Political Economy
(2002)
More | Download PDF
"The Great Divide and Beyond: Financial Architecture in Transition"
Journal of Economic Perspectives
(2002)
More | Download PDF
"Predatory Pricing: Strategic Theory and Legal Policy"
Georgetown Law Journal
(2001)
More | Download PDF
"Strategic Experimentation"
Econometrica
(1999)
More | Download PDF
"Blocks, Liquidity, and Corporate Control"
Journal of Finance
(1998)
More | Download PDF
"Corporate Finance, the Theory of the Firm, and Organization"
Journal of Economic Perspectives
(1998)
More | Download PDF
"The Breakup of Nations: A Political Economy Analysis"
Quarterly Journal of Economics
(1997)
More | Download PDF
"A Theory of Trickle-Down Growth and Development"
Review of Economic Studies
(1997)
More | Download PDF
"The Firm as a Communication Network"
Quarterly Journal of Economics
(1994)
More | Download PDF
"Incomplete Contracts, Vertical Integration, and Supply Assurance"
Review of Economic Studies
(1993)
More | Download PDF
"Privatization in Central and Eastern Europe"
Economic Policy
(1992)
More | Download PDF
"An Incomplete Contracts Approach to Financial Contracting"
Review of Economic Studies
(1992)
More | Download PDF
"Decentralization, Duplication, and Delay"
Journal of Political Economy
(1990)
More | Download PDF
"A Theory of Predation Based on Agency Problems in Financial Contracting"
American Economic Review
(1990)
More | Download PDF
"Contracts as a Barrier to Entry"
American Economic Review
(1987)
More | Download PDF
Working papers
"Cream skimming in financial markets"
Working paper
(2013)
More | Download PDF
"Should Derivatives Be Privileged in Bankruptcy?"
Working Paper
(2012)
More
"Market Timing, Investment, and Risk Management"
Working paper
(2011)
More | Download PDF
"Towards an International Green Fund"
Working Paper
(2010)
More
"L-Shares: Rewarding Long-term Investors"
Working Paper
(2010)
More
"Executive Compensation and Risk Taking"
Working Paper
(2010)
More | Download PDF
"The Dynamics of Optimal Risk Sharing"
Working Paper Series No. 16094
(2010)
More | Download PDF
"Intracompany Governance and Innovation"
Working Paper Series No, 15304
(2009)
More | Download PDF
"Pay for Short-Term Performance: Executive Compensation in Speculative Markets"
mimeo
(2004)
More | Download PDF
Books
Sovereign Wealth Funds and Long-Term Investing
(2011)
More
Contract Theory
(2005)
More
Credit Markets for the Poor
(2005)
More
Chapters
"Covenant Lite Lending, Liquidity and Standardization of Financial Contracts"
Research Handbook on the Economics of Property Law
(2011)
More | Download PDF
"Corporate Governance and Control"
Handbook of the Economics of Finance
(2003)
More | Download PDF
Magazine articles
"How to Prepare for Financial Meltdowns"
Forbes.com
(2009)
More | View research