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Persistent link: https://www.econbiz.de/10011793384
This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support all major theoretical predictions. In the auction treatment, where winning a...
Persistent link: https://www.econbiz.de/10013316350
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/10014150669
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/10010198496
present results from a laboratory experiment in which two parties can appropriate resources via a contest or, alternatively … compares conflict choices of players in two-against-two, one-against-one, and two-against-one settings. Overall, we find … evidence for a higher propensity to opt for conflict when entering the fight in a group than when having to fight as a single …
Persistent link: https://www.econbiz.de/10014390274
conflict and more intense fighting. …
Persistent link: https://www.econbiz.de/10010198485
We study the role of an imbalance in fighting strengths when players bargain in the shadow of conflict. Our … experimental results suggest: In a simple bargaining game with an exogenous mediation proposal, the likelihood of conflict is … independent of the balance of power. If bargaining involves endogenous demand choices, however, the likelihood of conflict is …
Persistent link: https://www.econbiz.de/10011576771
We examine behavior of subjects in simultaneous and sequential multi-battle contests, where each individual battle is modeled as an all-pay auction with complete information. In simultaneous best-of-three contests, subjects are predicted to make positive bids in all three battles, but we find...
Persistent link: https://www.econbiz.de/10014171475
Persistent link: https://www.econbiz.de/10011901201
lead the groups into different directions but incentivized managers are less capable of inducing very high or low contest …
Persistent link: https://www.econbiz.de/10010340540