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This paper considers the optimal design of dynamic research contests when the buyer can set time-dependent prizes. We derive the buyer-optimal contest and show that it entails an increasing prize schedule. Remarkably, this allows the buyer to implement a global stopping rule. In particular, the...
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The article introduces experimental economics as a teaching tool and as an analytical instrument in a competition … policy context. Based on experimental data from two training sessions in two different competition authorities, the … relevance in a competition law context are discussed. Furthermore the article discusses the analytical value of the approach in …
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