In a moral hazard framework, an agent considers undertaking a task of uncertain difficulty. An immediate disclosure of the task’s difficulty by the principal convinces the agent to perform only easy tasks. By contrast, information design theory predicts that delayed disclosure can induce the...

To what extent do pivotal nonpartisan voters believe and act upon potentially deceptive messages from partisan voters who privately observe candidates’ ex-ante fitness-for-office attributes? How do nonpartisan voters’ responses to messages vary with changing odds of candidates’ ex-ante...

Buy price auctions merge a posted price option with a standard bidding mechanisms, and have been used by various online auction sites including eBay and General Motors Assistance Corporation. A buyer in a buy price auction can accept the buy price to win with certainty and end the auction early....

Buy price auctions merge a posted price option with a standard bidding mechanisms, and have been used by various online auction sites including eBay and General Motors Assistance Corporation. A buyer in a buy price auction can accept the buy price to win with certainty and end the auction early....

Existing experimental studies tested the forward induction (FI) prediction, an equilibrium selection criterion, in a battle‐of‐the‐sexes game and found limited support due to a confounding focal point. The focal point arises from an asymmetrically offered outside option in the first stage...