Similar Search Results

Bertoletti, Paolo - 2006

seller to reduce the number of fully-informed potential bidders in an all-pay auction. We show that it does not apply if the …

Persistent link: https://www.econbiz.de/10015248033

Competing for Attention

Cotton, Christopher - 2015

We develop a model of lobbying in which a time and resource constrained policymaker first chooses which policy proposals to learn about, before choosing which to implement. The policymaker reviews the proposals of the interest groups who provide the highest contributions. We study how policy...

Persistent link: https://www.econbiz.de/10015248435

Informational Lobbying and Competition for Access

Cotton, Christopher - 2007

In competition for access, interest groups provide contributions to a politician and those that provide the highest contributions win access. Groups with access present information that may influence the politician's beliefs about the socially optimal policy. Because equilibrium contributions...

Persistent link: https://www.econbiz.de/10015218936

A nested contest: Tullock meets the All-Pay Auction

Amegashie, J. Atsu - 2012

(lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if … aggregate efforts in the all-pay auction are higher than the aggregate efforts in the Tullock contest, then aggregate efforts in … the nested contest may not lie between aggregate efforts in the all-pay auction and aggregate efforts in the Tullock …

Persistent link: https://www.econbiz.de/10015234042

All-Pay Auctions with Polynomial Rewards

Bos, Olivier; Ranger, Martin - 2013

This paper examines a perfectly discriminating contest (all-pay auction) with two asymmetric players. We focus on …

Persistent link: https://www.econbiz.de/10015237427

An elimination contest with non-sunk bids

Chiappinelli, Olga - 2014

In this paper we study a multi-stage elimination contest with non-sunk bids: differently from existing literature, we realize that when players are budget-constrained, they do not regard past bids as strategically irrelevant in their decision of how much to bid in following stages. This happens...

Persistent link: https://www.econbiz.de/10015242667

Informational Lobbying and Competition for Access

Cotton, Christopher - 2007

There is substantial evidence that political contributions buy access to politicians. This paper incorporates access into a model of informational lobbying, then uses the access framework to analyze the impact of contribution limits on policy outcomes and representative citizen welfare. In the...

Persistent link: https://www.econbiz.de/10015243439

On the reserve price in all-pay auctions with complete information and lobbying games

Bertoletti, Paolo - 2006

We show that the seller’s optimal reserve price in an all-pay auction with complete information is higher than in a … standard auction. We use our results to re-consider some findings of the literature that models lobbying games as all …

Persistent link: https://www.econbiz.de/10015245923

Behavior in All-Pay Auctions with Ties

Gelder, Alan; Kovenock, Dan; Sheremeta, Roman - 2015

examine an extension of the canonical two-player all-pay auction in which a tie occurs unless one player’s bid exceeds the … standard all-pay auction. We also find that decreasing the fraction of the prize players receive for tying may either increase …

Persistent link: https://www.econbiz.de/10015249570

Analyse de l'impact des coûts de participation sur la stratégie des enchérisseurs dans les Prises de contrôle

Burkart, Mike - 2009

We consider a takeover in which risk neutral bidders must incur participation costs and study their optimal strategy. We found that bidders decision of participation is endogenous. There is a threshold of private participation cost above that a potential bidder will stay out of takeover process....

Persistent link: https://www.econbiz.de/10015215914