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Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions
Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016
in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …
Persistent link: https://www.econbiz.de/10011472073
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Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions
Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016
in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …
Persistent link: https://www.econbiz.de/10011489403
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Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions
Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016
in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …
Persistent link: https://www.econbiz.de/10011473887
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Overbidding and Overspreading in Rent-Seeking Experiments : Cost Structure and Prize Allocation Rules
Chowdhury, Subhasish M. - 2014
We study experimentally the effects of cost structure and prize allocation rules on the performance of rent-seeking contests. Most previous studies use a lottery prize rule and linear cost, and find both overbidding relative to the Nash equilibrium prediction and significant variation of...
Persistent link: https://www.econbiz.de/10013054126
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An Experimental Investigation of Colonel Blotto Games
Chowdhury, Subhasish M.; Kovenock, Dan; Sheremeta, Roman M. - 2021
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 all major theoretical predictions. In the auction treatment, where winning a...
Persistent link: https://www.econbiz.de/10013316350
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Designing contests between heterogeneous contestants : an experimental studie of tie-breaks and bid-caps in all-pay Auctions
Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2020
in a laboratory experiment. Our data confirm that placing bid-caps and using favorable tie-breaking rules significantly …
Persistent link: https://www.econbiz.de/10012426931
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Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions
Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016
in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …
Persistent link: https://www.econbiz.de/10011473683
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Can Groups Solve the Problem of Over-Bidding in Contests?
Sheremeta, Roman M.; Zhang, Jingjing - 2011
This study reports an experiment that examines whether groups can better comply with theoretical predictions than … individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to … individual players. The new findings of our experiment are that groups make 25% lower bids, their bids have lower variance, and …
Persistent link: https://www.econbiz.de/10014186327
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Resource Allocation Contests : Experimental Evidence
Shupp, Robert - 2013
potentially divisible resource. We design an experiment to compare individuals' decisions across three resource allocation …
Persistent link: https://www.econbiz.de/10013075997
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Impulsive Behavior in Competition : Testing Theories of Overbidding in Rent-Seeking Contests
Sheremeta, Roman M. - 2018
of winning, and relative payoff maximization. Using an eight-part experiment, we test and find significant support for …
Persistent link: https://www.econbiz.de/10014132470