This paper studies how the threat of a protest influences government spending. The government has to choose a policy to maximize its payoff, which depends on (1) the policy itself and (2) the protest's outcome. {Citizens observe the policy choice and a private signal before deciding...

This paper studies the welfare implications of equilibrium behavior in a market characterized by competition between two interconnected telecommunication firms, subject to constraints: the customers belong to a social network. It also shows that social networks matter because equilibrium prices...

Network formation is frequently modeled using link-formation games and typically present a multiplicity of Nash equilibria. Cooperative refinements - such as strong or coalitional proof Nash equilibria - have been the standard tool used for equilibrium selection in these games. Non-cooperative...

In this paper we study the role of resale opportunities in secondary markets over the bidding process in first and second price auctions. This trade opportunity arises owing to the presence of two factors. On the one hand, after receiving the object, the winner obtains new information about the...