2 papers
econ.TH2026
On Rent Dissipation in Dynamic Multi-battle Contests
Shanglyu Deng, Qiang Fu, Junchi Li +1
We study dynamic multi-battle contests and examine how the contest structure shapes dynamic incentives and determines the extent of rent dissipation. A discouragement effect often…
econ.TH2025
Recurring Auctions with Costly Entry: Theory and Evidence
Shanglyu Deng, Qiyao Zhou
Recurring auctions are ubiquitous for selling durable assets like artworks and homes, with follow-up auctions held for unsold items. We investigate such auctions theoretically and…