We show that essentially every communication equilibrium of any finite Bayesian game with two players can be … implemented as a strategic form correlated equilibrium of an extended game, in which before choosing actions as in the Bayesian … game, the players engage in a possibly infinitely long (but in equilibrium almost surely finite), direct, cheap talk …

and resulting academic achievement in an estimable equilibrium framework. We develop a specification test that exploits … the equilibrium nature of social interactions and use it to show that novel study propensity measures mitigate econometric …

This paper presents a market with asymmetric information where a privately revealing equilibrium obtains in a … competitive framework and where incentives to acquire information are preserved. The equilibrium is efficient, and the paradoxes …

. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for …

existence of a unique equilibrium in pure strategies, and carry out some comparative static exercises …

We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of … taxation differs across levels of government because voters internalize general equilibrium effects at the central but not at …