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Multi-Battle Contests
Konrad, Kai A.; Kovenock, Dan - C.E.P.R. Discussion Papers - 2006
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 …
Persistent link: https://www.econbiz.de/10005791548
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Multi-Stage Contests with Stochastic Ability
Konrad, Kai A.; Kovenock, Dan - C.E.P.R. Discussion Papers - 2006
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. …
Persistent link: https://www.econbiz.de/10005124335
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When is Democracy an Equilibrium? Theory and Evidence from Colombia's La Violencia
Chacón, Mario; Robinson, James A; Torvik, Ragnar - C.E.P.R. Discussion Papers - 2006
group is dominant. We provide a test of a key aspect of our model using data from La Violencia, a political conflict in …
Persistent link: https://www.econbiz.de/10005656168
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Equilibrium and Efficiency in the Tug-of-War
Konrad, Kai A.; Kovenock, Dan - C.E.P.R. Discussion Papers - 2005
which the player expending the greater resources wins. In equilibrium, contest effort concentrates on at most two adjacent … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation … why. Compared to a single stage conflict, such structures can reduce the overall resources that are dissipated among the …
Persistent link: https://www.econbiz.de/10005661937
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Delay in Contests
Bester, Helmut; Konrad, Kai A. - C.E.P.R. Discussion Papers - 2003
explain delay. For a given contest technology, delay may occur if there is an asymmetry between defense and attack, if the …
Persistent link: https://www.econbiz.de/10005504736
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The Lifeboat Problem
Konrad, Kai A.; Kovenock, Dan - C.E.P.R. Discussion Papers - 2009
We study an all-pay contest with multiple identical prizes ("lifeboat seats"). Prizes are partitioned into subsets of …
Persistent link: https://www.econbiz.de/10005082545
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Does Terrorism Work?
Gould, Eric D; Klor, Esteban F - C.E.P.R. Discussion Papers - 2009
This paper examines whether terrorism is an effective tool to achieve political goals. By exploiting variation in terror attacks over time and across locations in Israel from 1988 to 2006, we show that local terror attacks cause Israelis to be: (i) more willing to grant territorial concessions...
Persistent link: https://www.econbiz.de/10008458294
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Democratization or Repression?
Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 1999
Regimes controlled by a rich elite often collapse and make way for democracy amidst widespread social unrest. Such regime changes are often followed by redistribution to the poor at the expense of the former elite. We argue that the reason why the elite may have to resort to full-scale...
Persistent link: https://www.econbiz.de/10005666486
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Endogenous Lobbying
Felli, Leonardo; Merlo, Antonio - C.E.P.R. Discussion Papers - 2002
In this paper, we present a citizen-candidate model of representative democracy with endogenous lobbying. We find that lobbying induces policy compromise and always affects equilibrium policy outcomes. In particular, even though the policy preferences of lobbies are relatively extreme, lobbying...
Persistent link: https://www.econbiz.de/10005789151
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Who is the Enemy?
Epstein, Gil S; Gang, Ira - C.E.P.R. Discussion Papers - 2004
We examine who benefits when there is a strong leader in place, and those who benefit when a situation lacks a proper leader. There are fractious terrorist groups who seek to serve the same people in a common cause against a common enemy. The groups compete for rents obtained from the public by...
Persistent link: https://www.econbiz.de/10005791251