My Papers 

I am curious about many aspects of economic theory. In my finite time, I have so far written on game theory and various aspects of information economics such as search, matching, and learning. A couple papers are currently well cited now, and others will one day be thus. :) I think that when doing theory, one must allow oneself a longer impact time horizon than for more applied work.

My cv
 

I. Information Economics

 

A. Information Demand

 

The Optimal Level of Experimentation
with Giuseppe Moscarini  
Econometrica, 11-2001

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The Law of Large 
Demand for Information
with Giuseppe Moscarini
Econometrica, 11-2002

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Demand for Information 
More Heat than Light
with Jussi Keppo and Giuseppe Moscarini

(forthcoming, Journal of Economic Theory, as of March, 2007)

 

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B. Experimentation and Bayesian Social Learning

 

 

 

Pathological Outcomes 
of Observational Learning
with Peter Sørensen
( Econometrica, 3-2000 )

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Informational Herding 
and Optimal Experimentation
with Peter S ørensen

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Rational Social Learning 
by Random Sampling
with Peter Sørensen
( rough draft! In process)

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Social Learning 
in a Changing World
with Giuseppe Moscarini & Marco Ottaviani
(Economic Theory, 1998)

 

 

Abstract & paper 
(jump to Springer)

 

 

 

C. Financial Economics

 

 

 

Private Information and Trade Timing
( American Economic Review, 9/2000)

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Do Rational Traders Frenzy?

 

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D. Political Economy
     

Optimal Electoral Timing: Exercise Wisely and You May Live Longer

with Jussi Keppo and Dmitry Davydov (forthcoming, Review of Economic Studies, as of October, 2007)

   

 

 

 

II. Search/Matching Theory

 

 

 

A. Mating Models with Search

 

 

 

The Marriage Model 
with Search Frictions
(2006, Journal of Political Economy)

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Abstract

Assortative Matching and Search 
with Robert Shimer
( Econometrica, 3-2000 )

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Matching, Search and Heterogeneity  
with Robert Shimer
(2001, Advances in Macroeconomics )

 

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Nonstationary Search  
with Robert Shimer

 

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Cross-Sectional Dynamics 
in a Two-Sided Matching Model
(1992-95, as yet incomplete)

Postscript

 

 

Optimal Job Search 
in a Changing World
(Math. Soc. Sciences, 1999)

 

 

Abstract 
(jump to Elsevier)

 

 

 

B. Search-Theoretic Models of Trade

 

 

 

A Model of Exchange 
where Beauty is in the Eye of the Beholder
(1995-98, as yet incomplete)

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C. Matching with Information Frictions

 

 

 

A Supply and Demand Model of the College Admissions Problem

with Hector Chade and Greg Lewis Greg Lewis

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Assortative Matching and Reputation  
with Axel Anderson  

forthcoming, Review of Economics Studies

 

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. D. Pure Search Theory

 

 

 

Simultaneous Search 
with Hector Chade 
(Econometrica, 5-2006)

Longer WP Version 

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E. Large Games and Matching

 

The Economics of Counterfeiting

with Elena Quercioli

 

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III. Game Theory

 

 

 

A. Timing Games and Bargaining

 

 

 

Caller Number Five:
Timing Games That Morph From One Form to Another

(with Andreas Park)

 

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Aspirational Bargaining (with Ennio Stacchetti)
(1st version: 1-2002; now under revision)

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Rethinking Bargaining Theory
(my original unpublished solo manuscript)
(1995-1998, i.e. precedes above joint work)

 

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B. Repeated Games

 

 

 

Time-Consistent Optimal Stopping
(Economics Letters, 1997)*

 

 

Abstract 
(jump to Elsevier)

Necessary and Sufficient Conditions 
for the Perfect Finite Horizon Folk Theorem
( Econometrica, 2-1995 )

 

 

 

The Folk Theorem for Repeated  
Games: an NEU Condition
with Dilip Abreu and Prajit Dutta
(Econometrica, 4-1994)

 

 

 

Folk Theorems 
in Overlapping Generations Games
(Games and Economic Behavior, 1992)

 

 

 

Repeated Games with Present-Biased Preferences

with Hector Chade and Pavlo Prokopovych

(Journal of Economic Theory, 2008)

 

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Abstract

Unattainable Payoffs for Repeated Games of Private Monitoring

with Josh Cherry

   

 

 

 

Excursion of Curiosity into the Truly Applied

 

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A Portrait of the Artist as a Young, Middle-Aged, and Elderly Man
with Luca Benati and Geoffrey Lanyon
(manuscript)

Postscript

 

 

I am very much appreciative of the financial assistance from the NSF for these papers (grants 1995-1997, 1997-2000, 2000-2003, 2003-2006, 2006-9, 2009-2012.).

 

Last revised: October, 2009.