5 papers · 1 filter
Solving Problems of Unknown Difficulty
Nicholas Wu
This paper studies how uncertainty about problem difficulty shapes problem-solving strategies. I develop a dynamic model where an agent solves a problem by brainstorming approaches…
From Doubt to Devotion: Trials and Learning-Based Pricing
Tan Gan, Nicholas Wu
An informed seller designs a dynamic mechanism to sell an experience good. The seller has partial information about the product match, which affects the buyer's private consumption…
Maximal Procurement under a Budget
Nicole Immorlica, Nicholas Wu, Brendan Lucier
We study the problem of a principal who wants to influence an agent's observable action, subject to an ex-post budget. The agent has a private type determining their cost function.…
Sharing Credit for Joint Research
Nicholas Wu
How can one efficiently share payoffs with collaborators when participating in risky research? First, I show that efficiency can be achieved by allocating payoffs asymmetrically be…
How Do Digital Advertising Auctions Impact Product Prices?
Dirk Bergemann, Alessandro Bonatti, Nicholas Wu
We present a model of digital advertising with three key features: (i) advertisers can reach consumers on and off a platform, (ii) additional data enhances the value of advertiser-…