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Transparency and government reputation : an experiment on signaling

Otálvaro-Ramírez, Susana; Scartascini, Carlos G.; … - 2025

Transparency initiatives are well-known tools to foster trust and empower citizens. To explain why some governments introduce them but others do not, we model these initiatives as a signal that complements the information provided by visible government performance and conduct a randomized survey...

Persistent link: https://www.econbiz.de/10015197814

Rent dissipation in simple Tullock contests

Dickson, Alex; Mackenzie, Ian A.; Sekeris, Petros - In: Games 13 (2022) 6, pp. 1-11

We investigate observed rent dissipation-the ratio of the total costs of rent seeking to the monetary value of the rent-in winner-take-all and share contests, where preferences are more general than usually assumed in the literature. With concave valuation of the rent, we find that contests can...

Persistent link: https://www.econbiz.de/10014418203

On the optimal design of biased contests

Fu, Qiang; Wu, Zenan - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 4, pp. 1435-1470

contestants, which varies the balance of the playing field. A generalized lottery contest typically yields no closed …-form equilibrium solutions, which nullifies the usual implicit programming approach to optimal contest design and limits analysis to … technique applies to a broad array of contest design problems, and the analysis it enables generates novel insights into …

Persistent link: https://www.econbiz.de/10012415462

Optimal accuracy of unbiased tullock contests with two heterogeneous players

Sahm, Marco - In: Games 13 (2022) 2, pp. 1-6

I characterize the optimal accuracy level r of an unbiased Tullock contest between two players with heterogeneous prize … contest with an all-pay auction equilibrium (r≥2). By contrast, if she aims at maximizing the expected aggregate effort or the … winner's expected effort, she will choose a contest with a pure-strategy equilibrium, and the optimal accuracy level r<2 …

Persistent link: https://www.econbiz.de/10013172435

Assortative matching by lottery contests

Cohen, Chen; Rabi, Ishay; Sela, Aner - In: Games 13 (2022) 5, pp. 1-20

agents with commonly known types. The agents in each set compete in a lottery (Tullock) contest, and then are assortatively …

Persistent link: https://www.econbiz.de/10014418053

Bilateral trade with a benevolent intermediary

Eilat, Ran; Pauzner, Ady - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 4, pp. 1655-1714

We study intermediaries who seek to maximize gains from trade in bilateral negotiations. Intermediaries are players: they cannot commit to act against their objective function and deny, in some cases, trade they believe to be beneficial. This impairs their ability to assist the parties relative...

Persistent link: https://www.econbiz.de/10012806593

Why do countries in financial distress strategically delay seeking help?

Tsoulouhas, Theofanis C. - In: Journal of government and economics : JGE 2 (2021), pp. 1-11

The paper differs from current literature by providing a systematic analysis of the relationship between sovereign debt, financial distress and political career concerns via a novel game-theoretic model, in order to analyze the strategic behavior of governments in revealing financial distress...

Persistent link: https://www.econbiz.de/10012803215

Why do voters support procyclical fiscal policies? : experimental evidence from Latin America

Ardanaz, Martin; Hübscher, Evelyne; Keefer, Philip; … - 2023

Governments often pursue procyclical fiscal policies, even though they reduce voter welfare. Is this because voters actually prefer procyclical policies? The analysis in this paper exploits the first individual-level evidence from an original survey of 12,000 respondents in 8 countries across...

Persistent link: https://www.econbiz.de/10014460802

The Texas shoot-out under Knightian Uncertainty

Bauch, Gerrit; Riedel, Frank - 2022

The allocation of a co-owned company to a single owner using the Texas Shoot-Out mechanism with private valuations is investigated. We identify Knightian Uncertainty about the peer's distribution as the reason for its deterrent effect of an immature dissolving. Modeling uncertainty by a compact...

Persistent link: https://www.econbiz.de/10013174846

Communication with forgetful liars

Jehiel, Philippe - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 605-638

I consider multi-round cheap talk communication environments in which, after a lie, the informed party has no memory of the content of the lie. I characterize the equilibria with forgetful liars in such settings assuming that a liar's expectation about his past lie coincides with the equilibrium...

Persistent link: https://www.econbiz.de/10012587426