Standard theoretical prediction is that rational economic agents participating in rent-seeking contests should engage …

The standard theoretical description of rent-seeking contests is that of rational individuals or groups engaging in …

Many resource allocation contests have the property that individuals undertake costly actions to appropriate a … potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation … contests which are isomorphic under risk-neutrality. The results indicate that in aggregate the single-prize contest generates …

first stage but not in the second stage. Our experiment provides evidence that winning is a component in a subject’s utility …-dissipation in both contests. It can also explain why the two-stage contest generates higher revenue than the equivalent one …

-seeking contests. Most previous studies use a lottery prize rule and linear cost, and find both overbidding relative to the Nash … contribute towards design guidelines for contests based on behavioral principles that take into account implementation features …

We experimentally study overbidding in contests and find that overbidding is significantly higher when subjects are … given a large per-experiment endowment rather than when the endowment is given per-period. Risk-aversion and non …

This paper experimentally compares the performance of four simultaneous lottery contests: a grand contest, two multiple … grand contest generates the highest effort levels among all simultaneous contests. In multi-prize settings, equal prizes … produce lower efforts than unequal prizes. The results also support the argument that joint contests generate higher efforts …

individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to …This study reports an experiment that examines whether groups can better comply with theoretical predictions than … individual players. The new findings of our experiment are that groups make 25% lower bids, their bids have lower variance, and …

Italy. This empirical study is underpinned by some theoretical insights drawn from conflict and rent-seeking theories. Then …