In this paper we modify Biais, Martimort, and Rochet (2000) model to allow risk aversion...

This paper studies the effects of principal’s risk aversion on principal-agent relationship under hidden information....

In this paper, I revisit the monopolistic screening problem with two types assuming that consumers...

In this paper we revisit the first price and the second price sealed-bid auctions. However,...

We study a market-entry game in which the potential entrants coordinate their actions (i.e. enter...

The paper characterizes the optimal provision of quality by a monopolist facing a population of...

Two kinds of theories of boundedly rational behavior are possible. Static theories focus on stationary...

In this paper I illustrate by an example that strictly dominated strategies may affect the...

This paper develops a theoretical framework for analyzing incentive schemes under bounded rationality. It starts...

In this paper, I consider a problem of multi-dimensional screening in the case when the...

This book reviews the basic theory of partial differential equations of the first and second...

The book brings into a focus all necessary mathematical knowledge to understand the economics of...

In this paper we introduce bounded rationality into the standard monopolistic screening model of Mussa...

In this paper I consider a model of coexisting moral hazard and adverse selection, similar...

In this note we point out the effect of risk-aversion on both the speed of...

In this paper we generalize the Pontryagin maximum principle for the case of an optimal...