We examine self-referential games in which there is a chance of understanding an opponent's intentions. Our main focus is on the interaction of two sources of information about opponents' play: direct observation of the opponent's code-of-conduct, and indirect observation of the opponent's play...

A model of security design based on the principle of information aggregation and alignment is used to show that (i) firms needing to finance their operations should issue different securities to different groups of investors in order to aggregate their disparate information and (ii) each...

"The foundations of incomplete contracts have been questioned using or extending the subgame perfect implementation approach of Moore and Repullo (1988). We consider the robustness of subgame perfect implementation to the introduction of small amounts of asymmetric information. We show that...