Lones Smith

University of Wisconsin at Madison - Department of Economics

Professor

1180 Observatory Drive

Madison, WI 53706-1393

United States

http://www.lonessmith.com

SCHOLARLY PAPERS

37

DOWNLOADS

5,133

CITATIONS
Rank 6,563

SSRN RANKINGS

Top 6,563

in Total Papers Citations

123

Scholarly Papers (37)

1.

Search at the Margin

American Economic Review, Forthcoming
Number of pages: 39 Posted: 28 Jun 2015 Last Revised: 02 May 2017
Jose Carrasco and Lones Smith
Facultad de Ingeniería y Ciencias, Universidad Adolfo Ibañez and University of Wisconsin at Madison - Department of Economics
Downloads 521 (52,218)

Abstract:

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Search Theory, Dynamic Programming

2.

The Economics of Counterfeiting

Econometrica, Forthcoming
Number of pages: 23 Posted: 11 Jan 2009 Last Revised: 22 Dec 2014
Elena Quercioli and Lones Smith
University of Texas - Pan American - College of Business Administration - Department of Economics & Finance and University of Wisconsin at Madison - Department of Economics
Downloads 467 (59,942)
Citation 3

Abstract:

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counterfeiting, supermodular games, log-concavity, passed money, seized money

3.

Rational Social Learning by Random Sampling

Number of pages: 22 Posted: 28 May 2008 Last Revised: 09 Jul 2013
Lones Smith and Peter Norman Sorensen
University of Wisconsin at Madison - Department of Economics and University of Copenhagen - Department of Economics
Downloads 442 (64,128)
Citation 25

Abstract:

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herding, cascades, Polya urns, martingales

4.

Student Portfolios and the College Admissions Problem

Number of pages: 46 Posted: 20 Mar 2009 Last Revised: 11 Mar 2013
Hector Chade, Gregory Lewis and Lones Smith
Arizona State University (ASU) - Economics Department, Harvard University and University of Wisconsin at Madison - Department of Economics
Downloads 278 (108,727)
Citation 3

Abstract:

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5.

Crime and Vigilance

Number of pages: 59 Posted: 11 Jul 2015 Last Revised: 22 Jul 2015
Lones Smith and Jorge Vásquez
University of Wisconsin at Madison - Department of Economics and Government of Canada - Bank of Canada
Downloads 275 (110,028)

Abstract:

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Nash equilibrium, vigilance, deterrence, attempted crime rate, crime rate

The Marriage Model with Search Frictions

Number of pages: 24 Posted: 27 Jun 1997
Lones Smith
University of Wisconsin at Madison - Department of Economics
Downloads 271 (111,116)
Citation 13

Abstract:

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The Marriage Model With Search Frictions

Journal of Political Economy, Vol. 114, pp. 1124-1144, December 2006
Posted: 12 Dec 2006
Lones Smith
University of Wisconsin at Madison - Department of Economics

Abstract:

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7.

Informational Herding and Optimal Experimentation

MIT Department of Economics Working Paper No. 22, Cowles Foundation Discussion Paper No. 1552
Number of pages: 40 Posted: 30 Jan 2006
Lones Smith and Peter Norman Sorensen
University of Wisconsin at Madison - Department of Economics and University of Copenhagen - Department of Economics
Downloads 238 (127,670)

Abstract:

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8.
Downloads 225 (134,950)
Citation 7

Repeated Games with Present-Biased Preferences

Cowles Foundation Discussion Paper No. 1555
Number of pages: 25 Posted: 20 Feb 2006
Hector Chade, Pavlo Prokopovych and Lones Smith
Arizona State University (ASU) - Economics Department, Kyiv School of Economics and University of Wisconsin at Madison - Department of Economics
Downloads 184 (162,881)

Abstract:

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Hyperbolic discounting, quasi-geometric discounting, repeated games, admissibility, continuation values

Repeated Games with Present-Biased Preferences

Journal of Economic Theory, Forthcoming
Number of pages: 30 Posted: 03 Oct 2007
Hector Chade, Pavlo Prokopovych and Lones Smith
Arizona State University (ASU) - Economics Department, Kyiv School of Economics and University of Wisconsin at Madison - Department of Economics
Downloads 41 (426,821)

Abstract:

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Hyperbolic discounting, quasi-geometric discounting, repeated games, admissibility, continuation values

9.
Downloads 210 (144,131)
Citation 2

The Law of Large Demand for Information

Number of pages: 21 Posted: 09 Jun 2000
Lones Smith and Giuseppe Moscarini
University of Wisconsin at Madison - Department of Economics and Cowles Foundation for Research in Economics
Downloads 126 (224,198)

Abstract:

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The Law of Large Demand for Information

Econometrica
Number of pages: 18 Posted: 25 Mar 2002
Giuseppe Moscarini and Lones Smith
Cowles Foundation for Research in Economics and University of Wisconsin at Madison - Department of Economics
Downloads 84 (297,226)

Abstract:

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10.

The Demand for Information: More Heat than Light

Cowles Foundation Discussion Paper No. 1498
Number of pages: 37 Posted: 24 Feb 2005
Jussi Keppo, Giuseppe Moscarini and Lones Smith
National University of Singapore - NUS Business School, Cowles Foundation for Research in Economics and University of Wisconsin at Madison - Department of Economics
Downloads 203 (148,780)

Abstract:

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Value of information, Non-concavity, Heat equation, Demand, Bayesian analysis

11.
Downloads 179 (166,997)
Citation 5

The Optimal Level of Experimentation

Econometrica, Vol. 69, No. 6
Number of pages: 20 Posted: 25 Jan 2001
Giuseppe Moscarini and Lones Smith
Cowles Foundation for Research in Economics and University of Wisconsin at Madison - Department of Economics
Downloads 100 (265,281)
Citation 2

Abstract:

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The Optimal Level of Experimentation

MIT Department of Economics Working Paper No. 98-4; University of Michigan Working Paper 2000-05
Number of pages: 20 Posted: 28 Jun 1998
Giuseppe Moscarini and Lones Smith
Cowles Foundation for Research in Economics and University of Wisconsin at Madison - Department of Economics
Downloads 79 (308,619)
Citation 1

Abstract:

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12.

Assortative Matching, Reputation, and the Beatles Breakup

U of Michigan Working Paper No. 2001-4
Number of pages: 23 Posted: 04 Dec 2001
Axel Anderson and Lones Smith
Georgetown University - Department of Economics and University of Wisconsin at Madison - Department of Economics
Downloads 166 (178,384)
Citation 1

Abstract:

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assortative matching, supermodularity, convexity, value function

13.

Greed, Fear, and Rushes

Number of pages: 43 Posted: 04 Jun 2013 Last Revised: 27 Feb 2015
Axel Anderson, Andreas Park and Lones Smith
Georgetown University - Department of Economics, University of Toronto - Finance Area and University of Wisconsin at Madison - Department of Economics
Downloads 152 (192,245)

Abstract:

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Timing Games, Unraveling, Runs, Games with Many Players, Pre-emption, War of Attrition

14.

Time-Consistent Optimal Stopping

MIT Department of Economics Working Paper No. 97-5
Number of pages: 4 Posted: 08 May 1997
Lones Smith
University of Wisconsin at Madison - Department of Economics
Downloads 139 (206,684)

Abstract:

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15.

Unattainable Payoffs for Repeated Games of Private Monitoring

Number of pages: 24 Posted: 02 Jul 2009 Last Revised: 11 May 2010
Josh Cherry and Lones Smith
University of Michigan at Ann Arbor - Department of Economics and University of Wisconsin at Madison - Department of Economics
Downloads 138 (207,903)
Citation 3

Abstract:

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Repeated Games, Private Monitoring, Correlated Equilibrium

16.

Optimal Electoral Timing: Exercise Wisely and You May Live Longer

Cowles Foundation Discussion Paper No. 1565
Number of pages: 43 Posted: 10 May 2006 Last Revised: 05 Oct 2007
Jussi Keppo, Lones Smith and Dmitry Davydov
National University of Singapore - NUS Business School, University of Wisconsin at Madison - Department of Economics and Goldman Sachs Group, Inc. - Equities Risk Management
Downloads 138 (207,903)

Abstract:

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American option, optimal stopping

17.

Do Rational Traders Frenzy?

Number of pages: 42 Posted: 22 Jun 1997
Lones Smith
University of Wisconsin at Madison - Department of Economics
Downloads 136 (210,426)
Citation 2

Abstract:

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18.

Ordinal Aggregation Results via Karlin's Variation Diminishing Property

Number of pages: 13 Posted: 05 Sep 2014 Last Revised: 26 Jan 2017
Michael Choi and Lones Smith
University of California, Irvine and University of Wisconsin at Madison - Department of Economics
Downloads 122 (228,880)

Abstract:

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single-crossing property, quasi-concavity, variation diminishing property, logsupermodularity, signed-ratio monotonicity

19.

Assortative Matching and Reputation

Cowles Foundation Discussion Paper No. 1553
Number of pages: 41 Posted: 03 Feb 2006
Axel Anderson and Lones Smith
Georgetown University - Department of Economics and University of Wisconsin at Madison - Department of Economics
Downloads 112 (243,594)

Abstract:

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Supermodularity, assortative matching, learning

20.

Dynamic Deception

Number of pages: 48 Posted: 10 Jan 2012 Last Revised: 27 Nov 2012
Axel Anderson and Lones Smith
Georgetown University - Department of Economics and University of Wisconsin at Madison - Department of Economics
Downloads 105 (254,982)

Abstract:

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Asymmetric Information, Reputation, Repeated Games, Continuous Time Games, Constant Sum

21.

A Portrait of the Artist as a Young, Middle-Aged, and Elderly Man

Number of pages: 21 Posted: 04 Jan 2000
Lones Smith and Geoffrey R. Lanyon
University of Wisconsin at Madison - Department of Economics and affiliation not provided to SSRN
Downloads 105 (254,982)

Abstract:

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22.

Optimal Sequential Search among Alternatives

Number of pages: 47 Posted: 26 Oct 2016
Michael Choi and Lones Smith
University of California, Irvine and University of Wisconsin at Madison - Department of Economics
Downloads 103 (258,359)
Citation 1

Abstract:

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Non-Stationary Search, Optimal Sequential Search, Selection, Riskiness and Dispersion, Search Accuracy

23.

Aspirational Bargaining

U of Michigan Economics Working Paper No. 2002-01
Number of pages: 32 Posted: 29 Jan 2002
Lones Smith and Ennio Stacchetti
University of Wisconsin at Madison - Department of Economics and Leonard N. Stern School of Business - Department of Economics
Downloads 101 (261,838)
Citation 5

Abstract:

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bargaining, subgame perfection, refinement, aspirations, temporal monopoly, martingale

24.

Simultaneous Search

Cowles Foundation Discussion Paper No. 1556
Number of pages: 17 Posted: 20 Feb 2006
Hector Chade and Lones Smith
Arizona State University (ASU) - Economics Department and University of Wisconsin at Madison - Department of Economics
Downloads 80 (303,391)

Abstract:

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Search, submodular, portfolio

25.

Counterfeit Money

Encyclopedia of Law and Economics, edited by Juergen Backaus, Springer New York, Forthcoming
Number of pages: 9 Posted: 22 Dec 2014
Lones Smith and Elena Quercioli
University of Wisconsin at Madison - Department of Economics and University of Texas - Pan American - College of Business Administration - Department of Economics & Finance
Downloads 76 (312,671)

Abstract:

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Deception games, seized money, passed money

26.

Caller Number Five: Timing Games that Morph from One Form to Another

Cowles Foundation Discussion Paper No. 1554
Number of pages: 25 Posted: 19 May 2005
Andreas Park and Lones Smith
University of Toronto - Finance Area and University of Wisconsin at Madison - Department of Economics
Downloads 76 (312,671)
Citation 1

Abstract:

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Games of timing, war of attrition, preemption game

27.

A Conversational War of Attrition

Number of pages: 49 Posted: 02 Oct 2013 Last Revised: 05 Apr 2017
Independent, University of California, Los Angeles (UCLA) and University of Wisconsin at Madison - Department of Economics
Downloads 50 (386,113)
Citation 2

Abstract:

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cheap talk, committee decision making, pivot voting, juries, adversarial system, peremptory challenges, debate, deliberation, polarization, devil's advocate, monotone comparative statics, war of attrition, nonlinear difference equations

28.

Strategically Valuable Information

Number of pages: 16 Posted: 26 Jan 2016
Josh Cherry and Lones Smith
University of Michigan at Ann Arbor - Department of Economics and University of Wisconsin at Madison - Department of Economics
Downloads 22 (507,374)
Citation 4

Abstract:

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Correlated Equilibrium, Blackwell's Theorem, Value of Information

29.

The Comparative Statics of Sorting

Number of pages: 42 Posted: 04 Jun 2019
Axel Anderson and Lones Smith
Georgetown University - Department of Economics and University of Wisconsin at Madison - Department of Economics
Downloads 3 (626,045)

Abstract:

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Matching, Sorting, Monotone Comparative Statics

30.

Frictional Matching Models

Annual Review of Economics, Vol. 3, pp. 319-338, 2011
Posted: 31 Aug 2011
Lones Smith
University of Wisconsin at Madison - Department of Economics

Abstract:

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31.

Assortative Matching and Search

MIT Department of Economics Working Paper No. 97-2
Posted: 26 Jul 2000
Robert Shimer and Lones Smith
University of Chicago - Department of Economics and University of Wisconsin at Madison - Department of Economics

Abstract:

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32.

A Graphical Depiction of the Rubinstein-Stahl Bargaining Solution

MIT Department of Economics Working Paper No. 97-1
Posted: 02 Dec 1998
Lones Smith
University of Wisconsin at Madison - Department of Economics

Abstract:

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33.

Informational Herding as Experimentation Deja Vu

MIT, Department of Economics, Working Paper No. 96-9
Posted: 02 Dec 1998
Lones Smith and Peter Norman Sorensen
University of Wisconsin at Madison - Department of Economics and University of Copenhagen - Department of Economics

Abstract:

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34.

On the Irrelevance of Trade Timing

MIT Department of Economics Working Paper No.96-6
Posted: 16 Nov 1998
Lones Smith
University of Wisconsin at Madison - Department of Economics

Abstract:

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35.

Pathological Outcomes of Observational Learning

MIT Dept of Economics Working Paper No. 96-19
Posted: 03 Sep 1997
Lones Smith and Peter Norman Sorensen
University of Wisconsin at Madison - Department of Economics and University of Copenhagen - Department of Economics

Abstract:

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36.

Private Information and Trade Timing

Posted: 23 Jul 1997
Lones Smith
University of Wisconsin at Madison - Department of Economics

Abstract:

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Social Learning in a Changing World

MIT Dept. of Economics Working Paper #96-34
Posted: 30 Jun 1997
Cowles Foundation for Research in Economics, Bocconi University - Department of Economics and University of Wisconsin at Madison - Department of Economics

Abstract:

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Social Learning in a Changing World

Economic Theory, Abstract Vol. 11 Iss. 3, 1998
Posted: 12 Aug 1998
Cowles Foundation for Research in Economics, Bocconi University - Department of Economics and University of Wisconsin at Madison - Department of Economics

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