In this paper, we first build a simple model with firm heterogeneity that features input and output tariffs in firms’ production decisions. We show that tariff reduction, due to trade liberalisation, has different effects on firms’ profit. Input tariff reduction generates a cost‐saving...

We study the design of information disclosure in a dynamic multi-agent research contest, where each agent privately searches for innovations and submits his best to compete for a winner-takes-all prize. We find that although submission is a onetime event for each agent, different disclosure...

We study all-pay auctions with one-sided private information and interdependent valuations. To sharpen the competition and maximize revenue, the auction organizer can design an information disclosure policy through Bayesian persuasion about the bidder with private information. We characterize...