Philippe Jehiel

Address: PSE, 48 Bd Jourdan, 75014 Paris, France




Working papers and publications

Bounded Rationality and Learning

           Limited Horizon Forecast in Repeated Alternate Games   JET 1995

           Learning to Play Limited Forecast Equilibria, GEB 1998

           Limited Foresight May Force Cooperation RES 2001

Analogy-Based Expectation Equilibrium  JET 2005

Learning to Play Games in Extensive Form by Valuation (with Dov Samet) JET 2005

Valuation Equilibrium (with Dov Samet) Theoretical Economics 2007

Revisiting Games of Incomplete Information with Analogy-based Expectations (with Frederic Koessler)  Games and Economic Behavior 2008

A Theory of Deception  (with David Ettinger) American Economic Journal: Microeconomics 2010

Bounded Rationality and Imperfect Learning: Game Theory vs AI  Greek Economic Review 2004

Smoking today or stopping tomorrow: A limited foresight perspective (with Andrew Lilico) Cesifo Studies 2010

Feedback Spillover and Analogy-based Expectations: a Multi-Game Experiment (with Steffen Huck and Tom Rutter) Games and Economic Behavior 2011

Manipulative Auction Design  Theoretical Economics 2011

Reputation with analogical reasoning (with Larry Samuelson) Quarterly Journal of Economics 2012

Social Learning with Coarse Inference (with Antonio Guarino) AEJ: Micro 2013

On Absolute auctions and secret reserve prices (with Laurent Lamy) Rand Journal of Economics 2015

Public statistics and private experience : Varying feedback information in a take or pass game (with Steffen Huck) German Economic Review 2016

Financial  reporting and market efficiency with extrapolative investors (with Milo Bianchi) JET 2015


Bubbles and Crashes with Partially Sophisticated Investors (with Milo Bianchi)

An experiment on deception, reputation and trust (with David Ettinger)

Updating ambiguous beliefs in a social learning experiment ( with Roberat De Fillipis, Antonio Guarino and Toru Kitagawa)

Pooling cherries and lemons: Some simple economics of complex financial products (with Milo Bianchi)

Investment strategy and selection bias: An equilibrium perspective on overoptimism (old version here)




Auctions and Mechanism Design

Efficient Design with Interdependent Valuations (with Benny Moldovanu) Econometrica 2001

On the Value of Competition in Procurement Auctions (with Olivier Compte) Econometrica 2002

An Economic Persppective on Auctions (with Benny Moldovanu) Economic Policy 2003

Designing an Efficient Private Industry (with Benny Moldovanu) JEEA Papers and Proceedings 2004

The Wait and See Strategy in Ascending Auctions (with Olivier Compte) JEEA Papers and Proceedings 2004

Partnership Dissolution with Interdependent Values (with Ady Pauzner) Rand Journal of Economics 2006

License Auctions and Market Structure (with Heidrun Hoppe and Benny Moldovanu) Journal of Economics and Managment Strategy 2006

The Limits of ex post Implementation (with Moritz Meyer-Ter-Vehn,  Benny Moldovanu, and Bill Zame) Econometrica 2006

Mixed Bundling Auctions (with Moritz Meyer-Ter-Vehn and Benny Moldovanu) Journal of Economic Theory 2007

Allocative and Informational Externalities in Auctions and Related Mechanisms, (with Benny Moldovanu)  ''The Proceedings of the 9th World Congress of the Econometric Society'', edited by Richard Blundell, Whitney Newey, and Torsten Persson, Cambridge University Press.

Information acquisition in Auctions: Sealed-bid or Dynamic Formats? (with Olivier CompteRand Journal of Economics 2007

Gathering Information before Signing a Contract: A Screening Perspective (with Olivier Compte) International Journal of Industrial Organization 2008

On Quitting Rights in Mechanism Design (with Olivier Compte)  American Economic Review Papers and Proceedings 2007

Veto Constraint in Mechanism Design: Inefficiency with Correlated Types (with Olivier Compte) American Economic Journal: Microeconomics 2009

Locally Robust Implementation and Its Limits (with Moritz Meyer-ter-Vehn and Benny Moldovanu) JET 2012

On Transparency in Organizations Review of Economic Studies 2015 (older version)

A mechanism design approach to the Tiebout hypothesis  (with Laurent Lamy) forth. Journal of Political Economy


The European UMTS/IMT-2000 License Auctions (with Benny Moldovanu)

On the Virtues of the Ascending Price Auction: New insights in the Private Value Setting (with Olivier Compte) superceded by Information acquisition in Auctions: Sealed-bid or Dynamic Formats?

On the benefits of set-asides (with Laurent Lamy)




On the Role of Outside Options in Bargaining with Obstinate Parties (with Olivier Compte) Econometrica 2002

Gradualism in Bargaining and Contribution Games (with Olivier Compte) Review of Economic Studies 2004

Dynamic Processes of Social and Economic Interactions: On the Persistence of Inefficiencies (with Armando Gomes)  Journal of Political Economy 2005

The Coalitional Nash Bargaining Solution (with Olivier Compte) Econometrica 2010

Bargaining and Majority Rules: A Collective Search Perspective  (with Olivier Compte) Journal of Political Economy 2010


On the role of arbitration in negotiations 1995 (with Olivier Compte) superceded by Gradualism in Bargaining and Contribution Games

Bargaining with Reference Dependent Preferences (with Olivier Compte)

On the optimal majority rule (with Olivier Compte)

Group decision making (with Olivier Compte)

Bargaining over randomly generated offers (with Olivier Compte) superceded by Bargaining and Majority Rules: A Collective Search Perspective 





Constitutional Rules of Exclusion in Jursidiction Formation (with Suzanne Scotchmer), Review of Economic Studies 2001

How to win a decision in a confederation (with Jacques Thisse),  Journal of Public Economics 2005

Resale Markets, Entry prepared for the New Palgrave 2nd edition

Towards a Simonian Theory of Integration preliminary