This paper starts by analyzing the consequences that technical and economic charactcristics of network industries have for the relationship between competition and regulation in these industries. A discussion of alternative regulatory rules shows that normative regulatory economics does not...

This paper considers incentives for information acquisition ahead of conflicts. We characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information. The type of one player is common knowledge. The type of the other player is drawn from a...