4 papers
Trusting AI in Competitive Markets
Jussi Keppo, Yuze Li, Gerry Tsoukalas +1
People's trust in AI advice diverges as they use it, deepening for some and eroding for others. We study this divergence in oligopoly pricing, where advice cannot prove itself: riv…
On the Fragility of AI Agent Collusion
Jussi Keppo, Yuze Li, Gerry Tsoukalas +1
Recent work shows that pricing with symmetric LLM agents leads to algorithmic collusion. We show that collusion is fragile under the heterogeneity typical of real deployments. In a…
Three Tiers and Thresholds: Incentives in Private Market Investing
Jussi Keppo, Yingkai Li
This paper studies optimal contract design in private market investing, focusing on internal decision making in venture capital and private equity firms. A principal relies on an a…
Collateral Portfolio Optimization in Crypto-Backed Stablecoins
Bretislav Hajek, Daniel Reijsbergen, Anwitaman Datta +1
Stablecoins - crypto tokens whose value is pegged to a real-world asset such as the US Dollar - are an important component of the DeFi ecosystem as they mitigate the impact of toke…