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from each contest in a laboratory experiment. Equilibrium and observed efforts are highest in winner-take-all contests …
Persistent link: https://www.econbiz.de/10015259132
This experiment compares the performance of two contest designs: a standard winner-take-all tournament with a single …
Persistent link: https://www.econbiz.de/10015238776
This paper begins with a survey of the literature on the political economy approaches to labor income taxation. We focus on recent progress made by examining in detail the specific properties of non-linear taxes derived in the context of voting. Next, we present new results on the existence of...
Persistent link: https://www.econbiz.de/10015213424
Considerable experimental evidence has been collected on how to solve the public-good dilemma. In a 'first generation' of experiments, this was done by presenting subjects with a pre-specified game out of a huge variety of rules. A 'second generation' of experiments introduced subjects to two...
Persistent link: https://www.econbiz.de/10015217937
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...
Persistent link: https://www.econbiz.de/10015219145
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...
Persistent link: https://www.econbiz.de/10015220039
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/10015222884
In the proto-coalition model of government formation, formateur F appoints a proto-coalition and asks its members whether to start negotiating a coalition contract. If all accept, then the proto-coalition forms and starts negotiating; otherwise a caretaker government assumes office. I extend...
Persistent link: https://www.econbiz.de/10015223114
In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I will introduce a new expression for the balanced-budget constraint, no longer based on lump- sum transfers as in the traditional literature, but rather on more realistic labour...
Persistent link: https://www.econbiz.de/10015223436
The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...
Persistent link: https://www.econbiz.de/10015227875