We analyze the dynamics of takeover contests where hostile raiders compete against white knights involved by a lead …

-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that … economic environments, as well as in classic contests adapted to recent experimental and behavioral models where individuals …&D races, models of ligitation, and a host of other contests. …

efficient allocation of the objects for sale, especially when the bidders impose strong negative externalities upon each other …

informational externalities (PIE). This assumption implies upward drifting price sequences at sequential auctions, which is … environment, in which the bidders' values can exhibit both PIE and NIE (negative informational externalities). The case of NIE can …