This paper studies procurement contracts where a buyer can either divide full production among multiple suppliers or award the entire production to a single supplier. We examine the effect of using multiple suppliers on investment incentives. In a framework of generalized second-price auctions...

We study a one dimensional Hotelling-Downs model of electoral competition with the following innovation: a fraction of candidates have character and are exogenously committed to a campaign platform; this is unobservable to voters. However, character is desirable, and a voter's utility is a...