The number of Internet news media outlets has skyrocketed in recent years. We analyze the effects of media proliferation on electoral outcomes assuming voters may choose news that is too partisan, from an informational perspective, i.e., engage in partisan selective exposure. We find that if...

This paper shows that a cartel that observes neither costs, prices, nor sales may still enforce a collusive agreement by tying each firm's continuation profit to the truncated current profits of the other firms. The mechanism applies to both price and quantity competition, and the main features...

Banning affirmative action from college admissions decisions cannot prevent an admissions office that cares about diversity from achieving it through channels other than the explicit consideration of race We construct a model of college admissions where candidates from two groups with different...

Consider a two-person infinitely-repeated game in which one player is either a normal rational type or a commitment type that authomatically plays a fixed repeated-game strategy When her true type is private information a rational type may want to develop a reputation as a commitment type by...

We characterize the optimal editorial positions of the media in a model in which the media influence both voting behaviour and party policies. Political parties are less likely to choose partisan policies when more voters consume informative news. When there are two media outlets, each should be...