Showing 1 - 10 of 712
Persistent link: https://www.econbiz.de/10011528138
This paper proposes the Stochastic-Share Contest, a novel contest format that combines the Winner-Take-All Contest and the Proportional-Prize Contest, with the former nesting the latter two as special cases. Motivated by the experimental contest literature, we include risk aversion and a "joy of...
Persistent link: https://www.econbiz.de/10014080727
In this paper, we seek to determine if auctions can be used to select players according to their level-k types. To do so, we embed auctions into the p- beauty contest game. We find that by using different designs, we can get the auction winners to be either the lower level-k types or the higher...
Persistent link: https://www.econbiz.de/10012863078
We establish the existence and uniqueness of pure-strategy equilibrium in two-worker rank order contests with sabotage …
Persistent link: https://www.econbiz.de/10012992767
This paper reports the experimental results of implicit pre-play communication on the equilibrium selection in … to play. Once reached the Pareto-dominant equilibrium in the second stage, the auction price at the first stage increased … public goods game single subjects deviated from the equilibrium strategy. Yet, robustness of the full contribution …
Persistent link: https://www.econbiz.de/10014136062
In this note I give a full characterization of all deterministic direct mechanisms in the public good provision problem with independent private values that are dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced.
Persistent link: https://www.econbiz.de/10010337703
Similar to Levati and Neugebauer (2001), a clock is used by which participants can vary their individual contributions for voluntarily providing a public good. As time goes by, participants either in(de)crease their contribution gradually or keep it constant. Groups of two poorly and two richly...
Persistent link: https://www.econbiz.de/10009620765
Previous research indicates that risky and uncertain marginal returns from the public good significantly lower contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed parameterization. Specifically, if the value of the...
Persistent link: https://www.econbiz.de/10003887174
equilibrium bidding functions for the agents, and find the optimal minimum price for the auctioneer when such functions are used … by the bidders. We also examine another interesting family of equilibrium bidding functions for this case, with a …
Persistent link: https://www.econbiz.de/10014065955
constructed game. We find that the prize sharing rules may indeed be chosen by both groups in an equilibrium of a Coordination … game, where the other equilibrium is both groups choosing the cooperative rule. However, the equilibrium with cooperative … of risk dominance and security principle, we find that indeed the equilibrium with the prize sharing rules may be chosen …
Persistent link: https://www.econbiz.de/10012829843