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The standard theoretical description of rent-seeking contests is that of rational individuals or groups engaging in …
Persistent link: https://www.econbiz.de/10011111074
We provide an overview of experimental literature on contests and point out the two main phenomena observed in most …
Persistent link: https://www.econbiz.de/10011111684
We analyze equilibria of two-player contests where players have intention-based preferences. We find that players …
Persistent link: https://www.econbiz.de/10010608711
We analyze Nash equilibria of share and probabilistic contests when players have distributional preferences. If players … the value of the prize (overdissipation), and they are also in line with the findings for share contests. If players are …
Persistent link: https://www.econbiz.de/10010636590
We introduce three variations of the Hirshleifer-Skaperdas conflict game to study experimentally the effects of post-conflict behavior and repeated interaction on the allocation of effort between production and appropriation. Without repeated interaction, destruction of resources by defeated...
Persistent link: https://www.econbiz.de/10010959704
We study a 2-player Blotto game where the n items have asymmetric values. The winner of each item is determined stochastically using a lottery mechanism. We analyze two payoff objectives: (i) players maximize their total expected payoffs and (ii) players maximize their probability of winning a...
Persistent link: https://www.econbiz.de/10010878526
We introduce three extensions of the Hirshleifer–Skaperdas conflict game to study experimentally the effects of post-conflict behavior and repeated interaction on the allocation of effort between production and appropriation. Without repeated interaction, destruction of resources by defeated...
Persistent link: https://www.econbiz.de/10010785206
This paper analyzes iterated incumbency contests with heterogeneous valuations in a large population setting …
Persistent link: https://www.econbiz.de/10011629964
simple asymmetric contest in which contestants differ in the effectiveness of their efforts? For two-player contests the …
Persistent link: https://www.econbiz.de/10011390708
This paper deals with double lobbying: several bureaucrats participate in joint lobbying to get a high total departmental budget, but they also engage in antagonistic lobbying to reap as high a share of the total budget as possible. The antagonistic lobbying constitutes a contest among the...
Persistent link: https://www.econbiz.de/10010263072