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Stability in Supply Chain Networks
This paper studies matching in vertical networks, generalizing the theory of matching in two-sided markets. It gives sufficient conditions for the existence of stable networks and presents anExpand
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Stability and Competitive Equilibrium in Trading Networks
We introduce a model in which agents in a network can trade via bilateral contracts. We find that when continuous transfers are allowed and utilities are quasi-linear, the full substitutability ofExpand
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Simple Estimators for the Parameters of Discrete Dynamic Games (with Entry/Exit Examples)
TLDR
This paper considers the problem of estimating the distribution of payoffs in a discrete dynamic game using non parametric first stage estimates of entry and continuation values obtained by computing sample averages of the realized continuation values of entrants and incumbents. Expand
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Reserve prices in internet advertising auctions: a field experiment
TLDR
We present the results of a large field experiment on setting reserve prices in auctions for online advertisements, guided by the theory of optimal auction design suitably adapted to the sponsored search setting. Expand
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Strategic bidder behavior in sponsored search auctions
TLDR
We examine sponsored search auctions run by Overture (now part of Yahoo!) and Google and present evidence of strategic bidder behavior in these auctions. We present an alternative mechanism that could reduce the amount of strategizing by bidders. Expand
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Information Aggregation in Dynamic Markets With Strategic Traders
This paper studies information aggregation in dynamic markets with a finite number of partially informed strategic traders. It shows that, for a broad class of securities, information in such marketsExpand
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Cross-Ownership, Returns and Voting in Mergers
We show that institutional shareholders of acquiring companies on average do not lose money around public merger announcements, because they also hold substantial stakes in the targets and make upExpand
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Information aggregation in dynamic markets with strategic traders
TLDR
We study information aggregation in dynamic markets with a finite number of partially informed strategic traders. Expand
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Chain Stability in Trading Networks
TLDR
Chain stability is equivalent to stability if all agents' preferences are jointly fully substitutable and satisfy the Laws of Aggregate Supply and Demand (a condition we call monotone - substitutability). Expand
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Heterogeneity and peer effects in mutual fund proxy voting
This paper studies voting in corporate director elections. We construct a comprehensive data set of 2,058,788 mutual fund votes over a two-year period. We find systematic heterogeneity in voting:Expand
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