Showing 1 - 10 of 456
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
competition experiment. The two experiments use the same methods and subject pool, and examine games randomly selected from the …, and derive the predicted behavior as an output. The submission deadline is 1 December 2011, the results of the competition …
Persistent link: https://www.econbiz.de/10009752422
We introduce consistency of beliefs in the space of hierarchies of conditional beliefs (Battigalli and Siniscalchi) and use it to provide epistemic conditions for equilibria in finite multi-stage games with observed actions.
Persistent link: https://www.econbiz.de/10009752453
A choice prediction competition is organized that focuses on decisions from experience in market entry games (http …://sites.google.com/site/gpredcomp/ and http://www.mdpi.com/si/games/predict-behavior/). The competition is based on two experiments: An estimation experiment …, and a competition experiment. The two experiments use the same methods and subject pool, and examine games randomly …
Persistent link: https://www.econbiz.de/10009751378
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 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
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
This paper studies how the cost of delay and voting order affect agents' decisions in a unanimity voting mechanism. Specifically, we consider two-voter conclaves with commonly known preferences over two alternatives, the cost of delay, and the following novelty: each voter has a subjective...
Persistent link: https://www.econbiz.de/10014418159
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