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Contests with small noise and the robustness of the all-pay auction

Ewerhart, Christian - 2016 - Revised version

, we introduce a new and intuitive measure for the proximity to the all-pay auction. This allows, in particular, to provide … equilibrium of the corresponding all-pay auction. The results are shown to have powerful implications for monopoly licensing …, political lobbying, electoral competition, optimally biased contests, the empirical analysis of rent-seeking, and dynamic …

Persistent link: https://www.econbiz.de/10011538607

Asymmetric discouragement in asymmetric contests

March, Christoph; Sahm, Marco - 2016

We provide new experimental evidence which suggests an asymmetric discouragement effect in lottery contests with heterogeneous abilities. Compared to a symmetric contest, subjects invest less effort when facing a stronger opponent, but they invest the same when facing a weaker opponent. Our...

Persistent link: https://www.econbiz.de/10011539207

Asymmetric discouragement in asymmetric contests

March, Christoph; Sahm, Marco - 2016

Persistent link: https://www.econbiz.de/10011544119

Contests as selection mechanisms : the impact of risk aversion

March, Christoph; Sahm, Marco - 2017

We investigate how individual risk preferences affect the likelihood of selecting the more able contestant within a two-player Tullock contest. Our theoretical model yields two main predictions: First, an increase in the risk aversion of a player worsens her odds unless she already has a...

Persistent link: https://www.econbiz.de/10011700456

Contests as selection mechanisms : the impact of risk aversion

March, Christoph; Sahm, Marco - 2017

Persistent link: https://www.econbiz.de/10011701971

Contests with small noise and the robustness of the all-pay auction

Ewerhart, Christian - 2017 - Revised version

, we introduce a new and intuitive measure for the proximity to the all-pay auction. This allows, in particular, to provide … unique equilibrium of the corresponding all-pay auction. The results are shown to have powerful implications for monopoly … licensing, political lobbying, electoral competition, optimally biased contests, the empirical analysis of rent-seeking, and …

Persistent link: https://www.econbiz.de/10011674146

Assortative matching by lottery contests

Cohen, Chen; Rabi, Ishay; Sela, Aner - In: Games 13 (2022) 5, pp. 1-20

We study two-sided matching contests with two sets, A and B, each of which includes a finite number of heterogeneous agents with commonly known types. The agents in each set compete in a lottery (Tullock) contest, and then are assortatively matched, namely, the winner of set A is matched with...

Persistent link: https://www.econbiz.de/10014418053

Heterogeneous Outside Options in Contests

Grossmann, Martin - 2014

This article describes a large number of contestants with high and low talent who individually decide to enter a contest or take their heterogeneous outside options. We derive a critical condition for which only high types, only low types, or both types participate in the contest. If a contest...

Persistent link: https://www.econbiz.de/10013056052

Endowment Effects in Contests

Sheremeta, Roman M. - 2011

We experimentally study overbidding in contests and find that overbidding is significantly higher when subjects are given a large per-experiment endowment rather than when the endowment is given per-period. Risk-aversion and non-monetary utility of winning can partially explain our findings

Persistent link: https://www.econbiz.de/10013130475

Designing Contests between Heterogeneous Contestants : An Experimental Study of Tie-Breaks and Bid-Caps in All-Pay Auctions

Llorente-Saguer, Aniol - 2016

A well-known theoretical result in the contest literature is that greater heterogeneity decreases performance of contestants because of the “discouragement effect.” Leveling the playing field by favoring weaker contestants through bid-caps and favorable tie-breaking rules can reduce the...

Persistent link: https://www.econbiz.de/10012986649