contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each … component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …

earn a positive expected payoff from participating in the contest, which may explain why they participate. We also show … ability dispersion selects such players into the contest and favors them in elimination contests. …

explain delay. For a given contest technology, delay may occur if there is an asymmetry between defense and attack, if the …

microfoundations, the welfare consequences of rent seeking can be studied. In particular, I show that competition among rent seekers …

data with representative behavioural data from a social dilemma experiment. We identify which survey questions intended to … survey data is limited by measurement error and by the questionability of their behavioural relevance. Here we present a … interaction among the participants, with a survey of non-interacting respondents in a smooth and inexpensive way. We illustrate …

conventional wisdom, higher returns to capital and more competition can be detrimental for welfare and growth, as they induce more …