We study a mechanism design problem where allocation rule is randomized and transfers are contingent on outcomes. A sender reports his private information. An exogenous randomized allocation rule assigns an outcome based on the report. A central planner designs an outcome-contingent transfer to...

Managers in international joint ventures work with resources contributed by investors from multiple nationalities. Fan Wu shows through a series of experimental studies among students and managers from China, South Korea, Germany, and the USA that cultural affinity between the manager and one of...

According to current data regulations, consumers are mobile among different markets, which endogenizes market segmentation. When accommodating such strategic interactions, a segmentation is stable if no consumer can find a profitable deviation to another market. In every stable market...