uninformed investors can compete to provide funding and his contract offer conveys information to the entrepreneur about project …

can select one of three agents, while in a third treatment an agent may choose between the contract menus offered by two … correspondence between the theoretical predictions and the contract menus actually chosen in each treatment. There is, however, a … tendency to choose more 'generous' (and more efficient) contract menus over time. Competition leads to a substantially higher …

can select one of three agents, while in a third treatment an agent may choose between the contract menus offered by two … correspondence between the theoretical predictions and the contract menus actually chosen in each treatment. There is, however, a … tendency to choose more 'generous' (and more efficient) contract menus over time. We find that competition leads to a …

Suppliers often make proactive investments in capacity to strategically position themselves to win a contract with a … Generous (let everyone have a shot at winning the contract) …