Showing 11 - 20 of 130
Persistent link: https://www.econbiz.de/10012097436
In the first chapter, Legislative Bargaining and Coalition Formation, I analyze a widely used model of endogenous policy determination. The main question is if the stationary equilibrium, a popular equilibrium selection in applied work, can be rationalized as approximating the unique backwards...
Persistent link: https://www.econbiz.de/10009439066
We provide a simple proof of the equivalence between ex ante and ex post budget balance constraints in Bayesian mechanism design with independent types when participation decisions are made at the interim stage. The result is given an interpretation in terms of efficient allocation of risk.
Persistent link: https://www.econbiz.de/10010264769
Monetary exchange is deemed essential when better incentive-compatible outcomes can be achieved with money than without it. We study essentiality both theoretically and experimentally, using finite-horizon monetary models that are naturally suited to the lab. We also follow the mechanism design...
Persistent link: https://www.econbiz.de/10014544490
This paper studies sequential Bayesian persuasion games with multiple senders. We provide a tractable characterization of equilibrium outcomes. We apply the model to study how the structure of consultations affects information revelation. Adding a sender who moves first cannot reduce...
Persistent link: https://www.econbiz.de/10013189015
Persistent link: https://www.econbiz.de/10000827090
Persistent link: https://www.econbiz.de/10000334643
This paper studies sequential Bayesian persuasion games with multiple senders. We provide a tractable characterization of equilibrium outcomes. We apply the model to study how the structure of consultations affects information revelation. Adding a sender who moves first cannot reduce...
Persistent link: https://www.econbiz.de/10012637415
Persistent link: https://www.econbiz.de/10003321457
Persistent link: https://www.econbiz.de/10003823485