I propose a differential oligopoly game of resource extraction under (quasi-static) open-loop and nonlinear feedback strategies, where firms are managerial and two alternative types of delegation contract are considered. Under open-loop information, delegation expands the residual steady state...

How people attribute the others’ previous actions often influences their feeling of inequality and then their subsequent responses. In a bilateral ultimatum bargaining game with both inequality aversion and incomplete information, a greedy offer can be attributed to either the proposer’s...

Should principals explain and justify their evaluations? In this paper the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. I show that the principal explains her evaluation to the agent if the evaluation turns out to be...