Working Papers

How Secondary Markets Undermine Social Responsibility

We model and analyze secondary markets for durable goods when primary-market production causes negative externalities and …

The Dynamics of Chosen Beliefs: An Optimism-Confidence Trade-Off

We study belief dynamics of an agent who repeatedly ‘‘chooses’’ new beliefs, optimally trading off costs from …

Arbitraging Narrow Brackets

Many important economic outcomes result from the combined effects of several choices, so the best option is not determined from each …

Excuse Driven Present Bias

We test whether people behave in a more present-biased way when they can excuse such behavior. We run two experiments, one on the …