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My main research interests are Economic Dynamics, Auctions, Bargaining and Repeated Games.
"Tacit
Collusion in Repeated Auctions"
with Hugo Hopenhayn (2004), Journal of Economic Theory, 114 (1), pp.
153-169. "Uncertainty
about uncertainty and delay in bargaining"
with Yossi Feinberg (2005),
Econometrica 73
(1) pp. 69-91.
A previous version (with a different set of equilibria) is: Stanford GSB Research Paper No. 1765, September 2002. "Bidding
with Securities - Auctions and Security Design"
with Peter DeMarzo and Ilan Kremer (2005), American Economic Review 95 (4) pp. 936 - 959. Online Appendix "Inflation
and Price Setting in a Natural Experiment"
with Jerzy D. Konieczny (2005),
Journal of Monetary
Economics 52(3), pp.
621-632. Link
to the journal's website,
Stanford
GSB Research Paper #1695,
July 2001. "Dynamic
signaling and market breakdown" with Ilan
Kremer (2007),
Journal
of Economic Theory 133 (1) pp. 58-82. "Collusion under Monitoring of Sales" with Joseph E. Harrington, Jr. (2007), RAND Journal of Economics, 38(2), pp. 314-331. "Impossibility of Collusion under Imperfect Monitoring with Flexible Production" with Yuliy Sannikov (2007), American Economic Review, 97(5), pp. 1794-1823. "The role of information in repeated games with frequent actions" with Yuliy Sannikov (2010), Econometrica, 78(3), pp. 847–882 Plus, Supplementary Material with additional proofs. "Bargaining with Arrival of New Traders" with William Fuchs (2010) American Economic Review 100 (3), pp. 802–36. ONLINE APPENDIX "Private Monitoring and Communication in Cartels: Explaining Recent Collusive Practices" with Joseph Harrington (2011), American Economic Review 101(6), 2425–49. (Appendix) "Using Spectrum Auctions to Enhance Competition in Wireless Services" with Peter Cramton, Evan Kwerel and Gregory Rosston (2011), Journal of Law and Economics 54(4), pp.167-188. "Beliefs
and Private Monitoring" with
Christopher Phelan (2012). Review of Economic Studies 79(4), pp. 1637-1660. "Lattice Games and the Economics of Aggregators." with Patrick Jordan, Uri Nadav, Kunal Punera, and George Varghese (2012), Proceedings of 21st International World Wide Web (WWW 2012). "Bridging the Gap: Bargaining with Interdependent Values" with William Fuchs (2013). Journal of Economic Theory 148: 1226–1236.. ONLINE APPENDIX "Bargaining with Deadlines and Private Information" with William Fuchs (2013). American Economic Journal: Microeconomics 5(4): 219-43.. "Auctions with Contingent Payments - an Overview" (2013). International Journal of Industrial Organization 31(5): 666-675. (Special Issue: Selected Papers, European Association for Research in Industrial Economics 39th Annual Conference, Rome, Italy, September 2-4, 2012). "Rules With Discretion and Local Information" (2013) with Renee Bowen and David Kreps. Quarterly Journal of Economics 128(3): 1273-1320. ONLINE APPENDIX "Limited Records and Reputation Bubbles" (2014) with Qingmin Liu. Journal of Economic Theory 151:2-29. "Not Only What but also When - A Theory of Dynamic Voluntary Disclosure.” (2014) with Ilan Guttman and Ilan Kremer. American Economic Review 104(8): 2400-2420. ONLINE APPENDIX "Time Horizon and Cooperation in Continuous Time" (2015) with Maria Bigoni, Marco Casari and Giancarlo Spagnolo. Econometrica 83(2): 587-616. ONLINE APPENDIX "A Theory of Market Pioneers, Dynamic Capabilities and Industry Evolution" (2015) with
Matthew Mitchell. Management Science 61(7), pp.1598-1614. "Mechanisms for Repeated Trade" (2015) with Juuso Toikka (previously "Mechanisms for Repeated Bargaining." American Economic Journal: Microeconomics 7(4), pp. 252-93. "Recall and Private Monitoring" (2015) with Christopher Phelan. Games and Economic Behavior 90:162–17. "Government Interventions in a Dynamic Market with Adverse Selection" (2015) with William Fuchs, Journal of Economic Theory 158, pp. 371-406. "Revenue Management with Forward-Looking Buyers" (2016) with
Simon Board. Journal of Political Economy. 124(4), pp.1046-1087. "Selling Information" (2016) with Johannes Hörner. Journal of Political Economy 124(6) 1515-1562. "Transparency and Distressed Sales under Asymmetric Information" (2016) with William Fuchs and Aniko Öry. Theoretical Economics 11(3) pp. 1103–1144. "Properties of the Combinatorial Clock Auction" (2016) with Jonathan Levin. American Economic Review 106(9), pp. 2528-2551. ONLINE APPENDIX "Dynamic Certification and Reputation for Quality" (2018) with Ivan Marinovic and Felipe Varas. American Economic Journal: Microeconomics 10(2), pp. 58-82. "Test Design and Minimum Standards." (2019) with Peter DeMarzo and Ilan Kremer. American Economic Review. 109 (6), pp. 2173-2207. "Costs and Benefits of Dynamic Trading in a Lemons Market" (2019) with William Fuchs. Review of Economic Dynamics 33, pp. 105-127. "Persuading the Principal To Wait." (2020) with Dmitry Orlov, and Pavel Zryumov. Journal of Political Economy 128(7): 2542–2578. ONLINE APPENDIX "Random Inspections and Periodic Reviews: Optimal Dynamic Monitoring" (2020) with Felipe Varas and Ivan Marinovic. Review of Economic Studies 87(6):2893-2937. ONLINE APPENDIX "Reclaiming Spectrum from Incumbents in Inefficiently Allocated Bands: Transaction Costs, Competition, and Flexibility" (2021) with Gregory Rosston. Telecommunications Policy 45(7)."Design of Macro-Prudential Stress Tests." (2022) with Dmitry Orlov, and Pavel Zryumov. Conditionally Accepted in Review of Financial Studies Book Chapters "An Economic Theory of Dynamic Capabilities" (2016) with April Franco and Matthew Mitchell, in “Oxford Handbook on Dynamic Capabilities” Editors: Sunyoung Lee and David J. Teece. "Learning, Experimentation and Information Design." (2016) with Johannes Hörner. Survey prepared for the Econometric Summer Meetings in Montreal, 2015. "Dynamic Bargaining with Private Information" (2020) with William Fuchs. A survey chapter prepared for a volume "Bargaining: Current Research and Future Directions" to be published by Palgrave Macmillan. Working Papers: "Dynamic Trading: Price Inertia and Front-Running" (2016) with Yuliy Sannikov. "Disclosing a Random Walk." (2020) with Ilan Kremer and Amnon Schreiber "Incentive Design for Talent Discovery" (2020) with Erik Madsen and Basil Williams "Spoofing in Equilibrium" (2020) with Basil Williams "Persuasion with Multiple Actions" (2021) with Davit Khantadze and Ilan Kremer
Unfinished projects: "Information Aggregation and the Information Content of Order Statistics" with Ilan Kremer (2003, revised 2005). "Auction Selection by an Informed Seller" with Ilan Kremer (March 2004). "Bargaining under Asymmetric Information and the Hold-up Problem" (April 2004). "Optimal selling rules for repeated transactions" with Ilan Kremer - early notes PDF "Search,
Costly Price Adjustment and the Frequency of Price Changes –Theory
and Evidence.", with Jerzy D. Konieczny (first draft
February 2001, current version July 2006). "The
Behavior of Price Dispersion in a Natural Experiment",
with Jerzy D. Konieczny
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