In the first chapter, ¡°All-Pay Auctions with Resale¡±, I study equilibria of first- and second-price all-pay auctions with resale when players' signals are affiliated and symmetrically distributed. I show that existence of resale possibilities introduces an endogenous element to players'...

This dissertation consists of three essays, the first two on the foreign exchange market and the third on credit markets.Chapter 2 examines empirically the exchange rateinterest differential relationship in a co-integration framework. We test and estimate an error correction model (ECM) for the...