Research

Education

• Ph.D. 1994, Graduate School of Industrial Administration, Carnegie Mellon University, USA Major: Accounting, Minor: Information Systems.
• MS 1992, Major: Accounting, Graduate School of Industrial Administration, Carnegie Mellon University, USA.
• MS 1990, Major: Information Systems, Graduate School of Industrial Administration, Carnegie Mellon University, USA.
• MBA 1988, Indian Institute of Management, India.
• BS 1986, Major: Electronics and Communication Engineering, Institute of Technology, India.

Experience

• 1993-98 Assistant Professor of Accounting, William E. Simon Graduate School of Business, University of Rochester
• 1998- Assistant Professor of Accounting, Stern School of Business, New York University

Research Interests

• Accounting-based valuation, earnings forecasts, contracts, design of markets, and automated trading

Honors and Awards

• Richard M. and Margaret S. Cyert Family Fellowship, given to the doctoral student who "best demonstrates the capacity for interdisciplinary work of unusual vision, originality, imagination and creativity," Graduate School of Industrial Administration, Carnegie Mellon University, 1991.
• Doctoral Consortium Fellow at the American Accounting Association, Tahoe City, California, 1991.
• Deloitte and Touche Foundation Fellow, 1990-1993.
• William Larimer Mellon Fellowship, Graduate School of Industrial Administration, Carnegie Mellon University, 1988-1991

Publications

• Gode, D.K. and Sunder, S. Double Auction Dynamics: Structural Effects of Non-Binding Price Controls forthcoming in the Journal of Economics Dynamics and Control.
• Barclay, M., Gode, D.K., and Kothari, S.P. Measuring Delivered Performance, Paper accepted for Asia Pacific Journal of Accounting and Economics conference in Kuala Lumpur. The paper may be published in APJAE later.
• Gode, D.K. and James Ohlson, Accounting-based Valuation with Changing Interest Rates, forthcoming in the Review of Accounting Studies in 2004.
• Gode, D.K. and Partha Mohanram, Inferring the Cost of Capital using the Ohlson-Juettner Model, Review of Accounting Studies, Volume 8, Number 4, December 2003.
• Gode, D.K. and Sunder, S. (1997) What Makes Markets Allocationally Efficient? Quarterly Journal of Economics, May 1997.
• Gode, D. K. and Sunder, S. (1993). Allocative Efficiency of Markets with Zero Intelligence Traders: Market as a Partial Substitute for Individual Rationality. Journal of Political Economy, Volume 101, Number 1, February, 119-137.
• Gode, D. K. and Sunder, S. (1993). Human and Artificially Intelligent Traders in Computer Double Auctions. K. Carley and M. Prietula (Eds.), Computational Organizational Theory, Hillsdale, NJ: Erlbaum.
• Gode, D. K. and Sunder, S. (1993). Lower Bounds for Efficiency of Surplus Extraction in Double Auctions. In The Double Auction Market: Institutions, Theories, and Evidence, edited by D. Friedman and J. Rust, Santa Fe Institute Series in the Sciences of the Complexity, Proceedings Volume XV. New York, NY, Addison-Wesley.
• Gode, D. K., Barua, A. and Mukhopadhyay, T. (1990). On the Economics of Software Maintenance Problem. Proceedings of the International Conference of Information Systems, Denmark, 159-170.

Working Papers

• Predicting Analyst Forecast Revisions and Earnings Surprises with Partha Mohanram, 2001
• Impact of Verifiability on Contracts, with Rajdeep Singh, 2001
• The Relative Use of Earnings and Stock Prices in CEO Compensation, with Partha Mohanram, 2001.
• Impact of Stock Options on Earnings Per Share, with James Ohlson, 2001.
• Gode, D.K. and Sunder, S. (2001) Convergence of Double Auctions to Contract Curve in an Edgeworth Box.
• Gode, D. K. and Sunder, S. On the Impossibility of Global Continuously-Clearing Markets: The Case for Call Markets.

Presentations

• Gode, D. K. and Mohanram, P. (2002), Inferring the Cost of Capital using the Ohlson-Juettner Model, Yale School of Management.
• Gode, D.K., and Ohlson, J. (2002) Accounting-based Valuation with Changing Interest Rates. Rutgers University Business School, Newark.
• Gode, D.K., and Mohanram P. (2002) Implied Cost of Capital, USC conference.
• Gode, D.K., and Ohlson, J. (2001) Accounting-based Valuation with Changing Interest Rates. Carnegie Mellon University Conference.
• Gode, D.K., and Mohanram P. (2001) Implied Cost of Capital NYU-Columbia Joint Workshop
• Gode, D.K., and Mohanram P. (2000) What Affects the Implied Cost of Equity Capital? New York University
• Gode, D.K., and Mohanram P. (2000) The Relative Use of Earnings and Stock Prices in CEO Compensation, American Accounting Association.
• Gode, D.K., and Ohlson, J. (2000) P-E Multiples and Changing Interest Rates. New York University.
• Gode, D.K. and Sunder, S. (1999) Design of Auctions, University of Texas at Dallas.
• Gode, D.K., and Mohanram P. (1999) The Relative Use of Earnings and Stock Prices in CEO Compensation New York University.
• Barclay, M., Gode, D.K., and Kothari, S.P. (1999) Measuring Delivered Performance, Baruch College
• Gode, D.K. and Sunder, S. (1999) Design of Auctions, IBM Watson Research Center
• Gode, D. K., 1999, Electronic Texts, Lehigh University/Lafayette College
• Gode, D. K., 1999, Electronic Texts, Ramapo College
• Gode, D. K., 1998, Electronic Texts, American Accounting Association, New Orleans.
• Gode, D. K., 1998, Electronic Texts, Rutgers University, Newark.
• Gode, D. K., 1998, Electronic Texts, American Accounting Association, New Orleans.
• Barclay, M., Gode, D.K., and Kothari, S.P. (1997) Measuring Delivered Performance, Conference at SUNY Buffalo
• Barclay, M., Gode, D.K., and Kothari, S.P. (1997) Measuring Delivered Performance, New York University
• Gode, D. K. and Sunder, S. (1997). Double Auction Dynamics: Structural Consequences of Non-Binding Price Controls Economic Science Association meetings in Tucson
• Barclay, M., Gode, D.K., and Kothari, S.P. (1997) Measuring Delivered Performance, Harvard Business School
• Gode, D. K. and Sunder, S. (1997). Double Auction Dynamics: Structural Consequences of Non-Binding Price Controls American Economic Association Meetings in New Orleans
• Barclay, M., Gode, D.K., and Kothari, S.P. (1996) Earnings versus Price Changes: Delivered versus Expected Performance, Department of Accounting, SUNY Buffalo
• Barclay, M., Gode, D.K., and Kothari, S.P. (1996) Earnings versus Price Changes: Delivered versus Expected Performance, Simon School of Business, University of Rochester
• Gode, D. K. and Sunder, S. (1996). What Makes Markets Allocationally Efficient? At the Department of Accounting, University of Minnesota
• Gode D.K. (1995). Future of Markets-Based Research in Accounting. Member of the panel discussion with Professors William Beaver and Joel Demski at the American Accounting Association, Annual Conference.
• Gode, D. K. and Sunder, S. (1993). What Makes Markets Allocationally Efficient? At the Department of Economics, Univeristy of Rochester
• Gode, D. K. and Sunder, S. (1993). What Makes Markets Allocationally Efficient? At the Accounting and Finance Conference, Washington University, St. Louis, October 1993.
• Gode, D. K. (1993). Joint and Several Liability of Auditors. At the Accounting and Finance Conference, Washington University, St. Louis, October 1993.
• Gode, D. K. and Sunder, S. (1992). Some Issues in the Electronic Modeling of Continuous Double Auctions with Computer Traders. Conference on Computational Economics, IC2 Institute, University of Texas at Austin.
• Gode, D. K. and Sunder, S. (1991). Lower Bounds for Efficiency of Surplus Extraction in Double Auctions. Meetings of the Economic Science Association, Tucson, Arizona.
• Gode, D. K. and Sunder, S. (1990). Electronic Stock Exchange and Trading System. IBM Academic Computing Conference, Miami.
• Gode, D. K. and Sunder, S. (1989). Human and Artificially Intelligent Traders in Computer Double Auctions. Meetings of the Economic Science Association, Tucson, Arizona.

Citations to papers: Total Citations = 66

• Bapna R, Goes P, Gupta A Comparative analysis of multi-item online auctions: evidence from the laboratory DECIS SUPPORT SYST 32 (2): 135-153 Sp. Iss. SI DEC 2001
• Nicolaisen J, Petrov V, Tesfatsion L Market power and efficiency in a computational electricity market with discriminatory double-auction pricing IEEE T EVOLUT COMPUT 5 (5): 504-523 OCT 2001
• Zizzo DJ Individual psychology, market scaffolding, and behavioral tests BEHAV BRAIN SCI 24 (3): 432-+ JUN 2001
• Baecker D Economic theory with a grain of irony MERKUR-DEUT Z EUR D 55 (6): 520-525 JUN 2001
• Luo GY Natural selection and market efficiency in a futures market with random shocks J FUTURES MARKETS 21 (6): 489-516 JUN 2001
• White CD, Pohl MED, Schwarcz HP, et al. Isotopic evidence for Maya patterns of deer and dog use at Preclassic Colha (Belize) J ARCHAEOL SCI 28 (1): 89-107 JAN 2001
• Park S, Durfee EH, Birmingham WP Emergent properties of a market-based digital library with strategic agents AUTON AGENT MULTI-AG 3 (1): 33-51 MAR 2000
• Haruvy E, Stahl DO, Wilson PW Modeling and testing for heterogeneity in observed strategic behavior REV ECON STAT 83 (1): 146-157 FEB 2001
• Ball S, Eckel C, Grossman PJ, et al. Status in markets Q J ECON 116 (1): 161-188 FEB 2001
• Mirowski P, Somefun K Fecund, cheap and out of control: Heterogeneous economic agents as flawed computers vs. markets as evolving computational entities LECT NOTES ECON MATH 484: 267-298 2000
• Prietula MJ, Watson HS Extending the Cyert-March duopoly model: Organizational and economic insights ORGAN SCI 11 (5): 565-585 SEP-OCT 2000
• Sobel J Economists' models of learning J ECON THEORY 94 (2): 241-261 OCT 2000
• Banker RD, Slaughter SA The moderating effects of structure on volatility and complexity in software enhancement INFORM SYST RES 11 (3): 219-240 SEP 2000
• Cliff D, Bruten J Animat market - Trading interactions as collective social adaptive behavior ADAPT BEHAV 7 (3-4): 385-414 WIN 1999
• Plott CR Markets as information gathering tools SOUTHERN ECON J 67 (1): 1-15 JUL 2000
• Swanson EB, Dans E System life expectancy and the maintenance effort: Exploring their equilibration MIS QUART 24 (2): 277-297 JUN 2000
• Hirst DE, Koonce L, Miller J The joint effect of management's prior forecast accuracy and the form of its financial forecasts on investor judgment J ACCOUNTING RES 37: 101-124 Suppl. S 1999
• LeBaron B Agent-based computational finance: Suggested readings and early research J ECON DYN CONTROL 24 (5-7): 679-702 JUN 2000
• Bloomfield RJ, Wilks TJ Disclosure effects in the laboratory: Liquidity, depth, and the cost of capital ACCOUNT REV 75 (1): 13-41 JAN 2000
• Rachlevsky-Reich B, Ben-Shaul I, Chan NT, et al. GEM: A global electronic market system INFORM SYST 24 (6): 495-518 SEP 1999
• Waller WS, Shapiro B, Sevcik G Do cost-based pricing biases persist in laboratory markets? ACCOUNT ORG SOC 24 (8): 717-739 NOV 1999
• Nilsson JE Allocation of track capacityExperimental evidence on the use of priority auctioning in the railway industry INT J IND ORGAN 17 (8): 1139-1162 NOV 1999
• Breuer JB Day-of-week effects in tests of forward foreign exchange rate unbiasedness INT J FINANC ECON 4 (3): 193-204 JUL 1999
• Radhakrishnan S Investors' recovery friction and auditor liability rules ACCOUNT REV 74 (2): 225-240 APR 1999
• Flor NV, Lerch FJ, Hong SJ A market-driven approach to teaching software components engineering ANN SOFTW ENG 6: 223-251 1998
• Loewenstein G Experimental economics from the vantage-point of behavioural economics ECON J 109 (453): F25-F34 FEB 1999
• Mirowski P, Somefun K Markets as evolving computational entities J EVOL ECON 8 (4): 329-356 DEC 1998
• Fehr E, Falk A Wage rigidity in a competitive incomplete contract market J POLIT ECON 107 (1): 106-134 FEB 1999
• Bockus K, Gigler F A theory of auditor resignation J ACCOUNTING RES 36 (2): 191-208 FAL 1998
• Lerch FJ, Flor NV, Fichman M, et al. Software reuse and competition: Consumer preferences in a software component market ANN SOFTW ENG 5: 53-83 1998
• Kemerer CF Progress, obstacles, and opportunities in software engineering economics COMMUN ACM 41 (8): 63-66 AUG 1998
• Rizvi SAT Responses to arbitrariness in contemporary economics HIST POLIT ECON 29: 273-288 Suppl. S 1997
• Crocker TD, Shogren JF, Turner PR Incomplete beliefs and nonmarket valuation RESOUR ENERGY ECON 20 (2): 139-162 JUN 1998
• Hodgson GM The approach of institutional economics J ECON LIT 36 (1): 166-192 MAR 1998
• Gjerstad S, Dickhaut J Price formation in double auctions GAME ECON BEHAV 22 (1): 1-29 JAN 1998
• Alsemgeest P, Noussair C, Olson M Experimental comparisons of auctions under single- and multi-unit demand ECON INQ 36 (1): 87-97 JAN 1998
• BoschDomenech A, Silvestre J Credit constraints in general equilibrium: Experimental results ECON J 107 (444): 1445-1464 SEP 1997
• Kemerer CF, Slaughter SA Determinants of software maintenance profiles: An empirical investigation J SOFTW MAINT-RES PR 9 (4): 235-251 JUL-AUG 1997
• Dopuch N, Ingberman DE, King RR An experimental investigation of multi-defendant bargaining in 'joint and several' and proportionate liability regimes J ACCOUNT ECON 23 (2): 189-221 JUL 1997
• Davis DD, Williams AW The effects of nonstationarities on performance in call markets J ECON BEHAV ORGAN 32 (1): 39-54 JAN 1997
• Gode DK, Sunder S What makes markets allocationally efficient? Q J ECON 112 (2): 603-630 MAY 1997
• Evans DA The role of markets in reducing expected utility violations J POLIT ECON 105 (3): 622-636 JUN 1997
• White HC Can mathematics be social? Flexible representations for interaction process and its sociocultural constructions SOCIOL FORUM 12 (1): 53-71 MAR 1997
• Jamal K, Sunder S Bayesian equilibrium in double auctions populated by biased heuristic traders J ECON BEHAV ORGAN 31 (2): 273-291 NOV 1996
• Cason TN, Friedman D Price formation in single call markets ECONOMETRICA 65 (2): 311-345 MAR 1997
• Rajan V, Slagle JR, Dickhaut J, et al. Decentralized problem solving using the double auction market institution EXPERT SYST APPL 12 (1): 1-10 1997
• Chan TZ, Chung SL, Ho TH An economic model to estimate software rewriting and replacement times IEEE T SOFTWARE ENG 22 (8): 580-598 AUG 1996
• McAfee RP, McMillan J Competition and game theory J MARKETING RES 33 (3): 263-267 AUG 1996
• Conlisk J Why bounded rationality? J ECON LIT 34 (2): 669-700 JUN 1996
• Cason TN, Friedman D Price formation in double auction markets J ECON DYN CONTROL 20 (8): 1307-1337 AUG 1996
• VanBoening MV, Wilcox NT Avoidable cost: Ride a double auction roller coaster AM ECON REV 86 (3): 461-477 JUN 1996
• Cox JC, Grether DM The preference reversal phenomenon: Response mode, markets and incentives ECON THEORY 7 (3): 381-405 APR 1996
• ANDERSON MJ, SUNDER S PROFESSIONAL TRADERS AS INTUITIVE BAYESIANS ORGAN BEHAV HUM DEC 64 (2): 185-202 NOV 1995
• LUO GY EVOLUTION AND MARKET COMPETITION J ECON THEORY 67 (1): 223-250 OCT 1995
• NARAYANAN VG AN ANALYSIS OF AUDITOR LIABILITY RULES J ACCOUNTING RES 32: 39-59 Suppl. S 1994
• HARDLE W, KIRMAN A NONCLASSICAL DEMAND - A MODEL-FREE EXAMINATION OF PRICE-QUANTITY RELATIONS IN THE MARSEILLES FISH MARKET J ECONOMETRICS 67 (1): 227-257 MAY 1995
• GRETHER DM INDIVIDUAL BEHAVIOR AND MARKET PERFORMANCE AM J AGR ECON 76 (5): 1079-1083 DEC 1994
• STAHL DO, WILSON PW EXPERIMENTAL-EVIDENCE ON PLAYERS MODELS OF OTHER PLAYERS J ECON BEHAV ORGAN 25 (3): 309-327 DEC 1994
• DENZAU AT, NORTH DC SHARED MENTAL MODELS - IDEOLOGIES AND INSTITUTIONS KYKLOS 47 (1): 3-31 1994
• THOMAN L STRICT LIABILITY AND NEGLIGENCE RULES WHEN THE PRODUCT IS INFORMATION ECON LETT 44 (1-2): 205-213 1994
• RUST J, MILLER JH, PALMER R CHARACTERIZING EFFECTIVE TRADING STRATEGIES - INSIGHTS FROM A COMPUTERIZED DOUBLE AUCTION TOURNAMENT J ECON DYN CONTROL 18 (1): 61-96 JAN 1994
• LEIJONHUFVUD A TOWARDS A NOT-TOO-RATIONAL MACROECONOMICS SOUTHERN ECON J 60 (1): 1-13 JUL 1993
• GODE DK, SUNDER S ALLOCATIVE EFFICIENCY OF MARKETS WITH ZERO-INTELLIGENCE TRADERS - MARKET AS A PARTIAL SUBSTITUTE FOR INDIVIDUAL RATIONALITY J POLIT ECON 101 (1): 119-137 FEB 1993
• CASON TN CALL MARKET-EFFICIENCY WITH SIMPLE ADAPTIVE LEARNING ECON LETT 40 (1): 27-32 SEP 1992
• DOMOWITZ I EQUALLY OPEN AND COMPETITIVE - REGULATORY APPROVAL OF AUTOMATED TRADE EXECUTION IN THE FUTURES MARKETS J FUTURES MARKETS 13 (1): 93-113 FEB 1993
• Arya A, Glover JC, Sivaramakrishnan K The interaction between decision and control problems and the value of information ACCOUNT REV 72 (4): 561-574 OCT 1997