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econ.TH2025
Bundling against Learning
Agathe Pernoud, Frank Yang
A monopolist sells multiple goods to an uninformed buyer. The buyer chooses to learn any one-dimensional linear signal of his values for the goods, anticipating the seller's mechan…
econ.GN2025
Optimal Regulation and Investment Incentives in Financial Networks
Matthew O. Jackson, Agathe Pernoud
We examine optimal regulation of financial networks with debt interdependencies between financial firms. We first show that firms often have an incentive to choose excessively risk…