Showing 1 - 8 of 8
We analyze a group all-pay auction with a group specific public good prize in which one group follows a weakest-link and the other group follows a best-shot impact function. This type of game depicts situations in which the best-shot group is an attacker and the other group is a defender. We...
Persistent link: https://www.econbiz.de/10011201288
We investigate a group all-pay auction with weakest-link impact function and group-specific public good prize. Since only the minimum effort exerted among all group members represents the group effort and the group with the maximum group effort wins the contest, this is termed as the `Max-Min...
Persistent link: https://www.econbiz.de/10010687742
This study analyzes a group contest in which one group (defenders) follows a weakest link whereas the other group (attackers) follows a best-shot impact function. We fully characterize the equilibria and show that with symmetric valuation the equilibrium is unique up to the permutation of the...
Persistent link: https://www.econbiz.de/10010854415
We investigate the effects of the availability of resources that can be expended in conflict on conflict intensity. We run a between-subjects Tullock contest in which we vary the contest budget from Low to Medium to High, while keeping the Nash equilibrium bid the same. We find an `inverted...
Persistent link: https://www.econbiz.de/10010759900
Contests are ubiquitous in economic and political settings. Contest designers often use tools to make a contest among asymmetric contestants more even, in order to either elicit higher effort levels, or for ethical reasons. Handicapping - in which stronger participants are a priori weakened - is...
Persistent link: https://www.econbiz.de/10010854424
We consider a multi-winner nested elimination contest in which losers are sequentially eliminated to attain the set of winners. This is a variant of a widely used mechanism introduced by Clark and Riis (1996) that allows one to select the winners sequentially. We show that the nested elimination...
Persistent link: https://www.econbiz.de/10010744559
It is observed in neuroscience, economics and psychology experiments that the presence of an image of a pair of eyes may result in higher level of altruistic behavior by subjects. It is hence concluded that the eye-image serves as a `social Êcue'. We test this against an alternative hypothesis...
Persistent link: https://www.econbiz.de/10011071729
A contest is a situation in which individuals expend resources in order to win valuable prize(s). `Sabotage' is a deliberate, and often costly and illegal, act of damaging a rival's likelihood of winning the contest. It is done by exerting resources to negatively influence the effectiveness of a...
Persistent link: https://www.econbiz.de/10011276416