We study the incentives to share private information ahead of contests, such as markets with promotional competition, procurement contests, or R&D. We consider the cases where firms have (i) independent values and (ii) common values of winning the contest. In both cases, when decisions to share...

This paper studies the institutional design of newspaper and periodical wholesale. Motivated by recent developments in Germany, we compare the efficiency properties of two alternative regimes for determining the wholesale margins: collective bargaining (as practised in Germany for the last...