Stephen Morris

Princeton University - Department of Economics

Professor

Princeton, NJ 08544-1021

United States

SCHOLARLY PAPERS

96

DOWNLOADS
Rank 692

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Top 692

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31,261

CITATIONS
Rank 517

SSRN RANKINGS

Top 517

in Total Papers Citations

930

Scholarly Papers (96)

1.

Global Games: Theory and Applications

Cowles Foundation Discussion Paper No. 1275R
Number of pages: 70 Posted: 27 Sep 2001
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 3,249 (3,080)
Citation 153

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Common Knowledge, Coordination, Currency Crises, Global Games, Higher Order Beliefs, Unique Equilibrium

2.

Beauty Contests, Bubbles and Iterated Expectations in Asset Markets

Cowles Foundation Discussion Paper No. 1406; AFA 2004 San Diego Meetings
Number of pages: 38 Posted: 08 Mar 2003
Franklin Allen, Stephen Morris and Hyun Song Shin
Imperial College London, Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 1,609 (10,086)
Citation 83

Abstract:

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Beauty Contests, Bubbles, Noisy Rational Expectations Equilibrium, Martingales, Public Information, Asset Prices

3.
Downloads 1,533 ( 10,897)
Citation 62

Robust Mechanism Design

Cowles Foundation Discussion Paper No. 1421
Number of pages: 56 Posted: 04 Jun 2003
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 1,132 (17,187)
Citation 62

Abstract:

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Mechanism Design, Common Knowledge, Universal Type Space, Interim Equilibrium, Ex-post Equilibrium, Dominant Strategies

Robust Mechanism Design

Cowles Foundation Discussion Paper No. 1421R
Number of pages: 46 Posted: 20 May 2004
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 401 (70,248)
Citation 62

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Mechanism design, Common knowledge, Universal type space, Interim equilibrium, Ex-post equilibrium, Dominant strategies

Information Design: A Unified Perspective

Cowles Foundation Discussion Paper No. 2075R3
Number of pages: 71 Posted: 25 Mar 2018
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 420 (66,417)

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Information design, Bayesian persuasion, Correlated equilibrium, Incomplete information, Robust predictions, Information structure

Information Design: A Unified Perspective

Cowles Foundation Discussion Paper No. 2075
Number of pages: 58 Posted: 17 Feb 2017
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 374 (76,182)

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Information design, Bayesian persuasion, correlated equilibrium, incomplete information, robust predictions, information structure

Information Design: A Unified Perspective

Cowles Foundation Discussion Paper No. 2075R
Number of pages: 58 Posted: 28 Mar 2017
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 315 (92,926)

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Information Design, Bayesian Persuasion, Correlated Equilibrium, Incomplete Information, Robust Predictions, Information Structure

Information Design: A Unified Perspective

Cowles Foundation Discussion Paper No. 2075R2
Number of pages: 74 Posted: 29 Nov 2017
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 230 (129,513)

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Information design, Bayesian persuasion, Correlated equilibrium, Incomplete information, Robust predictions, Information structure

Information Design: A Unified Perspective

CEPR Discussion Paper No. DP11867
Number of pages: 60 Posted: 02 Mar 2017
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
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Bayesian persuasion, correlated equilibrium, incomplete information, information design, information structure., robust predictions

5.

Liquidity Black Holes

Cowles Foundation Discussion Paper No. 1434
Number of pages: 27 Posted: 19 Sep 2003
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 884 (25,289)
Citation 69

Abstract:

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Liquidity, asset pricing, global games

6.

Refinements and Higher Order Beliefs: A Unified Survey

Northwestern Center Working Paper No. 1197
Number of pages: 24 Posted: 03 Apr 2002
Stephen Morris and Atsushi Kajii
Princeton University - Department of Economics and Institute of Economic Research, Kyoto University
Downloads 882 (25,361)
Citation 3

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Higher Order Beliefs Refinements

7.
Downloads 837 ( 27,321)

The Limits of Price Discrimination

Cowles Foundation Discussion Paper No. 1896RR
Number of pages: 57 Posted: 17 Apr 2014
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 308 (95,333)

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First degree price discrimination, Second degree price discrimination, Third degree price discrimination, Private information, Privacy, Bayes correlated equilibrium, Concavification

The Limits of Price Discrimination

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 052-2013
Number of pages: 48 Posted: 16 May 2013 Last Revised: 21 Oct 2014
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 197 (150,426)

Abstract:

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First Degree Price Discrimination, Second Degree Price Discrimination, Third Degree Price Discrimination, Private Information, Privacy, Bayes Correlated Equilibrium, Concavification

The Limits of Price Discrimination

Cowles Foundation Discussion Paper No. 1896
Number of pages: 53 Posted: 16 May 2013
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 127 (219,336)

Abstract:

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First degree price discrimination, Second degree price discrimination, Third degree price discrimination, Private information, Privacy, Bayes correlated equilibrium

The Limits of Price Discrimination

Cowles Foundation Discussion Paper No. 1896R
Number of pages: 48 Posted: 04 Jul 2013
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 126 (220,634)

Abstract:

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First degree price discrimination, Second degree price discrimination, Third degree price discrimination, Private information, Privacy, Bayes correlated equilibrium

The Limits of Price Discrimination

Cowles Foundation Discussion Paper No. 1896RRR
Number of pages: 49 Posted: 27 Sep 2014
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 79 (303,613)

Abstract:

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First degree price discrimination, Second degree price discrimination, Third degree price discrimination, Private information, Privacy, Bayes correlated equilibrium, Concavification

8.

Expectations, Networks, and Conventions

Number of pages: 71 Posted: 03 Jun 2017 Last Revised: 19 Jan 2018
Benjamin Golub and Stephen Morris
Harvard University and Princeton University - Department of Economics
Downloads 727 (33,127)

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networks, incomplete information, centrality, common prior, heterogeneous priors, network game

9.

Justifying Rational Expectations

CARESS Working Paper No. 95-04
Number of pages: 15 Posted: 24 Dec 2001
Stephen Morris
Princeton University - Department of Economics
Downloads 705 (34,509)

Abstract:

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Rational Expectations, Common Knowledge

10.

Interaction Games: A Unified Analysis of Incomplete Information, Local Interaction and Random Matching Games

Santa Fe Institute Working Paper No. 97-08-072E
Number of pages: 33 Posted: 29 Nov 2001
Stephen Morris
Princeton University - Department of Economics
Downloads 656 (38,064)
Citation 3

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local interaction, incomplete information, higher order beliefs, random matching

11.
Downloads 613 ( 41,613)

Information and Market Power

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 070_2015
Number of pages: 65 Posted: 04 Aug 2015
Stephen Morris, Dirk Bergemann and Tibor Heumann
Princeton University - Department of Economics, Yale University - Cowles Foundation - Department of Economics and HEC Montreal
Downloads 343 (84,430)

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Demand Function Competition, Supply Function Competition, Price Impact, Market Power, Incomplete Information, Bayes Correlated Equilibrium, Volatility, Moments Restrictions, Linear Best Responses, Quadratic Payoffs

Information and Market Power

Cowles Foundation Discussion Paper No. 2017
Number of pages: 66 Posted: 05 Aug 2015
Dirk Bergemann, Tibor Heumann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, HEC Montreal and Princeton University - Department of Economics
Downloads 214 (139,013)

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Demand function competition, Supply function competition, Price impact, Market power, Incomplete information, Bayes correlated equilibrium, Volatility, Moments restrictions, Linear best responses, Quadratic payoffs

Information and Market Power

Cowles Foundation Discussion Paper No. 2017R
Number of pages: 50 Posted: 06 Nov 2018
Dirk Bergemann, Tibor Heumann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, HEC Montreal and Princeton University - Department of Economics
Downloads 56 (366,267)

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Demand function competition, Supply function competition, Price impact, Market power, Incomplete information, Bayes correlated equilibrium, Volatility, Moments restrictions, Linear best responses

Information and Market Power

CEPR Discussion Paper No. DP10791
Number of pages: 66 Posted: 04 Sep 2015
Dirk Bergemann, Tibor Heumann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, HEC Montreal and Princeton University - Department of Economics
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Bayes correlated equilibrium, demand function competition, incomplete information, linear best responses, market power, moment restrictions, price impact, quadratic payoffs, supply function competition, volatility

Information and Market Power

CEPR Discussion Paper No. DP13295
Number of pages: 52 Posted: 05 Nov 2018 Last Revised: 12 Nov 2018
Dirk Bergemann, Tibor Heumann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, HEC Montreal and Princeton University - Department of Economics
Downloads 0
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Robust Predictions in Games with Incomplete Information

Cowles Foundation Discussion Paper No. 1821, Economic Theory Center Working Paper No. 023-2011
Number of pages: 64 Posted: 27 Sep 2011
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 380 (74,809)
Citation 3

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Incomplete information, Correlated equilibrium, Robustness to private information, Moments restrictions, Identification, Information bounds

Robust Predictions in Games with Incomplete Information

Cowles Foundation Discussion Paper No. 1821RR
Number of pages: 55 Posted: 18 Oct 2012
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 122 (226,119)
Citation 3

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Incomplete information, Correlated equilibrium, Robustness to private information, Moments restrictions, Identification, Informations bounds

Robust Predictions in Games with Incomplete Information

Cowles Foundation Discussion Paper No. 1821RRR, Economic Theory Center Working Paper No. 023-2011
Number of pages: 61 Posted: 20 Mar 2013 Last Revised: 08 May 2013
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 58 (359,867)
Citation 3

Abstract:

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Incomplete information, Correlated equilibrium, Robustness to private information, Moments restrictions, Identification, Informations bounds, Linear best responses, Quadratic payoffs

Robust Predictions in Games with Incomplete Information

Cowles Foundation Discussion Paper No. 1821R
Number of pages: 50 Posted: 15 Dec 2011
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 52 (379,384)
Citation 3

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Incomplete information, Correlated equilibrium, Robustness to private information, Moments restrictions, Identification, Informations bounds

13.

Heterogeneity and Uniqueness in Interaction Games

Cowles Foundation Discussion Paper No. 1402
Number of pages: 44 Posted: 26 Feb 2003
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 559 (46,977)
Citation 8

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Heterogeneity, Uniqueness, Global Games

14.

Coordination Risk and the Price of Debt

Cowles Foundation Discussion Paper No. 1241R
Number of pages: 28 Posted: 14 Feb 2002
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 537 (49,384)
Citation 84

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Debt, Coordination, Liquidity, Common Knowledge

15.

The Wald Problem and the Relation of Sequential Sampling and Ex-Ante Information Costs

Number of pages: 27 Posted: 23 Jun 2017 Last Revised: 21 Feb 2019
Stephen Morris and Philipp Strack
Princeton University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 532 (50,025)

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Sequential Sampling, Entropy Cost, Information Acquisition

Risk and Wealth in a Model of Self-Fulfilling Currency Attacks

Cowles Foundation Discussion Paper No. 1433
Number of pages: 26 Posted: 20 Sep 2003
Bernardo Guimaraes and Stephen Morris
Yale University - Department of Economics and Princeton University - Department of Economics
Downloads 366 (78,196)
Citation 5

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Currency crisis, sunspots, global games, risk aversion, wealth, portfolio

Risk and Wealth in a Model of Self-Fulfilling Currency Attacks

Cowles Foundation Discussion Paper No. 1433R
Number of pages: 32 Posted: 10 Nov 2004
Bernardo Guimaraes and Stephen Morris
Yale University - Department of Economics and Princeton University - Department of Economics
Downloads 165 (176,745)
Citation 5

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Currency crisis, sunspots, global games, risk aversion, wealth, portfolio

17.

Belief Free Incomplete Information Games

Cowles Foundation Discussion Paper No. 1629
Number of pages: 28 Posted: 19 Sep 2007
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 521 (51,381)
Citation 8

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Correlated equilibrium, Rationalizability, Ex post equilibrium, Belief free, Types, Payo types, Belief types, Supermodular games, Potential games

18.
Downloads 518 ( 51,743)
Citation 35

Communication and Monetary Policy

Cowles Foundation Discussion Paper No. 1405
Number of pages: 22 Posted: 08 Mar 2003
Jeffery D. Amato, Stephen Morris and Hyun Song Shin
Goldman Sachs International, Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 348 (82,992)
Citation 35

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Communication, Monetary Policy, Transparency, Common Knowledge

Communication and Monetary Policy

BIS Working Paper No. 123
Number of pages: 30 Posted: 13 Dec 2005
Jeffery D. Amato, Stephen Morris and Hyun Song Shin
Goldman Sachs International, Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 170 (172,168)
Citation 35

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Interdependent Preferences and Strategic Distinguishability

Economic Theory Center Working Paper No. 008-2014
Number of pages: 54 Posted: 22 Dec 2010 Last Revised: 26 Aug 2016
Dirk Bergemann, Stephen Morris and Satoru Takahashi
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and National University of Singapore (NUS) - Department of Economics
Downloads 280 (105,586)
Citation 3

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Interdependent Preferences, Higher Order Preferences, Hierarchy of Preferences, Strategic Distinguishability

Interdependent Preferences and Strategic Distinguishability

Cowles Foundation Discussion Paper No. 1772
Number of pages: 45 Posted: 30 Sep 2010
Dirk Bergemann, Stephen Morris and Satoru Takahashi
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Harvard University - Department of Economics
Downloads 99 (263,037)
Citation 3

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Interdependent Preferences, Higher-Order Preference Hierarchy, Universal Type Space, Strategic Distinguishability

Interdependent Preferences and Strategic Distinguishability

Cowles Foundation Discussion Paper No. 1772R3
Number of pages: 54 Posted: 31 Aug 2016
Dirk Bergemann, Stephen Morris and Satoru Takahashi
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and National University of Singapore (NUS) - Department of Economics
Downloads 60 (353,744)
Citation 3

Abstract:

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Interdependent preferences, Higher-order preference hierarchy, Hierarchy of Preferences, Strategic distinguishability

Interdependent Preferences and Strategic Distinguishability

Cowles Foundation Discussion Paper No. 1772R
Number of pages: 43 Posted: 28 Feb 2011
Dirk Bergemann, Stephen Morris and Satoru Takahashi
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and National University of Singapore (NUS) - Department of Economics
Downloads 43 (411,741)
Citation 3

Abstract:

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Interdependent preferences, Higher-order preference hierarchy, Universal type space, Strategic distinguishability

Interdependent Preferences and Strategic Distinguishability

Cowles Foundation Discussion Paper No. 1772RR
Number of pages: 52 Posted: 20 Jul 2014
Dirk Bergemann, Stephen Morris and Satoru Takahashi
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and National University of Singapore (NUS) - Department of Economics
Downloads 23 (508,455)
Citation 3

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Interdependent preferences, Higher-order preference hierarchy, Universal type space, Strategic distinguishability

20.

Catalytic Finance: When Does it Work?

Cowles Foundation Discussion Paper No. 1400
Number of pages: 21 Posted: 26 Feb 2003
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 496 (54,615)
Citation 31

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Moral Hazard, Financial Crisis, International Financial Architecture, Global Games

21.

Co-Operation and Timing

CARESS Working Paper No. 95-05
Number of pages: 7 Posted: 23 Nov 2000
Stephen Morris
Princeton University - Department of Economics
Downloads 450 (61,711)
Citation 4

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coordination, common knowledge

Crises: Equilibrium Shifts and Large Shocks

MIT Department of Economics Working Paper No. 16-13
Number of pages: 40 Posted: 16 Dec 2016 Last Revised: 16 Feb 2019
Stephen Morris and Muhamet Yildiz
Princeton University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 409 (68,590)

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Equilibrium Shift; Global Games; Rank Beliefs; Fat Tails; Hysteresis; Equilibrium Selection; Multiple Equilibria

Crises: Equilibrium Shifts and Large Shocks

Number of pages: 40 Posted: 06 Mar 2019
Stephen Morris and Muhamet Yildiz
Princeton University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 13 (571,828)

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23.

Coordination, Communication and Common Knowledge: A Retrospective on the Electronic Mail Game

Cowles Foundation Discussion Paper No. 1401
Number of pages: 23 Posted: 26 Feb 2003
Stephen Morris
Princeton University - Department of Economics
Downloads 419 (67,221)
Citation 2

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Common Knowledge, Coordination, Communication

24.

Higher-Order Expectations

Number of pages: 28 Posted: 03 Jun 2017 Last Revised: 16 Dec 2017
Benjamin Golub and Stephen Morris
Harvard University and Princeton University - Department of Economics
Downloads 417 (67,585)

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higher-order beliefs, higher-order expectations, networks, common prior, heterogeneous priors

25.

Robust Mechanism Design: An Introduction

Cowles Foundation Discussion Paper No. 1818, Economic Theory Center Working Paper No. 020-2011, ROBUST MECHANISM, D. Bergemann & S. Morris, eds., World Scientific, Forthcoming
Number of pages: 48 Posted: 19 Aug 2011
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 388 (73,679)
Citation 57

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Mechanism design, Robust mechanism design, Common knowledge, Universal type space, Interim equilibrium, Ex post equilibrium, Dominant strategies, Rationalizability, Partial implementation, Full implementation, Robust implementation

26.

Correlated Equilibrium in Games with Incomplete Information

Cowles Foundation Discussion Paper No. 1822, Economic Theory Center Working Paper No. 024-2011
Number of pages: 62 Posted: 10 Oct 2011
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 378 (75,935)
Citation 2

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Correlated equilibrium, Incomplete information, Robust predictions, Information structure

27.

Equilibrium Selection in Global Games with Strategic Complementarities

Cowles Foundation Discussion Paper No. 1336
Number of pages: 63 Posted: 27 Nov 2001
David M. Frankel, Stephen Morris and Ady Pauzner
Iowa State University - Department of Economics, Princeton University - Department of Economics and Tel Aviv University - Eitan Berglas School of Economics
Downloads 378 (75,935)
Citation 41

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Equilibrium Selection, Global Games, Strategic Complementarities, Supermodular Games

28.
Downloads 375 ( 76,595)
Citation 12

Robust Implementation: The Case of Direct Mechanisms

Cowles Foundation Discussion Paper No. 1561
Number of pages: 37 Posted: 13 Mar 2006
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 213 (139,643)
Citation 12

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Mechanism Design, Implementation, Robustness, Common Knowledge, Interim Equilibrium, Iterative Deletion, Direct Mechanism

Robust Implementation: The Case of Direct Mechanisms

Cowles Foundation Discussion Paper No. 1561R
Number of pages: 40 Posted: 30 May 2007
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 162 (179,485)
Citation 12

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Mechanism design, Implementation, Robustness, Common knowledge, Interim equilibrium, Iterative deletion, Direct mechanism

The Comparison of Information Structures in Games: Bayes Correlated Equilibrium and Individual Sufficiency

Economic Theory Center Working Paper No. 054-2013
Number of pages: 57 Posted: 17 Sep 2013
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 289 (102,128)

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correlated equilibrium, incomplete information, robust predictions, information structure, sufficiency, Blackwell ordering

Bayes Correlated Equilibrium and the Comparison of Information Structures in Games

Cowles Foundation Discussion Paper No. 1909R, Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 054-2013
Number of pages: 41 Posted: 14 May 2014 Last Revised: 22 Oct 2014
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 53 (376,119)

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Correlated equilibrium, incomplete information, robust predictions, information structure, sufficiency, Blackwell ordering

The Comparison of Information Structures in Games: Bayes Correlated Equilibrium and Individual Sufficiency

Cowles Foundation Discussion Paper No. 1909
Number of pages: 57 Posted: 19 Sep 2013
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 30 (468,677)

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Correlated equilibrium, Incomplete information, Robust predictions, Information structure, Sufficiency, Blackwell ordering

30.

Contagious Adverse Selection

Economic Theory Center Working Paper No. 001-2010
Number of pages: 29 Posted: 22 Dec 2010
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 365 (79,146)
Citation 10

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Informational Robustness and Solution Concepts

Cowles Foundation Discussion Paper No. 1973R
Number of pages: 35 Posted: 14 Jul 2015
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 188 (157,185)

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Incomplete information, Informational robustness, Bayes correlated equilibrium, Interim corrrelated rationalizability, Belief free rationalizability

Informational Robustness and Solution Concepts

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 067_2014
Number of pages: 35 Posted: 16 Dec 2014 Last Revised: 24 Jul 2015
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 123 (224,753)

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Incomplete Information, Informational Robustness, Bayes Correlated Equilibrium, Interim Correlated Rationalizability, Belief Free Rationalizatility

Informational Robustness and Solution Concepts

Cowles Foundation Discussion Paper No. 1973
Number of pages: 30 Posted: 17 Dec 2014
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 49 (389,585)

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Incomplete information, Informational robustness, Bayes correlated equilibrium, Interim corrrelated rationalizability, Belief free rationalizability

32.

The Cnbc Effect: Welfare Effects of Public Information

Yale Cowles Foundation Discussion Paper No. 1312
Number of pages: 36 Posted: 25 Aug 2001
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 353 (82,262)
Citation 8

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Transparency, Disclosures, Coordination, Overreaction To Public Information

33.
Downloads 337 ( 86,767)
Citation 24

Illiquidity Component of Credit Risk

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 081_2016
Number of pages: 23 Posted: 02 Jun 2016
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 336 (86,444)
Citation 24

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Illiquidity Component of Credit Risk

International Economic Review, Vol. 57, Issue 4, pp. 1135-1148, 2016
Number of pages: 14 Posted: 15 Nov 2016
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 1 (664,695)
Citation 24
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34.

Robust Implementation: The Role of Large Type Spaces

Cowles Foundation Discussion Paper No. 1519
Number of pages: 59 Posted: 23 Jun 2005
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 337 (86,767)
Citation 14

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Mechanism Design, Implementation, Robustness, Common Knowledge, Interim Equilibrium, Interative Deletion, Dominant Strategies

35.

Multidimensional Private Value Auctions

Cowles Foundation Discussion Paper No. 1423
Number of pages: 41 Posted: 10 Jun 2003
Hanming Fang and Stephen Morris
University of Pennsylvania - Department of Economics and Princeton University - Department of Economics
Downloads 327 (89,704)
Citation 8

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Multidimensional Auctions, Revenue Equivalence, Allocative Efficiency, Information Acquisition

36.

Interim Rationalizability

Harvard Institute of Economic Research Discussion Paper No. 2064
Number of pages: 15 Posted: 02 Mar 2005
Drew Fudenberg, Eddie Dekel and Stephen Morris
Massachusetts Institute of Technology (MIT), Northwestern University - Department of Economics and Princeton University - Department of Economics
Downloads 321 (91,595)

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rationalizability, incomplete information, common knowledge, university type space

37.

Common Belief Foundations of Global Games

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 069_2015
Number of pages: 27 Posted: 30 May 2015 Last Revised: 05 Dec 2015
Stephen Morris, Hyun Song Shin and Muhamet Yildiz
Princeton University - Department of Economics, Bank for International Settlements (BIS) and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 319 (92,204)
Citation 1

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38.

Topologies on Types

Harvard Institute of Economic Research Discussion Paper No. 2093
Number of pages: 37 Posted: 08 Sep 2005
Eddie Dekel, Drew Fudenberg and Stephen Morris
Northwestern University - Department of Economics, Massachusetts Institute of Technology (MIT) and Princeton University - Department of Economics
Downloads 289 (102,645)

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rationalizability, incomplete information, common knowledge, universal type space, strategic topology

First Price Auctions with General Information Structures: Implications for Bidding and Revenue

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 071_2015
Number of pages: 59 Posted: 11 Aug 2015 Last Revised: 02 Oct 2016
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 158 (183,461)

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First price auction, information structure, Bayes correlated equilibrium, private values, interdependent values, common values, revenue, surplus, welfare bounds, reserve price, entry fee

First Price Auctions with General Information Structures: Implications for Bidding and Revenue

Cowles Foundation Discussion Paper No. 2018
Number of pages: 102 Posted: 12 Aug 2015
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 31 (463,655)

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First price auction, Information structure, Bayes correlated equilibrium, Private values, Interdependent values, Common values, Revenue, surplus, Welfare bounds, Reserve price, Entry fee

First Price Auctions with General Information Structures: Implications for Bidding and Revenue

Cowles Foundation Discussion Paper No. 2018R
Number of pages: 66 Posted: 25 Nov 2015
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 27 (484,724)

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First price auction, Information structure, Bayes correlated equilibrium, Private values, Interdependent values, Common values, Revenue, Surplus, Welfare bounds, Reserve price

First Price Auctions with General Information Structures: Implications for Bidding and Revenue

Cowles Foundation Discussion Paper No. 2018R2
Number of pages: 58 Posted: 09 May 2016 Last Revised: 21 May 2016
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 23 (508,455)

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First-price auction, information structure, Bayes correlated equilibrium, private values, interdependent values, common values, revenue, surplus, welfare bounds, reserve price

First Price Auctions with General Information Structures: Implications for Bidding and Revenue

Cowles Foundation Discussion Paper No. 2018R3
Number of pages: 59 Posted: 29 Sep 2016
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 21 (520,911)

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First-price auction, information structure, Bayes correlated equilibrium, private values, interdependent values, common values, revenue, surplus, welfare bounds, reserve price

First Price Auctions with General Information Structures: Implications for Bidding and Revenue

CEPR Discussion Paper No. DP10792
Number of pages: 103 Posted: 04 Sep 2015
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 1 (664,695)
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Bayes correlated equilibrium, common values, first price auctions, information structure, interdependent values, private values, revenue, welfare bounds

First Price Auctions with General Information Structures: Implications for Bidding and Revenue

CEPR Discussion Paper No. DP11782
Number of pages: 49 Posted: 17 Jan 2017
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
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Bayes correlated equilibrium, common values, First-price auction, information structure, interdependent values, private values, reserve price., revenue, surplus, welfare bounds

40.

A Foundation for Markoiv Equilibria in Infinite Horizon Perfect Information Games

PIER Working Paper No. 09-029
Number of pages: 30 Posted: 24 Aug 2009
V. Bhaskar, George J. Mailath and Stephen Morris
University College London, University of Pennsylvania - Department of Economics and Princeton University - Department of Economics
Downloads 259 (115,238)
Citation 3

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Markov, bounded recall, purification

41.

Policy Conditionality

PIER Working Paper No. 97-013
Number of pages: 19 Posted: 14 Apr 2002
Stephen Morris and Stephen Coate
Princeton University - Department of Economics and Cornell University - Department of Economics
Downloads 252 (118,581)
Citation 5

Abstract:

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Policy Conditionality, Transfers, Policy Persistence, Political Economy

Information Design, Bayesian Persuasion and Bayes Correlated Equilibrium

Cowles Foundation Discussion Paper No. 2027
Number of pages: 10 Posted: 14 Jan 2016
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 220 (135,360)

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Information design, Bayesian persuasion, Bayes correlated equilibrium, Information structure

Information Design, Bayesian Persuasion and Bayes Correlated Equilibrium

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 076_2016
Number of pages: 10 Posted: 14 Jan 2016
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 31 (463,655)

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Information Design, Bayesian Persuasion, Bayes Correlated Equilibrium, Information

43.

Coordination and Continuous Choice

Number of pages: 45 Posted: 27 Dec 2016
Stephen Morris and Ming Yang
Princeton University - Department of Economics and Duke University - Finance
Downloads 234 (127,769)

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coordination, endogenous information acquisition, continuous choice, higher order beliefs

44.
Downloads 227 (131,674)
Citation 6

Rationalizable Implementation

Cowles Foundation Discussion Paper No. 1697R
Number of pages: 30 Posted: 05 Jan 2010
Dirk Bergemann, Stephen Morris and Olivier Tercieux
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Paris-Jourdan Sciences Economiques (PSE)
Downloads 127 (219,336)
Citation 6

Abstract:

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Implementation, Complete information, Rationalizability, Maskin monotonicity

Rationalizable Implementation

Cowles Foundation Discussion Paper No. 1697
Number of pages: 22 Posted: 14 May 2009
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 100 (261,273)
Citation 6

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Implementation, Complete information, Rationalizability, Maskin monotonicity

45.

Ex Post Implementation

Cowles Foundation Discussion Paper No. 1502
Number of pages: 63 Posted: 12 Apr 2005
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 222 (134,560)
Citation 12

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Ex Post Equilibrium, Implementation, Single Crossing, Interdependent Values

46.

Games in Preference Form and Preference Rationalizability

Economic Theory Center Working Paper No. 43-2012
Number of pages: 31 Posted: 13 Oct 2012
Stephen Morris and Satoru Takahashi
Princeton University - Department of Economics and National University of Singapore (NUS) - Department of Economics
Downloads 214 (139,326)
Citation 1

Abstract:

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Bayes Correlated Equilibrium and the Comparison of Information Structures in Games

Cowles Foundation Discussion Paper No. 1909RR
Number of pages: 41 Posted: 23 Oct 2014
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 176 (166,867)

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Correlated equilibrium, Incomplete information, Robust predictions, Information structure, Sufficiency, Blackwell ordering

Bayes Correlated Equilibrium and the Comparison of Information Structures in Games

Cowles Foundation Discussion Paper No. 1909RRR
Number of pages: 40 Posted: 16 Apr 2015
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 37 (436,370)

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Correlated equilibrium, Incomplete information, Bayes Nash equilibrium, Bayes correlated equilibrium, Robust predictions, Information structure, Sufficiency, Blackwell ordering

48.

Best Response Equivalence

Cowles Foundation Discussion Paper No. 1377
Number of pages: 32 Posted: 12 Aug 2002
Stephen Morris and Takashi Ui
Princeton University - Department of Economics and Yokohama National University - Department of Economics
Downloads 209 (142,547)
Citation 9

Abstract:

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Best Response Equivalence, Duality, Farkas' Lemma, Potential Games

49.

Laws and Authority

PIER Working Paper No. 16-018
Number of pages: 25 Posted: 09 Nov 2016
University of Pennsylvania - Department of Economics, Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 208 (143,141)
Citation 11

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Laws, Authority, Cheap Talk, Game of Life, Social Norms, Conventions

50.
Downloads 202 (147,146)
Citation 9

Robust Implementation in General Mechanisms

Cowles Foundation Discussion Paper No. 1666
Number of pages: 52 Posted: 16 Jun 2008
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 123 (224,753)
Citation 9

Abstract:

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Mechanism design, Implementation, Robustness, Common knowledge, Interim equilibrium, Dominant strategies

Robust Implementation in General Mechanisms

Cowles Foundation Discussion Paper No. 1666R
Number of pages: 42 Posted: 10 Jan 2010
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 79 (303,613)
Citation 9

Abstract:

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Mechanism design, Implementation, Robustness, Common knowledge, Interim equilibrium, Dominant strategies

51.

Generalized Potentials and Robust Sets of Equilibria

Cowles Foundation Discussion Paper No.1394
Number of pages: 37 Posted: 30 Jan 2003
Stephen Morris and Takashi Ui
Princeton University - Department of Economics and Yokohama National University - Department of Economics
Downloads 202 (147,146)
Citation 10

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Incomplete Information, Potential, Refinements, Robustness

52.
Downloads 198 (149,853)
Citation 1

Information and Volatility

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 056-2013
Number of pages: 66 Posted: 07 Dec 2013 Last Revised: 21 Oct 2014
Dirk Bergemann, Tibor Heumann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, HEC Montreal and Princeton University - Department of Economics
Downloads 160 (181,428)
Citation 1

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Incomplete Information, Bayes Correlated Equilibrium, Volatility, Moments Restrictions, Linear Best Responses, Quadratic Payoffs

Information, Interdependence, and Interaction: Where Does the Volatility Come from?

Cowles Foundation Discussion Paper No. 1928
Number of pages: 57 Posted: 03 Dec 2013
Dirk Bergemann, Tibor Heumann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, HEC Montreal and Princeton University - Department of Economics
Downloads 38 (432,056)
Citation 1

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incomplete information, Bayes correlated equilibrium, Volatility, moments restrictions, Linear best responses, Quadratic payoffs

53.

Common Certainty of Rationality Revisited

Economic Theory Center Working Paper No. 010-2011
Number of pages: 23 Posted: 20 Mar 2011
Stephen Morris and Satoru Takahashi
Princeton University - Department of Economics and National University of Singapore (NUS) - Department of Economics
Downloads 192 (154,259)
Citation 1

Abstract:

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54.

Risk Premium Shifts and Monetary Policy: A Coordination Approach

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 075_2016
Number of pages: 25 Posted: 14 Jan 2016
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 191 (154,996)

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market liquidity, risk-taking channel, runs

55.
Downloads 187 (158,006)

Information and Volatility

Cowles Foundation Discussion Paper No. 1928R
Number of pages: 67 Posted: 14 Jun 2014
Dirk Bergemann, Tibor Heumann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, HEC Montreal and Princeton University - Department of Economics
Downloads 140 (202,826)

Abstract:

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Incomplete information, Bayes correlated equilibrium, Volatility, moments restrictions, Linear best responses, Quadratic payoffs

Information and Volatility

Cowles Foundation Discussion Paper No. 1928RR
Number of pages: 66 Posted: 17 Oct 2014
Dirk Bergemann, Tibor Heumann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, HEC Montreal and Princeton University - Department of Economics
Downloads 47 (396,890)

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Incomplete information, Idiosyncratic shocks, Aggregate shocks, Volatility, Confounding information, Moment restrictions, Linear best responses, Quadratic payoffs, Bayes correlated equilibrium

56.

Strategic Distinguishability With an Application to Robust Virtual Implementation

Cowles Foundation Discussion Paper No. 1609
Number of pages: 50 Posted: 04 Jun 2007
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 186 (158,775)
Citation 4

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Mechanism design, Virtual implementation, Robust implementation, Rationalizability, Ex-Post incentive compatibility

Extremal Information Structures in the First Price Auction

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 055-2013
Number of pages: 48 Posted: 15 Nov 2013
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 136 (207,637)

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First Price Auction, Mechanism Design, Robust Predictions, Private Information, Bayes Correlated Equilibrium.

Extremal Information Structures in the First Price Auction

Cowles Foundation Discussion Paper No. 1926
Number of pages: 48 Posted: 14 Nov 2013
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 33 (453,992)

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First price auction, Mechanism design, Robust predictions, Private information, Bayes correlated equilibrium

58.

Informationally Robust Optimal Auction Design

Cowles Foundation Discussion Paper No. 2065
Number of pages: 37 Posted: 16 Dec 2016
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 160 (181,167)

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optimal auctions, common values, information structure, model uncertainty, ambiguity aversion, robustness, Bayes correlated equilibrium, revenue maximization, revenue equivalence, information rent

59.

Coordination and the Relative Cost of Distinguishing Nearby States

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 079_2016
Number of pages: 39 Posted: 27 Mar 2016 Last Revised: 06 May 2016
Stephen Morris and Ming Yang
Princeton University - Department of Economics and Duke University - Finance
Downloads 150 (191,280)

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coordination, endogenous information acquisition, costly local distinguishability, higher order beliefs

60.

Faulty Communication: Some Variations on the Electronic Mail Game

Cowles Foundation Discussion Paper No. 1271R
Number of pages: 22 Posted: 27 Sep 2001
Stephen Morris
Princeton University - Department of Economics
Downloads 142 (199,994)

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Electronic Mail, Common Knowledge, Coordination

61.

Purification in the Infinitely-Repeated Prisoners' Dilemma

Cowles Foundation Discussion Paper No. 1571
Number of pages: 18 Posted: 20 Jul 2006
V. Bhaskar, George J. Mailath and Stephen Morris
University College London, University of Pennsylvania - Department of Economics and Princeton University - Department of Economics
Downloads 140 (202,250)
Citation 7

Abstract:

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Purification, Belief-free equilibria, Repeated games

62.

Bayes Correlated Equilibrium and the Comparison of Information Structures

Cowles Foundation Discussion Paper No. 1822R
Number of pages: 90 Posted: 19 Sep 2013
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 124 (222,498)

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Correlated equilibrium, Incomplete information, Robust predictions, Information structure

63.

Coordination Failure in Repeated Games with Almost-Public Monitoring, Second Version

Cowles Foundation Discussion Paper No. 1479R; PIER Working Paper No. 05-014
Number of pages: 36 Posted: 25 Mar 2005
George J. Mailath and Stephen Morris
University of Pennsylvania - Department of Economics and Princeton University - Department of Economics
Downloads 124 (222,498)
Citation 11

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repeated games, private monitoring, almost-public monitoring, coordination, bounded recall

64.

Belief-Free Rationalizability and Informational Robustness

Cowles Foundation Discussion Paper No. 2066
Number of pages: 32 Posted: 19 Dec 2016
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 122 (225,169)

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Incomplete Information, Informational Robustness, Bayes Correlated Equilibrium, Interim Correlated Rationalizability, Belief-Free Rationalizability

65.

An Ascending Auction for Interdependent Values: Uniqueness and Robustness to Strategic Uncertainty

Cowles Foundation Discussion Paper No. 1600
Number of pages: 15 Posted: 27 Jan 2007
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 119 (229,447)
Citation 2

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Dynamic auction, Rationalizability, Extensive form, Uniqueness, Strategic uncertainty

66.

Strategic Distinguishability and Robust Virtual Implementation

Cowles Foundation Discussion Paper No. 1609R
Number of pages: 50 Posted: 30 Apr 2008
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 118 (230,916)
Citation 3

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Mechanism design, Virtual implementation, Robust implementation, Rationalizability, Ex-post incentive compatibility

67.

Coordination Failure in Repeated Games with Almost-Public Monitoring

Cowles Foundation Discussion Paper No. 1479; PIER Working Paper No. 04-033
Number of pages: 38 Posted: 20 Sep 2004
George J. Mailath and Stephen Morris
University of Pennsylvania - Department of Economics and Princeton University - Department of Economics
Downloads 116 (233,851)
Citation 11

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repeated games, private monitoring, almost-public monitoring, coordination, bounded recall

68.

A Foundation for Markov Equilibria with Finite Social Memory

PIER Working Paper No. 12-003, Economic Theory Center Working Paper No. 31-2012
Number of pages: 31 Posted: 06 Feb 2012
V. Bhaskar, George J. Mailath and Stephen Morris
University College London, University of Pennsylvania - Department of Economics and Princeton University - Department of Economics
Downloads 110 (242,894)

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Purification, Markov perfect equilibrium, dynamic games

69.

Redemption Risk and Cash Hoarding by Asset Managers

BIS Working Paper No. 608
Number of pages: 47 Posted: 01 Feb 2017
Stephen Morris, Ilhyock Shim and Hyun Song Shin
Princeton University - Department of Economics, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 108 (246,109)

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asset manager, bond market liquidity, cash hoarding, global game, investor redemption, strategic complementarity

Optimal Auction Design in a Common Value Model

Cowles Foundation Discussion Paper No. 2064
Number of pages: 35 Posted: 19 Dec 2016
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 107 (249,112)

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Optimal auction, common values, revenue maximization, revenue equivalence, rst-price auction, second-price auction, resale, posted price, maximum value game, wallet game, descending auction, local incentive constraints, global incentive constraints

Optimal Auction Design in a Common Value Model

CEPR Discussion Paper No. DP11783
Number of pages: 37 Posted: 17 Jan 2017
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
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common values, descending auction, global incentive constraints, local incentive constraints, maximum value game, Optimal auction, posted price, resale, revenue maximization, wallet game

71.

Purification in the Infinitely-Repeated Prisoners' Dilemma

Cowles Foundation Discussion Paper No. 1451; PIER Working Paper No. 04-004
Number of pages: 20 Posted: 17 Jan 2004
V. Bhaskar, George J. Mailath and Stephen Morris
University of Essex, University of Pennsylvania - Department of Economics and Princeton University - Department of Economics
Downloads 104 (252,665)
Citation 8

Abstract:

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Purification, repeated games, belief-free equilibria, imperfect monitoring

72.

Coordination, Timing and Common Knowledge

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 061-2014
Number of pages: 19 Posted: 24 Apr 2014
Stephen Morris
Princeton University - Department of Economics
Downloads 94 (270,171)
Citation 1

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common knowledge, higher order beliefs, timing frictions, Calvo frictions, coordination

73.

Purification in the Infinitely-Repeated Prisoners' Dilemma, Second Version

PIER Working Paper No. 07-024
Number of pages: 23 Posted: 22 Aug 2007
V. Bhaskar, George J. Mailath and Stephen Morris
University College London, University of Pennsylvania - Department of Economics and Princeton University - Department of Economics
Downloads 94 (270,171)
Citation 6

Abstract:

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Purification, belief-free equilibria, repeated games

74.

Information and Interaction

Cowles Foundation Discussion Paper No. 2088
Number of pages: 51 Posted: 24 May 2017
Dirk Bergemann, Tibor Heumann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, HEC Montreal and Princeton University - Department of Economics
Downloads 88 (281,675)

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Networks, Incomplete Information, Bayes Correlated Equilibrium, Volatility, Moments Restrictions, Linear Best Responses, Quadratic Payoffs

75.

The Role of the Common Prior in Robust Implementation

Cowles Foundation Discussion Paper No. 1628
Number of pages: 13 Posted: 17 Sep 2007
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 85 (287,826)
Citation 3

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Common prior, Correlated equilibrium, Ex post equilibrium, Mechanism design, Robust implementation, Rationalizability, Strategic complements, Strategic substitutes, Uniqueness

76.

Robust Implementation in Direct Mechanisms

Cowles Foundation Discussion Paper No. 1561RR
Number of pages: 40 Posted: 21 Jan 2009
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 72 (317,240)
Citation 14

Abstract:

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Mechanism design, Implementation, Robustness, Common knowledge, Interim equilibrium, Iterative deletion, Direct mechanism

77.

The Robustness of Robust Implementation

Economic Theory Center Working Paper No. 002-2010
Number of pages: 15 Posted: 22 Dec 2010
Moritz Meyer-Ter-Vehn and Stephen Morris
Independent and Princeton University - Department of Economics
Downloads 67 (329,889)
Citation 1

Abstract:

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78.

A Foundation for Markov Equilibria in Infinite Horizon Perfect Information Games

PIER Working Paper No. 12-043
Number of pages: 29 Posted: 07 Nov 2012
V. Bhaskar, George J. Mailath and Stephen Morris
University College London, University of Pennsylvania - Department of Economics and Princeton University - Department of Economics
Downloads 64 (337,799)
Citation 4

Abstract:

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Markov, bounded recall, purification

Robust Rationalizability Under Almost Common Certainty of Payoffs

Economic Theory Center Working Paper No. 017-2011
Number of pages: 16 Posted: 11 Jul 2011
Stephen Morris, Satoru Takahashi and Olivier Tercieux
Princeton University - Department of Economics, National University of Singapore (NUS) - Department of Economics and Paris-Jourdan Sciences Economiques (PSE)
Downloads 53 (376,119)

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Robust Rationalizability Under Almost Common Certainty of Payoffs

Japanese Economic Review, Vol. 63, Issue 1, pp. 57-67, 2012
Number of pages: 11 Posted: 10 Feb 2012
Stephen Morris, Satoru Takahashi and Olivier Tercieux
Princeton University - Department of Economics, National University of Singapore (NUS) - Department of Economics and Paris-Jourdan Sciences Economiques (PSE)
Downloads 3 (640,254)
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80.

Selling to Intermediaries: Optimal Auction Design in a Common Value Model

Cowles Foundation Discussion Paper No. 2064R
Number of pages: 38 Posted: 15 Aug 2017
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 50 (379,724)

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Optimal auction, Intermediaries, Posted price, Guaranteed demand auction, Common values, Revenue maximization, Revenue equivalence, First-price auction, Second-price auction, Resale, Maximum value game, Descending auction, Local incentive constraints, Global incentive constraints

81.

Central Bank Forward Guidance and the Signal Value of Market Prices

BIS Working Paper No. 692
Number of pages: 9 Posted: 25 Jan 2018
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 49 (382,971)
Citation 28

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central bank communication, market expectations, crowding out

Counterfactuals with Latent Information

Cowles Foundation Discussion Paper No. 2162R, 2019
Number of pages: 33 Posted: 19 Feb 2019
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 25 (496,420)

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Counterfactuals, Bayes correlated equilibrium, Information structure, Type space, Linear program

Counterfactuals with Latent Information

Cowles Foundation Discussion Paper No. 2162 (2019)
Number of pages: 26 Posted: 31 Jan 2019
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 23 (508,455)

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Counterfactuals, Bayes correlated equilibrium, Information structure, Type space, Linear program

83.

First-Price Auctions with General Information Structures: A Short Introduction

Cowles Foundation Discussion Paper No. 2132
Number of pages: 11 Posted: 07 Jun 2018
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 47 (389,870)

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First-price auction, Information structure, Bayes correlated equilibrium, Private values, Interdependent values, Common values, Revenue, Surplus, Welfare bounds, Reserve price

84.

Efficient Auctions and Interdependent Types

Cowles Foundation Discussion Paper No. 1846, Economic Theory Center Working Paper No. 30-2012
Number of pages: 16 Posted: 18 Jan 2012
Dirk Bergemann, Stephen Morris and Satoru Takahashi
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and National University of Singapore (NUS) - Department of Economics
Downloads 39 (418,796)

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Mechanism Design, Robust mechanism design, Efficient auctions, Interdepedent types, Partial implementation, Full implementation

85.

Robust Virtual Implementation

Cowles Foundation Discussion Paper No. 1609RR
Number of pages: 54 Posted: 07 Jan 2009
Dirk Bergemann and Stephen Morris
Yale University - Cowles Foundation - Department of Economics and Princeton University - Department of Economics
Downloads 39 (418,796)
Citation 13

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Mechanism design, Virtual implementation, Robust implementation, RationalizÂżability, Ex-post incentive compatibility

86.

Inspiring Regime Change

Number of pages: 40 Posted: 06 Oct 2018
Stephen Morris and Mehdi Shadmehr
Princeton University - Department of Economics and University of Chicago
Downloads 36 (430,873)

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87.
Downloads 34 (439,067)

Revenue Guarantee Equivalence

Cowles Foundation Discussion Paper No. 2133
Number of pages: 20 Posted: 07 Jun 2018
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 34 (449,446)

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Revenue guarantee, Common values, Affiliated values, Revenue equivalence, Revenue ranking, First-price auction, Second-price auction, English auction

Revenue Guarantee Equivalence

CEPR Discussion Paper No. DP12964
Number of pages: 22 Posted: 05 Jun 2018
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
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affiliated values, common values, English auction, First-price auction, revenue equivalence, Revenue guarantee, revenue ranking, second-price auction

88.

Countering the Winner’s Curse: Optimal Auction Design in a Common Value Model

Cowles Foundation Discussion Paper No. 2147
Number of pages: 38 Posted: 26 Nov 2018
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 17 (526,843)

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Optimal auction, Common values, Maximum game, Posted price, Revenue equivalence, Adverse selection, Neutral selection, Advantageous selection

89.

Welfare Effects of Public Information

Bundesbank Series 1 Discussion Paper No. 2000,07
Number of pages: 23 Posted: 08 Jun 2016
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements (BIS)
Downloads 9 (573,518)
Citation 9

Abstract:

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90.

Countering the Winner's Curse: Optimal Auction Design in a Common Value Model

CEPR Discussion Paper No. DP13332
Number of pages: 40 Posted: 26 Nov 2018
Dirk Bergemann, Benjamin A. Brooks and Stephen Morris
Yale University - Cowles Foundation - Department of Economics, Princeton University - Department of Economics and Princeton University - Department of Economics
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advantageous selection, Adverse Selection, common values, maximum game, neutral selection, Optimal auction, posted price, revenue equivalence

91.

Fiscal Stabilization and Exchange Rate Instability: A Theoretical Approach and Some Policy Conclusions Using Mexican Data

Journal of Public Economics, Vol. 42, No. 3, pp. 329-356, August 1990
Posted: 19 Apr 2006
Andrew Feltenstein and Stephen Morris
Georgia State University - Department of Economics and Princeton University - Department of Economics

Abstract:

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Fiscal stabilization, Mexico, exchange rates

92.

Political Correctness

Journal of Political Economy, Vol. 109, April 2001
Posted: 01 Nov 2001
Stephen Morris
Princeton University - Department of Economics

Abstract:

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93.

Contagion

The Review of Economic Studies, Vol. 67, No. 1, 2000
Posted: 15 Jan 2001
Stephen Morris
Princeton University - Department of Economics

Abstract:

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94.

Approximate Common Knowledge Revisited

International Journal of Game Theory, Vol. 28, Iss. 3, August 1999
Posted: 26 Oct 1999
Stephen Morris
Princeton University - Department of Economics

Abstract:

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95.

Finite Bubbles with Short Sale Constraints and Asymmetric Information

Posted: 01 Sep 1999
Franklin Allen, Stephen Morris and Andrew Postlewaite
Imperial College London, Princeton University - Department of Economics and University of Pennsylvania - Department of Economics

Abstract:

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96.

A Theory of the Onset of Currency Attacks

CEPR Discussion Paper Series No. 2025
Posted: 07 Apr 1999
Hyun Song Shin and Stephen Morris
Bank for International Settlements (BIS) and Princeton University - Department of Economics

Abstract:

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