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in one important domain: valuations. In three experiments, participants were given the opportunity to sell an item they …
Persistent link: https://www.econbiz.de/10014469561
This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …
Persistent link: https://www.econbiz.de/10010333447
choice deviate from what citizens want but that an increase in uncertainty about policy outcomes decreases this distortion …
Persistent link: https://www.econbiz.de/10013289693
discrimination, namely, change of the contestants' prize valuations as well as bias of the impact of their efforts. Optimal twofold …
Persistent link: https://www.econbiz.de/10010328852
I examine sequential round-robin tournaments with three and four symmetric players. Each player is matched once with each other player. If the matches are organized as Tullock contests (all-pay auctions), the tournament will be almost fair (highly discriminatory): subject to the position of...
Persistent link: https://www.econbiz.de/10011657142
The main drawback of the public-policy contest is that the notion of contest success function, a crucial component of the contest model, does not have micro-foundations and, therefore, the random behavior of the government seems ad-hoc. In the present paper we propose a partial micro-foundation...
Persistent link: https://www.econbiz.de/10010315675
This article investigates the impact of the distribution of preferences on equilibrium behavior in conflicts that are modeled as all-pay auctions with identity-dependent externalities. In this context, we define centrists and radicals using a willingness-to-pay criterion that admits preferences...
Persistent link: https://www.econbiz.de/10010281941
prefers dual discrimination, namely, change of the contestants' prize valuations as well as bias of the impact of their …
Persistent link: https://www.econbiz.de/10010282059
We examine the effects of endogenous sequences on the fairness in round-robin tournaments with four players, multiple prizes, and general contest technologies. A tournament is called horizontally ex-ante fair if symmetric contestants have the same expected payoffs (odds) before the tournament...
Persistent link: https://www.econbiz.de/10015047276
framework where populations fight over borders and resources, and may form non-aggression pacts, military alliances, and …
Persistent link: https://www.econbiz.de/10010276759