principals. We first show theoretically how these different degrees of competition affect outcomes and efficiency. Informational …We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … inefficiencies remain. In contrast, when agents compete to be hired, efficiency improves dramatically, and it increases in the …

, and international trade also raise firm efficiency in the industry. Results strongly confirm that market competition …The Slovenian transition represents a slow but steady liberalization of constraints on competition. Using a unique … longitudinal data set on all manufacturing firms in Slovenia over the period 1994-2001, this study analyzes how firm efficiency …

type. We consider a contest with two interest groups: one that is governed by a central planner and one that is not. Rent … dissipation is compared under two well-known contest success functions: the generalized logit and the all-pay auction. We also … resources invested in the contest. …

behavior by presenting a framework of competition between two contestants from two different groups. The results are examined …

Individuals who compete in a contest-like situation (for example, in sports, in promotion tournaments, or in an … appointment contest) may have an incentive to illegally utilize resources in order to improve their relative positions. We analyze …