Prof. Alexander Frankel

 

Working Papers

A Note on Interval Delegation (with Manuel Amador and Kyle Bagwell)
  July 2017
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Selecting Applicants
  First version posted May 2015; Updated July 2017
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Muddled Information (with Navin Kartik)
  First version July 2014; Updated March 2017
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Forthcoming and Published Papers

What Kind of Central Bank Competence? (with Navin Kartik)
  Updated September 2017
  Accepted at Theoretical Economics
  An earlier version with a different focus was circulated under the title What Kind of Transparency?
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Discounted Quotas
  Journal of Economic Theory, November 2016 [166:396-444]
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Delegating Multiple Decisions
  AEJ: Micro, November 2016 [8(4):16-53]
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This paper shows how to extend the heuristic of capping an agent against her bias to delegation problems over multiple decisions. These caps may be exactly optimal when the agent has constant biases, in which case a cap corresponds to a ceiling on the weighted average of actions. In more general settings caps give approximately first-best payoffs when there are many independent decisions. The geometric logic of a cap translates into economic intuition on how to let agents trade off increases on one action for decreases on other actions. I consider specific applications to political delegation, capital investments, monopoly price regulation, and tariff policy.

Suspense and Surprise (with Jeff Ely and Emir Kamenica)
  Online Appendix
  Journal of Political Economy, February 2015 [123(1):215-260]
    Press: New York Times, Chicago Tribune, Freakonomics (1), Freakonomics (2)
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Taxation of Couples under Assortative Mating
  AEJ: Policy, August 2014 [6(3):155-177]
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Aligned Delegation
  Online Appendix
  American Economic Review, January 2014 [104(1):66-83]
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Experts and Their Records (with Michael Schwarz)
  Economic Inquiry, January 2014 [52(1):56-71]
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