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Persistent link: https://www.econbiz.de/10008933707
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/10011514012
We apply an indirect evolutionary approach to player’ perceived prize valuations in contests. Evolution in finite populations leads to preferences that overstate the prize’s material value and induce overexpenditure. We establish an equivalence between the behavior evolutionarily stable...
Persistent link: https://www.econbiz.de/10014191943
We compare two contest. Decentralized in which there are several independent contests with non overlapping contestants and Centralized in which all contestants fight for a unique prize which is the sum of all prizes in the small contests. We study the relationship between payoffs and efforts...
Persistent link: https://www.econbiz.de/10013019526
the defence of the opponent. This model has many applications like political campaigning, wars, competition among lobbies …
Persistent link: https://www.econbiz.de/10014061395
The purpose of this paper is to propose a symmetric two player general contest model in order to study the relationship between equilibria and crucial structural parameters of the model. In particular, given a general specification of the players' set of possible entries, of the agents' utility...
Persistent link: https://www.econbiz.de/10012961780
This paper analyzes the ability of group members to cooperate in rent-seeking in a context of between-group competition …
Persistent link: https://www.econbiz.de/10014219131
We conduct a laboratory experiment to compare the fairness and intensity of round-robin tournaments with three symmetric players, a single prize, and two alternative match formats. Matches are either organized as lottery contests or all-pay auctions. Whereas we confirm the theoretical prediction...
Persistent link: https://www.econbiz.de/10015203847
-type endogenously determined lottery is always superior to an all-pay-auction; it yields larger expected efforts (revenues) for the … dominated by an all-pay-auction. …
Persistent link: https://www.econbiz.de/10010253177
used to show that in any sufficiently decisive anonymous standard contest, any equilibrium is an all-pay auction … equilibrium. Thus, the analysis offers strong support for the robustness of the all-pay auction. The approach also delivers …
Persistent link: https://www.econbiz.de/10010360312