We develop an analysis of voting rules that is robust in the sense that we do not make any assumption regarding voters’ knowledge about each other. In dominant strategy voting rules, voters’ behavior can be predicted uniquely without making any such assumption. However, on full domains, the...

Multi-level marketing (MLM) presents a challenging informational environment for participants. MLMs offer participants the right to sell a product with the recursive right to recruit new participants.In addition to typical business opportunity challenges of assessing retail demand, individuals...

We compare the private and social incentives for privacy when sellers can commit to transparent privacy policies that are understood by consumers. The purpose is to establish a baseline for how well markets perform when firms' privacy policies are common knowledge. In this setting, if the market...

Our research – building on experimental results of Cason and Mui (2007) – examines why a subordinate in a leader-subordinate relationship is willing to pay a cost to help prevent exploitation of another subordinate by the leader. Using a stylized game capturing essential features of the...