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Persistent link: https://www.econbiz.de/10000986281
This paper reconsiders Tullock's analysis of rent seeking and wasteful overdissipation. The purpose of this paper is to point out that even though his original analysis of overdissipation is technically flawed, the definition of overdissipation can be modified to explain instances in which...
Persistent link: https://www.econbiz.de/10010336352
of a laboratory experiment. By and large our findings confirm standard theory. Incentive instruments typically become …
Persistent link: https://www.econbiz.de/10011349719
Persistent link: https://www.econbiz.de/10003383000
. However, when the traded rights are secured through unproductive rent-seeking contests, the tradeability of the rents may …
Persistent link: https://www.econbiz.de/10011349186
conducted a real effort fairness experiment where people in two of the world's richest countries, Norway and Germany, interacted … directly with people in Uganda and Tanzania, two of the world's poorest countries. In this experiment, the participants were …. First, entitlement considerations are crucial in explaining the distributive behavior of rich people in the experiment …
Persistent link: https://www.econbiz.de/10011377115
One of the main findings of a large body of gift exchange experiments is that in an incomplete contracts environment …
Persistent link: https://www.econbiz.de/10011338000
We examine an experimental gift exchange game in which the players can improve upon theunique no-gifts equilibrium through cooperative gift giving. The main feature of the study is thatthere are two different types of gift exchange, which we call simple and complex exchange,respectively. Complex...
Persistent link: https://www.econbiz.de/10011317441
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the … competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …
Persistent link: https://www.econbiz.de/10010371113
introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a … experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at …
Persistent link: https://www.econbiz.de/10013375345