strategically distorted information. This ambiguity about the type of spy gives rise to a non-standard signaling problem where both …

-price auction model. Finally, we use a specific signaling structure with uniform distributions to show that signaling need not be …

. This provides an opportunity for signaling. Whether there exists an equilibrium in which bids perfectly identify the …

and innovations. In these equilibria, signaling in the entry auction does not occur since contestants play a simple …

This paper analyzes the signaling effect of bidding in a two-round elimination contest. Before the final round, bids in … final round. I analyze this signaling effect and characterize the equilibrium in this game. Compared to the benchmark model …, in which private valuations are revealed automatically before the final round and thus no signaling of bids takes place …

This paper analyzes the signaling effect of bidding in a two-round elimination contest. Before the final round, bids in … final round. I analyze this signaling effect and characterize the equilibrium in this game. Compared to the benchmark model …, in which private valuations are revealed automatically before the final round and thus no signaling of bids takes place …

. This provides an opportunity for signaling. Whether there exists an equilibrium in which bids perfectly identify the …