2 papers
econ.TH2021
Peace Through Side Payments
Jingfeng Lu, Zongwei Lu, Christian Riis
We study strategic bargaining for peaceful settlement before conflict escalates into war, comparing two protocols: offering a take-it-or-leave-it side payment versus requesting one…
econ.TH2019
Perfect bidder collusion through bribe and request
Jingfeng Lu, Zongwei Lu, Christian Riis
We study collusion in a second-price auction with two bidders in a dynamic environment. One bidder can make a take-it-or-leave-it collusion proposal, which consists of both an offe…