15 citations · 15 across the 2 of their papers we have counts for
5 papers
Dynamic R&D Competition under Uncertainty and Strategic Disclosure
Yangbo Song, Mofei Zhao
We study a model of dynamic two-stage R&D competition where the competing firms are uncertain about the difficulty of the first stage. Staying in the competition is costly and a fi…
Why Scientists Chase Big Problems: Individual Strategy and Social Optimality
Carl T. Bergstrom, Jacob G. Foster, Yangbo Song
Scientists pursue collective knowledge, but they also seek personal recognition from their peers. When scientists decide whether or not to work on a big new problem, they weigh the…
Social Learning with Coordination Motives
Yangbo Song
The theoretical study of social learning typically assumes that each agent's action affects only her own payoff. In this paper, I present a model in which agents' actions directly…
Dynamic Network Formation with Foresighted Agents
Yangbo Song, Mihaela van der Schaar
What networks can form and persist when agents are self-interested? Can such networks be efficient? A substantial theoretical literature predicts that the only networks that can fo…
Social Learning with Endogenous Network Formation
Yangbo Song
I study the problem of social learning in a model where agents move sequentially. Each agent receives a private signal about the underlying state of the world, observes the past ac…