Bayes Nash equilibria, as agents become patient.

perfectly competitive equilibria.

game of strictly conflicting interest.

Department: Economics.

We analyze delegation of a set of decisions over time by an informed principal to a potentially biased agent. Each period the principal observes a state of the world and sends a 'cheap-talk' message to the agent, who is privately informed about her bias. We focus on principal-optimal equilibria...

We analyze a repeated cheap-talk game in which the receiver is privately informed about the conflict of interest between herself and the sender and either the sender or the receiver controls the stakes involved in their relationship. We focus on payoff-dominant equilibria that satisfy a...

We study a market in which k identical and indivisible objects are allocated using a uniform-price auction where n k bidders each demand one object. Before the auction, each bidder receives an informative but imperfect signal about the state of the world. The good that is auctioned is a...

In a two-sided search market agents are paired to bargain over a unit surplus. The matching market serves as an endogenous outside option for agents in a bargaining relationship. Behavioral agents are (strategically inflexible) commitment types that demand a constant portion of the unit surplus....

We study an infinitely repeated game where two players with equal discount factors play a simultaneous-move stage game. Player one monitors the stagegame actions of player two imperfectly, while player two monitors the pure stagegame actions of player one perfectly. Player one’s type is...