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Winner-Take-All and Proportional-Prize Contests: Theory and Experimental Results

Cason, Timothy; Masters, William; Sheremeta, Roman - 2018

. Lotteries and proportional-prize contests have the same Nash equilibrium, but empirically, lotteries induce higher efforts and …This study provides a unified framework to compare three canonical types of contests: winner-take-all contests won by … the best performer, winner-take-all lotteries where probability of success is proportional to performance, and …

Persistent link: https://www.econbiz.de/10015259132

Welfare Maximizing Contest Success Functions when the Planner Cannot Commit

Corchon, Luis - 2009

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

Welfare Maximizing Contest Success Functions when the Planner Cannot Commit

Corchon, Luis; Dahm, Matthias - 2009

Persistent link: https://www.econbiz.de/10015220039

On the evolution of prize perceptions in contests

Boudreau, James W.; Shunda, Nicholas - 2010

We apply an indirect evolutionary approach to players' perceived prize valuations in contests. Evolution in finite …

Persistent link: https://www.econbiz.de/10015222884

A Single-Mindedness model with n generations

Emanuele, Canegrati - 2007

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

Overbidding and Heterogeneous Behavior in Contest Experiments

Sheremeta, Roman - 2013

We provide an overview of experimental literature on contests and point out the two main phenomena observed in most …

Persistent link: https://www.econbiz.de/10015235554

The Role of Noise in Alliance Formation and Collusion in Conflicts

Boudreau, James W.; Sanders, Shane; Shunda, Nicholas - 2017

Many real-world conflicts are to some extent determined randomly by noise. The way in which noise is modeled in contest success functions (CSFs) has has important implications both for the possibility of forming cooperative relationships as well as for the features of such relationships. In a...

Persistent link: https://www.econbiz.de/10015257545

Clientelism and Violence: The Politics of Informal Economy

Sarkar, Abhirup; Sinha, Abhinandan - 2018

Large informal economy and high violence in daily political life are two demarcating features of Less Developed Countries (L.D.C.s). Is there a causal link? A possible channel is political clientelism, which arises from the need to protect the livelihood of informal sector workers in a...

Persistent link: https://www.econbiz.de/10015259048

The attack and defense of weakest-link networks

Kovenock, Dan; Roberson, Brian; Sheremeta, Roman - 2018

We experimentally test the qualitatively different equilibrium predictions of two theoretical models of attack and defense of a weakest-link network of targets. In such a network, the attacker’s objective is to assault at least one target successfully and the defender’s objective is to...

Persistent link: https://www.econbiz.de/10015261744

The Attack and Defense Games

Sheremeta, Roman - 2018

The attack and defense game is a game in which an attacker (a group of attackers) has an incentive to revise the status quo and a defender (a group of defenders) wants to protect it. The asymmetry in objectives creates incompatible interests and results in a mixed-strategy Nash equilibrium....

Persistent link: https://www.econbiz.de/10015264993