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This paper investigates the effects of different prize structures on the effort choices of participants in two-stage elimination contests. A format with a single prize is shown to maximize total effort over both stages, but induces low effort in stage 1 and high effort in stage 2. By contrast, a...
Persistent link: https://www.econbiz.de/10010340562
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Die vorliegende Arbeit untersucht die Auswirkungen von Strukturveränderungen auf das Verhalten von Wettkampfteilnehmern. Im ersten Teil der Arbeit wird das teilspielperfekte Nash-Gleichgewicht in einem mehrstufigen Wettkampfmodell mit paarweiser Elimination und heterogenen Teilnehmern bestimmt....
Persistent link: https://www.econbiz.de/10009715748
Some people have a concern for a fair distribution of incomes while others do not. Does such a concern matter for majority voting on redistribution? Fairness preferences are relevant for redistribution outcomes only if fair-minded voters are pivotal. Pivotality, in turn, depends on the structure...
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This paper studies the vulnerability of the pivotal mechanism with respect to manipulation by groups. In a lab experiment, groups decide on the implementation of various alternatives, some of which imply opposite interests for the two subgroups. We investigate the occurrence of tacit and...
Persistent link: https://www.econbiz.de/10009737525
We seek to answer whether handicaps can restore optimal effort provision by agents in heterogeneous contests. To this end, we study data from swimming relay competitions where swimmers with heterogeneous abilities inherit leads or lags from their previous team members. Inheriting a lead or lag...
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