Showing 1 - 10 of 1,820
study the impact of non-deterrent formal sanctions on voluntary contributions to a public good in a laboratory experiment …
Persistent link: https://www.econbiz.de/10015242138
incorporating behavioral dimensions into the rent-seeking contest, such as (1) the utility of winning, (2) relative payoff …
Persistent link: https://www.econbiz.de/10015243428
The standard theoretical description of rent-seeking contests is that of rational individuals or groups engaging in socially inefficient behavior by exerting costly effort. Experimental studies find that the actual efforts of participants are significantly higher than predicted in the models...
Persistent link: https://www.econbiz.de/10015243589
Despite the wide occurrence of ties in a variety of contest settings, the strategic interaction that arises when ties …
Persistent link: https://www.econbiz.de/10015249570
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
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 …
Persistent link: https://www.econbiz.de/10015235554
This study reports an experiment that examines whether groups can better comply with theoretical predictions than … individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to … individual players. The new findings of our experiment are that groups make 25% lower bids, their bids have lower variance, and …
Persistent link: https://www.econbiz.de/10015238775
A contest is a situation in which individuals or groups expend costly resources while competing to win a specific prize … theory. This dissertation uses experimental methods to provide empirical investigation of different aspects of contest theory … simultaneous lottery contests: a grand contest, two multiple prize settings (equal and unequal prizes), and a contest which …
Persistent link: https://www.econbiz.de/10015238778
potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation … contests which are isomorphic under risk-neutrality. The results indicate that in aggregate the single-prize contest generates … lower expenditures than either the proportional-prize or the multi-prize contest. Interestingly, while the aggregate results …
Persistent link: https://www.econbiz.de/10015238779
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the …
Persistent link: https://www.econbiz.de/10015240013