In 2020, gamers spent more than $15 billion on loot boxes, lotteries of virtual items in video games. Loot boxes are contentious. Regulators argue they constitute gambling, while game producers maintain they complement gameplay. In a prototypical mobile puzzle game we show that gameplay...

The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...

Credit card offers have grown increasingly complex over time. Using a straightforward measure of complexity — the total number of numeric figures that appear on a credit card direct mail offer's Schumer Box — this research studies changes in card offer complexity. The general structure and...

The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...

Beschreibung der Bedeutung von Vertrauensgütermärkten mit Einbettung in die ökonomischen Darstellungen von Gütern -- Untersuchung von Betrug und Effizienz in Vertrauensgütermärkten mit heterogenen Kunden -- Untersuchung des optimalen strategischen Verhaltens von Experten und Kunden. .