• All-pay auctions with affiliated values 

      Chi, Chang Koo; Murto, Pauli; Välimäki, Juuso (DP SAM;13/2017, Working paper, 2017-08)
      This paper analyzes all-pay auctions where the bidders have affiliated values for the object for sale and where the signals take binary values. Since signals are correlated, high signals indicate a high degree of competition ...
    • An analysis of the two-bidder all-pay auction with common values 

      Chi, Chang Koo (DP SAM;17/2018, Working paper, 2018-08)
      This paper studies a symmetric two-bidder all-pay auction where the bidders compete for a prize whose unknown common value is either high or low. The bidders’ private signals (or types) are discrete and affiliated through ...
    • Relational Incentive Contracts and Performance Measurement 

      Chi, Chang Koo; Olsen, Trond E. (Discussion paper;6/18, Working paper, 2018-04-30)
      This paper analyzes relational contracts under moral hazard. We first show that if the available information (signal) about effort satisfies a generalized monotone likelihood ratio property, then irrespective of whether ...
    • Relational Incentive Contracts and Performance Measurement. 

      Chi, Chang Koo; Olsen, Trond E. (DP SAM;7/2018, Working paper, 2018-04)
      This paper analyzes relational contracts under moral hazard. We first show that if the available information (signal) about effort satisfies a generalized monotone likelihood ratio property, then irrespective of whether ...
    • War of attrition with affiliated values. 

      Chi, Chang Koo; Murto, Pauli; Välimäki, Juuso (DP SAM;16/2017, Working paper, 2017)
      We study the war of attrition between two players when the players’ signals are binary and affiliated. Our model covers both the case of common values and affiliated private values. We characterize the unique symmetric ...