Publications

Economic Theory

Repression and Repertoires

American Economic Review: Insights 6, 13–33

Stephen Morris, Mehdi Shadmehr

September 2024

Economic Theory

Implementation via Information Design in Binary‐Action Supermodular Games

Econometrica 93, 775-813

Stephen Morris, Daisuke Oyama and Satoru Takahashi,

Economic Theory

Strict Robustness to Incomplete Information

Japanese Economic Review 74, 357-376

Stephen Morris, Daisuke Oyama and Satoru Takahashi

June 2023

Economic Theory, Political Economy

Inspiring Regime Change

Journal of the European Economic Association 21, 2635-2681

Stephen Morris and Mehdi Shadmehr

Economic Theory, Industrial Organization

Optimal Information Disclosure in Classic Auctions

American Economic Review 4, 371-388

Dirk Bergemann, Tibor Heumann, Stephen Morris, Constantine Sorokin and Eyal Winter

September 2022

Economic Theory

Coordination and Continuous Stochastic Choice

Review of Economic Studies 89, 2687-2722

Stephen Morris and Ming Yang

October 2022

Econometrics, Economic Theory

Counterfactuals with Latent Information

American Economic Review 112, 343-368

Dirk Bergemann, Benjamin Brooks and Stephen Morris

January 2022

Economic Theory, Industrial Organization

Search, Information, and Prices

Journal of Political Economy 129, 2275-2319

Dirk Bergemann, Benjamin Brooks and Stephen Morris

August 2021

Economic Theory, Industrial Organization, Macroeconomics

Information, Market Power and Price Volatility

RAND Journal of Economics 52, 125-150

Dirk Bergemann, Tibor Heumann and Stephen Morris

March 2021

Economic Theory

Countering the Winner’s Curse: Optimal Auction Design in a Common Value Model

Theoretical Economics 15, 1399-1434

Dirk Bergemann, Benjamin Brooks and Stephen Morris

November 2020

Economic Theory

Observational Implications of Non-Exponential Discounting

Revue Économique 71, 313-322

Stephen Morris and Andrew Postlewaite

January 2020

Economic Theory

Refinements and Higher Order Beliefs: A Unified Survey

Japanese Economic Review 71, 7-34

Atsushi Kajii and Stephen Morris

December 2019

Economic Theory, Macroeconomics

Crises: Equilibrium Shifts and Large Shocks

American Economic Review 109, 2823–2854

Stephen Morris and Muhamet Yildiz

August 2019

Economic Theory

Information Design: A Unified Perspective

Journal of Economic Literature 57, 44-95

Dirk Bergemann and Stephen Morris

March 2019

Economic Theory

Revenue Guarantee Equivalence

American Economic Review 109, 1911-1929

Dirk Bergemann, Benjamin Brooks and Stephen Morris

May 2019

Economic Theory

First Price Auction with General Information Structures: A Short Introduction

SIGEcom Exchanges 16, 27-37

Dirk Bergemann, Benjamin Brooks and Stephen Morris

June 2018

Economic Theory, Macroeconomics

Central Bank Forward Guidance and the Signal Value of Prices

American Economic Association Papers and Proceedings 108, 572-577

Stephen Morris and Hyun Song Shin

May 2018

Economic Theory, Organizational Economics

Laws and Authority

Research in Economics 71, 32-42

George Mailath, Stephen Morris and Andrew Postlewaite

January 2017

Economic Theory, International Economics

Redemption Risk and Cash Hoarding by Asset Managers

Journal of Monetary Economics 89, 71-87

Stephen Morris, Ilhyock Shim and Hyun Song Shin

August 2017

Economic Theory

Belief-Free Rationalizability and Informational Robustness

Games and Economic Behavior 104, 744-759

Dirk Bergemann and Stephen Morris

July 2017

Economic Theory

First Price Auctions with General Information Structures: Implications for Bidding and Revenue

Econometrica 85, 107-143

Dirk Bergemann, Benjamin Brooks and Stephen Morris

January 2017

Behavioral Economics, Economic Theory

Interdependent Preferences and Strategic Distinguishability

Journal of Economic Theory 168, 329-371

Dirk Bergemann, Stephen Morris and Satoru Takahashi

March 2017

Economic Theory

Bayes Correlated Equilibrium and The Comparison of Information Structures in Games

Theoretical Economics 11, 487-522

Dirk Bergemann and Stephen Morris

May 2016

Economic Theory

Common Belief Foundations of Global Games

Journal of Economic Theory 163, 826-848

Stephen Morris, Hyun Song Shin and Muhamet Yildiz

November 2015

Economic Theory, Financial Economics

Illiquidity Component of Credit Risk

International Economic Review 57, 1135-1148

Stephen Morris and Hyun Song Shin

November 2016

Economic Theory

Information Design, Bayesian Persuasion and Bayes Correlated Equilibrium

American Economic Review 106, 586-591

Dirk Bergemann and Stephen Morris

May 2016

Economic Theory, Financial Economics, Macroeconomics

Risk Premium Shifts and Monetary Policy: A Coordination Approach

In Monetary Policy through Asset Markets: Lessons from Unconventional Measures and Implications for an Integrated World, 131-148

Stephen Morris and Hyun Song Shin

January 2016

Economic Theory, Macroeconomics

Information and Volatility

Journal of Economic Theory 158, 427-465

Dirk Bergemann, Tibor Heumann and Stephen Morris

July 2015

Economic Theory, Industrial Organization

The Limits of Price Discrimination

American Economic Review 105, 921-957

Dirk Bergemann, Benjamin Brooks and Stephen Morris

March 2015

Economic Theory

Coordination, Timing and Common Knowledge

Research in Economics 68, 306-314

Stephen Morris

December 2014

Economic Theory, Industrial Organization

Robust Predictions in Games of Incomplete Information

Econometrica 81, 1251-1308

Dirk Bergemann and Stephen Morris

July 2013

Economic Theory, Macroeconomics

Contagious Adverse Selection

American Economic Journal: Macroeconomics 4, 1-21

Stephen Morris and Hyun Song Shin

January 2012

Economic Theory

Robust Rationalizability under Almost Common Certainty of Payoffs

The Japanese Economic Review 63, 57-67

Stephen Morris, Satoru Takahashi and Olivier Tercieux

December 2011

Economic Theory

Efficient Auctions and Interdependent Types

American Economic Review 102, 319-324

Dirk Bergemann, Stephen Morris and Satoru Takahashi

May 2012

Economic Theory

A Foundation for Markov Equilibria in Sequential Games with Finite Social Memory

The Review of Economic Studies 80, 925-948

V. Bhaskar, George J. Mailath and Stephen Morris

July 2013

Economic Theory

An Introduction to Robust Mechanism Design

Foundations and Trends in Microeconomics 8, 169-230

Dirk Bergemann and Stephen Morris

February 2013

Economic Theory

Rationalizable Implementation

Journal of Economic Theory 146, 1253-1274

Dirk Bergemann, Stephen Morris and Olivier Tercieux

May 2011

Economic Theory

Robust Implementation in General Mechanisms

Games and Economic Behavior 71, 261-281

Dirk Bergemann and Stephen Morris

March 2011

Economic Theory

The Robustness of Robust Implementation

Journal of Economic Theory 146, 2093-2104

Moritz Meyer-ter-Vehn and Stephen Morris

September 2011

Economic Theory

Robust Implementation in Direct Mechanisms

The Review of Economic Studies 76, 1175-1204

Dirk Bergemann and Stephen Morris

October 2009

Economic Theory

Robust Virtual Implementation

Theoretical Economics 4, 45-88

Dirk Bergemann and Stephen Morris

January 2009

Economic Theory, Financial Economics, International Economics

Risk and Wealth in a Model of Self-Fulfilling Currency Attacks

Journal of Monetary Economics 54, 2205-2230

Bernardo Guimaraes and Stephen Morris

November 2007

Economic Theory

The Role of the Common Prior in Robust Implementation

Journal of the European Economic Association 6 , 551-559

Dirk Bergemann and Stephen Morris

April 2008

Economic Theory, Macroeconomics

Coordinating Expectations in Monetary Policy

In Central Banks as Economic Institutions, 88-104

Stephen Morris and Hyun Song Shin

January 2008

Economic Theory

Ex Post Implementation

Games and Economic Behavior 63, 527-566

Dirk Bergemann and Stephen Morris

July 2008

Economic Theory, Financial Economics

Financial Regulation in a System Context

Brookings Papers on Economic Activity 229-261

Stephen Morris and Hyun Song Shin

September 2008

Economic Theory

Global Games

In The New Palgrave Dictionary of Economics 3, 676-681, 2nd edition

Stephen Morris

January 2008

Economic Theory

Purification

In The New Palgrave Dictionary of Economics 6, 779-782, 2nd edition

Stephen Morris

January 2008

Economic Theory

Purification in the Infinitely Repeated Prisoners' Dilemma

Review of Economic Dynamics 11, 515-528

V. Bhaskar, George J. Mailath and Stephen Morris

July 2008

Economic Theory

An Ascending Auction for Interdependent Values: Uniqueness and Robustness to Strategic Uncertainty

American Economic Association Papers and Proceedings 97, 125-130

Dirk Bergemann and Stephen Morris

May 2007

Economic Theory

Interim Correlated Rationalizability

Theoretical Economics 2, 15-40

Eddie Dekel, Drew Fudenberg and Stephen Morris

January 2007

Economic Theory, Macroeconomics

Optimal Communication

Journal of the European Economic Association Papers and Proceedings 5, 594-602

Stephen Morris and Hyun Song Shin

May 2007

Economic Theory, Financial Economics

Beauty Contests and Iterated Expectations in Asset Markets

Review of Financial Studies 19, 719-752

Franklin Allen, Stephen Morris and Hyun Song Shin

July 2006

Economic Theory, International Economics

Catalytic Finance: When Does it Work?

Journal of International Economics 70, 161-177

Stephen Morris and Hyun Song Shin

September 2006

Economic Theory

Coordination Failure in Repeated Games with Almost-Public Monitoring

Theoretical Economics 1, 311-340

George J. Mailath and Stephen Morris

January 2006

Economic Theory, Macroeconomics

Inertia of Forward Looking Expectations

American Economic Association Papers and Proceedings 96, 152-157

Stephen Morris and Hyun Song Shin

May 2006

Economic Theory

Multidimensional Private Value Auctions

Journal of Economic Theory 126, 1-30

Hamming Fang and Stephen Morris

January 2006

Economic Theory, Macroeconomics

Social Value of Information: Morris and Shin (2002) is Actually Pro Transparency, Not Con: Reply

American Economic Review 96, 453-455

Stephen Morris, Hyun Song Shin and Hui Tong

March 2006

Economic Theory

Topologies on Types

Theoretical Economics 1, 275-309

Eddie Dekel, Drew Fudenberg and Stephen Morris

January 2006

Economic Theory, Financial Economics, Macroeconomics

Central Bank Transparency and the Signal Value of Prices

Brookings Papers on Economic Activity 2005, 1-66

Stephen Morris and Hyun Song Shin

January 2005

Economic Theory

Generalized Potentials and Robust Sets of Equilibria

Journal of Economic Theory 124, 45-78

Stephen Morris and Takashi Ui

September 2005

Economic Theory

Heterogeneity and Uniqueness in Interaction Games

In The Economy as an Evolving Complex System III, 207-242

Stephen Morris and Hyun Song Shin

January 2005

Economic Theory, Political Economy

Policy Conditionality

In Globalization and the Nation State: The Impact of the IMF and World Bank, 36-50

Stephen Coate and Stephen Morris

January 2005

Economic Theory

Robust Mechanism Design

Econometrica 73, 1771-1813

Dirk Bergemann and Stephen Morris

November 2005

Economic Theory

Best Response Equivalence

Games and Economic Behavior 49, 260-287

Stephen Morris and Takashi Ui

November 2004

Economic Theory, Financial Economics

Coordination Risk and the Price of Debt

European Economic Review 48, 133-153

Stephen Morris and Hyun Song Shin

February 2004

Economic Theory, International Economics

Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders

The Review of Economic Studies 71, 87-113

Giancarlo Corsetti, Amil Dasgupta, Stephen Morris and Hyun Song Shin

January 2004

Economic Theory, Financial Economics

Liquidity Black Holes

Review of Finance 8, 1-18

Stephen Morris and Hyun Song Shin

March 2004

Economic Theory

Equilibrium Selection in Global Games with Strategic Complementarities

Journal of Economic Theory 108, 1-44

David M. Frankel, Stephen Morris and Ady Pauzner

January 2003

Economic Theory

Global Games: Theory and Applications

In Advances in Economics and Econometrics (Proceedings of the Eighth World Congress of the Econometric Society) 1, 56-114

Stephen Morris and Hyun Song Shin

January 2003

Economic Theory, Macroeconomics

Communication and Monetary Policy

Oxford Review of Economic Policy 18, 495-503

Jeffery D. Amato, Stephen Morris and Hyun Song Shin

December 2002

Economic Theory

Coordination, Communication and Common Knowledge: A Retrospective on the Electronic-Mail Game

Oxford Review of Economic Policy 18, 433-445

Stephen Morris

December 2002

Economic Theory

Coordination, Spillovers and Cheap Talk

Journal of Economic Theory 105, 450-468

Sandeep Baliga and Stephen Morris

August 2002

Economic Theory

Faulty Communication: Some Variations on the Electronic Mail Game

B.E.Press Advances in Theoretical Economics 1, 1-26

Stephen Morris

January 2002

Economic Theory

Repeated Games with Almost-Public Monitoring

Journal of Economic Theory 102, 189-228

George J. Mailath and Stephen Morris

January 2002

Economic Theory, Macroeconomics

The Social Value of Public Information

American Economic Review 92, 1521-1534

Stephen Morris and Hyun Song Shin

December 2002

Economic Theory, Financial Economics

Game Theory Models In Finance

In Game Theory and Business Applications 35, 17-48

Franklin Allen and Stephen Morris

January 2001

Economic Theory, Political Economy

Political Correctness

Journal of Political Economy 109, 231-265

Stephen Morris

April 2001

Economic Theory, Macroeconomics

Rethinking Multiple Equilibria in Macroeconomics

NBER Macroeconomic Annual 2000 15, 139-182

Stephen Morris and Hyun Song Shin

January 2001

Economic Theory

Contagion

The Review of Economic Studies 67, 57-78

Stephen Morris

January 2000

Economic Theory

Rationalizable Trade

Games and Economic Behavior 31, 311-323

Stephen Morris and Costis Skiadas

May 2000

Economic Theory

Approximate Common Knowledge Revisited

International Journal of Game Theory 28, 385-408

Stephen Morris

August 1999

Economic Theory, Political Economy

Policy Persistence

American Economic Review 89, 1327-1336

Stephen Coate and Stephen Morris

December 1999

Economic Theory, Financial Economics

Risk Management with Interdependent Choice

Oxford Review of Economic Policy 15, 52-62

Stephen Morris and Hyun Song Shin

September 1999

Economic Theory, International Economics

A Theory of the Onset of Currency Attacks

In The Asian Financial Crisis: Causes, Contagion and Consequences

Stephen Morris and Hyun Song Shin

January 1999

Economic Theory

Payoff Continuity in Incomplete Information Games

Journal of Economic Theory 82, 267-276

Atsushi Kajii and Stephen Morris

September 1998

Economic Theory, International Economics

Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks

American Economic Review 88, 587-597

Stephen Morris and Hyun Song Shin

June 1998

Economic Theory

Alternative Notions of Knowledge

In Epistemic Logic and the Theory of Games and Decisions, 217-234

Stephen Morris

January 1997

Economic Theory

Approximate Common Knowledge and Co-ordination: Recent Lessons from Game Theory

Journal of Logic, Language and Information 6, 171-190

Stephen Morris and Hyun Song Shin

January 1997

Economic Theory

Common p-Belief: The General Case

Games and Economic Behavior 18, 73-82

Atsushi Kajii and Stephen Morris

February 1995

Behavioral Economics, Economic Theory

The Rationality and Efficacy of Decisions under Uncertainty

Economic Theory 9, 309-324

Stephen Morris and Hyun Song Shin

February 1997

Economic Theory

The Revelation of Information and Self-Fulfilling Beliefs

Journal of Economic Theory 73, 231-244

Jayasri Dutta and Stephen Morris

January 1997

Economic Theory

Risk, Uncertainty and Hidden Information

Theory and Decision 42, 235-269

Stephen Morris

January 1997

Economic Theory

The Robustness of Equilibria to Incomplete Information

Econometrica 65, 1283-1309

Atsushi Kajii and Stephen Morris

January 1997

Economic Theory

The Logic of Belief and Belief Change: A Decision Theoretic Approach

Journal of Economic Theory 69, 1-23

Stephen Morris

January 1996

Economic Theory, Financial Economics

Speculative Investor Behavior and Learning

The Quarterly Journal of Economics 111, 1111-1133

Stephen Morris

January 1996

Economic Theory

The Common Prior Assumption in Economic Theory

Economics and Philosophy 11, 227-253

Stephen Morris

January 1995

Economic Theory

Depth of Knowledge and the Effect of Higher Order Uncertainty

The Journal of Economic Theory 6, 453-467

Stephen Morris, Andrew Postlewaite and Hyun Song Shin

January 1995

Economic Theory, Political Economy

On the Form of Transfers to Special Interests

Journal of Political Economy 103, 1210-1235

Stephen Coate and Stephen Morris

January 1995

Development Economics, Economic Theory, International Economics, Macroeconomics

Inflation Dynamics and the Parallel Market for Foreign Exchange

Journal of Development Economics 46, 295-316

Stephen Morris

January 1995

Economic Theory

p-Dominance and Belief Potential

Econometrica 63, 145-157

Stephen Morris, Rafael Rob and Hyun Song Shin

January 1995

Economic Theory

Revising Knowledge: A Hierarchical Approach

In Theoretical Aspects of Reasoning about Knowledge, Proceedings of the Fifth Conference, 160-174

Stephen Morris

January 1994

Behavioral Economics, Economic Theory

Trade with Heterogeneous Prior Beliefs and Asymmetric Information

Econometrica 62, 1327-1347

Stephen Morris

January 1994

Economic Theory, Financial Economics

Finite Bubbles with Short Sales Constraints and Asymmetric Information

Journal of Economic Theory 61, 206-229

Franklin Allen, Stephen Morris and Andrew Postlewaite

January 1993

Development Economics, International Economics, Macroeconomics, Public Economics

Fiscal Stabilization and Exchange Rate Instability: A Theoretical Approach and Some Policy Conclusions using Mexican Data

Journal of Public Economics 42, 329-356

Andrew Feltenstein and Stephen Morris

January 1990

Economic Theory

Robust Mechanism Design: The Role of Private Information and Higher Order Beliefs

World Scientific

Dirk Bergemann and Stephen Morris

March 2012

Forthcoming Papers

Published Papers

Books