Network caches are the storage centers in the supply chain for content delivery---the digital equivalent of warehouses. Operated by access networks and other operators, they provide benefits to content publishers in the forms of bandwidth cost reduction, response time improvement, and handling...

Geographically dispersed sellers in electronic reverse marketplaces such as those hosted by market-makers like Ariba are uncertain about the number of competitors they face in any given market session. We refer to this uncertainty about the number of competitors as market-structure uncertainty....

This paper studies implementation in a principal-agent model of adverse selection. We explore ways in which the additional structure of principal agent models (compared to general implementaion models) simplifies the implementation problem. We develop a connection between the single crossing...

This study investigates whether models of forward-looking behavior explain the observed patterns of heavy drinking and smoking of men in late middle age in the Health and Retirement Study better than myopic models. We develop and estimate a sequence of nested models which differ by their degree...

The evolution of education spending in California has received plenty of attention by both academics and practitioners after this state's education finance reform of the 1970's. The impact on public education spending of the demographic trends associated with immigration has not been thoroughly...

I propose a centralized clearinghouse for college admissions in which students can signal enthusiasm by commitment, like early-decision programs. Furthermore, students can specify financial aid in their preferences and they can be matched with multiple colleges at the same time. This...

We develop an international financial market model in which domestic and foreign residents differ in their beliefs about the information content in public signals. We determine how informational advantages by domestic (foreign) investors in the interpretation of home (foreign) public signals...