the preference distribution (as revealed through polls) on costly participation decisions. The data reveal several …'s advantage. Consequently, pre-election polls do not exhibit the detrimental welfare effects that extant theoretical work predicts … subjects' behavior in polls and identify when Bandwagon and Underdog Effects arise. …

type. We consider a contest with two interest groups: one that is governed by a central planner and one that is not. Rent … dissipation is compared under two well-known contest success functions: the generalized logit and the all-pay auction. We also … resources invested in the contest. …

In a contest group - specific public goods we consider the effect that managing an interest group has on the rent … dissipation and the total expected payoffs of the contest. While in the first group, there is a central planner determining its … members' expenditure in the contest, in the second group there are two different possibilities: either all the members are …

We conduct a contest experiment to study if spread seeking and effort can be managed in a situation where participants …

engage in a costly contest over the good. One of the players' valuation is assumed to be private information. The feasibility … of a contract that divides the good between the players prior to the contest is determined by the expected contest …

hand. The private enforcement of property rights is seen as a substitute for public enforcement that results in a contest … in this contest. We characterize how optimality conditions for the provision of private and public goods change, how an …

Substanzprämie (Value Premium) und eine signifikant positive Momentumprämie (Momentum Premium). Zweitens zeigen sich alle vier … significant positive value premium and a significant positive momentum premium. Second, the correlation within all four risk …

contributes to post earnings announcement drift (PEAD) and price momentum. Indeed, when we double-sort by momentum portfolios and … retail trading flows, PEAD and momentum are only present in the top two quintiles of retail trading intensity. Finer sorts … substantial role of retail investors in generating momentum. Alternative hypotheses, such as the disposition effect and stale …