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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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between the realized allocation and the Shapley value. Our experiment shows that H-MC not only results in significantly …
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This paper considers all-pay contests in which the relationship between bids and allocation reflects a small amount of noise. Prior work had focused on one particular equilibrium. However, there may be other equilibria. To address this issue, we introduce a new and intuitive measure for the...
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