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Stefan Krasa

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Neus Herranz, & Stefan Krasa, & Anne P. Villamil, 2013. "Entrepreneurs, Risk Aversion and Dynamic Firms," Centre for Growth and Business Cycle Research Discussion Paper Series 189, Economics, The University of Manchester.

    Cited by:

    1. Mariacristina De Nardi & Giulio Fella, 2017. "Saving and Wealth Inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 280-300, October.
    2. Ryan Rudderham, 2021. "Birds of a feather: separating spillovers from shocks in sovereign default," Annals of Finance, Springer, vol. 17(3), pages 353-378, September.
    3. Jianjun Miao & Pengfei Wang, 2014. "A Q-theory model with lumpy investment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 57(1), pages 133-159, September.
    4. Shi, Jinchuan & Zhang, Xiaoqian, 2018. "How to explain corporate investment heterogeneity in China's new normal: Structural models with state-owned property rights," China Economic Review, Elsevier, vol. 50(C), pages 1-16.
    5. Alfred Duncan & Charles Nolan, 2017. "Disputes, Debt and Equity," Studies in Economics 1716, School of Economics, University of Kent.
    6. Gaillard, Alexandre & Kankanamge, Sumudu, 2018. "Entrepreneurship, Labor Market Mobility and the Role of Entrepreneurial Insurance," TSE Working Papers 18-929, Toulouse School of Economics (TSE), revised Jan 2019.
    7. Duane Rockerbie & Stephen Easton, 2018. "Revenue Sharing in Major League Baseball: The Moments That Meant so Much," IJFS, MDPI, vol. 6(3), pages 1-16, August.
    8. Alvaro Aguirre & Matias Tapia & Lucciano Villacorta, 2021. "Production, Investment and Wealth Dynamics under Financial Frictions: An Empirical Investigation of the Selffinancing Channel," Working Papers Central Bank of Chile 904, Central Bank of Chile.
    9. Wai-Hong Ho, 2017. "Financial market globalization, nonconvergence and credit cycles," Annals of Finance, Springer, vol. 13(2), pages 153-180, May.
    10. Farzana Chowdhury & David B. Audretsch, 2021. "A dynamic relationship between entrepreneurial orientation and entrepreneurial activity," Journal of International Entrepreneurship, Springer, vol. 19(3), pages 339-356, September.
    11. Gaurab Aryal & Hanna Charankevich & Seungwon Jeong & Dong-Hyuk Kim, 2021. "Procurements with Bidder Asymmetry in Cost and Risk-Aversion," Papers 2111.04626, arXiv.org, revised Jul 2022.
    12. Vladimir Novak & Tim Willems, 2018. "A Note on Optimal Experimentation under Risk Aversion," CERGE-EI Working Papers wp618, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    13. John Bailey Jones & Sangeeta Pratap, 2017. "An Estimated Structural Model of Entrepreneurial Behavior," Working Paper 17-7, Federal Reserve Bank of Richmond.
    14. Can, Ege & Fossen, Frank M., 2020. "The Effects of Non-Compete Agreements on Different Types of Self-Employment: Evidence from Massachusetts and Utah," IZA Discussion Papers 13414, Institute of Labor Economics (IZA).
    15. Simon Baumgartner & Alex Stomper & Thomas Schober & Rudolf Winter-Ebmer, 2022. "Banking on Snow: Bank Capital, Risk, and Employment," Economics working papers 2022-10, Department of Economics, Johannes Kepler University Linz, Austria.
    16. James Cunningham & Alistair R. Anderson, 2018. "Inspired or Foolhardy: Sensemaking, Confidence and Entrepreneurs’ Decision-Making," Group Decision and Negotiation, Springer, vol. 27(3), pages 393-415, June.
    17. Gonzales Martinez, Rolando & D’Espallier, Bert & Mersland, Roy, 2021. "Bifurcations in business profitability: An agent-based simulation of homophily in self-financing groups," Journal of Business Research, Elsevier, vol. 129(C), pages 495-514.
    18. Esposito, Federico, 2020. "Demand Risk and Diversification through Trade," MPRA Paper 100511, University Library of Munich, Germany.
    19. Iryna Abernikhina, 2023. "Entrepreneurial Risk: Essence and Classification Depending on the Losses Borne by the Entrepreneur," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 122-130, June.
    20. Kyle R. Myers & Wei Yang Tham & Jerry Thursby & Marie Thursby & Nina Cohodes & Karim Lakhani & Rachel Mural & Yilun Xu, 2023. "New Facts and Data about Professors and their Research," Papers 2312.01442, arXiv.org.
    21. Mateus Waga & Davi Valladão & Alexandre Street & Thuener Silva, 2022. "Disentangling Shareholder Risk Aversion from Leverage-Dependent Borrowing Cost on Corporate Policies," Computational Economics, Springer;Society for Computational Economics, vol. 60(3), pages 1-24, October.
    22. Beck, Thorsten & Pamuk, Haki & Ramrattan, Ravindra & Uras, Burak R., 2018. "Payment instruments, finance and development," Journal of Development Economics, Elsevier, vol. 133(C), pages 162-186.
    23. Bachas, Natalie & Kim, Olivia S. & Yannelis, Constantine, 2021. "Loan guarantees and credit supply," Journal of Financial Economics, Elsevier, vol. 139(3), pages 872-894.
    24. Dong, Jing & Xu, Wanyu & Cha, Jun, 2021. "Rural entrepreneurship and job creation: the hybrid identity of village-cadre-entrepreneurs," China Economic Review, Elsevier, vol. 70(C).
    25. Kankanamge, Sumudu & Gaillard, Alexandre, 2020. "Buying and Selling Entrepreneurial Assets," TSE Working Papers 20-1078, Toulouse School of Economics (TSE).
    26. Carrillo, Paul & Emran, M. Shahe, 2018. "Loss Aversion, Transaction Costs, or Audit Trigger? Learning about Corporate Tax Compliance from a Policy Experiment with Withholding Regime," MPRA Paper 87445, University Library of Munich, Germany.
    27. Federico Esposito, 2016. "Risk Diversification and International Trade," 2016 Meeting Papers 302, Society for Economic Dynamics.
    28. Neus Herranz & Stefan Krasa & Anne P. Villamil, 2009. "Entrepreneurs, Legal Institutions and Firm Dynamics," Centre for Growth and Business Cycle Research Discussion Paper Series 128, Economics, The University of Manchester.
    29. Smith, Lisa & Rees, Patricia & Murray, Noel, 2016. "Turning entrepreneurs into intrapreneurs: Thomas Cook, a case-study," Tourism Management, Elsevier, vol. 56(C), pages 191-204.
    30. Pankaj C. Patel & Mike G. Tsionas, 2022. "Learning‐by‐lending and learning‐by‐repaying: A two‐sided learning model for defaults on Small Business Administration loans," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(4), pages 906-919, June.
    31. David Chivers, 2017. "Success, Survive or Escape? Aspirations and Poverty Traps," Working Papers 2017_06, Durham University Business School.
    32. Mariano Puglisi & Vincenzo Fasone & Giulio Pedrini & Deborah Gervasi & Guglielmo Faldetta, 2022. "Using a dual system of reasoning in small businesses: Entrepreneurial decisions and subjective risk intelligence," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 529-553, June.
    33. Hamid Etemad, 2021. "Revisiting aspects of entrepreneurship, entrepreneurial orientation, entrepreneurial intentions, international entrepreneurship, and their corresponding consequences," Journal of International Entrepreneurship, Springer, vol. 19(3), pages 321-338, September.
    34. Esposito, Federico, 2020. "Demand Risk and Diversification through International Trade," MPRA Paper 100865, University Library of Munich, Germany.
    35. Joel M. Vanden, 2016. "Optimal capital structures for private firms," Annals of Finance, Springer, vol. 12(2), pages 245-273, May.
    36. David Chivers & Zhigang Feng & Anne Villamil, 2017. "Employment-based Health Insurance and Misallocation: Implications for the Macroeconomy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 23, pages 125-149, January.
    37. Jim Y. Jin & Shinji Kobayashi, 2016. "Impact of risk aversion and countervailing tax in oligopoly," Annals of Finance, Springer, vol. 12(3), pages 393-408, December.
    38. Fan, Gang-Zhi & Li, Han & Li, Jiangyi & Zhang, Jian, 2022. "Housing property rights, collateral, and entrepreneurship: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 143(C).

  2. Stefan Krasa & Mattias Polborn, 2011. "Social Ideology and Taxes in a Differentiated Candidates Framework," CESifo Working Paper Series 3503, CESifo.

    Cited by:

    1. Koichi Fukumura & Atsushi Yamagishi, 2020. "Minimum wage competition," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 27(6), pages 1557-1581, December.
    2. Gersbach, Hans & Tejada, Oriol & Muller, Philippe, 2016. "The Effects of Higher Re-election Hurdles and Costs of Policy Change on Political Polarization," CEPR Discussion Papers 11375, C.E.P.R. Discussion Papers.
    3. Ruzica Savcic & Dimitrios Xefteris, 2020. "Apostolic Voting," University of Cyprus Working Papers in Economics 08-2020, University of Cyprus Department of Economics.
    4. Stefan Krasa & Mattias Polborn, 2012. "Elites or Masses? A Structural Model of Policy Divergence, Voter Sorting and Apparent Polarization in U.S. Presidential Elections, 1972-2008," CESifo Working Paper Series 3752, CESifo.
    5. Ronayne, David, 2016. "Extreme Idealism and Equilibrium in the Hotelling-Downs Model of Political Competition," CRETA Online Discussion Paper Series 21, Centre for Research in Economic Theory and its Applications CRETA.
    6. Hideo Konishi & Chen-Yu Pan, 2018. "Silent Promotion of Agendas: Campaign Contributions and Ideological Polarization," Boston College Working Papers in Economics 944, Boston College Department of Economics, revised 25 Jul 2018.
    7. Satyajit Chatterjee & Burcu Eyigungor, 2024. "The Changing Polarization of Party Ideologies: The Role of Sorting," Working Papers 24-04, Federal Reserve Bank of Philadelphia.
    8. Dimitrios Xefteris, 2015. "Multidimensional electoral competition between differentiated candidates," University of Cyprus Working Papers in Economics 01-2015, University of Cyprus Department of Economics.
    9. Thorsten Drautzburg & Igor Livshits & Mark L. J. Wright, 2022. "Polarized Contributions but Convergent Agendas," Working Papers 22-29, Federal Reserve Bank of Philadelphia.
    10. Katsuya Kobayashi & Hideo Konishi, 2013. "Endogenous Party Structure," Boston College Working Papers in Economics 848, Boston College Department of Economics, revised 01 Nov 2016.
    11. Karakas, Leyla D. & Mitra, Devashish, 2020. "Inequality, redistribution and the rise of outsider candidates," Games and Economic Behavior, Elsevier, vol. 124(C), pages 1-16.
    12. Hargreaves Heap, Shaun P. & Manifold, Emma & Matakos, Konstantinos & Xefteris, Dimitrios, 2022. "How does group identification affect redistribution in representative democracies? An Experiment," Journal of Public Economics, Elsevier, vol. 215(C).
    13. Stylianos Papageorgiou & Dimitrios Xefteris, 2021. "A Collective Investment in Financial Literacy by Heterogeneous Households," University of Cyprus Working Papers in Economics 04-2021, University of Cyprus Department of Economics.
    14. Rosalia Greco, 2016. "Redistribution, Polarization, and Ideology," EcoMod2016 9699, EcoMod.
    15. Fourati, Maleke & Gratton, Gabriele & Grosjean, Pauline, 2019. "Render unto Caesar: Taxes, charity, and political Islam," European Economic Review, Elsevier, vol. 119(C), pages 114-146.
    16. Myunghoon Kang, 2017. "Representation, sophisticated voting, and the size of the gridlock region," Journal of Theoretical Politics, , vol. 29(4), pages 623-646, October.
    17. Dotti, Valerio, 2020. "Income inequality, size of government, and tax progressivity: A positive theory," European Economic Review, Elsevier, vol. 121(C).
    18. Dewan, Torun & Wolton, Stephane, 2019. "A Political Economy of Social Discrimination," MPRA Paper 94394, University Library of Munich, Germany.
    19. Leyla D. Karakas & Devashish Mitra, 2021. "Electoral competition in the presence of identity politics," Journal of Theoretical Politics, , vol. 33(2), pages 169-197, April.
    20. Maxim Senkov & Arseniy Samsonov, 2024. "Should Politicians be Informed? Targeted Benefits and Heterogeneous Voters," Papers 2401.04273, arXiv.org.
    21. Minh T. Le & Alejandro Saporiti & Yizhi Wang, 2021. "Distributive politics with other‐regarding preferences," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(2), pages 203-227, April.
    22. Stefan Krasa & Mattias Polborn, 2014. "Policy Divergence and Voter Polarization in a Structural Model of Elections," Journal of Law and Economics, University of Chicago Press, vol. 57(1), pages 31-76.
    23. Nunnari, Salvatore & Zápal, Jan, 2017. "Dynamic Elections and Ideological Polarization," Political Analysis, Cambridge University Press, vol. 25(4), pages 505-534, October.
    24. Knudson, Mathew, 2020. "Two candidate competition on differentiated policy sets," Games and Economic Behavior, Elsevier, vol. 121(C), pages 413-434.
    25. William Howell & Stefan Krasa & Mattias Polborn, 2020. "Political Conflict over Time," American Journal of Political Science, John Wiley & Sons, vol. 64(3), pages 554-568, July.
    26. Marco Magnani, 2017. "Electoral competition with ideologically biased voters," Journal of Theoretical Politics, , vol. 29(3), pages 415-439, July.
    27. Hans Gersbach & Philippe Muller & Oriol Tejada, 2015. "Costs of Change, Political Polarization, and Re-election Hurdles," CER-ETH Economics working paper series 15/222, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    28. Karakas, Leyla D. & Mitra, Devashish, 2020. "Believers vs. deniers: Climate change and environmental policy polarization," European Journal of Political Economy, Elsevier, vol. 65(C).
    29. Konstantinos Matakos & Dimitrios Xefteris, 2017. "When extremes meet: Redistribution in a multiparty model with differentiated parties," Journal of Theoretical Politics, , vol. 29(4), pages 546-577, October.

  3. Stefan Krasa & Mattias Polborn, 2010. "Competition between Specialized Candidates," CESifo Working Paper Series 2930, CESifo.

    Cited by:

    1. Gersbach, Hans & Tejada, Oriol & Muller, Philippe, 2016. "The Effects of Higher Re-election Hurdles and Costs of Policy Change on Political Polarization," CEPR Discussion Papers 11375, C.E.P.R. Discussion Papers.
    2. Stefan Krasa & Mattias Polborn, 2012. "Elites or Masses? A Structural Model of Policy Divergence, Voter Sorting and Apparent Polarization in U.S. Presidential Elections, 1972-2008," CESifo Working Paper Series 3752, CESifo.
    3. Thomas Jensen, 2013. "Elections, Information, and State-Dependent Candidate Quality," Discussion Papers 13-03, University of Copenhagen. Department of Economics.
    4. Fabian Gouret, 2021. "Empirical foundation of valence using Aldrich-McKelvey scaling," Post-Print hal-03637791, HAL.
    5. Tabellini, Guido & Panunzi, Fausto & Pavoni, Nicola, 2020. "Economic Shocks and Populism: The Political Implications of Reference-Dependent Preferences," CEPR Discussion Papers 15213, C.E.P.R. Discussion Papers.
    6. Avidit Acharya & Takuo Sugaya & Eray Turkel, 2022. "Electoral Campaigns as Dynamic Contests," "Marco Fanno" Working Papers 0293, Dipartimento di Scienze Economiche "Marco Fanno".
    7. Karakas, Leyla D. & Mitra, Devashish, 2020. "Inequality, redistribution and the rise of outsider candidates," Games and Economic Behavior, Elsevier, vol. 124(C), pages 1-16.
    8. Stefan Krasa & Mattias Polborn, 2014. "Social Ideology and Taxes in a Differentiated Candidates Framework," American Economic Review, American Economic Association, vol. 104(1), pages 308-322, January.
    9. Denter, Philipp, 2021. "Valence, complementarities, and political polarization," Games and Economic Behavior, Elsevier, vol. 128(C), pages 39-57.
    10. Jon Eguia, 2013. "On the spatial representation of preference profiles," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 103-128, January.
    11. Fabian Gouret & Stéphane Rossignol, 2019. "Intensity valence," Post-Print hal-04256721, HAL.
    12. Eguia, Jon X. & Giovannoni, Francesco, 2019. "Tactical Extremism," American Political Science Review, Cambridge University Press, vol. 113(1), pages 282-286, February.
    13. Anja Prummer, 2016. "Spatial Advertisement in Political Campaigns," Working Papers 805, Queen Mary University of London, School of Economics and Finance.
    14. Krasa, Stefan & Polborn, Mattias K., 2012. "Political competition between differentiated candidates," Games and Economic Behavior, Elsevier, vol. 76(1), pages 249-271.
    15. Weber, Shlomo & Shapoval, Alexander & Alexei, Zakharov, 2016. "Valence influence in electoral competition with rank objectives," CEPR Discussion Papers 11527, C.E.P.R. Discussion Papers.
    16. Razvan Vlaicu, 2018. "Inequality, participation, and polarization," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 50(4), pages 597-624, April.
    17. Thomas Jensen, 2015. "Elections, Information, and State-Dependent Candidate Quality," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(5), pages 702-723, October.
    18. Prummer, Anja, 2020. "Micro-targeting and polarization," Journal of Public Economics, Elsevier, vol. 188(C).
    19. Andrei M. Gomberg & Francisco Marhuenda & Ignacio Ortuño-Ortín, 2016. "Endogenous party platforms: ‘stochastic’ membership," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 62(4), pages 839-866, October.
    20. Minh T. Le & Alejandro Saporiti & Yizhi Wang, 2021. "Distributive politics with other‐regarding preferences," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(2), pages 203-227, April.
    21. Stefan Krasa & Mattias Polborn, 2014. "Policy Divergence and Voter Polarization in a Structural Model of Elections," Journal of Law and Economics, University of Chicago Press, vol. 57(1), pages 31-76.
    22. Subhasish M. Chowdhury & Sang-Hyun Kim, 2023. "The Central Influencer Theorem: Spatial Voting Contests with Endogenous Coalition Formation," Working Papers 2023019, The University of Sheffield, Department of Economics.
    23. Justin Mattias Valasek, 2012. "Get Out The Vote: How Encouraging Voting Changes Political Outcomes," Economics and Politics, Wiley Blackwell, vol. 24(3), pages 346-373, November.
    24. Zhang, Qiaoxi, 2020. "Vagueness in multidimensional proposals," Games and Economic Behavior, Elsevier, vol. 121(C), pages 307-328.
    25. Patrick Hummel, 2013. "Resource allocation when different candidates are stronger on different issues," Journal of Theoretical Politics, , vol. 25(1), pages 128-149, January.
    26. Yohei Yamaguchi & Ken Yahagi, 2024. "Law enforcement and political misinformation," Journal of Theoretical Politics, , vol. 36(1), pages 3-36, January.
    27. Avidit Acharya & Edoardo Grillo & Takuo Sugaya & Eray Turkel, 2019. "Dynamic Campaign Spending," Carlo Alberto Notebooks 601, Collegio Carlo Alberto.
    28. Hejun Zhuang, 2018. "Modeling Strategic Location Choices for Disadvantaged Firms," International Business Research, Canadian Center of Science and Education, vol. 11(10), pages 59-78, October.
    29. Sevgi Yuksel, 2022. "Specialized Learning And Political Polarization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(1), pages 457-474, February.
    30. Hans Gersbach & Philippe Muller & Oriol Tejada, 2015. "Costs of Change, Political Polarization, and Re-election Hurdles," CER-ETH Economics working paper series 15/222, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    31. Karakas, Leyla D. & Mitra, Devashish, 2020. "Believers vs. deniers: Climate change and environmental policy polarization," European Journal of Political Economy, Elsevier, vol. 65(C).

  4. Neus Herranz & Stefan Krasa & Anne P. Villamil, 2009. "Entrepreneurs, Legal Institutions and Firm Dynamics," Centre for Growth and Business Cycle Research Discussion Paper Series 128, Economics, The University of Manchester.

    Cited by:

    1. Hui Chen & Jianjun Miao & Neng Wang, 2010. "Entrepreneurial Finance and Nondiversifiable Risk," The Review of Financial Studies, Society for Financial Studies, vol. 23(12), pages 4348-4388, December.
    2. Shi, Huihong & Mu, Congming & Yang, Jinqiang & Huang, Wenli, 2021. "A Sino-US comparative analysis of the hi-tech entrepreneurial model," Economic Modelling, Elsevier, vol. 94(C), pages 953-966.
    3. Ye (George) Jia, 2015. "The impact of personal bankruptcy law on entrepreneurship," Canadian Journal of Economics, Canadian Economics Association, vol. 48(2), pages 464-493, May.
    4. Ege Can, 2022. "Income taxation, entrepreneurship, and incorporation status of self-employment," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(5), pages 1260-1293, October.
    5. Nelson Souza-Sobrinho, 2010. "Macroeconomics of bank interest spreads: evidence from Brazil," Annals of Finance, Springer, vol. 6(1), pages 1-32, January.
    6. Andrew Glover, 2010. "Bankruptcy, Incorporation, and the Nature of Entrepreneurial Risk," 2010 Meeting Papers 1010, Society for Economic Dynamics.
    7. Fossen, Frank M., 2019. "Entrepreneurship over the Business Cycle in the United States: A Decomposition," IZA Discussion Papers 12499, Institute of Labor Economics (IZA).
    8. Chong Wang & Neng Wang & Jinqiang Yang, 2011. "A Unified Model of Entrepreneurship Dynamics," NBER Working Papers 16843, National Bureau of Economic Research, Inc.
    9. Chong Kyoon Lee & Johan Wiklund & Alejandro Amezcua & Tae Jun Bae & Almantas Palubinskas, 2022. "Business failure and institutions in entrepreneurship: a systematic review and research agenda," Small Business Economics, Springer, vol. 58(4), pages 1997-2023, April.
    10. Frank M. Fossen, 2021. "Self-employment over the business cycle in the USA: a decomposition," Small Business Economics, Springer, vol. 57(4), pages 1837-1855, December.

  5. Stefan Krasa & Mattias Polborn, 2009. "Political Competition between Differentiated Candidates," CESifo Working Paper Series 2560, CESifo.

    Cited by:

    1. Konstantinos Matakos & Dimitrios Xefteris, 2017. "Divide and rule: redistribution in a model with differentiated candidates," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(4), pages 867-902, April.
    2. Ruzica Savcic & Dimitrios Xefteris, 2020. "Apostolic Voting," University of Cyprus Working Papers in Economics 08-2020, University of Cyprus Department of Economics.
    3. Enriqueta Aragonès & Dimitrios Xefteris, 2015. "Voters’ Private Valuation of Candidates’ Quality," Working Papers 858, Barcelona School of Economics.
    4. Stefan Krasa & Mattias Polborn, 2012. "Elites or Masses? A Structural Model of Policy Divergence, Voter Sorting and Apparent Polarization in U.S. Presidential Elections, 1972-2008," CESifo Working Paper Series 3752, CESifo.
    5. Ronayne, David, 2016. "Extreme Idealism and Equilibrium in the Hotelling-Downs Model of Political Competition," CRETA Online Discussion Paper Series 21, Centre for Research in Economic Theory and its Applications CRETA.
    6. Hideo Konishi & Chen-Yu Pan, 2018. "Silent Promotion of Agendas: Campaign Contributions and Ideological Polarization," Boston College Working Papers in Economics 944, Boston College Department of Economics, revised 25 Jul 2018.
    7. Paul Redmond, 2017. "Incumbent-challenger and open-seat elections in a spatial model of political competition," Public Choice, Springer, vol. 170(1), pages 79-97, January.
    8. Krasa, Stefan & Polborn, Mattias, 2010. "Competition between Specialized Candidates," American Political Science Review, Cambridge University Press, vol. 104(4), pages 745-765, November.
    9. Dimitrios Xefteris, 2015. "Multidimensional electoral competition between differentiated candidates," University of Cyprus Working Papers in Economics 01-2015, University of Cyprus Department of Economics.
    10. Marcin Dziubiński & Jaideep Roy, 2011. "Electoral competition in 2-dimensional ideology space with unidimensional commitment," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 36(1), pages 1-24, January.
    11. Fabian Gouret, 2021. "Empirical foundation of valence using Aldrich-McKelvey scaling," Post-Print hal-03637791, HAL.
    12. Dimitrios Xefteris, 2018. "Candidate valence in a spatial model with entry," Public Choice, Springer, vol. 176(3), pages 341-359, September.
    13. Azrieli, Yaron, 2011. "Axioms for Euclidean preferences with a valence dimension," Journal of Mathematical Economics, Elsevier, vol. 47(4-5), pages 545-553.
    14. Parag, Waknis, 2012. "Political economy of sub-national spending in India," MPRA Paper 52807, University Library of Munich, Germany, revised Apr 2013.
    15. Karakas, Leyla D. & Mitra, Devashish, 2020. "Inequality, redistribution and the rise of outsider candidates," Games and Economic Behavior, Elsevier, vol. 124(C), pages 1-16.
    16. Hargreaves Heap, Shaun P. & Manifold, Emma & Matakos, Konstantinos & Xefteris, Dimitrios, 2022. "How does group identification affect redistribution in representative democracies? An Experiment," Journal of Public Economics, Elsevier, vol. 215(C).
    17. Bernard Grofman & Orestis Troumpounis & Dimitrios Xefteris, 2016. "Electoral competition with primaries and quality asymmetries," Working Papers 135286117, Lancaster University Management School, Economics Department.
    18. Stefan Krasa & Mattias Polborn, 2014. "Social Ideology and Taxes in a Differentiated Candidates Framework," American Economic Review, American Economic Association, vol. 104(1), pages 308-322, January.
    19. Denter, Philipp, 2021. "Valence, complementarities, and political polarization," Games and Economic Behavior, Elsevier, vol. 128(C), pages 39-57.
    20. Stylianos Papageorgiou & Dimitrios Xefteris, 2021. "A Collective Investment in Financial Literacy by Heterogeneous Households," University of Cyprus Working Papers in Economics 04-2021, University of Cyprus Department of Economics.
    21. Fabian Gouret & Stéphane Rossignol, 2019. "Intensity valence," Post-Print hal-04256721, HAL.
    22. Anja Prummer, 2016. "Spatial Advertisement in Political Campaigns," Working Papers 805, Queen Mary University of London, School of Economics and Finance.
    23. Fourati, Maleke & Gratton, Gabriele & Grosjean, Pauline, 2019. "Render unto Caesar: Taxes, charity, and political Islam," European Economic Review, Elsevier, vol. 119(C), pages 114-146.
    24. Weber, Shlomo & Shapoval, Alexander & Alexei, Zakharov, 2016. "Valence influence in electoral competition with rank objectives," CEPR Discussion Papers 11527, C.E.P.R. Discussion Papers.
    25. Thomas Jensen, 2015. "Elections, Information, and State-Dependent Candidate Quality," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(5), pages 702-723, October.
    26. Leyla D. Karakas & Devashish Mitra, 2021. "Electoral competition in the presence of identity politics," Journal of Theoretical Politics, , vol. 33(2), pages 169-197, April.
    27. Prummer, Anja, 2020. "Micro-targeting and polarization," Journal of Public Economics, Elsevier, vol. 188(C).
    28. Andrei M. Gomberg & Francisco Marhuenda & Ignacio Ortuño-Ortín, 2016. "Endogenous party platforms: ‘stochastic’ membership," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 62(4), pages 839-866, October.
    29. Minh T. Le & Alejandro Saporiti & Yizhi Wang, 2021. "Distributive politics with other‐regarding preferences," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(2), pages 203-227, April.
    30. Panova Elena, 2011. "Electoral Endorsements and Campaign Contributions," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-25, February.
    31. Krasa, Stefan & Polborn, Mattias, 2010. "The binary policy model," Journal of Economic Theory, Elsevier, vol. 145(2), pages 661-688, March.
    32. Knudson, Mathew, 2020. "Two candidate competition on differentiated policy sets," Games and Economic Behavior, Elsevier, vol. 121(C), pages 413-434.
    33. Karakas, Leyla D. & Mitra, Devashish, 2020. "Believers vs. deniers: Climate change and environmental policy polarization," European Journal of Political Economy, Elsevier, vol. 65(C).
    34. Konstantinos Matakos & Dimitrios Xefteris, 2017. "When extremes meet: Redistribution in a multiparty model with differentiated parties," Journal of Theoretical Politics, , vol. 29(4), pages 546-577, October.

  6. Stefan Krasa & Mattias Polborn, 2007. "Majority-efficiency and Competition-efficiency in a Binary Policy Model," CESifo Working Paper Series 1958, CESifo.

    Cited by:

    1. Krasa, Stefan & Polborn, Mattias, 2010. "Competition between Specialized Candidates," American Political Science Review, Cambridge University Press, vol. 104(4), pages 745-765, November.
    2. J. Atsu Amegashie & Bazoumana Ouattara & Eric Strobl, 2007. "Moral Hazard and the Composition of Transfers: Theory with an Application to Foreign Aid," Working Papers 0702, University of Guelph, Department of Economics and Finance.

  7. Dan Bernhardt & Stefan Krasa & Mattias Polborn, 2006. "Political Polarization and the Electoral Effects of Media Bias," CESifo Working Paper Series 1798, CESifo.

    Cited by:

    1. Amedeo Piolatto & Florian Schuett, 2014. "Media competition and electoral politics," Working Papers 2014/14, Institut d'Economia de Barcelona (IEB).
    2. John Duggan & Cesar Martinelli, 2008. "The Role of Media Slant in Elections and Economics," Working Papers 0802, Centro de Investigacion Economica, ITAM.
    3. Ozerturk, Saltuk, 2022. "Media access, bias and public opinion," European Economic Review, Elsevier, vol. 147(C).
    4. Maria Petrova, 2010. "Mass Media and Special Interest Groups," Working Papers w0144, New Economic School (NES).
    5. Gersbach, Hans & Tejada, Oriol & Muller, Philippe, 2016. "The Effects of Higher Re-election Hurdles and Costs of Policy Change on Political Polarization," CEPR Discussion Papers 11375, C.E.P.R. Discussion Papers.
    6. Shane Greenstein & Feng Zhu, 2012. "Is Wikipedia Biased?," American Economic Review, American Economic Association, vol. 102(3), pages 343-348, May.
    7. Shane Greenstein & Yuan Gu & Feng Zhu, 2016. "Ideological Segregation among Online Collaborators: Evidence from Wikipedians," Harvard Business School Working Papers 17-028, Harvard Business School, revised Mar 2017.
    8. Bernhardt, Lea & Dewenter, Ralf & Thomas, Tobias, 2020. "Measuring partisan media bias in US Newscasts from 2001-2012," Working Paper 183/2020, Helmut Schmidt University, Hamburg, revised 15 Nov 2022.
    9. Gene M. Grossman & Elhanan Helpman, 2020. "Electoral Competition with Fake News," Working Papers 2020-11, Princeton University. Economics Department..
    10. Garz, Marcel & Sörensen, Jil & Stone, Daniel F., 2020. "Partisan selective engagement: Evidence from Facebook," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 91-108.
    11. Grechyna, Daryna, 2015. "On Determinants of Political Polarization," MPRA Paper 67611, University Library of Munich, Germany.
    12. Vladimir Novak & Andrei Matveenko & Silvio Ravaioli, 2021. "The Status Quo and Belief Polarization of Inattentive Agents: Theory and Experiment," Working Papers 674, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    13. Valentino Larcinese & Riccardo Puglisi & James Snyder, 2011. "Partisan bias in economic news: evidence on the agenda-setting behavior of U.S. newspapers," ULB Institutional Repository 2013/10401, ULB -- Universite Libre de Bruxelles.
    14. Cagdas Agirdas, 2015. "What Drives Media Bias? New Evidence From Recent Newspaper Closures," Journal of Media Economics, Taylor & Francis Journals, vol. 28(3), pages 123-141, September.
    15. Lindqvist, Erik & Östling, Robert, 2006. "Political Polarization and the Size of Government," SSE/EFI Working Paper Series in Economics and Finance 628, Stockholm School of Economics, revised 18 Aug 2009.
    16. Margot Belguise, 2023. "Red herrings: A theory of bad politicians hijacking media attention," Discussion Papers 2023-12, Nottingham Interdisciplinary Centre for Economic and Political Research (NICEP).
    17. Dewenter, Ralf & Dulleck, Uwe & Thomas, Tobias, 2018. "The political coverage index and its application to government capture," Research Papers 6, EcoAustria – Institute for Economic Research.
    18. Strömberg, David & Prat, Andrea, 2011. "The Political Economy of Mass Media," CEPR Discussion Papers 8246, C.E.P.R. Discussion Papers.
    19. Bodo Knoll & Hans Pitlik & Martin Rode, 2023. "TV Consumption Patterns and the Impact of Media Freedom on Political Trust and Satisfaction with the Government," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(1), pages 323-340, September.
    20. Alejandro Castañeda & Cesar Martinelli, 2015. "Political Economics of Broadcast Media," Working Papers 1055, George Mason University, Interdisciplinary Center for Economic Science.
    21. Miura, Shintaro, 2019. "Manipulated news model: Electoral competition and mass media," Games and Economic Behavior, Elsevier, vol. 113(C), pages 306-338.
    22. Bühler Mathias & Andrew Dickens, 2024. "From Couch to Poll: Media Content and The Value of Local Information," Rationality and Competition Discussion Paper Series 496, CRC TRR 190 Rationality and Competition.
    23. Archishman Chakraborty & Parikshit Ghosh, 2016. "Character Endorsements and Electoral Competition," American Economic Journal: Microeconomics, American Economic Association, vol. 8(2), pages 277-310, May.
    24. Benesch, Christine & Loretz, Simon & Stadelmann, David & Thomas, Tobias, 2019. "Media coverage and immigration worries: Econometric evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 160(C), pages 52-67.
    25. Sobbrio, Francesco, 2009. "A Citizens-Editors Model of News Media," MPRA Paper 18213, University Library of Munich, Germany.
    26. John Duggan & Cesar Martinelli, 2008. "Rational Expectations and Media Slant," Levine's Bibliography 122247000000001844, UCLA Department of Economics.
    27. Eraslan, Hulya & Ozerturk, Saltuk, 2017. "Information Gatekeeping and Media Bias," Working Papers 17-001, Rice University, Department of Economics.
    28. Federico Vaccari, 2023. "Influential news and policy-making," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(4), pages 1363-1418, November.
    29. Philipp Denter & Martin Dumav & Boris Ginzburg, 2021. "Social Connectivity, Media Bias, and Correlation Neglect," The Economic Journal, Royal Economic Society, vol. 131(637), pages 2033-2057.
    30. Takanori Adachi & Yoichi Hizen, 2012. "Political Accountability, Electoral Control, and Media Bias," KIER Working Papers 811, Kyoto University, Institute of Economic Research.
    31. Zilinsky, Jan, 2009. "Média, vlastníci a tlaky: súhrn poznatkov o trhu s informáciami [Media, owners and pressures: our understanding of the market for information]," MPRA Paper 13660, University Library of Munich, Germany.
    32. Katsuya Kobayashi & Hideo Konishi, 2013. "Endogenous Party Structure," Boston College Working Papers in Economics 848, Boston College Department of Economics, revised 01 Nov 2016.
    33. Matthew Gentzkow & Jesse M. Shapiro & Daniel F. Stone, 2014. "Media Bias in the Marketplace: Theory," NBER Working Papers 19880, National Bureau of Economic Research, Inc.
    34. Chan, Jimmy & Suen, Wing, 2009. "Media as watchdogs: The role of news media in electoral competition," European Economic Review, Elsevier, vol. 53(7), pages 799-814, October.
    35. Daron Acemoglu & Alexander Wolitzky, 2012. "Cycles of Distrust: An Economic Model," NBER Working Papers 18257, National Bureau of Economic Research, Inc.
    36. Salvatore Barbaro, 2021. "A social-choice perspective on authoritarianism and political polarization," Working Papers 2108, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
    37. Jimmy Chan & Daniel Stone, 2013. "Media proliferation and partisan selective exposure," Public Choice, Springer, vol. 156(3), pages 467-490, September.
    38. Deena A. Isom & Hunter M. Boehme & Toniqua C. Mikell & Stephen Chicoine & Marion Renner, 2021. "Status Threat, Social Concerns, and Conservative Media: A Look at White America and the Alt-Right," Societies, MDPI, vol. 11(3), pages 1-20, July.
    39. Lin Hu & Anqi Li & Ilya Segal, 2019. "The Politics of Personalized News Aggregation," Papers 1910.11405, arXiv.org, revised Nov 2022.
    40. Paul E. Fischer & Mirko S. Heinle & Kevin C. Smith, 2020. "Constrained listening, audience alignment, and expert communication," RAND Journal of Economics, RAND Corporation, vol. 51(4), pages 1037-1062, December.
    41. Faia, Ester & Fuster, Andreas & Pezone, Vincenzo & Zafar, Basit, 2021. "Biases in information selection and processing: Survey evidence from the pandemic," SAFE Working Paper Series 307, Leibniz Institute for Financial Research SAFE.
    42. Dan Bernhardt & Stefan Krasa & Mattias Polborn, 2006. "Political Polarization and the Electoral Effects of Media Bias," CESifo Working Paper Series 1798, CESifo.
    43. Yuan, Han, 2016. "Measuring media bias in China," China Economic Review, Elsevier, vol. 38(C), pages 49-59.
    44. Bernhardt, Lea & Dewenter, Ralf & Thomas, Tobias, 2020. "Watchdog or loyal servant? Political media bias in US newscasts," DICE Discussion Papers 348, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    45. Bruns, Christian & Himmler, Oliver, 2016. "Mass media, instrumental information, and electoral accountability," Journal of Public Economics, Elsevier, vol. 134(C), pages 75-84.
    46. Stone, Daniel & sood, Gaurav & Garz, Marcel & Wallace, Justin, 2018. "The supply of media slant across outlets and demand for slant within-outlets: Evidence from US presidential campaign news," SocArXiv fy2we, Center for Open Science.
    47. Jung, Hanjoon Michael, 2007. "Strategic Information Transmission through the Media," MPRA Paper 5556, University Library of Munich, Germany, revised Oct 2007.
    48. James Rockey & Nadia Zakir, 2021. "Power and the money, money and the power: A network analysis of donations from American corporate to political leaders," Discussion Papers 21-03, Department of Economics, University of Birmingham.
    49. Chonnakan Rittinon & Boontida Sa-ngimnet & Suparit Suwanik & Tanisa Tawichsri & Thiti Tosborvorn, 2022. "(I Think) I Don't Think Like You and I Don't Like You: Perception of Polarization and Out-Group Animosity," PIER Discussion Papers 194, Puey Ungphakorn Institute for Economic Research.
    50. Julia Cagé & Moritz Hengel & Nicolas Hervé & Camille Urvoy, 2022. "Hosting Media Bias: Evidence from the Universe of French Broadcasts, 2002-2020," Working Papers hal-03878119, HAL.
    51. Diermeier, Matthias & Goecke, Henry & Niehues, Judith & Thomas, Tobias, 2017. "Impact of inequality-related media coverage on the concerns of the citizens," Research Papers 4, EcoAustria – Institute for Economic Research.
    52. William Hankins & Gary Hoover & Paul Pecorino, 2017. "Party polarization, political alignment, and federal grant spending at the state level," Economics of Governance, Springer, vol. 18(4), pages 351-389, November.
    53. Alejandro Castañeda & César Martinelli, 2018. "Politics, entertainment and business: a multisided model of media," Public Choice, Springer, vol. 174(3), pages 239-256, March.
    54. Dewenter, Ralf & Linder, Melissa & Thomas, Tobias, 2018. "Can Media Drive the Electorate? The Impact of Media Coverage on Party Affiliation and Voting Intentions," Working Paper 179/2018, Helmut Schmidt University, Hamburg.
    55. Chopra, Felix & Haaland, Ingar & Roth, Christopher, 2020. "Do People Value More Informative News?," CAGE Online Working Paper Series 493, Competitive Advantage in the Global Economy (CAGE).
    56. Anja Prummer, 2016. "Spatial Advertisement in Political Campaigns," Working Papers 805, Queen Mary University of London, School of Economics and Finance.
    57. Stephane Wolton, 2019. "Are Biased Media Bad for Democracy?," American Journal of Political Science, John Wiley & Sons, vol. 63(3), pages 548-562, July.
    58. Thomas, Tobias, 2020. "Zur Rolle der Medien in der Demokratie," Research Papers 12, EcoAustria – Institute for Economic Research.
    59. Stone, Daniel F., 2011. "Ideological media bias," Journal of Economic Behavior & Organization, Elsevier, vol. 78(3), pages 256-271, May.
    60. Christoph Schinke, 2015. "Capital in the 21st Century and Bias in German Print Media," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 16(01), pages 35-39, May.
    61. Jacopo Bizzotto & Benjamin Solow, 2019. "Electoral Competition with Strategic Disclosure," Games, MDPI, vol. 10(3), pages 1-17, July.
    62. Siddhartha Bandyopadhyay & Kalyan Chatterjee & Jaideep Roy, 2020. "Extremist Platforms: Political Consequences Of Profit‐Seeking Media," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(3), pages 1173-1193, August.
    63. Junze Sun & Arthur Schram & Randolph Sloof, 2019. "A Theory on Media Bias and Elections," Tinbergen Institute Discussion Papers 19-048/I, Tinbergen Institute.
    64. Trombetta, Federico & Rossignoli, Domenico, 2021. "The price of silence: Media competition, capture, and electoral accountability," European Journal of Political Economy, Elsevier, vol. 69(C).
    65. Edmond, Chris & Lu, Yang K., 2021. "Creating confusion," Journal of Economic Theory, Elsevier, vol. 191(C).
    66. Stadelmann, David & Thomas, Tobias & Zakharov, Nikita, 2023. "Too hot to play it cool? Temperature and media bias," DICE Discussion Papers 408, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    67. Riccardo Puglisi & James M. Snyder, Jr., 2011. "The Balanced U.S. Press," NBER Working Papers 17263, National Bureau of Economic Research, Inc.
    68. Yi Che & Xiaoyu He & Yan Zhang, 2021. "Natural resource exports and African countries' voting behaviour in the United Nations: Evidence from the economic rise of China," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 54(2), pages 712-759, May.
    69. Prummer, Anja, 2020. "Micro-targeting and polarization," Journal of Public Economics, Elsevier, vol. 188(C).
    70. Warren, Patrick L., 2012. "Independent auditors, bias, and political agency," Journal of Public Economics, Elsevier, vol. 96(1), pages 78-88.
    71. Riccardo Puglisi & James M. Snyder, Jr., 2008. "Media Coverage of Political Scandals," NBER Working Papers 14598, National Bureau of Economic Research, Inc.
    72. Stefan Krasa & Mattias Polborn, 2007. "Majority-efficiency and Competition-efficiency in a Binary Policy Model," CESifo Working Paper Series 1958, CESifo.
    73. Ascensión Andina Díaz, 2011. "Mass Media in Economics: Origins and Subsequent Contributions," Working Papers 2011-02, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center.
    74. Shane Greenstein & Feng Zhu, 2016. "Open Content, Linus’ Law, and Neutral Point of View," Information Systems Research, INFORMS, vol. 27(3), pages 618-635.
    75. Jacopo Perego & Sevgi Yuksel, 2022. "Media Competition and Social Disagreement," Econometrica, Econometric Society, vol. 90(1), pages 223-265, January.
    76. Dewenter, Ralf & Linder, Melissa & Thomas, Tobias, 2019. "Can media drive the electorate? The impact of media coverage on voting intentions," European Journal of Political Economy, Elsevier, vol. 58(C), pages 245-261.
    77. Faruk Gul & Wolfgang Pesendorfer, 2012. "Media and Policy," Working Papers 2012-2, Princeton University. Economics Department..
    78. Ashworth, Scott & Shotts, Kenneth W., 2010. "Does informative media commentary reduce politicians' incentives to pander?," Journal of Public Economics, Elsevier, vol. 94(11-12), pages 838-847, December.
    79. Sobbrio, Francesco, 2009. "Indirect Lobbying and Media Bias," MPRA Paper 18215, University Library of Munich, Germany.
    80. Ralf Dewenter & Uwe Dulleck & Tobias Thomas, 2020. "Does the 4th estate deliver? The Political Coverage Index and its application to media capture," Constitutional Political Economy, Springer, vol. 31(3), pages 292-328, September.
    81. Hanjoon Michael Jung, 2009. "Information Manipulation Through the Media," Journal of Media Economics, Taylor & Francis Journals, vol. 22(4), pages 188-210.
    82. Bernhardt, Lea & Dewenter, Ralf & Thomas, Tobias, 2023. "Measuring partisan media bias in US newscasts from 2001 to 2012," European Journal of Political Economy, Elsevier, vol. 78(C).
    83. Konstantin A. Kholodilin & Christian Kolmer & Tobias Thomas & Dirk Ulbricht, 2015. "Asymmetric Perceptions of the Economy: Media, Firms, Consumers, and Experts," Discussion Papers of DIW Berlin 1490, DIW Berlin, German Institute for Economic Research.
    84. Ignacio-Jesús Serrano-Contreras & Javier García-Marín & Óscar G. Luengo, 2020. "Measuring Online Political Dialogue: Does Polarization Trigger More Deliberation?," Media and Communication, Cogitatio Press, vol. 8(4), pages 63-72.
    85. Jianchun Fang & Giray Gozgor & Cheng Yan, 2021. "Does globalisation alleviate polarisation?," The World Economy, Wiley Blackwell, vol. 44(4), pages 1031-1052, April.
    86. Mathias Bühler & Andrew Dickens & Andrew C. Dickens, 2024. "From Couch to Poll: Media Content and the Value of Local Information," CESifo Working Paper Series 10959, CESifo.
    87. Yamaguchi, Yohei, 2022. "Issue selection, media competition, and polarization of salience," Games and Economic Behavior, Elsevier, vol. 136(C), pages 197-225.
    88. Fabio Motoki & Valdemar Pinho Neto & Victor Rodrigues, 2024. "More human than human: measuring ChatGPT political bias," Public Choice, Springer, vol. 198(1), pages 3-23, January.
    89. Sevgi Yuksel, 2022. "Specialized Learning And Political Polarization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(1), pages 457-474, February.

  8. Anne Villamil & Stefan Krasa & Tridib Sharma, 2004. "Enforcement and Firm Finance," 2004 Meeting Papers 868, Society for Economic Dynamics.

    Cited by:

    1. Hans K. Hvide & Todd Kaplan, 2003. "A Theory of Capital Structure with Strategic Defaults and Priority Violations," Microeconomics 0311001, University Library of Munich, Germany.
    2. Villamil, Anne P., 2003. "Introduction to capital accumulation and allocation in economic growth," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(4), pages 583-591.
    3. Krasa, Stefan & Sharma, Tridib & Villamil, Anne P., 2005. "Debt contracts and cooperative improvements," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 857-874, November.

  9. Stefan KRASA, 1997. "Efficiency with Incomplete Information," Vienna Economics Papers vie9707, University of Vienna, Department of Economics.

    Cited by:

    1. Oscar Volij, 2000. "Communication, credible improvements and the core of an economy with asymmetric information," International Journal of Game Theory, Springer;Game Theory Society, vol. 29(1), pages 63-79.

  10. Charles W. Calomiris & Charles M. Kahn & Stefan Krasa, 1991. "Optimal contingent bank liquidation under moral hazard," Working Paper Series, Issues in Financial Regulation 91-13, Federal Reserve Bank of Chicago.

    Cited by:

    1. Charles W. Calomiris & Berry Wilson, 2004. "Bank Capital and Portfolio Management: The 1930s "Capital Crunch" and the Scramble to Shed Risk," The Journal of Business, University of Chicago Press, vol. 77(3), pages 421-456, July.
    2. Schumacher, Liliana, 2000. "Bank runs and currency run in a system without a safety net: Argentina and the 'tequila' shock," Journal of Monetary Economics, Elsevier, vol. 46(1), pages 257-277, August.
    3. Charles W. Calomiris & Joseph R. Mason, 1994. "Contagion and Bank Failures During the Great Depression: The June 1932 Chicago Banking Panic," NBER Working Papers 4934, National Bureau of Economic Research, Inc.
    4. Stanley D. Longhofer, 1994. "Bankruptcy rules and debt contracting: on the relative efficiency of absolute priority, proportionate priority, and first-come, first-served rules," Working Papers (Old Series) 9415, Federal Reserve Bank of Cleveland.

Articles

  1. Dan Bernhardt & Stefan Krasa & Mehdi Shadmehr, 2022. "Demagogues and the Economic Fragility of Democracies," American Economic Review, American Economic Association, vol. 112(10), pages 3331-3366, October.

    Cited by:

    1. Emmanuelle Auriol & Nicolas Bonneton & Mattias Polborn, 2023. "Shaking Up the System: When Populism Disciplines Elite Politicians," CRC TR 224 Discussion Paper Series crctr224_2023_473, University of Bonn and University of Mannheim, Germany.
    2. Alan de Bromhead & Kevin Hjortshøj O'Rourke, 2023. "Should History Change The Way We Think About Populism?," NBER Working Papers 31148, National Bureau of Economic Research, Inc.

  2. Krasa, Stefan & Polborn, Mattias K., 2018. "Political Competition in Legislative Elections," American Political Science Review, Cambridge University Press, vol. 112(4), pages 809-825, November.

    Cited by:

    1. Micael Castanheira De Moura & Laurent Bouton & Garance Génicot, 2021. "Electoral Systems and Inequalities in Government Interventions," ULB Institutional Repository 2013/324653, ULB -- Universite Libre de Bruxelles.
    2. Felix J. Bierbrauer & Mattias Polborn & Felix Bierbrauer, 2020. "Competitive Gerrymandering and the Popular Vote," CESifo Working Paper Series 8654, CESifo.
    3. Gianmarco Daniele & Amedeo Piolatto & Willem Sas, 2018. "Who Sent You? Strategic Voting, Transfers and Bailouts in a Federation," Working Papers. Serie AD 2018-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    4. Gianmarco Daniele & Amedeo Piolatto & Willem Sas, 2020. "Does the winner take it all? Redistributive policies and political extremism," Working Papers 2020/01, Institut d'Economia de Barcelona (IEB).
    5. Bernhardt, Dan & Buisseret, Peter & Hidir, Sinem, 2018. "The Race to the Base," The Warwick Economics Research Paper Series (TWERPS) 1180, University of Warwick, Department of Economics.
    6. Jan Hk{a}z{l}a & Yan Jin & Elchanan Mossel & Govind Ramnarayan, 2019. "A Geometric Model of Opinion Polarization," Papers 1910.05274, arXiv.org, revised Aug 2021.
    7. Hideo Konishi & Chen‐Yu Pan, 2020. "Partisan and bipartisan gerrymandering," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(5), pages 1183-1212, September.
    8. Dotti, Valerio, 2019. "Political Parties and Policy Outcomes. Do Parties Block Reforms?," MPRA Paper 100227, University Library of Munich, Germany.
    9. Nicolae Stef & Sami Ben Jabeur, 2023. "Elections and Environmental Quality," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(2), pages 593-625, February.
    10. Christina Biedny & Trey Malone & Jayson L. Lusk, 2020. "Exploring Polarization in US Food Policy Opinions," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(3), pages 434-454, September.
    11. Peter Buisseret & Carlo Prato, 2020. "Voting behavior under proportional representation," Journal of Theoretical Politics, , vol. 32(1), pages 96-111, January.

  3. Neus Herranz & Stefan Krasa & Anne P. Villamil, 2017. "Entrepreneurs, legal institutions and firm dynamics," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(1), pages 263-285, January.
    See citations under working paper version above.
  4. Neus Herranz & Stefan Krasa & Anne P. Villamil, 2015. "Entrepreneurs, Risk Aversion, and Dynamic Firms," Journal of Political Economy, University of Chicago Press, vol. 123(5), pages 1133-1176.
    See citations under working paper version above.
  5. Stefan Krasa & Mattias Polborn, 2014. "Policy Divergence and Voter Polarization in a Structural Model of Elections," Journal of Law and Economics, University of Chicago Press, vol. 57(1), pages 31-76.

    Cited by:

    1. Fabian Gouret, 2021. "Empirical foundation of valence using Aldrich-McKelvey scaling," Post-Print hal-03637791, HAL.
    2. Paola Montilla & Magda Catalina Jiménez, 2020. "Elecciones 2018 en Colombia: la competencia política en un escenario de paz," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1176.
    3. Thomas L Brunell & Bernard Grofman & Samuel Merrill, 2016. "Components of party polarization in the US House of Representatives," Journal of Theoretical Politics, , vol. 28(4), pages 598-624, October.
    4. Roy, Sunanda & Wu, Kuan Chuen & Chandra, Abhijit, 2015. "Uncovering the "Will of the People": Measuring Preference Polarization among Voters," Staff General Research Papers Archive 38358, Iowa State University, Department of Economics.
    5. Pedraza, Lucía & Pinasco, Juan Pablo & Saintier, Nicolas & Balenzuela, Pablo, 2021. "An analytical formulation for multidimensional continuous opinion models," Chaos, Solitons & Fractals, Elsevier, vol. 152(C).

  6. Stefan Krasa & Mattias Polborn, 2014. "Social Ideology and Taxes in a Differentiated Candidates Framework," American Economic Review, American Economic Association, vol. 104(1), pages 308-322, January.
    See citations under working paper version above.
  7. Krasa, Stefan & Polborn, Mattias K., 2012. "Political competition between differentiated candidates," Games and Economic Behavior, Elsevier, vol. 76(1), pages 249-271.
    See citations under working paper version above.
  8. Krasa, Stefan & Polborn, Mattias, 2010. "Competition between Specialized Candidates," American Political Science Review, Cambridge University Press, vol. 104(4), pages 745-765, November.
    See citations under working paper version above.
  9. Krasa, Stefan & Polborn, Mattias, 2010. "The binary policy model," Journal of Economic Theory, Elsevier, vol. 145(2), pages 661-688, March.

    Cited by:

    1. Gersbach, Hans & Tejada, Oriol & Muller, Philippe, 2016. "The Effects of Higher Re-election Hurdles and Costs of Policy Change on Political Polarization," CEPR Discussion Papers 11375, C.E.P.R. Discussion Papers.
    2. Enriqueta Aragonès & Dimitrios Xefteris, 2015. "Voters’ Private Valuation of Candidates’ Quality," Working Papers 858, Barcelona School of Economics.
    3. Josep Colomer & Humberto Llavador, 2012. "An agenda-setting model of electoral competition," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 3(1), pages 73-93, March.
    4. George Deltas & Mattias K. Polborn, 2019. "Candidate competition and voter learning in the 2000–2012 US presidential primaries," Public Choice, Springer, vol. 178(1), pages 115-151, January.
    5. Hughes, Niall, 2020. "Strategic Voting in Two-Party Legislative Elections," MPRA Paper 100363, University Library of Munich, Germany.
    6. Dimitrios Xefteris, 2015. "Multidimensional electoral competition between differentiated candidates," University of Cyprus Working Papers in Economics 01-2015, University of Cyprus Department of Economics.
    7. Denter, Philipp, 2019. "Campaign Contests," MPRA Paper 97395, University Library of Munich, Germany.
    8. P. Roberti, 2014. "Lobbying in a multidimensional policy space with salient issues," Working Papers wp922, Dipartimento Scienze Economiche, Universita' di Bologna.
    9. Parag, Waknis, 2012. "Political economy of sub-national spending in India," MPRA Paper 52807, University Library of Munich, Germany, revised Apr 2013.
    10. Hargreaves Heap, Shaun P. & Manifold, Emma & Matakos, Konstantinos & Xefteris, Dimitrios, 2022. "How does group identification affect redistribution in representative democracies? An Experiment," Journal of Public Economics, Elsevier, vol. 215(C).
    11. Enriqueta Aragonès & Dimitrios Xefteris, 2022. "Ideological Consistency and Valence," Working Papers 1383, Barcelona School of Economics.
    12. Krasa, Stefan & Polborn, Mattias K., 2012. "Political competition between differentiated candidates," Games and Economic Behavior, Elsevier, vol. 76(1), pages 249-271.
    13. Knudson, Mathew, 2020. "Two candidate competition on differentiated policy sets," Games and Economic Behavior, Elsevier, vol. 121(C), pages 413-434.
    14. Hans Gersbach & Philippe Muller & Oriol Tejada, 2015. "Costs of Change, Political Polarization, and Re-election Hurdles," CER-ETH Economics working paper series 15/222, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    15. Konstantinos Matakos & Dimitrios Xefteris, 2017. "When extremes meet: Redistribution in a multiparty model with differentiated parties," Journal of Theoretical Politics, , vol. 29(4), pages 546-577, October.

  10. Krasa, Stefan & Polborn, Mattias K., 2009. "Is mandatory voting better than voluntary voting?," Games and Economic Behavior, Elsevier, vol. 66(1), pages 275-291, May.

    Cited by:

    1. Battaglini, Marco & Morton, Rebecca & Palfrey, Thomas, 2007. "Efficiency, Equity, and Timing of Voting Mechanisms," American Political Science Review, Cambridge University Press, vol. 101(3), pages 409-424, August.
    2. Ozgur Evren, 2009. "Altruism, Turnout and Strategic Voting Behavior," Levine's Working Paper Archive 814577000000000309, David K. Levine.
    3. Hoffman, Mitchell & León, Gianmarco & Lombardi, María, 2017. "Compulsory voting, turnout, and government spending: Evidence from Austria," Journal of Public Economics, Elsevier, vol. 145(C), pages 103-115.
    4. Marco Faravelli & Priscilla Man & Bang Dinh Nguyen, 2016. "Welfare comparison of electoral systems under power sharing," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 47(2), pages 413-429, August.
    5. Marco Faravelli & Randall Walsh, 2011. "Smooth Politicians and Paternalistic Voters: A Theory of Large Elections," NBER Working Papers 17397, National Bureau of Economic Research, Inc.
    6. Van Wesep, Edward D., 2014. "The Idealized Electoral College voting mechanism and shareholder power," Journal of Financial Economics, Elsevier, vol. 113(1), pages 90-108.
    7. Dmitriy Vorobyev, 2014. "Participation in Fraudulent Elections," CERGE-EI Working Papers wp510, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    8. Vijay Krishna & John Morgan, 2011. "Overcoming Ideological Bias in Elections," Journal of Political Economy, University of Chicago Press, vol. 119(2), pages 183-211.
    9. César Martinelli, 2005. "Rational Ignorance and Voting Behavior," Levine's Bibliography 784828000000000461, UCLA Department of Economics.
    10. Eguia, Jon & Xefteris, Dimitrios, 2018. "Implementation by vote-buying mechanisms," Working Papers 2018-1, Michigan State University, Department of Economics.
    11. Puppe, Clemens & Rollmann, Jana, 2022. "Participation in voting over budget allocations: A field experiment," Working Paper Series in Economics 155, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    12. Kohei Daido & Tomoya Tajika, 2020. "Abstention by Loss-Averse Voters," Discussion Paper Series 205, School of Economics, Kwansei Gakuin University.
    13. Schmitz, Patrick W. & Tröger, Thomas, 2012. "The (sub-)optimality of the majority rule," Games and Economic Behavior, Elsevier, vol. 74(2), pages 651-665.
    14. Tasos Kalandrakis, 2006. "Robust Rational Turnout," Wallis Working Papers WP44, University of Rochester - Wallis Institute of Political Economy.
    15. Felipe R. Durazzo & David Turchick, 2023. "Welfare-improving misreported polls," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(2), pages 523-565, February.
    16. Schmitz, Patrick W. & Tröger, Thomas, 2006. "Garbled Elections," CEPR Discussion Papers 5958, C.E.P.R. Discussion Papers.
    17. Raphaël Godefroy & Emeric Henry, 2011. "Voter Turnout and Fiscal Policy," SciencePo Working papers Main hal-00973093, HAL.
    18. Roland Hodler, 2010. "Compulsory Voting and Public Finance," Working Papers 10.04, Swiss National Bank, Study Center Gerzensee.
    19. Hans Gersbach & Akaki Mamageishvili & Oriol Tejada, 2017. "Assessment Voting in Large Electorates," CER-ETH Economics working paper series 17/284, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    20. Marco Faravelli & Santiago Sanchez-Pages, 2015. "(Don’t) Make My Vote Count," Journal of Theoretical Politics, , vol. 27(4), pages 544-569, October.
    21. Bracco, Emanuele & Revelli, Federico, 2018. "Concurrent elections and political accountability: Evidence from Italian local elections," Journal of Economic Behavior & Organization, Elsevier, vol. 148(C), pages 135-149.
    22. Santiago Sanchez-Pages, 2012. "(Don't) Make My Vote Count," Edinburgh School of Economics Discussion Paper Series 213, Edinburgh School of Economics, University of Edinburgh.
    23. Alessandra Casella & Antonin Macé, 2020. "Does Vote Trading Improve Welfare?," NBER Working Papers 27743, National Bureau of Economic Research, Inc.
    24. Acuña, Andrés, 2013. "Electoral involvement and appreciation for democracy under a compulsory voting rule," MPRA Paper 59398, University Library of Munich, Germany.
    25. Grüner, Hans Peter & Tröger, Thomas, 2018. "Linear voting rules," Working Papers 18-01, University of Mannheim, Department of Economics.
    26. Federico Revelli, 2013. "Tax limits and local democracy," Working Papers 2013/29, Institut d'Economia de Barcelona (IEB).
    27. Vijay Krishna & John Morgan, 2015. "Majority Rule and Utilitarian Welfare," American Economic Journal: Microeconomics, American Economic Association, vol. 7(4), pages 339-375, November.
    28. Xefteris, Dimitrios, 2019. "Strategic voting when participation is costly," Games and Economic Behavior, Elsevier, vol. 116(C), pages 122-127.
    29. Anna Lo Prete & Federico Revelli, 2014. "Voter Turnout and City Performance," Working papers 10, Società Italiana di Economia Pubblica.
    30. Matveenko, Andrei & Valei, Azamat & Vorobyev, Dmitriy, 2022. "Participation quorum when voting is costly," European Journal of Political Economy, Elsevier, vol. 73(C).
    31. C. Robert Clark & Mattias K. Polborn, 2011. "Strategic Buying to Prevent Seller Exit," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 20(2), pages 339-378, June.
    32. Taylor, Curtis R. & Yildirim, Huseyin, 2010. "A unified analysis of rational voting with private values and group-specific costs," Games and Economic Behavior, Elsevier, vol. 70(2), pages 457-471, November.
    33. Taylor, Curtis R. & Yildirim, Huseyin, 2010. "Public information and electoral bias," Games and Economic Behavior, Elsevier, vol. 68(1), pages 353-375, January.
    34. Fabrizio Germano & Vicenç Gómez & Francesco Sobbrio, 2022. "Crowding Out the Truth? A Simple Model of Misinformation, Polarization, and Meaningful Social Interactions," CESifo Working Paper Series 10011, CESifo.
    35. Garmann, Sebastian, 2016. "Concurrent elections and turnout: Causal estimates from a German quasi-experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 126(PA), pages 167-178.
    36. Surajeet Chakravarty & Todd R. Kaplan & Gareth Myles, 2010. "The Benefits of Costly Voting," Discussion Papers 1005, University of Exeter, Department of Economics.
    37. Sebastian Garmann, 2017. "The effect of a reduction in the opening hours of polling stations on turnout," Public Choice, Springer, vol. 171(1), pages 99-117, April.
    38. Anna Panova, 2021. "On the costly voting model: the mean rule," Annals of Operations Research, Springer, vol. 301(1), pages 183-198, June.
    39. Marco Faravelli & Priscilla Man, 2021. "Generalized majority rules: utilitarian welfare in large but finite populations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 72(1), pages 21-48, July.
    40. Bognar, Katalin & Börgers, Tilman & Meyer-ter-Vehn, Moritz, 2015. "An optimal voting procedure when voting is costly," Journal of Economic Theory, Elsevier, vol. 159(PB), pages 1056-1073.
    41. Arzumanyan, Mariam & Polborn, Mattias K., 2017. "Costly voting with multiple candidates under plurality rule," Games and Economic Behavior, Elsevier, vol. 106(C), pages 38-50.
    42. Hodler, Roland & Luechinger, Simon & Stutzer, Alois, 2012. "The effects of voting costs on the democratic process and public finances," Working papers 2012/02, Faculty of Business and Economics - University of Basel.
    43. Özgür Evren & Stefania Minardi, 2011. "Warm-Glow Giving and Freedom to be Selfish," Working Papers w0171, New Economic School (NES).
    44. Fernanda L L de Leon & Renata Rizzi, 2014. "Does Forced Voting Result in Political Polarization?," University of East Anglia Applied and Financial Economics Working Paper Series 064, School of Economics, University of East Anglia, Norwich, UK..
    45. Chakravarty, Surajeet & Kaplan, Todd R. & Myles, Gareth, 2018. "When costly voting is beneficial," Journal of Public Economics, Elsevier, vol. 167(C), pages 33-42.
    46. Mamageishvili, Akaki & Tejada, Oriol, 2023. "Large elections and interim turnout," Games and Economic Behavior, Elsevier, vol. 137(C), pages 175-210.
    47. Marco Faravelli & Priscilla Man & Randall Walsh, 2012. "Mandate and Paternalism: A Theory of Large Elections," Discussion Papers Series 474, School of Economics, University of Queensland, Australia.
    48. Melis Kartal, 2015. "Laboratory elections with endogenous turnout: proportional representation versus majoritarian rule," Experimental Economics, Springer;Economic Science Association, vol. 18(3), pages 366-384, September.
    49. Dmitriy Vorobyev, 2020. "Information Disclosure in Elections with Sequential Costly Participation," Working Papers 388, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
    50. Stefan Krasa & Mattias Polborn, 2014. "Policy Divergence and Voter Polarization in a Structural Model of Elections," Journal of Law and Economics, University of Chicago Press, vol. 57(1), pages 31-76.
    51. Alberto Grillo, 2017. "Risk aversion and bandwagon effect in the pivotal voter model," Public Choice, Springer, vol. 172(3), pages 465-482, September.
    52. Justin Mattias Valasek, 2012. "Get Out The Vote: How Encouraging Voting Changes Political Outcomes," Economics and Politics, Wiley Blackwell, vol. 24(3), pages 346-373, November.
    53. Soeren C. Schwuchow & George Tridimas, 2022. "The political economy of Solon’s law against neutrality in civil wars," Public Choice, Springer, vol. 192(3), pages 249-272, September.
    54. Kemal Kıvanç Aköz & Alexei Zakharov, 2023. "Electoral turnout with divided opposition," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 60(3), pages 439-475, April.
    55. Helios Herrera & Massimo Morelli & Salvatore Nunnari, 2014. "Turnout Across Democracies," NBER Working Papers 20451, National Bureau of Economic Research, Inc.
    56. Andrés A. Acuna-Duarte, 2017. "Electoral apathy among Chilean youth: New evidence for the voter registration dilemma," Estudios Gerenciales, Universidad Icesi, vol. 33(145), pages 341-351, November.
    57. Acuña, Andrés, 2014. "Margin of victory vs. opportunity-cost of time as voting motivators in the Biobio Region," MPRA Paper 52848, University Library of Munich, Germany.
    58. Gersbach, Hans & Mamageishvili, Akaki & Tejada, Oriol, 2019. "The Effect of Handicaps on Turnout for Large Electorates: An Application to Assessment Voting," CEPR Discussion Papers 13921, C.E.P.R. Discussion Papers.
    59. Bognar, Katalin & Börgers, Tilman & Meyer-ter-Vehn, Moritz, 2010. "An optimal Voting System when Voting is costly," MPRA Paper 29123, University Library of Munich, Germany.
    60. Fernanda Leite Lopez Leon & Renata Rizzi, 2016. "Does forced voting result in political polarization?," Public Choice, Springer, vol. 166(1), pages 143-160, January.
    61. Gersbach, Hans & Mamageishvili, Akaki & Tejada, Oriol, 2021. "The effect of handicaps on turnout for large electorates with an application to assessment voting," Journal of Economic Theory, Elsevier, vol. 195(C).
    62. Curtis R. Taylor & Huseyin Yildirim, 2006. "An Analysis of Rational Voting with Private Values and Cost Uncertainty," Levine's Bibliography 321307000000000060, UCLA Department of Economics.
    63. Krishna, Vijay & Morgan, John, 2012. "Voluntary voting: Costs and benefits," Journal of Economic Theory, Elsevier, vol. 147(6), pages 2083-2123.

  11. Neus Herranz & Stefan Krasa & Anne Villamil, 2009. "Small firms in the SSBF," Annals of Finance, Springer, vol. 5(3), pages 341-359, June.

    Cited by:

    1. Mariacristina De Nardi & Anne Villamil, 2009. "Entrepreneurship, finance and employment," Annals of Finance, Springer, vol. 5(3), pages 289-293, June.
    2. Jeffrey R. Campbell & Mariacristina De Nardi, 2007. "A conversation with 590 nascent entrepreneurs," Working Paper Series WP-07-20, Federal Reserve Bank of Chicago.
    3. Vinicius Carrasco & João Mello, 2010. "Repeated lending under contractual incompleteness," Annals of Finance, Springer, vol. 6(1), pages 51-82, January.
    4. Ahmet Akyol & Kartik Athreya, 2009. "Self-employment rates and business size: the roles of occupational choice and credit market frictions," Annals of Finance, Springer, vol. 5(3), pages 495-519, June.

  12. Stefan Krasa & Tridib Sharma & Anne Villamil, 2008. "Bankruptcy and firm finance," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(2), pages 239-266, August.

    Cited by:

    1. Hans Hvide & Tore Leite, 2010. "Optimal debt contracts under costly enforcement," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(1), pages 149-165, July.
    2. Jorge Alonso-Ortiz & Esteban Colla & José-María Da-Rocha, 2017. "The productivity cost of sovereign default: evidence from the European debt crisis," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(4), pages 611-633, December.
    3. David M. Arseneau & David E. Rappoport & Alexandros Vardoulakis, 2015. "Secondary Market Liquidity and the Optimal Capital Structure," Finance and Economics Discussion Series 2015-31, Board of Governors of the Federal Reserve System (U.S.).
    4. Antunes, António & Cavalcanti, Tiago & Villamil, Anne, 2008. "The effect of financial repression and enforcement on entrepreneurship and economic development," Journal of Monetary Economics, Elsevier, vol. 55(2), pages 278-297, March.
    5. Latchezar Popov, 2014. "Enforcement frictions and optimal lending contracts," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 57(1), pages 195-222, September.
    6. Antunes, Antonio R. & Cavalcanti, Tiago V. de V., 2007. "Start up costs, limited enforcement, and the hidden economy," European Economic Review, Elsevier, vol. 51(1), pages 203-224, January.
    7. Cesar Tamayo, 2015. "Investor protection and optimal contracts under risk aversion and costly state verification," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 59(3), pages 547-577, August.
    8. Houari, Oussama, 2022. "Uncertainty shocks and business cycles in the US: New insights from the last three decades," Economic Modelling, Elsevier, vol. 109(C).
    9. Neus Herranz, & Stefan Krasa, & Anne P. Villamil, 2013. "Entrepreneurs, Risk Aversion and Dynamic Firms," Centre for Growth and Business Cycle Research Discussion Paper Series 189, Economics, The University of Manchester.
    10. Zhixiong Zeng, 2013. "A theory of the non-neutrality of money with banking frictions and bank recapitalization," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(2), pages 729-754, March.
    11. M. Peiris & Alexandros Vardoulakis, 2015. "Collateral and the efficiency of monetary policy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 59(3), pages 579-603, August.
    12. Gabriel Madeira, 2014. "Legal enforcement, default and heterogeneity of project-financing contracts," Annals of Finance, Springer, vol. 10(4), pages 569-602, November.
    13. Weerachart Kilenthong, 2011. "Collateral premia and risk sharing under limited commitment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 46(3), pages 475-501, April.
    14. Josef Schosser & Jochen Wilhelm, 2018. "Costly state verification and truthtelling: a note on the theory of debt contracts," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(2), pages 129-139, October.
    15. Ahmet Akyol & Kartik B. Athreya, 2009. "Credit and self-employment," Working Paper 09-05, Federal Reserve Bank of Richmond.
    16. Gaetano Antinolfi, 2012. "Costly Monitoring, Dynamic Incentives, and Default," 2012 Meeting Papers 892, Society for Economic Dynamics.
    17. Karel Janda, 2007. "Optimal Debt Contracts in Emerging Markets with Multiple Investors," Prague Economic Papers, Prague University of Economics and Business, vol. 2007(2), pages 115-129.
    18. Nabi, Mahmoud Sami, 2015. "Equity-financing, income inequality and capital accumulation," Economic Modelling, Elsevier, vol. 46(C), pages 322-333.
    19. Kartik Athreya & Ahmet Akyol, 2007. "Unsecured Credit and Self-Employment," 2007 Meeting Papers 49, Society for Economic Dynamics.
    20. Neus Herranz & Stefan Krasa & Anne P. Villamil, 2009. "Entrepreneurs, Legal Institutions and Firm Dynamics," Centre for Growth and Business Cycle Research Discussion Paper Series 128, Economics, The University of Manchester.
    21. Mahmoud Nabi & Taoufik Rajhi, 2013. "Banking, contract enforcement and economic growth," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 60(1), pages 83-100, March.
    22. Igor Livshits, 2015. "Recent Developments In Consumer Credit And Default Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 594-613, September.
    23. Nabi, Mahmoud Sami & Suliman, Mohamed Osman, 2011. "Credit rationing, interest rates and capital accumulation," Economic Modelling, Elsevier, vol. 28(6), pages 2719-2729.
    24. José-María Da-Rocha & Eduardo-Luis Giménez & Francisco-Xavier Lores, 2013. "Self-fulfilling crises with default and devaluation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 53(3), pages 499-535, August.
    25. Antonio Antunes & Tiago Cavalcanti & Anne Villamil, 2006. "The Effect of Financial Repression & Enforcement on Entrepreneurship and Economic Development," Development Economics Working Papers 21816, East Asian Bureau of Economic Research.

  13. Bernhardt, Dan & Krasa, Stefan & Polborn, Mattias, 2008. "Political polarization and the electoral effects of media bias," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 1092-1104, June.
    See citations under working paper version above.
  14. Krasa, Stefan & Williams, Steven R., 2007. "Limited observability as a constraint in contract design," Journal of Economic Theory, Elsevier, vol. 134(1), pages 379-404, May.

    Cited by:

    1. Pierpaolo Battigalli & Giovanni Maggi, 2008. "Costly contracting in a long‐term relationship," RAND Journal of Economics, RAND Corporation, vol. 39(2), pages 352-377, June.

  15. Krasa, Stefan & Sharma, Tridib & Villamil, Anne P., 2005. "Debt contracts and cooperative improvements," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 857-874, November.

    Cited by:

    1. António R. Antunes & Tiago V. de V. Cavalcanti, 2006. "Computing General Equilibrium Models with Occupational Choice and Financial Frictions," Working Papers w200615, Banco de Portugal, Economics and Research Department.
    2. Diemo Dietrich & Achim Hauck, 2020. "Interbank borrowing and lending between financially constrained banks," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(2), pages 347-385, September.
    3. Josef Schosser & Jochen Wilhelm, 2018. "Costly state verification and truthtelling: a note on the theory of debt contracts," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(2), pages 129-139, October.
    4. Stefan Krasa & Tridib Sharma & Anne Villamil, 2008. "Bankruptcy and firm finance," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(2), pages 239-266, August.

  16. Stefan Krasa & Anne P. Villamil, 2003. "Optimal Contracts when Enforcement is a Decision Variable: A Reply," Econometrica, Econometric Society, vol. 71(1), pages 391-393, January.

    Cited by:

    1. David Martimort & Aggey Semenov & Lars Stole, 2013. "A Theory of Contracts with Limited Enforcement," Working Papers E1304E, University of Ottawa, Department of Economics.
    2. Latchezar Popov, 2014. "Enforcement frictions and optimal lending contracts," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 57(1), pages 195-222, September.
    3. Anne Villamil & Stefan Krasa & Tridib Sharma, 2004. "Enforcement and Firm Finance," 2004 Meeting Papers 868, Society for Economic Dynamics.
    4. Villamil, Anne P., 2003. "Introduction to capital accumulation and allocation in economic growth," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(4), pages 583-591.
    5. ATTAR, Andrea & CAMPIONI, Eloisa, 2003. "Costly state verification and debt contracts: a critical resume," LIDAM Reprints CORE 1712, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    6. Karel Janda, 2007. "Optimal Debt Contracts in Emerging Markets with Multiple Investors," Prague Economic Papers, Prague University of Economics and Business, vol. 2007(2), pages 115-129.
    7. Neus Herranz & Stefan Krasa & Anne P. Villamil, 2009. "Entrepreneurs, Legal Institutions and Firm Dynamics," Centre for Growth and Business Cycle Research Discussion Paper Series 128, Economics, The University of Manchester.
    8. Gaia Garino & Peter Simmons, 2006. "Costly State Verification with Varying Risk Preferences and Liability," Journal of Economic Surveys, Wiley Blackwell, vol. 20(1), pages 71-110, February.

  17. Krasa, Stefan & Temimi, Akram & Yannelis, Nicholas C., 2003. "Coalition structure values in differential information economies: is unity a strength?," Journal of Mathematical Economics, Elsevier, vol. 39(1-2), pages 51-62, February.

    Cited by:

    1. Bergantinos, G. & Casas-Mendez, B. & Fiestras-Janeiro, M.G. & Vidal-Puga, J.J., 2007. "A solution for bargaining problems with coalition structure," Mathematical Social Sciences, Elsevier, vol. 54(1), pages 35-58, July.
    2. María Gómez-Rúa & Juan Vidal-Puga, 2014. "Bargaining and membership," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 22(2), pages 800-814, July.
    3. Maria Gabriella Graziano & Claudia Meo & Nicholas C. Yannelis, 2020. "Shapley and Scarf housing markets with consumption externalities," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(5), pages 1481-1514, September.
    4. Yoo, Seung Han, 2013. "An alternative proof for the existence of Radner equilibria," Mathematical Social Sciences, Elsevier, vol. 66(1), pages 87-90.
    5. Juan Vidal-Puga, 2005. "The Harsanyi paradox and the 'right to talk' in bargaining among coalitions," Game Theory and Information 0501005, University Library of Munich, Germany.
    6. Francesca Centrone & Claudia Meo, 2008. "Value allocations in economies with coalition structure," Economics Bulletin, AccessEcon, vol. 3(49), pages 1-8.
    7. Centrone, F. & Meo, C., 2008. "Coalition formation in games without side payments," Mathematical Social Sciences, Elsevier, vol. 56(3), pages 314-320, November.
    8. Gustavo Bergantiños & Balbina Casas- Méndez & Gloria Fiestras- Janeiro & Juan Vidal-Puga, 2005. "A Focal-Point Solution for Bargaining Problems with Coalition Structure," Game Theory and Information 0511006, University Library of Munich, Germany.

  18. Krasa, Stefan & Shafer, Wayne, 2001. "Informational Robustness of Competitive Equilibria," Journal of Economic Theory, Elsevier, vol. 101(2), pages 494-518, December.

    Cited by:

    1. Sun, Xiang & Sun, Yeneng & Wu, Lei & Yannelis, Nicholas C., 2017. "Equilibria and incentives in private information economies," Journal of Economic Theory, Elsevier, vol. 169(C), pages 474-488.
    2. Sun, Yeneng & Yannelis, Nicholas C., 2007. "Perfect competition in asymmetric information economies: compatibility of efficiency and incentives," Journal of Economic Theory, Elsevier, vol. 134(1), pages 175-194, May.

  19. Stefan Krasa & Wayne Shafer, 2001. "Core concepts in economies where information is almost complete," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 18(2), pages 451-471.

    Cited by:

    1. Bahceci, Serkan, 2003. "The incentive compatible coarse core when information is almost complete," Journal of Mathematical Economics, Elsevier, vol. 39(1-2), pages 127-134, February.
    2. McLean, Richard P. & Postlewaite, Andrew, 2003. "Informational size, incentive compatibility, and the core of a game with incomplete information," Games and Economic Behavior, Elsevier, vol. 45(1), pages 222-241, October.
    3. Ezra Einy & Ori Haimanko & Diego Moreno & Benyamin Shitovitz, 2005. "On the continuity of equilibrium and core correspondences in economies with differential information," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(4), pages 793-812, November.
    4. Forges, Francoise & Minelli, Enrico & Vohra, Rajiv, 2002. "Incentives and the core of an exchange economy: a survey," Journal of Mathematical Economics, Elsevier, vol. 38(1-2), pages 1-41, September.
    5. Sun, Yeneng & Yannelis, Nicholas C., 2007. "Core, equilibria and incentives in large asymmetric information economies," Games and Economic Behavior, Elsevier, vol. 61(1), pages 131-155, October.

  20. Stefan Krasa & Anne P. Villamil, 2000. "Optimal Contracts when Enforcement Is a Decision Variable," Econometrica, Econometric Society, vol. 68(1), pages 119-134, January.

    Cited by:

    1. Matthias Lang, 2014. "Communicating Subjective Evaluations," CESifo Working Paper Series 4830, CESifo.
    2. Hans Hvide & Tore Leite, 2010. "Optimal debt contracts under costly enforcement," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(1), pages 149-165, July.
    3. W. Bentley MacLeod, 2007. "Reputations, Relationships, and Contract Enforcement," Journal of Economic Literature, American Economic Association, vol. 45(3), pages 595-628, September.
    4. Daniel J. Clarke, 2011. "Reinsuring the Poor: Group Microinsurance Design and Costly State Verification," Economics Series Working Papers 573, University of Oxford, Department of Economics.
    5. R. de O. Cavalcanti & P. K. Monteiro, 2016. "Enriching information to prevent bank runs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 62(3), pages 477-494, August.
    6. Manuel Willington & Roy Costilla, 2007. "Endogenous Verifiability and Optimality in Agency: A non-contingent approach," ILADES-UAH Working Papers inv189, Universidad Alberto Hurtado/School of Economics and Business.
    7. David M. Arseneau & David E. Rappoport & Alexandros Vardoulakis, 2015. "Secondary Market Liquidity and the Optimal Capital Structure," Finance and Economics Discussion Series 2015-31, Board of Governors of the Federal Reserve System (U.S.).
    8. M. Martin Boyer & Richard Peter, 2020. "Insurance Fraud in a Rothschild–Stiglitz World," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 87(1), pages 117-142, March.
    9. Jean-Marc Bourgeon & Pierre Picard, 2012. "Fraudulent Claims and Nitpicky Insurers," Working Papers hal-00675106, HAL.
    10. Tarun Sabarwal, 2005. "The non-neutrality of debt in investment timing: a new NPV rule," Annals of Finance, Springer, vol. 1(4), pages 433-445, October.
    11. Alberto Bisin & Piero Gottardi & Adriano A. Rampini, 2004. "Managerial Hedging and Portfolio Monitoring," CESifo Working Paper Series 1322, CESifo.
    12. David Martimort & Aggey Semenov & Lars Stole, 2013. "A Theory of Contracts with Limited Enforcement," Working Papers E1304E, University of Ottawa, Department of Economics.
    13. Elizabeth Asiedu & Yi Jin & Anne Villamil, 2006. "Do lack of transparency and enforcement undermine international risk-sharing?," Annals of Finance, Springer, vol. 2(2), pages 123-140, March.
    14. Antunes, António & Cavalcanti, Tiago & Villamil, Anne, 2008. "The effect of financial repression and enforcement on entrepreneurship and economic development," Journal of Monetary Economics, Elsevier, vol. 55(2), pages 278-297, March.
    15. Kvaløy, Ola & Olsen, Trond E., 2004. "Endogenous Verifiability in Relational Contracting," Discussion Papers 2004/20, Norwegian School of Economics, Department of Business and Management Science.
    16. Alfred Duncan & Charles Nolan, 2017. "Disputes, Debt and Equity," Studies in Economics 1716, School of Economics, University of Kent.
    17. Gabriele Camera & Marco Casari, 2009. "Cooperation among Strangers under the Shadow of the Future," American Economic Review, American Economic Association, vol. 99(3), pages 979-1005, June.
    18. Latchezar Popov, 2014. "Enforcement frictions and optimal lending contracts," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 57(1), pages 195-222, September.
    19. Alessandro Fedele & Andrea Mantovani & Francesco Liucci, 2010. "Credit Availability in the crisis: which role for the European Investment Bank Group?," Working Papers 1005, University of Brescia, Department of Economics.
    20. Anne Villamil & Stefan Krasa & Tridib Sharma, 2004. "Enforcement and Firm Finance," 2004 Meeting Papers 868, Society for Economic Dynamics.
    21. Thorsten V. Koeppl, 2005. "Optimal Dynamic Risk Sharing When Enforcement Is A Decision Variable," Working Paper 1050, Economics Department, Queen's University.
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    26. G. Camera & M. Casari, 2011. "The coordination value of monetary exchange: Experimental evidence," Working Papers wp754, Dipartimento Scienze Economiche, Universita' di Bologna.
    27. Koufopoulos, Kostos & Kozhan, Roman & Trigilia, Giulio, 2014. "Optimal Security Design under Asymmetric Information and Profit Manipulation," The Warwick Economics Research Paper Series (TWERPS) 1050, University of Warwick, Department of Economics.
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    31. Zhixiong Zeng, 2007. "The price of size and financial market allocations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 30(1), pages 21-48, January.
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    36. Peter Simmons, "undated". "Mixed Strategies in Simultaneous and Sequential Play of a 2 Player Game," Discussion Papers 03/07, Department of Economics, University of York.
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    41. Annamaria Menichini & Peter Simmons, 2008. "Sorting the Good Guys from Bad: On the Optimality of Deterministic Audit with Ex-Ante Information Acquisition," CSEF Working Papers 201, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 27 Oct 2012.
    42. Karel Janda, 2006. "Lender and Borrower as Principal and Agent," Working Papers IES 2006/24, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2006.
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    46. Zhixiong Zeng, 2013. "A theory of the non-neutrality of money with banking frictions and bank recapitalization," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(2), pages 729-754, March.
    47. Simona Fabrizi & Steffen Lippert, 2017. "Corruption and the public display of wealth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 19(4), pages 827-840, August.
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    51. Camera, Gabriele & Gioffré, Alessandro, 2013. "Game-theoretic foundations of monetary equilibrium," SAFE Working Paper Series 32, Leibniz Institute for Financial Research SAFE.
    52. Yi Jin & Zhixiong Zeng, 2017. "Expropriation and foreign direct investment in a positive economic theory of foreign aid," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(1), pages 139-160, June.
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    54. Langberg, Nisan, 2008. "Optimal financing for growth firms," Journal of Financial Intermediation, Elsevier, vol. 17(3), pages 379-406, July.
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    57. Willem H. Buiter & Ebrahim Rahbari, 2015. "Why Economists (and Economies) Should Love Islamic Finance لماذا يجب على الاقتصاديين (والاقتصاديات) أن يحبوا التمويل الإسلامي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 28(1), pages 129-150, January.
    58. Diemo Dietrich & Achim Hauck, 2020. "Interbank borrowing and lending between financially constrained banks," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(2), pages 347-385, September.
    59. Josef Schosser & Jochen Wilhelm, 2018. "Costly state verification and truthtelling: a note on the theory of debt contracts," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(2), pages 129-139, October.
    60. Villamil, Anne P., 2003. "Introduction to capital accumulation and allocation in economic growth," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(4), pages 583-591.
    61. Valencia, Fabián, 2017. "Aggregate uncertainty and the supply of credit," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 150-165.
    62. M. Boyer & Patrick González, 2004. "Optimal audit policies with correlated types," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 24(2), pages 325-334, August.
    63. Gabriele Camera & Marco Casari, 2007. "Cooperation among strangers: an experiment with indefinite interaction," Purdue University Economics Working Papers 1201, Purdue University, Department of Economics.
    64. ATTAR, Andrea & CAMPIONI, Eloisa, 2003. "Costly state verification and debt contracts: a critical resume," LIDAM Reprints CORE 1712, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    65. Mr. Fabian Valencia, 2011. "Monetary Policy, Bank Leverage, and Financial Stability," IMF Working Papers 2011/244, International Monetary Fund.
    66. Gaetano Antinolfi, 2012. "Costly Monitoring, Dynamic Incentives, and Default," 2012 Meeting Papers 892, Society for Economic Dynamics.
    67. Jin, Yi & Zeng, Zhixiong, 2016. "Risk, risk aversion, and a finance-augmented neoclassical economic model of production," International Journal of Production Economics, Elsevier, vol. 176(C), pages 82-91.
    68. Daouda DIAKITe, 2008. "ReGULATION ET DeVELOPPEMENT : UNE ANALYSE THeORIQUE À PARTIR DE L’ENFORCEMENT ET LA SePARATION DES POUVOIRS," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 28, pages 181-206.
    69. Karel Janda, 2007. "Optimal Debt Contracts in Emerging Markets with Multiple Investors," Prague Economic Papers, Prague University of Economics and Business, vol. 2007(2), pages 115-129.
    70. Allen N. Berger & Marco A. Espinosa-Vega & W. Scott Frame & Nathan H. Miller, 2007. "Why do borrowers pledge collateral? new empirical evidence on the role of asymmetric information," FRB Atlanta Working Paper 2006-29, Federal Reserve Bank of Atlanta.
    71. Jeff S. Johnson & Ravipreet S. Sohi, 2016. "Understanding and resolving major contractual breaches in buyer–seller relationships: a grounded theory approach," Journal of the Academy of Marketing Science, Springer, vol. 44(2), pages 185-205, March.
    72. Cole, Harold L., 2013. "Self-enforcing stochastic monitoring and the separation of claims," Journal of Monetary Economics, Elsevier, vol. 60(6), pages 632-649.
    73. Stefan Krasa & Tridib Sharma & Anne Villamil, 2008. "Bankruptcy and firm finance," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(2), pages 239-266, August.
    74. Yi Jin & Zhixiong Zeng, 2011. "The Financial and Macroeconomic Implications of Banking Frictions and Banking Riskiness," Monash Economics Working Papers 14-11, Monash University, Department of Economics.
    75. Karel Janda, 2006. "Agency Theory Approach to the Contracting between Lender and Borrower [Smluvní vztah mezi věřitelem a dlužníkem z hlediska přístupu teorie zastoupení]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2006(3), pages 34-47.
    76. Gui, Zhengqing & von Thadden, Ernst-Ludwig & Zhao, Xiaojian, 2019. "Incentive-compatibility, limited liability and costly liquidation in financial contracting," Games and Economic Behavior, Elsevier, vol. 118(C), pages 412-433.
    77. M. Martin Boyer, 2004. "On the Use of Hierarchies to Complete Contracts when Players Have Limited Abilities," CIRANO Working Papers 2004s-41, CIRANO.
    78. Amy Cutts & Robert Order, 2004. "On the Economics of Subprime Lending," The Journal of Real Estate Finance and Economics, Springer, vol. 30(2), pages 167-196, November.
    79. Neus Herranz & Stefan Krasa & Anne P. Villamil, 2009. "Entrepreneurs, Legal Institutions and Firm Dynamics," Centre for Growth and Business Cycle Research Discussion Paper Series 128, Economics, The University of Manchester.
    80. Praveen Kumar & Nisan Langberg, 2009. "Corporate fraud and investment distortions in efficient capital markets," RAND Journal of Economics, RAND Corporation, vol. 40(1), pages 144-172, March.
    81. Gaia Garino & Peter Simmons, 2006. "Costly State Verification with Varying Risk Preferences and Liability," Journal of Economic Surveys, Wiley Blackwell, vol. 20(1), pages 71-110, February.
    82. Victor Dorofeenko & Larry Lang & Klaus Ritzberger & Jamsheed Shorish, 2008. "Who controls Allianz?," Annals of Finance, Springer, vol. 4(1), pages 75-103, January.
    83. Jin, Yi & Zeng, Zhixiong, 2014. "Banking risk and macroeconomic fluctuations," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 350-360.
    84. Krasa, Stefan & Sharma, Tridib & Villamil, Anne P., 2005. "Debt contracts and cooperative improvements," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 857-874, November.
    85. Peter J. Simmons & Nongnuch Tantisantiwong, 2022. "The Socially Optimal Loan Auditing with Multiple Projects," Discussion Papers 22/07, Department of Economics, University of York.
    86. Baglioni, Angelo & Colombo, Luca, 2011. "The effects of imperfect auditing on managerial compensation," International Review of Economics & Finance, Elsevier, vol. 20(4), pages 542-548, October.
    87. Bernhardt Dan, 2012. "Screening and Financial Contracting in the Face of Outside Competition," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 12(1), pages 1-40, May.
    88. Trigilia, Giulio, 2016. "Optimal Leverage and Strategic Disclosure," CRETA Online Discussion Paper Series 18, Centre for Research in Economic Theory and its Applications CRETA.
    89. Cavalcanti, Marco Antonio F.H., 2010. "Credit market imperfections and the power of the financial accelerator: A theoretical and empirical investigation," Journal of Macroeconomics, Elsevier, vol. 32(1), pages 118-144, March.
    90. Koufopoulos, Kostas & Kozhan, Roman & Trigilia, Giulio, 2014. "Optimal Security Design under Asymmetric Information and Profit Manipulation," Economic Research Papers 270233, University of Warwick - Department of Economics.
    91. Annamaria Menichini & Peter Simmons, 2001. "Are two investors better than one?," CSEF Working Papers 71, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    92. Igor Livshits, 2015. "Recent Developments In Consumer Credit And Default Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 594-613, September.
    93. Jorge Fernández Ruiz, 2002. "Optimal financial contracting and debt maturity structure under adverse selection," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 17(1), pages 37-65.
    94. Alfred Duncan & Charles Nolan, 2017. "Financial Frictions in Macroeconomic Models," Studies in Economics 1719, School of Economics, University of Kent.
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    97. Lukasz A. Drozd & Ricardo Serrano-Padial, 2017. "Credit Enforcement Cycles," Working Papers 17-27, Federal Reserve Bank of Philadelphia.
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    99. Antonio Antunes & Tiago Cavalcanti & Anne Villamil, 2006. "The Effect of Financial Repression & Enforcement on Entrepreneurship and Economic Development," Development Economics Working Papers 21816, East Asian Bureau of Economic Research.
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    101. Trigilia, Giulio, 2016. "Optimal Leverage and Strategic Disclosure," The Warwick Economics Research Paper Series (TWERPS) 1111, University of Warwick, Department of Economics.
    102. Wezel, Torsten, 2004. "Does co-financing by multilateral development banks increase "risky" direct investment in emerging markets?," Discussion Paper Series 1: Economic Studies 2004,02, Deutsche Bundesbank.
    103. Peter J. Simmons & Anna Maria C. Menichini, 2022. "Efficient audits by pooling independent projects: Separation vs. conglomeration," Discussion Papers 22/06, Department of Economics, University of York.
    104. Hideshi Itoh, 2023. "What do contracts do to facilitate relationships?," The Japanese Economic Review, Springer, vol. 74(3), pages 333-354, July.
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    106. Angelo Baglioni & Luca Colombo, 2009. "Managers’ Compensation And Misreporting: A Costly State Verification Approach," Economic Inquiry, Western Economic Association International, vol. 47(2), pages 278-289, April.
    107. A. Menichini & P. Simmons, "undated". "Can Liars Ever Prosper," Discussion Papers 02/10, Department of Economics, University of York.

  21. Krasa, Stefan, 1999. "Unimprovable Allocations in Economies with Incomplete Information," Journal of Economic Theory, Elsevier, vol. 87(1), pages 144-168, July.

    Cited by:

    1. Hannu Vartiainen, 2009. "Auction Design without Commitment," Discussion Papers 44, Aboa Centre for Economics.
    2. Labadie, Pamela, 2009. "Anonymity and individual risk," Journal of Economic Theory, Elsevier, vol. 144(6), pages 2440-2453, November.
    3. Neeman, Zvika & Pavlov, Gregory, 2009. "Renegotiation-Proof Mechanism Design," Foerder Institute for Economic Research Working Papers 275726, Tel-Aviv University > Foerder Institute for Economic Research.
    4. Pamela Labadie, 2008. "Retrading in Competitive Equilibria with Adverse Selection," 2008 Meeting Papers 838, Society for Economic Dynamics.
    5. Gretschko, Vitali & Wambach, Achim, 2017. "Contract (re-)negotiation with private and common values," ZEW Discussion Papers 17-056, ZEW - Leibniz Centre for European Economic Research.
    6. Gretschko, Vitali & Wambach, Achim, 2015. "Common Values and the Coase Conjecture: Inefficiencies in Frictionless Contract (Re-)Negotiation," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113064, Verein für Socialpolitik / German Economic Association.
    7. Neeman, Zvika & Pavlov, Gregory, 2013. "Ex post renegotiation-proof mechanism design," Journal of Economic Theory, Elsevier, vol. 148(2), pages 473-501.

  22. Mark Huggett & Stefan Krasa, 1996. "Money and storage in a differential information economy (*)," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 8(2), pages 191-209.

    Cited by:

    1. Neil Wallace, 1997. "Absence-of-double-coincidence models of money: a progress report," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 21(Win), pages 2-20.
    2. Richard Dutu & Benoit Julien & Ian King, 2012. "On the Welfare Gains of Price Dispersion," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(5), pages 757-786, August.
    3. Guilherme Carmona, 2021. "On the optimality of monetary trading," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 1121-1160, April.
    4. Boel, Paola & Camera, Gabriele, 2006. "Efficient monetary allocations and the illiquidity of bonds," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1693-1715, October.
    5. David C. Mills, Jr, 2004. "Mechanism Design and the Role of Enforcement in Freeman's Model of Payments," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 7(1), pages 219-236, january.
    6. G. Camera & M. Casari, 2011. "The coordination value of monetary exchange: Experimental evidence," Working Papers wp754, Dipartimento Scienze Economiche, Universita' di Bologna.
    7. Rocheteau, Guillaume, 2011. "Payments and liquidity under adverse selection," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 191-205.
    8. Ricardo de O. Cavalcanti & Neil Wallace, 1999. "A model of private bank-note issue," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(1), pages 104-136, January.
    9. Aliprantis, C.D. & Camera, Gabriele & Puzzello, D., 2005. "Anonymous Markets and Monetary Trading," Purdue University Economics Working Papers 1179, Purdue University, Department of Economics.
    10. Camera, Gabriele & Vesely, Filip, 2007. "Trading horizons and the value of money," European Economic Review, Elsevier, vol. 51(7), pages 1751-1767, October.
    11. Kocherlakota, Narayana & Wallace, Neil, 1998. "Incomplete Record-Keeping and Optimal Payment Arrangements," Journal of Economic Theory, Elsevier, vol. 81(2), pages 272-289, August.
    12. de O. Cavalcanti, Ricardo & Puzzello, Daniela, 2009. "Stationarity without Degeneracy in a Model of Commodity Money," MPRA Paper 17125, University Library of Munich, Germany.
    13. Narayana R. Kocherlakota, 2000. "Societal benefits of nominal bonds," Staff Report 275, Federal Reserve Bank of Minneapolis.
    14. Maria Bigoni & Gabriele Camera & Marco Casari, 2019. "Cooperation among strangers with and without a monetary system," Working Papers 19-01, Chapman University, Economic Science Institute.
    15. Camera, Gabriele & Gioffré, Alessandro, 2013. "Game-theoretic foundations of monetary equilibrium," SAFE Working Paper Series 32, Leibniz Institute for Financial Research SAFE.
    16. Aliprantis, C. D. & Camera, G. & Puzzelo, D., 2004. "A Random Matching Theory," Purdue University Economics Working Papers 1168, Purdue University, Department of Economics.
    17. Narayana R. Kocherlakota, 1996. "Money is memory," Staff Report 218, Federal Reserve Bank of Minneapolis.
    18. Narayana Kocherlakota, 2003. "Societal Benefits of Illiquid Bonds," Levine's Working Paper Archive 506439000000000300, David K. Levine.
    19. Narayana R. Kocherlakota & Neil Wallace, 1997. "Optimal allocations with incomplete record-keeping and no commitment," Working Papers 578, Federal Reserve Bank of Minneapolis.
    20. Wallace, Neil, 2000. "A model of the liquidity structure based on asset indivisibility," Journal of Monetary Economics, Elsevier, vol. 45(1), pages 55-68, February.
    21. Charalambos Aliprantis & Gabriele Camera & Daniela Puzzello, 2006. "Matching and anonymity," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(2), pages 415-432, October.

  23. Krasa, Stefan & Yannelis, Nicholas C., 1996. "Existence and properties of a value allocation for an economy with differential information," Journal of Mathematical Economics, Elsevier, vol. 25(2), pages 165-179.

    Cited by:

    1. Angelos Angelopoulos, 2014. "Maximin Value Allocation with a Non-Finite Set of States," Economics Discussion Paper Series 1406, Economics, The University of Manchester.
    2. Krasa, Stefan & Temimi, Akram & Yannelis, Nicholas C., 2003. "Coalition structure values in differential information economies: is unity a strength?," Journal of Mathematical Economics, Elsevier, vol. 39(1-2), pages 51-62, February.
    3. Angelos Angelopoulos & Leonidas Koutsougeras, 2015. "Value allocation under ambiguity," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 59(1), pages 147-167, May.
    4. Koutsougeras, Leonidas & Yannelis, Nicholas C., 1999. "Bounded rational learning in differential information economies: core and value," Journal of Mathematical Economics, Elsevier, vol. 31(3), pages 373-391, April.
    5. Krasa, Stefan & Sharma, Tridib & Villamil, Anne P., 2005. "Debt contracts and cooperative improvements," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 857-874, November.
    6. Angelos Angelopoulos, 2014. "Maximin Value Allocation with a Continuum of States," Economics Discussion Paper Series 1407, Economics, The University of Manchester.

  24. Krasa, Stefan & Yannelis, Nicholas C, 1994. "An Elementary Proof of the Knaster-Kuratowski-Mazurkiewicz-Shapley Theorem," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(3), pages 467-471, May.

    Cited by:

    1. Alan Beggs, 2021. "Afriat and arbitrage," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(2), pages 167-176, October.
    2. Liu, Jiuqiang & Tian, Hai-Yan, 2014. "Existence of fuzzy cores and generalizations of the K–K–M–S theorem," Journal of Mathematical Economics, Elsevier, vol. 52(C), pages 148-152.
    3. Jean Guillaume Forand & Metin Uyanık, 2019. "Fixed-point approaches to the proof of the Bondareva–Shapley Theorem," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(1), pages 117-124, May.
    4. Herings, P.J.J. & Talman, A.J.J., 1994. "Intersection theorems with a continuum of intersection points," Discussion Paper 1994-79, Tilburg University, Center for Economic Research.

  25. Krasa, Stefan & Villamil, Anne P, 1994. "Optimal Multilateral Contracts," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(2), pages 167-187, March.

    Cited by:

    1. Dubra, Juan & Caffera, Marcelo & Figueroa, Nicolás, 2016. "Mechanism Design when players' Preferences and information coincide," MPRA Paper 75721, University Library of Munich, Germany.
    2. Hans Hvide & Tore Leite, 2010. "Optimal debt contracts under costly enforcement," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(1), pages 149-165, July.
    3. Christopher Phelan & Marco Bassetto, 2005. "Tax Riots," 2005 Meeting Papers 433, Society for Economic Dynamics.
    4. João Correia da Silva, 2014. "Two-period economies with price-contingent deliveries," FEP Working Papers 529, Universidade do Porto, Faculdade de Economia do Porto.
    5. Elizabeth Asiedu & Yi Jin & Anne Villamil, 2006. "Do lack of transparency and enforcement undermine international risk-sharing?," Annals of Finance, Springer, vol. 2(2), pages 123-140, March.
    6. Anne Villamil & Stefan Krasa & Tridib Sharma, 2004. "Enforcement and Firm Finance," 2004 Meeting Papers 868, Society for Economic Dynamics.
    7. Tan, Liang, 2013. "Creditor control rights, state of nature verification, and financial reporting conservatism," Journal of Accounting and Economics, Elsevier, vol. 55(1), pages 1-22.
    8. Annamaria Menichini & Peter Simmons, 2008. "Sorting the Good Guys from Bad: On the Optimality of Deterministic Audit with Ex-Ante Information Acquisition," CSEF Working Papers 201, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 27 Oct 2012.
    9. Waly Wane, 2002. "Income Taxation and Tax Evasion in a Finite Economy," Annals of Economics and Finance, Society for AEF, vol. 3(2), pages 407-431, November.
    10. Bénédicte Coestier & Nathalie Fombaron, 2003. "L'audit en assurance," THEMA Working Papers 2003-41, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    11. Zhixiong Zeng, 2013. "A theory of the non-neutrality of money with banking frictions and bank recapitalization," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(2), pages 729-754, March.
    12. Diemo Dietrich & Achim Hauck, 2020. "Interbank borrowing and lending between financially constrained banks," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(2), pages 347-385, September.
    13. Josef Schosser & Jochen Wilhelm, 2018. "Costly state verification and truthtelling: a note on the theory of debt contracts," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(2), pages 129-139, October.
    14. Villamil, Anne P., 2003. "Introduction to capital accumulation and allocation in economic growth," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(4), pages 583-591.
    15. M. Martin Boyer, 2004. "On the Use of Hierarchies to Complete Contracts when Players Have Limited Abilities," CIRANO Working Papers 2004s-41, CIRANO.
    16. Andrew Winton, 1996. "Monitored finance, liquidity, and institutional investment choice," Working Papers (Old Series) 9616, Federal Reserve Bank of Cleveland.
    17. Diogo Baerlocher, 2022. "Public employment and economic growth," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 73(1), pages 211-236, February.
    18. Podczeck, Konrad & Yannelis, Nicholas C., 2008. "Equilibrium theory with asymmetric information and with infinitely many commodities," Journal of Economic Theory, Elsevier, vol. 141(1), pages 152-183, July.
    19. Antinolfi, Gaetano & Kawamura, Enrique, 2008. "Banks and markets in a monetary economy," Journal of Monetary Economics, Elsevier, vol. 55(2), pages 321-334, March.
    20. Miles Gietzmann & Adam Ostaszewski, 2014. "Multi-firm voluntary disclosures for correlated operations," Annals of Finance, Springer, vol. 10(1), pages 1-45, February.
    21. Angelo Baglioni & Luca Colombo, 2009. "Managers’ Compensation And Misreporting: A Costly State Verification Approach," Economic Inquiry, Western Economic Association International, vol. 47(2), pages 278-289, April.
    22. Stanley D. Longhofer, 1994. "Bankruptcy rules and debt contracting: on the relative efficiency of absolute priority, proportionate priority, and first-come, first-served rules," Working Papers (Old Series) 9415, Federal Reserve Bank of Cleveland.

  26. Krasa, Stefan & Yannelis, Nicholas C, 1994. "The Value Allocation of an Economy with Differential Information," Econometrica, Econometric Society, vol. 62(4), pages 881-900, July.

    Cited by:

    1. Angelos Angelopoulos, 2014. "Maximin Value Allocation with a Non-Finite Set of States," Economics Discussion Paper Series 1406, Economics, The University of Manchester.
    2. Krasa, Stefan & Temimi, Akram & Yannelis, Nicholas C., 2003. "Coalition structure values in differential information economies: is unity a strength?," Journal of Mathematical Economics, Elsevier, vol. 39(1-2), pages 51-62, February.
    3. Einy, Ezra & Shitovitz, Benyamin, 2001. "Private Value Allocations in Large Economies with Differential Information," Games and Economic Behavior, Elsevier, vol. 34(2), pages 287-311, February.
    4. Luciano I. de Castro & Marialaura Pesce & Nicholas C. Yannelis, 2013. "A New Perspective on Rational Expectations," Economics Discussion Paper Series 1316, Economics, The University of Manchester.
    5. Ulrich Schwalbe, 1999. "The core of an exchange economy with asymmetric information," Journal of Economics, Springer, vol. 70(2), pages 155-185, June.
    6. Emma Moreno-García & Juan Pablo Torres-Martínez, 2017. "Information within coalitions: risk and ambiguity," Working Papers wp438, University of Chile, Department of Economics.
    7. Sun, Xiang & Sun, Yeneng & Wu, Lei & Yannelis, Nicholas C., 2017. "Equilibria and incentives in private information economies," Journal of Economic Theory, Elsevier, vol. 169(C), pages 474-488.
    8. de Clippel, Geoffroy, 2005. "Values for cooperative games with incomplete information: An eloquent example," Games and Economic Behavior, Elsevier, vol. 53(1), pages 73-82, October.
    9. Beth Allen, 1996. "Cooperative theory with incomplete information," Staff Report 225, Federal Reserve Bank of Minneapolis.
    10. De Castro, Luciano & Yannelis, Nicholas C., 2018. "Uncertainty, efficiency and incentive compatibility: Ambiguity solves the conflict between efficiency and incentive compatibility," Journal of Economic Theory, Elsevier, vol. 177(C), pages 678-707.
    11. Marialaura Pesce & Peter Cramton & Nicholas C. Yannelis, 2010. "A new perspective to rational expectations: maximin rational expectations equilibrium," Discussion Papers 1528, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    12. Wei He & Nicholas C. Yannelis, 2013. "A New Perspective on Rational Expectations," Economics Discussion Paper Series 1317, Economics, The University of Manchester.
    13. Einy, Ezra & Moreno, Diego & Shitovitz, Benyamin, 1999. "The bargaining set of a large economy with differential information," UC3M Working papers. Economics 6120, Universidad Carlos III de Madrid. Departamento de Economía.
    14. Pesce, Marialaura & Yannelis, Nicholas C., 2010. "Learning and stability of the Bayesian-Walrasian equilibrium," Journal of Mathematical Economics, Elsevier, vol. 46(5), pages 762-774, September.
    15. Luciano De Castro & Nicholas C. Yannelis, 2011. "Ambiguity aversion solves the conflict between efficiency and incentive compatibility," Economics Discussion Paper Series 1106, Economics, The University of Manchester.
    16. He, Wei & Yannelis, Nicholas C., 2015. "Equilibrium theory under ambiguity," Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 86-95.
    17. Einy, Ezra & Moreno, Diego & Shitovitz, Benyamin, 1998. "Existence and equivalence of competitive and core allocations in large exchange economies with differential information," UC3M Working papers. Economics 6078, Universidad Carlos III de Madrid. Departamento de Economía.
    18. Martins-da-Rocha, Victor Filipe & Angeloni, Laura, 2008. "Large economies with differential information but without free disposal," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 671, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    19. Stefan Krasa & Nicholas C. Yannelis, 2005. "Existence and properties of a value allocation for an economy with differential information," Studies in Economic Theory, in: Dionysius Glycopantis & Nicholas C. Yannelis (ed.), Differential Information Economies, pages 527-540, Springer.
    20. Ulrich Schwalbe, 2003. "The Core of a Production Economy with Asymmetric Information," Metroeconomica, Wiley Blackwell, vol. 54(4), pages 385-403, November.
    21. Roland Pongou & Jean-Baptiste Tondji, 2016. "Valuing Inputs Under Supply Uncertainty: The Bayesian Shapley Value," Working Papers 1617E, University of Ottawa, Department of Economics.
    22. Laura Angeloni & V. Martins-da-Rocha, 2009. "Large economies with differential information and without free disposal," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 38(2), pages 263-286, February.
    23. Koutsougeras, Leonidas & Yannelis, Nicholas C., 1999. "Bounded rational learning in differential information economies: core and value," Journal of Mathematical Economics, Elsevier, vol. 31(3), pages 373-391, April.
    24. Dionysius Glycopantis & Carlos Hervés-Beloso & Konrad Podczeck, 2009. "Symposium on: equilibria with asymmetric information," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 38(2), pages 217-219, February.
    25. Angeloni, Laura & Martins-da-Rocha, Victor Filipe, 2007. "Contract enforcement and incentive compatibility in large economies with differential information: the role of exact feasibility," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 647, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    26. Glycopantis, Dionysius & Muir, Allan & Yannelis, Nicholas C., 2004. "Non-implementation of Rational Expectations as a Perfect Bayesian Equilibrium," Economics Series 148, Institute for Advanced Studies.
    27. Edwards, Robert A. & Routledge, Robert R., 2022. "Information, Bertrand–Edgeworth competition and the law of one price," Journal of Mathematical Economics, Elsevier, vol. 101(C).
    28. Einy, Ezra & Moreno, Diego & Shitovitz, Benyamin, 1999. "Information advantage in cournot oligopoly," UC3M Working papers. Economics 6168, Universidad Carlos III de Madrid. Departamento de Economía.
    29. Wei He & Nicholas C. Yannelis, 2013. "Equilibrium Theory under Ambiguity," Economics Discussion Paper Series 1307, Economics, The University of Manchester.
    30. Luciano De Castro & Marialaura Pesce & Nicolas Yannelis, 2011. "Core and Equilibria under ambiguity," Discussion Papers 1534, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    31. Krasa, Stefan & Sharma, Tridib & Villamil, Anne P., 2005. "Debt contracts and cooperative improvements," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 857-874, November.
    32. Krasa, Stefan, 1999. "Unimprovable Allocations in Economies with Incomplete Information," Journal of Economic Theory, Elsevier, vol. 87(1), pages 144-168, July.
    33. Nabil I. Al-Najjar & Luciano De Castro, 2010. "Uncertainty, Efficiency and Incentive Compatibility," Discussion Papers 1532, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    34. Angelos Angelopoulos, 2014. "Maximin Value Allocation with a Continuum of States," Economics Discussion Paper Series 1407, Economics, The University of Manchester.
    35. Podczeck, Konrad & Yannelis, Nicholas C., 2008. "Equilibrium theory with asymmetric information and with infinitely many commodities," Journal of Economic Theory, Elsevier, vol. 141(1), pages 152-183, July.
    36. Einy, Ezra & Moreno, Diego & Shitovitz, Benyamin, 1999. "Fine value allocations in large exchange economies with differential information," UC3M Working papers. Economics 6128, Universidad Carlos III de Madrid. Departamento de Economía.
    37. Beth Allen, 1996. "Implementation theory with incomplete information," Staff Report 226, Federal Reserve Bank of Minneapolis.

  27. Kahn, Charles M & Krasa, Stefan, 1993. "Non-existence and Inefficiency of Equilibria with American Options," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(1), pages 169-176, January.

    Cited by:

    1. Baptista, Alexandre M., 2003. "Spanning with American options," Journal of Economic Theory, Elsevier, vol. 110(2), pages 264-289, June.
    2. Roll, Richard & Schwartz, Eduardo & Subrahmanyam, Avanidhar, 2009. "Options trading activity and firm valuation," Journal of Financial Economics, Elsevier, vol. 94(3), pages 345-360, December.
    3. Alexandre Baptista, 2000. "Options and Efficiency in Multiperiod Security Markets," Econometric Society World Congress 2000 Contributed Papers 0299, Econometric Society.

  28. Krasa, Stefan & Villamil, Anne P, 1992. "A Theory of Optimal Bank Size," Oxford Economic Papers, Oxford University Press, vol. 44(4), pages 725-749, October.

    Cited by:

    1. Sofiane Aboura & Emmanuel Lépinette-Denis, 2014. "An Alternative Model to Basel Regulation," Post-Print hal-01526063, HAL.
    2. Sun, Hongfei, 2007. "Aggregate uncertainty, money and banking," Journal of Monetary Economics, Elsevier, vol. 54(7), pages 1929-1948, October.
    3. Demid Golikov, 2005. "Financial Intermediary In Monetary Economics: An Excerpt," Macroeconomics 0510018, University Library of Munich, Germany.
    4. Andreas Kamp & Andreas Pfingsten & Thilo Liebig, 2007. "Diversifikation oder Spezialisierung — Eine Branchenanalyse der Kreditportfolios der Banken in Deutschland," Schmalenbach Journal of Business Research, Springer, vol. 59(57), pages 1-38, January.
    5. David Andolfatto & Ed Nosal, 2003. "A Theory of Money and Banking," Macroeconomics 0310003, University Library of Munich, Germany.
    6. Zhixiong Zeng, 2013. "A theory of the non-neutrality of money with banking frictions and bank recapitalization," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(2), pages 729-754, March.
    7. Marcella Lucchetta, 2017. "Banking competition and welfare," Annals of Finance, Springer, vol. 13(1), pages 31-53, February.
    8. Sofiane Aboura & Emmanuel Lépinette, 2013. "An Alternative Model to Basel Regulation," Working Papers hal-00825018, HAL.
    9. Pausch, Thilo, 2013. "Risk Sensitivity of Banks, Interbank Markets and the Effects of Liquidity Regulation," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79702, Verein für Socialpolitik / German Economic Association.
    10. Edward Simpson Prescott, 1997. "Group lending and financial intermediation: an example," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 23-48.
    11. Lagunoff, Roger & Schreft, Stacey L., 2001. "A Model of Financial Fragility," Journal of Economic Theory, Elsevier, vol. 99(1-2), pages 220-264, July.
    12. Villamil, Anne P., 2003. "Introduction to capital accumulation and allocation in economic growth," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(4), pages 583-591.
    13. Donald P. Morgan, 2000. "Rating risks: risk and uncertainty in an opaque industry," Staff Reports 105, Federal Reserve Bank of New York.
    14. Gual, Jordi, 1999. "Deregulation, integration and market structure in European banking," IESE Research Papers D/397, IESE Business School.
    15. Avramidis, Panagiotis & Cabolis, Christos & Serfes, Konstantinos, 2018. "Bank size and market value: The role of direct monitoring and delegation costs," Journal of Banking & Finance, Elsevier, vol. 93(C), pages 127-138.
    16. Yi Jin & Zhixiong Zeng, 2011. "The Financial and Macroeconomic Implications of Banking Frictions and Banking Riskiness," Monash Economics Working Papers 14-11, Monash University, Department of Economics.
    17. Fenghua Song & Anjan V. Thakor, 2023. "Market Freeze and Bank Capital Structure Heterogeneity," Management Science, INFORMS, vol. 69(3), pages 1856-1876, March.
    18. Gual, Jordi, 1999. "Deregulation, Integration, and Market Structure in European Banking," Journal of the Japanese and International Economies, Elsevier, vol. 13(4), pages 372-396, December.
    19. Yosha, Oved, 1997. "Diversification and Competition: Financial Intermediation in a Large Cournot-Walras Economy," Journal of Economic Theory, Elsevier, vol. 75(1), pages 64-88, July.
    20. Ludovic Renou, 2008. "Multi-lender coalitions in costly state verification models," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 407-433, September.
    21. Avramidis, Panagiotis & Cabolis, Christos & Serfes, Konstantinos, 2016. "Does one bank size fit all? The role of diversification and monitoring," School of Economics Working Paper Series 2016-7, LeBow College of Business, Drexel University, revised 17 Oct 2016.
    22. Jin, Yi & Zeng, Zhixiong, 2014. "Banking risk and macroeconomic fluctuations," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 350-360.
    23. Gual, Jordi, 1999. "Deregulation, Integration and Market Structure in European Banking," CEPR Discussion Papers 2288, C.E.P.R. Discussion Papers.
    24. Elosegui, Pedro Luis, 2003. "Aggregate risk, credit rationing and capital accumulation," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(4), pages 668-696.
    25. Gianni De Nicolo, 2000. "Size, charter value and risk in banking: an international perspective," International Finance Discussion Papers 689, Board of Governors of the Federal Reserve System (U.S.).
    26. van der Plaat, Mark & Spierdijk, Laura, 2020. "Recourse, asymmetric information, and credit risk over the business cycle," MPRA Paper 104718, University Library of Munich, Germany.
    27. Winton, Andrew, 1997. "Competition among Financial Intermediaries When Diversification Matters," Journal of Financial Intermediation, Elsevier, vol. 6(4), pages 307-346, October.
    28. Donald P. Morgan, 1998. "Judging the risk of banks: what makes banks opaque?," Research Paper 9805, Federal Reserve Bank of New York.
    29. Vallascas, Francesco & Keasey, Kevin, 2012. "Bank resilience to systemic shocks and the stability of banking systems: Small is beautiful," Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1745-1776.
    30. Antinolfi, Gaetano & Kawamura, Enrique, 2008. "Banks and markets in a monetary economy," Journal of Monetary Economics, Elsevier, vol. 55(2), pages 321-334, March.
    31. Pedro Marcelo Oviedo, 2004. "Macroeconomic risk and banking crises in emerging market countries: business fluctuations with financial crashes," Proceedings, Federal Reserve Bank of San Francisco, issue Jun.
    32. Lin, Jyh-Horng, 2000. "A contingent claim analysis of a rate-setting financial intermediary," International Review of Economics & Finance, Elsevier, vol. 9(4), pages 375-386, October.
    33. Donald P. Morgan, 2002. "Rating Banks: Risk and Uncertainty in an Opaque Industry," American Economic Review, American Economic Association, vol. 92(4), pages 874-888, September.

  29. Krasa, Stefan & Villamil, Anne P., 1992. "Monitoring the monitor: An incentive structure for a financial intermediary," Journal of Economic Theory, Elsevier, vol. 57(1), pages 197-221.

    Cited by:

    1. Christina Badarau & Grégory Levieuge, 2011. "Assessing the Effects of Financial Heterogeneity in a Monetary Union : A DSGE Approach," Larefi Working Papers 201108, Larefi, Université Bordeaux 4.
    2. Andolfatto, David & Nosal, Ed, 2008. "Bank incentives, contract design and bank runs," Journal of Economic Theory, Elsevier, vol. 142(1), pages 28-47, September.
    3. David M. Arseneau & David E. Rappoport & Alexandros Vardoulakis, 2015. "Secondary Market Liquidity and the Optimal Capital Structure," Finance and Economics Discussion Series 2015-31, Board of Governors of the Federal Reserve System (U.S.).
    4. Huber, Kilian, 2021. "Are Bigger Banks Better? Firm-Level Evidence from Germany," CEPR Discussion Papers 15769, C.E.P.R. Discussion Papers.
    5. L. Clerc & A. Derviz & C. Mendicino & S. Moyen & K. Nikolov & L. Stracca & J. Suarez & A. P. Vardoulakis, 2014. "Capital Regulation in a Macroeconomic Model with Three Layers of Default," Working papers 533, Banque de France.
    6. Elisabeth Huybens & Bruce D. Smith, 1996. "Financial Market Frictions, Monetary Policy and Capital Accumulation in a Small Open Economy," Working Papers 9608, Centro de Investigacion Economica, ITAM.
    7. Avelino Martínez Sandoval & Harold Londono Martínez, 2004. "El Racionamiento del Crédito en los Mercados Financieros," Revista de Economía y Administración, Universidad Autónoma de Occidente, July.
    8. Villacorta, Alonso, 2018. "Business cycles and the balance sheets of the financial and non-financial sectors," ESRB Working Paper Series 68, European Systemic Risk Board.
    9. Goergen, M. & Manjon, M.C. & Renneboog, L.D.R., 2004. "Recent Developments in German Corporate Governance," Other publications TiSEM db2cef31-d47e-445d-ba35-d, Tilburg University, School of Economics and Management.
    10. Gary Gorton & Andrew Winton, 2002. "Financial Intermediation," Center for Financial Institutions Working Papers 02-28, Wharton School Center for Financial Institutions, University of Pennsylvania.
    11. Andolfatto, David & Nosal, Ed, 2006. "Moral Hazard in the Diamond-Dybvig Model of Banking," MPRA Paper 1337, University Library of Munich, Germany.
    12. Spiros Bougheas & Tianxi Wang, 2015. "Optimal Organization of Financial Intermediaries," CESifo Working Paper Series 5452, CESifo.
    13. Elisabeth Huybens & Bruce D. Smith, 1997. "Inflation, Financial Markets and Long-Run Real Activity," Working Papers 9707, Centro de Investigacion Economica, ITAM.
    14. Demid Golikov, 2005. "Financial Intermediary In Monetary Economics: An Excerpt," Macroeconomics 0510018, University Library of Munich, Germany.
    15. Peiyao Shen & Regina Betz & Andreas Ortmann & Rukai Gong, 2020. "Improving Truthful Reporting of Polluting Firms by Rotating Inspectors: Experimental Evidence from a Bribery Game," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(2), pages 201-233, July.
    16. Caterina Mendicino & Kalin Nikolov & Javier Suarez & Dominik Supera, 2018. "Optimal Dynamic Capital Requirements," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(6), pages 1271-1297, September.
    17. Guillaume Carlier & Ludovic Renou, 2005. "Debt Contracts with ex-ante and ex-post Asymmetric Information: An Example," School of Economics and Public Policy Working Papers 2005-03, University of Adelaide, School of Economics and Public Policy.
    18. Segura, Anatoli & Villacorta, Alonso, 2023. "The paradox of safe asset creation," Journal of Economic Theory, Elsevier, vol. 210(C).
    19. Zhixiong Zeng, 2007. "The price of size and financial market allocations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 30(1), pages 21-48, January.
    20. Wai-Hong Ho, 2017. "Financial market globalization, nonconvergence and credit cycles," Annals of Finance, Springer, vol. 13(2), pages 153-180, May.
    21. Charles W. Calomiris & Matthew Jaremski, 2016. "Deposit Insurance: Theories and Facts," Annual Review of Financial Economics, Annual Reviews, vol. 8(1), pages 97-120, October.
    22. Li, Yiting, 1998. "Middlemen and private information," Journal of Monetary Economics, Elsevier, vol. 42(1), pages 131-159, June.
    23. Edward J. Green, 1995. "Implementing Efficient Allocations in a Model of Financial Intermediation," Meeting papers 9506001, University Library of Munich, Germany.
    24. Niinimaki, J. -P., 2001. "Intertemporal diversification in financial intermediation," Journal of Banking & Finance, Elsevier, vol. 25(5), pages 965-991, May.
    25. Charles W. Calomiris & Urooj Khan, 2015. "An Assessment of TARP Assistance to Financial Institutions," Journal of Economic Perspectives, American Economic Association, vol. 29(2), pages 53-80, Spring.
    26. Régis Breton, 2006. "A Smoke Screen Theory of Financial Intermediation," Post-Print halshs-00257192, HAL.
    27. Vadim Elenev & Tim Landvoigt & Stijn Van Nieuwerburgh, 2021. "A Macroeconomic Model With Financially Constrained Producers and Intermediaries," Econometrica, Econometric Society, vol. 89(3), pages 1361-1418, May.
    28. Nicola Branzoli & Fulvia Fringuellotti, 2020. "The Effect of Bank Monitoring on Loan Repayment," Staff Reports 923, Federal Reserve Bank of New York.
    29. Naqvi, Hassan, 2015. "Banking crises and the lender of last resort: How crucial is the role of information?," Journal of Banking & Finance, Elsevier, vol. 54(C), pages 20-29.
    30. Marguerite Schneider, 2000. "When Financial Intermediaries are Corporate Owners: An Agency Model of Institutional Ownership," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 4(3), pages 207-237, September.
    31. Florina-Cristina Badarau & Grégory Levieuge, 2011. "Assessing the Effects of Financial Heterogeneity in a Monetary Union : A DSGE Approach," Working Papers hal-00641984, HAL.
    32. Zhixiong Zeng, 2013. "A theory of the non-neutrality of money with banking frictions and bank recapitalization," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(2), pages 729-754, March.
    33. J.-P. Niinimäki, 2022. "Relationship Lending and Switching Costs under Asymmetric Information about Bank Types," Journal of Financial Services Research, Springer;Western Finance Association, vol. 61(1), pages 111-149, February.
    34. Juha-Pekka Niinimäki & Tuomas Takalo, 2007. "Benchmarking and Comparing Entrepreneurs with Incomplete Information," Finnish Economic Papers, Finnish Economic Association, vol. 20(2), pages 91-107, Autumn.
    35. Philip Protter & Alejandra Quintos, 2022. "Optimal group size in microlending," Annals of Finance, Springer, vol. 18(1), pages 121-132, March.
    36. Urs W. Birchler, 2000. "Are banks excessively monitored?," Working Papers 00.14, Swiss National Bank, Study Center Gerzensee.
    37. Persons, John C., 1997. "Liars Never Prosper? How Management Misrepresentation Reduces Monitoring Costs," Journal of Financial Intermediation, Elsevier, vol. 6(4), pages 269-306, October.
    38. Yosha, Oved, 1995. "Diversification and Competition: Financial Intermediation in a Large Cournot-Walras Economy," Foerder Institute for Economic Research Working Papers 275599, Tel-Aviv University > Foerder Institute for Economic Research.
    39. Villamil, Anne P., 2003. "Introduction to capital accumulation and allocation in economic growth," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(4), pages 583-591.
    40. Martin, Antoine & Schreft, Stacey L., 2006. "Currency competition: A partial vindication of Hayek," Journal of Monetary Economics, Elsevier, vol. 53(8), pages 2085-2111, November.
    41. Daniel F. Spulber, 1996. "Market Microstructure and Intermediation," Journal of Economic Perspectives, American Economic Association, vol. 10(3), pages 135-152, Summer.
    42. Wang, Tianxi, 2009. "The Allocation of Liability: Why Financial Intermediation?," Economics Discussion Papers 2957, University of Essex, Department of Economics.
    43. Espinosa-Vega, Marco A. & Smith, Bruce D. & Yip, Chong K., 2002. "Monetary Policy and Government Credit Programs," Journal of Financial Intermediation, Elsevier, vol. 11(3), pages 232-268, July.
    44. Ines Drumond, 2009. "Bank Capital Requirements, Business Cycle Fluctuations And The Basel Accords: A Synthesis," Journal of Economic Surveys, Wiley Blackwell, vol. 23(5), pages 798-830, December.
    45. Samartín, Margarita, 2004. "Algunos temas relevantes en la teoría bancaria," DEE - Documentos de Trabajo. Economía de la Empresa. DB db040403, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
    46. Cerasi, Vittoria & Daltung, Sonja, 2000. "The optimal size of a bank: Costs and benefits of diversification," European Economic Review, Elsevier, vol. 44(9), pages 1701-1726, October.
    47. Yener Altunbaş & Alper Kara & Adrian van Rixtel, 2007. "Corporate governance and corporate ownership: The investment behaviour of Japanese institutional investors," Occasional Papers 0703, Banco de España.
    48. Pojanart Sunirand, 2002. "The Role of Bank Capital and The Transmission Mechanism of Monetary Policy," FMG Discussion Papers dp433, Financial Markets Group.
    49. Yosha, Oved, 1997. "Diversification and Competition: Financial Intermediation in a Large Cournot-Walras Economy," Journal of Economic Theory, Elsevier, vol. 75(1), pages 64-88, July.
    50. Douglas W. Diamond, 1996. "Financial intermediation as delegated monitoring: a simple example," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 51-66.
    51. John H. Boyd & Bruce Smith, 1996. "The use of debt and equity in optimal financial contracts," Working Papers 537, Federal Reserve Bank of Minneapolis.
    52. Ludovic Renou, 2008. "Multi-lender coalitions in costly state verification models," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 407-433, September.
    53. Andrew Winton, 1996. "Monitored finance, liquidity, and institutional investment choice," Working Papers (Old Series) 9616, Federal Reserve Bank of Cleveland.
    54. Jin, Yi & Zeng, Zhixiong, 2014. "Banking risk and macroeconomic fluctuations," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 350-360.
    55. Matej Marinč, 2009. "Bank Monitoring and Role of Diversification," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 16(1), pages 77-91, May.
    56. Rosa Ferrentino & Luca Vota, 2023. "The optimal financing of a conglomerate firm with hidden information and costly state verification," Annals of Finance, Springer, vol. 19(1), pages 23-62, March.
    57. Huber, Kilian Maria, 2020. "Are bigger banks better? Firm-level evidence from Germany," LSE Research Online Documents on Economics 121861, London School of Economics and Political Science, LSE Library.
    58. Diogo Baerlocher, 2022. "Public employment and economic growth," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 73(1), pages 211-236, February.
    59. Niinimäki, Juha-Pekka & Takalo, Tuomas & Kultti, Klaus, 2006. "The role of comparing in financial markets with hidden information," Bank of Finland Research Discussion Papers 1/2006, Bank of Finland.
    60. Agyekum, Francis & Locke, Stuart & Hewa-Wellalage, Nirosha, 2016. "A search for Theory of Financial Market Failure in Lower Income Countries (LICs) and implication for Financial Exclusion," MPRA Paper 82861, University Library of Munich, Germany, revised 15 May 2017.
    61. Angelo Baglioni & Luca Colombo, 2009. "Managers’ Compensation And Misreporting: A Costly State Verification Approach," Economic Inquiry, Western Economic Association International, vol. 47(2), pages 278-289, April.
    62. Mark J. Garmaise & Tobias J. Moskowitz, 2002. "Informal Financial Networks: Theory and Evidence," NBER Working Papers 8874, National Bureau of Economic Research, Inc.

  30. Krasa, Stefan & Werner, Jan, 1991. "Equilibria with options: Existence and indeterminacy," Journal of Economic Theory, Elsevier, vol. 54(2), pages 305-320, August.

    Cited by:

    1. Herings, P.J.J. & Polemarchakis, H.M., 2000. "Equilibrium and arbitrage in incomplete asset markets with fixed prices," Research Memorandum 004, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    2. Bowman, David & Faust, Jon, 1997. "Options, Sunspots, and the Creation of Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 105(5), pages 957-975, October.
    3. Shurojit Chatterji & Atsushi Kajii, 2023. "On the Welfare Role of Redundant Assets with Heterogeneous Forecasts," Working Papers on Central Bank Communication 046, University of Tokyo, Graduate School of Economics.

  31. Krasa, Stefan, 1989. "Existence of competitive equilibria for option markets," Journal of Economic Theory, Elsevier, vol. 47(2), pages 413-421, April.

    Cited by:

    1. Bowman, David & Faust, Jon, 1997. "Options, Sunspots, and the Creation of Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 105(5), pages 957-975, October.
    2. Jan Wenzelburger, 2013. "Risk sharing in a financial market with endogenous option prices," The European Journal of Finance, Taylor & Francis Journals, vol. 19(6), pages 491-517, July.

Chapters

  1. Stefan Krasa & Nicholas C. Yannelis, 2005. "Existence and properties of a value allocation for an economy with differential information," Studies in Economic Theory, in: Dionysius Glycopantis & Nicholas C. Yannelis (ed.), Differential Information Economies, pages 527-540, Springer.
    See citations under working paper version above.
  2. Stefan Krasa & Anne P. Villamil, 2005. "Optimal multilateral contracts," Studies in Economic Theory, in: Dionysius Glycopantis & Nicholas C. Yannelis (ed.), Differential Information Economies, pages 319-340, Springer.
    See citations under working paper version above.
  3. Stefan Krasa & Nicholas C. Yannelis, 2005. "The value allocation of an economy with differential information," Studies in Economic Theory, in: Dionysius Glycopantis & Nicholas C. Yannelis (ed.), Differential Information Economies, pages 507-526, Springer.
    See citations under working paper version above.
  4. Stefan Krasa & Wayne Shafer, 2005. "Core concepts in economies where information is almost complete," Studies in Economic Theory, in: Dionysius Glycopantis & Nicholas C. Yannelis (ed.), Differential Information Economies, pages 397-417, Springer.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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