We study a bargaining model in which a buyer makes frequent offers to a privately informed seller. In addition, the... Read More
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Performance persistence in the private equity industry, especially in venture funds, is often interpreted as evidence of differential abilities among... Read More
In dynamic financial markets the stochastic supply of risky assets has a significant informational role. Contrary to static models, where... Read More
Published: Journal of Financial Economics 122 (2016), pp. 568–584
We present a financial market in which investors endogenously organize themselves into a continuous hierarchy of costly private information. Small... Read More
We study strategic communication of verifiable information in a dynamic setting. The principal chooses when to exercise a real option.... Read More