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promote competition in railway transportation through timetable auctions and infrastructure access. However, the concession … has resulted in a vertically integrated structure that favors PeruRail, which faces minimal direct competition, controls … address these distortions, we propose reforming the auction mechanism to neutralize these advantages and enhance competition …
Persistent link: https://www.econbiz.de/10015408245
We consider the design of a contest in which the prize may motivate not only productive efforts, but also some damaging aggressive behavior by contestants. The organizer must choose prizes and an enforcement regime defined as a limit on how much aggressiveness will be tolerated and the...
Persistent link: https://www.econbiz.de/10014426263
case provides an analogy of the conditions under which cooperation occurs in a context of competition between rival …
Persistent link: https://www.econbiz.de/10009754745
In imperfectly discriminating contests with symmetric valuations, equilibrium payoffs are positive shares of the value of the prize. In contrast to a bargaining situation, players’ shares sum to less than one because a residual share of the value is lost due to rent dissipation. In this paper,...
Persistent link: https://www.econbiz.de/10011550537
We investigate whether tournament prizes that depend on joint output ("variable prize tournaments") can alleviate the sabotage problem which is otherwise inherent in tournament struc- tures. In a game-theoretical model with three contestants, we compare fixed-prize tournaments with tournaments...
Persistent link: https://www.econbiz.de/10014418051
We study two-sided matching contests with two sets, A and B, each of which includes a finite number of heterogeneous agents with commonly known types. The agents in each set compete in a lottery (Tullock) contest, and then are assortatively matched, namely, the winner of set A is matched with...
Persistent link: https://www.econbiz.de/10014418053
Recent developments in information and communication technologies allow candidates for office to engage in sophisticated messaging strategies to influence voter choice. We consider how access to different technologies influence the choice of policy platforms by candidates. We find that when...
Persistent link: https://www.econbiz.de/10012062360
competition. Moreover, in environments with low neighborhood effects and a stronger inertia threshold, firms are able to maintain …
Persistent link: https://www.econbiz.de/10013367758
In simple dyadic games such as rock, paper, scissors (RPS), people exhibit peculiar sequential dependencies across repeated interactions with a stable opponent. These regularities seem to arise from a mutually adversarial process of trying to outwit their opponent. What underlies this process,...
Persistent link: https://www.econbiz.de/10012649176
Individuals face competitive environments daily, and it is important to understand how emotions affect behavior in these environments and resulting economic consequences. Using a two-stage laboratory experiment, I analyze the role of reported emotions in tournament performance and assess how the...
Persistent link: https://www.econbiz.de/10011709205