Marshall Blume Prize

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The late Marshall Blume, Howard Butcher III Professor Emeritus of Financial Management; Professor Emeritus of Finance

The Marshall Blume Prizes in Financial Research are awarded annually to the best Wharton (unpublished) working papers in financial economics written during the prior calendar year. First prize paper is $10,000, and honorable mention papers each receive $5,000.

The Marshall Blume Prizes in Financial Research were established in 2011 to honor the late Marshall Blume (Center Director from 1986 – 2010) upon his retirement from the Wharton Finance Department after over 40 years of service. The Prizes are funded exclusively by the generosity of Mr. Bruce Terker, W’76, WG’78, a former student of Marshall Blume and longtime benefactor of the Center.

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2024 Marshall Blume Prizes

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FIRST PRIZE

Capital, Ideas, and the Costs of Financial Frictions

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Thomas Winberry

HONORABLE MENTIONS

AI-Powered Trading, Algorithmic Collusion, and Price Efficiency

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Winston Wei Dou

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Itay Goldstein

Perpetual Futures Pricing

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Urban J. Jermann

2023 Marshall Blume Prizes

First Prize
Mortgage Lock-In, Mobility, and Labor Reallocation by Lu Liu (and Jessica Fonseca)

Honorable Mentions
The Cross-section of Subjective Expectations: Understanding Prices and Anomalies by Sean Myers (with Ricardo Delao and Xiao Han)

The Macroeconomics of Trade Credit by Gideon Bornstein (and Luigi Bocola)