Showing 251 - 260 of 264
We provide a simple proof for the existence of an expected utility representation of a preference relation with an unbounded and continuous utility function.
Persistent link: https://www.econbiz.de/10011065434
We consider concave and Lipschitz continuous preference functionals over monetary lotteries. We show that they possess an envelope representation, as the minimum of a bounded family of continuous vN-M preference functionals. This allows us to use an envelope theorem to show that results from...
Persistent link: https://www.econbiz.de/10010561483
Persistent link: https://www.econbiz.de/10011702075
Chapter 1: Nonparametric Identification of Insurance Models with Multidimensional Screening (with Isabelle Perrigne and Quang Vuong)This chapter studies the identification of an insurance model with multidimensional screening, where insurees are characterized by risk and risk aversion. The model...
Persistent link: https://www.econbiz.de/10009449916
This thesis consists of two essays. In the first essay, we analyze a two-stage game, with coalition formation in the first stage and Cournot oligopoly in the second, to show how coalition formation takes place and affects the environmental level.In open membership games with symmetric players,...
Persistent link: https://www.econbiz.de/10009449956
CHAPTER 1: Informational Control and Organizational DesignThis essay focuses on organizational issues of allocating authority between an uninformed principal and an informed expert. We show that the established result of Dessein (2002) that delegating decisions to a perfectly informed expert is...
Persistent link: https://www.econbiz.de/10009449961
Auctions are among the oldest economic institutions in place---they have been used since antiquity to sell a wide variety of goods, and their basic form has remained unchanged. In this dissertation, I explore the efficiency of common auctions when values are interdependent---the value to a...
Persistent link: https://www.econbiz.de/10009449993
This dissertation examines a natural signaling mechanism in a two-sided matching market between firms and workers. We consider a basic game of incomplete information. Each agent knows her own preferences over matches, but uncertain about other agent preferences. Each worker can send a limited...
Persistent link: https://www.econbiz.de/10009449999
This dissertation develops dynamic stochastic models of heterogeneous firms in small open economies and uses them to analyze how firms' decisions are shaped by their participation in export markets and to understand the implications that these decisions have for firm-level volatility and the...
Persistent link: https://www.econbiz.de/10009450033
Many important phenomena (electoral competition, R&D races, lobbying) are instances of multiple simultaneous contests with unconditional commitment of limited resources. Specifically, the following game is analyzed in the first chapter. Two players compete in a number of simultaneous contests....
Persistent link: https://www.econbiz.de/10009450046