Random choices of prices and product characteristics can be used by a contestable monopolist to deter entry and fully extract the monopoly rent. We develop this idea in a model of Bertrand price competition. In equilibrium, ...

Establishing dominance is an important mechanism for determining access to resources such as mates or territories. However, levels of aggression and dominance may vary among populations based on history and variation in ...

This paper studies entry decisions in contests with private values. Potential contestants observe their value and the common opportunity cost of entry, and make entry decisions simultaneously. Theory predicts that whether ...

We develop a two-player all-pay auction model where an incumbent competes with an entrant. The incumbent’s valuation is publicly known, whereas the entrant’s valuation is unknown but has a publicly known prior distribution. ...

The National Panorama finals at the Queen's Park Savannah will be the most keenly contested one in years. Defending champions Catelli All Stars will face bands such as Amoco Renegades, Phase II Pan Grove, Vat 19 Fonclaire ...