We experimentally examine whether communicating private signals after each stage game affects cooperation in an infinitely repeated two-player prisoner’s dilemma where players can only observe imperfect and private signals about the partner’s actions. Based on evidence from two...

The first essay “Informational Asymmetries in Laboratory Asset Markets with State-Dependent Fundamentals” investigates the formation of market prices in a new experimental setting involving multi-period call-auction asset markets. In this paper, we are particularly interested in two...

We examine whether and how democratic procedures can achieve socially desirable public good provision in the presence of profound uncertainty about the benefits of public goods, i.e., when citizens are able to identify the distribution of benefits only if they aggregate their private...