Anton Tsoy , Andrey Malenko Dec 13,2016
Working Paper No.00004-00
In many cases, buyers are not fully informed about their valuations and rely on the advice of biased experts. For... Read More
Günter Strobl , Simon Gervais Dec 13,2016
Working Paper No.00001-00
We construct and analyze the equilibrium of a model of delegated portfolio management in which money managers signal their investment... Read More
Anton Tsoy Dec 28,2016
Working Paper No.00008-00
This paper studies frequent-offer limits of perfect Bayesian equilibria in the alternating-offer bilateral bargaining model with private correlated values. The... Read More
Hongda Zhong Dec 30,2016
Working Paper No.00011-00
Firms often choose to raise capital from multiple creditors even though doing so may lead to inefficient liquidation caused by... Read More