We study repeated Bayesian games with communication and observable actions in which the players’ privately known payoffs evolve according to an irreducible Markov chain whose transitions are independent across players. ...

This paper presents a model of the interactions between a dictator and a mass of citizens in which the dictator might have an incentive to use hidden repression. Most papers on political economy of dictatorships assume ...

Bulow and Rogoff (1989) proved that, in a competitive financial market, the threat of credit exclusion alone cannot sustain repayment of sovereign debt, as the defaulting government can still enter cash-in-advance insurance ...

Nós consideramos um modelo de leilões com divisão de prêmios com dois participantes ex-ante idênticos privadamente informados cuja informação privada afeta seus custos de produção das quantias designadas. Podemos interpretar ...

Las finanzas comportamentales retan los supuestos de racionalidad en la toma de decisiones financieras, pues asumen que la forma en la cual se presenta la información determina la decisión. El objetivo de esta investigación ...