Yuk-Fai Fong

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Economics Department

 

Research

 

Published/Accepted Papers

1. “Long-Lived Consumers, Intertemporal Bundling, and Collusion” (with Jim Dana), Journal of Industrial Economics, December 2011, 59 (4), 609–629 [Download PDF].

2. “Product Quality, Reputation, and Market Structure” (with Jim Dana), International Economic Review, November 2011, 52 (4), 1059–1076. [Download PDF]

3. “Loyalty Rewards Facilitate Tacit Collusion”, (with Qihong Liu), Journal of Economics and Management Strategy, Fall 2011, 20 (3), 739–775. [Download PDF]

4. Bidding in a Possibly Common-Value Auction”, (with Daniel F. Garrett), Games and Economic Behavior, 70 (2), November 2010, 494-501. [Download PDF]

5. “Private Information of Nonpaternalistic Altruism: Exaggeration and Reciprocation of Generosity”, B.E. Journal of Theoretical Economics (Advances), 9(1), 2009, Article 1. [Link to Paper] (One of two finalists, 2008 Arrow Prize for Junior Economists)

6. “The Optimal Degree of Cooperation in the Repeated Prisoner's Dilemma with Side Payments”, (with Jay Surti), Games and Economic Behavior, September 2009, 67 (1), 277–291. [Download PDF] (previously titled “Bribing to Cooperate”)

-          Appendix: [Omitted Proofs]

-          Related Note: “Optimal Timing of Side Payments in the Infinitely Repeated Prisoner’s Dilemma” [Download PDF]

7. “Compensation for Quality Difference in a Search Model of Money” (with Balázs Szentes), International Economic Review, August 2005, 46 (3), 957-971.     [Download PDF]

8. “When do Experts Cheat and Whom do They Target?”, RAND Journal of Economics, Spring 2005, 36 (1), 113-130.     [Download PDF]

9. “The Identification of Unobservable Independent and Spousal Leisure”, (with Junsen Zhang), Journal of Political Economy, February 2001, 109 (1), 191-202.

 

Working Papers by Topics

Tacit Collusion

10. “When Does Aftermarket Monopolization Soften Foremarket Competition” (with Jin Li), February 2012, R&R RAND Journal of Economics. [Download PDF] (Earlier versions circulated under different titles)

-           [Online Appendix]

 

 

Dynamic/Repeated Games & Relational Contracts

11. “Wait and See” (with Peter Eso), November 2008. [Download PDF]

 

12. “Relational Contract, Limited Liability, and Employment Dynamics”, (with Jin Li), R&R Review of Economic Studies. [Download PDF]

 

13. “Information Revelation in Relational Contracts”, (with Jin Li), R&R Review of Economic Studies. [Download PDF]

 

14. “Ownership Turnover, Reputation Turnaround, and Endogenous Cost of Control”, (with P. H. Albert Au and Jin Li) [Download PDF]

 

15. “A Theory of Player Turnover in Repeated Games”, (with Jin Li), Preliminary [Download PDF]

 

Market for Expert Services

16. “Signaling by an Export” (with Frances Xu), [Download PDF]

 

Experimental Economics

17. “Guilt Driven Reciprocity in a Psychological Signaling Game”, (with Chen-Ying Huang and Theo Offerman), December 2007. [Download PDF]