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Häfner, Samuel; Nöldeke, Georg - In: Games 7 (2016) 3, pp. 1-7

In imperfectly discriminating contests with symmetric valuations, equilibrium payoffs are positive shares of the value of the prize. In contrast to a bargaining situation, players’ shares sum to less than one because a residual share of the value is lost due to rent dissipation. In this paper,...

Persistent link: https://www.econbiz.de/10011550537

Assortative matching by lottery contests

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

We study two-sided matching contests with two sets, A and B, each of which includes a finite number of heterogeneous agents with commonly known types. The agents in each set compete in a lottery (Tullock) contest, and then are assortatively matched, namely, the winner of set A is matched with...

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

Optimal accuracy of unbiased tullock contests with two heterogeneous players

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

contest with an all-pay auction equilibrium (r≥2). By contrast, if she aims at maximizing the expected aggregate effort or the …

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

Auctioning the right to play ultimatum games and the impact on equilibrium selection

Shachat, Jason M.; Swarthout, J. Todd - In: Games 4 (2013) 4, pp. 738-753

We auction scarce rights to play the Proposer and Responder positions in ultimatum games. As a control treatment, we … randomly allocate these rights and charge exogenous participation fees. These participation fee sequences match the auction … to a session-specific Nash equilibrium, and auction prices emerge supporting this equilibrium by the principle of forward …

Persistent link: https://www.econbiz.de/10010240820

Moral entitlements and aspiration formation in asymmetric bargaining : experimental evidence from Germany and China

Hennig-Schmidt, Heike; Walkowitz, Gari - In: Games 8 (2017) 4, pp. 1-25

Using a unique experimental data set, we investigate how asymmetric legal rights shape bargainers’ aspiration levels through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe in real life. Our study involves 15 negotiations...

Persistent link: https://www.econbiz.de/10011771180

A model of protocoalition bargaining with breakdown probability

Montero, María - In: Games 6 (2015) 2, pp. 39-56

This paper analyses a model of legislative bargaining in which parties form tentative coalitions (protocoalitions) before deciding on the allocation of a resource. Protocoalitions may fail to reach an agreement, in which case they may be dissolved (breakdown) and a new protocoalition may form....

Persistent link: https://www.econbiz.de/10011316670

Payoff shares in two-player contests

Häfner, Samuel; Nöldeke, Georg - In: Games 7 (2016) 3, pp. 1-7

In imperfectly discriminating contests with symmetric valuations, equilibrium payoffs are positive shares of the value of the prize. In contrast to a bargaining situation, players' shares sum to less than one because a residual share of the value is lost due to rent dissipation. In this paper,...

Persistent link: https://www.econbiz.de/10011709893

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

An equilibrium analysis of Knaster’s fair division procedure

Van Essen, Matthew - In: Games 4 (2013) 1, pp. 21-37

In an incomplete information setting, we analyze the sealed bid auction proposed by Knaster (cf. Steinhaus (1948 …

Persistent link: https://www.econbiz.de/10009753712

Electoral competition with strategic disclosure

Bizzotto, Jacopo; Solow, Benjamin - In: Games 10 (2019) 3/29, pp. 1-17

Recent developments in information and communication technologies allow candidates for office to engage in sophisticated messaging strategies to influence voter choice. We consider how access to different technologies influence the choice of policy platforms by candidates. We find that when...

Persistent link: https://www.econbiz.de/10012062360