Welcome to the Homepage of
Roman Inderst
 

Personal Profile

Current Address  INSEAD, Department of Finance
Boulevard de Constance
77305 Fontainebleau
Cedex, France

roman.inderst@insead.edu
Address as of 1st Sept. LSE
Houghton Street
London WC2A 2AE
UK

r.inderst@lse.ac.uk
Current Position Associate Professor of Finance (with tenure) at INSEAD
Position as of 1st Sept. Full Professor at LSE
Joint appointment Department of Economics and Department of Accounting and Finance
Previous appointments - Associate Professor (Reader) at LSE
- Assitant Professor at UCL and University of Mannheim
Affilitations

CEPR and Financial Market Group (FMG)

Activities Co-editor International Journal of Industrial Organization
Associate Editor  JEEA

Curriculum Vitae (PDF)

Misc. Material

Material on Buyer Power
* Presentation given at UK Competition Commission (01/05)
* Collected Material on Buyer Power (under construction)

* Case Study: Cross-Border Electricity Trading - The France-England Interconnector
   Case (Teaching Notes are available upon request) and A Primer on Auction Design


Research (Click fields !)

1) Corporate Finance and Banking

2) Applied Contract Theory and Information Economics

3) Industrial Organization and Competition Policy


Corporate Finance and Banking
 
Internal vs. External Financing: An Optimal Contracting Approach (with H.Müller), Journal of Finance 2003
The Effect of Capital Market Characteristics on the Value of Start-Up Firms (with H. Müller), Journal of Financial Economics 2004
Conglomerate Entrenchment under Optimal Financial Contracting (with A. Faure-Grimaud), American Economic Review 2005
Incentives in Internal Capital Markets (with C. Laux), 2000, forthcoming Rand Journal of Economics
Informed Lending and Security Design (with H. Müller), forthcoming  Journal of Finance
A Lender-Based Theory of Collateral (with H. Müller), revise and resubmit Journal of Financial Economics

Influence Costs and Hierarchy (with H.Müller and K. Warneryd), forthcoming Economics of Governance.

Bank Capital Structure and Credit Decision (with H. Müller), 2004
The Benefits of Broad-Based Option Plans (with H. Müller), 2003

Keeping the Board in the Dark. CEO Compensation and Entrenchment (with H.Müller), 2004

Ownership Concentration and the Agency Costs of Debt (with H.Müller), under revision

The Benefits of Shallow Pockets (with F. Muennich and H.Müller), revise and resubmit Review of Financial Studies
Distributional Conflict in Organizations (with H.Müller and K. Warneryd), revise and resubmit European Economic Review

Applied Contract Theory and Information Economics

Multi-Issue Bargaining with Endogenous Agenda, Games and Economic Behavior, 2000, 30, 64-82
Capacity Constrained Firms in (Labor) Markets with Adverse Selection, (with A. Wambach), Economic Theory, 2002, 19, 525-48
Screening in a Matching Market, Review of Economic Studies, 2001, 849-868
Incentive Schemes as a Signaling Device, Journal of Economic Behavior and Organization 2001, 44, 455-65
Signaling in a Search Market, Games and Economic Behavior 40, 2002, 77-98
Competitive Insurance Markets under Adverse Selection and Capacity Constraints (with A. Wambach), European Economic Review, 2001, 10, 1981-92
Contract Design and Bargaining Power, Economics Letters, 2002, 74, 171-76
Alternating-Offer Bargaining over Contracts under Incomplete Information, Economic Theory 22, 2003, 419-29
Contractual Distortions in a (Labor) Market with Frictions, Journal of Economic Theory 2003
Matching Markets with Adverse Selection,  Journal of Economic Theory 2004
Competitive Search Markets with Heterogeneous Workers, European Economic Review
The Coase Conjecture in a Bargaining Model with Infinite Buyers, 1998 (revised 2000), revise and resubmit Games and Economic Behavior
Bargaining with a Possibly Committed Seller, forthcoming Review of Economic Dynamics

Industrial Organization and Competition Policy

Competition May Drive Up Prices, Journal of Economic Behavior and Organization, 2002, 47, 451-62
Search Markets for Durable Goods (with H.Müller), Economic Theory, 2002, 19, 599-622
Market Structure, Bargaining, and Technological Choice (with C. Wey), Rand Journal of Economics, 2003
Shopping Hours and Price Competition (with A. Irmen), European Economic Review
The Incentives for Takeover in Oligopoly (with C. Wey), International Journal of Industrial Organization 2004
Buyer Power and Supplier Incentives (with C. Wey), revise and resubmit European Economic Review
Why Durable Goods May Be Sold Below Costs, revised version 2002
Retail Mergers, Buyer Power, and Product Variety (with G. Shaffer),  forthcoming Economic Journal
Buyer-Induced Exclusivity and the Role of Slotting Fees, 2005