Showing 1 - 10 of 92
We design an experiment to explore the impact of earned entitlements on the frequency and intensity of conflicts in a … be avoided than when roles are assigned randomly. Earned entitlements impact behavior in three important ways: (1 … intensity. This result differs from previous experimental evidence from ultimatum games in which earned entitlements tend to …
Persistent link: https://www.econbiz.de/10011260731
non-binding, proposers offer nothing and conflicts always arise. Laboratory experiments confirm that binding side …
Persistent link: https://www.econbiz.de/10011112071
Commitment problems are inherent to non-binding conflict resolution mechanisms, since an unsatisfied party can ignore the resolution and initiate conflict. We provide experimental evidence suggesting that even in the absence of binding contractual agreements individuals often avoid conflict by...
Persistent link: https://www.econbiz.de/10011123534
This paper examines theory and behavior in a two-player game of siege, sequential attack and defense. The attacker’s objective is to successfully win at least one battle while the defender’s objective is to win every battle. Theoretically, the defender either folds immediately or, if his...
Persistent link: https://www.econbiz.de/10011259918
Due to the high costs of conflict both in theory and practice, we examine and experimentally test the conditions under which conflict between asymmetric agents can be resolved. We model conflict as a two-agent rent-seeking contest for an indivisible prize. Before conflict arises, both agents may...
Persistent link: https://www.econbiz.de/10011260837
This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support the main qualitative predictions of the theory. In the auction treatment, where winning...
Persistent link: https://www.econbiz.de/10011258037
. The variety of economic situations that can be described as contests has attracted enormous attention from economic … theorists. Despite the extensive theoretical research of contests, very little empirical research has been done to evaluate the … simultaneous lottery contests: a grand contest, two multiple prize settings (equal and unequal prizes), and a contest which …
Persistent link: https://www.econbiz.de/10011259262
Standard theoretical prediction is that rational economic agents participating in rent-seeking contests should engage …
Persistent link: https://www.econbiz.de/10011109372
The standard theoretical description of rent-seeking contests is that of rational individuals or groups engaging in …
Persistent link: https://www.econbiz.de/10011111074
gender, as well as field experiments. Finally, we discuss applications of contests and suggest directions for future research. …Many economic, political and social environments can be described as contests in which agents exert costly efforts … while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all …
Persistent link: https://www.econbiz.de/10011111456