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into the allpay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the …
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the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation …
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the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation …
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