Andrew Postlewaite
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View article: Uniformly strict equilibrium for repeated games with private monitoring and communication
Uniformly strict equilibrium for repeated games with private monitoring and communication Open
Cooperation through repetition is an important theme in game theory. In this regard, various celebrated “folk theorems” have been proposed for repeated games in increasingly more complex environments. There has, however, been insufficient …
View article: Uniformly Strict Equilibrium for Repeated Games with Private Monitoring and Communication
Uniformly Strict Equilibrium for Repeated Games with Private Monitoring and Communication Open
Cooperation through repetition is an important theme in game theory. In this regard, various celebrated ``folk theorems'' have been proposed for repeated games in increasingly more complex environments. There has, however, been insufficien…
View article: Access and Exposure to Local News Media in the Digital Era: Evidence from U.S. Media Markets
Access and Exposure to Local News Media in the Digital Era: Evidence from U.S. Media Markets Open
Using a new comprehensive survey of adults in large U.S. media markets we show that minority and low-skill individuals, who are heavily exposed to shocks to the local economy, typically have stronger preferences for and stronger ex-posure …
View article: An Assignment Problem with Interdependent Valuations and Externalities
An Assignment Problem with Interdependent Valuations and Externalities Open
In this paper, we take a mechanism design approach to optimal assignment problems with asymmetrically informed buyers. In addition, the surplus generated by an assignment of a buyer to a seller may be adversely affected by externalities ge…
View article: Using Monotonicity Restrictions to Identify Models with Partially Latent Covariates
Using Monotonicity Restrictions to Identify Models with Partially Latent Covariates Open
This paper develops a new method for identifying econometric models with partially latent covariates.Such data structures arise naturally in industrial organization and labor economics settings where data are collected using an "input-base…
View article: Using Monotonicity Restrictions to Identify Models with Partially Latent Covariates
Using Monotonicity Restrictions to Identify Models with Partially Latent Covariates Open
This paper develops a new method for identifying econometric models with partially latent covariates. Such data structures arise in industrial organization and labor economics settings where data are collected using an input-based sampling…
View article: Estimating Production Functions with Partially Latent Inputs
Estimating Production Functions with Partially Latent Inputs Open
This paper develops a new method for identifying and estimating production functions with partially latent inputs. Such data structures arise naturally when data are collected using an "input-based sampling" strategy, e.g., if the sampling…
View article: On the welfare cost of consumption fluctuations in the presence of memorable goods
On the welfare cost of consumption fluctuations in the presence of memorable goods Open
We propose a new category of consumption goods, memorable goods, that generate a utility flow even after physical consumption. Empirically, memorable goods expenditures exhibit frequent zero monthly purchases and lumpy expenditure spikes. …
View article: Optimism and Pessimism with Expected Utility
Optimism and Pessimism with Expected Utility Open
Maximizing subjective expected utility is the classic model of decision making under uncertainty. Savage [Savage, Leonard J. (1954). The Foundation of Statistics. Wiley, New York] provides axioms on preference over acts that are equivalent…
View article: Premuneration Values and Investments in Matching Markets
Premuneration Values and Investments in Matching Markets Open
We analyse a model in which agents make investments and match into pairs to create a surplus. The agents can reallocate their pretransfer ownership claims on the surplus. Mailath et al. (2013) showed that when investments are unobservable,…