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constructions, for which learnability has been much debated. Here, we present a new experiment which tests these learnability …
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This paper models, and experimentally simulates, the free-rider problem in a takeover when the raider has the option to … “resolicit,” that is, to make a new offer after an offer has been rejected. In theory, the option to resolicit, by lowering offer … credibility, increases the dissipative losses associated with free riding. In practice, the outcomes of our experiment, while …
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