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We study all-pay auctions with private and affiliated binary values. To increase revenue (i.e., expected aggregate bid), the auction organizer can commit ex ante to fully disclosing or concealing bidders’ valuations. We find that full disclosure, as opposed to full concealment, always...
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This paper studies the effects of head starts in innovation contests. We analyze a two- firm winner-takes-all contest in which each firm decides when to stop a privately observed search for innovations (with recall). The firm with a superior innovation at the outset has a head start. The firm...
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In multi-round elimination tournaments, players experience "psychological momentum". We re-consider the design of elimination tournament plan, by taking into account of various types of psychological momentum. The results show that if there is negative psychological momentum, either persistent...
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Warehousing is becoming more and more a critical activity in the supply chain to outperform competitors on customer service, lead times, and costs. However, if warehousing is to be a source of competitive advantage, then the implementation of a warehouse management information system (WMS) is a...
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Parallel machine scheduling problems concern the scheduling of n jobs on m machines to minimize some function of the job completion times. If preemption is not allowed, then most problems are not only NP-hard, but also very hard from a practical point of view. In this paper, we show that strong...
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