Showing 1 - 10 of 1,551
This paper evaluates direct and structural discrimination as a means of increasing efforts in the most widely studied contests. We establish that a designer who maximizes efforts subject to a balanced-budget constraint prefers dual discrimination, namely, change of the contestants ́prize...
Persistent link: https://www.econbiz.de/10010223058
We consider rent-seeking contests between and within two equal-sized groups. Each group adopts one of three sequences: first internal then external contest, first external then internal contest, and simultaneous internal and external contests. Groups cannot unilaterally postpone a contest...
Persistent link: https://www.econbiz.de/10015162741
-type endogenously determined lottery is always superior to an all-pay-auction; it yields larger expected efforts (revenues) for the … contest designer. If the contest can be unfair (structural discrimination is allowed), then the optimal lottery cannot be …
Persistent link: https://www.econbiz.de/10010253177
We analyze mechanisms that are used to allocate dormitory rooms to students at college campuses. Students consist of newcoming freshmen, who do not currently occupy any rooms, and more senior students each of whom occupies a room from the previous year. In addition to the rooms already occupied...
Persistent link: https://www.econbiz.de/10012727189
Persistent link: https://www.econbiz.de/10011482639
Can campaign communications credibly transmit information about candidates' policy intentions? To answer this question, I develop and analyze a game-theoretic model of campaign communication in a two-candidate majority rule election with multidimensional policies. Candidate and voter preferences...
Persistent link: https://www.econbiz.de/10014147381
-type endogenously determined lottery is always superior to an all-pay-auction; it yields larger expected efforts (revenues) for the … optimal lottery is equal to his expected payoff under the optimal all-pay auction …
Persistent link: https://www.econbiz.de/10013096475
In this chapter, we review the recent literature on conflict and appropriation. Allowing for the possibility of conflict, which amounts to recognizing the possibility that property rights are not perfectly and costlessly enforced, represents a significant departure from the traditional paradigm...
Persistent link: https://www.econbiz.de/10014024407
This paper investigates whether distributional conflicts become more likely when groups are involved in the fight. We 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...
Persistent link: https://www.econbiz.de/10014390274
In this paper, we generalize the General Lotto game (budget constraints satisfied in expectation) and the Colonel Blotto game (budget constraints hold with probability one) to allow for battlefield valuations that are heterogeneous across battlefields and asymmetric across players, and for the...
Persistent link: https://www.econbiz.de/10014136851