• Jeff Ely

Let's Hope Not

Updated: Jun 23, 2020

My response to Alex Tabarrok and Tyler Cowen's persuasive argument that advances in information technology may allude to the end of asymmetric information. I discuss several caveats to their conclusions.

Read here.

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Joint with George Georgiads, Sina Khorasani and Luis Rayo We derive optimal contests for environments where output takes the form of breakthroughs and the principal has an informational advantage ove