Showing 1 - 10 of 54
Altruists and envious people who meet in contests are symbionts. They do better than a population of narrowly rational …
Persistent link: https://www.econbiz.de/10005766134
We analyze group contests for public goods by applying the solution concept of an evolutionary stable strategy (ESS …
Persistent link: https://www.econbiz.de/10005051494
We define an indirect evolutionary approach formally and apply it to (Tullock) contests. While it is known (Leininger …-player contests. The evolutionarily stable preferences (ESP) of the indirect approach turn out to be negatively interdependent …
Persistent link: https://www.econbiz.de/10005406304
Rather than about absolute payoffs, governments in fiscal competition often seem to care about their performance relative to other governments. Moreover, they often appear to mimic policies observed elsewhere. We study such behaviour in a tax competition game with mobile capital à la...
Persistent link: https://www.econbiz.de/10005013050
Nash proposed an interpretation of mixed strategies as the average pure-strategy play of a population of players randomly matched to play a normal-form game. If populations are finite, some equilibria of the underlying game have no such corresponding “mass-action” equilibrium. We show that...
Persistent link: https://www.econbiz.de/10008872223
A worker’s utility may increase in his own income, but envy can make his utility decline with his employer’s income … various assumptions about the object and generality of envy. Envy amplifies the effect of incentives on effort and, therefore …, increases optimal incentive pay. Moreover, envy can make profitsharing optimal, even when the worker’s effort is fully …
Persistent link: https://www.econbiz.de/10005765867
This paper reviews the relatively small literature on sabotage in contests. It looks at both the formal game …
Persistent link: https://www.econbiz.de/10010877650
the public good is provided exogenously or dependent on actual tax revenue. We show that neither pure fundraising contests …
Persistent link: https://www.econbiz.de/10010877710
We study innovation contests with asymmetric information and identical contestants, where contestants’ efforts and … payoffs for both nondiscriminatory and discriminatory (where the reward is contestant-dependent) contests. We derive …
Persistent link: https://www.econbiz.de/10010877748
We analyze equilibria of two-player contests where players have intention-based preferences. We find that players …
Persistent link: https://www.econbiz.de/10010608711