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I study a model of costly Bayesian persuasion by a privately and partially informed sender who conducts a public experiment. I microfound the cost of an ...

This paper reconsiders the problem of a durable-good monopolist who cannot make intertemporal commitments. The buyer’s valuation is binary and his private ...

We study a generalization of the classical monopoly insurance problem under adverse selection where we allow for a random distribution of losses, possibly ...

We model an agent who stubbornly underestimates how much his behavior is driven by undesirable motives, and, attributing his behavior to other considerations, ...

We explore a novel model where authors of heterogeneous papers submit to ranked journals with admission standards on noisy referee evaluations. Journal caliber ...

A patient seller decides whether to build a reputation for exerting high effort in front of a sequence of consumers. Each consumer decides whether to trust the ...

The distribution of marginal propensities to consume (MPCs) is central to the transmission of shocks and policies to the economy. Recent empirical findings ...

This paper combines new data and a narrative approach to identify shocks to political pressure on the Federal Reserve. From archival records, I build a data ...

What is the relationship between international differences in income risk and countries' external asset positions? We study income risk and its higher-order ...

This paper presents a comprehensive method for efficiently solving stochastic Integrated Assessment Models (IAMs) and performing parametric uncertainty ...