3 papers
econ.TH2026
Hidden Commitment Power is Powerless
Hongcheng Li
A principal who offers a contract may renege when her default option is sufficiently attractive. The size of this temptation, which measures her commitment power, is often her priv…
econ.TH2025
Robust Contracting with Career Concerns
Tan Gan, Hongcheng Li
We study optimal contracting when workers face career concerns. Labor markets infer ability from performance, but effort affects how informative performance is. This feedback can g…
econ.TH2024
Robust Pricing for Quality Disclosure
Tan Gan, Hongcheng Li
A platform charges a producer for disclosing quality evidence to consumers before trade. It aims to maximize its revenue guarantee across potentially multiple equilibria which aris…