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Stefan Krasa

Professor, Director of Graduate Studies

1985 …2019
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Research Output 1985 2019

2019

Political Conflict over Time

Howell, W., Krasa, S. & Polborn, M., Jan 1 2019, (Accepted/In press) In : American Journal of Political Science.

Research output: Contribution to journal › Article

political conflict
politician
policy implementation
election
time
2018

Political Competition in Legislative Elections

Krasa, S. & Polborn, M. K., Nov 1 2018, In : American Political Science Review. 112, 4, p. 809-825 17 p.

Research output: Contribution to journal › Article

party member
asymmetry
divergence
candidacy
election
2017

Entrepreneurs, legal institutions and firm dynamics

Herranz, N., Krasa, S. & Villamil, A. P., Jan 1 2017, In : Economic Theory. 63, 1, p. 263-285 23 p.

Research output: Contribution to journal › Article

Entrepreneurs
Legal institutions
Risk-averse
Firm dynamics
Assets
2015

Entrepreneurs,risk aversion, and dynamic firms

Herranz, N., Krasa, S. & Villamil, A. P., Oct 2015, In : Journal of Political Economy. 123, 5, p. 1133-1176 44 p.

Research output: Contribution to journal › Article

Risk aversion
Firm dynamics
Entrepreneurs
Debt
Small firms
2014

Policy divergence and voter polarization in a structural model of elections

Krasa, S. & Polborn, M., Jan 1 2014, In : Journal of Law and Economics. 57, 1, p. 31-76 46 p.

Research output: Contribution to journal › Article

structural model
polarization
divergence
voter
election

Social ideology and taxes in a differentiated candidates framework

Krasa, S. & Polborn, M., Jan 1 2014, In : American Economic Review. 104, 1, p. 308-322 15 p.

Research output: Contribution to journal › Article

Tax
Ideology
Voters
Cultural issues
Political competition
2012

Political competition between differentiated candidates

Krasa, S. & Polborn, M. K., Sep 1 2012, In : Games and Economic Behavior. 76, 1, p. 249-271 23 p.

Research output: Contribution to journal › Article

Political competition
Ranking
Divergence
Vote
Voters
2010

Competition between specialized candidates

Krasa, S. & Polborn, M. K., Dec 1 2010, In : American Political Science Review. 104, 4, p. 745-765 21 p.

Research output: Contribution to journal › Article

candidacy
voter
policy area
money
productivity

The binary policy model

Krasa, S. & Polborn, M., Mar 1 2010, In : Journal of Economic Theory. 145, 2, p. 661-688 28 p.

Research output: Contribution to journal › Article

Voters
Electoral competition
Plurality
Elections
2009

Is mandatory voting better than voluntary voting?

Krasa, S. & Polborn, M. K., May 1 2009, In : Games and Economic Behavior. 66, 1, p. 275-291 17 p.

Research output: Contribution to journal › Article

Voting model
Voting
Voter turnout
Endogenous participation
Vote

Small firms in the SSBF

Herranz, N., Krasa, S. & Villamil, A. P., Jan 21 2009, In : Annals of Finance. 5, 3-4, p. 341-359 19 p.

Research output: Contribution to journal › Article

Small firms
Owners
Limited liability
Liability
Assets
2008

Bankruptcy and firm finance

Krasa, S., Sharma, T. & Villamil, A. P., Aug 1 2008, In : Economic Theory. 36, 2, p. 239-266 28 p.

Research output: Contribution to journal › Article

Enforcement
Finance
Bankruptcy
Approximation
Nonlinear effects

Political polarization and the electoral effects of media bias

Bernhardt, M. D., Krasa, S. & Polborn, M. K., Jun 1 2008, In : Journal of Public Economics. 92, 5-6, p. 1092-1104 13 p.

Research output: Contribution to journal › Article

Polarization
Media bias
Profit
Ideology
Voters
2007

Limited observability as a constraint in contract design

Krasa, S. & Williams, S. R., May 1 2007, In : Journal of Economic Theory. 134, 1, p. 379-404 26 p.

Research output: Contribution to journal › Article

Observability
Contract design
Economics
Bargaining model
Optimal contract
2005

Debt contracts and cooperative improvements

Krasa, S., Sharma, T. & Villamil, A. P., Nov 1 2005, In : Journal of Mathematical Economics. 41, 7, p. 857-874 18 p.

Research output: Contribution to journal › Article

Nash Equilibrium
Dynamic Games
Solution Concepts
Equilibrium Solution
Imperfect
2003

Coalition structure values in differential information economies: Is unity a strength?

Krasa, S., Temimi, A. & Yannelis, N. C., Feb 1 2003, In : Journal of Mathematical Economics. 39, 1-2, p. 51-62 12 p.

Research output: Contribution to journal › Article

Coalitions
Bargaining
Game theory
Shapley Value
Economics

Optimal contracts when enforcement is a decision variable: A reply

Krasa, S. & Villamil, A. P., Jan 1 2003, In : Econometrica. 71, 1, p. 391-393 3 p.

Research output: Contribution to journal › Comment/debate

decision theory
Decision Theory
Random process
computer simulation
Computer Simulation
2001

Core concepts in economies where information is almost complete

Krasa, S. & Shafer, W., Jan 1 2001, In : Economic Theory. 18, 2, p. 451-471 21 p.

Research output: Contribution to journal › Article

Information economy
Incentive compatible
Economics
Private core
Complete information

Informational robustness of competitive equilibria

Krasa, S. & Shafer, W., Jan 1 2001, In : Journal of Economic Theory. 101, 2, p. 494-518 25 p.

Research output: Contribution to journal › Article

Competitive equilibrium
Complete information
Robustness
Incomplete information
Economics
2000

Optimal contracts when enforcement is a decision variable

Krasa, S. & Villamil, A. P., Jan 1 2000, In : Econometrica. 68, 1, p. 119-134 16 p.

Research output: Contribution to journal › Article

Enforcement
Contract enforcement
Optimal contract
Payment
Investors
1999

Unimprovable allocations in economies with incomplete information

Krasa, S., Jul 1 1999, In : Journal of Economic Theory. 87, 1, p. 144-168 25 p.

Research output: Contribution to journal › Article

Incomplete information
Economics
Durability
Exchange economy
Gains from trade
1996

Existence and properties of a value allocation for an economy with differential information

Krasa, S. & Yannelis, N. C., Jan 1 1996, In : Journal of Mathematical Economics. 25, 2, p. 165-179 15 p.

Research output: Contribution to journal › Article

Nonexistence
Continuum
Alternatives
Differential information
Concepts

Money and storage in a differential information economy

Huggett, M. & Krasa, S., Jan 1 1996, In : Economic Theory. 8, 2, p. 191-210 20 p.

Research output: Contribution to journal › Article

Fiat money
Differential information economy
Turnpike
Differential information
Limited commitment
1994

An elementary proof of the Knaster-Kuratowski-Mazurkiewicz-Shapley Theorem

Krasa, S. & Yannelis, N. C., May 1 1994, In : Economic Theory. 4, 3, p. 467-471 5 p.

Research output: Contribution to journal › Article

Usefulness
Balanced games
Fixed point theorem

Optimal multilateral contracts

Krasa, S. & Villamil, A. P., Mar 1 1994, In : Economic Theory. 4, 2, p. 167-187 21 p.

Research output: Contribution to journal › Article

Optimal contract
Monitoring
Interdependencies
Risk-averse
Wealth
1993

Non-existence and inefficiency of equilibria with American options

Kahn, C. & Krasa, S., Mar 1 1993, In : Economic Theory. 3, 1, p. 169-176 8 p.

Research output: Contribution to journal › Article

American options
Inefficiency
American put option
Assets
Spot price
1992

A theory of optimal bank size

Krasa, S. & Villamil, A. P., Jan 1 1992, In : Oxford Economic Papers. 44, 4, p. 725-749 25 p.

Research output: Contribution to journal › Article

Banks

Monitoring the monitor: An incentive structure for a financial intermediary

Krasa, S. & Villamil, A. P., Jun 1992, In : Journal of Economic Theory. 57, 1, p. 197-221 25 p.

Research output: Contribution to journal › Article

Financial intermediaries
Incentive structure
Monitoring
Intermediaries
Law of large numbers
1991

Equilibria with options: Existence and indeterminacy

Krasa, S. & Werner, J., Aug 1991, In : Journal of Economic Theory. 54, 2, p. 305-320 16 p.

Research output: Contribution to journal › Article

Assets
Indeterminacy
Futures markets
Commodity futures
Commodities
1989

Existence of competitive equilibria for option markets

Krasa, S., Apr 1989, In : Journal of Economic Theory. 47, 2, p. 413-421 9 p.

Research output: Contribution to journal › Article

Competitive equilibrium
Options markets
Endowments
Aggregate supply
Commodities
1988

The action of a solvable group on an infinite set never has a unique invariant mean

Krasa, S., Jan 1988, In : Transactions of the American Mathematical Society. 305, 1, p. 369-376 8 p.

Research output: Contribution to journal › Article

Invariant Mean
Nonuniqueness
Solvable Group
Amenable Group
Subgroup
1985

Non uniqueness of invariant means for amenable group actions

Krasa, S., Jun 1 1985, In : Monatshefte für Mathematik. 100, 2, p. 121-125 5 p.

Research output: Contribution to journal › Article

Invariant Mean
Amenable Group
Nonuniqueness
Group Action
Measure space