All Outputs (2)

Equilibrium competition, social welfare and corruption in procurement auctions (2017)
Working Paper
Li, D., & Xu, M. (2017). Equilibrium competition, social welfare and corruption in procurement auctions

We study the e¤ects of corruption on equilibrium competition and social welfare in a public procurement auction. In our model, …rms are invited to the auction at positive costs, and a bureaucrat who runs the auction on behalf of a government may requ... Read More about Equilibrium competition, social welfare and corruption in procurement auctions.

Cheap talk advertising in auctions : horizontally vs vertically differentiated products (2017)
Working Paper
Li, D., & Jewitt, I. (2017). Cheap talk advertising in auctions : horizontally vs vertically differentiated products

This paper explores the possibilities for sellers to usefully transmit product infor- mation to buyers by cheap talk public advertising. We explore two polar cases, con- trasting vertically di¤erentiated products (à la Milgrom Weber’s (1982) general... Read More about Cheap talk advertising in auctions : horizontally vs vertically differentiated products.