“Moving Toward the Rule of Law in the Face of Corruption: Re-examining the Big-Bang,” Stern School of Business Department of Economics Working Paper EC-04-34, November 2004, with Joel Owen. [Also, Stern School of Business Statistics Group Working Paper SOR-2005-1]; revised August 2005.Renamed: “Are Property Rights Enough? Re-evaluating a Big-Bang Claim.”
"The Emergence of Concentrated Ownership and the Rebalancing of Portfolios due to Shareholder Activism in a Financial Market Equilibrium," Stern School of Business Department of Economics Working Paper EC-00-01, January 2000, with Joel Owen. [Also, Salomon Center Working Paper SeriesS-00-5]; revised September 2005: “The Emergence of Concentration in the Presence of Shareholder Activism.”