■  Education
 

Ph.D. (Economics), June 27, 1989, Virginia Polytechnic Institute and State University (also called Virginia Tech),

          Blacksburg, Virginia, USA

          Dissertation:  "Capacity, Entry Deterrence, and Horizontal Merger"

M.A. (Economics), March 21, 1986, Virginia Tech

M.A. (Economics), August 31, 1984, Yonsei University, Seoul, Korea

          M.A. Thesis:  "A Study on the Measures of Consumer's Surplus"

B.A. (Economics), February 22, 1982, Yonsei University

 

 

■  Fields of Interest

 

Theory of Contests, Microeconomics, Game Theory and Its Applications, Industrial Organization,

Behavioral Economics, Public Economics, Public Choice, Law and Economics, Environmental Economics 

 

 

■  Academic Positions

 

March 2022  ~  Present                     Professor Emeritus, Sungkyunkwan University, Seoul, Korea

October 1999  ~  February 2022       Professor, Sungkyunkwan University

August 2017  ~  January 2018          Visiting Professor, Appalachian State University, Boone, North Carolina, USA

September 2013  ~  May 2014          Visiting Professor, University of Illinois at Urbana-Champaign, Urbana, Illinois, USA

March 2006  ~  February 2008          SKKU-Fellow, Sungkyunkwan University

August 2005  ~  August 2007             Visiting Professor, Virginia Tech

August 2001  ~  August 2002             Visiting Professor, Virginia Tech

March 1995  ~  September 1999       Associate Professor, Sungkyunkwan University

July 1994  ~  June 1996                     Associate Professor, Appalachian State University

August 1989  ~  June 1994                Assistant Professor, Appalachian State University

 

 

■  Awards and Fellowships

(1)   The 1999 Chung Ram Research Award, February 11, 2000, Korean Economic Association

(2)   Best Teacher of the Year Award, March 1, 2001, School of Economics, Sungkyunkwan University

(3)   Best Researcher of the Year Award, March 1, 2002, School of Economics, Sungkyunkwan University

(4)   The 2004 Sungkyun Research Award, January 21, 2005, Sungkyun CEO Forum,

        Sungkyunkwan University Alumni Association

(5)   The 2005 SKKU-Fellowship, August 31, 2005, Sungkyunkwan University 

(6)   Principles Teacher of the Year (for 2006-2007) Award, May 11, 2007, Department of Economics, Virginia Tech

(7)   The 38th Maekyung Economist Award, April 3, 2008, Maeil Business Newspaper

(8)   The 6th Kyung-Ahm Prize in Humanities and Social Sciences, November 5, 2010,

        Kyung-Ahm Education & Culture Foundation

(9)   The 2017 SKKU Teaching Award, August 22, 2017, Sungkyunkwan University

(10)   The 2019 Distinguished Alumni Award in Research and Culture, December 13, 2019,

          Alumni Association of the College of Commerce and Economics of Yonsei University

(11)   The 24th Sungkyun Family Grand Award in Teaching and Research, December 16, 2020,

          Sungkyunkwan University

(12)   Presidential Citation, March 2022, Republic of Korea

 

 

■  Publications - Journal Articles

 

(1)   "Three-Player Contests with a Potential Inactive Player: Endogenous Timing of Effort Exertion,"

        (with Jong Hwa Lee). Economic Inquiry, 2024 (forthcoming).

 

(2)   "Contests between Two Groups for a Group-Specific Public-Good/Bad Prize."

        Economics Letters, June 2023, 227: 111130.

 

(3)   "Endogenous Timing in Three-Player Tullock Contests," (with Jong Hwa Lee and Seokho Lee).

       Social Choice and Welfare, October 2022, 59 (3): 495-523.

 

(4)   "Contests for Catch Shares," (with Youngseok Park).

       Review of Economic Design, March 2022, 26 (1): 23-42.

 

(5)   "Group Size and Matching Protocol in Contests," (with Subhasish M. Chowdhury

       and Abhijit Ramalingam). Canadian Journal of Economics, November 2021, 54 (4): 1716-36.

 

(6)   "Contests with Multiple Alternative Prizes: Public-Good/Bad Prizes and Externalities,"

       (with Hanjoon Michael Jung). Journal of Mathematical Economics, January 2021, 92: 103-16.

 

(7)   "Decisions of Duopoly Firms on Sharing Information on Their Delegation Contracts,"

       (with Dongryul Lee). Review of Industrial Organization, August 2020, 57 (1): 145-65.

 

(8)   "Observable versus Unobservable R&D Investments in Duopolies," (with Sang-Kee Kim).

       Journal of Economics, June 2020, 130 (1): 37-66.

 

(9)   "The Effects of Conflict Budget on the Intensity of Conflict: An Experimental Investigation,"

       (with Subhasish M. Chowdhury and Abhijit Ramalingam). Experimental Economics,

         March 2020, 23 (1): 240-58.

 

(10)   "Asymmetric Contests with Initial Probabilities of Winning," (with Hanjoon Michael Jung).

         International Journal of Economic Theory, December 2019, 15 (4): 385-98.

 

(11)   "Concealment and Verification over Environmental Regulations: A Game-Theoretic Analysis,"

         (with Dongryul Lee). Journal of Regulatory Economics, June 2017, 51 (3): 235-68.

 

(12)   "Contests with Alternative Public-Good Prizes."

         Journal of Public Economic Theory, August 2016, 18 (4): 545-59.

 

(13)   "Endogenous Group Formation in Contests: Unobservable Sharing Rules."

         Journal of Economics and Management Strategy, Summer 2016, 25 (2): 400-19.

 

(14)   "Contests with Bilateral Delegation: Unobservable Contracts." (with Jihyun Kim).
         Journal of Institutional and Theoretical Economics, September 2014, 170 (3): 387-405.

 

(15)   "Endogenous Timing in Contests with Delegation." (with Jong Hwa Lee).
         Economic Inquiry, October 2013, 51 (4): 2044-55.

 

(16)   "Two-Player Lopsided Contests under Different Timing Assumptions."

         Theoretical Economics Letters, September 2013, 3 (5B): 1-4.

 

(17)   "Do Rent-Seeking Groups Announce Their Sharing Rules?" (with Dongryul Lee).
         Economic Inquiry, April 2012, 50 (2): 348-63.

 

(18)   "Variable Valuations and Voluntarism under Group Selection: An Evolutionary Public Goods Game,"

         (with Philip H. Crowley). Journal of Theoretical Biology, August 2010, 265 (3): 238-44.

 

(19)   "Attorneys' Compensation in Litigation with Bilateral Delegation."
         Review of Law and Economics, August 2008, 4 (1): 259-89.

 

(20)   "Contests with Group-Specific Public-Good Prizes."
         Social Choice and Welfare, January 2008, 30 (1): 103-17.

 

(21)   "Strategic Decisions on Lawyers' Compensation in Civil Disputes,"
         (with In-Gyu Kim). Economic Inquiry, October 2007, 45 (4): 854-63.

 

(22)   "Contingent Fees versus Legal Expenses Insurance," (with In-Gyu Kim).
         International Review of Law and Economics, September 2007, 27 (3): 351-61.

 

(23)   "Collective Rent Seeking When Sharing Rules Are Private Information,"
         (with Sanghack Lee). European Journal of Political Economy, September 2007, 23 (3): 768-76.  

(24)   "Equilibrium Contingent Compensation in Contests with Delegation."
         Southern Economic Journal, April 2007, 73 (4): 986-1002.

 

(25)   "The Equivalence of Rent-Seeking Outcomes for Competitive-Share and Strategic Groups," (with Bouwe R. Dijkstra,

         Sanghack Lee, and Shi Young Lee). European Journal of Political Economy, June 2006, 22 (2): 337-42.

 

(26)   "Two-Player Asymmetric Contests with Ratio-Form Contest Success Functions."
         Economic Inquiry, October 2004, 42 (4): 679-89.

 

(27)   "Bidding for a Group-Specific Public-Good Prize," (with In-Gyu Kim and Sunghyun Na).

         Journal of Public Economics, December 2001, 82 (3): 415-29.

 

(28)   "Strategic Groups and Rent Dissipation," (with Sanghack Lee).

         Economic Inquiry, October 2001, 39 (4): 672-84.

 

(29)   "Optimal Punishment When Individuals May Learn Deviant Values," (with In-Gyu Kim).

         International Review of Law and Economics, September 2001, 21 (3): 271-85.

 

(30)   "Two-Stage Rent-Seeking Contests with Carryovers," (with Sanghack Lee).
         Public Choice, June 2000, 103 (3-4): 285-96.

 

(31)   "Endogenous Timing in a Gaming Tournament," (with Todd L. Cherry, Stephan Kroll, and Jason F. Shogren).

         Theory and Decision, August 1999, 47 (1): 1-21.

 

(32)   "Rent-Seeking Firms, Consumer Groups, and the Social Costs of Monopoly."
         Economic Inquiry, July 1999, 37 (3): 541-53.

 

(33)   "Difference-Form Contest Success Functions and Effort Levels in Contests."
         European Journal of Political Economy, November 1998, 14 (4): 685-701.

 

(34)   "Delegation in Contests," (with In-Gyu Kim).
         European Journal of Political Economy, May 1997, 13 (2): 281-98.

 

(35)   "Collective Rent Seeking with Endogenous Group Sizes," (with Sanghack Lee).
         European Journal of Political Economy, February 1997, 13 (1): 121-30.

 

(36)   "Contests with Spying: Reply," (with Jason F. Shogren).
         European Journal of Political Economy, December 1996, 12 (4): 735-37.

 

(37)   "Horizontal Mergers of Price-Setting Firms with Sunk Capacity Costs."
         Quarterly Review of Economics and Finance, Fall 1995, 35 (3): 245-56.

 

(38)   "Contests with Spying," (with Jason F. Shogren).
         European Journal of Political Economy, September 1995, 11 (3): 441-51.

 

(39)   "Competitive-Share Group Formation in Rent-Seeking Contests," (with Jason F. Shogren).

         Public Choice, April 1995, 83 (1-2): 113-26.

 

(40)   "Effort Levels in Contests with Two Asymmetric Players."
         Southern Economic Journal, October 1994, 61 (2): 367-78.

 

(41)   "Winner-Help-Loser Group Formation in Rent-Seeking Contests."
         Economics and Politics, July 1994, 6 (2): 147-62.

 

(42)   "Environmental Conflicts with Reimbursement for Citizen Suits," (with Jason F. Shogren).

         Journal of Environmental Economics and Management, July 1994, 27 (1): 1-20.

 

(43)   "Effort Levels in Contests: The Public-Good Prize Case."
         Economics Letters, 1993, 41 (4): 363-67.

 

(44)   "Favorites and Underdogs: Strategic Behavior in an Experimental Contest," (with Jason F. Shogren).

         Public Choice, September 1992, 74 (2): 191-205.

 

(45)   "Strategic Behavior in Contests: Comment," (with Jason F. Shogren).
         American Economic Review, March 1992, 82 (1): 359-62.

 

(46)   "Reexamining Efficient Rent-Seeking in Laboratory Markets," (with Jason F. Shogren).

         Public Choice, February (I) 1991, 69 (1): 69-79.

 

 

■  Publications - Journal Articles Reprinted

 

(1)   "Strategic Behavior in Contests: Comment," (with Jason F. Shogren).

         American Economic Review, March 1992, 82 (1): 359-62.
         * Reprinted in Roger D. Congleton, Arye L. Hillman, and Kai A. Konrad, eds.,

           40 Years of Research on Rent Seeking 1: Theory of Rent Seeking. Berlin: Springer-Verlag, 2008, pp. 439-42.
 

(2)   "Effort Levels in Contests: The Public-Good Prize Case." Economics Letters, 1993, 41 (4): 363-67.

         * Reprinted in Roger D. Congleton, Arye L. Hillman, and Kai A. Konrad, eds.,

           40 Years of Research on Rent Seeking 1: Theory of Rent Seeking. Berlin: Springer-Verlag, 2008, pp. 347-51.
 

(3)   "Reexamining Efficient Rent-Seeking in Laboratory Markets," (with Jason F. Shogren).

         Public Choice, February (I) 1991, 69 (1): 69-79.
         * Reprinted in Roger D. Congleton, Arye L. Hillman, and Kai A. Konrad, eds.,

           40 Years of Research on Rent Seeking 1: Theory of Rent Seeking. Berlin: Springer-Verlag, 2008, pp. 651-61.
 

(4)   "The Equivalence of Rent-Seeking Outcomes for Competitive-Share and Strategic Groups," (with Bouwe R. Dijkstra,

         Sanghack Lee, and Shi Young Lee). European Journal of Political Economy, June 2006, 22 (2): 337-42.

         * Reprinted in Roger D. Congleton, Arye L. Hillman, and Kai A. Konrad, eds.,

           40 Years of Research on Rent Seeking 1: Theory of Rent Seeking. Berlin: Springer-Verlag, 2008, pp. 323-28.
 

(5)   "Endogenous Timing in a Gaming Tournament," (with Todd L. Cherry, Stephan Kroll, and Jason F. Shogren).

         Theory and Decision, August 1999, 47 (1): 1-21.
         * Reprinted in Jason F. Shogren, ed.,

            Experiments in Environmental Economics, Vol. I. Aldershot, U.K.: Ashgate, 2003, pp. 489-509.

 

(6)   "Effort Levels in Contests: The Public-Good Prize Case." Economics Letters, 1993, 41 (4): 363-67.

         * Reprinted in Alan Lockard and Gordon Tullock, eds.,

            Efficient Rent-Seeking: Chronicle of an Intellectual Quagmire. Boston, MA: Kluwer, 2001, pp. 233-38.

 

 

  a■  Publications - Articles in Edited Books  

 

    

(1)   "The Political Economy of Attorneys and Human Resources," (with In-Gyu Kim), in Klaus F. Zimmermann, ed.,

         Handbook of Labor, Human Resources and Population Economics. Cham, Switzerland: Springer Nature

         Switzerland AG, 2021 (first online).

 

(2)   "A Behavioral Basis for Best-Shot Public-Good Contests," (with Jason F. Shogren), in Michael R. Baye, ed.,

         Advances in Applied Microeconomics: Contests, Vol. 7. Stamford, CT: JAI Press, 1998, pp. 169-78.

 

(3)   "Group Rent Seeking with Sharing," (with Sanghack Lee), in Michael R. Baye, ed.,
         Advances in Applied Microeconomics: Contests, Vol. 7. Stamford, CT: JAI Press, 1998, pp. 75-85.

 

(4)   "Citizen Lawsuits and the SLAPP in US Water Disputes," (with Jason F. Shogren), in Edna Tusak Loehman

         and D. Marc Kilgour, eds., Designing Institutions for Environmental and Resource Management.

         Cheltenham, U.K.: Edward Elgar, 1998, pp. 199-208.

 

(5)   "Environmental Conflicts and Strategic Commitment," (with Thomas D. Crocker and Jason F. Shogren),

         in Rüdiger Pethig, ed., Conflicts and Cooperation in Managing Environmental Resources.

         Berlin: Springer-Verlag, 1992, pp. 85-107.

 

 

■  Working Papers and Research in Progress

 

(1)   "Managerial Delegation Contracts in Duopolies: One Disclosed and One Hidden," (with Dongryul Lee).

(2)   "Duopoly Firms' Decisions on Disclosing Their R&D Investment Information," (with Sang-Kee Kim).

(3)   "Sabotage and Free Riding in Contests with a Group-Specific Public-Good/Bad Prize,"

       (with Dongwoo Lee).

(4)   "Delegation and Cost Sharing in Contests," (with Daehong Min)

 

 

■  Professional Affiliations

American Economic Association
Econometric Society
Game Theory Society
Korea-America Economic Association
Korean Econometric Society
Korean Economic Association
Korean Industrial Organization Association
Western Economic Association International

 

 

■  Editorial Services

(1)   Editor, Korean Economic Review
         (March 2008 ~ February 2016)

 

 

■  Other Professional Services

 

(1)   President, Korean Econometric Society
         (March 2012 ~ February 2013)

 

(2)   Executive Committee, Korean Economic Association
         (March 2008 ~ February 2016)