Journal Publications

"Learning and Model Validation"
with Kenneth Kasa
Review of Economic Studies, 2015, Vol. 82, pp. 45-82

"An Escape Time Interpretation of Robust Control"
with Kenneth Kasa
Journal of Economic Dynamics & Control, 2014, Vol. 42, pp. 1-12

"Assessing Welfare Impact of Entry into Power Market"
with Hyunsook Kim
Energy Policy, 2013, Vol. 61, pp. 1046-1054

"Search Theoretic Foundation of Nash Bargaining Solution"
with Akihiko Matsui
Journal of Economic Theory, 2013, Vol. 148, pp. 1659-1688

"A Dynamic Foundation of the Rawlsian Maxmin Criterion"
with Akihiko Matsui
Dynamic Games and Applications, 2012, Vol. 2, No. 1, pp. 51-70

"Efficiency and Marginal Cost Pricing in Dynamic Competitive Markets with Friction"
with Sean P. Meyn
Theoretical Economics, 2010, pp. 215-239

"Model Validation Dynamics and Endogenous Currency Crises"
with Kenneth Kasa
Macroeconomic Dynamics, 2008, Vol. 12, No. 2, pp. 1-28

"Market Power and Network Constraint in a Deregulated Electricity Market"
Energy Journal, 2007, Vol. 28, No. 2, pp. 1-34

"Reliability by Design in Distributed Power Tranmission Networks"
with Sean P. Meyn and Mike Chen
Automatica, 2006, Vol. 42, pp. 1267-1281

"Learning Aspiration in Repeated Games"
with Akihiko Matsui
Journal of Economic Theory, 2006, Vol. 124, No. 2, pp. 171--201

"Escapist Policy Rules"
with James Bullard
Journal of Economic Dynamics & Control, November 2005, Vol. 29, No. 11, pp. 1841-65
Working Paper

"Rationalizability and Monotonicty in a Large First Price Auction"
Review of Economic Studies, 2005, Vol. 72, pp. 1031-1055

"Time Consistency in the Alternating Move Policy Game"
with Akihiko Matsui
Japanese Economic Review, 2005, Vol. 56, No. 3, pp. 273-294

"Competitive Equilibrium in a Radial Network"
RAND Journal of Economics, 2003, Vol. 34, No. 3, pp. 438-460

"Escaping Nash Inflation"
with Thomas J. Sargent and Noah Williams
Review of Economic Studies, 2002, Vol. 68, pp. 1-40

"Auctions and coalitions: Joint Bidding by Budget Constrained Bidders"
with Kevin Jewell and Rajiv Vohra
Economic Theory, 2002, Vol. 19, pp. 435-457

"Convergence of Least Square Learning in Discontinuous Self-Referential Stochastic Models"
Journal of Economic Theory, 2001, Vol. 101, pp. 78-114

"How Complex Are Networks Playing Repeated Games?"
with Hao Li
Economic Theory, 1999, Vol. 13, pp. 93-123

"Perceptrons Play Repeated Games with Imperfect Monitoring"
Games and Economic Behavior, 1996, Vol. 16, pp. 22-53

"On Complexity of Repeated Principal Agent Game"
Economic Theory, 1996, Vol. 7, pp. 1-17

"Perceptrons Play the Repeated Prisoners’ Dilemma"
Journal of Economic Theory, 1995, Vol. 67, pp. 266-284

"Induction and the Ramsey Policy"
with Akihiko Matsui
Journal of Economic Dynamics & Control, 1995, Vol. 19, pp. 1113-1140

"Bounded Rationality, Neural Network and Repeated Games with Discounting"
Economic Theory, 1994, Vol. 4, pp. 935-957

"Separation or Not: A Critique of ‘Appearance Based’ Selection Criteria"
Seoul Journal of Economics, 1994, Vol. 7, pp. 249-268

"Stationarity, Rationalizability and Bargaining"
Review of Economic Studies, 1994, Vol. 61, pp. 357-374

"Strategic Stability in Repeated Signaling Games"
International Journal of Game Theory, 1993, Vol. 22, pp. 107-121

"Delay and Uncertainty in Bargaining"
Review of Economic Studies, 1990, Vol. 57, pp. 575-595

"Strategic Stability and Uniqueness in Signaling Games"
with Joel Sobel
Journal of Economic Theory, 1990, Vol. 50, pp. 381-413

"A Refinement of Sequential Equilibrium"
Econometrics, 1987, Vol. 55, pp. 1367-1389

"Signaling Games and Stable Equilibria"
with David M. Kreps
Quarterly Journal of Economics, 1987, Vol. 102, pp. 179-221