We analyze how a contest organizer chooses the winner when the contestants.efforts are already exerted and commitment … to the use of a given contest success function is not possible. We define the notion of rationalizability in mixed …-strategies to capture such a situation. Our approach allows to derive different contest success functions depending on the aims and …

We analyze how a contest organizer chooses the winner when the contestants.efforts are already exerted and commitment … to the use of a given contest success function is not possible. We define the notion of rationalizability in mixed …-strategies to capture such a situation. Our approach allows to derive different contest success functions depending on the aims and …

In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I … political competition. Further- more, it could be the case that candidates are not forced to undertake the same policies in …

contest experiments: (i) overbidding relative to the standard Nash equilibrium prediction and (ii) heterogeneous behavior of … ex-ante symmetric contestants. Based on the sample of contest experiments that we review, the median overbidding rate is …

Many real-world conflicts are to some extent determined randomly by noise. The way in which noise is modeled in contest … collusion via Nash reversion strategies is easier the more noise there is and more difficult the larger the contest's prize … value, while an increase in the contest's number of players can make sustaining collusion either more or less difficult, all …

from each contest in a laboratory experiment. Equilibrium and observed efforts are highest in winner-take-all contests … behavior across different types of contests, with subjects exerting higher effort in one contest also exerting higher effort in … another contest. …

— specifically, the lottery and auction contest success functions (CSFs). Consistent with equilibrium in the auction CSF model …