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advantaged in the grand (organization-wide) contest for two reasons: First, the incentive to free-ride is smaller in inter …-divisional contests. Second, competition in the intra-divisional contest is less fierce. Both effects induce a higher marginal utility of … effort provision. We test the model in a laboratory experiment and confirm its main predictions. Our results have important …
Persistent link: https://www.econbiz.de/10012179793
Victorious alliances often fight about the spoils of war. This paper presents an experiment on the determinants of …
Persistent link: https://www.econbiz.de/10010291510
History is replete with overt discrimination on the basis of race, gender, age, citizenship, ethnicity, marital status, academic performance, health status, volume of market transactions, religion, sexual orientation, etc. However, these forms of discrimination are not equally tolerable. For...
Persistent link: https://www.econbiz.de/10010264357
; however, this subsequent internal conflict does not discourage alliance members from expending much effort in the contest …
Persistent link: https://www.econbiz.de/10010274925
that increases wealth or through a contest in which unproductive (rent-seeking) effort is used to redistribute wealth …
Persistent link: https://www.econbiz.de/10014534323
During the past two centuries, western nations have successively extended the voting franchise to citizens of lower income. We explain this process of democratization as a rational way for incumbent elites to wage war effectively on other nations, as in a strategic game of international conflict...
Persistent link: https://www.econbiz.de/10011480439
We propose a novel tournament design that incorporates the main properties of a round-robin tournament, a Swiss tournament, and a race. Following an equilibrium analysis, we compare 36 tournament structures inherent in our model and several well-known tournament models from the literature, on...
Persistent link: https://www.econbiz.de/10012425667
.e., succeeding in a competition is valuable per se. We design an experiment that allows us to disentangle financial and psychological …
Persistent link: https://www.econbiz.de/10013353473
.e. a contest against other rent-seekers). At the aggregate level, rent-seeking reduces the available amount of labor in the …
Persistent link: https://www.econbiz.de/10012799675
We analyze spying out a rival’s price in a Bertrand market game with incomplete information. Spying transforms a simultaneous into a robust sequential moves game. We provide conditions for profitable espionage. The spied at firm may attempt to immunize against spying by delaying its pricing...
Persistent link: https://www.econbiz.de/10012018167