efficiency. Also, of the three novelties introduced in our experiment -tiered structure, multiple matches and known priority …

This paper tests the insiders’ dilemma hypothesis in a laboratory experiment. The insiders’ dilemma means that a …

competition for matches may solve hold-up and coordination problems generated by the absence of complete contingent contracts. In … particular, this Paper shows that when matching is assortative and sellers’ investments precede market competition then … competition. These inefficiencies lead to sellers’ under-investments due to a hold-up problem but, when competition is at its peak …

complements this pattern is reinforced while under competition in substitutes the principals trade off the benefits of …

This Paper reports a randomized field experiment in which first year economics and business students at the University … particular, students with high maths skills and students with higher educated fathers have higher passing rates and collect more … treatment status, these students claim that they have studied harder as a consequence of the rewards. …

We study two-stage political contests with private entry costs. We show that these political contests could be …