Mark Daniel Bernhardt

Search results

• 2009

  Private polling in elections and voter welfare

  Bernhardt, D., Duggan, J. & Squintani, F., Sep 2009, In: Journal of Economic Theory. 144, 5, p. 2021-2056 36 p.

  Research output: Contribution to journal › Article › peer-review

  • Vote 72%
  • Voters 62%
  • Policy Convergence 22%
  • Polls 17%

• Smart fund managers? Stupid money?

  Bernhardt, D. & Davies, R. J., 2009, In: Canadian Journal of Economics. 42, 2, p. 719-748 30 p.

  Research output: Contribution to journal › Article › peer-review

  • Mutual Funds 46%
  • Mutual Fund Performance 31%
  • Fund Performance 28%
  • Investors 27%
  • Reversal 23%

• The case for responsible parties

  Bernhardt, D., Duggan, J. & Squintani, F., Nov 2009, In: American Political Science Review. 103, 4, p. 570-587 18 p.

  Research output: Contribution to journal › Article › peer-review

  • divergence 100%
  • popular press 67%
  • polarization 52%
• 2008

  Cross-asset speculation in stock markets

  Bernhardt, D. & Taub, B., Oct 2008, In: Journal of Finance. 63, 5, p. 2385-2427 43 p.

  Research output: Contribution to journal › Article › peer-review

  • Stock Market 100%
  • Assets 41%
  • Liquidity 28%
  • Price-taking 24%
  • Price Volatility 18%

• Front-running dynamics

  Bernhardt, D. & Taub, B., Jan 2008, In: Journal of Economic Theory. 138, 1, p. 288-296 9 p.

  Research output: Contribution to journal › Article › peer-review

  • Liquidity 65%
  • Monopolist 59%
  • Serial Correlation 52%
  • Market Quality 34%
  • Insider Trading 33%

• Industry dynamics with stochastic demand

  Bergin, J. & Bernhardt, D., 2008, In: RAND Journal of Economics. 39, 1, p. 41-68 28 p.

  Research output: Contribution to journal › Article › peer-review

  • Industry Dynamics 100%
  • Stochastic Demand 88%
  • Market Conditions 45%
  • Demand Shocks 29%
  • Aggregate Demand 27%

• Political polarization and the electoral effects of media bias

  Bernhardt, D., Krasa, S. & Polborn, M., Jun 2008, In: Journal of Public Economics. 92, 5-6, p. 1092-1104 13 p.

  Research output: Contribution to journal › Article › peer-review

  • Media Bias 100%
  • Polarization 66%
  • Voters 43%
  • Ideology 41%
  • News Media 24%
• 2007

  Asymmetric information and stock return cross-autocorrelations

  Bernhardt, D. & Mahani, R. S., Jul 2007, In: Economics Letters. 96, 1, p. 14-22 9 p.

  Research output: Contribution to journal › Article › peer-review

  • Asset Pricing Models 100%
  • Autocorrelation 95%
  • Asymmetry 88%
  • Asymmetric Information 86%
  • Information Asymmetry 85%

• Electoral competition with privately-informed candidates

  Bernhardt, D., Duggan, J. & Squintani, F., Jan 2007, In: Games and Economic Behavior. 58, 1, p. 1-29 29 p.

  Research output: Contribution to journal › Article › peer-review

  • Electoral Competition 100%
  • Pure Strategy Equilibrium 67%
  • Discontinuous Games 27%
  • Median Voter 22%
  • Voters 17%

• Financial speculators' underperformance: Learning, self-selection, and endogenous liquidity

  Mahani, R. & Bernhardt, D., Jun 2007, In: Journal of Finance. 62, 3, p. 1313-1340 28 p.

  Research output: Contribution to journal › Article › peer-review

  • Self-selection 93%
  • Liquidity 65%
  • Trade Intensity 27%
  • Liquidity Shocks 27%
  • Asset Prices 19%

• Product customization

  Bernhardt, D., Liu, Q. & Serfes, K., Aug 2007, In: European Economic Review. 51, 6, p. 1396-1422 27 p.

  Research output: Contribution to journal › Article › peer-review

  • Customization 100%
  • Brand Names 50%
  • Price Competition 12%
  • Duopoly 12%
  • World Wide Web 8%

• The dynamics of earnings forecast management

  Bernhardt, D. & Campello, M., 2007, In: Review of Finance. 11, 2, p. 287-324 38 p.

  Research output: Contribution to journal › Article › peer-review

  • Management Earnings Forecasts 100%
  • Surprise 43%
  • Management Forecasts 32%
  • Earnings Surprises 30%
  • Forecast Horizon 28%
• 2006

  Hybrid markets, tick size and investor trading costs

  Portniaguina, E., Bernhardt, D. & Hughson, E., Nov 2006, In: Journal of Financial Markets. 9, 4, p. 433-447 15 p.

  Research output: Contribution to journal › Article › peer-review

  • Tick Size 100%
  • Trading Costs 87%
  • Investors 81%
  • Limit Order Book 61%
  • Market Order 45%

• Kyle v. Kyle ('85 v. '89)

  Bernhardt, D. & Taub, B., Jan 2006, In: Annals of Finance. 2, 1, p. 23-38 16 p.

  Research output: Contribution to journal › Article › peer-review

  • Speculative Trade 34%
  • Market Makers 24%
  • Profit 22%
  • Competitive Market 18%
  • Auctions 17%

• Long-term information, short-lived securities

  Bernhardt, D., Davies, R. J. & Spicer, J., May 2006, In: Journal of Futures Markets. 26, 5, p. 466-502 37 p.

  Research output: Contribution to journal › Article › peer-review

  • Liquidity 98%
  • Private Information 77%
  • Informed Trading 53%
  • Equity 46%
  • Costs 15%

• Profit sharing (with workers) facilitates collusion (among firms)

  Bernhardt, D. & Chambers, C. P., 2006, In: RAND Journal of Economics. 37, 3, p. 483-502 20 p.

  Research output: Contribution to journal › Article › peer-review

  • Profit Sharing 100%
  • Cartel 65%
  • Workers 63%
  • Market Conditions 49%
  • Profit 47%

• The evolution of managerial expertise: How corporate culture can run amok

  Bernhardt, D., Hughson, E. & Kutsoati, E., Mar 2006, In: American Economic Review. 96, 1, p. 195-221 27 p.

  Research output: Contribution to journal › Article › peer-review

  • Organizational Culture 100%
  • Workers 41%
  • Affirmative Action 26%
  • Skilled Workers 20%
  • Short-run 14%

• Who herds?

  Bernhardt, D., Campello, M. & Kutsoati, E., Jun 2006, In: Journal of Financial Economics. 80, 3, p. 657-675 19 p.

  Research output: Contribution to journal › Article › peer-review

  • Analysts 100%
  • Correlated Information 39%
  • Herding 32%
  • Analysts' Earnings Forecasts 30%
  • Financial Analysts 27%
• 2005

  Painting the tape: Aggregate evidence

  Bernhardt, D. & Davies, R. J., Dec 2005, In: Economics Letters. 89, 3, p. 306-311 6 p.

  Research output: Contribution to journal › Article › peer-review

  • Market Returns 98%
  • Mutual Funds 92%

• Testing dividend signaling models

  Bernhardt, D., Douglas, A. & Robertson, F., Jan 2005, In: Journal of Empirical Finance. 12, 1, p. 77-98 22 p.

  Research output: Contribution to journal › Article › peer-review

  • Dividend Signalling 100%
  • Dividends 56%
  • Monotonicity 44%
  • Signaling Theory 37%
  • Income 29%

• Why do larger orders receive discounts on the london stock exchange?

  Bernhardt, D., Dvoracek, V., Hughson, E. & Werner, I. M., Dec 2005, In: Review of Financial Studies. 18, 4, p. 1343-1368 26 p.

  Research output: Contribution to journal › Review article › peer-review

  • Dealers 81%
  • Dealer Markets 46%
  • Trade Size 21%
  • Prediction Model 15%
  • Threat 11%
• 2004

  Comparative learning dynamics

  Bergin, J. & Bernhardt, D., May 2004, In: International Economic Review. 45, 2, p. 431-465 35 p.

  Research output: Contribution to journal › Article › peer-review

  • Performance Criteria 21%
  • Economic Environment 17%

• Informed Trading When Information Becomes Stale

  Bernhardt, D. & Miao, J., Feb 2004, In: Journal of Finance. 59, 1, p. 339-390 52 p.

  Research output: Contribution to journal › Article › peer-review

  • Informed Trading 100%
  • Characterization 30%
  • Private Information 18%
  • Profit 10%

• Learning from average experience

  Bergin, J. & Bernhardt, D., 2004, In: Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics). 2690, p. 127-134 8 p.

  Research output: Contribution to journal › Article › peer-review

  • Learning 100%
  • Long Memory 88%
  • Data storage equipment 66%
  • Welfare 49%
  • Class 10%

• Near-sighted justice

  Bernhardt, D. & Nosal, E., Dec 2004, In: Journal of Finance. 59, 6, p. 2655-2684 30 p.

  Research output: Contribution to journal › Review article › peer-review

  • Justice 100%
  • Entrepreneurs 23%
  • Chapter 11 21%
  • Burden 14%

• Term limits and pork barrel politics

  Bernhardt, D., Dubey, S. & Hughson, E., Dec 2004, In: Journal of Public Economics. 88, 12, p. 2383-2422 40 p.

  Research output: Contribution to journal › Article › peer-review

  • Term Limits 100%
  • Incumbents 63%
  • Voters 40%
  • Ideology 26%
  • Vote 24%
• 2002

  Intraday trade in dealership markets

  Bernhardt, D. & Hughson, E., Oct 2002, In: European Economic Review. 46, 9, p. 1697-1732 36 p.

  Research output: Contribution to journal › Article › peer-review

  • Brokerage Fee 60%
  • Structural Model 47%
  • Entry Strategy 46%
  • Informed Traders 44%
  • Structural Parameters 43%

• "Rip-off" ATM surcharges

  Massoud, N. & Bernhardt, D., 2002, In: RAND Journal of Economics. 33, 1, p. 96-115 20 p.

  Research output: Contribution to journal › Article › peer-review

  • Fees 100%
  • Charge 73%
  • Revenue 61%
  • User Fees 39%
  • Spatial Model 35%
• 2001

  Corporate tournaments, human capital acquisition, and the firm size - Wage relation

  Zábojník, J. & Bernhardt, D., 2001, In: Review of Economic Studies. 68, 3, p. 693-716 24 p.

  Research output: Contribution to journal › Article › peer-review

  • Tournament 77%
  • General Human Capital 68%
  • Firm Size 60%
  • Human Capital 51%
  • Workers 50%
• 2000

  Credit rationing?

  Bernhardt, D., Mar 2000, In: American Economic Review. 90, 1, p. 235-239 5 p.

  Research output: Contribution to journal › Article › peer-review

• Enterprise, inequality and economic development

  Lloyd-Ellis, H. & Bernhardt, D., 2000, In: Review of Economic Studies. 67, 1, p. 147-168 22 p.

  Research output: Contribution to journal › Article › peer-review

  • Credit Constraints 100%
  • Enterprise Development 93%
  • Economic Development 80%
  • Development Process 72%
  • Entrepreneurs 58%
• 1999

  Stock market dynamics with rational liquidity traders

  Massoud, N. & Bernhardt, D., Nov 1999, In: Journal of Financial Markets. 2, 4, p. 359-389 31 p.

  Research output: Contribution to journal › Article › peer-review

  • Stock Market 100%
  • Liquidity 57%
  • Risk-averse 40%
  • Trade Intensity 39%
  • Informed Trading 37%
• 1998

  Pirated for profit

  Slive, J. & Bernhardt, D., 1998, In: Canadian Journal of Economics. 31, 4, p. 886-899 14 p.

  Research output: Contribution to journal › Article › peer-review

  • Software 100%
  • Piracy 95%
  • Network Externalities 29%
  • Profit 13%

• Promotion, turnover, and discretionary human capital acquisition

  Scoones, D. & Bernhardt, D., Jan 1998, In: Journal of Labor Economics. 16, 1, p. 122-141 20 p.

  Research output: Contribution to journal › Article › peer-review

  • Specific Investments 56%
  • Human Capital 51%
  • Wages 47%
  • General Human Capital 34%
  • Workers 33%

• Riding free on the signals of others

  Alexander-Cook, K., Bernhardt, D. & Roberts, J., Jan 1 1998, In: Journal of Public Economics. 67, 1, p. 25-43 19 p.

  Research output: Contribution to journal › Article › peer-review

  • Free-riding 100%
  • Cascade 34%
  • Information Acquisition 33%
• 1997

  Durable services monopolists do better than durable goods monopolists

  Spicer, J. & Bernhardt, D., Nov 1997, In: Canadian Journal of Economics. 30, 4 SUPPL. A, p. 975-990 16 p.

  Research output: Contribution to journal › Article › peer-review

  • Monopolist 100%
  • Durables 98%
  • Consumer Demand 22%
  • Rationing 19%
  • Threat 11%

• Splitting orders

  Bernhardt, D. & Hughson, E., 1997, In: Review of Financial Studies. 10, 1, p. 69-101 33 p.

  Research output: Contribution to journal › Article › peer-review

  • Market Makers 100%
  • Schedule 49%
  • Profit 46%
  • Microstructure of Markets 32%
  • Limit Order Book 28%
• 1996

  Discrete pricing and the design of dealership markets

  Bernhardt, D. & Hughson, E., Oct 1996, In: Journal of Economic Theory. 71, 1, p. 148-182 35 p.

  Research output: Contribution to journal › Article › peer-review

  • Market Makers 100%
  • Pricing 74%
  • Schedule 44%
  • Equilibrium Price 29%
  • Profit 15%
• 1995

  Anonymous sequential games: Existence and characterization of equilibria

  Bergin, J. & Bernhardt, D., Oct 1995, In: Economic Theory. 5, 3, p. 461-489 29 p.

  Research output: Contribution to journal › Article › peer-review

  • Aggregate Uncertainty 100%
  • Sequential Game 92%
  • Characterization 53%
  • Existence of Equilibrium 28%
  • State Space 24%

• Strategic promotion and compensation

  Bernhardt, D., Apr 1995, In: Review of Economic Studies. 62, 2, p. 315-339 25 p.

  Research output: Contribution to journal › Article › peer-review

  • Employers 100%
  • Workers 92%
  • Wages 21%
  • Employees 15%
• 1994

  A Note on Sequential Auctions

  Bernhardt, D. & Scoones, D., 1994, In: The American Economic Review. 84, 3, p. 653-657 5 p.

  Research output: Contribution to journal › Article › peer-review
• 1993

  Promotion, Turnover, and Preemptive Wage Offers

  Bernhardt, D. & Scoones, D., 1993, In: The American Economic Review. 83, 4, p. 771-791 21 p.

  Research output: Contribution to journal › Article › peer-review

  • Wages 56%
  • Employers 51%
  • Workers 36%
  • Costly Information 23%
  • Information Acquisition 19%
• 1992

  Anonymous sequential games with aggregate uncertainty

  Bergin, J. & Bernhardt, D., 1992, In: Journal of Mathematical Economics. 21, 6, p. 543-562 20 p.

  Research output: Contribution to journal › Article › peer-review

  • Aggregate Uncertainty 100%
  • Sequential Game 92%
  • Game 54%
  • Existence of Equilibrium 42%
  • Uncertainty 42%

• Endogenous transfer institutions in overlapping generations

  Engineer, M. & Bernhardt, D., Jun 1992, In: Journal of Monetary Economics. 29, 3, p. 445-474 30 p.

  Research output: Contribution to journal › Article › peer-review

  • Social Security 35%
  • Private Savings 18%
  • Savings 17%
  • Crowd-out 16%
  • Pareto 13%
• 1989

  Free trade equilibria to multi-country quota games

  Bernhardt, D. & Enders, A., Nov 1989, In: Journal of International Economics. 27, 3-4, p. 319-333 15 p.

  Research output: Contribution to journal › Article › peer-review

  • Free Trade 100%
  • Revenue 15%
  • General Equilibrium 14%
  • Endowments 13%
  • Rent 12%

• Money and loans

  Bernhardt, D., 1989, In: Review of Economic Studies. 56, 1, p. 89-100 12 p.

  Research output: Contribution to journal › Article › peer-review

  • Loans 100%
• 1985

  Candidate reputations and the 'incumbency effect'

  Bernhardt, M. D. & Ingerman, D. E., Jun 1985, In: Journal of Public Economics. 27, 1, p. 47-67 21 p.

  Research output: Contribution to journal › Article › peer-review

  • Incumbency 100%
  • Vote 44%
  • Median Voter 40%
  • Challenger 39%
  • Incumbents 37%
• 1984

  Dumping, adjustment costs and uncertainty

  Bernhardt, D., Dec 1984, In: Journal of Economic Dynamics and Control. 8, 3, p. 349-370 22 p.

  Research output: Contribution to journal › Article › peer-review

  • Adjustment Costs 100%
  • Profitability 45%
  • Profit 39%
  • Output 38%
  • Business 37%