effective; it yields total contestants' efforts that are larger than those obtained under almost any Tullock-type lottery … ; lottery …

and lottery contests with several heterogeneous contestants. Two instruments of favoritism are considered: Head starts … first-best revenue. In the lottery contest, head starts are less effective than biases and combining both instruments cannot … further increase revenue. As all-pay auctions revenue-dominate lottery contests under optimal biases, we thus obtain an …

Blotto Game ; auction ; lottery …

An auction is viewed as a process that in equilibrium generates a binary lottery for each bidder, which the bidder buys …

In this paper we analyze a large sample of individual responses to six lottery questions. We derive a simultaneous …

Eeckhoudt and Schlesinger (2006), based upon simple lottery preference. This article show how the mathematics of lattice theory … can be used to model these lottery preferences. In addition to modeling a simple lattice structure, I show how such …

chosen contest - which we call a 'tax lottery' - can correct the distortion in private consumption while, at the same time … nor a sales tax combined with a 'simple' lottery can induce efficiency in the standard environment. -- public goods …

This paper presents novel empirical evidence that gambling style behaviour – which has been documented in many areas of … for the riskier candidate. These results match the predictions derived from our model of rational risk-taking. Gambling …