Education
Economics, PhD, Carnegie Mellon University
Additional Campus Affiliations
Investors in Business Education Distinguished Professor, Gies College of Business
Professor, Finance
Recent Publications
Barardehi, Y. H., Bernhardt, D., Ruchti, T. G., & Weidenmier, M. (2021). The Night and Day of Amihud’s (2002) Liquidity Measure. Review of Asset Pricing Studies, 11(2), 269-308. https://doi.org/10.1093/rapstu/raaa022
Bernhardt, D., Koufopoulos, K., & Trigilia, G. (Accepted/In press). Separating equilibria, underpricing and security design. Journal of Financial Economics. https://doi.org/10.1016/j.jfineco.2021.08.021
Liu, T., & Bernhardt, D. (2021). Rent Extraction with Securities Plus Cash. Journal of Finance, 76(4), 1869-1912. https://doi.org/10.1111/jofi.13018
Bernhardt, D., Liu, T., & Sogo, T. (2020). Costly auction entry, royalty payments, and the optimality of asymmetric designs. Journal of Economic Theory, 188, [105041]. https://doi.org/10.1016/j.jet.2020.105041
Bernhardt, D., Koufopoulos, K., & Trigilia, G. (2020). Is there a paradox of pledgeability? Journal of Financial Economics, 137(3), 606-611. https://doi.org/10.1016/j.jfineco.2020.05.003