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The Optimal Degree of Cooperation in the Repeated Prisoner's Dilemma with Side Payments (with Jay Surti) (2008)
In the infinitely repeated Prisoners' Dilemma with side payments, we characterize the Pareto frontier of...
Private Information of Nonpaternalistic Altruism: Exaggeration and Reciprocation of Generosity (2008)
Applying techniques developed by Geanakoplos et al. (1989), this paper analyzes the gift exchange between...
Product Quality, Reputation, and Market Structure (with James D. Dana) (2008)
Firms in an oligopoly market can more easily maintain a reputation for a high quality...
Wait and See (with Peter Eso) (2008)
We study a dynamic cheap talk model with multiple senders where the receiver can choose...
When Does Aftermarket Monopolization Soften Foremarket Competition (2008)
This paper investigates firms' abilities to tacitly collude when these firms each monopolize a proprietary...
Guilt Driven Reciprocity in a Psychological Signaling Game (with Chen-Ying Huang and Theo Offerman) (2007)
We propose a theory of reciprocity according to which reciprocal behavior is driven by a...
Long-Lived Consumers, Intertemporal Bundling, and Tacit Collusion (with James D. Dana) (2006)
In a repeated price game with long but finitely-lived consumers, the use of staggered long-term...
Compensation for Quality Difference in a Search Model of Money (with Balazs Szentes), International Economic Review (2005)
We study an economy in which there is always double coincidence of wants, agents have...
When do Experts Cheat and Whom do They Target?, RAND Journal of Economics (2005)
A credence good is a product or service whose usefulness or necessity is better known...
The Identification of Unobservable Independent and Spousal Leisure (with Junsen Zhang), Journal of Political Economy (2001)
This paper is based on the idea that for each partner in a marriage, there...