The paper studies a repeated contest when contestants are uncertain about their true abilities. A favourable belief about one's own ability (confidence) stimulates effort and increases the likelihood of success. Success, in turn, reinforces favourable beliefs. We consider a specific example in...

We study information disclosure and diversification in contests with technological uncertainty, where agents can pursue different technologies to compete in the contest, but there is uncertainty regarding which will be implemented ex post. The principal can credibly reveal some information about...

We examine the comparative effectiveness of three alternative licensing systems in professional football. The three systems’ main concern is with the promulgation of responsible financial behaviour among football clubs. To that effect, all three systems rely on entry control and ex ante budget...

We study the impacts of social interactions on competing firms' quality differentiation, pricing decisions, and profit performance. Two forms of social interactions are identified and analyzed: 1) market expansion effect (MEE) -- the total market expands as a result of both firms' sales; and 2)...