3 papers
econ.TH2026
Robust Capital Budgeting
Yunzhi Hu, Fei Li, Hanqing Ye +1
We study capital budgeting when a manager privately knows project productivity and her empire-building benefits, while headquarters lacks credible priors. Headquarters minimizes ma…
econ.TH2026
Monitoring Hierarchies in Knowledge Production
Shota Ichihashi, Fei Li, Dihan Zou
We study peer monitoring design in knowledge production. A principal leads agents who work on different but related tasks. By working on their own tasks, agents acquire information…
econ.TH2026
Midterm Review
Doruk Cetemen, Yonggyun Kim, Fei Li +1
We study why organizations conduct interim performance reviews when monetary rewards are limited. An interim review creates incentive capacity by allowing future work and career op…