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We conduct a laboratory experiment to compare the fairness and intensity of round-robin tournaments with three …
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We conduct a laboratory experiment to compare the fairness and intensity of round-robin tournaments with three …
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-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms …
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We provide new experimental evidence which suggests an asymmetric discouragement effect in lottery contests with heterogeneous abilities. Compared to a symmetric contest, subjects invest less effort when facing a stronger opponent, but they invest the same when facing a weaker opponent. Our...
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