Economic Theory
Game theory, mechanism design, and microeconomic foundations.
econ.TH · 87 papersOptimal Contest Beyond Convexity
This paper reveals a surprising optimal prize structure for contests with general non-convex objectives, improving design and analysis.
Coarse Screening
This paper shows that sellers investigating buyers before pricing need only three signal outcomes per buyer, even with rich type spaces, due to limited liability.
Overcoming unfairness via repeated interactions in mini-ultimatum game
This paper models how repeated interactions in a mini-ultimatum game promote fairness, showing specific strategies maintain it against unfairness.
Constrained optimal transport with an application to large markets with indivisible goods
Introduces a constrained optimal transport duality to prove equilibrium existence in large markets with indivisible goods.
Truthful Production Uncertainty in Electricity Markets: A Two-Stage Mechanism
This paper proposes a two-stage mechanism for electricity markets to truthfully incorporate production uncertainty from renewables, reducing system costs.
Bridging Distant Ideas: the Impact of AI on R&D and Recombinant Innovation
AI's impact on R&D innovation is complex, encouraging distant recombinations but risking incrementalism and originality loss with full automation.
Free Information Disrupts Even Bayesian Crowds
Unconstrained information exchange can detrimentally affect group beliefs, even among idealized, truth-seeking agents with perfect processing.
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