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This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support all major theoretical predictions. In the auction treatment, where winning a...
Persistent link: https://www.econbiz.de/10005034634
where no contestant would wish to change his choice of contest, results in the allocation of players to contests that … maximizes aggregate equilibrium effort. For a class of oligopoly models that are equivalent to contests, this implies output …
Persistent link: https://www.econbiz.de/10012947451
We investigate situations in which players make costly contributions as group members in a group conflict, and at the same time engage in contest with fellow group members to appropriate the possible reward. We introduce within group power asymmetry and complementarity in members' efforts, and...
Persistent link: https://www.econbiz.de/10013030322
This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support all major theoretical predictions. In the auction treatment, where winning a...
Persistent link: https://www.econbiz.de/10013316350
I consider a model in which an asset owner must decide how much to invest in his asset mindful of the fact that an encroacher’s valuation of the asset is increasing in the asset owner’s investment. Due to incomplete property rights, the encroacher and asset owner engage in a contest over the...
Persistent link: https://www.econbiz.de/10005013039
We analyze Nash equilibria of share and probabilistic contests when players have distributional preferences. If players … the value of the prize (overdissipation), and they are also in line with the findings for share contests. If players are …
Persistent link: https://www.econbiz.de/10010636590
We analyze equilibria of two-player contests where players have intention-based preferences. We find that players …
Persistent link: https://www.econbiz.de/10010608711
History is replete with overt discrimination on the basis of race, gender, age, citizenship, ethnicity, marital status, academic performance, health status, volume of market transactions, religion, sexual orientation, etc. However, these forms of discrimination are not equally tolerable. For...
Persistent link: https://www.econbiz.de/10005094272
We examine the effect of the interaction between resource rents and democracy on corruption for a panel of 29 Sub-Saharan countries during the period from 1985 to 2007. We find that higher resource rents lead to more corruption and that the effect is significantly stronger in less democratic...
Persistent link: https://www.econbiz.de/10013092386
This paper investigates how heterogeneity in contestants’ investment costs affects the competition intensity in a dynamic elimination contest. Theory predicts that the absolute level of investment costs has no effect on the competition intensity in homogeneous interactions. Relative cost...
Persistent link: https://www.econbiz.de/10013315707