Qing Liu, Lucy White , Andrea Buffa Sep 15,2021
Most of the literature on organizational design and incentives assumes public contracting. Yet most real world compensation contracts are private... Read More
Ivan Marinovic , Martin Szydlowski Sep 22,2020
We study the disclosure policy of a regulator overseeing a monitor with reputation concerns, such as a bank or... Read More
Brett Green , William Fuchs , Vladimir Asriyan Nov 05,20190
How effectively does a decentralized marketplace aggregate information that is dispersed throughout the economy? We study this question in a... Read More
Dana Foarta, Vladimir Asriyan Victoria Vanasco Nov 05,20190
This paper explores the incentives of product designers to complexify products, and the resulting implications for overall product quality. In... Read More
Semih Uslu Mar 27,20194
I develop a search-and-bargaining model of endogenous intermediation in over-the-counter markets. Unlike the existing work, my model allows for rich... Read More
Published: Econometrica, 2019, 87(6), 2079-2140James Dow,Jungsuk Han, Francesco Sangiorgi Sep 20,2018
Will arbitrage capital flow into a market experiencing a liquidity shock, mitigating the adverse effect of the shock on price... Read More
Briana Chang , Martin Szydlowski Sep 21,2018
We present a model of the market for advice in which advisers have conflicts of interest and compete for... Read More
Alice Hsiaw, Ing-Haw Cheng Dec 14,2018
Why do individuals interpret the same information differently? We propose that individuals follow Bayes' Rule when forming posteriors with one exception:... Read More
Brian Waters , Edward Van Wesep Dec 17,2018
We present a general equilibrium model of labor market ows that features a periodic equilibrium in which turnover is high... Read More
Benjamin Lester,Ali Shourideh,Venky Venkateswaran, Ariel Zetlin-Jones Jul 06,2018
We incorporate a search-theoretic model of imperfect competition into an otherwise standard model of asymmetric information with unrestricted contracts.... Read More