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Information feedback and contest structure in rent-seeking games
Fallucchi, Francesco; Renner, Elke; Sefton, Martin - 2012
We investigate the role of information feedback in rent-seeking games with two different contest structures. In the … deterministic contest she receives a share of the rent equal to her share of rent-seeking expenditures. Information feedback has …
Persistent link: https://www.econbiz.de/10009618920
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Implementation in Iterative Elimination of Obviously Dominated Strategies : An Experiment on King Solomon's Dilemma
Hagiwara, Makoto - 2020
) players' behavior. In addition, our experiment suggests that before participating in the auction stage in our mechanism …
Persistent link: https://www.econbiz.de/10012836381
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Sabotage in Contests : A Survey
Chowdhury, Subhasish M. - 2013
A contest is a situation in which individuals expend resources in order to win valuable prize(s). 'Sabotage' is a deliberate, and often costly and illegal, act of damaging a rival's likelihood of winning the contest. It is done by exerting resources to negatively influence the effectiveness of a...
Persistent link: https://www.econbiz.de/10013074732
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Testing the Boundaries of the Double Auction : The Effects of Complete Information and Market Power
Kimbrough, Erik O. - 2018
We report boundary experiments testing the robustness of price convergence in double auction markets for non … of complete information about traders' values and costs and the presence of symmetric market power. We find that complete … information is insufficient to impede convergence to CE prices; however, introducing market power consistently causes prices to …
Persistent link: https://www.econbiz.de/10012934581
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Signaling in Auctions Among Competitors
von Scarpatetti, Benedikt; Wasser, Cédric - 2010
We consider a model of oligopolistic firms that have private information about their cost structure. Prior to competing …
Persistent link: https://www.econbiz.de/10014196760
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Self-Allocation in Contests
Bernergard, Axel - 2017
maximizes aggregate equilibrium effort. For a class of oligopoly models that are equivalent to contests, this implies output …
Persistent link: https://www.econbiz.de/10012947451
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Electricity markets : designing auctions where suppliers have uncertain costs
Holmberg, Pär; Wolak, Frank A. - 2015
We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity markets. It is shown that competition improves for increased market transparency and we identify circumstances where the auctioneer prefers uniform to discriminatory pricing....
Persistent link: https://www.econbiz.de/10011410462
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Self-allocation in contests
Bernergård, Axel; Wärneryd, Karl Erik - 2017
maximizes aggregate equilibrium effort. For a class of oligopoly models that are equivalent to contests, this implies output …
Persistent link: https://www.econbiz.de/10011718621
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Heterogeneous Outside Options in Contests
Grossmann, Martin - 2014
This article describes a large number of contestants with high and low talent who individually decide to enter a contest or take their heterogeneous outside options. We derive a critical condition for which only high types, only low types, or both types participate in the contest. If a contest...
Persistent link: https://www.econbiz.de/10013056052
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A Note on Rent Dissipation in Lottery Contests
Klunover, Doron - 2018
Rent dissipation measures the social loss in rent-seeking contests and therefore is the main source of interest in the rent-seeking literature. We derive narrow bounds for the amount of rent dissipation in a sequential lottery contest within players and show that the rent dissipation is larger...
Persistent link: https://www.econbiz.de/10012924104