This paper combines a canonical epidemiology model of disease dynamics with government policy of lockdown and testing, and agents' decision to social distance in order to avoid getting infected. The model is calibrated with data on deaths and testing outcomes in the Unites States. It is shown...

Consider an analyst who observes an agent taking a sequence of actions. The analyst ponders whether the sequence of actions observed could have been taken by a rational, Bayesian agent. Although the analyst observes the chosen actions, he does not have direct access to the agent's information...

This paper studies Markov perfect equilibria in a repeated duopoly model where sellers choose algorithms. An algorithm is a mapping from the competitor’s price to own price. Once set, algorithms respond quickly. Customers arrive randomly and so do opportunities to revise the algorithm. In the...