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It is well known that a pure-strategy Nash equilibrium does not exist for a two-player rent-seeking contest when the contest success function parameter is greater than two. We analyze the contest using the concept of equilibrium in secure strategies, which is a generalization of the Nash...
Persistent link: https://www.econbiz.de/10010752806
We develop an economic geography model in which mobile skilled workers choose between working in the production sector or becoming part of an unproductive political elite. The elite sets tax rates on skilled and unskilled workers to maximize its own welfare by extracting rents, thereby...
Persistent link: https://www.econbiz.de/10005008677
and differs between the contestants. Some key properties of R&D races, lobbying activity and sport contests are captured …
Persistent link: https://www.econbiz.de/10008494366
We analyze the voting behavior and ratings of judges in a popular song contest held every year in Europe. The dataset makes it possible to analyze the determinants of success, and gives a rare opportunity to run a direct test of vote trading, or logrolling. Though the votes cast may appear as...
Persistent link: https://www.econbiz.de/10005043387
We use laboratory experiments to analyze decentralized decision-making in one-sided matching markets. We find that …
Persistent link: https://www.econbiz.de/10008550237
We develop and experiment with new upper bounds for the constrained maximum-entropy sampling problem. Our partition …
Persistent link: https://www.econbiz.de/10005669347
conflict, heavily rely on mechanisms of group identification and often use somewhat arbitrary divisions of a society into … the experience of violence throughout the conflict episode. By examining the protracted war in Sri Lanka and applying … these indices (and their combination) to a data set describing victims of the civil conflict by district and year, we are …
Persistent link: https://www.econbiz.de/10011246325
agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test …
Persistent link: https://www.econbiz.de/10009002080
experiment to test these extreme theories, but find evidence against both of them: the subjects are consistent with an …
Persistent link: https://www.econbiz.de/10010695722
We revisit and extend previous theoretical work on internationalization decisions by firms which are imperfectly informed on the state of the demand in the market into which they are planning to export or enter through foreign direct investment (FDI). The latter is a costly strategy mitigating...
Persistent link: https://www.econbiz.de/10010662641