Competition in or for the Field: Which is Better?
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In many circumstances, a principal, who wants prices to be as low as possible, must contract with agents who would like to charge the monopoly price. This paper compares a Demsetz auction, which awards an exclusive contract to the agent bidding the lowest price (competition for the field) with
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美国国家经济研究局创建时间：
2002-04-01
