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A survey of experimental research on contests, all-pay auctions and tournaments

Dechenaux, Emmanuel; Kovenock, Dan; Sheremeta, Roman M. - 2012

Many economic, political and social environments can be described as contests in which agents exert costly efforts … while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all …-pay auctions and rankorder tournaments. This survey provides a review of experimental research on these three canonical contests …

Persistent link: https://www.econbiz.de/10010311082

Information acquisition in conflicts

Morath, Florian; Münster, Johannes - 2009

This paper considers incentives for information acquisition ahead of conflicts. We characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information. The type of one player is common knowledge. The type of the other player is drawn from a...

Persistent link: https://www.econbiz.de/10010306972

Altruism and envy in contests: an evolutionarily stable symbiosis

Konrad, Kai A. - 2002

Altruists and envious people who meet in contests are symbionts. They do better than a population of narrowly rational …

Persistent link: https://www.econbiz.de/10010306976

Sabotage in dynamic tournaments

Gürtler, Oliver; Münster, Johannes - 2009

This paper studies sabotage in a dynamic tournament. Three players compete in two rounds. In the final round, a player who is leading in the race, but not yet beyond the reach of his competitors, gets sabotaged more heavily. As a consequence, if players are at the same position initially, they...

Persistent link: https://www.econbiz.de/10010306984

Contests with investment

Münster, Johannes - 2006

Perfectly discriminating contests (or all pay auction) are widely used as a model of situations where individuals … devote resources to win some prize. In reality such contests are often preceded by investments of the contestants into their …

Persistent link: https://www.econbiz.de/10010307018

Merger and collusion in contests

Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001

Competition in some product markets takes the form of a contest. If some firms cooperate in such markets, they must decide how to allocate effort on each of their products and whether to reduce the number of their products in the competition. We show how this decision depends on the convexity...

Persistent link: https://www.econbiz.de/10010307019

Investment in the absence of property rights: the role of incumbency advantages

Konrad, Kai A. - 2001

In many situations the individuals who can generate some output must enter a contest for appropriating this output. 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...

Persistent link: https://www.econbiz.de/10010307034

Employment protection and product market competition

Kessing, Sebastian - 2002

. Für den Benchmarkfall, in dem der Wettbewerb zwischen den Unternehmen die Form eines Contests annimmt, überwiegt der …

Persistent link: https://www.econbiz.de/10010307043

Strategic aspects of fighting in alliances

Konrad, Kai A. - 2011

This paper surveys some of the strategic aspects that emerge if players fight in an alliance against an enemy. The survey includes the free-rider problem and the hold-up problem that emerges in the baseline model, the role of supermodularity in alliance members' effort contributions, the role of...

Persistent link: https://www.econbiz.de/10010307683

Exclusion in the all-pay auction: An experimental investigation

Fehr, Dietmar; Schmid, Julia - 2014

Contest or auction designers who want to maximize the overall revenue are frequently concerned with a trade-off between contest homogeneity and inclusion of bidders with high valuations. In our experimental study, we find that it is not profitable to exclude the most able bidder in favor of...

Persistent link: https://www.econbiz.de/10010397878