All Outputs (4)

Policy Choice and Economic Growth under Factional Politics:Evidence from a Chinese Province (2017)
Journal Article
Li, D., & Zhang, Q. (2018). Policy Choice and Economic Growth under Factional Politics:Evidence from a Chinese Province. China Economic Review, 47, 12-26. https://doi.org/10.1016/j.chieco.2017.11.003

This paper investigates how political elites make policy choices that have bearing on an authoritarian regime's economy, from the perspective of factional politics. A local leader makes policies primarily to secure his political survival, which is co... Read More about Policy Choice and Economic Growth under Factional Politics:Evidence from a Chinese Province.

Ranking Equilibrium Competition in Auctions with Participation Costs (2017)
Journal Article
Li, D. (2017). Ranking Equilibrium Competition in Auctions with Participation Costs. Economics Letters, 153, 47-50. https://doi.org/10.1016/j.econlet.2017.02.003

This paper studies the degrees of equilibrium competition in three common forms of auctions with costly participation, and shows that, when bidders’ valuation distribution is concave, there is a simple condition to rank the equilibrium competition of... Read More about Ranking Equilibrium Competition in Auctions with Participation Costs.

Equilibrium competition, social welfare and corruption in procurement auctions (2017)
Preprint / 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)
Preprint / 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.