Showing 1 - 10 of 254
We investigate a version of the classic Colonel Blotto game in which individual battles may have different values. Two players allocate a fixed budget across battlefields and each battlefield is won by the player who allocates the most to that battlefield. The winner of the game is the player...
Persistent link: https://www.econbiz.de/10010224988
In this paper we examine voluntary contributions to a public good when the timing of contributions is endogenously determined by contributors, focusing on the simple quasi-linear setting with two players (Varian, 1994). We show that the move order that is predicted to emerge is sensitive to how...
Persistent link: https://www.econbiz.de/10003839118
Persistent link: https://www.econbiz.de/10011479987
This paper models the stolen base play in baseball as a simple inspection game. The model offers equilibrium predictions relating the frequency with which a stolen base play is attempted, and the frequency with which it is successful. Using an extensive play-by-play dataset from 37 Major League...
Persistent link: https://www.econbiz.de/10014142919
We analyze symmetric, two-bidder all-pay auctions with interdependent valuations and discrete type spaces. Relaxing previous restrictions on the distribution of types and the valuation structure, we present a construction that characterizes all symmetric equilibria. We show how the search...
Persistent link: https://www.econbiz.de/10014144993
We study experimentally the effects of cost structure and prize allocation rules on the performance of rent-seeking contests. Most previous studies use a lottery prize rule and linear cost, and find both overbidding relative to the Nash equilibrium prediction and significant variation of...
Persistent link: https://www.econbiz.de/10013054126
One of the original objectives of the (logit) quantal response equilibrium (LQRE) model was to provide a method for structural estimation of behaviour in games, when behaviour deviated from Nash equilibrium predictions. To date, only Chapter 6 of the book on quantal response equilibrium by...
Persistent link: https://www.econbiz.de/10014357415
We report data on the experimental articles published in the last two decades in seven prominent, general-interest economics journals, considering laboratory and other types of experiments separately. In addition, we also look at time trends in the characteristics of the published experimental...
Persistent link: https://www.econbiz.de/10013215215
We re-analyse participant behaviour in standard economics experiments studying voluntary contributions to a public good. Previous approaches were based in part on a priori models of decision-making, such as maximising personal earnings, or reciprocating the behaviour of others. Many participants...
Persistent link: https://www.econbiz.de/10012960638
We experimentally contrast mathematical versus operational explanations of Tullock lottery contests. We contrast a protocol explaining the contest in terms of probability of winning, with an operational approach that carries out the random component of the contest as an explicit lottery each...
Persistent link: https://www.econbiz.de/10012960639