Research
Research
Regret in Durable-Good Monopoly [paper (Feb 2025)] [slides] accepted at Theoretical Economics
Dynamic monopoly where the seller minimises regret against the worst-case buyer valuation.
Coase conjecture holds: Good is sold immediately and the seller obtains no surplus.
Reputation and the Credibility of Inflation Plans (with Francisco Roldán) [paper (Feb 2025)][slides] conditionally accepted at Journal of Economic Theory
A central bank announces a disinflation plan; the public believes the central bank is committed to the plan with some probability.
Optimal announcements exhibit gradual disinflation, balancing the desire for low inflation with the credibility of the plan.
Prior-free preferences in uncertain dynamic environments [paper (May 2025)] [slides (May 2025)] [old related working paper (Feb 2023)]
Long-term relationships where players face ambiguity about future stage games.
Analysis of worst-case utility maximisation and worst-case regret minimisation in this setting.
Learning in Relational Contracts (with Aditya Kuvalekar) [paper] AEJ Microeconomics 2022
Relational contracts between a firm and a worker with unknown match quality.
Can they achieve efficiency? What is the structure of optimal relational contracts?
Renegotiation of Long-Term Contracts as Part of an Implicit Agreement [paper] Theoretical Economics 2021
Repeated principal-agent model with long-term contracts that can be renegotiated at will.
Efficient equilibria require contract renegotiation on the equilibrium path.