This paper analyzes the dynamic interplay between individuals beliefs over transmission risks and their decisions on whether to engage in unprotected sexual behavior. The infectious disease is (possibly) asymptomatic, which makes the inference problem non-trivial. In general, the dynamics of...

We analyze the relation between an individual's risk attitude and his willingness to engage in unprotected sexual behavior, when faced with an asymptomatic infectious disease. In such a situation, the individual must not only assess the likely health status of his partner, but must also form...

This note considers a simple Hotelling model with Bertrand competition between two firms, who belong to separate jurisdictions and are regulated by separate regulators. Welfare properties of different regulatory regimes are compared. These suggest that the presence of multiple, mutually...

In most industries, ranging from information systems development to construction, an overwhelming proportion of projects are delayed beyond estimated completion time. This fact constitutes somewhat of a puzzle for existing theory. The present paper studies project delays and optimal contracts...

This paper sets forth a model of contracting for delivery in an environment with time to build and adverse selection. The optimal contract is derived and characterized and it takes the form of a deadline contract. Such a contract stipulates a deadline for delivery for each possible type of agent...

We use the tools of mechanism design, combined with the theory of risk measures, to analyze how a cash constrained owner of an asset with known stochastic returns raises capital from a population of investors that differ in their risk aversion and budget constraints. The issuer partitions the...