2 papers
econ.TH2026
Providing Certainty
Andrew B. Choi, Christoph Schlom, Chengyang Zhu
We introduce a moral hazard model in which public information about a payoff-relevant state arrives over time, an agent decides when to make an irreversible investment, and a princ…
econ.TH2026
Optimal Auction Design for Dynamic Stochastic Environments: Myerson Meets Naor
Yeon-Koo Che, Andrew B. Choi
Motivated by applications such as cloud computing, gig platforms, and blockchain auctions, we study optimal selling mechanisms for dynamic markets with stochastic supply and demand…