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    Price skimming: Commitment and delay in bargaining with outside option Author: Dongkyu Chang, Jong Jae LeeAbstract: This paper studies a bargaining problem in which the buyer's valuation and outside option are private information. We show that there exists a non-stationary equilibrium in which the seller can secure full commitment profit (from the optimal sales mechanism that exhibits price skimming) if and only if the buyer's outside option takes a zero value wit...
    Incentives under equal-pay constraint and subjective peer evaluation Author: YuAwaya, Jihwan DoAbstract: We study a moral hazard problem for a firm with multiple workers where the firm cannot discriminate among workers' wages—equal-pay constraint—and evaluate workers' performances only through peers—subjective peer evaluation. More precisely, each worker privately chooses an effort level, which generates private signals received by his peers. The firm solicit...
    Anti-corruption and Poverty Alleviation: Evidence from China Author: Linsong Han, Xun Li and Gang XuAbstract: This paper studies how China’s recent anti-corruption campaign affects poverty incidence. Employing five waves of the China Family Panel Studies (CFPS) data, we find the (potential) poor households in counties that are more exposed to the anti-corruption campaign are associated with a significantly higher level of income and a consequently lower...
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