Sergei Koulayev

Economist, Consumer Financial Protection Bureau

Education: PhD in Economics, Columbia University, 2010; MA in Economics, New Economic School, 2003;

Fields: industrial organization; applied microeconomics. Research interests: household finance; empirical modeling of search; antitrust economics;

Contact: Google Scholar profile.

Completed research

No Shopping in the U.S. Mortgage Market: Direct and Strategic Effects of Providing Information, with Alexei Alexandrov; CFPB Working Paper No. 2017-01

Price to Compete ... With Many: How to Identify Price Competition in High Dimensional Space, with Jun Li and Serguei Netessine, Management Science, 2017

Optimizing Click-through in Online Rankings with Endogenous Search Refinement, with Babur de los Santos, Marketing Science 36.4 (2017): 542-564.

Explaining adoption and use of payment instruments by US consumers, Marc Rysman, Scott Schuh and Joanna Stavins. RAND Journal of Economics, Volume 47, Issue 2, 2016

Can Physicians Affect Patient Adherence with Medication?, with Emilia Simeonova and Niels Skipper, Health Economics, 2016. Earlier and more detailed version of the paper is NBER Working Paper 19496

Using the Economics of the Pass Through in Proving Antitrust Injury in Robinson-Patman cases, with Alexei Alexandrov, The Antitrust Bulletin December 2015 vol. 60 no. 4 345-357

Can Health IT Adoption Reduce Health Disparities?, with Emilia Simeonova, Health Systems 4, 55-63 (March 2015)

Search for differentiated products: identification and estimation, RAND Journal of Economics, Volume 45, Issue 3, 2014.

Search with Dirichlet priors: estimation and implications for consumer demand, Journal of Business and Economic Statistics, Volume 31, Issue 2, 2013.

Work in progress

Estimating Marginal Effects of Government Sponsored Entities, with Alexei Alexandrov and Thomas Conkling

What are the determinants of patient behavior? Measuring the benefits of doctor choice: consequences for patient compliance, health care utilization and health outcomes. (with Emilia Simeonova and Niels Skipper; supported by a grant from the Danish Council for Independent Research).


Information, Game Theory and Market Design, for Applied Economics Master's program, Univ of Maryland (2014,2015)

Market Organization and Public Policy, a graduate level class in Boston University. (2012)

Industrial Organization-Competition and Antitrust, an undergraduate course in Boston College (2012-2013)

Introduction to Econometrics, an undergraduate course in Boston College (2012-2013)


Married to Emilia Simeonova

Nationality: Russian. Languages: Russian, English, conversational Bulgarian and some French

Religion: Russian Orthodox

Interests: Photography, Sailing, Russian History, Nature

Some useful links:

Chronocontrol - a little program that forces to take breaks in a regular intervals. I do a lot of coding, and this program saves from aching eyes, headache, and useless work.

Changedetection - a free web service that allows you to track changes on static webpages. I use this to track some 50 economists in whose work I'm interested in. This tool sends me email every time a new paper shows up on the web.