bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …

other hand, too much competition always makes the equilibrium signaling less informative. -- Signalling ; Competition … violated. It is shown that more competition makes the equilibrium signaling more informative when the level of competition is … moderate. Moreover, the equilibrium signaling can perfectly reveal the ability under a certain level of competition. On the …

violated. It is shown that more competition makes the equilibrium signaling more informative when the level of competition is … moderate. Moreover, the equilibrium signaling can perfectly reveal the ability under a certain level of competition. On the … other hand, too much competition always makes the equilibrium signaling less informative. …

competition, and/or the behavioral impacts of competition. Psychologically, a competitive environment alters incentives for ….e., succeeding in a competition is valuable per se. We design an experiment that allows us to disentangle financial and psychological …

players. At stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition …