We analyze a theoretical model in which entrepreneurs' property rights are threatened by "raiders" who can challenge them to a contest for control of their firms. Entrepreneurs have heterogeneous productivity, and decide how much capital to invest before raiders decide whom to attack. In...

In priority-based matching problems, there is a trade-off between efficiency andreducing justified-envy. We show that finding an efficient and justified-envy minimalmatching is an NP-hard problem when objects have weak priority rankings. Consequently, we focus on resolving the trade-off in a...

In centralized allocation problems participants have incomplete information about each others’ types. Hence, the designer may deviate from the announced allocation mechanism without the participants being able to detect these deviations. In this paper, I develop a theory of transparency in...

The large markets model with a continuum of agents has been a major methodological innovation for studying real-life assignment problems. In this paper I study the following question: if we sample random finite economies from a continuum economy, will the Deferred Acceptance (DA) assignment of...