Source Themes

Seeding Awareness for Social Learning in a Competitive Market

Evaluating Ambiguity and Attitude Polarization

Delegated Cheap Talk: A Theory of Investment Banking (Job Market Paper)

We study the role of investment banking as delegated cheap talk. In our model of initial public offering (IPO), two parties have conflicting interests: a seller wants to sell his firm, whereas a buyer wants to invest only in a good firm. All …