Showing 1 - 10 of 1,557
Using a two-player Tullock-type contest we show that intuitively and structurally different contests can be … equivalent to the original Tullock contest, and provide new examples of strategically equivalent contests. Finally, we discuss … possible contest design applications and avenues for future theoretical and empirical research. …
Persistent link: https://www.econbiz.de/10011107976
We find the sufficient conditions for the existence of multiple equilibria in Tullock-type contests, and show that asymmetric equilibria arise even under symmetric prize and cost structures. We then present existing contests where multiple equilibria exist under reasonably weak conditions.
Persistent link: https://www.econbiz.de/10011109224
We experimentally investigate the effect of social identification and information feedback on individual behavior in contests. In all treatments we find significant over-expenditure of effort relative to the standard theoretical predictions. Identifying subjects through photo display decreases...
Persistent link: https://www.econbiz.de/10011259314
Due to the high costs of conflict both in theory and practice, we examine and experimentally test the conditions under … which conflict between asymmetric agents can be resolved. We model conflict as a two-agent rent-seeking contest for an …
Persistent link: https://www.econbiz.de/10011260837
We construct a generalized Tullock contest under complete information where contingent upon winning or losing, the …
Persistent link: https://www.econbiz.de/10011113445
We apply an indirect evolutionary approach to players' perceived prize valuations in contests. Evolution in finite populations leads to preferences that overstate the prize's material value and induce overexpenditure. We establish an equivalence between the behavior evolutionarily stable...
Persistent link: https://www.econbiz.de/10008615029
evaluate differently the contested stake. Differently from common contest models, agents have the option of choosing a second …
Persistent link: https://www.econbiz.de/10005835709
clash in order to redistribute a divisible prize in their favour. Differently from common contest models agents have the …
Persistent link: https://www.econbiz.de/10005835785
This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...
Persistent link: https://www.econbiz.de/10012824357
In this paper, we consider a model that suggests that the theory of exchange with asymmetric information seems suitable …
Persistent link: https://www.econbiz.de/10011107840