Related papers: Selling a Single Item with Negative Externalities
When selling information products, the seller can provide some free partial information to change people's valuations so that the overall revenue can possibly be increased. We study the general problem of advertising information products by…
Internet-of-Things (IoT) devices are known to be the source of many security problems, and as such, they would greatly benefit from automated management. This requires robustly identifying devices so that appropriate network security…
A buyer and a seller bargain over the price of an object. Both players can build reputations for being obstinate by offering the same price over time. Before players bargain, the seller decides whether to adopt a new technology that can…
Dynamic pricing is commonly used to regulate congestion in shared service systems. This paper is motivated by the fact that in the presence of users with varying price sensitivity (responsiveness), conventional monotonic pricing can lead to…
We analyze reputation dynamics in an online market for illicit drugs using a novel dataset of prices and ratings. The market is a black market, and so contracts cannot be enforced. We study the role that reputation plays in alleviating…
Smart toys have captured an increasing share of the toy market, and are growing ubiquitous in households with children. Smart toys are a subset of Internet of Things (IoT) devices, containing sensors, actuators, and/or artificial…
In the Internet of Things (IoT), heterogeneous devices connect to each other and to external systems to exchange data and provide services. Given the diversity of devices, it is becoming increasingly common to establish collaborative…
Understanding and predicting the electricity demand responses to prices are critical activities for system operators, retailers, and regulators. While conventional machine learning and time series analyses have been adequate for the routine…
The Internet of Things brings new ways to collect privacy-sensitive data from billions of devices. Well-tailored distributed ledger technologies (DLTs) can provide high transaction processing capacities to IoT devices in a decentralized…
The rapid development of "smart" devices leads to explosive growth of unprotected or partially protected home networks. These networks are easy prey for unauthorized access, the collection of personal information (including from…
In the past few years, the number of IoT devices has grown substantially, and this trend is likely to continue. An increasing amount of effort is being put into developing software for the ever-increasing IoT devices. Every IoT system at…
Foundation models - models trained on broad data that can be adapted to a wide range of downstream tasks - can pose significant risks, ranging from intimate image abuse, cyberattacks, to bioterrorism. To reduce these risks, policymakers are…
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 experience. We characterize equilibrium mechanisms of this…
Bilateral trade, a fundamental topic in economics, models the problem of intermediating between two strategic agents, a seller and a buyer, willing to trade a good for which they hold private valuations. Despite the simplicity of this…
A sender with private preferences would like to influence a receiver's action by providing information through a statistical test. The technology for information production is controlled by a monopolist intermediary, who offers a menu of…
I characterize optimal government policy in a sticky-price economy with different types of consumers and endogenous financial constraints in the banking and entrepreneurial sectors. The competitive equilibrium allocation is constrained…
We study price regulation for a monopolist operating in networked markets with demand spillovers. Achieving efficiency requires price reductions proportional to consumers' Katz-Bonacich centralities, which generally cannot be implemented by…
A decision maker typically (i) incorporates training data to learn about the relative effectiveness of treatments, and (ii) chooses an implementation mechanism that implies an ``optimal'' predicted outcome distribution according to some…
We provide a theoretical framework to examine how carbon pricing policies influence inflation and to estimate the policy-driven impact on goods prices from achieving net-zero emissions. Firms control emissions by adjusting production,…
The Internet of Things (IoT) is an exploding market as well as a important focus area for research. Security is a major issue for IoT products and solutions, with several massive problems that are still commonplace in the field. In this…