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Stephen Morris
Published Papers
Published Papers
Published Papers
Working Papers
Unpublished Papers
Working Papers Partially Incorporated in Later Work
Presentations
Past PhD Students
Published Papers
Economic Theory
Inspiring Regime Change
Journal of the European Economic Association, Forthcoming
Stephen Morris, Mehdi Shadmehr
Economic Theory, Industrial Organization
Optimal Information Disclosure in Auctions
American Economic Review 4, 371-388
Dirk Bergemann, Tibor Heumann, Stephen Morris, Constantine Sorokin, Eyal Winter
September 2022
Economic Theory
Coordination and Continuous Stochastic Choice
The Review of Economic Studies 89, 2687-2722
Stephen Morris, 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, 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, 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, Stephen Morris
November 2020
Economic Theory
Observational Implications of Non-Exponential Discounting
Revue Économique 71, 313-322
Stephen Morris, Andrew Postlewaite
January 2020
Sources
Notes on "Refinements and Higher Order Beliefs: A Unified Survey"
Economic Theory
Refinements and Higher Order Beliefs: A Unified Survey
Japanese Economic Review 71, 7-34
Atsushi Kajii, 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, Stephen Morris
March 2019
Economic Theory
Revenue Guarantee Equivalence
American Economic Review 109, 1911-1929
Dirk Bergemann, Benjamin Brooks, 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, Stephen Morris
June 2018
Sources
Online Appendix
Economic Theory, Macroeconomics
Central Bank Forward Guidance and the Signal Value of Prices
American Economic Association Papers and Proceedings 108, 572-577
Stephen Morris, Hyun Song Shin
May 2018
Economic Theory, Organizational Economics
Laws and Authority
Research in Economics 71, 32-42
George Mailath, Stephen Morris, 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, Hyun Song Shin
August 2017
Economic Theory
Belief-Free Rationalizability and Informational Robustness
Games and Economic Behavior 104, 744-759
Dirk Bergemann, 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, Stephen Morris
January 2017
Behavioral Economics, Economic Theory
Interdependent Preferences and Strategic Distinguishability
Journal of Economic Theory 168, 329-371
Dirk Bergemann, Stephen Morris, Satoru Takahashi
March 2017
Economic Theory
Bayes Correlated Equilibrium and The Comparison of Information Structures in Games
Theoretical Economics 11, 487-522
Dirk Bergemann, Stephen Morris
May 2016
Economic Theory
Common Belief Foundations of Global Games
Journal of Economic Theory 163, 826-848
Stephen Morris, Hyun Song Shin, Muhamet Yildiz
November 2015
Economic Theory, Financial Economics
Illiquidity Component of Credit Risk
International Economic Review 57, 1135-1148
Stephen Morris, Hyun Song Shin
November 2016
Economic Theory
Information Design, Bayes Persuasion and Bayes Correlated Equilibrium
American Economic Review 106, 586-591
Dirk Bergemann, 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, Hyun Song Shin
January 2016
Economic Theory, Macroeconomics
Information and Volatility
Journal of Economic Theory 158, 427-465
Dirk Bergemann, Tibor Heumann, Stephen Morris
July 2015
Economic Theory, Industrial Organization
The Limits of Price Discrimination
American Economic Review 105, 921-957
Dirk Bergemann, Benjamin Brooks, 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, Stephen Morris
July 2013
Economic Theory
Robust Mechanism Design: The Role of Private Information and Higher Order Beliefs
Dirk Bergemann, Stephen Morris
March 2012
Economic Theory, Macroeconomics
Contagious Adverse Selection
American Economic Journal: Macroeconomics 4, 1-21
Stephen Morris, 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, Olivier Tercieux
December 2011
Economic Theory
Efficient Auctions and Interdependent Types
American Economic Review 102, 319-324
Dirk Bergemann, Stephen Morris, 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, Stephen Morris
July 2013
Economic Theory
An Introduction to Robust Mechanism Design
Foundations and Trends in Microeconomics 8, 169-230
Dirk Bergemann, Stephen Morris
February 2013
Economic Theory
Rationalizable Implementation
Journal of Economic Theory 146, 1253-1274
Dirk Bergemann, Stephen Morris, Olivier Tercieux
May 2011
Economic Theory
Robust Implementation in General Mechanisms
Games and Economic Behavior 71, 261-281
Dirk Bergemann, Stephen Morris
March 2011
Economic Theory
The Robustness of Robust Implementation
Journal of Economic Theory 146, 2093-2104
Moritz Meyer-ter-Vehn, Stephen Morris
September 2011
Economic Theory
Robust Implementation in Direct Mechanisms
The Review of Economic Studies 76, 1175-1204
Dirk Bergemann, Stephen Morris
October 2009
Economic Theory
Robust Virtual Implementation
Theoretical Economics 4, 45-88
Dirk Bergemann, 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, 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, Stephen Morris
April 2008
Economic Theory, Macroeconomics
Coordinating Expectations in Monetary Policy
In Central Banks as Economic Institutions, 88-104
Stephen Morris, Hyun Song Shin
January 2008
Economic Theory
Ex Post Implementation
Games and Economic Behavior 63, 527-566
Dirk Bergemann, Stephen Morris
July 2008
Economic Theory, Financial Economics
Financial Regulation in a System Context
Brookings Papers on Economic Activity 229-261
Stephen Morris, 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, 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, Stephen Morris
May 2007
Sources
Completion of the Proof of Prop. 4
Economic Theory
Interim Correlated Rationalizability
Theoretical Economics 2, 15-40
Eddie Dekel, Drew Fudenberg, Stephen Morris
January 2007
Economic Theory, Macroeconomics
Optimal Communication
Journal of the European Economic Association Papers and Proceedings 5, 594-602
Stephen Morris, 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, Hyun Song Shin
July 2006
Economic Theory, International Economics
Catalytic Finance: When Does it Work?
Journal of International Economics 70, 161-177
Stephen Morris, Hyun Song Shin
September 2006
Economic Theory
Coordination Failure in Repeated Games with Almost-Public Monitoring
Theoretical Economics 1, 311-340
George J. Mailath, Stephen Morris
January 2006
Economic Theory, Macroeconomics
Inertia of Forward Looking Expectations
American Economic Association Papers and Proceedings 96, 152-157
Stephen Morris, Hyun Song Shin
May 2006
Economic Theory
Multidimensional Private Value Auctions
Journal of Economic Theory 126, 1-30
Hamming Fang, 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, Hui Tong
March 2006
Sources
“Topologies on types”: Correction
Economic Theory
Topologies on Types
Theoretical Economics 1, 275-309
Eddie Dekel, Drew Fudenberg, 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, Hyun Song Shin
January 2005
Economic Theory
Generalized Potentials and Robust Sets of Equilibria
Journal of Economic Theory 124, 45-78
Stephen Morris, 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, 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, Stephen Morris
January 2005
Economic Theory
Robust Mechanism Design
Econometrica 73, 1771-1813
Dirk Bergemann, Stephen Morris
November 2005
Economic Theory
Best Response Equivalence
Games and Economic Behavior 49, 260-287
Stephen Morris, Takashi Ui
November 2004
Economic Theory, Financial Economics
Coordination Risk and the Price of Debt
European Economic Review 48, 133-153
Stephen Morris, 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, Hyun Song Shin
January 2004
Economic Theory, Financial Economics
Liquidity Black Holes
Review of Finance 8, 1-18
Stephen Morris, Hyun Song Shin
March 2004
Sources
Correction
Economic Theory
Equilibrium Selection in Global Games with Strategic Complementarities
Journal of Economic Theory 108, 1-44
David M. Frankel, Stephen Morris, 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, 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, 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, Stephen Morris
August 2002
Economic Theory
Faulty Communication: Some Variations on the Electronic Mail Game
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, Stephen Morris
January 2002
Sources
Web Appendix
Economic Theory, Macroeconomics
The Social Value of Public Information
American Economic Review 92, 1521-1534
Stephen Morris, 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, 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
In NBER Macroeconomic Annual 2000 15, 139-182
Stephen Morris, 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, 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, Stephen Morris
December 1999
Economic Theory, Financial Economics
Risk Management with Interdependent Choice
Oxford Review of Economic Policy 15, 52-62
Stephen Morris, 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, Hyun Song Shin
January 1999
Sources
Comment
Economic Theory
Payoff Continuity in Incomplete Information Games
Journal of Economic Theory 82, 267-276
Atsushi Kajii, Stephen Morris
September 1998
Sources
Comment
Economic Theory, International Economics
Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks
American Economic Review 88, 587-597
Stephen Morris, 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, Hyun Song Shin
January 1997
Economic Theory
Common p-Belief: The General Case
Games and Economic Behavior 18, 73-82
Atsushi Kajii, Stephen Morris
February 1995
Behavioral Economics, Economic Theory
Rationality and Efficacy of Decisions under Uncertainty
Economic Theory 9, 309-324
Stephen Morris, Hyun Song Shin
February 1997
Economic Theory
The Revelation of Information and Self-Fulfilling Beliefs
Journal of Economic Theory 73, 231-244
Jayasri Dutta, 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, 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, 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, Stephen Morris
January 1995
Development Economics, Economic Theory, International Economics
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, 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
Sources
Correction
Economic Theory, Financial Economics
Finite Bubbles with Short Sales Constraints and Asymmetric Information
Journal of Economic Theory 61, 206-229
Franklin Allen, Stephen Morris, Andrew Postlewaite
January 1993
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, Stephen Morris
January 1990
