Showing 1 - 10 of 673,999
We study a model of imperfectly discriminating contests with two ex ante symmetric agents. We consider four institutional settings: Contestants move either sequentially or simultaneously and in addition their types are either public or private information. We find that an effort-maximizing...
Persistent link: https://www.econbiz.de/10009124645
Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004: This paper models the trade-off between production and appropriation in the presence of simultaneous inter- and intra-group conflicts. The model exhibits a ' group cohesion effect ': if the contest between the groups...
Persistent link: https://www.econbiz.de/10010361994
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
I present a two-player nested contest which is a convex combination of two widely studied contests: the Tullock (lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if the contest is sufficiently asymmetric, then there is an...
Persistent link: https://www.econbiz.de/10009659345
We introduce learning by doing in a dynamic contest. Contestants compete in an early round and can use the experience gained to reduce effort cost in a subsequent contest. A contest designer can decide how much of the prize mass to distribute in the early contest and how much to leave for the...
Persistent link: https://www.econbiz.de/10014194377
Contests are situations in which a set of agents compete for a valuable object, rent or award. The present paper analyzes difference-form group contests, that is, contests fought among groups and where their probability of victory depends on the difference of their effective efforts. First, we...
Persistent link: https://www.econbiz.de/10013056899
We use economic theory to examine the intensity of fundamentalist sects. Leaders work to enhance their followers …
Persistent link: https://www.econbiz.de/10013319145
I analyse a group contest in which groups decide over two dimensions of membership-exclusivity: whether a member is allowed to join the group at all, and whether this member is allowed to join another group as well. If the prize is mostly private, group leaders do not offer membership in...
Persistent link: https://www.econbiz.de/10013323852
microfoundations, the welfare consequences of rent seeking can be studied. In particular, I show that competition among rent seekers …
Persistent link: https://www.econbiz.de/10014055780
endogenized, the smaller group will always act prior to the bigger group. Competition between the groups is in this way weakened …
Persistent link: https://www.econbiz.de/10010366540