• Publications
  • Influence
Simultaneous Search
We introduce and solve a new class of "downward-recursive" static portfolio choice problems. An individual simultaneously chooses among ranked stochastic options, and each choice is costly. In theExpand
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Another Look at the Radner-Stiglitz Nonconcavity in the Value of Information
TLDR
This paper revisits the well-known result of Radner and Stiglitz (1984) which shows that, under certain conditions, the value of information exhibits increasing marginal returns over some range. Expand
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Student Portfolios and the College Admissions Problem
We develop a decentralized Bayesian model of college admissions with two ranked colleges, heterogeneous students, and two realistic match frictions: students find it costly to apply to college, andExpand
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Informed Principal, Moral Hazard, and the Value of a More Informative Technology
We analyze a principal-agent model with moral hazard in which the principal has private information about the technology. We characterize Perfect Bayesian Equilibria of the contracting game thatExpand
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Sorting through Search and Matching Models in Economics
Toward understanding assortative matching, this is a self-contained introduction to research on search and matching. We first explore the nontransferable and perfectly transferable utility matchingExpand
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Repeated Games with Present-Biased Preferences
TLDR
We study infinitely repeated games with perfect monitoring, where players have [beta]-[delta] preferences. Expand
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Matching with noise and the acceptance curse
  • Hector Chade
  • Economics, Computer Science
  • J. Econ. Theory
  • 1 July 2006
TLDR
We show that there exists an equilibrium exhibiting a stochastic positive assorting of types in a dynamic environment with search frictions, heterogeneous agents, and nontransferable utility. Expand
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Optimal Insurance with Adverse Selection
We solve the principal-agent problem of a monopolist insurer selling to an agent whose riskiness (loss chance) is private information, a problem introduced in Stiglitz's (1977) seminal paper. For anExpand
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Taxes and Marriage: A Two-Sided Search Analysis
This paper studies the effects of differential tax treatment toward married and single individuals in the US on marriage formation and composition, divorce and labor supply. We develop a marriageExpand
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An optimal auction with identity-dependent externalities
We analyze the problem of a seller of multiple identical units of a good who faces a set of buyers with unit demands, private information, and identity-dependent externalities. We derive the seller'sExpand
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