Showing 1 - 10 of 10
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the …
Persistent link: https://www.econbiz.de/10011111607
with Pareto-ranked equilibria. We report an experiment in which two groups compete in a weakest-link contest by expending …. As a result, intra-group communication decreases while inter-group communication increases payoffs. Our experiment thus …
Persistent link: https://www.econbiz.de/10011113027
first stage but not in the second stage. Our experiment provides evidence that winning is a component in a subject’s utility …
Persistent link: https://www.econbiz.de/10011258638
potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation …
Persistent link: https://www.econbiz.de/10011259038
We experimentally investigate the effect of social identification and information feedback on individual behavior in contests. In all treatments we find significant over-expenditure of effort relative to the standard theoretical predictions. Identifying subjects through photo display decreases...
Persistent link: https://www.econbiz.de/10011259314
Due to the high costs of conflict both in theory and practice, we examine and experimentally test the conditions under … capabilities, conflicts are unavoidable because the stronger agent prefers to fight. The results of the experiment confirm that the …
Persistent link: https://www.econbiz.de/10011260837
We study experimentally the effects of cost structure and prize allocation rules on the performance of rent-seeking contests. Most previous studies use a lottery prize rule and linear cost, and find both overbidding relative to the Nash equilibrium prediction and significant variation of...
Persistent link: https://www.econbiz.de/10011109043
given a large per-experiment endowment rather than when the endowment is given per-period. Risk-aversion and non …
Persistent link: https://www.econbiz.de/10011111405
This paper experimentally compares the performance of four simultaneous lottery contests: a grand contest, two multiple prize settings (equal and unequal prizes), and a contest which consists of two subcontests. Consistent with the theory, the grand contest generates the highest effort levels...
Persistent link: https://www.econbiz.de/10011112044
This study reports an experiment that examines whether groups can better comply with theoretical predictions than … individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to … individual players. The new findings of our experiment are that groups make 25% lower bids, their bids have lower variance, and …
Persistent link: https://www.econbiz.de/10011113095