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environmental valuation. Economic experiments, in the lab or field, are an attractive tool to address intricate incentive and …. Second, direct experimental methods to measure actual values for public and private goods are examined. These experiments ask … affect these values. Third, we survey testbed experiments designed to identify potential incentive problems caused by …
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We investigate the role of information feedback in rent-seeking games with two different contest structures. In the stochastic contest a contestant wins the entire rent with probability equal to her share of rent-seeking expenditures; in the deterministic contest she receives a share of the rent...
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Contest or auction designers who want to maximize the overall revenue are frequently concerned with a trade-off between contest homogeneity and inclusion of bidders with high valuations. In our experimental study, we find that it is not profitable to exclude the most able bidder in favor of...
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