Economic Theory
Game theory, mechanism design, and microeconomic foundations.
econ.TH · 87 papersThe Design of Optimally Balanced Pay-as-you-go Social Security Systems
This paper designs optimally balanced pay-as-you-go social security systems by integrating general equilibrium theory and a new backward calculation algorithm.
Dutch Auctions in Matching Markets with Waiting Costs
This paper introduces a TEV framework to compare Dutch auctions and posted prices in matching markets, analyzing their impact on contracting speed, participation, and revenue.
Moral Hazard in Delegated Bayesian Persuasion
This paper analyzes moral hazard in delegated Bayesian persuasion, characterizing first-best implementability and the second-best optimal information design.
Strategic Algorithmic Monoculture:Experimental Evidence from Coordination Games
LLMs exhibit strategic algorithmic monoculture in coordination games, adapting similarity to incentives like humans, but struggle with heterogeneity.
On Conservative Stable Standard of Behavior and Perfect Coalitional Equilibrium
This paper demonstrates that Perfect Coalitional Equilibrium paths are the maximal nondiscriminating Conservative Stable Standard of Behavior in repeated games.
Information Intermediaries in Monopolistic Screening
Investigates how information intermediaries in monopolistic screening affect product offerings, consumer decisions, and market efficiency.
Optimal Market Composition In Monopoly Screening
This paper analyzes how an upstream actor can optimize market composition in a monopoly screening model to balance consumer surplus and profit.
Buying Data of Unknown Quality: Fisher Information Procurement Auctions
This paper introduces mechanisms for buyers to procure data for parameter estimation from providers with unknown quality, ensuring truthful reporting.
On the stability of the steady-state of a general model of endogenous growth with two $CES$ production functions
This paper investigates the steady-state stability of a Bond-type endogenous growth model with two CES production functions, finding no saddle-path stability.
Reputational Spillovers
This paper analyzes reputational spillovers in simultaneous bargaining, showing they can make a central player worse off and overturn the "toughness pays" prediction.
Linearly Solvable Continuous-Time General-Sum Stochastic Differential Games
This paper introduces a new class of continuous-time general-sum stochastic differential games solvable via a linear PDE system, overcoming the curse of dimensionality.
Extrapolating Volition with Recursive Information Markets
This paper formally analyzes recursive information markets using LLM buyers to overcome information asymmetry, with applications in AI alignment.
The Screening Cost of Liquidity
Principals use above-market borrowing rates as a screening device, balancing liquidity advances with contingent transfers to separate counterparty types.
Justifiable Priority Violations
This paper proposes an endogenous justifiability criterion for priority violations in matching markets, enabling Pareto improvements beyond consent-based methods.
Revisiting Fairness Impossibility with Endogenous Behavior
Considering endogenous behavior, this paper shows algorithmic fairness can reconcile error-rate balance and predictive parity, introducing new tradeoffs in consequences.
Lexicographic Robustness and the Efficiency of Optimal Mechanisms
This paper introduces lexicographic robustness to refine maxmin optimality, characterizing the efficiency of optimal mechanisms.
Inertial Mining: Equilibrium Implementation of the Bitcoin Protocol
Inertial Mining is a new Bitcoin protocol that achieves equilibrium, preventing selfish mining and ensuring a single longest chain without altering core consensus.
Robust Testing Of the Allais Paradox By Paired Choices vs. Paired Valuations
This paper challenges claims that the common ratio effect is absent, demonstrating valuation tests are biased and proposing a robust paired choice test.
Condorcet-loser dominance among scoring rules
This paper introduces Condorcet-loser dominance for scoring rules, showing the Borda rule uniquely excels at avoiding Condorcet losers.
How AI Aggregation Affects Knowledge
This paper shows how AI aggregation, when used as training data, impacts social learning, finding that fast-updating global AI can hinder knowledge.
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