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Delegation bears an intrinsic form of uncertainty. Investors hire managers for their superior models of asset markets, but delegation outcome is uncertain precisely because managers' model is unknown to investors. We model investors' delegation decision as a trade-off between asset return...
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Games with strategic substitutes (GSS) are generally less tractable than games with strategic complements (GSC). This paper revisits the GSC versus GSS comparison by establishing a novel connection between them. We show through a network perspective that, when the strategy set of each player is...
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In this work, we study the assortment planning games in which multiple retailers interact in the market. Each retailer owns some of the products and their goal is to select a subset of products, i.e., an assortment to o er to the customers so as to maximize their expected revenue. The purchase...
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