Academic Publications

Peer Reviewed

Beyond regulation: A cooperative approach to high frequency trading and financial market monitoring. CATO Institute Policy Analysis, No. 771

An analysis of global HFT regulation: Motivations, market failures, and alternative outcomes. Mercatus Center Working Paper No. 14-11, April 2014

High frequency trading: Do regulators need to control this tool of informationally efficient Markets? CATO Institute Policy Analysis No. 731.

Velocity of information in financial markets: A theory of market value change. The Journal of Investing, 21(3), 55-59

Efficient financial markets as organizations: A metaphoric analysis. Insights to a Changing World, 2012(1)

A contemporary framework for emotions in consumer decision-making: Moving beyond traditional models. International Journal of Business and Social Science, 2(17), 12-16

Status of the ‘BRICs’: An analysis of growth factors. International Research Journal of Finance and Economics, (69), 19-25.

Toward a value inclusive theory of economic decision-making: A ‘new science’ model. European Journal of Social Sciences, (21)4, 638-649.

Expert Commentary & Testimonies

Subrahmanyam, A. & Bell, H. A. (25 May 2016). Why the SEC Should Just Say ‘No’ to IEX, CNBC, Retrieved from

Bell, H. A. (9 April 2016). Disruption is Not Innovation, John Lothian News. Retrieved from

Bell, H. A. (1 April 2016). Well-structured sales tax does more for Alaska than income tax, Alaska Dispatch News. Retrieved from

Bell, H. A. (16 March 2016). The Potential Effects of Reg AT: Unintended Risks and Diminished Cooperation with Market Participants [CFTC Public Interest Comment]. Retrieved from

Bell, H. A. (9 February 2016). Occam’s Razor Can Cut Alaska’s Budget Problems to the Bone, Alaska Dispatch News. Retrieved from

Bell, H. A. (November 2014). High frequency, fat target. Reason Magazine, (46)6, 73.

Bell, H. A. (2 May 2014). HFT regulation requires attention to motives and consequences. Tabb Forum. Retrieved from

Bell, H. A. (21 April 2014). Are the markets really rigged? Internationally syndicated via McClatchy-Tribune. Retrieved from

Bell, H. A. (18 December 2013). CFTC proposal for high-speed trading may drive business offshore. American Banker.

Bell, H. A. (2013). Government should not overregulate the HFT market. USA Today (Magazine), 142(2820), 14-17.

Bell, H. A. (2013). 17 CFR Chapter I Concept Release on Risk Controls and System Safeguards for Automated Trading Environments [CFTC Public Interest Comment]. Retrieved from

Bell, H. A. (8 February 2013). Regulator, go slow on reining in high-speed trading. The Wall Street Journal, A13. Retrieved from

Bell, H. A. (2012). Online learning, only better. The Chronicle of Higher Education, 59(6). Retrieved from