In this paper we model an evolutionary process with perpetual random shocks, where individuals sample population-specific strategy and payoff realizations and imitate the most successful behavior. For finite n-player games we prove that in the limit, as the perturbations tend to zero, only...

This paper develops a model to explain recent trends of work intensification and employee burnout. In an organization a manager assigns tasks to an employee; doing tasks is costly and too many create burnout. In a matrix-style organization, different managers simultaneously assign tasks to an...

Superstars exist in classrooms and workplaces. On the one hand, superstars might intimidate others, forcing their peers to exert less effort. On the other hand, superstars might encourage others because their participation in a competition encourages everybody to “step up” their game. In...

Superstars exist in classrooms and workplaces. Superstars can either intimidate others by making their peers put in less effort, or they can encourage others by inspiring everybody to “step up” their game. In this study, we analyze direct and indirect effects of a superstar on their peers...

Superstars exist in classrooms and workplaces. Superstars can either intimidate others by making their peers put in less effort, or they can encourage others by inspiring everybody to “step up” their game. In this study, we analyze direct and indirect effects of a superstar on their peers...

Superstars exist in classrooms and workplaces. Superstars can either intimidate others by making their peers put in less effort, or they can encourage others by inspiring everybody to “step up” their game. In this study, we analyze direct and indirect effects of a superstar on their peers...

This dissertation consists of three chapters where the first two chapters study models ofbargaining over decision rights and the third chapter studies a model of contests.In the first chapter, "Selling Authority," I consider bargaining over decision-making authorityin which an informed but...

In the first chapter, ¡°All-Pay Auctions with Resale¡±, I study equilibria of first- and second-price all-pay auctions with resale when players' signals are affiliated and symmetrically distributed. I show that existence of resale possibilities introduces an endogenous element to players'...

This dissertation consists of three essays, the first two on the foreign exchange market and the third on credit markets.Chapter 2 examines empirically the exchange rateinterest differential relationship in a co-integration framework. We test and estimate an error correction model (ECM) for the...