Two potentially asymmetric players compete for a prize of common value, which is initially unknown, by exerting efforts. A designer has two instruments for contest design. First, she decides whether and how to disclose an informative signal of the prize value to players. Second, she sets the...

An incumbent employee competes against a new hire for bonus or promotion. The incumbent's ability is commonly known, while that of the new hire is private information. The incumbent is subject to a perceptional bias: His prior about the new hire's type differs from the true underlying...

On Monday, May 12, 2008, a devastating mega-earthquake of magnitude 8.0 struck the Wenchuan area, northwestern Sichuan Province, China. The focal mechanism of the earthquake was successive massive rock fracturing 15 km in depth at Yingxiu. Seismic analysis confirms that the major shock occurred...