Information Design in Smooth Games

A Smolin, T Yamashita - arxiv preprint arxiv:2202.10883, 2022 - arxiv.org
We study information design in games in which each player has a continuum of actions. We
show that an information structure is designer-optimal whenever the equilibrium play it …

The value of privacy in cartels: an analysis of the inner workings of a bidding ring

K Kawai, J Nakabayashi, JM Ortner - 2021 - nber.org
We study the inner workings of a bidding cartel focusing on the way in which bidders
communicate with one another regarding how each bidder should bid. We show that the …

[PDF][PDF] Collusion with Optimal Information Disclosure

T Sugaya, GSB Stanford, A Wolitzky - 2024 - economics.mit.edu
Motivated by recent concerns surrounding the use of third-party pricing algorithms by
competing firms, we study repeated Bertrand competition where market demand or the cost …

[PDF][PDF] Mediated Repeated Moral Hazard

A Vong - 2024 - allenvong.net
A worker interacts with a sequence of clients under a manager's supervision. I highlight a
novel role of this manager's mediation in addressing the worker's moral hazard, namely to …