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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/10009367897
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/10010265974
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/10010306996
Persistent link: https://www.econbiz.de/10005573688
In G. Tullock's rent-seeking model, the probability that a player wins the game depends on expenditures raised to the power R. The authors show that a symmetric mixed-strategy Nash equilibrium exists when R "is greater than" 2, and that overdissipation of rents does not arise in any Nash...
Persistent link: https://www.econbiz.de/10005674597
Gordon Tullock's analysis of rent seeking and overdissipation is reconsidered. The authors show that, while equilibrium strategies do not permit overdissipation in expectation, for particular realizations of players' mixed strategies the total amount spent competing for rents can exceed the...
Persistent link: https://www.econbiz.de/10005674993
Persistent link: https://www.econbiz.de/10011569129
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/10003854423
Persistent link: https://www.econbiz.de/10003906966
Persistent link: https://www.econbiz.de/10010104611