League Baseball and the Japanese Nippon Professional Baseball League that allowed for the transfer of baseball players from … Japan to the United States. It has some similarities and many differences from the transfer system used to obtain players in … European football. The unique features of the posting system were a compromise between Major League Baseball clubs and Nippon …

Multi-battle team contests are ubiquitous in real-life competitions. All temporal structures of multi-battle team …

. Whichever team arrives first at a given lead in terms of battle victories over the opponent wins the tug of war. There exists a …

no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency … experiment participants, and that allowing face-to-face pre-play communication increases efficiency although still not to the …

-binding price requests. Using a laboratory experiment, we examine how competition moderates the way such cheap-talk communication … affects trade between buyers and sellers. For bilateral trade, the literature has identified efficiency, anchoring, and …-binding price requests has a positive effect on efficiency in that it helps trading partners close marginal deals both in bilateral …

Our study compares individual and team bidding in standard auction formats: first-price, second-price and ascending …-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than …

We use data from top-level soccer to examine determinants of individual misbehaviour in team contests. Our estimates …