WORKING PAPERS
"Constrained Data-Fitters" (with Jakob Steiner), June 2024.
"When is Trust Robust?" (with Luca Anderlini and Daniele Terlizzese), June 2024.
"Ambiguous Contracts" (with Paul Dütting, Michal Feldman and Daniel Peretz), June 2024.
"Growth and Likelihood" (with Jakob Steiner), July 2023.
"The Existence of Equilibrium Flows" (with Alfred Galichon and Lucas Vernet), September 2022.
"Unified Gross Substitutes and Inverse Isotonicity for Equilibrium Problems" (with Alfred Galichon and Lucas Vernet), May 2024.
"Paying to Match: Decentralized Markets with Information Frictions" (with Marina Agranov, Ahrash Dianat and Leeat Yariv), March 2022.
ARTICLES
"The Analogical Foundations of Cooperation" (with Philippe Jehiel), Journal of Economic Theory 208 (2023).
"Decision Theory and Stochastic Growth" (with Arthur Robson and Jakub Steiner), American Economic Review: Insights 5(3), 357-376..
"Economic Theories and Their Dueling Interpretations" (with Itzhak Gilboa, Andrew Postlewaite and David Schmeidler), Journal of Economic Methodology, forthcoming.
"The Evolution of Risk Attitudes with Fertility Thresholds" (with Arthur Robson), Journal of Economic Theory 205 (2022).
"Economic Theory: Economics, Methods and Methodology" (with Itzhak Gilboa, Andrew Postlewaite and David Schmeidler), Revue économique 6(73), 897-919.
"What Were You Thinking? Revealed Preference Theory as Coherence Test" (with Itzhak Gilboa), Theoretical Economics 17 (2022), 507-519.
"No-Betting Pareto under Ambiguity" (with Itzhak Gilboa and David Schmeidler), Theory and Decision 93(3-4) (2022), 625-645.
"Learning (to Disagree?) in Large Worlds" (with Itzhak Gilboa and David Schmeidler), Journal of Economic Theory 199 (2020).
"Theories and Cases in Decisions under Uncertainty" (with Itzhak Gilboa and Stefania Minardi), Games and Economic Behavior 123 (2020), 22-40.
"Learning under Diverse World Views: Model Based Inference" (with George Mailath), American Economic Review 110(5) (2020), 1464-1501.
“States and Contingencies: How to Understand Savage with AnyoneBeing Hanged” (with Itzhak Gilboa, Stefania Minardi and David Schmeidler), Revue Économique 71(2) (2020),365-385..
"Evolved Attitudes to Idiosyncratic and Aggregate Risk in Age-Structured Populations" (with Arthur Robson), Journal of Economic Theory 181 (2019), 44-81. Supplementary Appendix.
"What are Axiomatizations Good For?" (with Itzhak Gilboa, Andrew Postlewaite and David Schmeidler), Theory and Decision, 86(3) (2019), 339-359.
"Bargaining with Private Information and the Option of a Compulsory License" (with Eric W. Bond), Games and Economic Behavior 114 (2019), 83-100. Online appendix.
"Starting Small: Endogenous Stakes and Rational Cooperation" (with James Andreoni and Michael A. Kuhn), Journal of Public Economic Theory, 21(5) (2019), 812-825.
“The Implementation Duality” (with Georg Nöldeke), Econometrica 86(4) (2018), 1283-1324.
"Even Up: Maintaining Relationships" (with Ennio Stacchetti), Journal of Economic Theory 169 (2017), 170-217.
“Economics: Between Prediction and Criticism” (with Itzhak Gilboa, Andrew Postlewaite and David Schmeidler), International Economic Review 59(2) (2018), 367-390.
“Memorable Consumption” (with Itzhak Gilboa and Andrew Postlewaite), Journal of Economic Theory 165 (2016), 414-455.
“Mimicry Cycles, Traps and Chains: Coevolutionary Models of Toucan and Kiskadee Mimicry ( with Richard O. Prum), American Naturalist 187 (2016), 753-764.
“Premuneration Values and Investment in Matching Markets” (with George J. Mailath and Andrew Postlewaite), Economic Journal 127(604) (2017), 2041-2065.
“Buying Locally” (with George J. Mailath and Andrew Postlewaite), International Economic Review 57(4) (2016), 1179-1200.
“Dynamic Moral Hazard without Commitment” (with Johannes Hörner), International Journal of Game Theory 45(2016), 89-136 .
“Investment and Competitive Matching” (with Georg Nöldeke), Econometrica 83(3) (2015), 835-896. There is also a working paper version with additional examples and explanation as well as an examination of the nontransferable utility case.
“No-Betting Pareto Dominance” (with Itzhak Gilboa and David Schmeidler), Econometrica 82(4) (2014), 1405-1442.
"Pareto Efficiency with Different Beliefs" (with Gabrielle Gayer, Itzhak Gilboa, and David Schmeidler), Journal of Legal Studies 43(S2) (2014), S151-S171.
“Stable Matching with Incomplete Information” (with Qinming Liu, George J. Mailath, and Andrew Postlewaite), Econometrica 82(2) (2014), 541-588.
“Incentives for Experimenting Agents” (with Johannes Hörner), RAND Journal of Economics 44 (4) (2013), 632–663.
“Economic Models as Analogies” (with Itzhak Gilboa, Andrew Poslewaite and David Schmeidler), Economic Journal 124 (578), (2014), F513–F533. Reprinted in Russian in Voprosy Ekonomiki 2015(4), 106-130.
“Dynamics of Inductive Inference in a Unified Model” (with Itzhak Gilboa and David Schmeidler), Journal of Economic Theory 148 (4) (2013), 1399-1432.
“The Hairy-Downy Game: A Model of Interspecific Social Dominance Mimicry” (with Richard O. Prum), Journal of Theoretical Biology 313 (2012), 42-60.
“Pricing and Investments in Matching Markets” (with George J. Mailath and Andrew Postlewaite), Theoretical Economics 8(2) (2013), 535-590.
“Reputation with Analogical Reasoning” (with Philippe Jehiel), Quarterly Journal of Economics 127(4) (2012), 1927-1970.
“Common Learning with Intertemporal Dependence” (with Martin W. Cripps, Jeffrey C. Ely, and George J. Mailath), International Journal of Game Theory 42(1) (2013), 55-98.
“Managing Strategic Buyers” (with Johannes Hörner), Journal of Political Economy 119(3) (2011), 379-425.
“The Predictive Role of Counterfactuals” (with Alfredo Di Tillio and Itzhak Gilboa), Theory and Decision 74(2), 167-182.
“Subjectivity in Inductive Inference” (with Itzhak Gilboa), Theoretical Economics 7(2) (2012), 183-216.
“Sex and Evolutionary Stability” (with Ken Binmore), Journal of Theoretical Biology 278 (2011), 63-73.
“The Evolution of Decision and Experienced Utilities” (with Arthur J. Robson), Theoretical Economics 6(3) (2011), 311-339.
"The Evolution of Time Preference with Aggregate Uncertainty" (with Arthur J. Robson), American Economic Review 99(5) (2009), 1925-1953.
"Consumption Commitments and Employment Contracts" (with Andrew Postlewaite and Dan Silverman), Review of Economic Studies 75(2) (2008), 559-578.
"Common Learning" (with Martin W. Cripps, Jeffrey C. Ely and George J. Mailath), Econometrica 76(4) (2008), 909-933.
"Choosing what to Protect: Strategic Defensive Allocation against an Unknown Attacker" (with Vicki Bier and Santiago Oliveros), Journal of Public Economic Theory 9(4) (2007), 1-25.
Optimal Bunching without Optimal Control" (with Georg Nöldeke), Journal of Economic Theory 134(1) (2007), 405-420.
“Disappearing Private Reputations in Long-Run Relationships” (with Martin Cripps and George J. Mailath), Journal of Economic Theory 134(1) (2007), 287-316.
"Information, Evolution and Utility" (with Jeroen Swinkels), Theoretical Economics 1 (2006), 119-142.
“Building Rational Cooperation” (with James Andreoni), Journal of Economic Theory 127 (2006), 117-154. The instructions for this experiment can be downloaded as a .pdf file here.
“The Evolution of Focal Points" (with Ken Binmore), Games and Economic Behavior 55 (2006), 21-42. Some omitted calculations are here.
"Contemporaneous Perfect Epsilon-Equilibria" (with George J. Mailath and Andrew Postlewaite), Games and Economic Behavior 53 (2005), 126-140.
“Economic Theory and Experimental Economics,” Journal of Economic Literature, 43 (2005), 65-107.
“Imperfect Monitoring and Impermanent Reputations” (with Martin W. Cripps and George J. Mailath), Econometrica, 72 (2004), 407-432. For a useful clarification of the proof of Theorem 1, click here.
"Modeling Knowledge in Economic Analysis," Journal of Economic Literature 57 (2004), 367-403.
“Sunk Investments Lead to Unpredictable Prices” (with George J. Mailath and Andrew Postlewaite), American Economic Review 94 (2004), 896-918.
“Strategic Choice Handicaps when Females Seek High Male Net Viability” (with Georg Nöldeke), Journal of Theoretical Biology 221 (2003), 43-59.
"Evolutionary Stability and Lexicographic Preferences" (with Jeroen M. Swinkels), Games and Economic Behavior 44 (2003), 332-342.
“Information-Based Relative Consumption Effects,” Econometrica 72 (2004), 93-118. "Information-Based Relative Consumption Effects: Correction (with Georg Noldeke), Econometrica 73 (2005), 1383-1387.
“Equilibrium Selection in Bargaining Models” (with Ken Binmore and Peyton Young), Games and Economic Behavior 45 (2003), 296-328.
"A Backward Induction Experiment" (with Ken Binmore, John McCarthy, Giovanni Ponti, and Avner Shaked), Journal of Economic Theory 104 (2002), 48--88. The instructions and the data for this experiment can be downloaded, as a .zip file, here. Upon unzipping, see readme.txt for a guide to the contents of the remaining files.
"Who wants a Good Reputation?" (with George J. Mailath), Review of Economic Studies 68 (2001), 415-442. Some symbols were omitted from the published version of the proofs. The version posted here is complete, as is the electronic version on the Review of Economic Studies website at http://www.restud.com/ and a reprinted version in the July 2001 issue of the Review of Economic Studies. The statement of Proposition 1.2 and the proof of Proposition 3 contain technical mistakes that are corrected here.
"Coordinated Action in the Electronic Mail Game" (with Ken Binmore), Games and Economic Behavior 35 (2001), 6-30.
"Can Mixed Strategies by Stable in Asymmetric Games?" (with Ken Binmore), Journal of Theoretical Biology 210 (2001), 1-14.
"Evolution and Mixed Strategies" (with Ken Binmore), Games and Economic Behavior 34 (2001), 200-226.
"Optimization Incentives and Coordination Failure in Laboratory Stag Hunt Games" (with Raymond Battalio and John Van Huyck, Econometrica 69 (2001), 749-764. The experimental instructions are available in pdf here.
"Analogies, Adaptations, and Anomalies," Journal of Economic Theory 97 (2001), 320-367.
"Endogenous Inequality in Integrated Labor Markets with Two-Sided Search" (with George Mailath and Avner Shaked), American Economic Review 90 (2000), 46-72. Omitted calculations are available in pdf here.
“Evolutionary Drift and Equilibrium Selection” (with Ken Binmore), Review of Economic Studies 66 (1999), 363-394.
"How Costly is the Honest Signaling of Need?" (with Georg Nöldeke), Journal of Theoretical Biology 197 (1999), 527-539.
“Altruists, Egoists and Hooligans in a Local Interaction Model” (with Ilan Eshel and Avner Shaked), American Economic Review 88 (1998), 157-179.
“Evolutionary Stability in Alternating-Offers Bargaining Games” (with Ken Binmore and Michele Piccione), Journal of Economic Theory 80 (1998), 257-291.
“Hard Bargains and Lost Opportunities” (with Ken Binmore, Chris Proulx and Joe Swierzbinski), Economic Journal 108 (1998), 1279-1298.
"Correlated Equilibria and Local Interactions" (with George Mailath and Avner Shaked), Economic Theory 9 (1997), 551-556.
"A Dynamic Model of Equilibrium Selection in Signaling Markets" (with Georg Nöldeke), Journal of Economic Theory 73 (1997), 118-156.
"How Proper is Sequential Equilibrium" (with George Mailath and Jeroen Swinkels), Games and Economic Behavior 18 (1997), 193-218. Erratum, GEB 19 (1997), 249.
"Muddling Through: Noisy Equilibrium Selection" (with Ken Binmore), Journal of Economic Theory 74 (1997), 235-265.
"Learning to be Imperfect: The Ultimatum Game" (with Ken Binmore and John Gale), Games and Economic Behavior 8 (1995), 56-90. Reprinted in Elias Khalil, editor, Trust, Edward Elgar Publishing, 2002.
"Musical Chairs: Modelling Noisy Evolution (With Ken Binmore and Richard Vaughan), Games and Economic Behavior 11 (1995), 1-35. Erratum, GEB 21 (1997), 325.
"Strategic Information Transmission in Duopolies," (with Leonard J. Mirman and Edward E. Schlee), Journal of Economic Theory 62 (1994), 363-384.
"Stochastic Stability in Games with Alternative Best Replies," Journal of Economic Theory 64 (1994), 35-65.
"Open vs. Closed Door Negotiations" (with Motty Perry), RAND Journal of Economics 25 (1994), 348-359.
"Normal Form Structures in Extensive Form Games" (with George J. Mailath and Jeroen M. Swinkels), Journal of Economic Theory 64 (1994), 325-371.
"Continuous Reaction Functions in Duopolies," (with James W. Friedman), Games and Economic Behavior 6 (1994), 55-82.
"An Extension of the 'Folk Theorem' with Continuous Reaction Functions," (with James W. Friedman), Games and Economic Behavior 6 (1994), 83-96.
"Extensive Form Reasoning in Normal Form Games," (with George J. Mailath and Jeroen M. Swinkels), Econometrica 61 (1993), 273-302.
"Monopoly Experimentation," (with Leonard J. Mirman and Amparo Urbano), International Economic Review 34 (1993), 549-564.
"An Evolutionary Analysis of Backward and Forward Induction," (with Georg Nöldeke), Games and Economic Behavior 5 (1993), 425-454.
"Duopoly Signal Jamming," (with Leonard J. Mirman and Amparo Urbano), Economic Theory 3 (1993), 129-149.
"Disagreement in Markets with Matching and Bargaining," Review of Economic Studies 59 (1992), 177-186.
"Dominated Strategies and Common Knowledge," Games and Economic Behavior 4 (1992), 284-313.
"Evolutionary Stability in Asymmetric Games," (with Jianbo Zhang), Journal of Economic Theory 57 (1992), 363-391.
"Evolutionary Stability in Repeated Games Played by Finite Automata," (with Ken Binmore), Journal of Economic Theory 57 (1992), 278-305.
"Search Costs and Prices," (with Jianbo Zhang), Economics Letters 38 (1992), 55-60.
"Weakly Implementable Social Choice Rules," (with Taradas Bandyopadhyay), Theory and Decision 33 (1992), 135-151.
"`Cautious' Utility Maximization and Iterated Weak Dominance," (with Tilman Börgers), International Journal of Game Theory 21 (1992), 13-25.
Subgame Perfect Equilibrium with Continuous Reaction Functions,” (with James W. Friedman), Games and Economic Behavior 2 (1990), 304-324.
"Limit Evolutionarily Stable Strategies in Two-Player, Normal Form Games," Games and Economic Behavior 3 (1991), 110-119.
"To Innovate or Not to Innovate: Incentives and Innovation in Hierarchies," (with James A. Dearden and Barry W. Ickes), American Economic Review 80 (1990), 1105-1124.
"Perfect Equilibria in Simultaneous-Offers Bargaining," (with Kalyan Chatterjee), International Journal of Game Theory 19 (1990) 237-268.
"Strategy Additions and Equilibrium Selection," International Journal of Game Theory 19 (1990), 269-276.
"The Growth and Failure of U.S. Manufacturing Plants," (with Timothy Dunne and Mark J. Roberts), Quarterly Journal of Economics 104 (1989), 671-698. Reprinted in Zoltan J. Acs, ed., Small Firms and Economic Growth, Edward Elgar Publishing, 1994. Reprinted in David B. Audretsch and Steven Klepper, eds., Innovation, Evolution of Industry and Economic Growth, Edward Elgar Publishing, 2000.
"Strategic Behavior and the Rules for International Taxation of Capital," (with Eric W. Bond), Economic Journal 99, (1989) 1099-1111.
"Bargaining with Commitment, Choice of Techniques and Direct Foreign Investment," (with Eric W. Bond), Journal of International Economics 26 (1989), 77-97.
"Plant Turnover and Gross Employment Flows in the U.S. Manufacturing Sector," (with Timothy Dunne and Mark J. Roberts), Journal of Labor Economics 7 (1989), 48-71.
"Equilibrium and Information with Inside Traders," (with Leonard J. Mirman), Economic Journal 99 (1989), 152-167.
"Patterns of Firm Entry and Exit in U.S. Manufacturing Industries," (with Timothy Dunne and Mark J. Roberts), Rand Journal of Economics 19 (1988), 495-515. Reprinted in Zoltan J. Acs, ed., Small Firms and Economic Growth, Edward Elgar Publishing, 1994.
"Bargaining Under Two-Sided Incomplete Information: The Unrestricted Offers Case," (with Kalyan Chatterjee), Operations Research 36 (1988), 813-846.
"An Empirical Analysis of Dynamic Non-Price Competition in an Oligopolistic Industry," (with Mark J. Roberts), Rand Journal of Economics 19 (1988), 200-219.
"Tax Holidays as Signals," (with Eric W. Bond), American Economic Review 76 (1986), 820-826.
"On the Effects of Indexed Bonds in Developing Countries," Oxford Economic Papers 40 (1988), 168-192.
"The Coase Conjecture Need Not Hold for Durable Good Monopolies with Depreciation," (with Eric W. Bond), Economics Letters 24 (1987), 93-97.
"Job Transfers and Incentives in Complex Organizations: Thwarting the Ratchet Effect," (with Barry W. Ickes), The Rand Journal of Economics 18 (1987), 275-286.
"Nontrivial Subgame Perfect Duopoly Equilibria Can Be Supported by Continuous Reaction Functions," Economics Letters 24, (1987), 207-211.
"A Note on Uncertainty and Cooperation in a Finitely Repeated Prisoner's Dilemma," International Journal of Game Theory 16 (1987), 187-196.
"A Test of the Revealed Preference Phenomenon in Congressional Elections," Public Choice 54 (1987), 141-170.
"Durable Goods, Market Structure, and the Incentives to Innovate," (with Eric W. Bond), Economica 54 (1987), 141-170.
"Sequential Research and the Adoption of Innovations," (with Sudipto Bhattacharya and Kalyan Chatterjee), Oxford Economic Papers 38 (1987), 219-243. Reprinted in D.J. Morris, P.J.N. Sinclair, M.D.E. Slater and J.S. Vickers, eds., Strategic Behavior and Industrial Competition, Oxford University Press, 1986, 219-243.
"On the Restrictiveness of Monotonic Scalable Choice in Probabilistic Choice Models," Mathematical Social Sciences 14 (1987), 19-38.
"Bargaining with Two-Sided Incomplete Information: An Infinite Horizon Model with Alternating Offers," (with Kalyan Chatterjee), Review of Economic Studies 54 (1987), 175-192.
"Expository Marxism and Comparative Economic Dynamics," (with Murray Wolfson), History of Political Economy 18 (1986), 65-85.
“NonWalrasian Equilibria with Leading Behavior," Oxford Economic Papers 38 (1986), 31-58.
"The Multinational Firm and Exhaustible Resources," Economica 53 (1986), 191-208.
"Sufficient Conditions in Optimal Control Theory with Unbounded Objectives," (with Mohammed Moussavian), International Economic Review 26 (1985), 271-275.
"Implicit Contracts with Heterogeneous Labor," Journal of Labor Economics 3 (1985), 70-90.
"On the Independence of Irrelevant Alternatives in Probabilistic Choice Models," Journal of Economic Theory 35 (1985), 376-389.
"On the Extraction of an Exhaustible Resource by a Monopoly," (with Mohammed Moussavian), Journal of Environmental Economics and Management 11 (1984), 139-146.
"Durable Good Monopolies with Rational Expectations and Replacement Sales," (with Eric W. Bond), Rand Journal of Economics 15 (1984), 336-345.
"Returns to Scale and Wicksell's Missing Equation: A Note," History of Political Economy 16 (1984), 577-582.
"Electoral Equilibria with Restricted Strategies," Public Choice 43 (1984), 307-328.
"The Golden Rule Again: A Reply," American Economic Review 72 (1982), 228.
"Value and Physical Capital in Wicksell's Durable Goods Model," History of Political Economy 14 (1982), 211-227.
"On Wicksell's Missing Equation," History of Political Economy 14 (1982), 301-307.
"The Wicksell Effect in a Growing Economy," History of Political Economy 14 (1982), 447-460.
"The Multinational Firm with Arm's Length Transfer Price Limits," Journal of International Economics 13 (1982), 365-374.
"Towards a Service Oriented Growth Strategy," (with Werner Baer), World Development 9 (1981), 499-514. Reprinted in Portuguese in Estudos Economicos.
"The Golden Rule with Endogenous Labor Participation Rate," American Economic Review 70 (1980), 752-755.