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Screening and Adverse Selection in Frictional Markets

Benjamin Lester,Ali Shourideh,Venky Venkateswaran, Ariel Zetlin-Jones  

We incorporate a search-theoretic model of imperfect competition into an otherwise standard model of asymmetric information with unrestricted contracts.... Read More

Information and Competition with Symmetry

Pete Kyle,Pete Kyle, Mina Lee  

This paper investigates the strategic foundations for rational expectations equilibrium. In the model, risk-averse traders with two signals—private information and... Read More

Information Spillovers in Asset Markets with Correlated Values

Brett Green , William Fuchs Vladimir Asriyan  

We study information spillovers in a dynamic setting with corre- lated assets owned by privately-informed sellers. In the model,... Read More

Optimal Contracting and the Organization of Knowledge

luis garicano,luis rayo, William Fuchs  

We study contractual arrangements that support an efficient use of time in a knowledge- intensive economy in which agents... Read More