Browsing by Author "Albert, Michael Joseph"

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    • Approximately Optimal Mechanisms With Correlated Buyer Valuations 

      Albert, Michael Joseph (2013)
      Cremer and McLean 1985 shows that if buyers valuations are suciently correlated, there is a mechanism that allows the seller to extract the full surplus from the buyers. However, in practice, we do not see the Cremer-McLean ...

    • Executive Compensation and Firm Leverage 

      Albert, Michael Joseph (2013)
      This dissertation explores the role of executive compensation in determining the capital structure decisions of a firm. CEOs experience a large personal cost of default that interacts through the risk adjusted probability ...