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We investigate the pure-strategy Nash equilibria of asymmetric, winner-take-all, imperfectly discriminating contests, focussing on existence, uniqueness and rent dissipation. When the contest success function is determined by a production function with decreasing returns for each contestant,...
Persistent link: https://www.econbiz.de/10005753219
We analyze existence, uniqueness and properties of equilibria in incompletely discriminating Tullock contests with logistic contest success functions, when contestants are risk averse. We prove that a Nash equilibrium for such a contest exists, but give an example of a symmetric contest with...
Persistent link: https://www.econbiz.de/10010593369
A game is fully aggregative if payoffs and marginal payoffs depend only on a player’s own strategy and a function of the strategy profile which is common to all players. We characterize the form which this function must take in such a game and show that the game will be strategically...
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Using the first two waves of the Vietnam Living Standards Survey, we investigate how a father’s temporary absence affects children left behind in terms of their school attendance, household expenditures on education, and nonhousework labor supply in the 1990s. The estimating subsample is...
Persistent link: https://www.econbiz.de/10005014568
We analyze a model of the migrant smuggling market where smugglers differ in the capacity to exploit their clients' labor at the destination. We suggest that destination countries with limited resources may prefer to improve the apprehension of smugglers and their clients at the border rather...
Persistent link: https://www.econbiz.de/10008488428
This study contributes to the small theoretical literature on human smuggling by assuming for the first time asymmetric information in analysis. The assumption raises the possibility of an adverse selection equilibrium where only exploitative smugglers are employed at a low fee even though...
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