Related papers: Selling a Single Item with Negative Externalities
We study the information design problem in a single-unit auction setting. The information designer controls independent private signals according to which the buyers infer their binary private values. Assuming that the seller adopts the…
Herding, where investors imitate others' decisions rather than relying on their own analysis, is a prevalent phenomenon in financial markets. Excessive herding distorts rational decisions, amplifies volatility, and can be exploited by…
It is well documented that criminals use IoT devices to facilitate crimes. The review process follows a systematic approach with a clear search strategy, and study selection strategy. The review included a total of 543 articles and the…
I study how to regulate firms' access to consumer data when a regulator faces non-Bayesian uncertainty about how firms will exploit the consumer's information to segment the market and set prices. I fully characterize all worst-case optimal…
The Internet of Things (IoT) has rapidly expanded across various sectors, with consumer IoT devices - such as smart thermostats and security cameras - experiencing growth. Although these devices improve efficiency and promise additional…
When introducing a novel product, a seller sets a price and decides how much information to provide to a buyer, who may incur a search cost to discover an outside option. The buyer knows the outside option distribution; the seller knows…
Today's increasing rate of technological change results from the rapid growth in computer processing speed, when combined with the cost decline of processing capacity, and is of historical import. The daily life of billions of individuals…
The reliability and security of a user in an interconnected system depends on all users' collective effort in security. Consequently, investments in security technologies by strategic users is typically modeled as a public good problem,…
We study a repeated trading problem in which a mechanism designer facilitates trade between a single seller and multiple buyers. Our model generalizes the classic bilateral trade setting to a multi-buyer environment. Specifically, the…
The Internet of Things (IoT) envisions pervasive, connected, and smart nodes interacting autonomously while offering all sorts of services. Wide distribution, openness and relatively high processing power of IoT objects made them an ideal…
The Internet of Things (IoT) can support the evolution towards a digital and green future. However, the introduction of the technology clearly has in itself a direct adverse ecological impact. This paper assesses this impact at both the…
Bilateral trade is one of the most natural and important forms of economic interaction: A seller has a single, indivisible item for sale, and a buyer is potentially interested. The two parties typically have different, privately known…
We study the optimal mechanism design problem faced by a market intermediary who makes revenue by connecting buyers and sellers. We first show that the optimal intermediation protocol has substantial structure: it is the solution to an…
Consumer agency in the digital age is increasingly constrained by systemic barriers and algorithmic manipulation, raising concerns about the authenticity of consumption choices. Nowadays, financial decisions are shaped by external pressures…
With the expansion of the Internet of Things (IoT), the number of security incidents due to insecure and misconfigured IoT devices is increasing. Especially on the consumer market, manufacturers focus on new features and early releases at…
Academic research has highlighted the failure of many Internet of Things (IoT) product manufacturers to follow accepted practices, while IoT security best practices have recently attracted considerable attention worldwide from industry and…
A seller offers an asset in a decentralised market. Buyers have private signals about their common value. I study whether the market becomes allocatively more efficient with (i) more buyers, (ii) better-informed buyers. Both increase the…
What should regulators of complex algorithms regulate? We propose a model of oversight over 'black-box' algorithms used in high-stakes applications such as lending, medical testing, or hiring. In our model, a regulator is limited in how…
The use of IoT in society is perhaps already ubiquitous, with a vast attack surface offering multiple opportunities for malicious actors. This short paper first presents an introduction to IoT and its security issues, including an overview…
Best practices for Internet of Things (IoT) security have recently attracted considerable attention worldwide from industry and governments, while academic research has highlighted the failure of many IoT product manufacturers to follow…