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information and game theory. Specifically, how the regulatory failures resulted in mortgage brokers and lenders that were not …
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We analyze a college admissions game with asymmetric information between students and colleges. Students' preferences … the latter's abilities, which are private information. Students and schools are matched via a decentralized mechanism in …
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criteria, we expect negotiators to be more reluctant to share fine information (ABC) than coarse, less detailed information … (VBC), which suggests that fine information systems like ABC can exacerbate hold-ups. When negotiators share fine … information they achieve more efficient bargaining agreements. However, we find that strategic concerns about inequitable outcomes …
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role for using liquidated damage clauses as a screening device in optimal contracts, whether designed by the seller …
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show that, simply by observing which school a candidate attended, colleges can "free-ride" on the information produced by a … information contained in the school a student attended, the extent to which students can improve the college that they are matched …
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