Michael Ostrovsky Fred H. Merrill Professor of Economics Stanford Graduate School of Business 655 Knight Way Stanford, CA 94305   Email: ostrovsky@stanford.edu Phone: (650) 724-7280 C.V.

Research

Working papers

• Effective and Equitable Congestion Pricing: New York City and Beyond (with Frank Yang), November 2024.
• Congestion Pricing, Carpooling, and Commuter Welfare (with Michael Schwarz), December 2023.
• Carpooling and the Economics of Self-Driving Cars (with Michael Schwarz), February 2018.
  • Presentation slides.
• Pure-Strategy Equilibrium in the Generalized First-Price Auction (with Andy Skrzypacz), October 2024.
• Matching with Transfers under Distributional Constraints (with Devansh Jalota and Marco Pavone), April 2022, Revise and Resubmit, Games and Economic Behavior.
• Quadratic Games (with Nicolas Lambert and Giorgio Martini), December 2017.

Publications

Auctions

• Strategic Bidder Behavior in Sponsored Search Auctions (with Benjamin Edelman), Decision Support Systems, v. 43(1), February 2007, pp. 192-198.
• Internet Advertising and the Generalized Second Price Auction: Selling Billions of Dollars Worth of Keywords (with Benjamin Edelman and Michael Schwarz), American Economic Review, v. 97(1), March 2007, pp. 242-259.
• Reserve Prices in Internet Advertising Auctions: A Field Experiment (with Michael Schwarz), Journal of Political Economy, v. 131(12), December 2023, pp. 3352-76.
• Choice Screen Auctions, American Economic Review, v. 113(9), September 2023, pp. 2486-2505.
  • Presentation slides (PowerPoint).
• Review of "Combinatorial Auctions" by Cramton, Shoham, and Steinberg (eds), Journal of Economic Literature, v. 45(1), March 2007, pp. 183-185.
• Comments on the Outcomes and Design Issues in the 2019 Canadian Auction of Spectrum Licenses in the 600 MHz Band, Policy paper, June 2019.
• Dual-Track Auction for Market-Based Determination of Spectrum Clearing, Policy paper, August 2024.

Matching

• Stability in Supply Chain Networks, American Economic Review, v. 98(3), June 2008, pp. 897-923.
  • Intermediate steps for Appendix B.
• Stability and Competitive Equilibrium in Trading Networks (with John William Hatfield, Scott Duke Kominers, Alexandru Nichifor, and Alexander Westkamp), Journal of Political Economy, v. 121(5), October 2013, pp. 966-1005.
  • Online Appendix.
• Two-Sided Matching with Interdependent Values (with Archishman Chakraborty and Alessandro Citanna), Journal of Economic Theory, v. 145(1), January 2010, pp. 85-105.
• Group Stability in Matching with Interdependent Values (with Archishman Chakraborty and Alessandro Citanna), Review of Economic Design, v. 19(1), March 2015, pp. 3-24.
• Gross Substitutes and Endowed Assignment Valuations (with Renato Paes Leme), Theoretical Economics, v. 10(3), September 2015, pp. 853-865.
• Full Substitutability (with John William Hatfield, Scott Duke Kominers, Alexandru Nichifor, and Alexander Westkamp), Theoretical Economics, v. 14(4), November 2019, pp. 1535-1590.
  • Online Appendix.
• Chain Stability in Trading Networks (with John William Hatfield, Scott Duke Kominers, Alexandru Nichifor, and Alexander Westkamp), Theoretical Economics, v. 16(1), January 2021, pp. 197-234.
• Generalized Matching: Contracts and Networks (with John William Hatfield, Ravi Jagadeesan, Scott Duke Kominers, Alexandru Nichifor, Alexander Teytelboym, and Alexander Westkamp), Chapter 14 in Online and Matching-Based Market Design, edited by Federico Echenique, Nicole Immorlica, and Vijay Vazirani. Cambridge University Press, August 2023, pp. 303-322.

Transportation

• On the Interplay Between Self-Driving Cars and Public Transportation (with Nicolas Lanzetti, Maximilian Schiffer, and Marco Pavone), IEEE Transactions on Control of Network Systems, v. 11(3), September 2024, pp. 1478-1490.

Information Aggregation and Disclosure in Markets

• Information Aggregation in Dynamic Markets with Strategic Traders, Econometrica, v. 80(6), November 2012, pp. 2595-2648.
  • Supplemental Material.
• Strategic Trading in Informationally Complex Environments (with Nicolas Lambert and Mikhail Panov), Econometrica, v. 86(4), July 2018, pp. 1119-1157.
  • Online Appendix.
• Information Disclosure and Unraveling in Matching Markets (with Michael Schwarz), American Economic Journal: Microeconomics, v. 2(2), May 2010, pp. 34-63.
  • January 2003 working paper version.

Industrial Organization

• Simple Estimators for the Parameters of Discrete Dynamic Games, with Entry/Exit Examples (Ariel Pakes, Michael Ostrovsky, and Steve Berry), RAND Journal of Economics, v. 38(2), Summer 2007, pp. 373-399.
  • June 2005 working paper version.
  • Matlab code.
• Adoption of Standards under Uncertainty (with Michael Schwarz), RAND Journal of Economics, v. 36(4), Winter 2005, pp. 817-833.
  • Online Appendix.
• Synchronization under Uncertainty (with Michael Schwarz), International Journal of Economic Theory, v. 2(1), March 2006, pp. 1-16.

• Cross-Ownership, Returns, and Voting in Mergers (with Gregor Matvos), Journal of Financial Economics, v. 89(3), September 2008, pp. 391-403.
• Heterogeneity and Peer Effects in Mutual Fund Proxy Voting (with Gregor Matvos), Journal of Financial Economics, v. 98(1), October 2010, pp. 90-112.

Teaching

• Mgtecon 249/349 - Smart Pricing and Market Design (MBA).
• Fall 2014, Fall 2015, Winter 2018 - Winter 2022.
• Mgtecon 200/203 - Managerial Economics (MBA).
• Fall 2005 - Winter 2013, Winter 2024.
• Econ 285 - Matching and Market Design (PhD).
• Fall 2019 - Fall 2023.
• Mgtecon 615 - Topics in Market Design (PhD).
  • Spring 2008, Spring 2009, Spring 2011, Spring 2016 - Spring 2019.
• Mgtecon 602 - Auctions, Bargaining, Pricing, and Matching (PhD).
  • Spring 2012.