We endogenize the trade mechanism in a search economy with many homogenous sellers and many heterogenous buyers of unobservable type. We study how heterogeneity and the traders' continuation values - which are endogenous - influence the sellers' choice of trade mechanism. Sellers trade off the...

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...

Anonymous information platforms (e.g. Airbnb) provide information about experience goods while keeping agents' identity hidden until the transaction is completed. In doing so, they generate heterogeneity in the information levels across consumers. In this paper, I show that such platforms induce...

This paper studies an allocation problem in which a welfare-maximizing planner needs to allocate two objects to two agents who are initially uninformed of their valuations of the objects. The planner controls both the in- formation accessible to the agents and the process by which it is...

Policy makers often decide to liberalize foreign bank entry but at the same time restrict the mode of entry. We study how different entry modes affect the interest rate for loans in a model in which domestic banks possess private information about their incumbent clients but foreign banks have...

Policy makers who decide to liberalize foreign bank entry frequently put limitations on the mode of entry. We study how different entry modes affect the lending rates of foreign and domestic banks. In our model, the mode of entry determines whether a foreign bank inherits a customer base. This,...