Investigation into the relations between market fundamentals and US natural gas prices is carried out in the regime-switching framework. To test the hypothesis that US natural gas market may switch between two states of market: bullish market and bearish market, a 2-state regime-switching model...

This dissertation analyzes pricing under uncertainty focusing on the U.S. airlineindustry. It sets to test theories of price dispersion driven by uncertainty in the demandby taking advantage of very detailed information about the dynamics of airlineprices and inventory levels as the flight date...

My research focuses on the reasons for banking crises and the corresponding policy rulesthat could help prevent such crises. This abstract briefly reviews the two essays in mydissertation. The first essay focuses on the optimal mechanism design of the depositinsurance system while the second...