We study the optimal entry fee in a symmetric private value first-price auction with signaling, in which the … auction has a unique fully separating equilibrium bidding function. When the bidders' sensibility for the signaling concern is …

informational problems. We show that, as a consequence of this trade-off, more intense competition in unregulated segments of the … can lead to a softer merger policy when competition is weaker. …

decisions), we show how the competition for students between schools and colleges affect outcomes and students' welfare. We also … fierce competition between schools for those students. Finally, we show that although colleges make full use of the …