2 papers
econ.TH2026
Designing Signals for Deterrence
Hiroto Sawada, Raphael Boleslavsky, Kristopher W. Ramsay +1
States and alliances spend enormous resources signaling resolve to deter adversaries. Two canonical strategies are burning money (sunk costs) and burning bridges (audience costs).…
econ.TH2026
Algorithm Transparency and Search Manipulation: Steering vs. Persuasion
Raphael Boleslavsky, Thomas Jungbauer, Mehdi Shadmehr
We study a platform that prefers to sell the more profitable of two products. It designs an algorithm that determines the product the consumer encounters first, conditional on her…