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Many auctions and procurement contests entail nontrivial bidding costs, which makes the bidders' participation decisions endogenous to the auction design. We analyze the effect of different auction rules on potential bidders' incentives to participate. We focus on first-price auctions with...
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then be interpreted as a measure of between-group persistence. We develop a flexible estimation approach using distribution …
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latter generate their own demand for skills. In turn, high wages for skilled labor raise the demand for a broad range of …
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