Showing 1 - 10 of 541
Using the political-economic history of the development of telephony during the 1870s as a backdrop, this paper studies a two-player Tullock contest that includes both research effort (R&D) and legal effort (i.e., rent-seeking effort). The two types of efforts complement each other and...
Persistent link: https://www.econbiz.de/10010417142
This article presents an equivalence theorem in the context of Tullock's augmented lottery contest with external or internal cost reimbursement. Three alternative modes of reimbursement are studied. The equivalence implies that, even though the augmented contest is vulnerable to framing biases,...
Persistent link: https://www.econbiz.de/10014422484
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
The experimental evidence on contests often reports overspending of contest participants compared to the theoretical Nash equilibrium outcome. We show that a standard level-k model may rationalize overspending in contests. This result complements the existing literature on overspending in...
Persistent link: https://www.econbiz.de/10013252760
We use experimental methods to investigate whether pledges of commitment can improve cooperation in endogenously-formed partnerships facing a social dilemma. Treatments vary in terms of the individual's: (1) opportunity to commit to their partner; (2) the cost of dissolving committed...
Persistent link: https://www.econbiz.de/10011453248
starting network. To study factors affecting equilibrium selection, we designed a network formation experiment with multiple …
Persistent link: https://www.econbiz.de/10012014878
We conducted a dynamic common pool resource experiment and found large differences among groups in the total benefits …
Persistent link: https://www.econbiz.de/10012014967
conduct an economic experiment using this model to investigate possible behavioral factors that may explain deviations from …
Persistent link: https://www.econbiz.de/10012062323
Anticipated verbal feedback in a dictator game has been shown to induce altruistic behavior. However, in the ultimatum game which, apart from generosity, entails a strategic component since a proposer may (rightly) fear that the responder will reject a low offer, it remains an open question...
Persistent link: https://www.econbiz.de/10011709209
Decreasing social sensitivity (i.e., the ability of a person to perceive, understand, and respect the feelings and viewpoints of others), has been shown to facilitate selfish behavior. This is not only true for exogenous changes in social sensitivity, but also for social sensitivity influenced...
Persistent link: https://www.econbiz.de/10011849249