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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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We examine the effect of publicly disclosing or concealing bidders' types in an all-pay auction with a common bid cap. We call partial (full) disclosure policy the setup where the contest designer's disclosure policy is (not) contingent on type realization. Despite a bid cap possibly increasing...
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This paper develops a model of political contributions in which a politician can either sell policy favors, or sell access. Access allows interest groups to share hard information with the politician in support of their preferred policy. Here selling access maximizes policy utility, while...
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continent, as it amounts to 4% of GDP. If competition is deficient efficiency losses ensue. As we know surprisingly little about … the effectiveness of monitoring and enforcement institutions designed to safeguard competition, we investigate whether the …
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