Should there be limits on startup acquisitions by dominant firms? Efficiency requires that
startups sell their technology to the right incumbents, that they develop the right technology …

A principal targets agents organized in a network of local complementarities, in order to
increase the sum of agents' effort. We consider bilateral public contracts à la Segal (1999) …

Local interactions and network structures appear to be a prominent feature of many
environmental problems. This paper discusses a wide range of issues and potential areas of …

This paper analyzes a two-sided market for news where two rival advertisers may pay a
media outlet to conceal negative information about the quality of their own product (paying …

In a credit market with enforcement constraints, we study the effects of a change in the
outside options of a potential defaulter on the terms of the credit contract, as well as on …

To enact a policy, a leader needs votes from q committee members with heterogeneous
opposition intensities. She sequentially offers transfers in exchange for votes. The transfers …

We examine the impact of product market competition on innovation in markets for
technology. An innovator makes an investment in quality-improving innovation that can be …

We consider a class of dynamic collective action problems in which either a single principal
or two competing principals vie for the support of members of a group. We focus on the …

In bilateral negotiations between a principal and two agents, we show that the agents'
bargaining strengths are crucial for the determination of the bargaining sequence and the …

We consider dynamic processes of coalition formation in which a principal bargains
sequentially with a group of agents. This problem is at the core of a variety of applications in …