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If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities …
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This study examines contests in which prizes are affected linearly by aggregate effort. In particular, this research analyzes a contest among individuals as a benchmark to scrutinize the effects of prize externality and sharing-rule information on rent-dissipation rate and social welfare....
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sold at an elevated price. Auction theory posits that the market price discovery mechanism depends on perfect competition … a specific product quality or specification. Hence, price control is a negative externality to auction theory. On the … may introduce a slight economic externality to the prevailing auction theory for price discovery and may be a point of …
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