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can promote cooperation through a combination of sorting and opportunistic signaling, with late period defections by …
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depending on their valuations. In particular, we identify suffcient conditions for positive sorting, meaning that the share of … that negative rather than positive sorting may arise in equilibrium. Further results show how incumbency rents and sorting …
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We customize the aggregative game approach to oligopoly to study asymmetric media markets. Advertiser, platform, and consumer surplus are tied together by a simple summary statistic. When media are ad-financed and ads are a nuisance to consumers we establish see-saws between consumers and...
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