This paper develops a theory for the expected cost of optimally acquired information when
information can be acquired sequentially. We study the “reduced-form” Indirect Cost …

I study a dynamic model in which a decision‐maker (DM) acquires information about the
payoffs of different alternatives prior to making a decision. The model's key feature is the …

We study how to design optimal bargaining strategies in a bargaining model with two
players, P and A, when A's outside option changes over time. We solve for P's optimal …