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This paper uses auction theory to explain the unique design of the 1998-2013 posting system agreed to between Major … highest net surplus from the player win the auction. Changes to the revenue sharing system used in Major League Baseball …
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We analyze the determinants of tacit collusion in an infinitely repeated contest with noise in the contest success function. Sustaining collusion via Nash reversion strategies is easier the more noise there is, and is more difficult the larger is the contest's prize value. An increase in the...
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