Showing 1 - 10 of 914
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/10011718621
. This paper analyses the investment incentives of such agents and the role of incumbency advantages in the contest …. Depending on the advantages, an increase in the productivity of the investment can decrease or increase the amount of investment …. The results are applied to autocrats' investment behavior and job specific investment in organizations. …
Persistent link: https://www.econbiz.de/10011409735
We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and … payoffs for both nondiscriminatory and discriminatory (where the reward is contestant-dependent) contests. We derive …
Persistent link: https://www.econbiz.de/10010260048
This paper deals with double lobbying: several bureaucrats participate in joint lobbying to get a high total departmental budget, but they also engage in antagonistic lobbying to reap as high a share of the total budget as possible. The antagonistic lobbying constitutes a contest among the...
Persistent link: https://www.econbiz.de/10011514012
We analyze group contests for public goods by applying the solution concept of an evolutionary stable strategy (ESS …
Persistent link: https://www.econbiz.de/10011409788
quantity-equivalent output to obtain total output in the quantity contest. This latter feature implies that the two contests … are interlinked. Examples abound. There are contests in which there is a prize for the number (quantity) of publications …
Persistent link: https://www.econbiz.de/10011864509
We model the dynamic contest between two players as a game of tug-of-war with a Tullock contest success function (CSF). We show that (pure strategy) Markov perfect equilibrium of this game exists, and it is unique. In this equilibrium - in stark contrast to a model of tug-of-war with an all pay...
Persistent link: https://www.econbiz.de/10012165990
the total number of citations is the same in both contests. In some cases, the total citations contest yields the same …
Persistent link: https://www.econbiz.de/10012119869
This article investigates the impact of the distribution of preferences on equilibrium behavior in conflicts that are modeled as all-pay auctions with identity-dependent externalities. In this context, we define centrists and radicals using a willingness-to-pay criterion that admits preferences...
Persistent link: https://www.econbiz.de/10009533958
Approximately 42% of European public procurement contracts are awarded to a sole bidder. As this market represents about one-seventh of GDP in developed countries, any inefficiency is a first-order concern. This paper examines a Czech reform that prohibited awarding such single-bid contracts....
Persistent link: https://www.econbiz.de/10015211770