His work focuses on real options, particularly the impact of competition and private information on option exercise decisions, the underpinnings of real estate cycles, and the valuation of lease contracts. He published in the Journal of Finance, Journal of Financial Economics, the Review of Financial Studies and others. He has been co-editor of the Journal of Real Estate Finance and Economics. He is also a senior financial economist with Financial Engines, Inc., a Director of E*Trade Funds, and a consultant to a number of Fortune 500 companies.