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sequential contests, theory predicts sizable bids in the first battle and no bids in the subsequent battles. Contrary to this …
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design a contract that consists of a fixed payment and an incentive component. In the second part, students take the role of …
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design a contract that consists of a fixed payment and an incentive component. In the second part, students take the role of …
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We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the …
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