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with the help of two experimental manipulations. First, we compare results from a very simple common-value auction game … assistance in belief formation changes subjects' play significantly in the auction game. Overall, the results suggest that the …
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Until recently, government procurement bidding processes have generally favored domestic firms by awarding the contract to a domestic firm even if a foreign firm tenders a lower bid, so long as the difference between the two is sufficiently small. This has been replaced by an agreement...
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