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Clustering and lack of sufficient diversification in research strategies has been identified as an important problem for delegated research as it takes place in design contests by Erat and Krishnan (2012). We show that this problem can be solved by local competition (such as bribery, lobbying or...
Persistent link: https://www.econbiz.de/10013045491
We examine an endogenous, sunk budget extension of Myerson's (1993) two-candidate model of political competition in which candidates simultaneously allocate an exogenous level of a use-it-or-lose-it persuasive advertising resource across a homogeneous electorate of unit measure. We completely...
Persistent link: https://www.econbiz.de/10013006110
Participants in an innovation contest may steal their opponents’ ideas to enhance their chance of winning. To model this, I introduce the ability to copy another player’s effort in a Tullock contest between two players. I characterise the unique equilibrium in this game dependent on the...
Persistent link: https://www.econbiz.de/10013323602
I analyse a group contest in which groups decide over two dimensions of membership-exclusivity: whether a member is allowed to join the group at all, and whether this member is allowed to join another group as well. If the prize is mostly private, group leaders do not offer membership in...
Persistent link: https://www.econbiz.de/10013323852