Publications

>> Current Working Papers: Cowles Foundation

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Published Papers

  1. Bidding with Budgets: Algorithmic and Data-Driven Bids in Digital Advertising, forthcoming, International Journal of Industrial Organization, with Alessandro Bonatti and Nick Wu
  2. The Intended and Unintended Consequences of Privacy Regulation for Consumer Marketing, forthcoming, Marketing Science, with J. Dube et al.
  3. Data-Driven Mechanism Design: Jointly Eliciting Preferences and Information, March 2025, ACM EC Conference Proceedings 2025 (Extended Abstract), with Marek Bojko, Paul Dütting, Renato Paes Leme, Haifeng Xu and Song Zuo, Presentation Slides March 2025
  4. The Economics of Large Language Models: Token Allocation, Fine-Tuning and Optimal Pricing, February 2025, ACM EC Conference Proceedings 2025 (Extended Abstract) with Alessandro Bonatti and Alexey Smolin
  5. Screening with Persuasion, forthcoming, Journal of Political Economy, with Tibor Heumann and Stephen Morris
  6. On the Alignment of Consumer Surplus and Total Surplus under Competitive Price Discrimination, forthcoming, American Economic Journal: Microeconomics, with Benjamin Brooks and Stephen Morris
  7. How Do Digital Advertising Auctions Impact Product Prices, forthcoming, Review of Economic Studies,  with Alessandro Bonatti and Nicholas Wu
  8. Data, Competition and Digital Platforms, August 2024, American Economic Review, with Alessandro Bonatti,  Presentation Slides June 2023 IESE
  9. A Unified Approach to Second and Third Degree Price Discrimination, January 2024, with Tibor Heumann and Michael Wang (as extended abstract in ACM EC Conference Proceedings 2024)
  10. Cost Based Nonlinear Pricing, ACM EC Conference Proceedings 2023 (Extended Abstract), with Tibor Heumann and Stephen Morris
  11. Market Design for Personal Data, Yale Journal on Regulation, 2023,  Volume 40, 1056- 1120, with Jacques Crémer, David Dinielli, Carl-Christian Groh, Paul Heidhues, Maximilian Schäfer, Monika Schnitzer, Fiona M. Scott Morton, Katja Seim and Michael Sullivan
  12. Managed Campaigns and Data-Augments Auctions for Digital Advertising, ACM EC Conference Proceedings 2023, with Alessandro Bonatti and Nick Wu
  13. Is Selling Complete Information (Approximately) Optimal? 2022, with Yang Cai, Grigoris Velegkas, and Mingfei Zhao, ACM EC Conference Proceedings 2022, 608-663
  14. Calibrated Click-Through Auctions, 2022. with Paul Duetting, Renato Paes Leme, and Song Zuo, ACM WWW Conference Proceedings 2022
  15. Optimal Information Disclosure in Auctions, 2022, American Economic Review: Insights, 4, 371-388, with Tibor Heumann, Stephen Morris, Constantine Sorokin, and Eyal Winter, Presentation Slides December 2021
  16. The Economics of Social Data, 2022, RAND Journal of Economics, 53, 263-296, with Alessandro Bonatti and Tan Gan, Presentation Slides February 2020
  17. Progressive Participation, Theoretical Economics, 2022, 17, 1007-1039, with Philipp Strack, Presentation Slides December 2019
  18. Counterfactuals with Latent Information, American Economic Review, 2022, 112, 343-368, with Ben Brooks and Stephen Morris, Online Appendix, Presentation Slides April 2021
  19. Third-Degree Price Discrimination versus Uniform Pricing , Games and Economic Behavior, 2022, 131, 275-291,  with Francisco Castro and Gabriel Weintraub, Presentation Slides November 2020
  20. The Optimality of Upgrade Pricing, with Alessandro Bonatti, Andreas Haupt, and Alex Smolin, WINE 2021 – The 17th Conference on Web and Internet Economics
  21. Information Markets and Nonmarkets,  Handbook of Industrial Organization, Volume 4, 2021, 593-672, with Marco Ottaviani
  22. Nonlinear Pricing with Finite Information , Games and Economic Behavior, 2021, 130, 62-84, with Edmund Yeh and Jinkun Zhang
  23. Search, Information and Prices, Journal of Political Economy, 2021, 129, 2275-2319, with Ben Brooks and Stephen Morris, Presentation Slides July 2020
  24. Information, Market Power and Price Volatility, RAND Journal of Economics, 2021, 52, 125-150, with Tibor Heumann and Stephen Morris
  25. Countering the Winner’s Curse: Optimal Auction Design in a Common Value Model,  Theoretical Economics, 2020, 15, 1399-1434, with Ben Brooks and Stephen Morris, Presentation Slides April 2019
  26. The Scope of Sequential Screening with Ex-Post Participation Constraints, Journal of Economic Theory, 2020, 188, 1-62, with Francisco Castro and Gabriel Weintraub, Presentation Slides April 2019
  27. A Public Option for the Core,  2020, SIGCOMM Conference Proceedings, with Scott Shenker et al.
  28. Markets for Information: An Introduction, Annual Review of Economics,  2019, 11, 85-107, with Alessandro Bonatti
  29. Dynamic Mechanism Design: An Introduction, Journal of Economic Literature,  2019, 57, 235-274, with Juuso Valimaki
  30. Revenue Guarantee Equivalence,  American Economic Review,  2019, 109, 1911-1929, with Ben Brooks and Stephen Morris
  31. Information Design: A Unified Perspective,  Journal of Economic Literature, 2019, 57, 44-95, with Stephen Morris, Presentation Slides
  32. Should First-Price Auctions Be Transparent?, American Economic Journal: Microeconomics, 2018, 10, 177-218, with Johannes Hoerner
  33. First-Price Auctions with General Information Structures: A Short Introduction, SIGEcom Exchanges, 2018, 27-37, with Ben Brooks and Stephen Morris
  34. The Design and Price of Information, American Economic Review, 2018, 108, 1-45, with Alessandro Bonatti and Alex Smolin
  35. Belief-Free Rationalizability and Informational Robustness, Games and Economic Behavior, 2017, 104, 744-759, with Stephen Morris
  36. Interdependent Preferences and Strategic Distinguishability, Journal of Economic Theory, 2017, 168, 329-371, with Stephen Morris and Satoru Takahashi
  37. First Price Auctions with General Information Structures: Implications for Bidding and Revenue, Econometrica, 2017, 85, 107-143, with Benjamin Brooks and Stephen Morris
  38. Information Design, Bayesian Persuasion, and Bayes Correlated Equilibrium,  American Economic Review Papers and Proceedings, 2016, 106, 586-591, with Stephen Morris
  39. “Bayes Correlated Equilibrium and the Comparison of Information Structures in Games”, Theoretical Economics, 2016, 11, 487-522, with Stephen Morris
  40. Introduction to Symposium on Dynamic Contracts and Mechanism Design, Journal of Economic Theory, 2015, 159, 679-701, with Alessandro Pavan
  41. Sequential Information Disclosure in Auctions“, Journal of Economic Theory, 2015, 159, 1074-1095, with Achim Wambach
  42. “Dynamic Revenue Maximization: A Continuous Time Approach”, Journal of Economic Theory, 2015, 159, 819-853, with Philipp Strack
  43. “Selling Cookies”, American Economic Journal: Microeconomics, 2015, 7, 259-294, with Alessandro Bonatti
  44. ”Information and Volatility” Journal of Economic Theory, 2015, 158, 427–465, with Tibor Heumann and Stephen Morris
  45. The Limits of Price Discrimination, American Economic Review, 2015, 105, 921-957, with Benjamin Brooks and Stephen Morris
  46. “Robust Predictions in Games with Incomplete Information” , Econometrica, 2013, 81, 1251-1308, with Stephen Morris.
  47. “An Introduction to Robust Mechanism Design  2013, Foundations and Trends in Microeconomics, 8, 169-230, with Stephen Morris.
  48. Multi-dimensional Mechanism Design with Limited Information 2012, ACM-EC 2012, with Ji Shen, Yun Xu and Edmund Yeh.
  49. Efficient Auctions and Interdependent Types, 2012, American Economic Review Papers and Proceedings, 102, 319-324, with Stephen Morris and Satoru Takahashi
  50. “Robust Monopoly Pricing”, 2011, Journal of Economic Theory, 146, 2527-2543, joint with Karl Schlag.
  51. “Mechanism Design with Limited Information: The Case of Nonlinear Pricing” 2011, 2nd International ICST Conference on Game Theory for Networks, Shanghai, joint with Ji Shen, Yun Xu and Edmund Yeh.
  52. “Targeting in Advertising Markets: Implications for Offline vs. Online Media”, 2011,  RAND Journal of Economics, 42, 414-443,  joint with Alessandro Bonatti.
  53. “Rationalizable Implementation”,  Journal of Economic Theory, 2011, (with Stephen Morris and Olivier Tercieux).
  54. “Dynamic Auctions: A Survey“, 2011, Wiley Encyclopedia of Operations Research and Management Science, Volume 2, 1511-1522. (with Maher Said). [CFDP 1757R]
  55. “Robust Implementation in General Mechanisms” Games and Economic Behavior, (2011) 71: 261-281 (with Stephen Morris). [CFP 1316]
  56. “The Dynamic Pivot Mechanism” Econometrica, (2010) 78: 771-789 (with Juuso Välimäki). [CFP 1239]
  57. “Robust Virtual Implementation” Theoretical Economics, (2009) 4: 45-88 (with Stephen Morris). [CFP 1265]
  58. “Robust Implementation in Direct Mechanisms” Review of Economic Studies, (2009) 76: 1175-1206 (with Stephen Morris). [CFP 1281]
  59. “Information Acquisition in Interdependent Value Auctions” Journal of the European Economic Association (2009) 7: 61-89 (with Xianwen Shi and Juuso Välimäki) [CFP 1264]
  60. “Ex Post Implementation” Games and Economic Behavior (2008), 63: 527-566 (with Stephen Morris). [CFP 1226]
  61. “The Role of the Common Prior in Robust Implementation” Journal of the European Economic Association (April-May 2008), 6(2-3): 551-559 (with Stephen Morris) [CFP 1225]
  62. “Pricing without Priors” Journal of the European Economic Association (April-May 2008), 6(2-3): 560-569 (with Karl Schlag) [CFP 1224]
  63. “Information Structures in Optimal Auctions” Journal of Economic Theory, 2007, 137: 580-609 (with Martin Pesendorfer) [CFP 1218]
  64. “An Ascending Auction for Interdependent Values: Uniqueness and Robustness to Strategic Uncertainty,” American Economic Review Papers and Proceedings, 97(2): 125-130, May 2007 (with Stephen Morris) [CFP 1207]
  65. “Efficient Recommender Systems,” Proceedings of the 8th IEEE International Conference on E-Commerce Technology and the 3rd IEEE International Conference on Enterprise Computing, and E-Services, 2006 (with Deran Ozmen)
  66. “Optimal Pricing with Recommender Systems” Proceedings of the 7th ACM Conference on Electronic Commerce, Ann Arbor MI, 2006, pp. 43-51 (with Deran Ozmen) [CFP 1177]
  67. “Dynamic Pricing of New Experience Goods” Journal of Political Economy, 114(4): 713-743, 2006. (with Juuso Välimäki) [CFP 1175]
  68. “Bandit Problems” In Steven Durlauf and Larry Blume, eds., The New Palgrave Dictionary of Economics, 2nd ed. Macmillan Press, forthcoming, 2008 [CFDP 1555]
  69. “Information in Mechanism Design” In Richard Blundell, Whitney Newey and Torsten Persson, eds., Proceedings of the 9th World Congress of the Econometric Society. Cambridge: Cambridge University Press, forthcoming, 2006, pp. 186-221. (with Juuso Välimäki) [CFP 1208]
  70. “Dynamic Price Competition” Journal of Economic Theory, 126:232-263, 2006 (with Juuso Välimäki). [CFP 1174]
  71. “Flexibility as an Instrument in Digital Rights Management” 2005, Proceedings of Workshop on Economics of Information Security (WEIS), joint with Thomas Eisenbach, Joan Feigenbaum, and Scott Shenker. [CFDP 1505]
  72. “The Financing of Innovation_ Learning and Stopping” RAND Journal of Economics, 36(4): 719-752, Winter 2005 (with Ulrich Hege). [CFP 1176]
  73. “Robust Mechanism Design” Econometrica, 73(6): 1771-1813, November 2005 (with Stephen Morris).
  74. “Dynamic Common Agency” Journal of Economic Theory, 111, 2003 (with Juuso Välimäki). [CFP 1073]
  75. “The Value of Benchmarking” In J. McCahery and L. Renneboog (eds.), Venture Capital Contracting and the Valuation of High Tech Firms, Oxford University Press, 2002 (with Ulrich Hege).
  76. “Entry and Vertical Differentiation” Journal of Economic Theory, 106: 91-125, 2002 (with Juuso Välimäki). [CFP 1056]
  77. “Strategic Buyers and Privately Observed Prices” Journal of Economic Theory, 105: 469-482, 2002 (Juuso Välimäki). [CFP 1079]
  78. “Information Acquisition and Efficient Mechanism Design” Econometrica, 70: 1007-1034, 2002 (with Juuso Välimäki). [CFP 1038]
  79. “Stationary Multi Choice Bandit Problems” Journal of Economic Dynamics and Control, 25: 1585-1594, 2001 (with Juuso Välimäki). [CFP 1022]
  80. “Experimentation in Markets” Review of Economic Studies, 67: 213-234, 2000 (with Juuso Välimäki).
  81. “Venture Capital Financing, Learning and Moral Hazard” Journal of Banking and Finance, 22: 703-735, 1998 (with Ulrich Hege).
  82. “Market Diffusion with Two-Sided Learning” RAND Journal of Economics, 28(4): 773-795, 1997 (with Juuso Välimäki).
  83. “Learning and Strategic Pricing” Econometrica, 64: 1125-1150, 1996 (with Juuso Välimäki).
  84. “Learning and Commitment in Incentive Contracts” In H. Albach, ed., Global Intellectual Property Rights. WZB Berlin 1994

Published Book

  1. Learning and Intertemporal Incentives, 2020, World Scientific Publishing, Singapore, joint with Juuso Välimäki.
  2. Robust Mechanism Design: The Role of Private Information and Higher Order Beliefs, World Scientific, Singapore, 2012, with Stephen Morris

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