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jmartel@iu.edu

I am a Visiting Assistant Professor of Finance at Indiana University Bloomington. I received my PhD in Finance from the University of Colorado Boulder in 2018. My research interests include:

  • Dynamic trading games

  • Housing

  • Communication Games

I have taught introductory finance, intermediate corporate finance, and intermediate investments.


Working Papers

*Scheduled, **Co-author, ***Scheduled and Co-author

Constrained Asset Prices

[Paper] [Slides]

with Ed Van Wesep

Revise and Resubmit at the Journal of Finance

2017 Front Range Conference, 2017 SFS Cavalcade, 2018 European Winter Finance Conference** 

We develop a model of asset pricing in which buyers are either unable or unwilling to buy an asset at a price substantially above its price in recent transactions.

Learning by Owning in a Lemons Market

[Paper] [Slides]

with Brian Waters and Kenneth Mirkin

2019 MFA*

We study market dynamics when an owner learns over time about the quality of her asset.

Quality Uncertainty in Housing Markets

[Paper] [Slides][R Code]

2018 ARES, 2018 UAE, 2019 AREUA-ASSA

In this paper, I quantify the effect of buyers' uncertainty about a home's quality on its pricing and liquidity.

Internal Finance in Customer Owned Firms

[Paper] [Poster]

2017 AFA PhD Poster Session

I propose a theory of internal finance for the customer owned firm.


Works in Progress

*Scheduled, **Co-author, ***Scheduled and Co-author

Optimal Ratings

2018 FIRS, 2019 RCFS/RAPS***

with Ed Van Wesep and Robert Van Wesep

We show that the purpose of a reviewer generates the optimal distribution of reviews.

Currency Controls, Safe Assets, and Housing Markets

UEA 2018

with Francisco Morales

In this paper, we investigate how currency controls affect pricing and liquidity in housing markets.

Confirmation Biased Boards of Directors

with Jan Schneemier

We analyze a board of directors that learns about the CEO's unknown quality based on a public signal but partially ignores this information if it is inconsistent with its prior.


Publications

Quality, Price, and Time-on-Market

Economics Letters, 171: 97 - 101, 2018

[Paper] [Companion Note]

I propose a simple model of quality, price, and time-on-market.


Field Work