The COVID-19 pandemic is a global crisis which has witnessed consumers experiencing significant anxiety provoked by the threats to their health and even lives. Meanwhile, consumers have been observed to make more ethical purchases since the start of the pandemic. Drawing on literature on terror...

This paper contributes to the literature that examines the effects of disclosing the actual number of bidders in contests with stochastic entry by considering resource constraint. We study an all-pay auction with complete information. The auction entails one prize and $n$ potential bidders. Each...

This note analyzes the effects of a bid cap in an all-pay auction with incomplete information. I find that a non-trivial bid cap affects an agent's expected payment in three ways: An "anti-competition effect" which is associated with this agent's own signal, a pro-competition "good news effect"...