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 …

symmetric players, a single prize, and two alternative match formats. Matches are either organized as lottery contests or all … tournaments based on all-pay auctions is also at odds with theory. In the lab, such tournaments heavily disfavor (in payoff …

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 …

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 shows that households with positional concerns and convex status utility use gambling to attempt … results strongly indicate that households who care about status are more likely to participate in gambling and invest more in … gambling, while they save less. In addition, results regarding socio-economic and demographic characteristics are reported. For …