Andrzej (Andy) Skrzypacz Research


My main research interests are Economic Dynamics, Auctions, Bargaining and Repeated Games.


Published/Forthcoming Papers

"Tacit Collusion in Repeated Auctions" with Hugo Hopenhayn (2004), Journal of Economic Theory, 114 (1), pp. 153-169.
full version of the paper is Stanford GSB research paper # 1698R2, August 2001 (this version contains corrected proofs);
(Previously known as "Bidding Rings in Repeated Auctions", RCER working paper #463, July 1999)

"Uncertainty about uncertainty and delay in bargaining" with Yossi Feinberg (2005), Econometrica 73 (1) pp. 69-91.
A p
revious version (with a different set of equilibria) is: Stanford GSB Research Paper No. 1765, September 2002.

"Bidding with Securities - Auctions and Security Design" with Peter DeMarzo and Ilan Kremer (2005), American Economic Review 95 (4) pp. 936 - 959. Online Appendix
(received Best Paper award, 14th Utah Winter Finance Conference, 2004)

"Inflation and Price Setting in a Natural Experiment" with Jerzy D. Konieczny (2005), Journal of Monetary Economics 52(3), pp. 621-632. Link to the journal's website, Stanford GSB Research Paper #1695, July 2001.

"Network Externalities and Long-Run Market Shares" with Matthew Mitchell (2006), Economic Theory 29 (3) pp. 621-648.

"Dynamic signaling and market breakdown" with Ilan Kremer (2007), Journal of Economic Theory 133 (1) pp. 58-82.
Additional examples are in the working paper version
"Ratings, certifications and grades: dynamic signaling and market breakdown" Stanford GSB Research Paper No. 1814RR.

"Collusion under Monitoring of Sales" with Joseph E. Harrington, Jr. (2007), RAND Journal of Economics, 38(2), pp. 314-331.

"Impossibility of Collusion under Imperfect Monitoring with Flexible Production" with Yuliy Sannikov (2007), American Economic Review, 97(5), pp. 1794-1823.

"The role of information in repeated games with frequent actions" with Yuliy Sannikov (2010), Econometrica, 78(3), pp. 847–882 Plus, Supplementary Material with additional proofs.

"Bargaining with Arrival of New Traders" with William Fuchs (2010) American Economic Review 100 (3), pp. 802–36. ONLINE APPENDIX

"Private Monitoring and Communication in Cartels: Explaining Recent Collusive Practices" with Joseph Harrington (2011), American Economic Review 101(6), 2425–49. (Appendix)

"Using Spectrum Auctions to Enhance Competition in Wireless Services" with Peter Cramton, Evan Kwerel and Gregory Rosston (2011), Journal of Law and Economics 54(4), pp.167-188.

"Beliefs and Private Monitoring" with Christopher Phelan (2012). Review of Economic Studies 79(4), pp. 1637-1660.
This project has been previously called "Private Monitoring with Infinite Histories".
MATLAB ROUTINES to compute the belief sets described in the paper (ZIP file containing the main program and sub-routines)

"Lattice Games and the Economics of Aggregators." with Patrick Jordan, Uri Nadav, Kunal Punera, and George Varghese (2012), Proceedings of 21st International World Wide Web (WWW 2012).

"Bridging the Gap: Bargaining with Interdependent Values" with William Fuchs (2013). Forthcoming in Journal of Economic Theory. ONLINE APPENDIX

"Bargaining with Deadlines and Private Information" with William Fuchs (2013). American Economic Journal: Microeconomics 5(4): 219-43..

"Auctions with Contingent Payments - an Overview" (2013). Forthcoming in International Journal of Industrial Organization.

"Rules With Discretion and Local Information" (2013) with Renee Bowen and David Kreps. Quarterly Journal of Economics 128(3): 1273-1320. ONLINE APPENDIX

"Limited Records and Reputation Bubbles" (2013) with Qingmin Liu. Forthcoming in Journal of Economic Theory.

"Not Only What but also When - A Theory of Dynamic Voluntary Disclosure.” (2013) with Ilan Guttman and Ilan Kremer. Forthcoming in American Economic Review. ONLINE APPENDIX

"Time Horizon and Cooperation in Continuous Time" (2014) with Maria Bigoni, Marco Casari and Giancarlo Spagnolo. Forthcoming in Econometrica

Working Papers:

"A Theory of Market Pioneers, Dynamic Capabilities and Industry Evolution" with Matthew Mitchell (2014). This is a new paper and model that was motivated by our suspended paper "A Theory of Market Pioneers". (2009, revised 2011).

"Selling Information" with Johannes Hörner Cowles Foundation Discussion Paper No. 1743 (2009, revised 2012)

"Revenue Management with Forward-Looking Buyers" with Simon Board (2010, revised 2013) (previously titled "Optimal Dynamic Auctions for Durable Goods: Posted Prices and Fire-sales."

"Government Interventions in a Dynamic Market with Adverse Selection" (2014) with William Fuchs. This paper for now has replaced "Costs and Benefits of Dynamic Trading in a Lemons Market" (2012, revised 2013).

"Mechanisms for Repeated Bargaining" (2012, revised 2013) with Juuso Toikka.

"Recall and Private Monitoring" (2012, revised 2013) with Christopher Phelan.

"Transparency and Distressed Sales under Asymmetric Information" (2012, revised 2014) with William Fuchs and Aniko Öry.

"Properties of the Combinatorial Clock Auction" (2011, revised 2014 ) with Jonathan Levin. Coming soon.

"Dynamic Trading: Price Inertia, Front-Running and Relationship Banking" (2014) with Yuliy Sannikov. Coming soon (hopefully).

Unfinished projects:

"Information Aggregation and the Information Content of Order Statistics" with Ilan Kremer (2003, revised 2005).

"Auction Selection by an Informed Seller" with Ilan Kremer (March 2004).

"Bargaining under Asymmetric Information and the Hold-up Problem" (April 2004).

"Optimal selling rules for repeated transactions" with Ilan Kremer - early notes PDF

"Search, Costly Price Adjustment and the Frequency of Price Changes –Theory and Evidence.", with Jerzy D. Konieczny (first draft February 2001, current version July 2006).
This paper has both a theory part, in which we construct a market equilibrium with costly search and costly price adjustment in inflationary environment; and an empirical part, where we test some of its implications. Previous title "New Test of the Menu Cost model"

"The Behavior of Price Dispersion in a Natural Experiment", with Jerzy D. Konieczny
- Stanford GSB Research Paper No. 1641, July 2000



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