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Many resource allocation contests have the property that individuals undertake costly actions to appropriate a potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation contests which are isomorphic under risk-neutrality. The...
Persistent link: https://www.econbiz.de/10011259038
subjects are consistent with the qualitative patterns predicted by theory. However, we also find several interesting behavioral … deviations from the theory. …
Persistent link: https://www.econbiz.de/10011108439