NEGOTIATION WITH PRIVATE INFORMATION

I am glad to contribute this twelfth annual lecture celebrating the memory of Nancy Schwartz. Many of us remember the years in the 1970s when the most exciting developments in the theory of industrial organization were in the series of articles by the prolific team of Morton Kamien and Nancy Schwartz. Nancy's work with Mort initiated a renaissance based on explicit analysis of strategic behavior in dynamic contexts. Subsequent work on entry, limit pricing, and durable goods has continued from their seminal studies; and their results (and important survey article) on the effects of market structure on technological innovation remain classics. We were directors of doctoral programs at the same time, and I can attest too that she was an effective leader in that role. All who knew her are sad that she is not with us now.