Showing 1 - 10 of 1,703
the budget limits of all players who are within the same alliance, and then decide independently about their own contest …
Persistent link: https://www.econbiz.de/10010307679
This paper studies a contest in which players with unobservable types may form an alliance in a pre-stage of the game … effort choice in the contest and there exist equilibria in which all types prefer to form an alliance. If the formation of an …
Persistent link: https://www.econbiz.de/10010487890
advantaged in the grand (organization-wide) contest for two reasons: First, the incentive to free-ride is smaller in inter …-divisional contests. Second, competition in the intra-divisional contest is less fierce. Both effects induce a higher marginal utility of … effort provision. We test the model in a laboratory experiment and confirm its main predictions. Our results have important …
Persistent link: https://www.econbiz.de/10015193595
present results from a laboratory experiment in which two parties can appropriate resources via a contest or, alternatively …, take an outside option. Keeping monetary gains expected from fighting constant across all treatments, the experiment …
Persistent link: https://www.econbiz.de/10014476174
A typical empirical study involves choosing a sample, a research design, and an analysis path. Variation in such choices across studies leads to heterogeneity in results that introduce an additional layer of uncertainty not accounted for in reported standard errors and confidence intervals. We...
Persistent link: https://www.econbiz.de/10014476332
Victorious alliances often fight about the spoils of war. We consider experimentally when members of victorious alliances accept a peaceful division of the spoils, and when they fight against each other, and how the inability to commit to a peaceful division affects their effort contributions in...
Persistent link: https://www.econbiz.de/10010309020
We study endogenous group formation in tournaments employing experimental threeplayer contests. We find that players in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an alliance. Also, players who are committed to expending...
Persistent link: https://www.econbiz.de/10010312828
In a contest players compete for winning a prize by effort and thereby increasing their probability of winning … systematically varies with the composition of different types of agents in a contest. Moreover, if the saboteur's identity is …
Persistent link: https://www.econbiz.de/10010263109
This paper experimentally investigates the effect of limits on campaign spending and outcome in an electoral contest … candidates are asymmetric only in that the incumbent wins the contest in case of a tie. Theory predicts that in the presence of …
Persistent link: https://www.econbiz.de/10010291825
We study endogenous group formation in tournaments employing experimental three-player contests. We find that players in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an alliance. Also, players who are committed to expending...
Persistent link: https://www.econbiz.de/10010333950