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choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
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We consider imperfectly discriminating, common-value, all-pay auctions (or contests) where some players know the value of the prize, others do not. We show that if the prize is always of positive value, then all players are active in equilibrium. If the prize is of value zero with positive...
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This paper introduces a class of contest models in which each player decides when to stop a privately observed Brownian …
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