Arie Harel, Giora Harpaz and Jack Clark Francis, “Market Efficiency: Is it Possible?” The International Journal of Finance, Vol. 28, No. 1, 2016, pp. 1-13.

Arie Harel, Giora Harpaz and Jack Clark Francis, “Optimal Executive Compensation Schemes” The International Journal of Finance, Vol. 26, No. 1, 2014, pp. 1-7.

Arie Harel, “Convexity Results for the Erlang Delay and Loss Formulae When the Server Utilization is Held Constant” Operations Research, Vol. 59, No. 6 (2011), pp. 1420-1426.

Arie Harel, Giora Harpaz and Jack Clark Francis “Analysis of Efficient Markets,” Review of Quantitative Finance and Accounting, Vol. 36, No. 2 (2011), pp. 287-296.

Jack C. Francis, Arie Harel, and Giora Harpaz, “Actuarially Fair Premia for Deductible Insurance Policies,” American Economist, Vol. 55, No.2 (2010), pp. 83-91.

Arie Harel, “Sharp and Simple Bounds for the Erlang Delay and Loss Formulae,” Queueing Systems, Vol. 64, No. 2, (2010), pp. 119-143.

Arie Harel, Giora Harpaz and Joseph Yagil, “A New Paradigm for Forecasting Security Returns in a Market Regulated by Price Limits,” Review of Quantitative Finance and Accounting, Vol. 35, No. 1 (2010), pp. 113-121.

Jack C. Francis, Arie Harel, and Giora Harpaz, “Exchange Mergers and Electronic Trading,” The Journal of Trading, Vol. 4, No. 1, winter 2009, pp. 35-43.

Arie Harel, Giora Harpaz, and Jack Clark Francis, “Pricing Securities with Exchange-Imposed Price Limits Via Risk Neutral Valuation,” International Journal of Theoretical & Applied Finance, Vol. 10, No. 3 (2007), pp. 399-406.

Arie Harel, Giora Harpaz, and Jack Clark Francis, “Pricing Futures on Geometric Indexes: A Discrete Time Approach,” Review of Quantitative Finance and Accounting, Vol. 28, No. 3 (2007), pp. 227-240.

Horace J. DePodwin Award for Research, Rutgers University, GSM, 1988

Beta Gamma Sigma, Columbia University, 1985

M.Sc., Summa Cum Laude, Ben Gurion University, 1976