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Published and Forthcoming Papers

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Laws and Authority,” with George Mailath and Stephen Morris, forthcoming, Research in Economics.

 

Economics: Between Prediction and Criticism,” with Itzhak Gilboa, Larry Samuelson and David Schmeidler, forthcoming, International Economic Review.

 

 Optimism and Pessimism with Expected Utility,”  (with David Dillenberger and Kareen Rozen), Journal of the European Economic Association, 2017.

 

Premuneration Values and Investments in Matching Markets,”  (with George Mailath and Larry Samuelson), Economic Journal, 2017.

 

Buying Locally,” (with George Mailath and Larry Samuelson), International Economic Review 57 (2016) 1179-1200.

 

 A Dynamic Non-direct Implementation Mechanism for Interdependent Value Problems,” (with Rich McLean), Games and Economic Behavior 101 (2017), 34-48.

 

Memorable Consumption,”  (with Itzhak Gilboa and Larry Samuelson), forthcoming, Journal of Economic Theory 165 (2016) 414-455.

 

 Plausible Cooperation,” (with Olivier Compte), Games and Economic Behavior 91 (2015), 45-59.

 

 Implementation with Interdependent Valuations,” (with Rich McLean), Theoretical Economics 10(3) October 2015, 923-952.

 

Robustness of Public Equilibria in Repeated Games with Private Monitoring,” (with Rich McLean and Ichiro Obara), Journal of Economic Theory, 153 (2014), 191-212.

 

Economic Models as Analogies, (with Itzhak Gilboa, Larry Samuelson and David Schmeidler), Economic Journal, August 2014, 124: F513-F533.

 

Matching with Incomplete Information,” (with Qingmin Liu, George Mailath and Larry Samuelson), Econometrica, Vol. 82, No. 2 (March, 2014), 541–587. Supplemental material.

 

Rhetoric and Analogies,” (with Enriqueta Aragones, Itzhak Gilboa and David Schmeidler), Research in Economics 68(1) 2014, 1-10.

 

Active Courts and Menu Contracts,” (with Luca Anderlini and Leonardo Felli) In Research Handbook on Economic Models of Law, T.J. Miceli and M. Barker (eds.). Edward Elgar, Aldershot, 2013.

 

Pricing and Investments in Matching Markets,”  (with George Mailath and Larry Samuelson, Theoretical Economics, May 2013, 8 (2): 535-590.

 

Information, Liquidity, Asset Prices and Monetary Policy,” (with B. Lester and R. Wright) Review of Economic Studies, 79(3) 2012: 1209-1238.

 

 Rationality of Belief Or: Why Savages’s axioms are neither necessary nor sufficient," (with I. Gilboa and D. Schmeidler), Synthese, 187 2012: 11-31.

 

Rationality and Uncertainty," (with D. Schmeidler), Rivista Internazionale di Scienze Sociali, 3 (Special Issue on "The Whole  Breadth of Reason"), 2013.

 

 Dueling Algorithms,” (with N. Immorlica, A. Kalai, B. Lucier, A. Moitra and M. Tennenhotz) in Proceedings of the forty-second annual ACM symposium on Theory of Computing (2011).

 

 Should Courts Always Enforce What Contracting Parties Write?,” (with L. Anderlini and L. Felli) Review of Law and Economics 7 2011(1), 15-25.

 

Social Norms and Social Assets, Annual Review of Economics, 3 2011: 239-259.

 

Information and Liquidity, (with B. Lester and R. Wright), Journal of Money, Credit and Banking 43 2011, pp. 355-377.

 

 Social Norms and Preferences,” Handbook for Social Economics, Vol. 1A, edited by J. Benhabib, A. Bisin and M. Jackson. The Netherlands: North-Holland, 2011, pp. 31-67.

 

"Is It Always Rational to Satisfy Savage’s Axioms?," (with I. Gilboa and D. Schmeidler), Economics and Philosophy, 25 2009: 285-296. Reprinted in The Whole Breadth of Reason: Rethinking Economics and Politics, edited by Simona Beretta and Mario Maggioni. Venice: Marcianum Press.

 

"Strategic Firms and Endogenous Consumer Emulation," (with P. Kircher), Quarterly Journal of Economics 123(2) 2008: 621-661.

 

"Consumption Commitments and Employment Contracts," (with D. Silverman and L. Samuelson), Review of Economic Studies 75(2) 2008: 559-578.

 

"Aggregation of Expert Opinions(with D. Gerardi and R. McLean), Games and Economic Behavior 65(2) 2008: 339-371.

 

"Probability and Uncertainty in Economic Modeling(with I. Gilboa and D. Schmeidler), Journal of Economic Perspectives, 22(3) 2008:173-188.

 

"Political Reputations and Campaign Promises," (with E. Aragones and T. Palfrey), Journal of the European Economic Association, 2007, 5: 846-884.

 

"Courts of Law and Unforeseen Contingencies," (with L. Anderlini and L. Felli), Journal of Law, Economics and Organization, 2007, 23: 662-684.

 

"Social Assets," (with G. Mailath), International Economic Review, 2006, 47:1057-1091.

 

"Fact-Free Learning," (with E. Aragones, I. Gilboa and D. Schmeidler), American Economic Review, 2005, 95: 1355-1368.

 

"Confidence-Enhanced Performance," (with O. Compte), American Economic Review 94, 2004: 1536-1557.

 
"On Price-Taking Behavior in Asymmetric Information Economies," (with R. McLean and J. Peck), in Essays in Dynamic General Equilibrium: Festschrift for David Cass, ed. by A. Citanna, J. Donaldson, H. Polemarchakis, P. Siconolfi and S. Spear. Berlin: Springer. Studies in Economic Theory 20, 129-142 (2005).


"Core Convergence with Asymmetric Information," (with R. McLean), Games and Economic Behavior 50, 2005: 58-78.

 

"Social Isolation and Inequality," (with D. Silverman), Journal of Economic Inequality 3, 2005: 243-262.

 
"Contemporaneous Perfect Epsilon-Equilibria," (with G. Mailath and L. Samuelson), Games and Economic Behavior 53(1), 2005: 126-140.


"Sunk Investments Lead to Unpredictable Prices," (with G. Mailath and L. Samuelson), American Economic Review 94, 2004: 896-918.

 

"The Effect of Adolescent Experience on Labor Market Outcomes: The Case of Height," (with N. Persico and D. Silverman), Journal of Political Economy 112, 2004: 1019-1053.

 

"Informational Size and Efficient Auctions," (with R. McLean), Review of Economic Studies 71, 2004: 809-827.

 

"Business Strategy, Human Capital and Managerial Incentives," (with G. Mailath and V. Nocke), Journal of Economics and Management Strategy 13, 2004: 617-633.


"Informational Size and Incentive Compatibility with Aggregate Uncertainty," (with R. McLean), Games and Economic Behavior 45(2), 2003: 410-433.

 

"Informational Size, Incentive Compatibility and the Core of a Game with Incomplete Information," (with R. McLean), Games and Economic Behavior 45(1), 2003: 222-241.

 

"The Social Context of Economic Decisions," (with G. Mailath), Journal of the European Economic Association 1 (April-May 2003), 354-362.

 

"Ambiguity in Election Games," (with E. Aragones), Review of Economic Design 7(3), 2002: 233-255.  

 

"Informational Size and Incentive Compatibility," (with R. McLean), Econometrica 70, 2002, 2421-2454. 

 

"Social Arrangements and Economic Behavior," Annales d' Economie et de Statistique, 63-64, 2001, pp. 67-87.

 

"Efficient Non-Contractible Investments in Large Economies," (with H. Cole and G. Mailath), Journal of Economic Theory 101, 2001, pp. 333-373. 

 

"Investment and Concern for Relative Position," (with H. Cole and G. Mailath), Review of Economic Design 6, 2001, pp. 241-261.  Reprinted in Markets, Games and Organizations, Tatsuro Ichiishi and Thomas Marschak eds., 2003, Berlin: Springer.

 

"Efficient Non-Contractible Investments in a Finite Economy," (with H. Cole and G. Mailath), Advances in Theoretical Economics 1 [2001], No. 1, Article 2. 

 

"Specialization of Labor and the Distribution of Income," (with A. Matsui), Games and Economic Behavior 33, 2000, pp. 72-89. 

 

"Relative Income Concerns and the Rise in Married Women's Employment", (with David Neumark), Journal of Public Economics 70, 1998, pp. 157-183.

 

"Class Systems and the Enforcement of Social Norms," (with H. Cole and G. Mailath), Journal of Public Economics 70, 1998, pp. 5-35. 

 

"The Social Basis of Interdependent Preferences," European Economic Review 1998 (42), pp 779-800.

 

"Response to 'Aristocratic Equilibrium'," (with H. Cole and G. Mailath), Journal of Political Economy, 1995, Vol. 103, pp 439-443. 

 

"Depth of Knowledge and the Effect of Higher Order Uncertainty," (with Steve Morris and Hyun Shin), Economic Theory, 1995, Vol. 6, pp453-467.

 

"Social Norms in Matching Games," (with M. Okuno-Fujiwara), Games and Economic Behavior, 1995, Vol. 9, pp79-109.

 

"Feasible Implementation of Social Choice Correspondences by Nash Equilibria," (with L. Hurwicz and E. Maskin), in Essays in Honor of Stanley ReiterKluwer Academic Publishers, 1995; pp 367-433.

 

"Incorporating Status Concerns in Economic Models," (with H. Cole and G. Mailath), Quarterly Review of the Minneapolis Federal Reserve Bank, Fall, 1995. Available at Minneapolis Federal Reserve Bank.

 

"On Modelling Cheaptalk in Bayesian Games," (with S. Matthews) in Essays in Honor of Stanley ReiterKluwer Academic Publishers, 1995; pp 347-366. 

 

"Exclusivity Clauses and Best Price Policies in Input Markets," (with P. DeGraba), Journal of Economics and Management Strategy, 1993, Vol. 1, pp. 423-454.

 

"Finite Bubbles with Short Sale Constraints and Asymmetric Information," (with Franklin Allen and Stephen Morris), Journal of Economic Theory, 1993, Vol. 61, pp. 206-230. 

 

"On Belief Based Refinements in Signaling Games," (with G. Mailath and M. Okuno-Fujiwara), Journal of Economic Theory, 1993, Vol. 60, pp. 241-276. 

 

"Social Norms, Savings Behavior and Growth," (with H. Cole and G. Mailath), Journal of Political Economy, 1992, Vol. 100, pp. 1092-1126.


Erratum: "Response to `Aristocratic Equilibriab," with Harold L. Cole and George Mailath, Journal of Political Economy, 103 (April 1995), 439-443. 

 

"Asymmetric Information," in J. Eatwell, M. Milgate and P. Newman, eds., The New Palgrave Dictionary of Money and Finance London: Macmillan Press Ltd. , 1992. (This is a revised and expanded version of item below with the same title). 

 

"Asymptotic Efficiency in Large Exchange Economies with Asymmetric Information," (with F. Gul), Econometrica 60, 1992, pp. 1273-1292. 

 

"Refining Cheap-talk Equilibria," (with S. Matthews and M. Okuno-Fujiwara), Journal of Economic Theory 55, 1991, pp. 247-273. 

 

"Workers versus Firms: Bargaining over a Firm's Value," (with G. Mailath), Review of Economic Studies 57, 1990, pp. 368-380. 

 

"Asymmetric Information Bargaining Problems with Many Agents," (with G. Mailath), Review of Economic Studies 57, 1990, pp. 351-360.

 

"Strategic Information Revelation," (with M. Okuno-Fujiwara and K. Suzumura), Review of Economic Studies 57, 1990, pp. 25-48. 

 

"Implementing Constrained Walrasian Equilibria Continuously," (with D. Wettstein), Review of Economic Studies 56, 1989, pp. 603-612. 

 

"The Nucleolus in Pure Exchange Economies," (with R. McLean), Games and Economic Behavior 1, 1989, pp. 131-143. 

 

"Pre-play Communication in Two-Person Sealed-Bid Double Auctions," (with S. Matthews), Journal of Economic Theory, 1989, Vol. 48, pp. 238-263. Reprinted in Bargaining with Incomplete Information, P. Linhart, R. Radner, and M. Satterthwaite, eds., New York: Academic Press, 1992.

 

"Bank Runs as an Equilibrium Phenomenon," (with X. Vives), Journal of Political Economy 95, 1987, pp. 485-491. 

 

"Asymmetric Information," in J. Eatwell, M. Milgate and P. Newman, eds., The New Palgrave: A Dictionary of Theory and Doctrine, London: Macmillan Press Ltd., 1987. 

 

"Differential Information and Strategic Behavior in Economic Environments:  A General Equilibrium Approach," (with D. Schmeidler), Information, Incentives, and Economic Mechanisms: Essays in Honor of Leonid Hurwicz, T. Groves, R. Radner and S. Reiter, eds., University of Minnesota Press, Minneapolis, 1987. 

 

"Asymmetric Information," in J. Eatwell, M. Milgate and P. Newman, eds., The New Palgrave: A Dictionary of Theory and Doctrine, London: Macmillan Press Ltd., 1987. 

 

"Implementation in Differential Information Economies," (with D. Schmeidler), Journal of Economic Theory 39, 1986, pp. 14-33. 

 

"Strategic Behavior and a Notion of Ex-Ante Efficiency in a Voting Model," (with D. Schmeidler), Journal of Social Choice and Welfare, Vol. 3, pp. 37-49, 1986.

 

"Implementation via Nash Equilibria in Economic Environments," Social Goals and Social Organization:  A Volume in Memory of Elisha Pazner, L. Hurwicz, D. Schmeidler, and H. Sonnenschein, eds., Cambridge University Press, Cambridge, 1985. 

 

"The Economics of Quality Testing and Disclosure," (with S. Matthews), Rand Journal of Economics, Vol. 16, No. 3, pp. 328-340, 1985.

 

"The Possibility of Harmful Transfers with More than Two Countries," (with M. Webb), Journal of International Economics, Vol. 16 (1984) pp. 357-364.

 

"Rational Expectations and the Measurement of Stock's Elasticity of Demand," (with F. Allen), Journal of Finance, Sept., 1984, Vol. 39, No. 4, pp. 1119-1125.

 

"Experimental Consumption and the 'Rothschild Effect'," (with L.J. Mirman & R. Kihlstrom), in Bayesian Models in Economic Theory, M. Boyer and R. Kihlstrom (eds.), Elsevier Science, 1984.

 

"Monopolistic Quantity Rationing," (with V. Bohm, E. Maskin and H. Polemarchakis), Quarterly Journal of Economics, 1983 Supplement, Vol. 98 pp. 189-197. 

 

"The Effects of Improved Information in a Principal Agent Model," in The Economics of Information and Uncertainty, edited by John McCall, National Bureau of Economic Research, University of Chicago Press, Chicago, 1982. 

 

"Approximate Walrasian Equilibria and Nearby Economies," (with D. Schmeidler), International Economic Review, Feb. 1981, Vol. 22, No. 1, pp. 105-111. 

 

"Expected-Utility-Maximizing Search with Learning," (with R. Harstaad), Management Science, Vol. 27, pp 75-80, 1981.

 

"Oligopoly and Competition in Large Markets," (with M. Okuno and J. Roberts), American Economic Review, March 1980, Vol. 70, No. 1, pp. 22-32. 

 

"Manipulation Via Endowments," Review of Economic Studies, April 1979, Vol. 46, No. 143, pp. 255-263. 

 

"A Group Incentive Compatible Mechanism yielding Core Allocations," (with E. Kalai and J. Roberts), Journal of Economic Theory, Feb. 1979, Vol. 20, No. 1, pp. 13-23.

 

"Notes on Optimality and Feasibility of Informationally Decentralized Allocation Mechanisms," (with D. Schmeidler), Game Theory and Related Topics, Edited by O. Moeschlin, North Holland, 1979. 

 

"Arbitration of Exchange Situations with Public Goods," (with E. Kalai and J. Roberts), in Applied Game Theory, Edited by S. Brams, A. Schotter and G. SchwodiauerPhysica-Verlag, Vienna-Wurzburg, 1979. 

 

"Approximate Efficiency of Non-Walrasian Nash Equilibria," (with D. Schmeidler), Econometrica, Jan. 1978, Vol. 46, No. 1, pp. 127-137. 

 

"Barriers to Trade and Disadvantageous Middlemen: Nonmonotonicity of the Core," (with E. Kalai and J. Roberts), Journal of Economic Theory, Oct. 1978, Vol. 19.No. 1, pp. 200-210.

 

"Weak Versus Strong Domination in a Market with Indivisible Goods," (with A. Roth), Journal of Mathematical Economics, Aug. 1977, Vol. 4, No. 2, pp. 131-139. 

 

"A Note on the Stability of large Cartels," (with D.J. Roberts), Econometrica, Nov. 1977, Vol. 45, No. 8, pp. 1877-1879.

 

"Disadvantageous Monopolies and Disadvantageous Endowments," (with J. Dreze and J. Gabszewicz), Journal of Economic Theory, Oct. 1977, Vol. 16, No. 1, pp. 116-121. 

 

"The Incentives for Price-Taking Behavior in Large Exchange Economies," (with D.J. Roberts), Econometrica 44, 1976, pp. 115-129. 

 

"Disadvantageous Syndicates," (with R. Rosenthal), Journal of Economic Theory, Nov. 1974, Vol. 9, No. 3, pp. 324-326.