Publications
| Economic Theory Group Publications | |
| Forthcoming Papers | |
| Choquet Integration on Riesz Spaces and Dual Comonotonicity, S. Cerreia Vioglio, F. Maccheroni, M. Marinacci, and L. Montrucchio, Transactions of the American Mathematical Society Pricing Payment Cards, Ozlem Bedre-Defolie and Emilio Calvano, American Economic Journal: Microeconomics. Transparent Restrictions on Beliefs and Forward-Induction Reasoning in Games with Asymmetryc Information, P. Battigalli and A. Prestipino, The B.E. Journal of Theoretical Economics (Contributions). | |
| Selected Published Papers (Since 1999) | |
| 2013 Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis, Fabio Maccheroni, Massimo Marinacci, and Doriana Ruffino, Econometrica, 81, 855-1249, 2013. Classical Subjective Expected Utility, Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci, and Luigi Montrucchio, Proceedings of the National Academy of Sciences, 110, 6754-6759, 2013. Ambiguity and Robust Statistics, Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci, and Luigi Montrucchio, Journal of Economic Theory, 148, 974-1049, 2013. The Predictive Role of Counterfactuals, Alfredo Di Tillio, Itzhak Gilboa, and Larry Samuelson, Theory and Decision, 74, 167-182, 2013. Extremal Incentive Compatible Transfers, Nenad Kos and Matthias Messner, Journal of Economic Theory, 148, 134-164, 2013. 2012 Social Decision Theory: Choosing within and between Groups, Fabio Maccheroni, Massimo Marinacci, and Aldo Rustichini, Review of Economic Studies, 79, 1591-1636, 2012. On the computation of optimal monotone mean-variance portfolios via truncated quadratic utility, Ales Cerny, Fabio Maccheroni, Massimo Marinacci, and Aldo Rustichini, Journal of Mathematical Economics, 48, 386-395, 2012. Recursive Methods for Incentive Problems, Matthias Messner, Nicola Pavoni, and Christopher Sleet, Review of Economic Dynamics, 15, 501-525, 2012. How (Not) to Pay for Advice: A Framework for Consumer Financial Protection, Roman Inderst and Marco Ottaviani, Journal of Financial Economics, 105, 393-411, 2012. Financial Advice, Roman Inderst and Marco Ottaviani, Journal of Economic Literature, 50, 494-512, 2012. The Option to Wait in Collective Decisions and Optimal Majority Rules, Matthias Messner and Mattias K. Polborn, Journal of Public Economics, 96, 524-540, 2012. Probabilistic Sophistication, Second Order Stochastic Dominance, and Uncertainty Aversion, Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci, and Luigi Montrucchio, Journal of Mathematical Economics, 48, 271-283, 2012. Communication and efficiency in auctions, Nenad Kos, Games and Economic Behavior, 75, 233-249, 2012. On the Smooth Ambiguity Model: a Reply, Peter Klibanoff, Massimo Marinacci, and Sujoy Mukerji, Econometrica, 80, 1303-1321, 2012. Ex Ante or Ex Post Competition Policy? A Progress Report, Marco Ottaviani and Abraham Wickelgren, International Journal of Industrial Organization, 29, 356-359, 2012. Competition through Commissions and Kickbacks, Roman Inderst and Marco Ottaviani, American Economic Review, 102, 780-809. Finitely Well-Positioned Sets, Massimo Marinacci and Luigi Montrucchio, Journal of Convex Analysis, 19, 249-279, 2012. Forward Induction Reasoning Revisited, Pierpaolo Battigalli and Amanda Friedenberg, Theoretical Economics, 7, 57-98, 2012. Signed Integral Representations of Comonotonic Additive Functionals, Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci, and Luigi Montrucchio, Journal of Mathematical Analysis and Applications, 385, 895-912, 2012. 2011 Definitions of Ambiguous Events and the Smooth Ambiguity Model, Peter Klibanoff, Massimo Marinacci, and Sujoy Mukerji, Economic Theory, 48, 399-424, 2011. Rational Preferences under Ambiguity, Simone Cerreia-Vioglio, Paolo Ghirardato, Fabio Maccheroni, Massimo Marinacci, and Marciano Siniscalchi, Economic Theory, 48, 341-375, 2011. Risk Measures: Rationality and Diversification, Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci, and Luigi Montrucchio, Mathematical Finance, 21, 743-774, 2011. Uncertainty Averse Preferences, Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci, and Luigi Montrucchio, Journal of Economic Theory, 146, 1275-1330, 2011. Complete Monotone Quasiconcave Duality, Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci, and Luigi Montrucchio, Mathematics of Operations Research, 36, 321-339, 2011. A Robustness Result for Rationalizable Implementation, Alfredo Di Tillio, Games and Economic Behavior, 72, 301-305, 2011. Necessary and Sufficient Conditions for Optima in Reflexive Spaces, Massimo Marinacci and Luigi Montrucchio, SIAM Journal on Optimitazion, 21, 174-192, 2011. Interactive Epistemology and Solutions Concepts for Games with Asymmetric Information, Pierpaolo Battigalli, Alfredo Di Tillio, Edoardo Grillo, and Antonio Penta, The B.E. Journal of Theoretical Economics (Advances), 11, Article 6, 2011. 2010 Uniform Topologies on Types, Yi-Chun Chen, Alfredo Di Tillio, Eduardo Faingold, and Siyang Xiong, Theoretical Economics, 5, 445-478, 2010. Unique Solutions for Stochastic Recursive Utilities, Massimo Marinacci and Luigi Montrucchio, Journal of Economic Theory, 145, 1776-1804, 2010. Objective and Subjective Rationality in a Multiple Prior Model, Itzhak Gilboa, Fabio Maccheroni, Massimo Marinacci, and David Schmeidler, Econometrica, 78, 755-770, 2010. A Quantitative Measurement of Regret Theory, Han Bleichrodt, Alessandra Cillo, and Enrico Diecidue, Management Science, 56, 161-175, 2010. Noise, Information, and the Favorite-Longshot Bias in Parimutuel Predictions, Marco Ottaviani and Peter Sørensen, American Economic Journal: Microeconomics, 2, 58-85, 2010. 2009 Surprised by the Parimutuel Odds?, Marco Ottaviani and Peter Sørensen, American Economic Review, 99, 2129-2134, 2009. Recursive Smooth Ambiguity Preferences, Peter Klibanoff, Massimo Marinacci, and Sujoy Mukerji, Journal of Economic Theory, 144, 930-976, 2009. Portfolio Selection with Monotone Mean-Variance Preferences, Fabio Maccheroni, Massimo Marinacci, and Aldo Rustichini, Mathematical Finance, 19, 487-521, 2009. Misselling through Agents, Roman Inderst and Marco Ottaviani, American Economic Review, 99, 883-908, 2009. Disputed Lands, Marco Dall'Aglio and Fabio Maccheroni, Games and Economic Behavior, 66, 57-77, 2009. Dynamic Psychological Games, Pierpaolo Battigalli and Martin Dufwenberg, Journal of Economic Theory, 144, 1-35, 2009. Information Sharing in Common Agency: When is Transparency Good?, Norbert Maier and Marco Ottaviani, Journal of the European Economic Association, 7, 162-187, 2009. Promoting Intellectual Discovery: Patents versus Markets, Debrah Meloso, Jernej Copic, and Peter Bossaerts, Science, 323, March 6, 1335-1339, 2009. 2008 Subjective Expected Utility in Games, Alfredo Di Tillio, Theoretical Economics, 3, 287-323, 2008. Monopoly Pricing in the Binary Herding Model, Subir Bose, Gerhard Orosel, Marco Ottaviani, and Lise Vesterlund, Economic Theory, 37, 203-241, 2008. The Promise of Prediction Markets, Kenneth Arrow, Robert Forsythe, Michael Gorham, Robert Hahn, Robin Hanson, John Ledyard, Saul Levmore, Robert Litan, Paul Milgrom, Forrest Nelson, George Neumann, Marco Ottaviani, Thomas Schelling, Robert Shiller, Vernon Smith, Erik Snowberg, Cass Sunstein, Paul Tetlock, Philip Tetlock, Hal Varian, Justin Wolfers, and Eric Zitzewitz, Science, 320, May 16, 877-878, 2008. Costly Contracting in a Long-Term Relationship, Pierpaolo Battigalli and Giovanni Maggi, RAND Journal of Economics, 39, 352-377, 2008. 2007 Coarse Contingencies and Ambiguity, Larry Epstein, Massimo Marinacci, Kyoungwon Seo, Theoretical Economics, 2, 355-394, 2007. Bank Mergers and Diversification: Implications for Competition Policy, Albert Banal-Estañol and Marco Ottaviani, European Financial Management, 13, 578-590, 2007. Credulity, Lies, and Costly Talk, Navin Kartik, Marco Ottaviani, and Francesco Squintani, Journal of Economic Theory, 134, 93-116, 2007. Outcome Manipulation in CorporatePrediction Markets, Marco Ottaviani and Peter Sørensen, Journal of the European Economic Association (Papers and Proceedings), 5, 554-563, 2007. Guilt in Games, Pierpaolo Battigalli and Martin Dufwenberg, American Economic Review (Papers and Proceedings), 97, 170-176, 2007. Mutual Absolute Continuity of Multiple Priors, Larry Epstein and Massimo Marinacci, Journal of Economic Theory, 137, 716-720, 2007. Strong and Coalition-Proof Equilibria under Plurality and Runoff Rule, Matthias Messner and Mattias K. Polborn, International Journal of Game Theory, 35, 287-315, 2007. 2006 Naive Audience and Communication Bias, Marco Ottaviani and Francesco Squintani, International Journal of Game Theory, 35, 129-150, 2006. Dynamic Monopoly Pricing and Herding, Subir Bose, Gerhard Orosel, Marco Ottaviani, and Lise Vesterlund, RAND Journal of Economics, 37, 912-928, 2006. Disappointment without Prior Expectation: A Unifying Perspective on Decision under Risk, Philippe Delquié and Alessandra Cillo, Journal of Risk and Uncertainty, 33, 197-215, 2006. Mergers with Product Market Risk, Albert Banal-Estañol and Marco Ottaviani, Journal of Economics & Management Strategy, 15, 577-608, 2006. Ambiguity Aversion, Robustness, and the Variational Representation of Preferences, Fabio Maccheroni, Massimo Marinacci, and Aldo Rustichini, Econometrica, 74, 1447-1498, 2006. The Strategy of Professional Forecasting, Marco Ottaviani and Peter Sørensen, Journal of Financial Economics, 81, 441-466, 2006. Applying the Benchmarking Procedure: A Decision Criterion of Choice under Risk, Francesca Beccacece and Alessandra Cillo, Theory and Decision, 61, 75-91, 2006. Reputational Cheap Talk, Marco Ottaviani and Peter Sørensen, RAND Journal of Economics, 37, 155-175, 2006. Expectations, Disappointment, and Rank-Dependent Probability Weighting, Philippe Delquié and Alessandra Cillo, Theory and Decision, 60, 193-206, 2006. When an Event Makes a Difference, Massimiliano Amarante and Fabio Maccheroni, Theory and Decision, 60, 119-126, 2006. Dynamic Variational Preferences, Fabio Maccheroni, Massimo Marinacci, and Aldo Rustichini, Journal of Economic Theory, 128, 4-44, 2006. Cores of Non-atomic Market Games, Massimiliano Amarante, Fabio Maccheroni, Massimo Marinacci, and Luigi Montrucchio, International Journal of Game Theory, 34, 399-424, 2006. Professional Advice, Marco Ottaviani and Peter Sørensen, Journal of Economic Theory, 126, 120-142, 2006. 2005 A Smooth Model of Decision Making under Ambiguity, Peter Klibanoff, Massimo Marinacci, and Sujoy Mukerji, Econometrica, 73, 1849-1892, 2005. Ultramodular Functions, Massimo Marinacci and Luigi Montrucchio, Mathematics of Operations Research, 30, 311-332, 2005. Stable Cores of Large Games, Massimo Marinacci and Luigi Montrucchio, International Journal of Game Theory, 33, 189-213, 2005. A Strong Law of Large Numbers for Capacities, Fabio Maccheroni and Massimo Marinacci, Annals of Probability, 33, 1171-1178, 2005. Certainty Independence and the Separation of Utility and Beliefs, Paolo Ghirardato, Fabio Maccheroni, and Massimo Marinacci, Journal of Economic Theory, 120, 129-136, 2005. Monotone Continuous Multiple Priors, Alain Chateauneuf, Fabio Maccheroni, Massimo Marinacci, and Jean-Marc Tallon, Economic Theory, 26, 973-982, 2005. The Transition to Digital Television Jérome Adda and Marco Ottaviani, Economic Policy, 41, 160-209, 2005. 2004 Paying Politicians, Matthias Messner and Mattias K. Polborn, Journal of Public Economics, 88, 2423-2445, 2004. Differentiating Ambiguity and Ambiguity Attitude, Paolo Ghirardato, Fabio Maccheroni, and Massimo Marinacci, Journal of Economic Theory, 118, 133-173, 2004. Choquet Insurance Pricing: a Caveat, Erio Castagnoli, Fabio Maccheroni, and Massimo Marinacci, Mathematical Finance, 14, 481-485, 2004. Voting on Majority Rules, Matthias Messner and Mattias K. Polborn, Review of Economic Studies, 71, 115-132, 2004. A Characterization of the Core of Convex Games through Gateaux Derivatives, Massimo Marinacci and Luigi Montrucchio, Journal of Economic Theory, 116, 229-248, 2004. Expected Utility Theory without the Completeness Axiom, Efe Ok, Fabio Maccheroni, and Juan Dubra, Journal of Economic Theory, 115, 118-133, 2004. Yaari's Dual Theory without the Completeness Axiom, Fabio Maccheroni, Economic Theory, 23, 701-714, 2004. A Note on One-Shot Public Mediated Talk, Alfredo Di Tillio, Games and Economic Behavior, 46, 425-433, 2004. 2003 Rationalizable Bidding in First Price Auctions, Pierpaolo Battigalli and Marciano Siniscalchi, Games and Economic Behavior, 45, 38-72, 2003. Subjective Foundations for Objective Randomization: A New Spin on Roulette Wheels, Paolo Ghirardato, Fabio Maccheroni, Massimo Marinacci, and Marciano Siniscalchi, Econometrica, 71, 1897-1908, 2003. Rationalization and Incomplete Information, Pierpaolo Battigalli and Marciano Siniscalchi, The B.E. Journal of Theoretical Economics (Advances), 3, Article 3, 2003. Cooperation in Stochastic OLG Games, Matthias Messner and Mattias K. Polborn, Journal of Economic Theory, 108, 152-168, 2003. Subcalculus for Set Functions and Cores of TU Games, Massimo Marinacci and Luigi Montrucchio, Journal of Mathematical Economics, 39, 1-25, 2003. 2002 Strong Belief and Forward Induction Reasoning, Pierpaolo Battigalli and Marciano Siniscalchi, Journal of Economic Theory, 106, 356-391, 2002. Maxmin under Risk, Fabio Maccheroni, Economic Theory, 19, 823-831, 2002. Ambiguity Made Precise: A Comparative Foundation, Paolo Ghirardato, and Massimo Marinacci, Journal of Economic Theory, 102, 251-289, 2002. Rigidity, Discretion, and the Cost of Writing Contracts, Pierpaolo Battigalli and Giovanni Maggi, American Economic Review, 92, 798-817, 2002. Probabilistic Sophistication and Multiple Priors, Massimo Marinacci, Econometrica, 70, 755-764, 2002. 2001 Price Competiotion for an Informed Buyer, Giuseppe Moscarini and Marco Ottaviani, Journal of Economic Theory, 101, 457-493, 2001. The Value of Public Information in Monopoly, Marco Ottaviani and Andrea Prat, Econometrica, 69, 1673-1683, 2001. Information Aggregation in Debate: Who Should Speak First?, Marco Ottaviani and Peter Sørensen, Journal of Public Economics, 81, 393-421, 2001. Risk, Ambiguity, and the Separation of Utility and Beliefs, Paolo Ghirardato and Massimo Marinacci, Mathematics of Operations Research, 26, 864-890, 2001. Range Convexity and Ambiguity Averse Preferences, Paolo Ghirardato and Massimo Marinacci, Economic Theory, 17, 599-617, 2001. 2000 Ambiguous Games, Massimo Marinacci, Games and Economic Behavior, 31, 191-219, 2000. The Impossibility of Compromise: Some Uniqueness Properties of Expected Utility Preferences, Paolo Ghirardato and Massimo Marinacci, Economic Theory, 16, 245-258, 2000. Herd Behavior and Investment: Comment, Marco Ottaviani and Peter Sørensen, American Economic Review, 99, 695-704, 2000. Restricting Independence to Convex Cones, Erio Castagnoli and Fabio Maccheroni, Journal of Mathematical Economics, 34, 215-223, 2000. 1999 Hierarchies of Conditional Beliefs and Interactive Epistemology in Dynamic Games, Pierpaolo Battigalli and Marciano Siniscalchi, Journal of Economic Theory, 88, 188-230, 1999. Limit Laws for Non-Additive Probabilities, and Their Frequentist Interpretation, Massimo Marinacci, Journal of Economic Theory, 84, 145-195, 1999. | |
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