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This paper analyzes the effect of competition in a dynamic contest in which agents of two types (A and B) differ in …{k}{n} determines the proportion of winning agents in each group. This ratio also describes the strength of competition in the group …: the lower \frac{k}{n} is, the higher the level of competition is. Our results show that type A eventually dominates the …
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We study the following game: each agent i chooses a lottery over nonnegative numbers whose expectation is equal to his budget b_i. The agent with the highest realized outcome wins (and agents only care about winning). This game is motivated by various real-world settings where agents each choose...
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We propose a new procurement procedure which allocates shares of the total amount to be procured depending on the bids of suppliers. Among the properties of the mechanism are:(i) Bidders have an incentive to participate in the procurement procedure, as equilibrium payoffs are strictly...
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competition among counties. The present paper highlights the situation in which the citizens of two countries have the opportunity …
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