Publications

Economic Theory, Political Economy

Repression and Repertoires

American Economic Review: Insights, forthcoming

Stephen Morris and Mehdi Shadmehr

Economic Theory

Implementation via Information Design in Binary‐Action Supermodular Games

Econometrica, Forthcoming

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