I am a doctoral candidate in finance at Northwestern University. I study how indirect firm connections affect competition and drive market outcomes, and how innovation and production inefficiencies in the energy sector affect electricity markets. I will be on the 2023-2024 job market.
PhD in Finance, 2024 (Expected)
MA in Economics, 2015
BA in Economics and Business Administration, 2013
Holding concurrent seats on boards of rival firms, ‘horizontal directors’ dampen competition and improve firm performance. In the cross-section of public US firms, losing an interlock with a competitor decreases returns by 3 percentage points. I propose a mechanism of market segmentation where horizontal directors steer firms away from fierce direct competition. Using data on patenting, I show that horizontal interlocks help firms maintain distance in the competitive space and reduce redundancy, increasing innovation quantity by 17% and quality by 30%.
Conducted Large-scale industry research, with an emphasis on spatial markets. I utilized rich sets of administrative micro-data to study markets, model competitive behavior, evaluate mergers and remedies, and inform antitrust policymaking. My research mainly revolved around quarry aggregates, spatial competition in retail diesel and gasoline, and vertical contracts in the grocery sector.
Advised antitrust case teams on data analysis, economic theory, research design, and empirical strategy in the evaluation of proposed mergers and restrictive arrangements.
Coordinated a team of five analysts in the Research Department, tasked with providing research support to the Bank’s economists.
Gathered and analyzed data, conducted literature reviews, and prepared presentations and reports for the Bank’s governor, monetary committee, and senior management.
Studied Israeli corporate debt issuance, ratings, collateral, restructuring, pricing, and default, using firm time series and bond-level micro-data.