Publications


"Leadership Ability and Agenda Choice" forthcoming Games and Economic Behavior (with I. Hwang).


"Personal Power Dynamics in Bargaining" Journal of Economic Theory, 205, 105530 (2022) (with R. Bowen and I. Hwang).


"Demagogues and the Economic Fragility of Democracy" American Economic Review, 112, 3331-3366 (2022) (with D. Bernhardt and M. Shadmer).


"Political Conflict over Time" American Journal of Political Science, 64, 554-568 (2020) (with W. Howell and M. Polborn)).


"Political Competition in Legislative Elections" American Political Science Review, 112, 809-825 (2018) (with M. Polborn)).


"Entrepreneurs, Legal Institutions and Firm Dynamics" Economic Theory, 63, 263-285 (2017) (with N. Herranz and A. Villamil).


"Entrepreneurs, Risk Aversion and Dynamic Firms" Journal of Political Economy, 123, 1133-1176 (2015) (with N. Herranz and A. Villamil)


"Policy Divergence and Voter Polarization in a Structural Model of Elections", Journal of Law and Economics 57, 31-76, (2015) (with M. Polborn)


"Social Ideology and Taxes in a Differentiated Candidates Framework" American Economic Review, 104, 308–322 (2014) (with M. Polborn)


"Political Competition Between Differentiated Candidates" Games and Economic Behavior, 76, 249-271 (2012) (with M. Polborn)


"Competition Between Specialized Candidates" American Political Science Review, 104, 745-756 (2010) (with M. Polborn)


"The Binary Policy Model" Journal of Economic Theory, 145, 2010 (with M. Polborn)


"Small Firms in the SSBF" Annals of Finance, 5, 341-359 (2009) (with N. Herranz and A. Villamil)


"Is Mandatory Voting Better than Voluntary Voting?" Games and Economic Behavior, 66, 275-291 (2009) (with M. Polborn)


" Political Polarization and the Electoral Effects of Media Bias" Journal of Public Economics, 92, 1092-1104 (2008) (with D. Bernhardt and M. Polborn)


"Bankruptcy and Firm Finance" Economic Theory, 36, 239-266 (2008) (with T. Sharma and A. Villamil)
Click here to get the MATLAB files


"Limited Observability as a Constraint in Contract Design," Journal of Economic Theory, 134, 379-404 (2007) (with S. Williams)


"Debt Contracts and Cooperative Deviations" Journal of Mathematical Economics 41, 857-874, 2005 (with T. Sharma and A. Villamil)


"Coalition Structure Values in Differential Information Economies: Is Unity a Strength?" Journal of Mathematical Economics 39, 51-62 (2003) (with A. Temimi and N. Yannelis).


"Optimal Contracts when Enforcement is a Decision Variable: A Reply," Econometrica 71,391-393 (2003) (with A. Villamil).


"Informational Robustness of Competitive Equilibria," Journal of Economic Theory 101, 494-518 (2001)(with W. Shafer).


"Core Concepts in Economies where Information is Almost Complete," Economic Theory 18, 451-471 (2001) (with W. Shafer).


"Optimal Contracts When Enforcement is a Decision Variable," Econometrica 68, 119-134 (2000) (with A. Villamil).


"Unimprovable Allocations in Economies with Incomplete Information," Journal of Econ. Theory 87, 144-168 (1999)


"Money and Storage in a Differential Information Economy," Econ. Theory 8, 191-210 (1996) (with M. Huggett).


"Existence and Properties of a Value Allocation for an Economy with Differential Information," J. Math. Economics 25, 165-179 (1996) (with N. Yannelis)


"The Value Allocation of an Economy with Differential Information," Econometrica 62, 881-900 (1994) (with N. Yannelis).


"Optimal Multilateral Contracts, " Econ. Theory 4, 167-187 (1994) (with A. Villamil).


"An Elementary Proof of the Knaster-Kuratowski-Mazurkiewicz-Shapley Theorem," Econ. Theory 4, 467-471 (1994) (with N. Yannelis).


"A Theory of Optimal Bank Size," Oxford Economic Papers 44, 725-749 (1993) (with A. Villamil).


"Monitoring the Monitor: An Incentive Structure for a Financial Intermediary," J. Econ. Theory 57 (1992), 197-221 (with A. Villamil).


"Non-Existence and Inefficiency of Equilibria with American Options, " Econ. Theory 3, 169-176 (1993) (with C. Kahn).


"Equilibria with Options: Existence and Indeterminacy," J. Econ. Theory 54 (1991), 305-320 (with J. Werner).


"Existence of Competitive Equilibria for Option Markets," J. Econ. Theory 47 (1989), 413-421.


"The Action of an Amenable Group on an Infinite Set Never Has an Unique Invariant Mean," Trans. Amer. Math. Soc., 305 (1988), 369-375.


"Non Uniqueness of Invariant means for Amenable Group Actions," Mh. Math 100 (1985), 121-125.