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This paper analyzes a contest in which defenders move first, have private information about the value of the objects they are trying to protect, and determine the observability of their defense efforts. The equilibrium consistent with the intuitive criterion depends on the distribution of...
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This paper models privatization as a cooperative game between the government, a trade union and the private … shareholders. These players know that privatization increases the efficiency of a firm, but only the management of the firm knows …
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