In this article I analyze a model of interest group influence on legislative voting through information transmission. The model shows how interest groups may manipulate voting coalitions to their advantage by crafting different messages to target different winning coalitions. Furthermore, if...

Intuitively, we expect that players who are allowed to engage in costless communication before playing a game would be foolish to agree on an inefficient equilibrium. At the same time, however, such preplay communication has been suggested as a rationale for expecting Nash equilibrium in...

This paper presents a model in which fund managers choose between active management and passive management when investors cannot directly observe managers' efforts and skills. In an equilibrium skilled managers actively manage their funds only when skills can add a large value in active...

The problem of optimally designing information for multiple agents who interact in a game can be formulated as a linear program. We explore its dual representation and show that it provides a novel perspective and new economic insights into the information-design problem. Through the lens of the...

Whom should an interest group lobby in a legislature? I develop a model of informational lobbying in which a legislature must decide on the allocation of a local publicly-provided good across districts. An interest group chooses sequentially to search and provide information on districts'...

We present a theoretical explanation of inefficient early matching in matching markets. Our explanation is based on strategic complementarities and strategic unraveling. We identify a negative externality imposed on the rest of the market by agents who make early offers. As a consequence, an...

A large literature in strategy and management has focused on why firms self-regulate and "signal green." We show this decision becomes more complex when regulators have enforcement discretion, and both firms and regulators act strategically. We model the managerial decision whether to signal the...