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smaller CRAs and new incumbents are the increase of market share as well as reputation. Therefore, the market competition …
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period of the game. Lowering their time horizon or raising competition reduces their contributions. Also, the more … synergies. Finally, the optimal competition intensity is analysed from a social welfare point of view …
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schemes. Our results are affirmative. We show that the more individuals are inequity and competition averse, (i) the lower is …
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