Privately informed experts with heterogeneous expertise decide when to give advice and what advice to give. Each expert's utility depends upon that expert's own message as well as those of the other experts. Under different forms of payoff externalities, we find varying results for the optimal...

This paper studies dynamic price competition over two periods between two firms selling differentiated durable goods to two buyers who are privately informed about their types, but have valuations of the two goods dependent on the other buyer's type. The firms' pricing strategy in period 1 must...

We analyze the Hotelling-Downs model of a winner-take-all elections with sequential entry where n 2 'office-seeking' candidates with privately known qualities arrive in an order to announce platform commitments and voters receive partially informative exogenous signals about quality of each...

Learning about an underlying uncertainty from observing the actions of other agents is a widespread phenomenon in many social interactions. This thesis looks different aspects of the phenomenon of informational cascades that results due to this social learning. The first essay theoretically...