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Within-group communication in competitive coordination games has been shown to increase competition between groups and … using a laboratory experiment. The experiment shows that although asymmetric communication is not as harmful as symmetric … communication, it leads to more aggressive competition and lower efficiency relative to the case when neither group can communicate …
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competition and lower efficiency. We report an experiment in which two groups compete in a weakest-link contest by expending … both groups leads to even more aggressive competition and the lowest payoffs to both groups. Despite such a “harmful …
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The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...
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